Latest / The Ben Ferguson Podcast / Major Tax Cuts for virtually EVERY American Taxpayer, plus Bringing Ship-Building & Manufacturing Jobs Back to America

Transcript

Major Tax Cuts for virtually EVERY American Taxpayer, plus Bringing Ship-Building & Manufacturing Jobs Back to America · The Ben Ferguson Podcast

• 0:00
  Speaker 1: Welcome.
• 0:00
  Speaker 2: It is Vertic with Center, Ted Cruz, Ben Ferguson with you.
• 0:03
  Speaker 2: It's nice to have you with us and Center. We've
• 0:05
  Speaker 2: got some data that has come back and it should
• 0:07
  Speaker 2: make every American excited, especially hard working Americans that are
• 0:12
  Speaker 2: working hourly wages, working over time. They are taking huge
• 0:17
  Speaker 2: advantage of the major tax cuts that were passed in
• 0:20
  Speaker 2: the Big Beautiful Bill.
• 0:22
  Speaker 3: Well, we have some stunning results in terms of how
• 0:24
  Speaker 3: nearly every American in this country got a meaningful tax
• 0:28
  Speaker 3: cut from the working family's tax cut.
• 0:30
  Speaker 4: We're going to break that all down for you.
• 0:31
  Speaker 3: We're also going to talk about bringing manufacturing and shipbuilding
• 0:36
  Speaker 3: back to America and in particular defeating Russia and China
• 0:40
  Speaker 3: in the Arctic with ice cutters, a big national security
• 0:44
  Speaker 3: step forward and a big step forward for jobs and
• 0:48
  Speaker 3: for the future of manufacturing in America. But before we
• 0:51
  Speaker 3: do all that, I need to ask you. For those
• 0:54
  Speaker 3: of you who are not watching the video. And by
• 0:56
  Speaker 3: the way, we do this on YouTube, we do this
• 0:57
  Speaker 3: on rumble. But if if you're not watching the video,
• 1:01
  Speaker 3: I need to ask you, man, are you trapped in
• 1:04
  Speaker 3: some sort of Paisley Hell? Like? It really does seem
• 1:09
  Speaker 3: like this prison cell of beige Paisley behind you that
• 1:16
  Speaker 3: I'm looking at you, going, what on earth are my
• 1:20
  Speaker 3: eyes gazing upon?
• 1:21
  Speaker 2: So I am more patriotic in love America more than
• 1:25
  Speaker 2: you do right now in this moment, because I am
• 1:27
  Speaker 2: in Boston and we are doing our family vacation, and
• 1:31
  Speaker 2: I am at the oldest hotel, like running, continuously running
• 1:35
  Speaker 2: hotel in American history. And this is the room that
• 1:38
  Speaker 2: they put me in to do the show tonight, which
• 1:40
  Speaker 2: is one of their meeting boardrooms, but it is the
• 1:43
  Speaker 2: oldest hotel in America. It's right where like everything happened
• 1:47
  Speaker 2: in Boston, all the history is out in the front
• 1:50
  Speaker 2: door and to the right, and so that's where I
• 1:52
  Speaker 2: am right now. Plus you know the park House roles,
• 1:54
  Speaker 2: because don't act like you don't know what a park
• 1:56
  Speaker 2: House role is. I know you love those, right, you
• 1:58
  Speaker 2: love those roles. You know what I'm talking about? The
• 1:59
  Speaker 2: East I'm waiting. You're a fan, right.
• 2:02
  Speaker 3: Trying very hard to do no carbs, So yes, I
• 2:05
  Speaker 3: love them, but I'm trying to do no carbs, so
• 2:07
  Speaker 3: I'm trying not to have them.
• 2:08
  Speaker 2: Okay, So I am at the hotel where those were created.
• 2:12
  Speaker 2: And so when you get here, they tell you they're like,
• 2:14
  Speaker 2: by the way, this is the park house.
• 2:16
  Speaker 1: That's yes, the roles.
• 2:17
  Speaker 2: You can go in the restaurant right here, and you
• 2:19
  Speaker 2: can get the original recipe that started and went all
• 2:22
  Speaker 2: over the country. So there you go. So I got
• 2:24
  Speaker 2: even that on you. And they were really good. If
• 2:26
  Speaker 2: you were here, I promise you would partake.
• 2:28
  Speaker 1: They're that good.
• 2:29
  Speaker 3: So I will say for the record, you're saying that
• 2:32
  Speaker 3: that for vacation with your family, you felt the need
• 2:36
  Speaker 3: to flee bright Red, Texas, to flee the land of liberty,
• 2:39
  Speaker 3: the land of individual rights, to go to Elizabeth Warren's hometown,
• 2:44
  Speaker 3: that you wanted to be surrounded by Marxists who want
• 2:47
  Speaker 3: to take your guns?
• 2:48
  Speaker 4: Is that right? Is that you're wrong your family vacation choice.
• 2:53
  Speaker 1: Well, the family vacation.
• 2:54
  Speaker 5: Was We're going to go to where America started in
• 2:57
  Speaker 5: the two hundred and fiftyth anniversary, and we wanted to
• 3:00
  Speaker 5: show them all of it America was and and where
• 3:02
  Speaker 5: it began and where everything where people fought and died
• 3:06
  Speaker 5: for this country.
• 3:07
  Speaker 1: And I figure they're old enough to do that. So
• 3:09
  Speaker 1: that is that is the amen.
• 3:11
  Speaker 4: Amen.
• 3:12
  Speaker 3: And And and as you know, I lived in Boston
• 3:14
  Speaker 3: three years during law school. And and and I will say,
• 3:18
  Speaker 3: I don't like the politics.
• 3:20
  Speaker 1: Of the name of that law school you went to.
• 3:21
  Speaker 1: Is we should make sure we get that out there right.
• 3:24
  Speaker 3: Uh uh it was Boston Community College. And uh.
• 3:29
  Speaker 4: Look, look, I don't like.
