Bannon's War Room - July 02, 2025


Episode 4602： House Takes On The Big Beautiful Deal Episode 4602： House Takes On The Big Beautiful Deal


Episode Stats


Length

52 minutes

Words per minute

180.01445

Word count

9,466

Sentence count

662

Harmful content

Toxicity

13

sentences flagged

Hate speech

23

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Willie Chianne talks about the impact of the $1.3 trillion tax cut bill that passed the Senate and is now heading to President Trump's desk. Will it be enough to get him re-elected in 2020?

Transcript

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Bill cuts Medicaid by $930 billion and another $285 billion in food assistance that SNAP
00:00:08.460 is slashed. It provides some $350 billion for President Trump's border and national security
00:00:14.500 agenda and would increase the nation's debt limit by $5 trillion. A number of other provisions that
00:00:20.760 reflect Republican priorities also are included here. Analysis by the Congressional Budget Office
00:00:25.440 found the tax cuts would give the wealthiest households a $12,000 annual increase but would
00:00:32.580 cost the poorest people $1,600 a year. The CBO also estimates 11.8 million more Americans
00:00:43.160 would be uninsured by 2034 if the bill becomes law and that 3 million more will not qualify for food
00:00:51.420 stamps also known as those SNAP benefits. But who does Elon Musk represent? He came into the
00:00:58.200 administration with an idea that you did the math on it did not make any sense which was that Doge
00:01:03.420 was going to find enough savings to eliminate the debt at some point that you could do this tax cut
00:01:09.240 package and you'd find enough waste and fraud to make it pay for itself. I was getting emails
00:01:14.620 fundraising emails from Republicans as recently as yesterday asking if I want my $5,000 Doge dividend
00:01:20.280 check. Another idea that Elon endorsed saying that there would be so many savings you were going to
00:01:24.460 get for you the American people are going to get free money from the process. That didn't happen.
00:01:29.000 The debt limit is being increased. He does care about that. Will he spend money against Republicans
00:01:33.500 from the right as he's threatening? He might but I think he represents a lot of people who
00:01:39.340 remembered the first Trump term in 2024 and remembered there were tax cuts and there were
00:01:43.840 stimulus spending and there was a debt but maybe it was worse under Biden. And the reality of the Trump
00:01:49.440 record this time is much more austere. He is yes keeping the tax cuts but people are going to get
00:01:55.720 fewer benefits. They're not getting stimulus checks. I keep pointing to these fundraising emails. I think
00:01:59.800 it matters when people are asking Republicans to give the party more money. They are suggesting
00:02:04.820 there's going to be free stuff coming for them down the line and there simply isn't. So Musk being
00:02:08.860 part of that whole process of spinning that Trump is going to have no trade-offs and just benefits in
00:02:13.780 this term. If he's burnt a lot of other people who take him seriously are going to be burnt.
00:02:18.180 That was a long time ago and this is a different Republican Party. You know over the past decade
00:02:23.020 Donald Trump has attracted a lot of culturally conservative former Democrats who are you know
00:02:29.940 fiscally liberal and were never that interested in small government or spending cuts and didn't feel
00:02:36.800 like they were in the game for the kind of tax cuts that came out of Washington. And you know
00:02:41.140 look this bill would eliminate some tax taxes on income from tips taxes on overtime pay. You'd be
00:02:49.040 able to refinance your car and get a you'd be able to finance your car and get a tax deduction if it
00:02:53.500 was American made. But I think the ultimate answer here Willie and this is important I think to
00:02:59.300 understand is there just isn't a constituency for debt reduction. And so on the one hand we can and we
00:03:04.660 should focus on Republicans who call themselves fiscal hawks or anybody who does and then you know
00:03:09.240 won't stand in the way of a bill like this or fight harder let's say to change it. But politicians
00:03:16.800 are in the service business right. Ideology is their approach to solving problems or crafting
00:03:21.340 legislation but they're responsible to the voters because they want to keep their job. Nobody is
00:03:26.000 calling up no Republican voter or few. I'm sure there's a phone booth somewhere where that you know
00:03:31.160 there are three people on the phone but nobody's calling up Republican members of Congress demanding debt
00:03:37.040 reduction demanding smaller government. What they're saying is protect my program where's my tax cut
00:03:42.920 and this this is what voters think about right. The debt is just not something that's front of mind
00:03:49.820 for them. If you poll voters they will of course say the government should live within its means. Everybody
00:03:53.960 thinks that but then when it comes time to make decisions on how to do that everybody's pointing at
00:03:59.500 their neighbors saying he makes more money than me. He can afford it. I need the programs that were
00:04:05.680 promised to me and so politicians in the Republican Party are simply more reflective of that. And in
00:04:12.560 fact one final thing here you know for years before Trump the suburban vote that was a lot more fiscally
00:04:19.860 conservative at least ideologically was a pretty reliable Republican vote and that has really shifted
00:04:26.980 over to the Democratic Party for many of these elections. And so you just have a different coalition at play
00:04:34.200 here and Donald Trump is responsive to his coalition. Now they may not like what they get out of this bill
00:04:39.800 once it's passed and they're experiencing it but I think the feeling from a lot of Republicans is
00:04:45.640 there are a lot of things in here the president ran on. Voters did vote for him. Once we accomplish
00:04:51.280 something not only do we at least have something to run on in the midterm elections but people are
00:04:55.640 going to start to feel the impact of this and the positive will outweigh the negative. The Justice Department
00:05:00.660 is aggressively moving to strip some Americans of their citizenship. NPR reports department leadership
00:05:08.080 is directing its attorneys to pursue denaturalization in cases involving naturalized citizens who commit
00:05:15.200 certain crimes and giving U.S. attorneys wider discretion on when to carry out that move.
00:05:21.420 It's according to a June 11th memo published online. NPR points out the tactic is aimed at U.S. citizens
00:05:28.080 who were not born in the country. According to 2023 figures nearly 25 million immigrants
00:05:34.740 are naturalized citizens. Let's bring in former U.S. attorney and MSNBC legal analyst Joyce Vance.
00:05:41.060 She's a co-host of the Sisters in Law podcast. In her latest piece for Substack Joyce writes about
00:05:46.980 this threat to revoke citizenship. The great fear here is that what's going to go away is this confidence
00:05:52.980 this global confidence in the U.S. that if you lend money to the United States there's going to be all
00:05:58.300 but a guarantee that the U.S. pays you back. And so as we see this kind of spiral and spirals
