WEBVTT - Episode 852: One Big Beautiful Bill Act 0:00:04.720 --> 0:00:08.000 On this episode in each world. The One Big Beautiful 0:00:08.039 --> 0:00:12.920 Bill Act reduces taxes, reduces or increases spending for various 0:00:12.920 --> 0:00:17.720 federal government programs, increases the statutory debt limit, and addresses 0:00:17.800 --> 0:00:22.040 agencies and programs throughout the federal government. It is known 0:00:22.040 --> 0:00:26.040 as a reconciliation bill and includes legislations submitted by eleven 0:00:26.160 --> 0:00:29.640 House committees. The Act passed the House on May twenty second, 0:00:30.040 --> 0:00:32.920 with two hundred and fifteen yea's, two hundred and fifteen 0:00:32.960 --> 0:00:36.520 o's and one member voting president, but as narrow margin 0:00:36.560 --> 0:00:39.240 as you can get. The Act is now being considered 0:00:39.240 --> 0:00:43.160 by the Senate, Andrew's receiving some criticism from Elon Musk 0:00:43.200 --> 0:00:46.599 and others. Here to talk about the bill, I am 0:00:46.680 --> 0:00:50.680 really pleased to welcome my guest, Matthew Henderson. He is 0:00:50.720 --> 0:01:09.039 the interim Chief Government Affairs Officer at America First Policy Institute. Matthew, welcome, 0:01:09.080 --> 0:01:10.520 and thank you for joining. 0:01:10.160 --> 0:01:12.920 Me on Newsworld. Absolutely, it's a pleasure to be here. 0:01:13.480 --> 0:01:15.720 Would you just start by talking about the work you 0:01:15.760 --> 0:01:19.720 did would Save America Coalition to help kill the Biden 0:01:20.200 --> 0:01:23.480 Build Back Better Bill in twenty twenty one, and how 0:01:23.520 --> 0:01:25.720 that led you into the work you've done over the 0:01:25.800 --> 0:01:28.200 last three years on one big, beautiful bill. 0:01:29.240 --> 0:01:32.880 Absolutely, I'm happy to taking a step back. If we 0:01:33.000 --> 0:01:36.800 remember what was going on in twenty twenty one, America 0:01:36.840 --> 0:01:41.280 First Policy Institute was just getting started and the Biden administration, 0:01:41.360 --> 0:01:44.640 who had just come into office, was looking at passing 0:01:44.920 --> 0:01:48.360 their agenda. And it's almost like they took their entire 0:01:48.400 --> 0:01:51.680 agenda and they put it into legislative build text. They 0:01:51.760 --> 0:01:56.480 passed one reconciliation bill rather quickly. The other bill, it 0:01:56.600 --> 0:01:59.840 was the Build Back Better Agenda. This was a monster 0:02:00.360 --> 0:02:03.840 of a bill. This was introduced early on in the year, 0:02:04.520 --> 0:02:08.120 and as America First Policy Institute was building up as 0:02:08.120 --> 0:02:12.080 a think tank, we were attracting talent from the first 0:02:12.120 --> 0:02:15.640 Trump administration, and a lot of folks were coming together 0:02:15.919 --> 0:02:20.040 and watching this process unfold in front of us. And 0:02:20.320 --> 0:02:23.240 this bill, there's really no other way to explain it 0:02:23.280 --> 0:02:26.400 other than a big government socialism bill. This bill would 0:02:26.400 --> 0:02:30.200 have fundamentally reshaped the society that we lived in, turning 0:02:30.240 --> 0:02:34.400 it into a socialist society. And there was tremendous momentum 0:02:34.480 --> 0:02:39.560 against this bill. And as the process moved along, I 0:02:39.680 --> 0:02:44.240 came on board with AFPI in about October and I 0:02:44.320 --> 0:02:48.799 was hired to run a conservative coalition of a number 0:02:48.840 --> 0:02:52.880 of organizations. At the time, we had about sixty organizations, conservative, 0:02:53.400 --> 0:02:57.680 bisically conscious organizations and groups that decided to come together 0:02:58.480 --> 0:03:01.040 and really make an effort to take a stand against 0:03:01.080 --> 0:03:04.760 this bill. There were about six organizations initially that came together, 0:03:05.480 --> 0:03:08.200 and as time went on, I was tasked with the 0:03:08.240 --> 0:03:11.640 responsibility of putting together a campaign identifying some of the 0:03:11.639 --> 0:03:13.400 worst provisions that were in this bill. 0:03:14.160 --> 