• 3:31
  Speaker 3: Their politics of of who they they elect uh into office.
• 3:36
  Speaker 3: But I will say Boston is a a beautiful city
• 3:40
  Speaker 3: and and be the history Boston, along with with with
• 3:44
  Speaker 3: Philadelphia and New York or are probably the most important
• 3:49
  Speaker 3: cities in the founding of our country. And and in
• 3:51
  Speaker 3: terms of of just where the founding. And also Virginia,
• 3:55
  Speaker 3: not sort of Richmond, but kind of all of Virginia.
• 3:58
  Speaker 3: You look at those collective they produced the most extraordinary
• 4:04
  Speaker 3: generation of statesmen between Thomas Jefferson and Virginia and the
• 4:09
  Speaker 3: author of the Declaration of Independence, an extraordinary leader, John
• 4:13
  Speaker 3: Adams from Boston, Samuel Adams from Boston, Alexander Hamilton from
• 4:19
  Speaker 3: from New York via the Caribbean, George Washington for Virginia,
• 4:23
  Speaker 3: like like those for anyone who knows American history, Boston
• 4:29
  Speaker 3: is an extraordinary place. And you know what, I still
• 4:33
  Speaker 3: have hope and call me listen. I mean, when I
• 4:36
  Speaker 3: was a kid. We referred to it as the People's
• 4:38
  Speaker 3: Republic of Taxachusets.
• 4:40
  Speaker 4: I still have hope.
• 4:41
  Speaker 3: I will tell you, I've spent real time campaigning, and
• 4:43
  Speaker 3: I've lived in Boston three years.
• 4:44
  Speaker 4: I spent time. There are good.
• 4:46
  Speaker 3: Conservatives there, and most of them are sort of beaten
• 4:48
  Speaker 3: down and they think, like the Harvard faculty, liberals will
• 4:51
  Speaker 3: run the state forever. I actually have hope, even for
• 4:54
  Speaker 3: bright blue states like that, that the pendulum can shift.
• 4:58
  Speaker 4: But that being said, it hasn't shifted yet, all right.
• 5:01
  Speaker 2: So, by the way, we have verdict listeners here. We
• 5:03
  Speaker 2: have had two thumbs up while we were walking a lot. Yeah,
• 5:08
  Speaker 2: and that's a lot for here. And then we've had
• 5:10
  Speaker 2: three middle fingers to me while walking around with a family.
• 5:13
  Speaker 2: So we're almost at like fifty to fifty, which is
• 5:15
  Speaker 2: a lot higher than I thought we'd be at this point.
• 5:18
  Speaker 1: You got to keep track of it, and you'll love this.
• 5:20
  Speaker 3: By the way, did I ever tell you, Okay, did
• 5:23
  Speaker 3: I ever tell you?
• 5:24
  Speaker 4: A couple of years.
• 5:24
  Speaker 3: Ago, I was down on the US southern border in Mexico,
• 5:28
  Speaker 3: in Texas, but coming in from Mexico, and it was
• 5:31
  Speaker 3: a border checkpoint where there were a lot of eighteen
• 5:34
  Speaker 3: wheeler truckers coming across, and I was just standing at
• 5:36
  Speaker 3: the checkpoint, and so there's just eighteen wheeler after eighteen
• 5:39
  Speaker 3: wheeler coming across.
• 5:40
  Speaker 4: And I got to say, if you're driving.
• 5:43
  Speaker 3: A truck across the US Mexico border, you're not expecting
• 5:48
  Speaker 3: to see like the Texas Senator standing there.
• 5:52
  Speaker 1: At the checkpoint. That's a fair point.
• 5:53
  Speaker 3: Yeah, every truck truck driver is startled. And I actually
• 5:59
  Speaker 3: took an informal pole. Yeah, and almost every single truck
• 6:04
  Speaker 3: driver gave me a finger, either the thumb or the
• 6:07
  Speaker 3: middle finger.
• 6:08
  Speaker 4: Ah. And it was a beautiful informal pole.
• 6:12
  Speaker 3: And I got to tell you that that particular day
• 6:14
  Speaker 3: the survey, the ratio was about eighty twenty. I got
• 6:17
  Speaker 3: about eighty percent thumbs up compared to twenty percent middle fingers.
• 6:20
  Speaker 3: But almost nobody refrained from expressing a view and it
• 6:23
  Speaker 3: was just one finger or the other.
• 6:24
  Speaker 4: And I kind of laughed at all of them. I
• 6:27
  Speaker 4: said thank you and waved yeah.
• 6:28
  Speaker 2: You think you Yeah, God bless you, and be safe
• 6:30
  Speaker 2: on the roadways, right, so you'll like this. My oldest said, hey, Dad,
• 6:33
  Speaker 2: I want to see Harvard and I was like, we're
• 6:36
  Speaker 2: not going to go to it and waste her time.
• 6:38
  Speaker 2: I was like, Dad has spoken at the Kinning school
• 6:40
  Speaker 2: several times, so one day maybe if I do that again,
• 6:42
  Speaker 2: if they invite me back, then you can go. But
• 6:44
  Speaker 2: I said, we will drive and I'll show you where
• 6:46
  Speaker 2: it is, but you ain't going to college there that was.
• 6:49
  Speaker 2: That was like that not happening. You're not going to Harvard,
• 6:52
  Speaker 2: and I feel good about that. I feel good that
• 6:54
  Speaker 2: that was like good parenting.
• 6:55
  Speaker 3: One O one, All right, Ben, let me let me
• 6:58
  Speaker 3: ask you this quite seriously. Are world class golfers? Oh
• 7:02
  Speaker 3: my reaction be I gotta tell you admitted them and
• 7:05
  Speaker 3: asked them to play on the Harvard golf team.
• 7:07
  Speaker 2: Oh, I would say probably, not just no, but hell no,
• 7:10
  Speaker 2: that would just be because I don't want their mind
• 7:12
  Speaker 2: to just be totally corrupted. But I gotta tell you this.
