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Speaker 1: What's going on?

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Speaker 2: Thank you so much for listening to this podcast. It

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Get every episode for free right to your smartphone or tablet.

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And again, thank you so much for your support. So yes,

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after what do they call that thing the vote rama

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where they just they kept changing the one big beautiful

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bill the oh bah, and they just kept changing it

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and voting on stuff and you know, doing bribes to

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various senators to get them to sign off on it.

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And by the way, that you know that happens all

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the time with this stuff in very you know, close

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bodies like you've got in the Senate. They could only

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afford to lose the three votes from the Republicans that

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they did lose, right, if they had lost a fourth,

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then it would have failed. And so they had to

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they had to do the Alaska purchase right with Murkowski.

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They had to cut her a deal. And if any

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of this sounds familiar. This is how Obamacare got done too.

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They ran that thing through with the Louisiana purchase, the

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corn Husker kickback, the Florida what was the Florida one. Yeah,

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that guy lost his seat, Bill Nelson, I think was

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his name.

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Speaker 1: Yeah.

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Speaker 2: So he had these Democrat senators that had, you know,

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anxiety about Obamacare and passing it, and so they gave

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them all sorts of carve outs for their states so

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they would not be held to the you know, all

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of the the structure of the program in the same

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way that all of the other states that didn't require

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bribes in order to get passed. So whenever you have

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a closely divided body, the you know, your swing vote

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becomes more powerful. If you are the deciding vote, you

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then get to dictate a lot of terms. And that's

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what Murkowski did when you had Collins come out against it,

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you know, Rand Paul he was against it from the beginning,

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the floor speech from Tom Tillis before he said, you know,

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I'm out of here and I'm not running again. And

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his beef was over the medicaid stuff. That left Murkowski

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and they leaned on her to try to get her

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to vote yes and she eventually did over in the

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House where the big beautiful bill now goes back to

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the House because the Senate changed it. So the House

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had passed a version, sent it to the Senate. The

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Senate was like, no, we don't like it. So they

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made all these changes in like twenty six hours of

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voting and debating and horse trading, and so now goes

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back to the House and they're actually I think debating

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it now, uh, making all their floor speeches, you know,

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for their viral videos and campaign fundraising emails and over there.

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I believe the split is two twenty two hundred and

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twenty Republicans to two hundred and twelve Democrats. And if

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memory serves correctly, the original version in the House only

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passed by like a vote, So there's very little margin

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for error and or for uh, for deviation from the president.

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And the president is sort of at the apex of

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his political capital right now, having you know, won every

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single swing state, having you know, moved the electorate to

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him in the last election, he has more political capital

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to get this stuff done. And you know, when it

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comes to a guy like Tom Tillis, you don't have

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a very wide lane to drive down because every vote counts,

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every vote matters, and if you're going to cross the president,

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then you should expect to get the standard treatment from

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him on this stuff. If the Senate had a larger

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majority and Tillis's vote didn't matter, then and he could

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have voted no, but the thing still would have passed anyway,

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he would not probably have gotten the kind of barrage

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the dog piling that he got from Trump and his

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followers on social media. So that's just the nature of

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the game, right, So what is actually now in this

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bill as it has been changed? So I think the

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key thing to keep in mind is this is all

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about preserving the tax cuts that were initially passed back

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in twenty seventeen that were or set to expire. They

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were to sunset because that was the original legislation. This

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effort is to make these tax cuts permanent, okay, And

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then there's all this other garbage that's in there, all

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of there, you know, because they don't do remember, they

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don't do ear marks anymore, like specifically earmarks where they

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would like lard up a bill with all sorts of pork.

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So this is how you now do it. So there's

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a bunch of stuff that's in there. And obviously you're

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talking about government accounting, and so the government accounting is

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always really weird too. Like you've probably heard the uh, oh,

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it's going to add to the deficit, right, And I

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was not aware of this, but the Congressional Budget Office

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when they do their estimates, or at least for this bill,

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they started from a position that the tax cuts would

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expire because that's the current law, rather than saying this

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is a continuation of the tax cuts, so the current

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revenue would remain the same. So what they did then

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was to say, oh, the tax cuts then expire, so

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there would be all of this revenue being collected in

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taxes because the tax cuts expired. And so if you

