Latest / The Ben Ferguson Podcast / Big Beautiful Bill Breaks Records, brings Tax Cuts, builds Border Wall & provides Energy Independence

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Big Beautiful Bill Breaks Records, brings Tax Cuts, builds Border Wall & provides Energy Independence · The Ben Ferguson Podcast

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  Speaker 1: This is air conditions facility.
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  Speaker 2: So if any of the news claims are keeping him
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  Speaker 2: out in the hot hum itself Florida, that is wrong.
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  Speaker 2: It's probably sixty two to bring.
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  Speaker 1: Here to be under So, hey, Biden wanted me in here. Okay,
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  Speaker 1: he wanted me. It didn't work out that way, but
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  Speaker 1: he wanted me.
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  Speaker 2: You're listening to the forty seven Morning Update with Ben ferguson.
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  Speaker 1: Good Wednesday morning. So nice to have you with us
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  Speaker 1: on the forty seven Morning Update. And we have big news.
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  Speaker 1: The Senate has passed Donald Trump's Big, Beautiful Bill. It
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  Speaker 1: is now one step closer to going to the President's
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  Speaker 1: desk for a signature and still online for a July
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  Speaker 1: fourth signing. So what made it into the bill that
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  Speaker 1: is now headed back to the House from the Senate.
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  Speaker 1: I break it all down for you. But first, right now,
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  Speaker 1: all of us, our help is needed with the people
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  Speaker 1: that are under attack in Israel. We know that Israel
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  Speaker 1: is at war with Iran, a nation that is vowed
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  Speaker 1: to wipe Israel and in the United States of America
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  Speaker 1: off the map. In a necessary act of self defense,
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  Speaker 1: Israel struck Iranian nuclear facilities, military targets, and their top leadership,
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  Speaker 1: and right now, the International Fellowship of Christians and Jews
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  Speaker 1: is on the ground preparing large scale distributions of life
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  Speaker 1: saving food, first date and emergency kits, especially to Israel's
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  Speaker 1: most vulnerable people, the sick, the elderly, children, and families
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  Speaker 1: that are in great need. The Fellowship is also making
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  Speaker 1: sure that hospitals, emergency rooms, and shelters are fully stocked
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  Speaker 1: with critical and life saving medical supplies. But the Fellowship
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  Speaker 1: needs your most generous gift today to make this work possible.
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  Speaker 1: If you want to stand with the people in Israel
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  Speaker 1: and you want to bless them and support them as
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  Speaker 1: they are under attack, now is your time to stand
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  Speaker 1: with those that are the most vulnerable in Israel. You
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  Speaker 1: can call them and give your donation right now to
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  Speaker 1: have an impact virtually instantly on what's going on. Eight
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  Speaker 1: for eight eight if CJ. You can also go online
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  Speaker 1: and give it IFCJ dot org. That's IFCJ dot org.
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  Speaker 1: It's the forty seven Morning Update and it starts right now.
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  Speaker 2: Story number one.
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  Speaker 1: Congratulations America. The Senate has passed Donald Trump's Big Beautiful Bill.
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  Speaker 1: Now one final step from President Trump's desk as it
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  Speaker 1: goes back to the House, and President Trump is very
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  Speaker 1: excited about what is happening at the moment. Now, the
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  Speaker 1: Senate passed the Big Beautiful Bill Tuesday after the longest
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  Speaker 1: in history, a twenty seven hour amendment vote rama. It
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  Speaker 1: is a new record, and Vice President JD. Vance casts
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  Speaker 1: a tie breaking vote on final passage, as well as
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  Speaker 1: during a couple of the final amendment votes beforehand. Now,
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  Speaker 1: the bill includes an enormous assembly of Trump campaign promises
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  Speaker 1: on border security, energy, national security issues, spending cuts, and
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  Speaker 1: also massive tax cuts for all Americans. The bill also
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  Speaker 1: includes medicaid reforms and an increase in defense spending, putting
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  Speaker 1: America yet again. First. Now, it did not come easy.
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  Speaker 1: Tensions have been high at times, but we're at the
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  Speaker 1: end now, is how centter Lindsey Graham put it, saying
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  Speaker 1: the Budget Committee chairman that the enthusiasm through bloodshot eyes, well,
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  Speaker 1: it was still there during the final vote series. The
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  Speaker 1: final series of votes also came after an agreement ensuring
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  Speaker 1: that the Majority Leader, John Thune had the votes to
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  Speaker 1: pass the legislation and wrap up amendment votes as well.
