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Charlie Kirk
Hey everybody, it's the other Charlie Kirk show. We're here@the Bitcoin.com studio. It's the Bitcoin.com studio. The big beautiful bill is about to pass. President Trump has successfully moved the Overton window. We explain in phenomenal detail exactly what that means. Email us. As always, Freedomarliekirk.com become a member today. Members.charliekirk.com that is members.charliekirk. com as always, you guys can get involved with Turning Point USA. That is tpusa.com that is tpusa.com so, so check it out today at tpusa.com okay everybody. It is the event of the summer coming up in Tampa, Florida. It's an event unlike any other. It is our student Action Summit. All ages are welcome. It's sas2025.com we have Pete Hegseth coming, Kristi Noem, Tucker Carlson, Megyn Kelly, Donald Trump Jr. Steve Bannon, Greg Gutfeld, Laura Ingraham, Ross Ulbricht, Byron Donalds, Tom Homan, Ben Carson, Brett Cooper, Michael Knowles, Brandon Tatum, Benny Johnson, Jack Posobic, riley gaines, james o' keefe and more. That is sas2025.com youm can find your future wife, your future husband, your future soulmate, a future job and a career. Go to sas2025.com that is sas2025.com for this game changing life changing event. So take a look at it right now at sas2025comsas2025.com Buckle up everybody. Here we go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campus.
Scott Besant
I want you to know we are lucky to have Charlie Kirk.
Charlie Kirk
Charlie Kirk's running the White House, folks. I want to thank Charlie. He's an incredible guy, his spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point usa. We will not embrace the ideas that have destroyed countries, destroyed lives. And we are going to fight for freedom on campuses across the country. That's why we are here. Noble Gold Investments is the official gold sponsor of the Charlie Kirk Show, a company that specializes in gold IRAs and physical delivery of precious metals. Learn how you could protect your wealth with Noble gold investments@noblegoldinvestments.com that is noblegoldinvestments.com it's where I buy all of my gold. Go to noblegoldinvestments.com Tomorrow is Independence Day and it looks as if we are going to have a wonderful Independence Day in this country. As you can see in the picture. In picture, we have Hakeem the Dream Jeffries going on. He's doing some sort of House equivalent of a filibuster. It's not going to work. The House of Representatives worked long through the night to officially pass the rule, and the final vote should be coming up today to pass the big, beautiful bill. And here's what's so amazing about what Hakeem the dream is doing, is that there are so many elements of the bill that I forgot about. I'm learning so much about this bill thanks to Hakeem. You see, having our enemies recite the bill back to us about all the terrible thing that it's going to do for deportations and Planned Parenthood. Like, my goodness, this is much better than I realized. I mean, I knew that it was pretty good. I knew that it was about 80 to 90% of the pie, but now I'm getting up that 95% figure. Late last night, around 1am Eastern, I was on the phone with members of Congress, some of the holdouts, some of the holdouts. I said, guys, what are you doing here? Said, It's 1am Eastern. Thankfully, I have west coast advantage. This is one of the great things about being on Pacific time is that being three hours behind, it's like only 10pm which is a little past my bedtime. But I stayed up a little bit later to try to help, however I could contribute to the fight. And I was talking to some of the holdouts. I said, look, guys, I'm fans of all of you. I'm a fiscal hawk. We need to balance our budget. But what is the concern here? Because if you guys change this bill and it goes back to the Senate, it very well might die in the halls of Lisa Murkowski and Susan Collins. So what is the objection here? And finally, we got to a place where they said, well, we're going to go vote for it. We need to try to just get some horse trading done. I said, fine, there's no issue with that. And that's exactly what ended up happening late into the evening. And now Hakeem, he's getting a little upset. Hakeem is now doing a nonstop type filibuster, but honestly, he's doing the PR for all of us. He is now our public relations official. He is going element by element of the bill, bragging about how it's going to be the largest deportation army the country has ever seen, talking about how this is going to cut Taxes for working people. No tax on tips, no tax on overtime, no tax on Social Security. The largest working class tax cut in American history. The border will be completely and totally fortified. We're going to have a golden dome. Remember the Trump baby accounts, the baby bonus accounts for investment accounts. Every new baby born will get a $1,000 investment account. One way Dropbox that will not be able to be accessed by anybody and not accessed till they're 18 years old. And billionaires, financiers, aunts, uncles, moms, dads, grandfathers, schools, competitions, sporting teams can contribute into that investment account. And it will grow throughout their lives that we are creating economy of owners. And then one thing that I'm extremely passionate about. Republicans have long talked about defunding Planned Parenthood, but guess what? It's happening. Planned Parenthood is getting their funding shut. It's only for a year, but it's still a victory. It's only for a year, but that still is going to completely derail the funding mechanism of Planned Parenthood. And we need to make sure that this is a continually thing. Planned Parenthood is a Democrat super pac, regardless of your opinions on abortion. They ran ads against Donald Trump. They engage in political advocacy against Republicans. We are financing a multi hundred million dollar Democrat super pac. Not to mention they lie about all of the health care nonsense. They are an extension of the DNC, period. Hard stop. Play cut435Hakeem the Dream. He is very upset about the cutting of planned parenthood. Play cut435.