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were to pass this big, beautiful bill, then that revenue

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now goes away. But the revenue never comes back, right,

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if it's an extension, it never comes back. So why

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would you Why would you score the bill as if

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the tax cuts went away, the revenue came back. Why

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would you bother doing that? Because if you start from

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that position, then yeah, the CBO says that it's going

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to increase the deficit by almost three point three trillion

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dollars over a decade. That's a nearly one trillion dollar

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increase over the House Pay Bill, which the CBO projected

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would add two point four trillion to the debt over

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a decade. But Republicans disputed the CBO estimates. They said, well,

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here's what the AP reports. They're using a different budget

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baseline that assumes the Trump tax cuts expiring in December

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have already been extended, essentially making them cost free in

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the budget, which to me, that makes sense. That's the

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whole point of the bill. That's why they're doing this,

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and that's why they're doing it on this artificial deadline

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that Donald Trump set to have it done by July

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fourth because America, you know, and get the PR branding

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out of that. Like I understand that. That's fine, it

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doesn't matter to me, but it is an artificial deadline.

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Will they meet it?

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Speaker 1: I don't know. Are they trying to It seems like it.

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Speaker 2: But they want this, They want the debt ceiling issue,

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They want the tax cuts preserved. Right, These are the

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things that are driving this train. And it seems to

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me like if the primary purpose is to extend the

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tax cuts, you should score the bill based on those

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tax cuts. Staying in place, not scoring the bill as

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if hey, we got a bunch more revenue. Oh and

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then it went away, because it never comes back if

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it's just being extended, if the tax cuts are just

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being extended. The CBO then released a separate analysis of

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the GOP's preferred approach. They did this over the weekend

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and found that the Senate bill would reduce deficits by

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about five hundred billion dollars. Well, that's a pretty big swing.

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You went from a three point three trillion dollar deficit

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projection to a defici reduction of five hundred billion. So

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keeping the tax cuts constant, scoring it that way, it

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leads to a deficit reduction, which I think is a

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good thing, right, isn't that what we want to see happen?

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A reduction in the deficit. Democrats and economists decry the

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GOP's approach as magic math that obscures the true costs

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of the tax breaks if you believe all of the

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money belongs to the government rather than the American people,

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Because that's at the heart of that argument, which is

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that we can't let people keep their own money. We

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have to bring that money to us. The government needs

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that money. We would be taking. We have to raise

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people's taxes. That's what a vote against this was. If

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you voted against this bill, it was a vote to

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allow the tax cuts to expire and a three point

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three trillion dollar tax increase to hit Americans who, by

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the way, every American got tax cuts in the twenty

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seventeen deal, every one of us. Here's a great idea.

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com and make memories that'll last a lifetime. Here's an

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email to Pete at vpedecalenarshow dot com from Dave regarding

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the Senate holdouts on the Big Beautiful Bill. If the

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holdouts get their bribes for a YA vote, why don't

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all senators act like they're going to hold out to

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get stuff for their state.

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Speaker 1: That's a good question.

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Speaker 2: So I think, first off, you have a lot of

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senators that are very much pro Trump, right, so they're

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not going to try to impede Trump's work because they

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they're just like, he's my guy, I'm going to do it.

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Speaker 1: You know.

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Speaker 2: It's not perfect, but whatever, and they'll go out there

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and sell this thing because they are loyal to the president. Right,

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So you take that group out of the mix. Obviously,

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take all the Democrats out of the mix, because they're

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going to vote no regardless. Then you have some Republicans

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that are in purple states or in states where winning

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as a Republican is more difficult. That's like Tom Tillis,

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that's Susan Collins up in Maine. Rand Paul is just

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always a no on these types of spending bills. And

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then you've got some that maybe aren't, you know, loyal

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so much to the president. They don't really, they're just

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kind of like MAGA adjacent, you know. They they're not

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really comfortable with it. They're kind of biding their time

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on stuff. But maybe they're institutionalists and so if the

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leadership says you need to vote this way, then they're

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going to do it. Right, They're going to follow their leadership.

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And that's John Thune now. And so that's why you

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have like the whip counts, you know, the Senate majority whip.

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Speaker 1: And that's what they do. They whip the votes.