00:06:02.100 Natasha's laid out seeds of doubt begin to get sown in the minds of investors and governments who don't
00:06:07.800 see the U.S. in the same ways they saw them before. I mean I think that what we're being encouraged to do
00:06:12.360 here is look at all of this in a very short-term way whether it has to do with kind of temporary
00:06:18.260 tax breaks that are in here when it comes to no taxes on tips when it comes to the kind of child
00:06:23.920 tax credit being enlarged a little bit here. Again these are kind of just extended for a couple of
00:06:29.660 years and and really the kind of larger extension of the tax bill is going to have this larger effect
00:06:34.940 that's going to cause all these problems down the line. So you know you mentioned Scott Besson coming
00:06:39.940 into this administration saying the fiscal getting the fiscal house and where was his priority.
00:06:43.360 There was this moment that didn't take place during the campaign but certainly happened during the
00:06:46.760 transition in the early days of this administration where this became an issue the Republicans once
00:06:51.000 again seem to embrace and in a way Elon Musk kind of exemplified that. The rationale for a lot of
00:06:56.900 these cuts was taking a hard look at government and making really difficult choices. Well that of course
00:07:02.000 didn't come to pass in the way that he and his Doge colleagues promised. The cuts that they made were
00:07:06.800 nowhere near the size of what what they promised and I think it kind of cheapened the the promise
00:07:11.560 that they made early on here that there was going to be an administration now in place that's going
00:07:14.460 to take a serious look at these issues. If you look at this legislation by no means is this doing
00:07:18.400 anything to kind of again take a look at the fiscal house estate that it's in and make plans for the
00:07:22.340 future. This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on
00:07:33.840 these people. I got a free shot all these networks lying about the people. The people have had a
00:07:40.680 belly full of it. I know you don't like hearing that. I know you try to do everything in the world
00:07:44.480 to stop that but you're not going to stop it. It's going to happen. And where do people like that go
00:07:48.500 to share the big line? MAGA media. I wish in my soul I wish that any of these people had a
00:07:56.200 conscience. Ask yourself what is my task and what is my purpose? If that answer is to save my country
00:08:03.980 this country will be saved. War Room. Here's your host Stephen K. Bannon.
00:08:10.760 Wednesday to July year of our Lord 2025. Okay what you have now the rule basically got only voted
00:08:25.620 out of committee by one vote seven to six. Norman of South Carolina who's a deficit hawk. Chip Roy
00:08:32.100 obviously a deficit hawk voted no for the Republicans. It's gone to the floor. You would think you would be
00:08:38.560 getting the and they started yesterday at 1 30 and we played a clip of Chip I think asking very good
00:08:45.740 questions on the five o'clock show and in fact at six o'clock we did a panel discussion basically broke
00:08:50.940 it down for the entire hour. That went to I think one o'clock in the morning when they finally had the
00:08:55.460 vote on the rule. Obviously they're trying to quick march this as they should but they've hit a snag.
00:09:02.060 Number one I think they're still minus 100 people that haven't gotten back because of the horrific
00:09:08.060 weather around the imperial capital. More importantly I think there's a pretty substantial
00:09:13.860 group that are even saying now they may vote against the rule. That's a newsflash and not even
00:09:22.620 take it up. I think there's a lot of discontent among a broad swath of people in the house as we've
00:09:31.000 worked this overnight just got to take people's temperatures about changes from the senate bill.
00:09:36.160 Some of the changes for the senate are just not acceptable and this deals with people are
00:09:41.300 concerned about Medicaid for illegal aliens. They want to make sure there's not a ton of loopholes.
00:09:44.920 They want illegal aliens off of Medicaid. Obviously Medicaid is a huge contentious issue. We've got to
00:09:50.580 make sure because of the lack of good jobs and lack of health insurance that the working class in this 0.99
00:09:55.440 country and even the lower middle class are make sure that they've got access to something at the same
00:10:00.340 time. You've got to cut the fraud. You've got to cut these able-bodied folks on there. And now it 1.00
00:10:07.480 doesn't start until December of 2026 when they have to start checking in. It just didn't put enough
00:10:14.580 hammer in the senate bill. And when they say they're throwing people off Medicaid, remember those people
00:10:20.280 are not eligible for Medicaid. They're not throwing anybody off. If you're not eligible, you're not
00:10:25.060 eligible. The eligibility requirements should be stringent. This is a program to help people,
00:10:31.100 particularly since we shipped all the great jobs overseas. But you've got to have rules. And this
00:10:35.580 gets back to the Elon Musk of it all. Elon Musk screwed this administration and screwed the president 0.74
00:10:41.840 as badly as you can. And hey, for all you fanboys out there that were up in my grill, oh, you're so, 0.56
00:10:47.540 why are you so negative? Because I told you he was a total phony and a fraud. 0.98
00:10:51.220 And now we're in a situation, they all depended upon, you know, the Pied Piper. He's the Pied 0.88
00:10:56.340 Piper. They certainly went to the Capitol Hill on the house side. They're all running up to the
00:11:00.360 microphone. Elon, can you please save us? Can you please save us? No. We have to save ourselves.
00:11:05.820 And that's why there's a legitimate, I think, concern about some issues coming from this senate bill
00:11:10.980 that people are going to want to delve into. Now, it's a pretty radical step to vote down the rule.
00:11:17.840 That means the Republicans are saying we don't have our house in order. I also don't want to bring up
00:11:23.260 an unpleasant topic. But Speaker Johnson made a hardcore pledge that to get the votes the first
00:11:34.660 time, because remember, we barely passed this thing in the house. We passed it by the vice
00:11:38.920 president broke the tie yesterday. We essentially had a tie vote in the Senate. The vice president
00:11:42.700 can break a tie. He broke a tie. So we didn't even really get the Republican majority,
00:11:49.080 the 53-47, to vote for this yesterday. Understanding there's tons of rhinos there. That's one of the
00:11:53.740 problems. The house was the same situation. We barely got it passed by a couple of votes. So you
00:11:59.540 can lose very few people. Johnson made an ironclad pledge that we need to hold him to. He told the
00:12:06.940 people in the house to get that vote, that this is the framework that the final bill is going to be.
00:12:12.660 You have to take my word for it. I'm going to hammer it through. And we find out during the
00:12:16.800 senate process, they didn't even keep him in the loop. It was an open secret and then broke in the
00:12:21.260 media. I think even some of his people admitted it. The senate leadership didn't even come back to