• 7:15
  Speaker 2: I didn't I tell you this, So this is exact news.
• 7:17
  Speaker 2: Bradley yesterday, this is super fun. He was three over
• 7:22
  Speaker 2: through six holes. He knew that he was three off
• 7:26
  Speaker 2: the lead. He went Bertie Eagle to qualify for the
• 7:29
  Speaker 2: World Championships next year, went into a three way off
• 7:34
  Speaker 2: and in the three way playoff, he eagled the hole
• 7:37
  Speaker 2: to beat the other two kids who had par puttch.
• 7:40
  Speaker 1: So he's going to World next year. I just had
• 7:41
  Speaker 1: to tell you. It was like the.
• 7:42
  Speaker 2: Most fun moment being a dad caddying because he knew
• 7:45
  Speaker 2: what he had to do.
• 7:45
  Speaker 5: He went Bertie eagerly looked at me and he gave
• 7:47
  Speaker 5: me a fist pump and walked off the green.
• 7:49
  Speaker 1: It was so fun.
• 7:49
  Speaker 2: But if Harvard calls and says we got you a
• 7:52
  Speaker 2: full ride, I'm gonna be like, well, that's good news,
• 7:54
  Speaker 2: because that means a bunch of other schools are gonna
• 7:56
  Speaker 2: call and give you a full ride one day. And
• 7:58
  Speaker 2: I just I can't imagine sending them to Harvard knowing
• 8:02
  Speaker 2: how liberal and woke they are. Now, maybe it'll change.
• 8:04
  Speaker 2: I'd love for it to change, because when I was
• 8:06
  Speaker 2: in school, I would have gone to Harvard if I
• 8:07
  Speaker 2: would have gotten in, but I didn't.
• 8:09
  Speaker 1: But I also didn't apply. Let's be clear.
• 8:11
  Speaker 2: But I mean like I wasn't afraid of it in
• 8:13
  Speaker 2: two thousand when I was graduating. Then am I going
• 8:17
  Speaker 2: to college now? I would be terrified to send my
• 8:19
  Speaker 2: kid to Harvard.
• 8:21
  Speaker 4: Look, we'll see.
• 8:22
  Speaker 3: I hope those schools come back and I will say
• 8:26
  Speaker 3: my Alma Maters, Princeton, and Harvard. I think are probably
• 8:29
  Speaker 3: embarrassed that I graduated from there. That doesn't make me
• 8:34
  Speaker 3: terribly happy, But I do think that that there's a lot,
• 8:40
  Speaker 3: there's a lot to recommend them.
• 8:41
  Speaker 4: I had a wonderful time. I loved my time in college.
• 8:43
  Speaker 4: I loved my time in.
• 8:44
  Speaker 3: Law school, and I do you know, part of me
• 8:48
  Speaker 3: grieves at how woke higher education has gotten, particularly the
• 8:54
  Speaker 3: more elite academic.
• 8:55
  Speaker 4: Institutions, and I hope that changes.
• 8:57
  Speaker 3: I do think one of the things the Trump administration
• 9:00
  Speaker 3: is trying to do is to try and to take
• 9:02
  Speaker 3: on the woke culture. That's a hard thing to change, yes,
• 9:05
  Speaker 3: but listen, I would like many of our nation's leaders,
• 9:11
  Speaker 3: historically and probably in the future will continue to get
• 9:14
  Speaker 3: educations at the most exclusive schools, and I would like
• 9:19
  Speaker 3: them to be not communists and doctrination camp. So my
• 9:22
  Speaker 3: hope is they'll get better over time.
• 9:24
  Speaker 4: I don't know if they will.
• 9:25
  Speaker 2: All right senat So let's get into these incredible tax breaks,
• 9:28
  Speaker 2: and this is a story that the media is refusing
• 9:31
  Speaker 2: to cover because it's such incredible news for the average American,
• 9:34
  Speaker 2: hard working American. Before we get to that, though, I
• 9:37
  Speaker 2: do want to take a moment and talk to you
• 9:38
  Speaker 2: about the International Fellowship of Christians and Jews and the
• 9:41
  Speaker 2: work that is continuing to be done for those in
• 9:44
  Speaker 2: need right now in Israel. When you hear about Israel
• 9:47
  Speaker 2: and the news, it's easy to think of headlines, politics,
• 9:50
  Speaker 2: or another conflict far away. But for families in Israel
• 9:54
  Speaker 2: and Jews around the world, this is incredibly personal. Anti
• 9:57
  Speaker 2: Semitic attacks in the Holy Land and across the globe
• 10:00
  Speaker 2: are happening right now. Elderly Holocaust survivors who endured so
• 10:05
  Speaker 2: much already again fear for their lives. Jewish families are
• 10:09
  Speaker 2: praying for the freedom to worship in safety, and in
• 10:12
  Speaker 2: moments like these, your voice matters because your voice can
• 10:16
  Speaker 2: remind them that they're not alone. The International Fellowship of
• 10:20
  Speaker 2: Christians and Jews inviting you to leave a personal prayer
• 10:24
  Speaker 2: or message of encouragement that will be delivered directly to
• 10:27
  Speaker 2: someone in Israel who needs hope right now, not filtered
• 10:31
  Speaker 2: through the media, not lost online, but personally delivered. A
• 10:35
  Speaker 2: simple prayer, a few heartfelt words they can lift the
• 10:38
  Speaker 2: spirit of someone facing fear, uncertainty, and isolation. This is
• 10:43
  Speaker 2: more than support, This is standing with Israel when it
• 10:46
  Speaker 2: matters the most. Go to PREYIFCJ dot org. That's Prey,
• 10:51
  Speaker 2: pr ay IFCJ dot org, and you can submit your
• 10:56
  Speaker 2: prayer today. That's Prey if CJ dot org. Center this
• 11:03
  Speaker 2: story of what Republicans did with a big, beautiful bill.