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  Speaker 1: But in the spirit of the exercise. Last minute drama
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  Speaker 1: cast the bill's future into real question, as many were
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  Speaker 1: worried if you could buy off a member of the
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  Speaker 1: Senate to get them to switch their vote. Finally, at
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  Speaker 1: ten to twelve am Eastern Standard time, senators were instructed
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  Speaker 1: to make their way to the floor and planned to
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  Speaker 1: be in their seat in fifteen minutes. Over an hour later,
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  Speaker 1: a large group of Senators was still huddling at the diocese,
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  Speaker 1: negotiating with the help of Senate staff, including the Senate Parliamentarian. Eventually,
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  Speaker 1: an agreement was reached and the Senate, very anxious to
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  Speaker 1: end the marathon session, breezed through the final votes. Senators
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  Speaker 1: Tom Tillis and Senator Ran Paul, both Republicans who voted
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  Speaker 1: against proceedings to the bill, voted against the passage as well.
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  Speaker 1: They were joined by liberal Republicans Susan Collins, whose amendment
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  Speaker 1: to raise taxes on billionaires to pay for a fund
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  Speaker 1: for rural hospitals was soundly defeated by the way her
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  Speaker 1: amendment received a quote bipartisan of just twenty two Senators
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  Speaker 1: voting in favor of it. We also had some fireworks
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  Speaker 1: from Senator Lisa Murkowski, you know her as the Republican
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  Speaker 1: from Alaska required a lastman agreement on a Medicaid carve
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  Speaker 1: out for her state after the Senate Parliamentarian rule. The
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  Speaker 1: prior agreement violated the much ballyhooed Bird rule, which governs
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  Speaker 1: what can be included in reconciliation bills. Her withdrawal of
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  Speaker 1: support despite receiving an additional carve out for Alaska on
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  Speaker 1: food stamps threw the bill's passage into real question. So
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  Speaker 1: what happened next? Well, the big beautiful bill now heading,
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  Speaker 1: thank goodness, to the House, where a one full of
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  Speaker 1: moderates have protested the Medicaid reforms and a large block
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  Speaker 1: of spending hawks, mostly consisting of House Freedom Caucus members,
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  Speaker 1: are saying they want more spending cuts in line with
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  Speaker 1: the version of the House bill that was actually sent
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  Speaker 1: to the Senate originally. Now, the first procedural vote is
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  Speaker 1: actually expected for Wednesday morning at nine am Eastern Standard time.
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  Speaker 1: Trump is also mandating that July fourth deadline, and Trump
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  Speaker 1: is likely to lobby, make phone calls, even talk about
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  Speaker 1: primarying people and twisting arms whatever is necessary to secure
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  Speaker 1: his signature legislative achievement. Now you may be asking yourself
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  Speaker 1: what is actually in this bill that has left the Senate.
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  Speaker 1: Let me give you that list because it's an important one.
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  Speaker 1: Number one, this bill delivers the largest tax cut in
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  Speaker 1: history of the United States of America for middle and
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  Speaker 1: working class Americans. Bigger paychecks of ten thousand dollars more
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  Speaker 1: in annual take home pay for families as well. A
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  Speaker 1: massive campaign idea is now reality. No tax on tips,
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  Speaker 1: which will expand middle class America like we've never seen before.
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  Speaker 1: We also are going to reward people that work hard
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  Speaker 1: with no tax on overtime, incentivizing people to work more
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  Speaker 1: to get ahead, and something that should have happened a
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  Speaker 1: long time ago. No tax on Social Security, giving more
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  Speaker 1: security to seniors, especially when cost of living has skyrocketed.
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  Speaker 1: We also have no tax on made and America auto loans.
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  Speaker 1: Let me say that again, no tax on made in
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  Speaker 1: America auto loans, which will help prop up American made
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  Speaker 1: automobiles and incentivize Americans to look at America first. You
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  Speaker 1: will also help with massive amounts of manufacturing jobs, keeping
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  Speaker 1: Americans working in manufacturing. It also protects two million family
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  Speaker 1: farms from punitive double taxation, something that's been a huge
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  Speaker 1: problem in this country. Permanent increases to the child tax credit.