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Speaker 2: They make sure everybody's gonna go along and just because

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they don't hold out at the very end doesn't mean

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that they didn't get something for their state earlier in

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the process or something that they wanted. And there's a

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whole bunch of stuff in this bill that changed when

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it came over from the House. So I suspect some

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of these senators got what they wanted through the normal

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horse trading and they didn't have to hold out in

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order to get it. Does that make sense? And then

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there's also fear of Donald Trump. There are some senators

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that do not want to get dog piled by Trump

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and his online army, Right, they don't want that headache,

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so they'll just go along. That's part of it too.

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And I don't know who fits into which camp. I'm

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just throwing out different ideas as to why everybody doesn't

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do the whole doss And that's what the Freedom Caucus

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has been doing in the House for years, much to

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the chagrin of the quote unquote establishment Republican leadership. Right,

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So let's go into some of the details here from

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the big beautiful bill tax cuts and deductions. We'll start here.

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This is from the Business Standard. At the center of

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the bill is a permanent extension of the twenty seventeen

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Tax Cuts and Jobs Act, which was set to expire

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at the end of this year. The legislation locks in

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lower income tax rates the ones that we have right now,

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as well as our current standard deduction, and it extends

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various business friendly provisions. There is the provision, for example,

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no tax on tips. So there's a federal income tax

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exemption for income made through tips, which I think I'm

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now going to go to a strictly tip salary position.

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I'm going to ask my employer to simply pay me

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in tips at a regular level every two weeks. This

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exemption would be up to twenty five thousand dollars a year,

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and the benefit phases out if you earn more than

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one hundred and fifty k. So if you are making

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one hundred fifty thousand dollars and you work for tips,

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it would start phasing out. Your exemption starts phasing out

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after the one to fifty. But if you're making one

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to fifty doing tips, you're doing very very well. You're

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very good at your job. It also permanently expands the

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standard deduction. It increases the child tax credit from two

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grand to twenty two hundred per child. Now it requires

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only one parent to have a Social Security number as

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well social Security income deduction, a six thousand dollars income deduction,

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four retirees that earn under seventy five thousand dollars a year,

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plus a temporary four thousand dollars senior deduction which phases

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out over three years. These provisions amount to more than

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four and a half trillion dollars in tax reductions over

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the next decade according to the House estimates.

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Speaker 1: So four and a half trillion dollars in tax deduction.

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Speaker 2: But remember like three of that is from the tax

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cuts that were already put on the books in twenty

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seventeen that are now just going to continue. There are

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Medicaid reforms starting December twenty twenty six, so not this

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year but next year. End of next year. Able bodied

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childless adults must work or volunteer at least eighty hours

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a month to qualify for Medicaid, right, so unless you're disabled,

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if you are If you're disabled, that's a separate thing.

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But if you are able bodied, then you need to

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work or volunteer for eighty hours a month, which is

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twenty hours a week. That's a part time gig. That's

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less than a part time gig, right, Well, I mean

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that's not less than it's still a part time gig.

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Speaker 1: But like a lot of.

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Speaker 2: Part timers, what what's the cap on part time? It's

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like thirty five is it? Thirty five hours a week?

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That is not a difficult bar to cross. Also, parents

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with children fifteen and older would also be required to

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meet the eighty hour monthly threshold, and recipients must verify

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their income and residency every two years. There is a

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provider tax cap. This is what angered Tom Tillis because

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of the way the North Carolina Medicaid system got set

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up when they expanded it a year ago by giving

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a big fat provider tax rebate basically to our hospital industry.

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I'm going to go into the details on this as

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well later on, and I covered it a couple of

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days ago, but I feel like this is important. There's

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another piece written about the specifics of what North Carolina

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did and why Tillis was trying to get a carve out.

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Speaker 1: And that's the thing.

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Speaker 2: If they had given North Carolina a carve out, would

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Tillis have then voted for the bill? He may have,

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I don't know. Maybe he was trying to pull a Murkowski, right,

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he was trying to get a deal like she got. Oh,

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they also are creating a fifty billion dollar stabilization fund

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for rural hospitals. Okay, So if you hear Democrats talking

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about the closure of rural hospitals, they are either ignorant

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of or they want you to not know that there's

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a fund created for rural hospitals to stabilize them against

297
00:19:14,839 --> 00:19:19,839
whatever impact this might have. The Congressional Budget Office projects

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over eleven million people may lose Medicaid access if the

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bill is enacted. Well, if they work, they would retain it, right,

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00:19:31,039 --> 00:19:35,000
I mean that's the idea. There are also these types

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of reforms as part of the food stamp program. All right,

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if you're listening to this show, you know I try

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00:19:40,359 --> 00:19:42,119
to keep up with all sorts of current events, and

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00:19:42,200 --> 00:19:44,240
I know you do too, and you've probably heard me

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00:19:44,279 --> 00:19:46,839
say get your news from multiple sources.