0:03:15.359 And it's no. 0:03:15.360 --> 0:03:17.440 Wonder it was such a bad bill. It couldn't get 0:03:17.480 --> 0:03:20.920 traction in Congress. It wasn't moving, and that granted us 0:03:20.960 --> 0:03:23.320 an opportunity and a window to highlight some of these 0:03:23.360 --> 0:03:26.840 horrible provisions that were in this bill. And ultimately it 0:03:26.840 --> 0:03:29.600 came down to the end of December and a lot 0:03:29.600 --> 0:03:31.400 of the work that we had done in highlighting some 0:03:31.440 --> 0:03:35.000 of these issues, issues that you've written about before, mister Speaker, 0:03:35.040 --> 0:03:37.720 and I think you can remember that time very clearly 0:03:37.800 --> 0:03:40.040 of what was going on, because it was outrageous some 0:03:40.080 --> 0:03:43.160 of the things that were being proposed. Eventually made it 0:03:43.200 --> 0:03:47.040 to December and we're able to successfully kill that portion 0:03:47.160 --> 0:03:49.040 of the bill. It came down to what was going 0:03:49.080 --> 0:03:52.320 on with Senator Mansion in West Virginia. We were able 0:03:52.400 --> 0:03:57.440 to simply talk about how this bill would have decimated 0:03:57.720 --> 0:04:00.680 energy jobs. This bill would have raised gas prices. This 0:04:00.760 --> 0:04:04.520 bill would have outsourced jobs to China and the Communist 0:04:04.560 --> 0:04:08.160 Party of China. This bill would have essentially condoned the 0:04:08.280 --> 0:04:10.240 use of slave labor of what was going on with 0:04:10.240 --> 0:04:13.280 the weaker population that was in China. And we just 0:04:13.360 --> 0:04:15.760 brought those issues to the voters. They spoke up and 0:04:15.800 --> 0:04:18.360 they told Center Mansion, absolutely, don't vote for this bill. 0:04:19.080 --> 0:04:21.680 And he held a press conference saying that he was 0:04:21.720 --> 0:04:23.640 not going to support the bill, and that was the 0:04:23.680 --> 0:04:26.480 epitaph of the Build Back Better Bill. So we successfully 0:04:26.520 --> 0:04:29.360 were able to stop that bill. Unfortunately, it reared its 0:04:29.360 --> 0:04:31.560 head again. But the reality is we were able to 0:04:31.600 --> 0:04:36.000 save about four point five trillion dollars in taxpayers savings, 0:04:36.200 --> 0:04:37.720 and that's something pretty remarkable. 0:04:38.400 --> 0:04:43.200 It seems to me that the brilliance of creating with 0:04:43.320 --> 0:04:46.960 Brooke Rollins and Linda McMahon taking the lead and thinking 0:04:47.000 --> 0:04:50.600 through and creating the America First Policy Institute and bringing 0:04:50.640 --> 0:04:53.840 together an extraordinary level of talent who had already had 0:04:53.880 --> 0:04:57.440 experience in the first Trump administration. Describe for folks the 0:04:57.520 --> 0:05:01.280 impact of America First Policy Institute and how you saw 0:05:01.279 --> 0:05:04.080 it operating and the things that was doing well. 0:05:04.080 --> 0:05:07.240 Coming into the organization, I had spent time on campaigns, 0:05:07.279 --> 0:05:09.080 I had spent time working in the House as a 0:05:09.080 --> 0:05:12.320 staffer and then the Senate as a staffer, and people 0:05:12.360 --> 0:05:15.640 were expecting the president to have a second term, and 0:05:16.000 --> 0:05:18.120 a lot of the minds that came together that came 0:05:18.160 --> 0:05:20.840 out of that first administration, there was a lot of 0:05:20.839 --> 0:05:24.080 work that went into a second agenda and how that 0:05:24.960 --> 0:05:27.320 agenda was going to look in the president's second term 0:05:28.120 --> 0:05:31.840 and when we weren't afforded to have a second term. 0:05:31.880 --> 0:05:34.640 A lot of work went into that agenda. And Brooke Rollins, 0:05:34.680 --> 0:05:37.440 who was our CEO and president at the time, and 0:05:37.520 --> 0:05:40.719 Linda McMahon, who's now Secretary of Education, so of course 0:05:40.839 --> 0:05:44.839 Brooke Rollins' Secretary of Agriculture, and mister Cudlow came together 0:05:44.920 --> 0:05:48.400 as well. Really recognized that there was an opportunity to 0:05:48.480 --> 0:05:50.560 take that agenda and some of the issues that they 0:05:50.600 --> 0:05:53.560 were working on, and to still further the momentum of 0:05:53.600 --> 0:05:56.479 the movement, to keep that momentum going because there was 0:05:56.520 --> 0:06:02.159 a desire to retain staff, to keep people engaged, to 0:06:02.240 --> 0:06:04.960 keep the movement engaged. You know, the president started something 0:06:05.440 --> 0:06:07.520 and nobody knew that he was going to run again 0:06:07.920 --> 0:06:10.960 at that time. But we knew that the ideas were powerful. 