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  Speaker 1: Let me say that again, permanent increases to the child
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  Speaker 1: tax credit, supporting over forty million American families. Also, a
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  Speaker 1: vote against this bill is a vote for the largest
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  Speaker 1: tax increase in history, something that Republicans did a very
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  Speaker 1: good job of selling to the American people. It also
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  Speaker 1: in this bill recentded billions in green news scam funding,
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  Speaker 1: which DOGE and the Trump administration had exposed in the
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  Speaker 1: last several months. It restores fiscal sanity, slashing deficits by
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  Speaker 1: roughly two trillion dollars. Yes, there are many in the
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  Speaker 1: House that want more than that, and we'll have to
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  Speaker 1: see what happens moving forward. We also know that this
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  Speaker 1: bill eliminated waste, fraud, and abuse from the bloated federal
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  Speaker 1: programs that we have now been exposing through DOGE and
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  Speaker 1: permanently securing our southern and northern borders, something the President
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  Speaker 1: said needed to be in this bill. We also know
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  Speaker 1: that this bill deports at least one million illegal aliens
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  Speaker 1: a year. Yes, that is also in the bill, And
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  Speaker 1: it makes the largest investment in border security in an
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  Speaker 1: entire generation, providing nearly one hundred and fifty billion to
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  Speaker 1: secure our border and also to deport illegal aliens, which
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  Speaker 1: the American people voted for. The bill also includes finishing
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  Speaker 1: Phase two of the border wall, something Donald Trump campaigned
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  Speaker 1: on back all the way in twenty sixteen, and it
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  Speaker 1: shifts the cost of adjudication in the immigration se system
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  Speaker 1: from the American taxpayer to the illegal aliens. We also
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  Speaker 1: know that we're hiring it because of this bill, hiring
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  Speaker 1: ten thousand new ICE agents, more than five thousand Customs officers,
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  Speaker 1: and more than three thousand new border patrol agents, yet
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  Speaker 1: again sending a message to the cartels and terrorists that
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  Speaker 1: you don't want to try to sneak in to the
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  Speaker 1: United States of America or ship your drugs into this country,
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  Speaker 1: because we're coming for you. There's also funds for the
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  Speaker 1: Golden Dome Missile Defense System to confront the twenty first
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  Speaker 1: century threats, something the President and the DoD talked about
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  Speaker 1: extensively with the American people. We know that we need
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  Speaker 1: to put America first when it comes to our national security,
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  Speaker 1: and that's exactly why the funds were included in this
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  Speaker 1: bill for the Golden Dome Missile Defense System. We also
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  Speaker 1: know the bill delivers the largest coast guard upgrade since
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  Speaker 1: World War Two. Why are we doing that? Because that's
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  Speaker 1: where the fetinyl is coming into this country and the
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  Speaker 1: criminal cartels are clearly exploiting our open seas. Now we
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  Speaker 1: will have the largest coast guard upgrade that we've had
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  Speaker 1: since World War Two, something that needed to happen decades ago. Finally,
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  Speaker 1: the bill modernized our military to ensure it has the
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  Speaker 1: resources to be ready and encourages a lethal fighting force.
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  Speaker 1: After four years of weakness by the Biden administration, we've
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  Speaker 1: fallen behind China, but ninety longer. It also ends Biden's
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  Speaker 1: war on American energy and drives down energy costs, something
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  Speaker 1: that was important in this bill to make sure that
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  Speaker 1: we as a nation are in fact energy independent, something
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  Speaker 1: that the prior administration did everything they could to make
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  Speaker 1: sure that we were weak as a nation. And it
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  Speaker 1: all j Unleasha's domestic oil, domestic gas, as well as
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  Speaker 1: nuclear power, restoring what made America great all along the
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  Speaker 1: ability to function without relying on Middle Eastern countries or
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  Speaker 1: anyone else that's producing oil around the world, including places
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  Speaker 1: like Russia. So if you want to know what's in
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  Speaker 1: this America, first, this big, this beautiful Bill Well, here's
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  Speaker 1: what's in it Now, it moves back to the House
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  Speaker 1: and hopefully it will be moving within days to the
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  Speaker 1: President's desk for a big celebration signing on July fourth.
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  Speaker 2: Thank you for listening to the forty seven Morning Update
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  Speaker 2: with Ben Ferguson. Please make sure you hit subscribe wherever
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  Speaker 2: and we will see you back here tomorrow.