Hakeem Jeffries
All out assault on the.
Charlie Kirk
Care.
Hakeem Jeffries
Mr. Speaker being provided by Planned Parenthood. The medical care being provided by Planned Parenthood.
Charlie Kirk
He is dollar store Obama. I'll tell you what, this guy, you could buy him at a discount. He's not even good at this. Another tweet this morning from a guy by the name of Ian Bremmer. I don't know really where he's from, but his tweets get a lot of attention. It's phenomenal. How big of a deal is the ICE investment? The big beautiful bill passing would make the budget for ICE larger than most of the world's militaries. ICE will be a larger standing army of as far as budget than the Israeli military, than the Italian military, than the Dutch military and the Brazilian military. Let me just comment on something. If Israel only spends $30 billion in their military and they're able to get that kind of precision, they're much more efficient with the money that they spend than we spend a trillion dollars. I'm just saying. Anyway, That's a whole side note. I'm kind of impressed that Israel only spends $30 billion a year on their military compared to what America spends. We spent a trillion dollars and we got a lot of waste there. But we have to. We're going to fix that at a different juncture. ICE will now be one of the largest standing military forces in the world. And if that bothers you, then you are probably an illegal alien. If that bothers you, you're probably harboring illegal aliens. If that bothers you, you're probably employing illegal aliens. You probably run a restaurant, a farm, a meatpacking facility. You probably employ those that should not be here. And you are breaking federal law, and your employees are breaking federal law. 8 USC 1312. 8 USC 1354. Harboring illegal aliens, not notifying the government of where you are, why you are here. And now ICE will finally have the thrust, it will have the gusto to be able to reverse the invasion. Do you understand how hard it is to reverse a domestic invasion? We are embarking on one of the most difficult, challenging, ambitious and daunting domestic policy projects in American history. Forget the Hoover Dam, forget going to the moon, forget, forget the atom bomb, the Manhattan Project. This is far more daunting. You are talking about removing human beings that Democrats have allowed to attach themselves to the social welfare state. This is one of the most daunting and ambitious public policy projects in the history of the country. And we're going to get it done. Here is Dollar Store Obama437 saying a deportation machine will be unleashed on steroids. You better believe it. This is what we voted for. This is what we need. This again. Of all the major accomplishments that America should be proud of. Panama Canal, Louisiana Purchase, Hoover Dam, the highway system. This is gonna go up there when we are done and we have project 10 million. And we could say that we remove 10 million people from the country plus self deportations, it will go down as one of the. The most remarkable and significant projects in history. Play Cut 437.
Hakeem Jeffries
Speaker. That's not what this country should be all about. Manu wasn't the only one, the only American citizen who's been targeted by the deportation machine. A deportation machine that will be unleashed on steroids by this one big ugly bill. We know that in fact is the case. That's not hyperbole.