0:06:11.040 --> 0:06:14.520 We knew that the ideas needed to continue. We recognized 0:06:14.560 --> 0:06:17.880 that the ideas needed research and they needed to be 0:06:17.920 --> 0:06:21.480 built out. So as you look back and kind of 0:06:21.800 --> 0:06:24.800 see how America First first started, it was in a 0:06:24.880 --> 0:06:27.960 small room in northern Virginia where Broo Browns was head 0:06:28.000 --> 0:06:31.800 of the Domestic Policy Council in the White House. Several 0:06:31.839 --> 0:06:34.040 others who were in the West Wing went from the 0:06:34.040 --> 0:06:37.040 West Wing to a small office in Virginia just to 0:06:37.080 --> 0:06:39.680 continue this cause and movement. And it's kind of astonishing 0:06:39.760 --> 0:06:41.960 that a handful of staffers, I want to say, maybe 0:06:41.960 --> 0:06:44.400 about ten or fifteen individuals who were in that room 0:06:45.040 --> 0:06:49.440 grew into an organization of over two hundred strong just 0:06:49.600 --> 0:06:52.799 over a few short years. And one of the things 0:06:52.880 --> 0:06:57.240 that we first published was the America First Agenda. This 0:06:57.400 --> 0:06:59.520 was a collection of about one hundred and ninety six 0:06:59.560 --> 0:07:05.680 policies that were recommendations that we took to members' offices, 0:07:05.760 --> 0:07:08.800 that we took to the Senate, and we kept those 0:07:08.839 --> 0:07:13.120 ideas alive. We kept those ideas moving forward, and a 0:07:13.160 --> 0:07:15.880 lot of that paved the way to the policies that 0:07:15.880 --> 0:07:18.800 we're seeing now. The policies that we're seen in this 0:07:18.960 --> 0:07:22.360 One Big Beautiful Bill really originated from that agenda that 0:07:22.400 --> 0:07:24.520 the President first came up with in his first term. 0:07:24.880 --> 0:07:30.000 I really believe that without the hard work of the 0:07:30.040 --> 0:07:34.120 American First Policy Institute, that it would have been impossible 0:07:34.680 --> 0:07:37.239 to have had the last five months moving as rapidly 0:07:37.280 --> 0:07:41.440 as they did. That you really have a clear coming together, 0:07:41.520 --> 0:07:47.280 if you will, of the ideas, the people, and also 0:07:47.360 --> 0:07:49.640 the practicality. It wasn't just a think tank in the 0:07:49.680 --> 0:07:52.720 abstract sense. These are people who had been in government, 0:07:52.760 --> 0:07:56.040 understood government, and wanted to force real change, not just 0:07:56.120 --> 0:07:59.960 write interesting papers. Now you sort of reverse your role. 0:08:00.120 --> 0:08:03.880 You played a significant role in defeating the Biden Bill, 0:08:04.400 --> 0:08:06.680 and now you're playing a significant role in trying to 0:08:06.720 --> 0:08:09.680 pass the One Big Beautiful Bill. How does it feel 0:08:09.680 --> 0:08:14.720 to have flipped from opposition yelling no to governing majority 0:08:14.720 --> 0:08:16.160 trying to find a way to say yes. 0:08:17.680 --> 0:08:20.160 It's a little bit of a learning curve. I remember 0:08:20.360 --> 0:08:23.520 when we first kind of started on this process and 0:08:23.840 --> 0:08:27.400 when the sequencing of issues was going on, and you 0:08:27.440 --> 0:08:30.400 look at what can be included in what can't. It's 0:08:30.440 --> 0:08:33.000 not every day that you get the opportunity under unity 0:08:33.000 --> 0:08:36.320 of governance to have an opportunity like this to pass 0:08:36.360 --> 0:08:40.160 one big, beautiful bill. So the mindset was for so 0:08:40.320 --> 0:08:43.400 long we had