00:12:26.160 him, didn't ask his opinion, just going to do what they're going to do, because they're the senate,
00:12:29.620 they're the house of lords. And the house is the house of commons. Didn't even keep him in the loop.
00:12:36.060 And so there are a number of members that are outraged by some of the changes that were made
00:12:41.620 by the senate. And you heard Dave Walsh yesterday. President Trump has been adamant. The green news
00:12:47.360 scam, and this started back years ago in Obama with bailing out all the venture capitalists
00:12:51.580 that put their money into, all democrat and all progressive venture capitalists,
00:12:55.660 to put their money into these Green New Deal scams, decarbonization. It's all a con. It's all 0.96
00:13:01.180 a scam to enrich themselves. And Dave Walsh said yesterday, hey, President Trump has been adamant.
00:13:06.320 It all comes out. It's not only not all out, he thinks it could actually hurt the electrification
00:13:12.740 process and project to get enough electricity to support the data centers for AI, to support
00:13:19.300 a lot of this post-industrial economy, and just the basic manufacturing economy. If you look at
00:13:25.500 everything that's moving back here, the reshoring of the investments, which all gets baked into the
00:13:29.940 2.8% to 3.5% growth, which is we're going to grow our way out of here, of which I might note,
00:13:36.240 and I'll read it when we get back. The president put out a true social day. You know what the
00:13:41.360 headline was? Growth. You heard that somewhere? That's the way this thing's got to be sold.
00:13:47.580 The president went all in. This is about growth. His supply-side tax, his supply-side program here
00:13:52.420 is about economic growth, getting us out of the doldrums, getting us out of 1.5% to 2% growth,
00:13:59.380 1.7%. America doesn't work when the growth is under 2%. President Trump averaged 2.8% in his
00:14:07.500 first three years of his administration before the Chinese Communist Party unleashed a bioweapon on him. 0.96
00:14:12.940 And I hate to say I had to remind the economists at the Treasury Department,
00:14:17.320 the fourth quarter of 2019 was 3.4%, where President Trump, everything started to click in
00:14:23.820 like his plan is today. But it's got to be sold. And right now it's very contentious. This is going
00:14:29.760 to be a heated couple of days, folks. We're going to be here nonstop. I'm not feeling that we're going
00:14:36.040 to be signing a bill on July 4th. The reason is, if there's any changes, you've got to go back to the
00:14:41.780 Senate. And that's what people are saying. The Senate's out of town. They've gone. So basically sign what you
00:14:46.120 got. And let's get to the president's desk. A huge fight in the imperial capital. We're going to
00:14:52.540 cover it wall to wall. Short break. Back in a moment.
00:14:59.940 This July, there is a global summit of BRICS nations in Rio de Janeiro, the block of emerging
00:15:05.780 superpowers, including China, Russia, India, and Persia, are meeting with the goal of displacing the 0.99
00:15:12.820 United States dollar as the global currency. They're calling this the Rio reset. As BRICS 1.00
00:15:19.300 nations push forward with their plans, global demand for U.S. dollars will decrease, bringing
00:15:24.000 down the value of the dollar in your savings. While this transition won't not happen overnight,
00:15:30.540 but trust me, it's going to start in Rio. The Rio reset in July marks a pivotal moment
00:15:36.360 when BRICS objectives move decisively from a theoretical possibility towards an inevitable
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00:15:54.720 Claim your free info kit on gold by texting my name, Bannon, that's B-A-N-N-O-N, to 989898. With an A-plus
00:16:03.420 rating with the Better Business Bureau and tens of thousands of happy customers, let Birch Gold
00:16:08.540 army with a free, no-obligation info kit on owning gold before July. And the Rio reset. Text Bannon,
00:16:16.800 B-A-N-N-O-N, to 989898. Do it today. That's the Rio reset. Text Bannon at 989898 and do it today.
00:16:28.120 Here's your host, Stephen K. Bannon.
00:16:33.100 Okay, before we get to the nitty-gritty and the grind of the house and the rules and all that,
00:16:40.080 because we're going to have, I think Chip Roy's going to join us, hopefully Eli Crane.
00:16:42.960 We've got EJ and Tony is going to join us, go through the math. As we said, President Trump put
00:16:48.800 out this great true social just a little while ago. Growth is the headline. Where have you heard
00:16:54.260 that? I'm going to read the entire thing to you in a little while, but right now we're joined by
00:16:58.420 Ambassador Monica Crowley from Blair House. Ambassador, tomorrow kicks off really the beginning
00:17:06.540 of the 250th anniversary celebration of the formation of the United States. And you're
00:17:13.580 going to do it in Iowa. You're going to be the Real America's Voice. We're honored. It's going to be
00:17:17.520 producing the entire production. And we're going to be live from 3 p.m. Eastern Daylight Time to 10
00:17:23.480 p.m. or later with an entire crew out there, staff, anchors, all of it tomorrow. Can you tell us,
00:17:29.480 why are you kicking off the day before 4th of July? What's the purpose of this?
00:17:33.720 And tell us about the whole 250 celebration that we can look forward to.
00:17:39.900 Well, thank you so much, Steve. It's always great to be back with you from beautiful,
00:17:44.120 historic Blair House. I'm actually sitting in the Lee drawing room. This is the location
00:17:49.440 where the Blair brothers offered Robert E. Lee the commission to lead the Union Army,
00:17:54.840 which he declined because he was from the South. There's also a room here called the Lincoln
00:17:59.600 sitting room where I spent a lot of time commuting with Abraham Lincoln because he used to retreat
00:18:05.300 here just to think. He'd build a fire and he'd just think about executing the Civil War. So this place
00:18:12.080 has incredible history and I'm so blessed to be here. I'm also blessed, Steve, to be the president's
00:18:17.820 representative for all of these major U.S.-hosted events over the next three and a half years.
00:18:23.380 America 250, of course, plus the FIFA World Cup next year and the 2028 Olympic Games in L.A.,
00:18:30.540 which President Trump heroically brought to the United States. So we're kicking off America 250.
00:18:36.400 This is America's 250th birthday. An extraordinary, pivotal moment in our history and really an
00:18:43.600 inflection point, Steve, because as you know, it's often been said by historians and others
00:18:49.660 that great civilizations usually only run about 250 years before the decadence and the corruption
00:18:57.640 and the decay set in and implode those societies and those civilizations. America is going to prove
00:19:05.080 to be the exception to the rule. And it's largely because of the greatest president we have seen,
00:19:10.760 certainly in modern history, and that is Donald J. Trump. So it is such a gift, Steve,
00:19:16.780 to have President Trump in the White House during this America 250 celebration. We are kicking it off
00:19:23.660 tomorrow at the Iowa State Grounds in Des Moines, Iowa. It is going to be a massive celebration right
00:19:30.160 there in the heartland. I am dying to get out of the swamp. I think the president can't wait to get out
