1 00:00:00,720 --> 00:00:02,920 Speaker 1: And this should have been done by Biden years ago. 2 00:00:03,000 --> 00:00:04,960 Speaker 1: This should have never been allowed to happen. I know 3 00:00:05,000 --> 00:00:08,399 Speaker 1: he's a friend of yours, He's a friend of CNN. 4 00:00:08,480 --> 00:00:12,840 Speaker 1: That's why nobody watches CNN anymore because they have no credibility. 5 00:00:12,840 --> 00:00:16,360 Speaker 2: Who else? Yes, you're listening to the forty seven Morning 6 00:00:16,440 --> 00:00:18,119 Speaker 2: Update with Ben Ferguson. 7 00:00:18,239 --> 00:00:20,920 Speaker 3: Well, happy Friday morning, you made it to the weekend. 8 00:00:21,000 --> 00:00:23,720 Speaker 3: Ben Ferguson with you, and here are the big stories 9 00:00:23,760 --> 00:00:27,200 Speaker 3: we're covering today on the forty seven Morning Update. First up, 10 00:00:27,320 --> 00:00:30,600 Speaker 3: Democrats are losing their mind as Elon Musk and his 11 00:00:30,680 --> 00:00:34,360 Speaker 3: team have now gained more access to a total of 12 00:00:34,520 --> 00:00:36,560 Speaker 3: fifteen government agencies. 13 00:00:37,080 --> 00:00:39,280 Speaker 4: What are they fighting? I'll have it for you in 14 00:00:39,400 --> 00:00:39,960 Speaker 4: just a moment. 15 00:00:40,200 --> 00:00:43,320 Speaker 3: Democrats also trying to figure out how they are going 16 00:00:43,360 --> 00:00:45,560 Speaker 3: to fight back against Donald Trump. 17 00:00:45,640 --> 00:00:46,880 Speaker 4: And in story number. 18 00:00:46,600 --> 00:00:50,199 Speaker 3: Two, elam Omar goes on National TV to say that 19 00:00:50,240 --> 00:00:53,599 Speaker 3: Donald Trump is in essence a dictator and a tyrant 20 00:00:53,720 --> 00:00:56,280 Speaker 3: when he's just been on the job for three weeks. 21 00:00:56,480 --> 00:00:59,840 Speaker 3: And finally, we have the list of the likely tax 22 00:01:00,360 --> 00:01:02,840 Speaker 3: that could save you and your family a ton of 23 00:01:02,880 --> 00:01:06,560 Speaker 3: money that Donald Trump wants in the Reconciliation Bill, will 24 00:01:06,560 --> 00:01:09,399 Speaker 3: have those details as well. It's the forty seven Morning 25 00:01:09,480 --> 00:01:11,360 Speaker 3: Update and it starts right now. 26 00:01:11,280 --> 00:01:12,400 Speaker 2: Story number one. 27 00:01:12,480 --> 00:01:15,080 Speaker 3: If there's one thing that Donald Trump has done that 28 00:01:15,160 --> 00:01:18,160 Speaker 3: has really made the left angry, it's the fact that 29 00:01:18,200 --> 00:01:21,840 Speaker 3: he's exposing the waste of fraud and the good old 30 00:01:21,880 --> 00:01:24,959 Speaker 3: abuse in the United States government. We're also finding out 31 00:01:24,959 --> 00:01:27,720 Speaker 3: each and every day just how bad things have gotten. 32 00:01:27,959 --> 00:01:30,520 Speaker 3: And now it seems clear that Donald Trump is saying 33 00:01:30,560 --> 00:01:31,759 Speaker 3: to Elon Musk and his. 34 00:01:31,680 --> 00:01:33,880 Speaker 4: Team, go find it all. 35 00:01:34,520 --> 00:01:39,720 Speaker 3: Elon Musk and his team have now swept into fifteen agencies, 36 00:01:39,920 --> 00:01:40,360 Speaker 3: and this. 37 00:01:40,280 --> 00:01:40,840 Speaker 4: Is what we know. 38 00:01:41,640 --> 00:01:45,240 Speaker 3: Staffers and allies of Musk and his service are well 39 00:01:45,319 --> 00:01:50,160 Speaker 3: fanning out across Washington in the last week, especially seeking 40 00:01:50,200 --> 00:01:54,680 Speaker 3: access to data and disrupting operations in at least fifteen 41 00:01:54,720 --> 00:02:00,880 Speaker 3: government agencies in pursuit of dramatically