these policies that we had to highlight 0:08:43.440 --> 0:08:46.520 how bad they were for the last four years to 0:08:46.880 --> 0:08:50.520 suddenly a shift and voters spoke very loud and clear 0:08:50.600 --> 0:08:53.600 last year in November, overwhelmingly rejecting a lot of those 0:08:53.720 --> 0:08:56.160 radical policy ideas. And now we're put in a position 0:08:56.200 --> 0:09:00.760 of governance, and so instead of highlighting the worst of 0:09:00.800 --> 0:09:03.400 the issues, you want to highlight really the best of 0:09:03.440 --> 0:09:06.560 the issues. And we know that this is a hard task, 0:09:06.600 --> 0:09:09.560 it's a long road, and that members who are working 0:09:09.640 --> 0:09:12.440 on these issues in the House and the Senate need 0:09:12.480 --> 0:09:15.520 to be supported for their work. So it's a shift 0:09:15.840 --> 0:09:19.480 from really attacking to supporting. And I remember the first 0:09:19.520 --> 0:09:21.559 time I was in a leadership office and we were 0:09:21.600 --> 0:09:24.920 talking through some of these issues, and it's important to 0:09:24.920 --> 0:09:28.160 remember that this is a conservative approach and that we're 0:09:28.160 --> 0:09:30.640 not looking to attack, we're looking to support and highlight 0:09:30.679 --> 0:09:32.800 and educate. So it's a little bit more on the 0:09:32.920 --> 0:09:35.640 education side instead of the highlighting some of the other. 0:09:35.480 --> 0:09:38.360 Things going way up to say a fifty thousand foot level, 0:09:38.720 --> 0:09:42.880 how would you describe to an average, everyday American the 0:09:42.960 --> 0:09:46.400 difference in the future between this bill passing and this 0:09:46.760 --> 0:09:47.920 bill failing to pass. 0:09:49.000 --> 0:09:52.160 This bill is our one shot. To put it in perspective, 0:09:53.360 --> 0:09:56.480 This bill is part of a larger plan. This bill 0:09:56.600 --> 0:10:01.400 is part of the president's strategy to accelerate economic growth. 0:10:02.040 --> 0:10:04.600 This is one pillar to that plan, and it needs 0:10:04.640 --> 0:10:07.880 to happen. Our spending is too high. Our spending needs 0:10:07.920 --> 0:10:10.240 to come down. We also need to cut taxes to 0:10:10.320 --> 0:10:14.080 accelerate growth. This bill does all of that. This bill 0:10:14.160 --> 0:10:18.760 includes more in it that will actually create American jobs, 0:10:18.880 --> 0:10:20.479 fat and middle class wallets. 0:10:20.559 --> 0:10:23.200 That's one fundamental. 0:10:22.600 --> 0:10:25.080 Way to think about this bill, and that's the approach 0:10:25.120 --> 0:10:27.760 we need, and we need the policies to achieve that 0:10:28.240 --> 0:10:31.520 in cutting taxes. Expanding the base is a key fundamental 0:10:31.559 --> 0:10:33.560 way of achieving that growth. 0:10:52.040 --> 0:10:54.800 The tax side of this is pretty complicated. Can you 0:10:54.840 --> 0:10:58.160 sort of walk us through the key elements, starting, of course, 0:10:58.200 --> 0:11:01.960 with the fact that if we don't extend the twenty 0:11:02.040 --> 0:11:05.640 seventeen tax cuts, we will have a massive tax increase 0:11:06.160 --> 0:11:09.160 and virtually every American is opposed to increasing taxes. 0:11:10.360 --> 0:11:11.440 Absolutely. 0:11:11.559 --> 0:11:13.200 A good way to think about it, and of course 0:11:13.240 --> 0:11:15.800 it changes based on where you live, how large your 0:11:15.840 --> 0:11:18.240 family size is. But a good way to think about 0:11:18.240 --> 0:11:21.800 it is if this wasn't extended. Of course, we're talking 0:11:21.800 --> 0:11:25.360 about the President's tax cuts, the Trump tax cuts, the 0:11:25.400 --> 0:11:27.520 Tax Cuts and Jobs Act that was put in place 0:11:27.559 --> 0:11:31.719 and enacted in twenty seventeen. If it was not extended, 0:11:32.000 --> 0:11:34.800 if this is something that doesn't pass, that means families 0:11:34.800 --> 0:11:37.880 will lose between of a range about seven hundred to 0:11:38.760 --> 0:11:41.800 about seventy two hundred dollars per year. Now that's based 0:11:41.800 --> 0:11:45.880 on family size and of course