00:19:36.220 of the swamp and really celebrate America right smack dab in the middle of the country. It is an evening
00:19:43.140 event, although if you're in Iowa or if not, you want to get to Iowa for this event, America250.org
00:19:50.580 has all of the information about tomorrow's event and all the events that we have planned,
00:19:55.880 both nationally and in all 50 states and U.S. territories. But tomorrow's could be centered on
00:20:02.480 kicking off one full year of celebration of America's founding and the brave sacrifice,
00:20:10.740 the courage that it took for that genius cluster of the founding fathers to stake their lives,
00:20:17.560 their fortunes, and their sacred honor on creating a country from scratch and giving us the greatest
00:20:26.000 governing system based in human freedom that the world has ever known. So tomorrow we're going to
00:20:31.160 celebrate with dazzling displays. We've got live musical acts at the Iowa State Fair. I'm going to be
00:20:38.220 speaking before the president takes the podium. And then, of course, our big headliner, President Trump.
00:20:47.300 Ambassador, let's go back. We're starting in Iowa because it's the heartland of the country.
00:20:53.040 In America, it's like entrust Iowa. That's why they have the Iowa caucuses first. People have a lot of
00:20:59.660 faith in the common sense and kind of the basically patriotism and grit of folks from Iowa. Is that why
00:21:06.760 we're kicking off in the heartland for that reason? Yes. One of several reasons, yes, because it is the
00:21:13.420 heartland. It is the center of the country. It's the salt and earth of America. Iowa is full of
00:21:20.000 Americans who actually make this country run every single day. So we wanted to launch it there. And of
00:21:26.520 course, the president, as he has said many times, including recently, the president has a special
00:21:32.180 affinity for the state of Iowa, which has been very good to him electorally over the last 10 years.
00:21:38.600 And he is close to the governor, Kim Reynolds, in Iowa as well. And he also loves the Iowa State Fair.
00:21:47.180 And he has talked about it for years. He has visited many times before. And he's actually said later this
00:21:53.760 summer, he intends to go back to the Iowa State Fair. So it has a special place in his heart as well.
00:21:59.740 Wow. Walk us through. So a year from Friday will be the 250th. Just give us the big moments that you
00:22:11.020 all are looking for and to commemorate this historic, like you said, there are not many republics that have
00:22:17.340 lasted for a quarter millennium, right? I can think of maybe the Roman Republic and the American, and
00:22:23.100 that's it. Walk us through just the big moments that you guys, as you look at now, are planning on.
00:22:29.740 Yeah, sure. So let me begin by Friday. So this is tomorrow in Iowa. And then on Friday, we're back
00:22:37.500 in the swamp. We're back in Washington, D.C. And we're going to have a massive celebration on the
00:22:42.660 mall with the traditional fireworks, of course. But one of the things that President Trump
00:22:47.300 is going to do is he's having the bomber pilots that flew the mission into Iran for 36 hours with
00:22:55.520 a huge, massive success. He's having those pilots as his guest to the White House on Friday, July 4th.
00:23:02.140 And we're going to do a very special flyover that night as well of the planes, the bomber planes that
00:23:08.540 were used in that mission. So the B-2s, the F-22s, and the F-35s will be flying over Washington, D.C.
00:23:16.600 So if you're in this area, please come out and see us. Again, America250.org for all of those details,
00:23:23.220 too. And then looking ahead for the next year, Steve, I don't want to get too in front of the
00:23:28.060 president and his announcements of what we're thinking about and what we have planned. But we
00:23:33.580 had this magnificent, really important Army 250 parade, which was phenomenal. We're looking at Navy
00:23:41.520 250. We're looking at Marines 250. We have those important milestones coming up. Look for something
00:23:50.160 on New Year's Eve. We're not ready to announce anything quite yet, but New Year's Eve going into
00:23:56.460 2026. And then starting in January, each state has their own programming because they all have their own
00:24:04.740 250 commissions. So there will be things happening in all 50 states and U.S. territories. And again,
00:24:11.460 you can go to the website, America250.org to find out what is planned and what's happening in your neck
00:24:17.100 of the woods. You don't have to be in the swamp in Washington to celebrate. But what I can tell you,
00:24:22.260 one very specific thing, actually two. First is back in the bicentennial in 1976, they did this
00:24:30.640 extraordinary thing in New York Harbor, which I believe is the deepest harbor in America, and it can
00:24:36.900 accommodate really substantial ships. So what we're doing is something called sail forth for America
00:24:44.040 250. And we are doing, once again, as we did 50 years ago, the tall ships parade around the island
00:24:52.000 of Manhattan and then up the Hudson River. So far, we have well over 44 nations that are going to send a
00:25:00.840 tall ship for this parade. And it is going to be magnificent in New York Harbor next July 4th.
00:25:06.900 Also, I want to make mention that the FIFA World Cup, the final is also happening next July. So next
00:25:13.640 July is going to be wild and so exciting in America. But there is a FIFA World Cup match being played in
00:25:22.980 Philadelphia on July 4th next year. So Philadelphia is also going to be a real center of all of this
00:25:30.320 activity. So those are a couple of things that I can tease you with that are coming up over the next
00:25:35.800 year. But rest assured, President Trump is, this means so much to him personally. It means so much
00:25:42.180 to me. It means so much to you and the War Room audience to celebrate America's leadership, strength,
00:25:49.720 pride, patriotism, and purpose. President Trump is all about making America great again. And you know
00:25:56.520 what, Steve, in many ways, the MAGA generation is the natural heir to the Revolutionary War
00:26:03.160 generation. And Donald Trump is a direct heir of the founder's American spirit. This is what it's
00:26:11.340 all about. So what a gift it is to have President Trump as president right now to celebrate America's
00:26:17.100 birthday.
00:26:19.380 As we said, it's so providential that they stole the second one so he could come back and
00:26:25.720 historically take the third one and now serve with so many historic things. Last thing,
00:26:30.860 I've only got a minute. Your primary job is head of protocol. The question, how do you find time for
00:26:37.000 that when you're juggling 10? I know President Trump always gives something more to people get things
00:26:42.580 done. But how do you actually get the protocol job done?
00:26:46.480 Yes, and that is a huge portfolio. So as chief of protocol of the United States, I and my very talented
00:26:53.520 team, I've got an extraordinary team here at protocol. This is a massive team effort. We manage
00:27:00.080 all of the presidents, the vice presidents and the secretaries of states, diplomatic engagements. So
00:27:06.620 whenever there's a foreign delegation that arrives at the US for meetings, it is me and my extraordinary