Charlie Kirk
It's not hyperbole. It is reality. Hakeem Jeffries is doing the PR for this bill for us. And if we are serious about reclaiming the country and fulfilling the mandate and fulfilling the agenda, then this bill absolutely must pass. And it will pass in the coming hours. Is it perfect? No. Does it cut enough spending? No. Does it still have some green new scam elements in it? Unfortunately, yes. Does it spend too much on projects we shouldn't? In some places, no. Yes. In some places, yes. But on the tax cuts, the Trump baby accounts, the defunding of Planned Parenthood, most of the repealing of the inflation Reduction act, the working class tax cut, no tax on tips, no tax on overtime, not to mention the border. You might be tempted to think that we're blowing smoke selling this bill to you. But when you hear our ideological and political enemies confirming everything we said, maybe now you will believe us. And even some of the hardened critics online that were like, oh, this is a terrible bill, they're starting to do a little backpedal.
Scott Besant
Beep, beep.
Charlie Kirk
They're backing up a little bit because they start to realize that the people that are the sworn enemies of the United States, which Hakeem Jeffries is, he's a sworn enemy to this republic. He is now. This is the worst bill ever. Ooh. Well, if you don't like it, I love it. Because we are going to unleash that deportation machine to get done what we need to get done. It'll be messy at times. There'll be speed bumps. It's not always easy, but I'll tell you right now, we're gonna get it done. Private student loan debt in America totals over $300 billion. About 45 billion of that is labeled as distressed. Why refi refinances distressed or defaulted private student loans that others will not touch. Why refi can reduce your monthly payment and guarantees interest rates under 6%, ensuring affordability and financial relief. Go to yrefi.com that is yrefy.com do you have a co borrower? Yrefi can get them released from the loan and you can give mom or dad a break. Just call 888-yrefi34. That is 888-yrefi34 and may not be available in all 50 states. Can you imagine being debt free and not living under this burden anymore? We'll go to yrefi.com that is yre f y.com that is yrefi.com bad credit is accepted. And do you have a co borrower? Well, why refi can get them released from the loan. That is yrefi.com so what does this mean for the American economy? Well, joining us on the next segment, will be Treasury Secretary Scott Bessant. We're going to go through all of the economic implications of this bill and understand if you were to rank it, what is the most important part of the agenda? What is the most important part of the mandate? If you had to rank it, is it no men and female sports? That's important? Is it foreign policy? What is the most important thing? The centerpiece of President Trump's political journey from the escalator to July 4th signing ceremony. The centerpiece is mass migration. Now, just understand how far we have come and admittedly how far I have come. We've all come on this journey together. I have become more focused and definitely deeper of understanding. On the immigration issue. We went from it was controversial to say build the wall to that was like a major controversy and President Donald Trump. What we're about to see happen with the signing of this bill is a master class in the Overton Window. What is the Overton Window? We explain this every so often on our program. The Overton Window is a political theory that describes the range of ideas considered acceptable or mainstream. The spectrum goes from unthinkable to radical to acceptable to sensible to popular to policy. It's a six step move. What you are witnessing in real time is the movement of the Overton Window over a decade. This is a political science class, so take out your pencils and your pens, everybody. I'm about to walk through it in about four minutes. So the Overton Window goes through the spectrum very quickly of something that is totally unthinkable. So 10 years ago, it was unthinkable in public life, in politics and in the Republican Party to say that we need mass deportations. You would be called racist, they would kick you out and they'd say, you're a terrible person. It was even controversial to say, let's build the wall. What President Trump did is he moved the unthinkable building the wall into what was then considered radical. So it goes from unthinkable to radical. And then it became acceptable, and then it became sensible. Thank you. That's right there. Sensible, then popular than policy. But no one, even in the first term, Think about it. In our first term, we didn't even talk about mass deportations because we were talking about the wall all the time. Now we don't even bat an eye at the wall. People roll their eyes, okay, great, $40 billion for the wall, but what about the deportations? And that is the power of the Overton Window. Because now the wall is popular policy. No one even disagrees yeah, yeah, fine, build the wall. But what about all these people in my community that are raping and stealing and chasing kids? And so what happened when President Trump is, he kept on moving issues through the Overton Window by just magnitudinal force, by just unapologetic grit, by size of personality. And again, the last, let's get that up there, the last piece of the Overton Window is what policy. You win when what you start as a salvo as