where they actually live, 0:11:46.120 --> 0:11:49.680 but that is a sizable amount of money. And for 0:11:49.800 --> 0:11:53.040 families living, for example, in Arizona, they could see a 0:11:53.080 --> 0:11:55.760 loss of close to four thousand dollars in take home pay. 0:11:56.160 --> 0:11:59.600 According to our own analysis at AFPI. This is something 0:12:00.160 --> 0:12:02.240 that we don't need in this economy right now. And 0:12:02.280 --> 0:12:05.040 when I speak to the economic growth side of it, 0:12:05.840 --> 0:12:08.240 we have an economy that's growing. I don't know if 0:12:08.280 --> 0:12:11.560 you saw the latest numbers coming out of the Atlanta FED, 0:12:11.800 --> 0:12:14.440 but the number was three point eight. Now what that 0:12:14.600 --> 0:12:18.600 means is already our economy is growing twice as fast. 0:12:18.960 --> 0:12:21.400 The Q two numbers came out, and our economy is 0:12:21.440 --> 0:12:23.920 growing twice as fast. Based on everything that the President's 0:12:23.960 --> 0:12:28.679 doing on his trade agenda, and based on the anticipation 0:12:29.480 --> 0:12:32.640 of this bill as it moves through Congress. Already we're 0:12:32.640 --> 0:12:34.760 seeing a lot of the positive effects of some of 0:12:34.760 --> 0:12:36.760 the policies that are going through right now. 0:12:37.120 --> 0:12:41.120 I've been talking about the combination of what he's doing 0:12:41.160 --> 0:12:44.679 with tariffs to make it more desirable to manufacturing the 0:12:44.720 --> 0:12:49.880 United States, what he's doing with this bill, and what 0:12:50.000 --> 0:12:52.679 he's done just as a good marketer. I mean, in 0:12:52.720 --> 0:12:57.080 his one trip to Saudi Arabia, guitar and the UAE 0:12:57.760 --> 0:13:00.920 he picked up in four days a billion dollars in 0:13:01.040 --> 0:13:04.400 orders for American products and a trillion dollar commitment to 0:13:04.440 --> 0:13:07.880 invest in the United States economy. Now, the momentum of 0:13:07.920 --> 0:13:12.120 those kind of deals has to mean I think by 0:13:12.120 --> 0:13:15.200 next summer we could be in a Trump boom. But 0:13:15.920 --> 0:13:17.880 the key to that is to pass this bill. And 0:13:18.080 --> 0:13:21.400 it's an extraordinarily complicated bill. Can you walk through just 0:13:21.520 --> 0:13:24.680 some of the provisions that people need to be aware 0:13:24.720 --> 0:13:27.240 of that give you a sense of the scale of 0:13:27.240 --> 0:13:28.320 effort going into this. 0:13:28.720 --> 0:13:31.400 Yes, absolutely, and I think really the best way to 0:13:31.440 --> 0:13:34.160 describe it is Americans are going to support this bill, 0:13:34.200 --> 0:13:35.880 and we're already seeing them. More and more they learn 0:13:35.880 --> 0:13:38.240 about that, the more supportive they are because it spends 0:13:38.320 --> 0:13:41.880 less government money, it prevents one of the largest taxis 0:13:42.040 --> 0:13:44.280 in history, which is the tax savings that I was 0:13:44.280 --> 0:13:46.079 talking about a little bit earlier. And of course, it 0:13:46.240 --> 0:13:49.800 supercharges economic growth and that means more investment coming into 0:13:49.800 --> 0:13:54.840 this country, which creates jobs, which grows jobs, and creates 0:13:55.200 --> 0:13:58.120 fatter paychecks, which is something that everybody likes to see. 0:13:58.160 --> 0:14:01.240 I think some of the important components to the one. 0:14:01.840 --> 0:14:05.480 It stops maligned foreign actors from undercutting our American workers. 0:14:05.520 --> 0:14:08.200 And what I mean by saying that is that it 0:14:08.240 --> 0:14:12.920 secures the border. We've heard about border security for years. 0:14:13.400 --> 0:14:16.560 Voters are beginning to recognize that when the president says 0:14:16.559 --> 0:14:18.400 he's going to secure the border, he actually means it, 0:14:18.440 --> 0:14:21.520 and he has the policies that can show action on that. 0:14:22.120 --> 0:14:24.720 This bill provides extra funding so that he can finish 0:14:24.800 --> 0:14:29.120 building the wall higher than necessary to personnel to put 0:14:29.160 --> 0:14:31.360 in place to make sure that border is secure, and 0:14:31.440 --> 0:14:34.400 also invest in technology in order to keep that border secure. 