• 11:07
  Speaker 2: We are now seeing that the fruits of that legislation.
• 11:12
  Speaker 2: It had an amazing impact on tax day and filing
• 11:16
  Speaker 2: for so many Americans, especially those working hourly wages, those
• 11:20
  Speaker 2: working over time, just trying to get ahead for themselves
• 11:24
  Speaker 2: or for their families. And if you look at it
• 11:26
  Speaker 2: in comparison to what the tax bill would have been
• 11:30
  Speaker 2: for Americans if Democrats would have gotten their way, this
• 11:33
  Speaker 2: is a story that I can't believe that it's not being celebrated,
• 11:37
  Speaker 2: and yet the media is acting like it didn't even happen.
• 11:39
  Speaker 3: Yeah, listen, if you're a taxpayer in America, the odds
• 11:43
  Speaker 3: are overwhelming that you got a tax cut as a
• 11:46
  Speaker 3: result of the Working Families tax cut last year that
• 11:48
  Speaker 3: President Trump signed into law the Republican Congress passed, and
• 11:52
  Speaker 3: the odds are significant that you got a big tax cut.
• 11:56
  Speaker 3: We're gonna break down the numbers, but it's worth understanding.
• 11:59
  Speaker 3: If you haven't heard that, that's not an accident. The
• 12:03
  Speaker 3: media doesn't want you to hear that. The Democrats don't
• 12:05
  Speaker 3: want you to hear that. They want you to believe
• 12:07
  Speaker 3: that nothing happened. Let's look at the data. Here's the data.
• 12:10
  Speaker 3: This is the story in the New York Post, the
• 12:13
  Speaker 3: headline of which is almost every US tax filer got
• 12:16
  Speaker 3: a cut this year, coming to a total of eighty
• 12:20
  Speaker 3: two billion.
• 12:21
  Speaker 4: Dollars in relief. This is from the Treasury Department.
• 12:24
  Speaker 3: Here's what the Post reported, quote, Nearly every person who
• 12:27
  Speaker 3: filed taxes this year received a tax cut, coming to
• 12:30
  Speaker 3: a whopping eighty two billion dollars in relief, according to
• 12:32
  Speaker 3: the Treasury Department.
• 12:34
  Speaker 4: Data release Tuesday.
• 12:35
  Speaker 3: Showed ninety seven percent of filers scored a cut. Ninety
• 12:39
  Speaker 3: seven percent. Have you seen that on ABC? Have you
• 12:42
  Speaker 3: seen that on CNN? Have you seen that MSNBC? Why
• 12:46
  Speaker 3: haven't you ninety seven percent.
• 12:49
  Speaker 2: Argument that liberals made to say noted this big, beautiful
• 12:52
  Speaker 2: bill was they said it was only going to affect
• 12:54
  Speaker 2: the wealthiest one percenters, the rich.
• 12:57
  Speaker 1: Bernie Sanders AOC was out alive.
• 13:00
  Speaker 2: Right, it was a lie because ninety seven percent means
• 13:03
  Speaker 2: the majority of Americans are not billionaires and millionaires, to
• 13:05
  Speaker 2: use Bernie Sanders line, So they just flat out lied
• 13:08
  Speaker 2: to you, and they knew it.
• 13:09
  Speaker 4: And the data are even more compelling. By the way.
• 13:12
  Speaker 3: The contrast, if we had not passed the Working Family's
• 13:15
  Speaker 3: Tax Hut, you know what would have happened on January first.
• 13:19
  Speaker 3: There would have been a five trillion dollar tax hike.
• 13:23
  Speaker 3: That's what Democrats wanted. Instead of ninety seven percent of
• 13:26
  Speaker 3: taxpayers having their taxes cut, you would have had I
• 13:29
  Speaker 3: don't know if it's ninety seven percent would it, but
• 13:31
  Speaker 3: it would have been virtually every taxpayer having a massive
• 13:36
  Speaker 3: tax increase. So that's the choice, either a tax cut,
• 13:39
  Speaker 3: which is what has happened, or a massive tax increase.
• 13:43
  Speaker 3: And and here here are the specific data. Treasury officials
• 13:48
  Speaker 3: said filers making one hundred thousand to two hundred thousand
• 13:53
  Speaker 3: who tapped the new brakes pocketed an average cut topping
• 13:59
  Speaker 3: one thousand, two hundred and fifty dollars. So if you
• 14:02
  Speaker 3: made between two hundred thousand dollars, you got over one
• 14:05
  Speaker 3: thousand dollars in tax relief, while those with incomes between
• 14:09
  Speaker 3: fifty thousand and one hundred thousand grabbed more than eight
• 14:14
  Speaker 3: hundred and fifteen dollars on average. That's additional money in
• 14:18
  Speaker 3: your pocket to pay for food, to pay for education,
• 14:21
  Speaker 3: to pay for the needs.
• 14:23
  Speaker 4: Your family has. What else?
• 14:27
  Speaker 3: More than seven point five million workers claimed the no
• 14:34
  Speaker 3: tax on Tips tax break. By the way, I am
• 14:36
  Speaker 3: the author of no Tax on Tips. If you're a waiter,
• 14:39
  Speaker 3: if you're a waitress, if you're a bartender, if you're
• 14:41
  Speaker 3: a taxicab driver, if you claim no tax on tips.
• 14:44
  Speaker 3: I wrote that law. Seven and a half million workers
• 14:47
  Speaker 3: benefit from it. The average deduction was seven thousand dollars. Now,
• 14:54
  Speaker 3: I got to say to a waiter or a waitress,
• 14:56
  Speaker 3: or taxicab driver, or bartender or barber, seven grand is
• 15:01
  Speaker 3: real money. You want to talk about delivering relief, that's
• 15:04
  Speaker 3: real money. But you know what, that is small in
• 15:08
  Speaker 3: terms of the number of filers compared to no tax
• 15:11
  Speaker 3: on overtime. How many filers do you think benefited from
• 15:14
  Speaker 3: no tax on overtime?