smaller federal government. DOGE, 42 00:02:00,920 --> 00:02:03,600 Speaker 3: which you know stands for the Department of Government Efficiency, 43 00:02:04,000 --> 00:02:07,000 Speaker 3: has not disclosed the names of its staff members, but 44 00:02:07,120 --> 00:02:10,240 Speaker 3: the Washington Post is trying to do a let's out 45 00:02:10,280 --> 00:02:13,800 Speaker 3: you list. They've identified now more than thirty people working 46 00:02:13,880 --> 00:02:18,320 Speaker 3: for closely with by examining the internal directories. They claim 47 00:02:18,320 --> 00:02:23,960 Speaker 3: a multiple agencies and interviewing numerous federal workers, virtually all 48 00:02:24,040 --> 00:02:28,480 Speaker 3: of whom spoke on condition of eminemity to fear for quote, 49 00:02:28,520 --> 00:02:32,320 Speaker 3: major retaliation. Now, this is when you know that Elon 50 00:02:32,440 --> 00:02:35,520 Speaker 3: Musk is getting somewhere in Donald Trump. When you have 51 00:02:35,800 --> 00:02:39,440 Speaker 3: this many people inside the government that are trying to 52 00:02:39,639 --> 00:02:43,680 Speaker 3: undermine the people that are working with Doge, They're hoping 53 00:02:43,720 --> 00:02:45,840 Speaker 3: that they can get them in trouble or find a 54 00:02:45,880 --> 00:02:48,840 Speaker 3: way to get them fired. Now, about half of those 55 00:02:48,880 --> 00:02:52,919 Speaker 3: identified have ties to Musk or his companies. Why, well, 56 00:02:52,960 --> 00:02:55,240 Speaker 3: these are clearly the people that he trusts with his 57 00:02:55,320 --> 00:02:59,519 Speaker 3: companies and also people well that operate at another level 58 00:02:59,520 --> 00:03:03,760 Speaker 3: when it comes to intellect. Now, among those are young people, 59 00:03:03,880 --> 00:03:06,359 Speaker 3: and the reality is many on the Democratic Party are 60 00:03:06,480 --> 00:03:09,160 Speaker 3: angry at the fact that many of these people working 61 00:03:09,280 --> 00:03:13,440 Speaker 3: for Elon Musk are young in their twenties. Another way 62 00:03:13,440 --> 00:03:16,920 Speaker 3: of putting it, it's clear age discrimination. They don't like 63 00:03:17,000 --> 00:03:19,919 Speaker 3: the fact that young people are coming in and looking 64 00:03:19,960 --> 00:03:23,560 Speaker 3: at ways to cost cut or looking for the waste 65 00:03:23,760 --> 00:03:27,280 Speaker 3: fraud and abuse and exposing it the way that Elon 66 00:03:27,400 --> 00:03:31,040 Speaker 3: Musk is on X. What's also very interesting about what's 67 00:03:31,080 --> 00:03:34,280 Speaker 3: happening now is much of the waste fraud and abuse 68 00:03:34,360 --> 00:03:38,920 Speaker 3: is being exposed instantly because Elon Musk will get the information, 69 00:03:39,240 --> 00:03:42,040 Speaker 3: then he checks and verifies it, and then he's putting 70 00:03:42,080 --> 00:03:45,400 Speaker 3: it out on social media, so that you know, before 71 00:03:45,400 --> 00:03:48,400 Speaker 3: the media can protect or stop the story from ever 72 00:03:48,440 --> 00:03:52,440 Speaker 3: being written. He's going around the media now. Donald Trump 73 00:03:52,520 --> 00:03:55,800 Speaker 3: was asked in an interview during the halftime of the 74 00:03:55,840 --> 00:03:59,960 Speaker 3: Super Bowl on Sunday night about if he trusts Elon Musk, 75 00:04:00,080 --> 00:04:02,800 Speaker 3: because again, what is the left doing trying to tell 76 00:04:02,800 --> 00:04:05,440 Speaker 3: you that Elon Musk and his staff cannot be trusted. 77 00:04:05,880 --> 00:04:08,040 Speaker 3: What did Donald Trump say, Take a listen. 