narrative, as rhetoric becomes policy. Joseph P. Overton coined this term many years ago. And think about how the left has used it. They used it for same sex marriage, they used it for dei, they used it for marijuana legalization, they used it for the transgenderism. And by the way, the Overton window could go back because the Overton window on transgenderism was, became policy. And then we knocked it back to popular, sensible, acceptable. And now transgenderism is considered to be radical or unthinkable. So it can go both ways. But President Donald Trump, do you notice he's never gone backwards in the Overton Window. This is the most important, profound point of the Trump presidency or the Trump movement. Over 10 years, the Democrats have gone backwards in the Overton Window. President Trump has only gone forwards. Not a single issue that President Trump has championed over the last 10 years has he gone backwards in the Overton Window spectrum. He has only gone forwards where the Democrats have gone nowhere but backwards on the Overton Window. They've gone backwards on war, they've gone backwards on trans issues, they've gone backwards on every major cultural issue. This is 438. We don't have time to play it. But Bill Melusion saying in June there were zero illegal immigrants released into the United States. So what President Trump did and what is now culminating in a massive signing ceremony tomorrow is the crescendo. It is the final move of. He started at a campaign rally a decade ago when everyone thought he was a joke at Trump Tower. And he said, they're coming into our country, we have to build the wall and we have to remove them. And people laughed. No one else would have had the strength and the endurance and the guts to do it. The old Republican Party retreated on every single issue and Trump advanced from the unthinkable to the radical, to the acceptable, to the sensible, to the popular. And tomorrow on Independence Day, that 10 year journey becomes policy. Hey everybody, Charlie Kirk here. Brand new year, brand new opportunities to change the world for the better. It's easier than you might think. You can save babies by Providing ultrasounds with preborn Together with the Sanctity of Human Life month, we're going to save 35,000 babies to show the world that not only do we believe life is precious, but we're going to do something about it. Your gift of preborn will give a girl the truth about what's happening in her body so that she can make the right choice. What better way to start this new year than to join us to save babies? And $28 a month will save a baby a month all year long. A $15,000 gift will provide a complete ultrasound machine that will save thousands of babies for years and years to come and will also save moms from a lifetime of pain and regret. I am a donor to this organization and you should be too. Start this new year by being a hero for life. Glade 338-502229 or click on the preborn banner@charliekirk.com that is charliekirk.com and click on the preborn banner. I'm a donor. You should be, too. Charliekirk.com Preborn Banner we are honored to have the Treasury Secretary of the United States. And honestly, one of the unsung heroes of this administration. Just a loyal operator executing on the president's agenda. And all of a sudden you look at the market and we're at record highs. And he's been a superstar. It is Scott Besant. Mr. Secretary, great to see you. Thank you for joining us. First, I just wanna say you have kept your head down and we have trade deals with Vietnam and inflation is low and wage growth is up. And we have trusted you and trust the process. Before we get into the big beautiful bill, what is the state of the American economy?
Scott Besant
It's in transition, Charlie. And again, thanks for having me. Thanks for everything. You do that. The economy is in transition. As I've said, we are re privatizing the economy. We had this blowout government spending from the Biden years, biggest that we'd ever seen. 6.7% deficit to GDP when we weren't at war or weren't in a recession. So we are taking away from the government spending, bringing it over to the private sector. And the centerpiece on that President Trump is going to sign tomorrow. The one big beautiful bill is going to create what I call parallel prosperity. So it is the Tax Cuts and Jobs act and the power of that for business and then for working Americans. No tax on tips, no tax on overtime. 85% of seniors will not be paying tax on Social Security. And you will be able to deduct auto loans for American made cars. So I think that the transition will begin tomorrow if the Hakeem Jeffries can ever sit down and let the Republicans vote. And then on Monday, I think that we are going to unleash a capital expending, capital spending boom in the US which will first manifest itself in construction and then lead to they pick up in manufacturing jobs like we haven't seen in decades.
Charlie Kirk
So now emphasizing the big beautiful bill even further, I am doing every fall and spring a massive campus tour. And young people repeatedly are worried that they are entering a renting economy, not an ownership economy, that they want to be able to have the same access to buying a home and buying assets like their parents did. What does this bill do to help the next generation, specifically those that are graduating college, to be able to have their piece of the American dream, be able to own homes and not just be lifelong renters?