• 15:15
  Speaker 2: Oh, it's going to be astronomical number compared to what
• 15:18
  Speaker 2: the Democrats said. They said, Oh, this is not going
• 15:20
  Speaker 2: to work and no one's gonna care. Well, guess what
• 15:22
  Speaker 2: they did.
• 15:23
  Speaker 3: Well, more than twenty nine million filers YEP, benefited from
• 15:29
  Speaker 3: no tax on overtime. The average deduction was three thousand,
• 15:34
  Speaker 3: one hundred dollars. By the way, where do they fall.
• 15:37
  Speaker 3: The democrats of the media are going to say it's
• 15:38
  Speaker 3: all the rich. Three quarters of the people who benefited
• 15:42
  Speaker 3: from no tax on overtime, their income fell under one
• 15:47
  Speaker 3: hundred thousand dollars. You know how much? How many people
• 15:50
  Speaker 3: earned under two hundred thousand dollars?
• 15:52
  Speaker 1: How much?
• 15:53
  Speaker 4: Ninety six percent.
• 15:55
  Speaker 3: This was a targeted tax break to working class Americans
• 16:00
  Speaker 3: who needed it. By the way, the standard deduction was doubled.
• 16:06
  Speaker 3: That simplified life for one hundred and twenty seven million filers,
• 16:11
  Speaker 3: which is equivalent to ninety percent of all returns filed.
• 16:15
  Speaker 4: Have you seen that on the news? No you haven't.
• 16:18
  Speaker 3: Yeah, Well, in fact, Treasury said that number will go
• 16:20
  Speaker 3: up because some people have filed extensions. They expect it
• 16:23
  Speaker 3: to be more than ninety percent of filers will benefit
• 16:27
  Speaker 3: from the double standard deduction.
• 16:29
  Speaker 2: You look at these number, center, and I go back
• 16:31
  Speaker 2: to something that we mentioned earlier. There wasn't a single Democrat,
• 16:35
  Speaker 2: if I'm not mistaken, that voted in favor of this right.
• 16:38
  Speaker 1: They were all unanimously at.
• 16:39
  Speaker 4: Zero zero in the House, zero in the Senate.
• 16:42
  Speaker 2: Yeah, so it was unanimous the Democratic Party. And this
• 16:45
  Speaker 2: should be a big issue I think in the mid terms.
• 16:47
  Speaker 2: They wanted a five trillion dollar tax increase on the
• 16:51
  Speaker 2: American worker. And they didn't want to pass no tax
• 16:55
  Speaker 2: on tips, They didn't want to pass no tax on overtime,
• 16:58
  Speaker 2: they didn't want to double the standard deduction. They said,
• 17:01
  Speaker 2: let's be clear, you elect us, and we're gonna raise
• 17:05
  Speaker 2: your taxes by five trillion dollars in the next tax
• 17:08
  Speaker 2: cycle if they had it their way. That is the
• 17:10
  Speaker 2: Democratic Party, which is why the media is not talking
• 17:13
  Speaker 2: about this. The candidates on the Democratic side aren't talking
• 17:17
  Speaker 2: about this like this affected almost every tax file in
• 17:20
  Speaker 2: America in a positive way. Why on earth is this
• 17:24
  Speaker 2: not getting more coverage than it is right now.
• 17:26
  Speaker 3: Look, it's up to us to share that. And that's
• 17:29
  Speaker 3: one of the reasons for every one of you that
• 17:30
  Speaker 3: listen to this podcast, that watch this podcast, share it
• 17:34
  Speaker 3: because your friends, your neighbors, your family, your colleagues, they
• 17:37
  Speaker 3: don't know this.
• 17:38
  Speaker 4: The media is lying to them.
• 17:40
  Speaker 3: They don't want them to know that they've gotten a
• 17:43
  Speaker 3: significant tax cut. Let's take the Trump accounts as you know,
• 17:46
  Speaker 3: I wrote the Trump accounts, the Trump accounts and the
• 17:48
  Speaker 3: school choice provision. Both of them, I wrote, I think
• 17:51
  Speaker 3: they're the two most consequential provisions of this entire bill.
• 17:55
  Speaker 3: To date, more than five point five million Trump accounts
• 18:01
  Speaker 3: have been opened for kids under eighteen, and one point
• 18:05
  Speaker 3: four million kids are eligible for the one thousand dollars
• 18:09
  Speaker 3: contributions that are there for newborn kids.
• 18:14
  Speaker 1: Incredible.
• 18:15
  Speaker 4: How many of the kids do you.
• 18:16
  Speaker 3: Think are from families earning less than two hundred thousand dollars.
• 18:19
  Speaker 2: I would bet a large percentage of them. And that's
• 18:21
  Speaker 2: exactly the way you guys wrote this.
• 18:25
  Speaker 3: Yep, eighty six percent. So when the Democrats of the
• 18:28
  Speaker 3: media say, oh, this is just a benefit for the rich,
• 18:31
  Speaker 3: that is a lie. Eighty six percent are going to
• 18:35
  Speaker 3: kids of families earning less than two hundred thousand dollars.
• 18:39
  Speaker 4: All right, let's take on top of.
• 18:42
  Speaker 3: That no tax on Social Security, that that is obviously
• 18:45
  Speaker 3: targeted towards seniors. Yeah, more than thirty million Americans claim
• 18:51
  Speaker 3: the deduction for no tax on Social Security. The average
• 18:55
  Speaker 3: deduction is more than seven thousand, five hundred dollars. Look,
• 18:59
  Speaker 3: many of our listeners are young. We've got a lot
• 19:02
  Speaker 3: of listeners who are at high school, who are in college,
• 19:04
  Speaker 3: who are young working professionals. But we also have we
• 19:07
  Speaker 3: have gen X listeners, and we have we have listeners
• 19:11
  Speaker 3: that are seniors. If you're a senior, if you're on
• 19:14
  Speaker 3: Social Security, no tax on Social Security provided real relief
• 19:18
  Speaker 3: to you. And by the way, if you have a
• 19:20
  Speaker 3: family member, if you have a mom or or grandfather,
• 19:24
  Speaker 3: or uncle or aunt or family members on Social Security,
• 19:28
  Speaker 3: send them this podcast. Let them know that their taxes
• 19:31
  Speaker 3: went down for one reason and one reason only because
• 19:36
  Speaker 3: President Trump was reelected and because we had a Republican.