78 00:04:08,280 --> 00:04:10,240 Speaker 1: I don't know if it's kickbacks or what's going on, 79 00:04:10,320 --> 00:04:13,080 Speaker 1: but the people, look, I ran on this, and the 80 00:04:13,120 --> 00:04:15,600 Speaker 1: people want me to find it. And I've had a 81 00:04:15,640 --> 00:04:18,640 Speaker 1: great help with Elon Musk, who's been terrific. 82 00:04:19,000 --> 00:04:20,640 Speaker 5: I'm on you say you trust him? 83 00:04:20,720 --> 00:04:23,760 Speaker 1: Trust Elon. Oh, he's not gaining anything. In fact, I 84 00:04:23,800 --> 00:04:25,560 Speaker 1: wonder how he can devote the time to it. He's 85 00:04:25,560 --> 00:04:27,800 Speaker 1: so into it. But I told him to do that. 86 00:04:27,880 --> 00:04:31,360 Speaker 1: Then I'm going to tell him very soon, like maybe 87 00:04:31,480 --> 00:04:34,640 Speaker 1: in twenty four hours, to go check the Department of Education. 88 00:04:34,880 --> 00:04:36,800 Speaker 1: He's going to find the same thing. Then I'm going 89 00:04:36,839 --> 00:04:39,440 Speaker 1: to go to the military. Let's check the military. We're 90 00:04:39,440 --> 00:04:42,960 Speaker 1: going to find billions, hundreds of billions of dollars of 91 00:04:43,000 --> 00:04:47,120 Speaker 1: fraud and abuse. And you know, the people elected me on. 92 00:04:47,040 --> 00:04:51,279 Speaker 3: That hundreds of billions of dollars of fraud and abuse. 93 00:04:51,520 --> 00:04:54,000 Speaker 3: It was very clear the President was saying to you, 94 00:04:54,120 --> 00:04:56,880 Speaker 3: the American people, you told me what the mandate was. 95 00:04:56,960 --> 00:04:59,440 Speaker 3: You wanted me to cut the size of government. You 96 00:04:59,440 --> 00:05:01,320 Speaker 3: wanted me to me make sure that they weren't wasting 97 00:05:01,360 --> 00:05:04,720 Speaker 3: your tax dollars. You wanted to make sure that your 98 00:05:04,839 --> 00:05:09,200 Speaker 3: money was going to America first policies. That is exactly 99 00:05:09,240 --> 00:05:12,159 Speaker 3: what Donald Trump is delivering on, and he's expanding the 100 00:05:12,279 --> 00:05:16,280 Speaker 3: scope of where he's looking for all of the government waste, 101 00:05:16,440 --> 00:05:17,520 Speaker 3: fraud and abuse. 102 00:05:17,920 --> 00:05:18,920 Speaker 2: Now story number two. 103 00:05:19,240 --> 00:05:20,200 Speaker 4: It is very. 104 00:05:20,080 --> 00:05:23,360 Speaker 3: Clear Democrats are trying to find their footing and how 105 00:05:23,360 --> 00:05:25,480 Speaker 3: they're going to deal with all the successes over the 106 00:05:25,560 --> 00:05:29,440 Speaker 3: last three weeks of Donald Trump's agenda. They understand now 107 00:05:29,480 --> 00:05:31,720 Speaker 3: that they've got to come up with some plan to 108 00:05:32,000 --> 00:05:35,280 Speaker 3: undermine him. The media is obviously on board to help 109 00:05:35,360 --> 00:05:38,720 Speaker 3: with that. Alam Omar has come out just days after 110 00:05:38,760 --> 00:05:42,880 Speaker 3: Democrats already called for a third impeachment of Donald Trump 111 00:05:42,880 --> 00:05:45,240 Speaker 3: from the floor of the House to say that it's 112 00:05:45,360 --> 00:05:48,120 Speaker 3: very clear that Donald Trump has decided he will not 113 00:05:48,240 --> 00:05:51,560 Speaker 3: abide their claiming by the Constitution. They're now saying he 114 00:05:51,640 --> 00:05:55,560 Speaker 3: is a dictator and a tyrant. Well representative. Alam Omar 115 00:05:55,839 --> 00:05:59,119 Speaker 3: on Sunday on CBS Facination had a few other things 116 00:05:59,120 --> 00:06:01,679 Speaker 3: to say about Donald Trump. This is their game plan 117 00:06:01,839 --> 00:06:04,640 Speaker 3: of how they're going to undermine him. Listen carefully to 118 00:06:04,680 --> 00:06:05,840 Speaker 3: the word she uses. 119 00:06:06,080 --> 00:06:10,040 Speaker 5: We're joined now by Democratic Congressman Ilhan Omar of Minnesota. 