00:27:12.740 team handling all of that. The bilats, the world leader meetings, anytime we have a leader visit,
00:27:18.800 I am handling that my team is handling that. So it is a very full portfolio. Next week, we have a Prime
00:27:27.280 Minister Netanyahu coming in on Sunday into Monday for a meeting with the president. And then later in
00:27:33.260 the week, we have five African presidents coming in to see the president for very important discussions
00:27:38.940 about that continent, China's influence, America's counter influence in Africa. So very important things
00:27:46.620 happening. And you know what, Steve, I have to learn not to enjoy free time, because I have none anymore.
00:27:54.600 Ambassador, Ambassador, what's your social media so people can follow you?
00:27:58.240 Yeah, sure. At Monica Crowley on x on Instagram at Monica Crowley underscore. Please check me out there. And of
00:28:05.460 course, on true social at Monica Crowley.
00:28:07.380 We'll see you tomorrow in Iowa. Thank you. Thank you, Steve. Thank you, ma'am. From the Blair House, the historic
00:28:17.800 Blair House. Short commercial break. We're going to get all this up so people know where to go in Iowa. If you want to
00:28:23.920 attend Real America's Voice producing back in a moment.
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00:29:47.160 Okay, welcome back. We'll have a lot more on the event in Iowa. Real America's Voice is going to
00:30:01.080 produce and we're very proud of that. Brian Glenn will be their whole team. You'll have anchors all
00:30:05.540 of it from 3 p.m. to 10 p.m. tomorrow. It's going to be extraordinary. That's Eastern Daylight
00:30:11.380 time. Congressman Chip Royce. Congressman, there's all kind of – Twitter's on fire right now.
00:30:16.780 There's all kind of descriptions of people saying, hey, the rule vote was supposed to be 11 o'clock.
00:30:21.980 Of course, people are straggling in, but it could be kicked to early afternoon. But they're up to 25
00:30:26.900 maybe plus Republican members that are not even ready to vote for the rule yet. This is pretty
00:30:33.620 controversial when you can't get a rule vote to get it to the floor to even start debating. So can you
00:30:39.560 walk us through exactly where we stand, sir? Yes, Steve. Great to be on. First of all,
00:30:45.060 let me level set because I know your audience is such a great patriotic group of folks that want to
00:30:52.020 support what the president is doing and that to advance the MAGA agenda. And I think that President
00:30:57.780 Trump is looking for us to deliver on what he campaigned on. And this is where the crux of the
00:31:06.440 problem is. There are those of us in the House that are reviewing the bill after it came through the
00:31:11.460 Senate, and we believe it falls short. We believe that it will create too much spending, and that is
00:31:18.260 too much in the way of deficits, over the next four or five years in particular, with backloaded savings
00:31:24.120 and more deficits up front. We believe that it gutted our changes to the Green New Scam subsidies such
00:31:31.100 that there won't be an effective termination of the Green New Scam. We believe that it continues 1.00
00:31:37.000 to allow, for example, illegals to be able to get Medicaid. There are other things. I could go through
00:31:43.140 a laundry list if you want me to. But I think the bigger question you're asking is, where are we?
00:31:48.360 And I think you've noted that the president and some of his great supporters, all good friends of mine,
00:31:54.480 friends of this show, like Russ Vogt, the Treasury Secretary Scott Besson, great folks that we've been
00:32:02.120 talking to on a daily basis, they believe the answer is that the president is going to produce
00:32:06.780 growth and revenue through tariffs that will make up the shortfall that this bill produces in the form
00:32:13.380 of deficits. Look, I'm sympathetic to those guys. They're my friends, and I believe in the president,
00:32:19.380 and I believe in his agenda. But I think we have a responsibility in Congress to level set what we're
00:32:24.960 doing with the spending restraint that is necessary for growth. And a final point on that, you've got
00:32:31.060 Malay down in Argentina. They got 5.7 percent growth. How do you think they got that? They got that by 0.98
00:32:38.220 wiping out their version of the swamp by cuts and deregulation. I think Congress has to step up to the
00:32:45.000 plate and deliver for the president. That's what we're trying to do. We hope to meet with the
00:32:49.360 White House today. We had a meeting with the Speaker until five minutes ago. I'm looking up the
00:32:53.440 clocks. There's a vote that I've got to go vote here in a second on a procedural move. Democrats are
00:32:58.240 insane. Republicans have put together a product that has a lot of good pieces to it, but it's falling 0.99
00:33:03.480 short, in my view. I want the Green News scam deal fixed, and I want us to get to the place where 0.94
00:33:09.180 we're honoring our commitment to reduce deficits. If we can do those things, amend it and send it back to
00:33:13.820 the Senate, then we can deliver for the president, in my opinion.
00:33:18.700 I know you've got to bounce in a second. We'd love to get you back when you're free because we think
00:33:22.500 that this audience would be critical in actually making something happen like they did on the
00:33:26.760 artificial intelligence part yesterday. I don't normally just go to the politics, but the reality
00:33:34.840 is we couldn't pass this in the Senate. J.D. had to come down as VP and kind of break it with the
00:33:40.140 constitutional tiebreaker. The Senate is the problem, and you can see the things replete
00:33:46.360 with things that not only President Trump didn't run on, but are outrageous. We had Dave Walsh on
00:33:50.940 here for 30 minutes last night, our energy experts, saying the Green News scam is actually undercuts
00:33:56.280 and chop blocks President Trump's ability to get to the 2.8 to 3.5 percent growth, but this has come
00:34:02.940 in from the Senate. How do you just, on the politics, let's say you make the changes you want to make.
00:34:07.640 Then it goes back to the Senate. We start the process all over again, and I'm not saying,
00:34:12.220 hey, it's got to be done by Friday or has to be done by mid-July, but just the reality that you have
00:34:18.340 such a rhino and donor-owned Senate. How do you ever anticipate, with all the good intention you've 0.94
00:34:24.720 got and the good cuts and things like that, how do you even anticipate it getting passed? We barely
00:34:31.280 got this passed. In fact, we had to use the vice president to tiebreak on something that's not,
00:34:36.420 you know, is suboptimal, sir. Well, that is the legitimate question. It's the one we're having
00:34:42.480 conversations with the White House about because we want to deliver. Here's what we believe, Steve,
00:34:47.560 and I think you know this. The pressure cooker in Washington, in the swamp, for tax cuts is really
00:34:53.720 high, right? K Street, everybody in town is wired to deliver on tax cuts. There is nobody in this town
00:35:02.740 that is turning up the pressure to deliver on the spending restraint and on the reforms to things
00:35:08.580 like the Green New scam. K Street got involved, and let's just take that for a minute. Late night on