• 19:38
  Speaker 4: House and Senate.
• 19:40
  Speaker 3: And if they like their taxes going down, they want
• 19:42
  Speaker 3: to continue to have a Republican House and Senate.
• 19:45
  Speaker 4: Now, what is it interesting?
• 19:47
  Speaker 3: Do you know what the benefit is to GDP from
• 19:52
  Speaker 3: the working family's tax cut?
• 19:54
  Speaker 1: What's the number?
• 19:56
  Speaker 3: The estimate is that the GDP is one point two
• 19:59
  Speaker 3: percent greater WOW in twenty twenty six this year. Next
• 20:04
  Speaker 3: year it will be one point four percent greater in
• 20:06
  Speaker 3: twenty twenty seven, and then in twenty twenty eight it
• 20:10
  Speaker 3: will be one point five percent greater before settling in
• 20:15
  Speaker 3: at a one point two percent long term gain. That
• 20:19
  Speaker 3: is real wealth that is impacting real families. And it's
• 20:23
  Speaker 3: not just a handful of gazillionaires. It is every worker
• 20:28
  Speaker 3: in America. That's real results, and the media desperately doesn't
• 20:32
  Speaker 3: want you to know about this.
• 20:33
  Speaker 2: I want to take a quick moment and talk to
• 20:35
  Speaker 2: you about an incredible organization and it is called Compassion International,
• 20:40
  Speaker 2: and how you can get involved.
• 20:42
  Speaker 1: I want to be.
• 20:42
  Speaker 2: Honest with you for a second about how an act
• 20:45
  Speaker 2: of compassion really feels. A couple of years ago, I
• 20:48
  Speaker 2: made the choice to partner with an amazing organization called
• 20:52
  Speaker 2: Compassion International. Why because I wanted to sponsor a child
• 20:57
  Speaker 2: in need. It was a nice idea, sure, but I
• 21:00
  Speaker 2: had no idea just how much that simple act would
• 21:04
  Speaker 2: change my life as well. I sponsored Nadia and got
• 21:08
  Speaker 2: to watch your life change right in front of my eyes,
• 21:11
  Speaker 2: going from starving literally alone on the streets to getting
• 21:15
  Speaker 2: the healthcare and education she needs to reach her God
• 21:19
  Speaker 2: given full potential. I got to be a part of
• 21:22
  Speaker 2: that change, and the light of that compassion not only
• 21:25
  Speaker 2: illuminates in her, it illuminates now in me. That is
• 21:30
  Speaker 2: the power of compassion. The light of Christ shines on
• 21:34
  Speaker 2: all of us. Feel it for yourself and change literally
• 21:38
  Speaker 2: a child's life, change the world, and you also change yourself.
• 21:42
  Speaker 2: You can sponsor child today. Visit Compassion dot com. That's
• 21:48
  Speaker 2: Compassion dot Com. I want to center on to another
• 21:52
  Speaker 2: really interesting story. It deals with national security, especially with
• 21:55
  Speaker 2: what's happening in Middle East. And I ran right now
• 21:58
  Speaker 2: and something that we've highlighted and talked about on this
• 22:01
  Speaker 2: show in the past, and that was that ship building
• 22:04
  Speaker 2: was not happening in the United States of America. That
• 22:07
  Speaker 2: is a national security issue, and it was a very
• 22:10
  Speaker 2: clear national security issue that was brought up. You were
• 22:13
  Speaker 2: one of those sounding the alarm on it, because when
• 22:15
  Speaker 2: you're dependent on your ships being made overseas and you
• 22:18
  Speaker 2: have things that happened, whether it's COVID, right, that's not
• 22:21
  Speaker 2: even a war, but with COVID and all of these
• 22:24
  Speaker 2: issues that we're now seeing in the Middle East, we
• 22:26
  Speaker 2: needed to bring ship building back to the United States
• 22:28
  Speaker 2: of America, and now we are seeing that actually happen.
• 22:31
  Speaker 4: Yeah.
• 22:32
  Speaker 3: Another one of the major provisions of the Working Families
• 22:35
  Speaker 3: Tax cut was the funding for the Coastguard and the
• 22:38
  Speaker 3: way it works in the Senate when you're writing a
• 22:40
  Speaker 3: bill in reconciliation, which is the process we used to
• 22:44
  Speaker 3: pass the Working Families tax cut. Each committee chairman writes
• 22:48
  Speaker 3: the portion of the bill that is within his or
• 22:51
  Speaker 3: her jurisdiction. I'm the chairman of the Senate Committee on Commerce, Science,
• 22:55
  Speaker 3: and Transportation. We've got jurisdiction over about forty percent of
• 22:58
  Speaker 3: the US economy. Every single provision that was in my
• 23:02
  Speaker 3: jurisdiction I was responsible for writing, and I did write.
• 23:06
  Speaker 3: One of the subjects that is within the jurisdiction of
• 23:10
  Speaker 3: the Commerce Committee is the Coast Guard. The Coastguard falls
• 23:12
  Speaker 3: within our jurisdiction. We funded more than twenty four billion
• 23:18
  Speaker 3: dollars billion with a B into.
• 23:21
  Speaker 4: The Coast Guard.
• 23:22
  Speaker 3: That is the largest single investment in the history of
• 23:25
  Speaker 3: the United States and the Coast Guard. I want to
• 23:28
  Speaker 3: give you a sense of the order of magnitude of that.