120 00:06:10,080 --> 00:06:13,040 Speaker 5: Good to have you here. You have spoken quite a 121 00:06:13,080 --> 00:06:16,360 Speaker 5: bit this week about what USAID meant in your life, 122 00:06:16,640 --> 00:06:19,600 Speaker 5: particularly when you were living in a refugee camp for 123 00:06:19,640 --> 00:06:23,960 Speaker 5: four years and USAID you talked about helping to keep 124 00:06:24,000 --> 00:06:27,000 Speaker 5: you alive. We know this week a federal judge will 125 00:06:27,040 --> 00:06:29,719 Speaker 5: come to some kind of hearing and decision perhaps on 126 00:06:29,760 --> 00:06:33,440 Speaker 5: what happens to all those government workers. Are the courts 127 00:06:33,520 --> 00:06:35,480 Speaker 5: the main line of defense here? 128 00:06:36,200 --> 00:06:39,640 Speaker 6: Yeah, I mean, what we are witnessing is a constitutional crisis. 129 00:06:39,720 --> 00:06:43,760 Speaker 6: We are seeing an executive branch that has decided that 130 00:06:43,839 --> 00:06:46,440 Speaker 6: they are no longer going to abide by the Constitution 131 00:06:46,720 --> 00:06:52,440 Speaker 6: in honoring Congress's role in the creation of the agencies, 132 00:06:52,720 --> 00:06:57,840 Speaker 6: in their role in deciding where money is allocated. And 133 00:06:57,920 --> 00:07:00,880 Speaker 6: so the only week course we have have since our 134 00:07:00,920 --> 00:07:07,640 Speaker 6: congressional leadership, the Speaker will not stop the executive is 135 00:07:07,760 --> 00:07:11,440 Speaker 6: through the judiciary. And this is you know, when you 136 00:07:11,560 --> 00:07:14,280 Speaker 6: think about the checks and balances that we have, the 137 00:07:14,320 --> 00:07:17,960 Speaker 6: courts are the only recourse we have at the moment, 138 00:07:18,280 --> 00:07:21,080 Speaker 6: and we have seen and when we talk about the 139 00:07:21,120 --> 00:07:24,080 Speaker 6: illegality of what the executive is doing, we have seen 140 00:07:24,320 --> 00:07:28,280 Speaker 6: every single executive order that has been challenged in the 141 00:07:28,280 --> 00:07:33,360 Speaker 6: courts was found to be illegal. And that I think 142 00:07:33,440 --> 00:07:37,760 Speaker 6: should give faith to the American people that our courts 143 00:07:37,920 --> 00:07:41,520 Speaker 6: are working as they should. The checks and balances are working. 144 00:07:41,800 --> 00:07:44,680 Speaker 6: What is not working is the way that the executive 145 00:07:44,880 --> 00:07:48,480 Speaker 6: is behaving and the congressional leadership that is failing the 146 00:07:48,520 --> 00:07:49,200 Speaker 6: American people. 147 00:07:49,400 --> 00:07:51,520 Speaker 5: Well, some of these court cases are ongoing. 148 00:07:51,600 --> 00:07:54,400 Speaker 3: So, by the way, let's just be clear over what 149 00:07:54,440 --> 00:07:57,000 Speaker 3: she just said. She just claimed that the court systems 150 00:07:57,000 --> 00:07:59,760 Speaker 3: had stopped Donald Trump on every executive order. That is 151 00:07:59,800 --> 00:08:02,400 Speaker 3: a and as you could even hear there, and I'm 152 00:08:02,400 --> 00:08:04,360 Speaker 3: sure this was hard for them to do at CBS 153 00:08:04,400 --> 00:08:07,400 Speaker 3: Face the Nation, they even tried to somewhat correct her 154 00:08:07,440 --> 00:08:09,840 Speaker 3: and say, well, these are ongoing He's only been present 155 00:08:09,880 --> 00:08:12,280 Speaker 3: for three weeks. How can you make such an egregious claim. 