Scott Besant
Well, out of the blocks, I think we are going to see that it will increase real wages. It's going to bring down inflation. And for your generation, you've got, you've gotten a bad deal that the Biden administration, the great inflation post Covid, which they knew was coming but they didn't care because they wanted to blow out the spending. They also put on substantial regulations. So you know what happens was you got a demand shock from the government, but then all this regulation created the inflation, so that created supply constraints. That's how you get inflation. So what we are doing is we're going to create a demand shock. We are going to see the private sector take over. And the private sector is how you get good paying jobs where you can get real wage increases in excess of inflation. And on the other side, away from the one big beautiful bill, the rest of our agenda is deregulation. And there's a thought that deregulation would bring costs for the average household. So let's say for a single average household will be about $10,000. So let's say for a single person that'd be about $2,500. So we are laser focused on ending this affordability crisis. Once we have finished trade and taxes here at treasury, we're going to take on the student loan portfolio. We don't have a solution for what's going on there. But I do think that just forgiving student debt was unacceptable. But I do think that there, I think that there is a firm and humane way to deal with the student debt crisis and we are going to be focused on that here at Treasury. Because for many young Americans they've started out post college with the equivalent of a mortgage. So we're going to be working on that. But the real thing here, and again it's depending on what you're doing. I started my career out, I lived on the tip wages. So no tax on wages is a pretty good start.
Charlie Kirk
The no tax on tips by the way, is major. We're going to see now more money in consumers pockets for which will stimulate, stimulate bottom up consumer spending. But I do want to, and I love all of that and I agree with you on the student loan situation. First of all, we shouldn't penalize the blue collar workers that don't have student loans. But we have to find some way to navigate this. I think we got to get colleges to start to pay it. That's my opinion. Start to have colleges have some portion of the student loan repayment. But I want to put 439 up on screen here. This is the real blue collar wage growth. This is a remarkable accomplishment, Mr. Secretary, that I know you want to emphasize. Walk us through what we are seeing on this chart here. This is officially from the Department of Treasury. It's year to date real hourly earnings growth for production and non supervisory workers. What are we looking at here?
Scott Besant
So Charlie, what it shows us is that the President Trump is the working American product president. So for the first five months of any presidential term, here we go back to Richard Nixon. President Trump's current term since January 20th has seen the fastest blue collar wage growth, 1.7% real hourly earnings. And that the second biggest wage growth was in President Trump's first term. So we can see the dedication that his policies have for working Americans. And all this is before the one big beautiful bill kicks in.
Charlie Kirk
And so you've mentioned this on previous segments and I want to emphasize this. The tariffs we were told were going to collapse the economy. We were told that the entire trade portfolio is gonna result in just economic collapse. What would you say is driving this? And how will tariffs then play into this massive tax cut deregulatory agenda?
Scott Besant
So Charlie, it's amazing what President Trump has done since January 20th and maybe we'll talk about it later, but it's peace deals, trade deals and tax deals which everyone said couldn't be done or certainly couldn't be done by the fourth of July. You know, we've all seen he has transformed the discussion in the Middle East, Congo and Rwanda, which hasn't gotten much publicity. He's working on Russia, Russia, Ukraine. We're going to Sign this tax deal tomorrow. And then to your question on tariffs. You know, we have changed the discussion here on the trade fairness with the U.S. the president has used tariffs, as I always say. Alexander Hamilton was the original tariff man. He liked tariffs for two reasons. One, to protect US Industry, Two, revenues for the treasury and now three, President Trump is now using tariffs to negotiate. And here at treasury, at the Commerce Department, ustr, the trade representative there is long term senior staff who in 20, 30 years said that they have never seen the deals that we are getting from tough countries like Vietnam, some of the other trade deals that we're going to announce. But the dog that didn't bark was the idea that tariffs were going to collapse the economy, they were going to create big inflation, that they were going to kill the stock market. As you said earlier, we're at a new high in the market. And for my 35 year career in the financial investment business, I always listened to what the market was telling me. And the market is saying that this is good for the economy. And in terms of paying down debt, I don't agree with the CBO scoring on the deficit, but I always counter the people who want to quote the CBO. I said CBO says that there's going to be 2.8 trillion, 2.8 trillion of tariff income over the next 10 years. And that pays down a lot of debt.
