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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: Nicole Malia Takis, Republican from New York, is with us

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Speaker 2: in studio in Washington, and it's great to have you

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Speaker 2: back on Bloomberg TV and radio. Is this a Republican

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Speaker 2: or a Conservative concept? The idea of capping interest rates

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Speaker 2: on credit cards is something that you're comfortable with?

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Speaker 3: Well, I think in general a lot of Republican members,

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Speaker 3: including myself, have expressed concerns with any type of price controls. Right,

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Speaker 3: that's not something that we generally believe in. We applaud

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Speaker 3: the President for trying to address this issue of affordability,

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Speaker 3: and quite frankly, twenty nine percent is a little bit ridiculous, right,

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Speaker 3: I mean, you know I can go to a loan

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Speaker 3: shark in down the block from in my district and

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Speaker 3: basically get a better deal. The issue, I think is no,

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Speaker 3: and of course we do just joking, but but the

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Speaker 3: reality is is that, you know, how can we address this?

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Speaker 3: I actually was speaking to somebody who represents a credit

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Speaker 3: union the other day and they are capped at eighteen percent.

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Speaker 3: That so maybe maybe eighteen percent should be more of

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Speaker 3: what we're looking at for a one year to kind

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Speaker 3: of bring it in par but I think this is

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Speaker 3: going to be a real big discussion on Capitol Hill

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Speaker 3: because I can tell you I was remember the Main

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Speaker 3: Street Caucus, which there's more center right. Members of our conference,

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Speaker 3: a lot of them have expressed concerns about this in

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Speaker 3: our last meeting, which took place on Monday, and so

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Speaker 3: I do believe that this is really really gonna be

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Speaker 3: something that he's going to get a lot of opposition

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Speaker 3: to on the Hill.

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Speaker 1: This falls into the whole affordability category.

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Speaker 2: You can come at this from a lot of different ways,

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Speaker 2: whether it's housing, whether it's pharmaceuticals. Obamacare subsidies is one

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Speaker 2: that we have been talking about a lot. And as

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Speaker 2: the Senate prepares to go home today, there are some

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Speaker 2: saying that this Bernie Moreno bill is going nowhere, that

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Speaker 2: it's time for a new plan, open enrollment is closing.

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Speaker 1: Where are we in this debate?

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Speaker 3: Yeah, Look, I think that the President just a little

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Speaker 3: while ago came out with his Great Healthcare Plan and

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Speaker 3: we're currently reviewing that, and it does hit on a

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Speaker 3: lot of the points. I mean, I think one of

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Speaker 3: the big issues where we see some opportunity is pharmaceuticals, right,

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Speaker 3: he's proposed his most favored nation. He wants to pay

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Speaker 3: Americans to pay the same price that many other countries

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Speaker 3: are paying. Why are we subsidizing the research and on

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Speaker 3: top of it paying the highest prices. So he has

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Speaker 3: a point with that, But I think the bigger issue

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Speaker 3: is PBM reform if we want to rein in those

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Speaker 3: PBMs that are those middlemen between the insurance companies and

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Speaker 3: the pharmacies, and in some cases is vertical integration where

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Speaker 3: the insurance company is the PBM and the pharmacy, and

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Speaker 3: that is I think a real problem because we're seeing

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Speaker 3: them put small moment pop pharmacies out of business. They're

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Speaker 3: dictating what their competitors are making, and they are have

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Speaker 3: no transparency in terms of, you know, what's going on

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Speaker 3: in the middle in between phase and how much they're profiting.

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Speaker 3: So in fact, our committee next week, Ways and Means

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Speaker 3: is going to be having these health insurance executives that

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Speaker 3: do also own these PBMs come before us and the questions.

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Speaker 3: It's going to be interesting, especially when we ask them,

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Speaker 3: you know about the two hundred and thirty percent increase

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Speaker 3: in profits and the premiums increasing at the same time

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Speaker 3: despite those taxpayer subsidies. That's going to be a big topic,

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Speaker 3: I think in the next couple of weeks, and we'll

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Speaker 3: see where that goes. But I'm hopeful that we're still

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Speaker 3: going to get something done to bipartisan way, if not

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Speaker 3: through reconciliation. What the President proposed today could be done

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Speaker 3: through the reconciliation process, which means only Republicans are needed

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Speaker 3: to pass this.

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Speaker 1: Wow. Interesting, So reconciliation two point zero is real for you?

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Speaker 1: I think it's a possibility.

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Speaker 3: I think, look, our margin keeps getting slimmer and slimmer,

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Speaker 3: but I think that's very well possible. Maybe as it

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Speaker 3: relates to healthcare and housing. There's a lot of discussion

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Speaker 3: surrounding housing and affordability there.

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Speaker 1: I think.