156 00:08:12,600 --> 00:08:15,119 Speaker 3: You also have to remember who the Democrats are putting 157 00:08:15,120 --> 00:08:17,840 Speaker 3: out on TV. Face The Democratic Party now has become 158 00:08:17,880 --> 00:08:21,160 Speaker 3: so radical they decide to put a congresswoman out there 159 00:08:21,520 --> 00:08:24,960 Speaker 3: as their faced this week on Face the Nation, a 160 00:08:25,040 --> 00:08:28,320 Speaker 3: woman that referred to the nine to eleven terrorists as 161 00:08:28,320 --> 00:08:31,800 Speaker 3: some people that did some things. We also are finding 162 00:08:31,800 --> 00:08:35,360 Speaker 3: out that the Democrats are putting different extremists out there 163 00:08:35,679 --> 00:08:39,360 Speaker 3: to try to find out a way to undermine the president. 164 00:08:39,440 --> 00:08:42,800 Speaker 3: You notice, in the beginning of that interview, Margaret Brennan 165 00:08:42,920 --> 00:08:46,439 Speaker 3: is talking about we know that USAID meant so much 166 00:08:46,559 --> 00:08:49,200 Speaker 3: to you and your life. Why did she say that, Well, 167 00:08:49,240 --> 00:08:52,880 Speaker 3: it's very clear they're trying to cover for the abuse, waste, 168 00:08:53,000 --> 00:08:56,720 Speaker 3: the fraud coming from USAID and even the funneling of 169 00:08:56,760 --> 00:09:00,600 Speaker 3: money to actual terrorists. So what better person on TV 170 00:09:00,640 --> 00:09:03,320 Speaker 3: to defend the program then a woman that refers to 171 00:09:03,360 --> 00:09:06,800 Speaker 3: the nine to eleven hijackers as some people that did 172 00:09:06,880 --> 00:09:10,400 Speaker 3: some things. Now Omar was not done there. She also 173 00:09:10,520 --> 00:09:13,199 Speaker 3: went on to say this, I mean, what we're witnessing 174 00:09:13,360 --> 00:09:17,000 Speaker 3: is a constitutional crisis. We are seeing executive brands that 175 00:09:17,040 --> 00:09:19,320 Speaker 3: has decided they no longer are going to abide by 176 00:09:19,360 --> 00:09:23,120 Speaker 3: the Constitution and honoring Congress's role in the creation of 177 00:09:23,160 --> 00:09:25,640 Speaker 3: the agencies and their role and in deciding where money 178 00:09:25,679 --> 00:09:26,600 Speaker 3: is allocated. 179 00:09:26,840 --> 00:09:28,559 Speaker 4: So, now, what does she say? 180 00:09:29,000 --> 00:09:31,920 Speaker 3: You have a president of the United States of America 181 00:09:32,200 --> 00:09:34,760 Speaker 3: that has gone rogue. I think it's pretty clear the 182 00:09:34,840 --> 00:09:38,079 Speaker 3: Democrats are now trying anything they can to get their footing, 183 00:09:38,360 --> 00:09:41,839 Speaker 3: whether it's impeaching Donald Trump or saying he's a dictator 184 00:09:42,000 --> 00:09:44,880 Speaker 3: or a tyrant or someone not abiding by the Constitution, 185 00:09:45,200 --> 00:09:48,960 Speaker 3: all because Democrats don't know what to do because there's 186 00:09:49,000 --> 00:09:50,960 Speaker 3: so much winning going on in Washington. 