Charlie Kirk
Yeah. And it offsets the working class tax cuts. It offsets the necessary tax cuts. And in closing here, Mr. Secretary, I know you gotta run and you have a lot in front of you. Of all the big beautiful bill elements, what parts are you most excited about that you don't think have gotten adequate media attention? We have the $1,000 baby investment account. We have obviously some drill, baby drill. What do you wish as Treasury Secretary of the United States would get more attention that you think is gonna supercharge growth in the economy? Parts of this major bill, please.
Scott Besant
Again, Charlie, what I like about this bill is the parallel prosperity. So it's good for business, good for working people. And the intersection of that is really in this 100% expensing for equipment. And for the next five years you're going to be, if you're building a factory in the United States, you are going to be able to expense 100% of the factory structure. So we have made the United States of America the best place to start a business. Deregulation, tax certainty. But now you can write the entire, all your equipment expenses off in one year. And I tell you, in the first Trump term That is what drove the growth because it is real return real after tax returns or what drive productivity. And we are in the middle of this big productivity boom. So as I said I would expect starting on Monday all these projects that have been on hold waiting for the certainty for the tax bill, this expensing is going to be very powerful and and we made it permanent.
Charlie Kirk
Are we going to see any rate cuts? I know you can't tell us any inside information but. Too late. Powell, what is going on here? Because we need to start to see rate cuts. It's major for the economy that we.
Scott Besant
The market's pricing in two rate cuts for the year. That seems about right. The two year bond is much lower than the overnight rate. And when asked about the Fed I said look, if they, if they don't go sooner it just means they have to do more later. Which is the history of being late.
Charlie Kirk
Well, President Trump has branded him as Too late, pal. Mr. Secretary, again, sincerely, you are working your tail off. It's appreciated, it's noticed and thank you for all of the accomplishments and it's hard to believe it's not even been six months. We have your back. Thank you so much.
Scott Besant
Good Charlie, thanks. Always good to be with you.
Charlie Kirk
You too. Thank you ever. What a great interview by the way. The market is up, inflation is down, blue collar wages are up and we are barely just touching the surface of this economic boom. There is so much pent up psychological optimism in this country that's just going to go up. So much of the economy is mindset and we like to think the economy is just dollars and cents. But as someone who does investing and someone that has been behind major business decisions. We have a thousand employees, $100 million we raise a year. I could tell you a lot of business is psychology. Private student loan debt in America totals over $300 billion. About 45 billion of that is labeled as distressed. Why Refi refinances distressed or defaulted private student loans that others will not touch. Why Refi can reduce your monthly payment and guarantees interest rates under 6% ensuring affordability and financial relief. Go to why refi.com that is yrefy.com do you have a co borrower? Yrefi can get them released from the loan and you can give mom or dad a break. Just call 888-YREFI 34 that is 888-YREFI 34 and may not be available in all 50 states. Can you imagine being debt free and not living under this burden anymore? We'll go to yrefi.com that is yre f y.com that is yrefi.com bad credit is accepted. And do you have a co borrower? Well, why Refi can get them released from the loan. That is yrefi.com what a phenomenal interview with Scott Besant. So much of the economy is psychological. A steady hand is so key. So right now you might not think it impacts you. Right now, there are 10,000 conference rooms filled with bean counters. Accountants, which is fine. Lawyers, which are. They're the no people. They tell you no all the time. And then there is the CEO and maybe kind of a vp and they have to game out their financial decisions and their investments for the next two or three years. So let's just take a company like Chili's Baby Back Ribs, which Chili's is actually doing very well right now. They're like a rocket ship. Chili's is now sitting in their conference room and they're trying to figure out, are we gonna build new restaurants, are we gonna hire more people, are we gonna expand new locations, are we going to diversify our menu, Are we gonna upgrade? Or are we going to be cautious? Take other. You could take a million different examples of this. Literally tens of thousands of examples. Hilton Hotels. Hilton Hotels is sitting right now in their conference room and they say, what is the vibe? And they're starting to realize that investment