Transcript
Vince (0:00)
Hey there. Welcome to Vince. Good to have you with us today on a Wednesday. We boy, we've got a big beautiful bill to talk about. We're gonna do that today. I want to get into the details of this. People don't appreciate what the hell is in this thing. I'm gonna give you some appreciation of it and by the end of it you are going to absolutely be rooting on the passage of this big beautiful bill. Hold tight for that. Always appreciate you joining us live. Rumble.com Vince and on the podcast, wherever you get a podcast. Thank you for that. It's a big show and I've got Hot Air's David Strom also joining us today. Got a lot to talk about with him before we get there. Gotta thank the sponsors of this great program who make it all possible. Thank you, thank you. Thank you to Birchgold. The administration has their sleeves rolled up and they're streamlining monumental moves right now. But it's difficult for them to take your personal finances into account when trying to fix the country. 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All right, so there's a lot of debate going on right now about the big beautiful bill. And we saw an attack by Elon Musk yesterday against this thing. Elon Musk comes out and says that this thing is a betrayal and it's loaded up with pork and we can't pass this and shame on anyone who supported it in the first place. And when you get a statement like that from Elon Musk knocking the big beautiful bill, you Take it seriously, and rightfully so. You take it seriously because this is a guy who obviously fought for free speech. That's been a core element of Elon Musk's presence and contribution to the country by buying Twitter, turning it into X and making it a free speech platform. Love that. Love that. He's also a guy that the President brought into the fold as both a donor, a contributor, and a guy who helped push President Trump across the finish line, making that election too big to rig and putting his own fortune on the line. You, in order to see that happen, comes in and then runs the Department of Government Efficiency. The goal there, as they started out, was to cut trillions of dollars in spending and waste and fraud inside of the government. Over time, as they were tackling all of this, by the end of Elon's time in that tenure, they cut in the vicinity of $150 billion. But I'll take anything I can get. And the spending that they were finding was cartoonish, it was out of control, transgender comic books in Peru and ridiculous social media garbage in Ethiopia or whatever. The whole point is there was a massive, massive slush fund that Elon Musk got ahold of, including at places like usaid, and said, we're cutting that funding. We're cutting it right now. So they did. They stopped spending the money. But stopping that from all from happening, it needs to go beyond just stopping the spending now. We need to statutorily remove that spending. So going forward. So there are two really important and distinct things going on now. One is the big, beautiful bill. I wanna remind you of how we got to one big, beautiful bill, how we got to just one. President Trump, when he was running for office and during the presidential transition period, said, look, we're gonna pass my agenda, and it's gonna take either one or maybe two beautiful bills. In the end, he settled on one. One big, beautiful bill. Now, instinctively, reflexively, you and I recoil at gigantic pieces of legislation. We see giant legislation and we instantly detect there's corruption going on, that there's a game afoot that we're being taken advantage of here. How dare you try and ram all this through together in one giant piece of legislation. And your instincts are right. It is good to have that instinct. But let me remind you about the vehicle here and why President Trump independently selected this, why he chose one big, beautiful bill in order to do this. The answer is because it's reconciliation. That's the vehicle that we're doing this through in the United States Senate in order to pass Anything. Any normal piece of legislation that you would present would require a super majority, 60 votes to pass because of the Democrats obstruction in the Senate. Democrats don't want to help you achieve anything. And so this can only be done with Republican votes. The only way forward is with Republican votes. And so that's why this is being done through the reconciliation process. And in order to get the President's agenda passed, in order to get all of the things that you and I voted for, the only way it's gonna get through is with a simple majority vote in the United States Senate. And there are only two categories of things that can be passed with a simple majority vote. One, a reconciliation package, the other rescissions that are, those are spending cuts, getting rid of spending that Congress has already said, hey, you should spend this money, Mr. President. And the President says I don't need to, I don't want to. And in fact, I want you to officially cut this out of the federal government's budget. We, we're not spending this anymore. So yesterday the White House sent over the first rescissions package. The first, this One is for $9 billion. Now is that the biggest sum of money you've ever heard of? No, it's not, but it's meaningful. These are cuts to usaid, these are cuts to npr, these are cuts to pbs. It needs to happen. And in fact, it's basically a starter pack for the United States Congress. Let's see, are you actually gonna cut something? Well then we're gonna present you with this. That's the plan. So they send, the White House sends over to Congress yesterday evening $9 billion in spending cuts. Now Steve Scalise right now in the Congress and the leadership in the Congress, in the House says that they're gonna vote on this next week. Now I'm not satisfied by next week. I want last night, I want today, this morning, I want these cuts done now. But they say they're doing them next week. They're going to work, they're going to pass these through the House and presumably they're going to pass them through the Senate. If they know what's good for them, they'll pass them through the Senate. That move a rescissions request by the White House. It starts a 45 day clock, a 45 day clock. By statute, if Congress fails to deliver those spending cuts, well, that money is supposed to be spent for the rest of the fiscal year. And the President can't send another rescissions package on USAID and on NPR and on pbs. He loses that Opportunity after Congress fails to act on this. So they can't fail. They can't fail. The pressure needs to be on today. You and me