0:14:34.960 --> 0:14:38.800 This helps him continue to fulfill the largest deportation effort, 0:14:38.800 --> 0:14:40.720 which is something that the President has talked about. We 0:14:40.840 --> 0:14:44.160 keep seeing these stories about some of the hatred and 0:14:44.240 --> 0:14:46.800 some of the unrest that's going on on college campuses, 0:14:46.880 --> 0:14:49.240 which is something that's just outrageous to think about it 0:14:49.280 --> 0:14:52.440 in this beautiful country of ours. That's happening. That has 0:14:52.520 --> 0:14:55.440 to do with some of these visas that haven't been 0:14:55.520 --> 0:14:57.920 updated in such a long time, and it's maligned foreign 0:14:57.960 --> 0:15:00.040 actors who are in a lot of these places and 0:15:00.040 --> 0:15:04.240 they're not actually Americans. Another one is this bill actually 0:15:04.360 --> 0:15:06.440 keeps more money in the pockets of every American. I've 0:15:06.440 --> 0:15:09.200 talked about the tax component, but when we see things 0:15:09.240 --> 0:15:12.880 like no tax on tips or no overtime pay, an 0:15:12.960 --> 0:15:17.320 enhanced deduction for seniors, no tax on car loan interest, 0:15:17.680 --> 0:15:21.040 and of course the ever famous no death tax, these 0:15:21.040 --> 0:15:25.359 are things that are all focused on growing the economy 0:15:25.480 --> 0:15:29.160 and keeping more money in americans paychecks. We also see 0:15:29.160 --> 0:15:32.000 some other provisions in here that are meant to empower 0:15:32.080 --> 0:15:35.560 parents and really protect women and children. I don't think 0:15:35.600 --> 0:15:38.680 the long term play is that there will be men 0:15:38.800 --> 0:15:41.840 playing in girls' sports, but we want to make sure 0:15:41.920 --> 0:15:45.640 that we're able to restore American values, which is a 0:15:45.720 --> 0:15:47.720 key pillar for change and something that we need to 0:15:47.720 --> 0:15:49.920 get back to and something that voters spoke loud and 0:15:49.920 --> 0:15:55.080 clearly to support. It stops taxpayer funds for child sex mutilation, 0:15:55.360 --> 0:15:57.720 which is something that's astonishing that has gone on for 0:15:57.760 --> 0:16:00.680 such a long period of time, but youre speaker, for 0:16:00.720 --> 0:16:04.480 the longest time, Medicaid dollars have actually been going to 0:16:04.600 --> 0:16:07.440 fund some of these surgeries. This bill puts a stop 0:16:07.480 --> 0:16:10.120 to that. We see some other things in here that 0:16:10.160 --> 0:16:13.080 are very good for education as well, in terms of 0:16:13.120 --> 0:16:16.680 putting parents' rights over their children's education again, we have 0:16:17.200 --> 0:16:22.120 expanded educational options for school choice. What that means is 0:16:22.120 --> 0:16:25.520 there's going to be more support for things like homeschooling. 0:16:25.720 --> 0:16:28.240 That means there's going to be more support for things 0:16:28.680 --> 0:16:31.680 that are alternatives to public education but doesn't erode from 0:16:31.720 --> 0:16:35.400 public education. We also see certain things that just need 0:16:35.440 --> 0:16:40.280 to be restored, like DEI or radical gender ideology that 0:16:40.320 --> 0:16:43.640 has really penetrated a lot of schools. So certain funding 0:16:43.680 --> 0:16:47.680 elements are really reformed and put back to where they 0:16:47.720 --> 0:16:50.720 should be. And we also see some very unique things 0:16:50.960 --> 0:16:53.600 like the pro life enhanced Adoption tax credit. What that 0:16:53.680 --> 0:16:58.160 means is that for families who want to adopt, that 0:16:58.200 --> 0:17:00.560 means you can get five thousand dollars off five thousand 0:17:00.560 --> 0:17:03.440 dollars refund in terms of the costs and fees that 0:17:03.480 --> 0:17:07.000 you're actually moving forward with an adoption. And as we know, 0:17:07.160 --> 0:17:10.480 adoptions can be incredibly expensive. So this