187 00:09:51,080 --> 00:09:53,160 Speaker 2: And lastly, story number three, I have. 188 00:09:53,200 --> 00:09:55,760 Speaker 3: An important list for you today and is the list 189 00:09:55,880 --> 00:09:59,320 Speaker 3: of the likely tax cuts that now Donald Trump wants 190 00:09:59,320 --> 00:10:02,880 Speaker 3: in the Reckon Aciliation Bill. What this means for everyday 191 00:10:02,920 --> 00:10:06,760 Speaker 3: Americans is real savings for you. Now the plan has 192 00:10:06,800 --> 00:10:11,000 Speaker 3: become even more ambitious, mainly because of all the well 193 00:10:11,040 --> 00:10:14,360 Speaker 3: abuse of your tax dollars that the Trump administration has 194 00:10:14,480 --> 00:10:17,800 Speaker 3: found in the last three weeks. The Press Secretary Carolin 195 00:10:17,880 --> 00:10:21,080 Speaker 3: Levitt came out to explain just one of the abuses 196 00:10:21,120 --> 00:10:23,640 Speaker 3: of your tax dollars being used against you, and it 197 00:10:23,720 --> 00:10:26,120 Speaker 3: was when the money they found was going to media 198 00:10:26,200 --> 00:10:30,120 Speaker 3: outlets including Politico. This is what has spun the President 199 00:10:30,200 --> 00:10:32,520 Speaker 3: up to give more of your money back to you. 200 00:10:33,080 --> 00:10:35,960 Speaker 7: So upon coming out here to the briefing room, I 201 00:10:36,240 --> 00:10:41,000 Speaker 7: was made aware of the funding from USAID to media 202 00:10:41,000 --> 00:10:43,760 Speaker 7: outlets including Politico, who I know has a seat in 203 00:10:43,800 --> 00:10:47,440 Speaker 7: this room, and I can confirm that the more than 204 00:10:47,480 --> 00:10:50,960 Speaker 7: eight million taxpayer dollars that have gone to essentially subsidizing 205 00:10:51,000 --> 00:10:54,560 Speaker 7: subscriptions to Politico, the American taxpayer's dying will no longer 206 00:10:54,600 --> 00:10:57,439 Speaker 7: be happening. The DOGE team is working on canceling those 207 00:10:57,480 --> 00:10:58,319 Speaker 7: payments now. 208 00:10:58,360 --> 00:11:00,920 Speaker 3: So when they find the money and then they decide 209 00:11:00,920 --> 00:11:04,520 Speaker 3: to cancel these types of payments, the question many asked was, well, 210 00:11:04,520 --> 00:11:07,360 Speaker 3: what's going to happen next? Well, it now is clear 211 00:11:07,520 --> 00:11:09,600 Speaker 3: the president saying he wants you to keep more of 212 00:11:09,640 --> 00:11:11,760 Speaker 3: your money and stop giving so much of it to 213 00:11:12,200 --> 00:11:15,920 Speaker 3: the government. President Donald Trump and Congressional Republicans are in 214 00:11:16,000 --> 00:11:20,480 Speaker 3: deep negotiations and went all weekend long on a tax 215 00:11:20,559 --> 00:11:25,280 Speaker 3: package that a budget watchdog group estimated would actually save 216 00:11:25,679 --> 00:11:29,800 Speaker 3: you five to eleven point two trillion. 217 00:11:29,559 --> 00:11:31,160 Speaker 4: Over the next decade. 218 00:11:31,480 --> 00:11:34,200 Speaker 3: Now, if you read the media's explanation of that, they'll 219 00:11:34,240 --> 00:11:37,079 Speaker 3: tell you it's going to cost you between five trillion 220 00:11:37,120 --> 00:11:39,640 Speaker 3: to eleven point two trillion. No, no, that's how much 221 00:11:39,760 --> 00:11:42,640 Speaker 3: the government will not get from you. A series of 222 00:11:42,679 --> 00:11:46,040 Speaker 3: tax policy changes that Trump's supports appear to have broad 223 00:11:46,080 --> 00:11:50,800 Speaker 3: support among Republicans in Congress. The Committee for a Responsible 224 00:11:50,840 --> 00:11:53,959 Speaker 3: Federal Budget has released a study that projects the cost 225 00:11:54,040 --> 00:11:57,040 Speaker 3: of each item over a ten year period is going 226 00:11:57,120 --> 00:12:00,960 Speaker 3: to be huge for you, the American people. Now on 227 00:12:01,000 --> 00:12:04,000 Speaker 3: that list, at the top of it was one big thing, 228 00:12:04,120 --> 00:12:07,199 Speaker 3: eliminating taxes on tips. This was a huge promise from 229 00:12:07,240 --> 00:12:10,080 Speaker 3: Donald Trump during the campaign, something he said he would 230 00:12:10,080 --> 00:12:12,079 Speaker 3: work on as soon as he got into the White House. 