00:35:15.220 Sunday, I think it was, they had something they were trying to work out to get this through. JD
00:35:20.160 obviously came in and broke the tie. They did what's called a wraparound amendment, which is what they
00:35:24.700 did to basically pull it all together. And in doing that, they didn't run any of it by the good guys
00:35:29.980 like Rick Scott or Mike Lee or Ron Johnson or Rand Paul or anybody else. What they did was they jammed
00:35:35.340 in the provision that guts the Green New scam reforms that we put in place. They did that as a 0.63
00:35:41.600 giveaway to a couple of senators who weren't fond of what we were doing to undo the Green New scam, 0.80
00:35:47.780 which, by the way, the president campaigned on. The House delivered about a 55 or 60 percent
00:35:53.580 termination of the Green New scam. The Senate wanted to water it down. We fought it back. 0.82
00:35:59.940 Mike Lee and others fought it back. But then last minute, 11th hour, right before the vote,
00:36:04.940 they jammed that provision in there. That was the deal killer for me, Steve. I was wobbling because,
00:36:10.660 you know, I didn't think it did enough on deficits, but I wanted to deliver for the president. 1.00
00:36:13.940 The Senate sucks. We need to get the tax cuts. We need to get the border money. We need to support 0.97
00:36:19.700 what Miller and Homan and the guys are doing. I'm all on board and I'm giving a lot of deference,
00:36:24.000 but I got everybody to understand. I had already given and given and given over the last six months
00:36:29.300 that we're not doing enough on cuts. We're not doing enough to meet the moment on the mandatory
00:36:33.920 spending. We're not doing what Malay is doing in Argentina because Congress is too freaking gutless 1.00
00:36:38.840 and cowardly. The president's leading and we need to meet the moment. In my view right now, 0.97
00:36:43.400 to answer your question, we don't need to redo the whole bill, amend it, take the version we already
00:36:48.820 passed out of the House, put our green new scam language in there, make some modifications to
00:36:54.300 meet the framework that we did to keep deficits, you know, keep it deficit neutral, and then make
00:36:59.420 a few other tweaks and send it back to the Senate. And then dare Murkowski or dare some of these guys
00:37:04.620 to jam the president's agenda when what we're doing is try to do exactly what the president wants,
00:37:09.860 terminate the green new scam, have a deficit neutral approach to tax and spend policy,
00:37:14.120 and then let's call the question. But I'm not going to get rolled on the policies that Texans
00:37:18.600 care about, which is ending the green new scam and not racking up more deficits.
00:37:24.320 What about the loopholes, this thing on Medicaid for illegal? Senator Schmidt's telling us 1.4 off,
00:37:31.800 but I think there's other ways. We're not ironclad. I just don't know how we do Medicaid cuts for
00:37:37.360 working class Americans and still allow us any chance at all that an illegal alien could get Medicaid. 0.98
00:37:44.900 Is that one of the things that you're going to try to tweak as you go back to the White House?
00:37:50.040 100%. I wasn't going through my whole list, although I mentioned earlier. Let me explain this,
00:37:55.100 because your audience is the most educated of any of the audiences out there. So it is already
00:37:59.640 unlawful for Medicaid to go to illegals, right? You're not supposed to do it. But they backdoor 1.00
00:38:04.240 into it, and we've got reports showing that millions get Medicaid. So what did we do? In the bill,
00:38:10.860 there's a section. I can't remember the number, section 7-1, blah, blah, blah. And it does tighten
00:38:16.020 it some. It puts some teeth into it. The CBO scores it as saving $5 or $6 billion. So Senator
00:38:22.340 Schmidt is not wrong. There's language in there that makes it better. And we fought for that in
00:38:27.300 the House, and the Senate's got it. But the one thing we did in the House, and this is important,
00:38:31.500 and it's a part of the Medicaid scam, right? You and all your viewers and all of us want to make
00:38:37.740 sure the vulnerable for whom Medicaid was created and working-class Americans, they get the ability
00:38:43.320 to go get health care. But we don't want the able-bodied, the scammers to get it. We don't
00:38:47.340 want insurance companies and fat cats to get rich on the back of this program. So here's how it works.
00:38:53.800 The fact is, you take some of that money, the state money, they'll go spend it on illegal aliens. 0.57
00:38:59.940 They won't use the federal money, which they're prohibited from doing, but they'll use their state
00:39:03.580 money, but they'll still claim all of the provider tax dollars and the FMAP matching dollars and use
00:39:09.560 that to fatten their coffers. So they end-run the restrictions. In the House bill, we said,
00:39:15.500 you're going to lose your federal match if you continue to provide Medicaid to illegal aliens.
00:39:20.880 And so, you know, California, for example, the Senate stripped that out. They hid behind the
00:39:25.520 parliamentarian, but they didn't fight hard enough to keep it in, and they didn't rework the language
00:39:29.780 so that we can guarantee that those federal dollars don't flow to states that give money
00:39:34.940 to illegal aliens. I hope that's clear. 0.96
00:39:39.140 Chip, are you in the contention going to go over to the White House before the rule vote or after
00:39:45.960 the rule vote? Because I would strongly recommend you go before the rule vote, right, to lay it on
00:39:50.560 the table and give the president really directionally where you guys are trying to go and how actually
00:39:55.520 you're trying to support his agenda that was stripped out in the RINO and donor-controlled
00:40:01.060 and K-Street-controlled, lobbies-controlled Senate, sir.
00:40:04.780 So I'm supposed to be heading up there right now. Once I finish with you, I got to go vote,
00:40:09.800 and then I got to hop in a car and head over to the White House and hopefully meet with
00:40:12.620 the president or his folks or both. We're all there to support what we're trying to do,
00:40:18.240 support the MAGA agenda, support the president. But we've got to make sure that this Congress isn't
00:40:22.120 rolling us or the president's agenda. We can't have more deficits and we can't have the Green 0.99
00:40:27.920 News scam continue with those subsidies that are going to kill the American energy. In addition,
00:40:33.240 frankly, our environment as well. I mean, I don't want to see solar farms and wind farms and battery
00:40:37.360 facilities all over the Texas Hill Country and all over Texas. So we got to go stop this stuff and go
00:40:41.820 get a wind from the president.
00:40:42.920 Knowing the president, knowing the president, I would strongly recommend, Chip, if you would say,
00:40:48.100 Mr. President, you can get the fourth quarter of 2019, you had the economy clicking at 3.4%
00:40:54.460 growth, which would be a home run here and turn everything around. Some of these provisions in
00:40:59.120 here make it impossible, particularly the Green News scam, make it impossible for you to hit your
00:41:03.860 growth target. President Trump's about growth, and I don't think, I think the Senate has hid from him,