• 23:30
  Speaker 3: The annual budget of the Coast Guard is between eleven
• 23:33
  Speaker 3: and twelve billion dollars. In one year, we invested more
• 23:37
  Speaker 3: than double the annual budget of the Coast Guard to
• 23:40
  Speaker 3: rebuild their fleet, to rebuild to purchase new ships, to
• 23:44
  Speaker 3: purchase new helicopters, to purchase new capital and infrastructure. One
• 23:49
  Speaker 3: of the biggest elements of our investment was Arctic ice cutters.
• 23:55
  Speaker 3: So if you look at the Arctic, the near the
• 23:58
  Speaker 3: North Pole and all around the Arctic, that is a
• 24:01
  Speaker 3: major national security contested domain. Russia and China are both
• 24:07
  Speaker 3: killing us in the Arctic, and the United States has
• 24:11
  Speaker 3: fallen way behind. And we put in the funding to
• 24:14
  Speaker 3: build new Arctic ice cutters, and the Trump administration signed
• 24:19
  Speaker 3: a contract to purchase eleven new Arctic ice cutters and
• 24:23
  Speaker 3: in particular to build many of them here in the
• 24:26
  Speaker 3: United States. So I started this week Monday morning down
• 24:30
  Speaker 3: in Galveston, Texas. And in Galveston we had a groundbreaking
• 24:33
  Speaker 3: for a brand new shipyard where there's over a billion
• 24:37
  Speaker 3: dollars being invested. It's going to create more than two
• 24:40
  Speaker 3: thousand jobs to build Arctic ice cutters. And not only
• 24:44
  Speaker 3: is that important for that investment, those new jobs, but
• 24:47
  Speaker 3: that's an expertise that doesn't exist in the United States.
• 24:50
  Speaker 3: We're going to see more commercial ships built in the
• 24:53
  Speaker 3: United States and in Texas and Galveston and Port Arthur
• 24:57
  Speaker 3: because of this investment. I spoke at the ground breaking.
• 25:00
  Speaker 3: Give a listen to hear what I had to say
• 25:02
  Speaker 3: at the groundbreaking, and I was very proud when President
• 25:05
  Speaker 3: Trump announced that three and a half billion dollars was
• 25:08
  Speaker 3: going to Davy Defense to build five Arctic security cutters
• 25:14
  Speaker 3: and to build them here in the Texas Golf Coast.
• 25:24
  Speaker 3: That is going to produce over two thousand high paying
• 25:28
  Speaker 3: jobs here on the Texas Golf Coast. And and mark
• 25:38
  Speaker 3: my word, that's just the beginning, because that is going
• 25:41
  Speaker 3: to fuel a renaissance of shipbuilding right here on the
• 25:45
  Speaker 3: Texas Golf Coast. A final observation about Galveston. Folks here
• 25:56
  Speaker 3: are really particular about Galveston.
• 25:59
  Speaker 4: It's a thing you will learn.
• 26:01
  Speaker 3: There's a phrase that folks from Galveston will tell you,
• 26:04
  Speaker 3: which is bo I born on the islands. And it's
• 26:08
  Speaker 3: a little bit. There's an old line that you never
• 26:11
  Speaker 3: ask anyone if he's a Texan. If he is, he'll
• 26:15
  Speaker 3: tell you, and if he's not, you don't want to
• 26:18
  Speaker 3: embarrass the guy.
• 26:20
  Speaker 2: I love, by the way that that line there center
• 26:23
  Speaker 2: because it is, by the way, totally accurate. But this
• 26:27
  Speaker 2: is a really big, I think moment as you described it,
• 26:30
  Speaker 2: for national security. It also makes us not dependent on
• 26:34
  Speaker 2: foreign countries and foreign workforces for things that deal with
• 26:38
  Speaker 2: national security. This is part of what you've been advocating
• 26:41
  Speaker 2: for with America First policy is with the Trump administration
• 26:44
  Speaker 2: as well, and being able to do this and do
• 26:47
  Speaker 2: it quickly, and also to get these cutters back into
• 26:51
  Speaker 2: the Arctic where we need them from a national security standpoint.
• 26:54
  Speaker 2: This is a big win all the way around, and
• 26:57
  Speaker 2: it produces American jobs, and not just a few, as
• 26:59
  Speaker 2: you mentioned, You've got thousands, and then you have the
• 27:02
  Speaker 2: support jobs around those jobs as well.
• 27:04
  Speaker 3: Well, that's right, And let me tell you a little
• 27:07
  Speaker 3: bit of history. You look, you're a relatively new Texan.
• 27:11
  Speaker 3: You're from Memphis. So this is a bit of history
• 27:14
  Speaker 3: that I shared at the press conference that that that
• 27:17
  Speaker 3: that you may not know and that everyone in Galveston knew,
• 27:21
  Speaker 3: but but maybe other people don't. So Galveston used to
• 27:26
  Speaker 3: be the largest city in Texas.
• 27:29
  Speaker 4: Wow.
• 27:29
  Speaker 3: Galveston was called the Queen of the Gulf Coast. Galveston
• 27:35
  Speaker 3: was also called the Wall Street of the Southwest, and
• 27:40
  Speaker 3: Galveston was called the Ellis Island to the south. And
• 27:44
  Speaker 3: just like Ellis Island, when people came as immigrants, they
• 27:46
  Speaker 3: would come to Galveston.
• 27:48
  Speaker 4: That that that was the port.
• 27:49
  Speaker 3: Of entry where where vast numbers of people came to
• 27:53
  Speaker 3: America through Galveston, and and what happened is in nineteen hundred,
• 27:57
  Speaker 3: there was a devastating hurricane that killed between eight thousand
• 28:02
  Speaker 3: and twelve thousand people in Galveston, and they didn't have
• 28:04
  Speaker 3: the technology to have any early warning signs, so the
• 28:07
  Speaker 3: hurricane just hit and destroyed the city and it remains
• 28:12
  Speaker 3: the single most devastating natural disaster in US history. But
• 28:17
  Speaker 3: a really cool fact that I pointed out, and I
• 28:20
  Speaker 3: bet you you don't know this, ben In eighteen thirty six,
• 28:24
  Speaker 3: Galveston was the capital of the Republic of Texas. The
• 28:28
  Speaker 3: Republic of Texas, we were our own nation, and Galveston
• 28:31
  Speaker 3: was our capital right when we became our own nation.