money is pouring into this country, the tax bill. So then they get a signal of psychology. It's not just numbers. So much of business is trying to peek around the corner and see what is coming next. And President Donald Trump is doing something that Biden never did and Obama never did. He's just relentlessly bragging and cheerleading on the country. I know this might sound silly, but just having a cheerleader for America and the American economy does so much. President Trump saying, we're the hottest country. Invest, spend. All of a sudden, people psychologically start to act that way. Gas prices are going down. So take the Chili's example. Chili's says, wow, we get 100% depreciation. Let's go redo a lot of our restaurants or Chipotle or Starbucks or whatever brand. Olive Garden doesn't matter. So 100% depreciation will unleash capital expenditures. You might say, oh, how does that help me? That's a tax cut for the rich. You see, that's why Hakeem the Dream Dollar Store, Obama doesn't understand any of this. So let's say Chili's Baby Back Ribs says, we are now Going to take advantage of the 100% depreciation tax cut. 100%. And we're now going to redo a hundred restaurants. Well, who does that work then? Well, the welders, the carpenters, the electricians. All of a sudden you guys are going to have more work than you can handle. And you already have a bunch of work. How about the 100% depreciation? When it comes to heavy machinery, John Deere, the auto manufacturing for buying American cars, we're going to see huge demand and capital incentives on the tax code to then invest. Right now the conference rooms are filled with decision makers and, and I can tell you, cause I talk to a lot of them. I have a zoom call today. Literally as soon as the call is done, the call is done. As soon as the show is done, I have literally two zoom calls with multiple billionaires. I could tell you. And I ask them, I love asking them questions. And by the way, tonight I have another dinner. Literally today I'm talking to decision makers and they're like, man, the vibes are back. There's a lot of investment chatter. Things are feeling better. We're opening more restaurants, we're investing in more hotels, we're buying more land, we're revamping, we're redoing. This is going to push job growth and labor growth for the welders, the framers, the foundation layers, electricians and the roofers, and also the business managers and the managers. It's actually a bottom up, top down victory. It's a full spectrum economic reset. And then here's where it gets fun. The rest of the world sees it because remember, we're only 5% of the world's population and they want to invest here too. So you have the ruling class of Saudi Arabia, of the Emirates, well, not of Iran. They can go to hell. The ruling class of Qatar, the ruling class of Vietnam, all of a sudden they want to invest in this country. And this pushes back against the Mamdanis, the Luigis, the AOCs. And remember that the trifecta, I want you to commit that to memory. It's very important. The Mamdani Luigi aoc. That is the resentment, bitter, dangerous version of the Democrat party. When the workers get a shot in the arm, when the economy works for the workers, all of a sudden things are going to start getting better. But I can tell you right now that the psychological capital expenditures are going to increase because the vibes are back right now in those conference rooms. People are talking about expansion because if you don't grow you die. And if you miss a growth curve, understand that if you are running like a Chili's or a Chipotle or a Starbucks and you play it conservatively and you don't grow when your competitors grow, that could be the difference between succeeding or bankruptcy. And no one wants to be left out. So what President Trump has done is he has created the biggest, most compelling financial FOMO in American history. And every single conference room is now filled with decision makers that want to get in. And you're going to see an economic boom that is significant, legitimate, and bottom up. Thanks so much for listening everybody. Email us. As always, freedomarliekirk.com thank you so much for listening and God bless. For more on many of these stories and news you can Trust, go to charliekirk.com.
The Charlie Kirk Show: Episode Summary
Episode Title: The Midnight Rally of the Big Beautiful Bill
Release Date: July 3, 2025
Host: Charlie Kirk
In the July 3, 2025 episode of The Charlie Kirk Show, host Charlie Kirk delves into the monumental legislative achievement dubbed the "Big Beautiful Bill." The episode, titled "The Midnight Rally of the Big Beautiful Bill," provides an in-depth analysis of the bill's passage through Congress, its implications for American society and the economy, and strategic insights from Treasury Secretary Scott Besant. The discussion is framed within the broader context of shifting political landscapes and grassroots activism led by Kirk and his organization, Turning Point USA.