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00:19:47,359 --> 00:19:47,599
Speaker 3: Why.

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00:19:47,960 --> 00:19:50,720
Speaker 2: Well, because it's how you detect media bias, which is

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00:19:50,720 --> 00:19:53,799
why I've been so impressed with ground News. It's an

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00:19:53,880 --> 00:19:57,279
app and it's a website, and it combines news from

310
00:19:57,319 --> 00:19:59,480
around the world in one place, so you can compare

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00:19:59,559 --> 00:20:02,640
coverage and verify information. You can check it out at

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00:20:02,720 --> 00:20:07,200
check dot ground, dot news slash Pete. I put the

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00:20:07,240 --> 00:20:10,400
link in the podcast description too. I started using ground

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00:20:10,400 --> 00:20:13,119
News a few months ago and more recently chose to

315
00:20:13,160 --> 00:20:15,079
work with them as an affiliate because it lets me

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00:20:15,119 --> 00:20:18,960
see clearly how stories get covered and by whom. The

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00:20:19,000 --> 00:20:22,000
blind spot feature shows you which stories get ignored by

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00:20:22,039 --> 00:20:25,880
the left and the right. See for yourself check dot ground,

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00:20:26,119 --> 00:20:29,759
dot news slash Pete. Subscribe through that link and you'll

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00:20:29,759 --> 00:20:32,960
get fifteen percent off any subscription. I use the Vantage

321
00:20:32,960 --> 00:20:36,440
plan to get unlimited access to every feature. Your subscription

322
00:20:36,559 --> 00:20:39,240
then not only helps my podcast, but it also supports

323
00:20:39,279 --> 00:20:42,559
ground News as they make the media landscape more transparent.

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00:20:43,559 --> 00:20:44,559
Speaker 1: Here's a Pete tweet.

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00:20:44,640 --> 00:20:48,279
Speaker 2: It's from Eric, who says it's amazing how tax breaks

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00:20:48,279 --> 00:20:52,559
are the only quote unquote cost Democrats are ever able

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00:20:52,680 --> 00:20:58,279
to identify. It's true, and I don't know, I don't

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know why that is.

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Speaker 1: Yeah, it didn't play. It was there you go.

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00:21:06,440 --> 00:21:10,119
Speaker 2: I gave yeah, here we go, there's your No, there

331
00:21:10,200 --> 00:21:11,880
it is. I finally heard it. It was a little

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00:21:11,920 --> 00:21:14,039
bit of a rimshot for you, Eric. I apologize you.

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00:21:14,400 --> 00:21:16,200
I mean, it wasn't that funny of a tweet. So

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we're going to give you like twenty percent.

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00:21:17,880 --> 00:21:18,480
Speaker 1: Of the rim shot.

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00:21:18,880 --> 00:21:22,279
Speaker 2: Okay, but it's yeah, it's amazing how tax breaks are.

337
00:21:22,279 --> 00:21:24,400
Speaker 1: I'm just kidding. It was just technical glitches here.

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00:21:24,640 --> 00:21:27,960
Speaker 2: Amazing how tax breaks are the only cost Democrats are

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00:21:28,000 --> 00:21:32,200
ever able to identify, right, the lack of the money

340
00:21:32,240 --> 00:21:36,799
coming in. They view it as a cost to them

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00:21:37,279 --> 00:21:41,799
to government. This is a loss to government. The fact

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00:21:41,799 --> 00:21:44,359
that you get to keep your money is a loss

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to them. This is a cost, right, No, this is

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00:21:49,960 --> 00:21:52,640
this is I'm trying to remember who it was that

345
00:21:52,680 --> 00:21:55,920
I first heard use this term, but it is completely accurate.

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00:21:56,119 --> 00:21:58,519
Speaker 1: I heard it at the state level where.