00:41:08.680 as we had Dave Walsh yesterday, how what they stripped out is going to hurt the ability to get
00:41:14.700 north of 3%. And the president's looking for 4% or 5% growth, which is all doable if we get this
00:41:20.620 bill right. So Chip Roy, go with God. Good luck with the White House, with the president.
00:41:25.200 God bless, Steve. Appreciate y'all.
00:41:28.260 Thank you.
00:41:30.640 I'm going to read, I think I've got it. I want to read President Trump, as you've heard
00:41:35.660 on this show. And why did we do this? We did this for the simple reason is to understand what
00:41:43.260 President Trump is doing. To understand what President Trump is doing, you've got to focus
00:41:48.060 on growth. Let's go to the first one. Nobody wants to talk about growth, which will be the
00:41:53.100 primary reason that the big, beautiful bill will be one of the most successful pieces of legislation
00:41:57.860 ever passed. This growth, all cap, has already begun at levels never seen before. Trillions of dollars
00:42:04.720 are now being invested into the United States more than ever before. Likewise, hundreds of
00:42:08.840 billions of dollars in tariffs are filling up the coffers of the Treasury. The tariff money has
00:42:13.060 already arrived and is setting new records. We are growing our way out of the sleepy Joe Biden
00:42:19.180 mess that he and the Democrats left us, which is happening much faster than anyone thought
00:42:23.800 possible. Our country will make a fortune this year, more than any of our competitors, but only if
00:42:29.120 the big, beautiful bill has passed. As they say, President Trump's been right about everything.
00:42:33.360 And this is the easiest of them all to predict. Republicans, don't let the radical left Democrats
00:42:38.620 push you around. We've got all the cards and we are going to use them. Last year, America was dead,
00:42:45.180 was a dead nation with no hope for the future. And now it's the hottest nation in the world.
00:42:50.660 Make America great again. The entire bet, as we have talked in the show now for two years,
00:42:56.120 in particular when Scott Besson became a regular contributor. This is a supply side tax cut. It's
00:43:01.220 the last time you're going to have a shot to have a supply side solution to our problem, which is
00:43:06.040 about productivity and production and applying capital to manufacturing and high value added jobs.
00:43:13.740 And now I think the administration is focused on how you sell this growth. What I think is important
00:43:19.720 today with the House, as explained to President Trump, as Dave Walsh did last night for 30 minutes
00:43:23.740 brilliantly. There are aspects of the Senate bill that K Street put in for their own benefit,
00:43:30.600 the lobbyists, that may hurt are going to be a speed bump to the growth. That'll all be explained
00:43:35.240 today. They're going to the White House before the rules vote. That's pretty big, folks. We'll explain
00:43:40.760 it all to you next in the war room.
00:43:42.340 We rejoice when there's no more. Let's take down the CCP.
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00:44:38.380 and free shipping. Here's your host, Stephen K. Bannon.
00:44:44.980 Now there's greater than a zero probability. The president just doesn't want to hear it. We'll see.
00:44:53.720 I think it's very smart to go up there before the rules vote because the thing is to lay out to the
00:44:59.280 president what the issues are and what they hope to accomplish. Like I said, we didn't pass it in
00:45:08.280 the Senate. J.D. had to come down for that extreme when the vice president comes down to break a tie.
00:45:15.020 We did pass it, but it took the VP's vote. Someone who's president of the Senate, but not
00:45:19.660 technically a senator. He's vice president of the United States. Why was that? You had the folks that
00:45:25.940 wanted more cuts, and then you have obviously always got the Murkowski problem and the Collins
00:45:30.400 problem and all that. So any changes whatsoever, the guys in the Senate would say, well, we can't do
00:45:36.160 this. If you remember the voterama, the voterama stayed open forever. Why? On amendment after
00:45:43.960 amendment. Normally these things go bang, bang, bang. They were gathering votes to see what they could
00:45:48.640 pass at any one point in time. This is why I'm so proud of one of the most egregious things in here,
00:45:55.140 and this is how the swamp works. This is how K Street works. This is how the tech broligarchs,
00:45:59.020 they slipped in one of the most radical ideas ever to really crush not just states' rights, but the
00:46:05.400 whole concept of the federalism on, I would argue, if not the most important topic really of the day,
00:46:12.740 one of the most important topics as we hurtle towards the singularity. Really the whole, you know,
00:46:19.440 more than a millennial change, a change of forever
00:46:23.320 from Homo Sapiens to Homo Sapiens 2.0.
00:46:27.260 That is coming, we're hurtling towards it.
00:46:29.320 And that's what we stopped the other day. You stopped it.
00:46:31.780 991, and it was so toxic, 0.97
00:46:34.560 not one damn senator, 0.96
00:46:36.320 not one senator, including Ted Cruz, who had done the bidding 0.98
00:46:39.800 of big tech, wanted to be near this thing,
00:46:42.200 because they realized the toxicity
00:46:43.580 in doing re-election and actually having to take
00:46:46.380 in the side of the tech broligarchs
00:46:48.080 all from more power and money for them.
00:46:50.460 That's all it is.
00:46:51.800 And you bring up this thing, oh, about China.
00:46:53.960 Well, the tech broligarchs are helping to arm China.
00:46:57.380 Sequoia Capital,
00:46:58.200 these venture capital firms are in business
00:47:00.020 with the Chinese Communist Party.
00:47:01.380 Don't let anybody fool you here.
00:47:03.180 We're adults.
00:47:03.900 We see what's going on.
00:47:04.880 I just had the situation with Ray on the mail-in voting,
00:47:09.160 on the suppression of information
00:47:12.140 about the Chinese Communist Party
00:47:13.360 when he's out there saying,
00:47:14.440 oh, it's the biggest thing in the world. 0.80
00:47:16.420 The black hand of the Chinese Communist Party
00:47:18.240 is all over the imperial capital,
00:47:20.800 all over the imperial capital,
00:47:22.460 as many other foreign governments.
00:47:25.420 The Qatar, I mean, Qatar has done, 1.00
00:47:28.920 I think they put $100 billion into America,
00:47:32.080 into people associated with America,
00:47:33.880 prominent people in America, et cetera.
00:47:36.940 And Qatar has a,
00:47:37.980 Qatar's got a lot of stroke from a country 1.00
00:47:39.960 that was almost taken over in June of 2017
00:47:43.960 by the UAE and Saudi Arabia.
00:47:46.160 They've had quite a comeback.
00:47:47.540 I think they savvied up and said,
00:47:48.920 hey, we need some allies in Capitol Hill.
00:47:50.700 My point is that this is an open bazaar
00:47:53.780 of foreign influence, corruption,
00:47:57.680 and influence peddling.
00:47:59.360 That's why this was so important yesterday.
00:48:01.120 Now, the president must say,
00:48:02.040 hey, look,
00:48:02.400 if this has to go back to the Senate,
00:48:04.040 this thing could take months.
00:48:06.720 And, you know,
00:48:07.700 he may not be wrong.
00:48:09.440 And if he wants to button up,
00:48:10.640 particularly securing the permanent nature
00:48:12.720 of the tax cuts,