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Speaker 3: I think one of the biggest things we also need

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Speaker 3: to do, and I think as a really to credit

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Speaker 3: card companies, financial literacy is so important, right teaching young

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Speaker 3: people about what it means to take on debt and

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Speaker 3: that you know what's behind the actual dollar. And I

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Speaker 3: think that that's something we need to get back to

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Speaker 3: the basics. In our education system.

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Speaker 1: You need to get a Bloomberg terminal in every classroom.

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Speaker 2: I didn't really say that, I want to ask you

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Speaker 2: about immigration because the conversation that we had so frequently

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Speaker 2: throughout the campaign has evolved. Following the Ice raids, we

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Speaker 2: saw the deadly shooting in Minneapolis.

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Speaker 1: You can't wake up.

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Speaker 2: In the morning without the doom scroll on your phone

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Speaker 2: and seeing somebody pull out of a car, pulled out

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Speaker 2: of their home. President actually, if you go back and

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Speaker 2: listen to his rhetoric on the campaign trail actually set

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Speaker 2: in an interview, this could be difficult for some people

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Speaker 2: to see.

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Speaker 1: Is this what you expected?

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Speaker 2: Look?

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Speaker 3: I think I think what we really wanted and needed,

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Speaker 3: particularly my district, was the President to wance secure the border,

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Speaker 3: which he's done. We now zero crossings and number two

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Speaker 3: deport the criminals, right, and I think that in many

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Speaker 3: ways they've been very successful. We are seeing thousands of

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Speaker 3: criminals that have committed real serious crimes deported. Those migrant

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Speaker 3: shelters that were popping up all over New York City

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Speaker 3: being funded by the taxpayer are now closed. But we

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Speaker 3: also see that there are areas where they've gone too far.

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Speaker 3: And we've had a real discussion about this with the

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Speaker 3: Speaker and with the White House because we want to

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Speaker 3: see some type of balance here. And I think that's

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Speaker 3: what the American people want. So you secured the border,

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Speaker 3: you're deporting the criminals. But when it comes to these raids,

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Speaker 3: I think they are problematic. But I think the other

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Speaker 3: issue is that the municipalities are not cooperating to deport

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Speaker 3: those criminals. So if they're not turning over these people,

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Speaker 3: which in New York City recently there was an article

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Speaker 3: saying seven thousand individuals, including murderers and rapists, were released

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Speaker 3: back onto the street instead of turned over to ice.

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Speaker 3: And so when you have a situation where the local

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Speaker 3: government is not cooperating to enforce the laws of our nation,

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Speaker 3: these raids happen because now they've got to go in

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Speaker 3: there and find those criminals. And the problem is you're

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Speaker 3: putting public at risk, you're putting those officers at risk.

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Speaker 3: And so we really do need to see a cooperation

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Speaker 3: in some common ground. They're going to focus on those criminals,

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Speaker 3: but we need these local governments to cooperate with us.

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Speaker 3: And then the second part of this is obviously immigration reform.

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Speaker 3: You know, there's a group of US Hispanic Republicans who

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Speaker 3: met with the Speaker recently. We've been also pushing for

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Speaker 3: a meeting with the President himself to talk about the

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Speaker 3: need for immigration reform. I represent a district where we

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Speaker 3: have a very diverse population and even you know this

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Speaker 3: Ukrainian parole program that's now when people have to renew

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Speaker 3: for that, it's taking a very long time. And these

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Speaker 3: people are here legally and working and they end up

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Speaker 3: losing their jobs because they can't get their parole renewed.

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Speaker 3: And we're seeing the same thing with work authorizations and visas.

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Speaker 3: People who are here doing the right thing, follow the rules,

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Speaker 3: they're working hard, they're paying taxes, and you know what,

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Speaker 3: they lose their legal status and then they lose their job.

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Speaker 3: And fortunately, we need to figure out a system that

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Speaker 3: improves that and also gives more employers opportunities to hire

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Speaker 3: foreign workers for jobs that they cannot fill with Americans.

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Speaker 2: Well, that was a comprehensive answer, and I only have

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Speaker 2: a minute left. I want to just see your thought

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Speaker 2: on the discord over these ice raids impacting the budget

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Speaker 2: for DHS.

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Speaker 1: Could this hold up funding at the end of the month.

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Speaker 3: Quite frankly, I think the Democrats are playing politics here

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Speaker 3: with this. I think that first of all, we just

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Speaker 3: gave billions of dollars to our ice to be able

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Speaker 3: to carry out these deportations in the Reconciliation Bill where

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Speaker 3: you're going to see some impact if they choose to

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Speaker 3: take this route. Coast Guard, for example, is going to

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Speaker 3: get hurt. These are serious other federal law enforcement. They're

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Speaker 3: the ones that are going to get impacted. Counter terrorism, cybersecurity,

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Speaker 3: our coastline, those are the areas we're gonna see some

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Speaker 3: impact if they don't work with us to get the

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Speaker 3: job done and fund the government