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00:22:00,599 --> 00:22:05,920
Speaker 2: A Republican was criticizing the Democrats in the legislature for

348
00:22:06,079 --> 00:22:10,920
their profligate spending and their structural deficits that they ran

349
00:22:11,079 --> 00:22:15,400
for years and years. And the philosophy is see a penny,

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00:22:15,839 --> 00:22:20,279
spend a penny any like if you I mean, think

351
00:22:20,279 --> 00:22:24,039
about it. You're doing budget projections when you are drafting

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00:22:24,039 --> 00:22:27,039
your budget because it's for the next year, so you're

353
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basing these things on projections, and when you end up

354
00:22:30,200 --> 00:22:33,480
taking in more money than you projected, you would actually

355
00:22:33,519 --> 00:22:40,119
receive the Democrat philosophy is automatically is to spend it. Oh,

356
00:22:40,160 --> 00:22:42,119
we took in more money than we thought we were

357
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going to take in. Yay, we can spend it now.

358
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And that's how we ended up with structural deficits because

359
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you kept spending and the revenue then would drop off,

360
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it would be lower than expected, and now you had

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no money. And that's why Republicans when they took over,

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00:22:58,519 --> 00:23:05,319
they beefed up their rainy day fund. And several times

363
00:23:05,480 --> 00:23:08,519
in the last what fifteen years since Republicans have taken

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00:23:08,559 --> 00:23:11,720
control of the General Assembly in Raleigh, they've given the

365
00:23:11,799 --> 00:23:14,039
money back to the taxpayers.

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Speaker 1: They've sent it.

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Speaker 2: Back there like we took him too much then we projected,

368
00:23:17,720 --> 00:23:21,599
so here's a refund. We didn't mean to take all

369
00:23:22,039 --> 00:23:27,279
of that. One of the changes in the Big Beautiful

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Bill is for food stamps, the supplemental Nutrition Assistance program,

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and I heard Ben Shapiro mentioned this on his podcast

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I think last night. He said, it's supplemental. It's not

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supposed to pay for all your food. It's supplemental. It's

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supposed to help supplement And that's why if you're going

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00:23:51,599 --> 00:23:57,279
to do the work requirements for able bodied people, for Medicaid,

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00:23:57,640 --> 00:24:01,440
it makes sense to do it for SNAP or food stamps.

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00:24:03,519 --> 00:24:14,200
And the Senate bill has a range of well, they

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00:24:14,279 --> 00:24:17,160
have a range of reimbursements that are going to be

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00:24:17,200 --> 00:24:21,559
based on the error rates. Okay, so you have states

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00:24:22,000 --> 00:24:26,440
that are administering the programs and from the with money

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00:24:26,480 --> 00:24:29,839
from the Feds, and they make mistakes, they have people

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on the roles that shouldn't be on the rolls and

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that sort of thing, and so, and they monitor this stuff,

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00:24:33,960 --> 00:24:36,400
they audit this stuff, and they find out, oh my gosh,

385
00:24:36,599 --> 00:24:38,960
you have a lot of people on your roles because

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00:24:38,960 --> 00:24:42,160
you've just approved everybody. And that's a high error rate.

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So states that have error rates above six percent would

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have to pay anywhere from five to fifteen percent of

389
00:24:51,720 --> 00:24:55,640
the program costs. So if you as a state are

390
00:24:55,680 --> 00:24:58,880
administering this program and you're just giving it out to

391
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people who otherwise are not eligible for it, but you

392
00:25:01,200 --> 00:25:03,200
just don't care because you just want to soak up

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all the federal money, and they find out that you've

394
00:25:05,759 --> 00:25:08,359
got an error rate above six percent, well now you're

395
00:25:08,359 --> 00:25:11,039
going to have to start paying for it, because you're

396
00:25:11,119 --> 00:25:15,599
supposed to be monitoring this. You're supposed to be you know,

397
00:25:15,640 --> 00:25:18,799
screening people out and making sure there's not waste, fraud,

398
00:25:18,839 --> 00:25:23,279
and abuse. They also raise the age limit for work

399
00:25:23,440 --> 00:25:28,519
eligible able bodied adults without dependence. It's going from fifty

400
00:25:28,519 --> 00:25:31,839
four years old up to sixty four years old. So

401
00:25:31,880 --> 00:25:33,880
if you can work and you don't have any dependance,

402
00:25:35,519 --> 00:25:41,279
and you're getting supplemental nutritional assistance food stamps, you should work.