231 00:12:12,160 --> 00:12:15,360 Speaker 3: It would result in a hundred billion to five hundred 232 00:12:15,360 --> 00:12:19,120 Speaker 3: and fifty billion reduction in federal tax revenue, meaning one 233 00:12:19,200 --> 00:12:22,800 Speaker 3: hundred to five hundred and fifty billion of taxes that 234 00:12:22,880 --> 00:12:25,600 Speaker 3: you wouldn't have to pay to the government. We also 235 00:12:25,720 --> 00:12:29,600 Speaker 3: found out exempting overtime pay from federal taxes would also 236 00:12:29,840 --> 00:12:34,120 Speaker 3: give two hundred and fifty to three trillion back into 237 00:12:34,160 --> 00:12:38,560 Speaker 3: the pockets of American workers. And finally, exempting Social Security 238 00:12:38,559 --> 00:12:42,480 Speaker 3: benefits from federal taxes would now cost between five hundred 239 00:12:42,480 --> 00:12:46,000 Speaker 3: and fifty billion and one point five trillion. That's how 240 00:12:46,040 --> 00:12:48,640 Speaker 3: the government is reporting it to the media as they're 241 00:12:48,640 --> 00:12:50,839 Speaker 3: trying to keep more of your dollars. So what does 242 00:12:50,840 --> 00:12:53,160 Speaker 3: it really mean. It means that Donald Trump and the 243 00:12:53,200 --> 00:12:56,000 Speaker 3: Republicans are wanting you to keep between five hundred and 244 00:12:56,000 --> 00:12:59,240 Speaker 3: fifty billion to one point five trillion that you normally 245 00:12:59,280 --> 00:13:02,240 Speaker 3: would have paid in taxes. We also have been told 246 00:13:02,240 --> 00:13:04,560 Speaker 3: that the present wants to lower taxes for US production 247 00:13:04,640 --> 00:13:07,760 Speaker 3: of certain goods that would save you between one hundred 248 00:13:07,800 --> 00:13:12,000 Speaker 3: to two hundred billion, and reducing tax benefits for stadium 249 00:13:12,080 --> 00:13:16,080 Speaker 3: owners and ending the carried interest loophole. They would also 250 00:13:16,679 --> 00:13:20,960 Speaker 3: save the taxpayers one hundred billion dollars. Now, all of 251 00:13:21,000 --> 00:13:23,600 Speaker 3: this is being put together in one of the biggest 252 00:13:23,640 --> 00:13:26,120 Speaker 3: tax plans we've ever seen. But this is not a 253 00:13:26,120 --> 00:13:28,839 Speaker 3: big tax plan that's going to raise your taxes. It's 254 00:13:28,880 --> 00:13:30,160 Speaker 3: going to go down in history as one of the 255 00:13:30,200 --> 00:13:34,240 Speaker 3: biggest tax cuts in American history. And this is the 256 00:13:34,280 --> 00:13:38,240 Speaker 3: reason why Democrats right now are so terrified of Donald 257 00:13:38,280 --> 00:13:41,800 Speaker 3: Trump and his success, because three weeks in we also 258 00:13:41,880 --> 00:13:45,280 Speaker 3: know that Donald Trump has a new high approval rating, 259 00:13:45,400 --> 00:13:48,840 Speaker 3: meaning the American people are paying attention and the American 260 00:13:48,840 --> 00:13:52,120 Speaker 3: people are in favor of exactly what Donald Trump is doing. 261 00:13:52,280 --> 00:13:54,920 Speaker 2: Thank you for listening to the forty seven Morning Update 262 00:13:55,080 --> 00:13:59,160 Speaker 2: with Ben Ferguson. Please make sure you hit subscribe wherever 263 00:13:59,200 --> 00:14:02,240 Speaker 2: you're listening to the podcast right now and for more 264 00:14:02,280 --> 00:14:06,040 Speaker 2: in depth news, also subscribe to the Ben Ferguson podcast 265 00:14:06,280 --> 00:14:08,080 Speaker 2: and we will see you back here tomorrow