is a step 0:17:10.480 --> 0:17:12.679 in the right direction towards our values. And I can 0:17:12.760 --> 0:17:14.560 keep going on and on and on. There's actually a 0:17:14.560 --> 0:17:16.600 list I know that we've seen come out of all 0:17:16.640 --> 0:17:18.920 the latest and greatest things, but that's just a little 0:17:18.920 --> 0:17:20.320 bit of some of the great things that are in 0:17:20.359 --> 0:17:20.800 this bill. 0:17:21.040 --> 0:17:22.440 The one thing I do want to focus on just 0:17:22.480 --> 0:17:25.119 from it as I understand it, on the tax zone, 0:17:25.480 --> 0:17:30.280 it's actually very favorable to small business and significantly help 0:17:30.359 --> 0:17:31.160 small businesses. 0:17:32.200 --> 0:17:34.840 Does there's a number of pro business things that are 0:17:34.840 --> 0:17:38.719 in this bill, full expensing that is able to help manufacturing. 0:17:38.840 --> 0:17:43.399 This bill is pro manufacturing, it's pro startup business. It 0:17:43.520 --> 0:17:46.760 is some very unique things that the American First Policy 0:17:47.000 --> 0:17:50.160 Institute has spent a lot of time on. Are these 0:17:50.200 --> 0:17:54.040 opportunity zones. We've heard about these opportunity zones perhaps before, 0:17:54.119 --> 0:17:58.480 but what these are are certain tax zones and structures 0:17:59.000 --> 0:18:01.800 that we're up for renewal next year. These were renewed 0:18:02.080 --> 0:18:05.440 and continue to be put in place. It's their pro 0:18:05.480 --> 0:18:10.200 growth element, so they allow for reinvestment in economically challenged 0:18:10.240 --> 0:18:14.080 areas urban areas, so it allows for reinvestment in our community, 0:18:14.560 --> 0:18:17.960 and it's a good alternative for businesses to invest in 0:18:18.000 --> 0:18:21.800 and also reinvest in our cities. There's also other pro 0:18:21.840 --> 0:18:24.880 growth tax reforms, and that key word there is pro growth. 0:18:25.200 --> 0:18:27.240 We just want to be really focused on growing the 0:18:27.280 --> 0:18:30.400 economy in a positive way. There's a lot of pro 0:18:30.400 --> 0:18:34.280 growth reforms to boost up economic growth, like small business 0:18:34.400 --> 0:18:37.520 exemptions for manufacturing, which I've already mentioned, and just a 0:18:37.600 --> 0:18:40.080 number of provisions that actually helped that regard and push 0:18:40.320 --> 0:18:41.920 the economic pro growth side forward. 0:18:42.320 --> 0:18:44.080 By the way, in terms of being pro growth, it 0:18:44.080 --> 0:18:46.840 seems to me that one of the great problems in 0:18:46.960 --> 0:18:50.679 passing this bill is that the Congressional Budget Office is 0:18:50.840 --> 0:18:54.840 just ridiculously left wing and refus us to score economic growth. 0:18:55.440 --> 0:18:58.359 That if you actually take what will probably happen based 0:18:58.359 --> 0:19:01.160 on the Reagan years we did when I was speaker, 0:19:01.560 --> 0:19:04.680 this bill should get us up to at least three 0:19:04.800 --> 0:19:07.120 or three and a half percent growth, And I think 0:19:07.200 --> 0:19:09.760 they're scoring it at like one point two. So what 0:19:09.800 --> 0:19:12.960 that does for our listeners is it means all of 0:19:12.960 --> 0:19:15.480 the extra revenue that would come in because the economy 0:19:15.520 --> 0:19:18.280 gets bigger, more people go to work, more people get 0:19:18.320 --> 0:19:21.800 pay raises, more companies make a profit, All of those 0:19:21.840 --> 0:19:25.320 things help pay for the bill. And consistently, the Congressional 0:19:25.359 --> 0:19:30.560 Budget Office has refused to score the scale of change 0:19:30.560 --> 0:19:33.640 that occurs when you get the right kind of positive 0:19:33.720 --> 0:19:36.159 pro growth policies. And it seems to me that that's 0:19:36.600 --> 0:19:38.600 one of the things Congress should fix is that the 0:19:39.000 --> 0:19:42.200 Congressional Budget Office is very left wing and is five 0:19:42.320 --> 0:19:46.760 hundred and twenty five bureaucrats who specialize in underrating how 0:19:46.800 --> 0:19:50.440 good our reforms are