403
00:25:42,599 --> 00:25:46,519
State flexibility. Here's the Murkowski bribe. I mean a deal.

404
00:25:47,000 --> 00:25:50,279
States like Alaska and Hawaii could receive waivers if they

405
00:25:50,279 --> 00:25:54,759
demonstrate good faith efforts to comply. Because I guess Murkowski

406
00:25:54,839 --> 00:25:59,119
was worried that her state can't actually get an error

407
00:25:59,200 --> 00:26:03,599
rate below six. I guess that's the Yeah, I guess

408
00:26:03,599 --> 00:26:04,519
that's the problem there.

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Speaker 1: Let's head over to the phones.

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00:26:06,240 --> 00:26:06,480
Speaker 3: Here.

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Speaker 1: This is Dave. Welcome to the show.

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00:26:08,279 --> 00:26:11,480
Speaker 3: Hello, Dave, Hey, p how's it going, Hey good?

413
00:26:11,519 --> 00:26:11,960
Speaker 1: What's up?

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00:26:12,599 --> 00:26:14,880
Speaker 3: All right? So we hear we hear that Tom tillis,

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00:26:15,000 --> 00:26:17,039
you know, and like Grand Paul and you know, and

416
00:26:17,079 --> 00:26:21,119
even Elon. You know, obviously the elected people don't not

417
00:26:21,160 --> 00:26:25,440
supporting this. Elon is critical about the bill, and you know,

418
00:26:25,599 --> 00:26:28,880
I hear he says, poor is so much pork in there?

419
00:26:28,960 --> 00:26:31,680
And then you hear you know, five trillion is going

420
00:26:31,720 --> 00:26:34,079
to be added to the deficits. So what exactly is that?

421
00:26:34,119 --> 00:26:37,160
And it's not a gotcha question, I just legitimately so

422
00:26:37,240 --> 00:26:40,640
the nobody soyfically talk about the specifics of that.

423
00:26:40,720 --> 00:26:43,400
Speaker 2: Right, So, I think the five trillion dollar number that

424
00:26:43,440 --> 00:26:45,519
you're talking about is the debt ceiling.

425
00:26:46,720 --> 00:26:47,599
Speaker 1: Yes, which is that?

426
00:26:47,799 --> 00:26:51,240
Speaker 2: And so that's the that's the that's the debt that

427
00:26:51,240 --> 00:26:52,279
we've not passed.

428
00:26:52,440 --> 00:26:54,839
Speaker 3: They're not passing a budget. They're just putting the ball

429
00:26:54,880 --> 00:26:56,799
again and they're just putting that in there.

430
00:26:56,680 --> 00:26:59,240
Speaker 1: Is Yeah, this is not a budget, right, you are correct.

431
00:26:59,240 --> 00:27:01,519
Speaker 2: This is not a budget. This is essentially like a

432
00:27:01,640 --> 00:27:05,519
continuing resolution. It's just a continuation.

433
00:27:07,839 --> 00:27:11,519
Speaker 3: What are they spending stuff on that we should be

434
00:27:11,839 --> 00:27:13,119
irritated about?

435
00:27:13,279 --> 00:27:15,880
Speaker 2: Right, Well, I mean there are people that are irritated

436
00:27:15,960 --> 00:27:20,720
with the medicaid reforms and the food stamp reforms that

437
00:27:20,759 --> 00:27:25,799
I've gone over. Yeah, they're mad about that because that

438
00:27:25,880 --> 00:27:28,799
will generate or allow the it's not going to generate revenue,

439
00:27:28,839 --> 00:27:31,640
it'll allow the federal government to not spend as much

440
00:27:31,680 --> 00:27:35,720
money on these programs. That's the big chunk of how

441
00:27:35,759 --> 00:27:38,480
they're paying for it. Now. For the debt ceiling. I

442
00:27:38,480 --> 00:27:41,480
think the House version was like four trillion. The Senate

443
00:27:41,559 --> 00:27:44,559
version is five trillion. And they're doing that in order

444
00:27:44,640 --> 00:27:48,319
to not have to come back and have a government

445
00:27:48,400 --> 00:27:52,519
shut down deadline looming for them before the next election.