Overview of the Bill’s Passage
The episode opens with Charlie Kirk detailing the successful movement of the Big Beautiful Bill through Congress. Highlighting President Trump's pivotal role, Kirk emphasizes how the bill represents a significant shift in American policy and culture.
Notable Quotes:
Hakeem Jeffries' Filibuster Efforts
Midway through the episode, a segment showcases Representative Hakeem Jeffries attempting a filibuster to oppose the bill. Kirk critiques Jeffries' efforts, portraying them as ineffective and undermining the bill's objectives.
Notable Quotes:
Deportations and Border Security
A significant portion of the episode focuses on the bill's provisions related to immigration. Kirk lauds the bill for empowering ICE to become one of the largest military forces globally, aiming to reverse the influx of illegal immigrants.
Notable Quotes:
Tax Cuts and Economic Stimulus
Kirk highlights comprehensive tax reforms within the bill, including substantial tax cuts for working-class Americans, elimination of taxes on tips and overtime, and the introduction of the Trump Baby Accounts—$1,000 investment accounts for each newborn.
Notable Quotes:
Defunding Planned Parenthood
The bill also addresses the long-standing Republican goal of defunding Planned Parenthood, viewed by Kirk as a significant victory against what he describes as a Democrat super PAC.
Notable Quotes:
Economic Transition and Policy Impact
Kirk welcomes Treasury Secretary Scott Besant to discuss the economic ramifications of the Big Beautiful Bill. Besant describes the current economy as "in transition," focusing on privatizing the economy by reducing government spending initiated during the Biden administration.
Notable Quotes:
Overton Window Theory
A significant segment of the interview covers the Overton Window—a political theory explaining how ideas shift from unthinkable to policy. Besant credits President Trump with successfully advancing multiple policies through this framework, ensuring they endure as lasting changes rather than reverting over time.
Notable Quotes:
Tax Cuts and Deregulation
Besant elaborates on the tax cuts and deregulation measures, emphasizing their role in stimulating economic growth, increasing real wages, and reducing inflation. He underscores the significance of 100% expensing for equipment, which incentivizes business investments in the U.S.
Notable Quotes:
Impact on Future Generations
The discussion also touches on how the bill benefits younger generations, particularly those entering the workforce or graduating from college. Kirk emphasizes measures like increased real wages and reduced inflation as pivotal for enabling young Americans to achieve homeownership and financial stability.
Notable Quotes:
Kirk explores the psychological impact of the bill on business leaders and investors. He asserts that the bill's provisions have reinvigorated confidence among entrepreneurs and corporations, leading to increased investments and expansions across various industries.
Notable Quotes:
The episode concludes with Charlie Kirk reiterating the transformative potential of the Big Beautiful Bill. He underscores the bill's role in fostering economic growth, enhancing national security through immigration reform, and solidifying conservative policy gains through strategic legislative action. Kirk urges listeners to recognize the bill's significance in reshaping America's future and encourages continued support through membership and activism with Turning Point USA.
Final Notable Quotes:
Legislative Triumph: The Big Beautiful Bill’s passage marks a significant conservative victory, encompassing comprehensive tax reforms, immigration control, and funding cuts to organizations like Planned Parenthood.
Economic Impact: With support from Treasury Secretary Scott Besant, the bill is poised to stimulate economic growth through tax cuts, deregulation, and incentivizing business investments, thereby increasing real wages and reducing inflation.
Overton Window Strategy: President Trump's adept navigation of the Overton Window has successfully shifted previously radical ideas into mainstream policy, ensuring their longevity and implementation.
Psychological Boost: The bill has restored confidence among business leaders and investors, leading to increased economic activities and reinforcing the narrative of national prosperity.
Future Generations: Measures within the bill aim to empower younger Americans by facilitating homeownership and alleviating financial burdens, securing their stake in the American Dream.
This summary encapsulates the key discussions and insights from "The Midnight Rally of the Big Beautiful Bill" episode of The Charlie Kirk Show, providing a comprehensive overview for those who have not listened to the original podcast.