and everybody, you know, we should be pressuring the hell out of these members of Congress. Cut, cut, cut. When the president sends you cuts, take them up on it. Take them up on it. $9 billion. This is easy Street. Let's make this spending cut right now. So this is the beginning. This is the beginning of these massive spending cuts. Now, I also want to get back to the big, beautiful bill here because there's so much that's misunderstood about this. Helpfully, the White House, if we can put this on screen. And, fellas, as I'm talking for our great video crew down in Florida, for whatever reason, I can't see any program feedback on my lower monitor here, which normally lets me see what everything looks like. I'm just trusting you with this because I just can't see it. But on the White House website, I'm seeing 50 wins in the one big, beautiful bill. And you and I, we've had this conversation. We've talked about the basics here. We're making permanent the Trump tax cuts from 2017. We're making permanent the 2017 Trump tax cuts. You know what that means? That means we're preventing a 22% tax hike on the American people. A massive, massive tax hike on the American people. What do you think that would do to the economy if we had a 22% tax hike on you, on me, on everybody. You know, it would stagger it. It would throw us into recession. It would destroy us to have a 22% tax hike. That's insanity. That can't happen. And by the way, when Democrats vote against this package in the Senate, just like they did in the House, you will be able to say Republicans all the way up to the midterms. The Democrats voted for a 22% tax hike. How's that, American people? What do you think of that, American voter? I'm opposed to that. Also, of course, we get no tax on tips, we get no tax on overtime, and we get a massive deduction on Social Security. A massive deduction on Social Security. That's a technical quirk of being able to pass this through reconciliation. They didn't have any other options. They could only go with a deduction on Social Security. But it's meaningful. It provides a lot of tax relief, especially for seniors who are depending entirely on Social Security checks to get by not having to pay taxes on that anymore. It's crazy that we charge People, taxes for receiving Social Security checks back. It was already taken from them in the first place. Just give them their money. But here we are. But not only do we see a huge tax cut extended and added to by the Trump administration and by the Congress here, if they pass it, which, by the way, is why the CBO says it adds to the deficit. They claim tax cuts amount to government spending. They don't. Tax cuts generate revenue to the federal government. The CBO has lied to you about this subject. You know, in 2017, on Trump tax cuts, when those first ones were passed, do you know how wrong these guys were? Do you know how wrong the CBO was? They got it wrong by half a trillion dollars. The government generated a half trillion dollars in revenue in just the first six years, the first six years of the new. Of the Trump tax acts. Back in 2017, the CBO got it completely wrong, and they're getting it completely wrong again. So any senator you see right now, anybody who's coming out and relying on the CBO score as a basis for saying we can't pass this bill, they're lying. Or they themselves are being deceived. They shouldn't be given how often the CBO has been wrong. Also, this. Do you realize that this bill. Does anyone know this? The bill funds the entire border wall. Did you know that? The bill funds the entire border wall. This is huge. Not only does it fund the border wall, it increases funding for Border Patrol and ICE agents. That is a massive, massive thing. Also, we're getting money for detention space for the logistics for deporting people, the ability to have the planes to do it. You want mass deportations. The government's got to be able to do it. We've got to have the logistical means to do it. This is the single biggest border security package that's ever been presented to the Congress. It's the single biggest deportation package that's ever been presented to the Congress. Do you realize how big this is? Let me make. Let me put this differently. How many times have you seen immigration bills presented to Congress? How many times? And Go ahead, chat. You tell me, if I ask for border security, what is the radical left asking for in return in order to make that deal? If I say I want to secure the border, I want more people to deport the illegals from the country, what do they ask for in return? Every single time. Go ahead, tell me, chat. I know somebody knows the answer to that. Ronald Reagan experienced this in the 1980s. They made this deal. He said, I want border security. What did they tell Reagan they wanted. Come on, I'm waiting for it. There it is. Soul powered gets it first. Amnesty, amnesty, amnesty, amnesty every damn time. Amnesty is what these guys always demand in order to, quote, secure the border. Guess what is not in this package? Amnesty. There is no amnesty here. So wait a second, I. Hold on a second. So you're telling me that you're gonna increase funding for ice? You're gonna increase the logistics for deportations, you're gonna get to the level of mass deportations, you're gonna fully build the border wall, you're gonna secure our country with this legislation? And there's no amnesty in this thing. Why, Vince? Why is there no amnesty? Because it only requires 51 votes in the Senate. I don't need the radical left to be a part of this equation. I don't need them. Ladies and gentlemen, I'm telling you, you are looking at a piece of legislation that has within it so many of the priorities that you voted for. It boggles the mind. I know. People are reflecting right now on the number of pages in this thing and saying, there's a lot of pages. And I didn't realize it's such a long bill. Well, yeah, no kidding. The White House, I'm looking at this thing. What do they got? It delivers the largest tax cut in American history. It makes the Trump tax cuts permanent. It raises Americans tax take home pay by as much as $13,300 and wages by as much as 11,600 bucks. It reverses the spending curse plaguing DC. The bill delivers the single largest deficit reduction in 30 years. $1.6 trillion in cuts over 10 years. And I gotta. Let me tell you the other side of this. $1.6 trillion in cuts, the bill's total expenditures. This includes the defense spending, the golden dome that President Trump is, including the spending on the border wall, the spe, all of that spending. That's $4 trillion of spending over 10 years. That's 4.