446
00:27:52,839 --> 00:27:55,039
That's what they're That's what they're trying to do, is

447
00:27:55,079 --> 00:27:57,440
to kick the can down the road on the debt ceiling.

448
00:27:58,640 --> 00:27:59,400
Speaker 1: That's the five.

449
00:27:59,279 --> 00:28:01,160
Speaker 3: Trillion they need budget. They need a budget.

450
00:28:01,240 --> 00:28:04,039
Speaker 2: I agree, I agree, I'm not I'm not happy about

451
00:28:04,079 --> 00:28:06,319
all of this. I understand why they're doing it, but

452
00:28:06,359 --> 00:28:08,839
I'm not happy where like Ran.

453
00:28:08,799 --> 00:28:12,839
Speaker 3: Paul and Tom Tillis's specific you know, problems with it

454
00:28:12,920 --> 00:28:14,039
that they didn't vote for it.

455
00:28:14,400 --> 00:28:15,920
Speaker 1: So so I did.

456
00:28:16,160 --> 00:28:18,759
Speaker 2: I covered this in depth on Monday when Tillis and

457
00:28:19,000 --> 00:28:20,960
said he was not no sorry, when he was run

458
00:28:21,039 --> 00:28:23,880
he was not going to run for reelection, and I

459
00:28:23,960 --> 00:28:26,440
played his floor speech where he was railing against this

460
00:28:26,599 --> 00:28:31,119
Medicaid reform structure. Rand Paul is against it because it's

461
00:28:31,119 --> 00:28:33,880
not paid for. Rand Paul wants a balanced budget.

462
00:28:34,279 --> 00:28:35,960
Speaker 3: You can plug your podcast now.

463
00:28:36,079 --> 00:28:38,359
Speaker 1: Okay, yeah, the peapod dot com. But so you can

464
00:28:38,400 --> 00:28:40,160
go back and listen to the Monday episode. But I'm

465
00:28:40,200 --> 00:28:41,680
actually gonna I'm gonna.

466
00:28:41,400 --> 00:28:44,880
Speaker 2: Circle back like Pasaki would, and I'm gonna circle back

467
00:28:44,880 --> 00:28:49,160
on Tillis's argument on the medicaid issue because it's to me,

468
00:28:49,400 --> 00:28:53,119
it's it's pretty offensive the argument that he was making

469
00:28:53,160 --> 00:28:55,400
on this, because it's basically a scam. And I'm gonna

470
00:28:55,519 --> 00:28:58,240
I will get back to that. But that's the five trillion, Dave.

471
00:28:58,279 --> 00:29:01,359
I appreciate the call man. The five trillion figure is

472
00:29:01,400 --> 00:29:04,519
the debt ceiling. You know. Stories are powerful. They help

473
00:29:04,599 --> 00:29:08,319
us make sense of things, to understand experiences. Stories connect

474
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us to the people of our past while transcending generations.

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They help us process the meaning of life, and our

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stories are told through images and videos. Preserve your stories

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with Creative Video started in nineteen ninety seven and min Hill,

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North Carolina. It was the first company to provide this

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valuable service, converting images, photos and videos into high quality

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produced slide shows, videos and albums. The trusted, talented and

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dedicated team at Creative Video will go over all of

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the details with you to create a perfect project. Satisfaction guaranteed.

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Drop them off in person or mail them. They'll be

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ready in a week or two. Memorial videos for your

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loved ones videos for rehearsal, dinners, weddings, graduations, Christmas, family vacations, birthdays,

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or just your family stories all told through images. That's

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what your photos and videos are. They are your life

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told through the eyes of everyone around you and all

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who came before you, and they will tell others to

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come who you are. Visit creative video dot Com. Charles CW. Cook,

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who's a national treasure even though he's from Britain, but

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he's an American citizen now, he made this point yesterday

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on a podcast I think it was the Megan Kelly podcast.

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Speaker 1: He said that something to.

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Speaker 2: Always keep in mind with GOVCO accounting and the rhetoric

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around it is that a cut is not a reduction

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in the rate of growth.

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Speaker 1: Okay, that's not a cut.