00:48:13.960 he may tell these guys,
00:48:15.140 look, I hear you,
00:48:16.560 but, you know,
00:48:18.300 you just got to get on this bill.
00:48:19.880 I just want it done.
00:48:20.700 So this is a very big meeting
00:48:22.580 that's going to take place.
00:48:23.380 Chip Roy and others,
00:48:24.560 I think Andy Harris,
00:48:25.500 other members of the Freedom Caucus.
00:48:27.740 You know,
00:48:27.920 Speaker Johnson,
00:48:29.280 once again,
00:48:30.620 and this is where you're going to have problems
00:48:32.460 when these guys overpromise,
00:48:33.920 they make these commitments,
00:48:34.740 you come back on something.
00:48:36.080 He made a commitment to people in the House.
00:48:39.380 If this doesn't come back
00:48:40.640 in the exact framework
00:48:41.640 that we've laid out,
00:48:43.020 I will resign.
00:48:44.680 So where's the resignation?
00:48:46.660 Where is that
00:48:47.580 if this goes crab sideways?
00:48:50.200 Because right now,
00:48:51.080 people have legitimate concerns.
00:48:52.620 The wraparound is this thing at the end
00:48:54.600 where the leader puts up,
00:48:56.420 and we were quite concerned
00:48:57.680 when we were fighting the fight
00:48:59.040 on the artificial intelligence.
00:49:01.500 At one time,
00:49:02.560 early on,
00:49:03.120 we had like nine votes,
00:49:04.520 and our fear was
00:49:05.700 if we won this
00:49:06.780 because we could come up with,
00:49:08.360 you know,
00:49:08.680 five or six or nine votes,
00:49:10.860 that K Street
00:49:11.800 and the tech berlugarks
00:49:13.000 in the wraparound
00:49:14.260 would basically put it back in
00:49:16.400 because that's how this works.
00:49:17.720 That's how the Green News scam,
00:49:19.200 which they totally took out,
00:49:20.900 got put back in.
00:49:21.720 That's why some of the stuff
00:49:22.580 on Medicaid even,
00:49:23.380 I think,
00:49:23.640 got put back in,
00:49:24.360 although some of that
00:49:25.000 was a parliamentarian
00:49:25.900 in the Senate
00:49:26.420 hiding behind the parliamentarian.
00:49:29.060 The,
00:49:29.400 but when you go 99 to one,
00:49:32.780 it's,
00:49:33.280 you're kind of bulletproof,
00:49:34.540 and it also shows you
00:49:35.440 how toxic this was.
00:49:37.700 We've got EJ,
00:49:38.560 and Tony's going to be here.
00:49:39.580 We're going to,
00:49:40.320 as we've,
00:49:41.380 you know,
00:49:41.740 recommended to the White House
00:49:43.220 and Secretary of Treasury.
00:49:45.080 There's a lot of positive
00:49:46.820 in this bill.
00:49:48.180 The things that are positive,
00:49:50.280 the most positive,
00:49:51.340 is a well-thought-through
00:49:52.740 growth strategy
00:49:53.720 that deals with everything
00:49:55.360 from deregulation
00:49:56.900 and deconstruction
00:49:57.720 of the administrative state
00:49:58.620 to security
00:49:59.300 and the sovereignty
00:49:59.940 of the United States
00:50:00.660 on the border
00:50:01.280 and also deporting
00:50:03.100 illegal aliens
00:50:04.260 and stopping any more
00:50:05.540 from coming in
00:50:06.220 and competing
00:50:06.720 with particularly
00:50:07.920 low-skilled workers
00:50:09.100 for jobs.
00:50:10.740 There's a whole,
00:50:12.500 there's a very complicated
00:50:14.100 section,
00:50:14.400 a whole thing
00:50:14.740 about commercial
00:50:15.520 relationships.
00:50:16.880 There's so much here
00:50:17.800 that's positive.
00:50:18.560 Energy,
00:50:19.500 you know,
00:50:19.720 going back to full
00:50:20.540 spectrum energy dominance,
00:50:23.020 that has to be put together
00:50:24.800 and bundled
00:50:25.560 and sold.
00:50:26.580 When the American people
00:50:27.560 understand that,
00:50:28.360 they go,
00:50:28.780 okay,
00:50:29.080 I got it.
00:50:29.680 It's a growth strategy,
00:50:31.180 and your growth strategy
00:50:32.240 is to get to not
00:50:33.200 the 1.75% 0.80
00:50:34.940 or under 2%
00:50:35.940 that the IMF says
00:50:37.000 and CBO says.
00:50:37.700 Everybody's kind of down
00:50:38.920 on America
00:50:39.900 because they look at this
00:50:40.720 as a static process.
00:50:42.360 If you look at the dynamism
00:50:43.520 of it,
00:50:44.260 and you can connect the dots
00:50:45.560 and make hard linkages,
00:50:46.700 not pie in the sky,
00:50:48.040 because President Trump
00:50:48.960 had 2.8% growth
00:50:50.620 in the first term.
00:50:52.180 But most importantly,
00:50:54.060 he started to hit
00:50:55.180 on all cylinders
00:50:55.980 in the fourth quarter
00:50:56.960 of 2019
00:50:57.580 when it all started
00:50:58.520 to come together.
00:50:59.380 He had 3.4% growth
00:51:01.780 in that fourth quarter.
00:51:03.200 This makes this thing
00:51:04.320 very sellable.
00:51:05.680 And Scott Bessett
00:51:06.660 and Russ say,
00:51:07.280 we're going to execute on it.
00:51:08.480 But that has to put forward
00:51:09.880 to the American people.
00:51:10.820 They have to understand it.
00:51:11.700 Otherwise,
00:51:12.460 you're just going to get hammered
00:51:14.040 by the messaging
00:51:14.700 that CBO says.
00:51:16.360 It's, you know,
00:51:17.440 these big deficits run up.
00:51:18.660 Also,
00:51:19.780 the technical argument,
00:51:21.040 which they're correct on,
00:51:21.860 you're making structural changes
00:51:23.320 that benefit
00:51:24.180 in the out years
00:51:25.780 is too technical
00:51:27.300 for people.
00:51:28.360 It's just lost on them.
00:51:29.340 And it's five,
00:51:29.840 six years out.
00:51:31.680 It's,
00:51:32.220 they,
00:51:32.460 why he has us
00:51:32.940 try to sell it?
00:51:33.600 I don't think people get it.
00:51:35.400 I don't think they can
00:51:36.060 take it on board.
00:51:37.500 I don't think it has
00:51:38.040 the impact of talking
00:51:39.040 about the vitality
00:51:40.400 of unlocking
00:51:41.080 the animal spirits now
00:51:42.520 and what is the best
00:51:44.240 of American capitalism.
00:51:45.760 And that is the core
00:51:46.940 of this supply side cut.
00:51:48.520 And we're going to have
00:51:49.520 E.J. and Tony.
00:51:50.300 We'll have a lot more people.
00:51:51.180 I think we're going to get
00:51:51.660 to Secretary of Treasury.
00:51:53.060 Scott Bessett
00:51:53.860 this afternoon.
00:51:54.760 We're trying to book that.
00:51:55.520 We're trying to
00:51:56.060 organize that right now
00:51:57.780 because we think
00:51:58.360 these are the key things.
00:51:59.540 Okay,
00:51:59.860 what is happening?
00:52:00.980 What is happening
00:52:01.660 is that Chip Roy
00:52:02.960 and others
00:52:03.580 are going to head up
00:52:04.200 to the White House
00:52:04.920 to have a meeting.
00:52:06.040 I think the rules votes
00:52:07.140 postponed right now
00:52:08.440 are delayed
00:52:09.140 and they'll get to that later.
00:52:10.760 So it's a lot going on
00:52:11.820 in the imperial capital
00:52:12.760 and it all ties
00:52:13.780 to the biggest legislation
00:52:14.920 package
00:52:15.500 in many,
00:52:16.860 many years
00:52:17.280 and kind of the centerpiece
00:52:18.360 of President Trump's
00:52:19.620 legislative package,
00:52:20.760 his tax cut
00:52:21.520 and his spending cuts.
00:52:23.900 Short commercial break.
00:52:24.780 The second hour
00:52:25.420 we'll be on fire.
00:52:26.340 We'll get into all of it
00:52:26.900 and you've got a ringside seat
00:52:28.380 for what's happening today
00:52:30.500 in the imperial capital
00:52:31.540 as we try to pass
00:52:32.780 the big,
00:52:34.140 beautiful bill.