• 28:34
  Speaker 3: And so I said, look, it's really special that we're
• 28:36
  Speaker 3: seeing thousands of new manufacturing jobs coming to Galveston, shipbuilding jobs.
• 28:43
  Speaker 4: And I mentioned in.
• 28:44
  Speaker 3: The clip you we just played the phrase BOI and
• 28:47
  Speaker 3: by the way, you'll meet people from Galveston who were fifth, sixth,
• 28:51
  Speaker 3: seventh generation BOI board on island. And what I called
• 28:54
  Speaker 3: for at the press conference, I said, listen, every Arctic
• 28:57
  Speaker 3: ice cutter you build there. I turned to the CEO
• 29:00
  Speaker 3: of the company Davies, that's going to be building them,
• 29:02
  Speaker 3: And I said, I hope and expect on every one
• 29:05
  Speaker 3: of those Arctic ice cutters, somewhere in the interior on
• 29:08
  Speaker 3: the hall, you will engrave the simple letters Boi, because
• 29:13
  Speaker 3: those Arctic ice cutters will have been born on the
• 29:16
  Speaker 3: island of Galveston. And that's an awesome thing. But it's
• 29:20
  Speaker 3: an awesome thing for American jobs. You look at what
• 29:23
  Speaker 3: President Trump is fighting to do, what I'm fighting to do,
• 29:27
  Speaker 3: it is bring jobs back to American manufacturing jobs. And
• 29:30
  Speaker 3: I'll tell you a little bit. Let me bring you
• 29:31
  Speaker 3: a little bit inside the story. So the bill we wrote,
• 29:36
  Speaker 3: we had the funding for what was likely to be
• 29:38
  Speaker 3: five to six Arctic ice cutters.
• 29:41
  Speaker 4: And there was a battle. There was a battle that went.
• 29:44
  Speaker 3: To the to the White House about where that contract
• 29:47
  Speaker 3: would go. And that battle was principally between Texas and Louisiana.
• 29:52
  Speaker 3: Now I love Louisiana. My parents met New Orleans. My
• 29:55
  Speaker 3: mom went to high school in Battery Rouge. Louisiana is
• 29:57
  Speaker 3: a great state. And to be clear, Louisiana as the
• 30:00
  Speaker 3: home of the Speaker of the House Mike Johnson and
• 30:03
  Speaker 3: Steve Scalise, the House majority leader. They're both very good friends.
• 30:06
  Speaker 3: They were understandably fighting for their state and wanted the
• 30:10
  Speaker 3: ship building in Louisiana. I was fighting for Texas, and
• 30:14
  Speaker 3: I will tell you it was a knife fight at
• 30:15
  Speaker 3: the White House. I spoke repeatedly to the President of
• 30:18
  Speaker 3: the United States. I spoke to the senior staff in
• 30:20
  Speaker 3: the White House over and over and over again, and
• 30:23
  Speaker 3: it was a real fight. We didn't know who was
• 30:25
  Speaker 3: going to win Texas and Louisiana. And I want to
• 30:28
  Speaker 3: give the President real props here. Look, we all know
• 30:30
  Speaker 3: before he was in the White House, the President was
• 30:32
  Speaker 3: a businessman and he is very committed to getting more
• 30:37
  Speaker 3: for less. So the proposal, the legislation that had been
• 30:41
  Speaker 3: passed was funding to build five to six new ice cutters.
• 30:44
  Speaker 3: Trump said that's not enough. I don't want five to six,
• 30:48
  Speaker 3: I want eleven. And so they found new funding that
• 30:52
  Speaker 3: had been appropriated by Congress, and what they ended up
• 30:54
  Speaker 3: doing was approving both. So there's several ice cutters being
• 30:57
  Speaker 3: built in Louisiana. There are several being built in Texas.
• 31:00
  Speaker 3: And it was a win win, and it's a great example.
• 31:03
  Speaker 3: He went to the shipbuilding companies and he said, I
• 31:07
  Speaker 3: want you to cut your prices and deliver more ships.
• 31:10
  Speaker 3: And they did. And this was not staff driven. This
• 31:14
  Speaker 3: was you know, Trump is a builder, so he I mean,
• 31:17
  Speaker 3: he likes thats like negotiating a contract. And he leaned
• 31:21
  Speaker 3: in and instead of five to six ized cutters, we're
• 31:24
  Speaker 3: getting eleven. Instead of just one place Louisiana or Texas,
• 31:27
  Speaker 3: we're getting both. And we're getting thousands and thousands of
• 31:30
  Speaker 3: new jobs. And we're going to be able to compete
• 31:32
  Speaker 3: with and protect our national security the Arctic against Russia
• 31:35
  Speaker 3: and China.
• 31:36
  Speaker 4: It is a win win all around.
• 31:38
  Speaker 1: It really is an incredible story.
• 31:40
  Speaker 2: And again when you go back to fighting for America first,
• 31:43
  Speaker 2: this is what you get when you get the votes
• 31:45
  Speaker 2: to do it.
• 31:46
  Speaker 1: It's incredible.
• 31:46
  Speaker 2: Congrats and a big victory for American workers there.
• 31:49
  Speaker 1: Don't forget. We do this show Monday, Wednesday Friday.
• 31:52
  Speaker 2: Hit that subscriber auto DOWO button so you don't miss
• 31:55
  Speaker 2: episode and what we told you today. Please share it
• 31:58
  Speaker 2: on social media so other people here the news about
• 32:00
  Speaker 2: the text cuts. It really is incredible and the Center
• 32:03
  Speaker 2: I will see you back here on Friday morning.