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Speaker 2: So if the Congressional Budget Office comes out and they're like,

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you know, we are seeing or we're projecting that growth

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is going to be like the growth in a government

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program is going to be three percent each year over

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the next ten years, three percent each year over ten years,

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and then the Senate is like, yeah, you know what,

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we're going to limit that to two percent growth, And

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then that gets framed as a cut because it's not

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growing at the rate that the CBO predicted or projected

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or wanted or whatever. Like, they're not the same things.

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You and I don't do our budgets like this. We

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don't see these things as cuts. If you're like, hey,

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you know what, I spend a one hundred dollars a

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week eating out and I'm gonna I'm gonna just keep

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that level for the whole next year two rather than

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increase it, I'm gonna keep it level. You would not say, well,

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I wanted to take it to one hundred and fifty

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dollars a week eating out in my budget, but I'm

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going to keep it at one hundred. You wouldn't say

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that I'm cutting fifty dollars out of my budget, because

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you're not. You're maintaining a one hundred dollars a week

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dining out budget.

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Speaker 1: What else is in.

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Speaker 2: The the large attractive legislation or the big beautiful bill?

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Wall construction? Yeah, remember that, remember that promise? Build a

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wall just got ten feet taller. There is an allocation

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of forty six point five billion dollars for wall construction

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and maintenance along the southern border. This will also include

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cameras and other kinds of you know, tech to help

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with the border security. They're going to increase detention capacity,

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so they are expanding detention facilities, which is actually a

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big part of the issue that ICE and Border Patrol

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are running into where they don't have a lot of

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space to house the people that they're collecting right while

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they wait deportation. So they've got forty five billion dollars

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earmarked for increased detention capacity, along with another thirty billion

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dollars to hire, train, and purchase equipment for more US

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Immigration and Customs enforcement personnel. Also, there's a one hundred

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dollars fee for asylum seekers. Now, the House proposal set

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the fee at one thousand dollars, but that now got

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or a knocked back to one hundred dollars fee. This

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is an offensive part of the bill to me, which

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is the State and Local tax deduction. State and local

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tax deduction, which is salt salt state in local taxes.

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Under the current law, it is capped at ten thousand dollars.

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So if you live in a high tax state aka

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Democrat controlled states, and they tax you a whole bunch

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of money, you get to deduct ten thousand dollars of it,

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which means what, which means subsidies for high tax states.

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Speaker 1: The Senate bill increases.

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Speaker 2: Is the cap to forty thousand dollars, but it's only

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for four years or five years. After that the cap

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would go back to ten thousand dollars. And this is

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to satisfy a bunch of Republicans from high tax states,

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the Salt Caucus they call themselves. That was their bribes

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that they needed. The bill raises the debt ceiling by

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five trillion dollars, that exceeds the four trillion dollar hike

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in the House version. This provision is intended to avoid

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a potential standoff over government borrowing later this year, with

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Treasury officials warning that the US could run out of

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funds by August. Fiscal conservatives have criticized this provision, calling

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it a betrayal of Republican pledges to reign in spending,

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which yeah it is, Yeah, it absolutely is. And then

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I mentioned Lisa Murkowski. The bill seeks to impose spending

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cuts on foods, damps, and medicaid. Murkowski, from Alaska, was

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worried that the strict cuts would disproportionately affect her state, Alaska,

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which relies heavily on federal funding for those programs. Senators

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eventually agreed to exempt Alaska from potential changes to food

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stamps and to increase federal funding for rural hospitals over

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the next five years by twenty five billion dollars, and

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Senators also removed a solar and wind tax from the bill,

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hoping to appease Murkowski. She walked away unhappy with the bill,

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but she still voted yes. All right, that'll do it

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00:35:34,480 --> 00:35:37,079
for this episode. Thank you so much for listening. I

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could not do the show without your support and the

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00:35:39,280 --> 00:35:42,320
support of the businesses that advertise on the podcast, so

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00:35:42,400 --> 00:35:44,480
if you'd like, please support them too and tell them

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00:35:44,480 --> 00:35:46,440
you heard it here. You can also become a patron

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00:35:46,519 --> 00:35:50,760
at my Patreon page or go to thepetecallanershow dot com. Again,

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00:35:51,000 --> 00:35:53,559
thank you so much for listening, and don't break anything

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while I'm gone.