and really underrating how effective our 0:19:50.440 --> 0:19:52.480 tax cuts are. What's your thought on that? 0:19:53.119 --> 0:19:55.000 I think you're absolutely right, and that's why i wanted 0:19:55.040 --> 0:19:57.040 to lead with that surprising news. I'm not going to 0:19:57.040 --> 0:20:00.000 say it's surprising because it's a realistic approach. The Atlantica 0:20:00.160 --> 0:20:02.920 Federal Reserve came out with their number for the accelerated 0:20:02.960 --> 0:20:06.360 growth based on Q two this year alone at three 0:20:06.440 --> 0:20:09.720 point eight percent, So that means our economy is already 0:20:09.720 --> 0:20:13.400 growing twice as fast and in terms of the CBO 0:20:13.560 --> 0:20:14.520 three times as fast. 0:20:15.160 --> 0:20:18.119 I'm going to go on X and Truth Social and 0:20:18.240 --> 0:20:21.879 ask the question, what was the Congressional Budget Office score 0:20:22.400 --> 0:20:23.359 for the second quarter. 0:20:23.560 --> 0:20:26.320 I think it was right around one point two percent 0:20:26.480 --> 0:20:27.560 or something ridiculous. 0:20:27.760 --> 0:20:30.720 So if you just adjust how wrong they were for 0:20:30.760 --> 0:20:33.960 the entire bill, you literally pay for the bill by 0:20:34.080 --> 0:20:37.440 the scale of economic growth, which they refuse to admit exists. 0:20:37.520 --> 0:20:39.639 It's a fascinating story. Let me ask you, though, I 0:20:39.640 --> 0:20:41.080 mean the one glyphs that's come up in the last 0:20:41.080 --> 0:20:43.840 few days. We can't talk about the bill without confronting 0:20:43.880 --> 0:20:46.840 the set on. We get this writing on X by 0:20:47.160 --> 0:20:51.679 Eon Musk, who says, quote, I'm sorry, but I just 0:20:51.720 --> 0:20:56.879 can't stand it anymore. This massive, outrageous, pork filled congressional 0:20:56.920 --> 0:21:01.120 spending bill is a disgusting abomination. Shame on those who 0:21:01.200 --> 0:21:03.560 voted for it. You know you did wrong. You know it. 0:21:03.720 --> 0:21:05.919 Now I have to tell him. My first reaction was 0:21:05.960 --> 0:21:08.080 he was off his meds, and I don't quite know 0:21:08.119 --> 0:21:10.640 what he's doing. But if you were debating him, how 0:21:10.640 --> 0:21:12.240 would you answer all those charges? 0:21:13.200 --> 0:21:14.560 Well, it's a little confusing. 0:21:15.240 --> 0:21:19.119 I guess I'm perplexed because this bill actually reverses the 0:21:19.200 --> 0:21:22.040 spending cursed plague. There's been a spending curse on DC. 0:21:22.160 --> 0:21:25.320 And you know this more than anybody else in this country. 0:21:25.400 --> 0:21:28.000 But DC has been on a trajectory of more and 0:21:28.040 --> 0:21:32.200 more and more and more spending. It's continuous. This bill 0:21:32.280 --> 0:21:36.320 actually delivers the largest deficit reduction in nearly thirty years, 0:21:36.359 --> 0:21:40.200 with one point six trillion in mandatory savings. To put 0:21:40.200 --> 0:21:44.439 that in layman's terms, it's the largest single reduction in 0:21:44.560 --> 0:21:48.280 spending in Congress's history in terms of the level of 0:21:48.320 --> 0:21:52.000 mandatory spending that this bill actually cuts. So that is astonishing. 0:21:52.240 --> 0:21:54.399 And I don't think that no tax on tips, or 0:21:54.440 --> 0:21:59.119 no tax on overtime, or things like saving costs for 0:21:59.240 --> 0:22:02.000 seniors are elements that would be considered pork. You know, 0:22:02.119 --> 0:22:06.680 pork is bringing something back for enriching that wealthiest one 0:22:06.760 --> 0:22:09.960 percent of people in this country. And that is something 0:22:10.000 --> 0:22:12.639 that the bill Back Better Bill did. That bill was 0:22:12.760 --> 0:22:16.280 riddled with special interest savings. I don't understand how this 0:22:16.400 --> 0:22:21.040 bill something like finishing the President's border wall keeping Americans safe, 0:22:21.119 --> 0:22:24.160 I don't understand how that's pork. I don't understand how 0:22:24.280 --> 0:22:27.840 this bill protects medicaid for Americans who truly need it. 0:22:28.320 --> 0:22:30.960