Is Musk Right about the BBB?

Episode Transcript

Speaker 1 (00:00):
Six one seven two six six sixty eight sixty eight
is the number. Okay, before we go to the phone lines.
Hahah Wednesday, you know what it is at this time?
Truth or Troll. Take it away, Mike.

Speaker 2 (00:18):
And now America's favorite game show where you get to
decide on the Kooner Report.

Speaker 1 (00:26):
This is Truth or Troll.

Speaker 3 (00:32):
Today's entry for truth Ortrol comes from President Trump speaking
to reporters in the Oval Office when he's asked to
give marital advice to Emmanuel Macron after video surfaced of
him being publicly humiliated by his wife.

Speaker 2 (00:46):
This week, there was a video on mortaplane that showed
the First Lady of France slapping her husband Emmanuel mccron.
Do you have any world leaders, world leader marital in life?

Speaker 1 (01:01):
Make sure the door remains closed.

Speaker 4 (01:11):
So what do you think, Jeff, is he trolling Macron?

Speaker 2 (01:14):
There?

Speaker 4 (01:15):
Where's he telling the truth?

Speaker 1 (01:16):
I think he's telling the truth.

Speaker 4 (01:18):
It might be a little bit of bold.

Speaker 1 (01:20):
Yeah, So let me ask all of you. His advice
to mccron is, you know, when you're having a a
marital disagreement, Let's put it this way, and your wife
is slapping you in the face, keep.

Speaker 4 (01:37):
The door closed.

Speaker 1 (01:39):
Is he A. Is he being truthful? Is it true?
Or B is he just having some fun and trolling.
I want to hear from you. You can vote on
our web page wrko dot com slash cooner wrko dot
com slash cooner. K u h And is in national Er.

(02:00):
You can also vote via x and I am very
active on x my handle there at the Kooner Report.
All one word kuh And is in national Er. Okay,
very quickly listen now to Speaker Mike Johnson, because he's
coming under a lot of fire now from a lot

(02:21):
of MAGA supporters for pushing forth this massive abomination. He
is very upset and disappointed with Elon for coming out
so forcefully against the bill roll cut sixteen A. Mike,

(02:42):
the bill dis Yeah.

Speaker 5 (02:43):
Let me let me say this.

Speaker 6 (02:45):
It's it's very disappointing.

Speaker 7 (02:46):
Okay.

Speaker 6 (02:47):
I've come to consider Elon a good friend. He's obviously
a very intelligent person, and he's done a lot of
great work. We've applauded all the work they've done with
dog and identifying broadways abuse in the government. It's a
very important service that's been performed, and we're so excited
about it. We're now in the process of codifying that.
As you all know, the administration has qualified and quantified

(03:07):
the fraudways abuse that we found in Dote. They're sending
it to us and thought to buy. And that's what
we'll be doing with the precisions package and the appropriations process.
And so that's something we're very excited about. But with
all due respect, my friend Elon is terribly wrong about
the one big beautiful bill.

Speaker 1 (03:23):
So he says that Elon is terribly wrong. Now again,
notice the Recisions package, but that's going to be later.
That's going to be after they pass the bill. So
it's always the same. It's always we spend, spend, spend.
We're going to have massive deficits, raise the debt ceiling

(03:46):
this time now by an incredible, unbelievable five trillion dollars.
But don't worry. Trust us, we're going to start cutting
in the future. I don't believe them. You may disagree
with me, please if you think they should pass the
bill as is. I want to hear every side of this,

(04:08):
you know. I mean, I respect Kooner Country, obviously, I
respect MAGA, and I know there are a lot of
differences on this. People disagree honestly disagree, but I don't
believe them. I just I don't believe them. And look,
I'm not generally a big fan of Brit Hume on Fox,
but I heard him recently and on this he's not
one hundred is I like to say, But he's a

(04:29):
thousand percent correct. As Brit Hume said, you know, he said, Look,
when I came to Washington forty fifty years ago as
a reporter, I honestly thought that the hardest thing that
could be done in Washington, d C. In Congress, the
toughest vote to take would be a vote on war
to send our men and women to die, potentially to

(04:53):
raised taxes, because it's very unpopular and could be your
political death knell. He said, No, what I've realized is
it's practically impossible. In fact, it has never been done.
In fifty years that I've been covering politics, it has
never been done. It's the one thing that is it's nuclear.
It just can't be done. And that's a spending cut,

(05:18):
an honest to goodness real cut in spending. He goes,
it's impossible. The members don't want to do it, the
lobbyists don't want it, the special interest scream and squeal
like pigs. Voters hate it if any program or any
grant or any funding is cut whatsoever. So one of

(05:41):
the things I want to stress to everybody, all of
you out there in Kooner country, is when the Democrats
go on about kicking Granny off a cliff and you
know they're going to starve. That's just cuts medicaid, This
cuts healthcare. They're a lie through their teeth in Washington.

(06:05):
You know, what's considered a cut a decrease in the
amount of the increase in spending. So say we're spending
two hundred billion dollars on something and the budget and
they say, well, we want to spend three hundred billion.
The Republicans say, now, let's spend two fifty Literally, this

(06:27):
is what they say. This is a fifty percent cut.
What cut? It just slows the rate of increase. We're
at two hundred billion, We're now going to be spending
two hundred and fifty billion. But no, they were projecting
or wanting three hundred billion. So they go, well, we're
going from three hundred billion to two hundred and fifty billion.

(06:49):
My god, look at these cuts. No, there's never been
a spending cut in fifty freaking years. Honestly, it's like
my family. I swear to you, it doesn't matter whether
it's my wonderful wife and my kids, my in laws,
my sister, it doesn't matter. It's Congress runs exactly the

(07:12):
way my family runs. I'm like, spending never goes down
every year, the family budget, it always goes up. It's
always up. We don't even cap. It's not even okay,
it's just don't spend. Don't spend anymore. You're spending a lot.
Just keep the spending as is. Okay, Just give me

(07:35):
about sixty seconds because I want to go to the
phone lines. But this is what I mean when I
say this has got to stop. They've been doing it
now for so long. I don't know if they can stop.
But these massive, huge, pork filled, these massive bills, they

(07:56):
these outrageous bills where they just throw everything in there,
thousands of pages long. Because this is what happens. Nobody
has time to read the whole bill. So listen now
to Marjorie Taylor Green. This is in fact, I want
to give a hat tip to Grace. Grace was the
one who sent me this story just about maybe fifteen

(08:16):
minutes ago. So Marjorie Taylor Green, to her credit, says,
you know, I'm gonna be honest with all of you.
I just found out about this five trillion dollar increase
in the national debt, the debt ceiling, and she says,
I didn't read the whole bill. I didn't have time,
even though she voted for it because she wanted to

(08:39):
get you know, many of Trump's campaign promises and a
lot of his agenda passed. She said, no, I didn't
read the bill in full. And she said, I agree
with Elon's criticisms after looking into the bill in a
much more in depth way, you know, reading more and
reading more and reading more, she says he's comple right.

(09:02):
And furthermore, there's a section on artificial intelligence, with some
of the callers in this audience already pointed out some
of these provisions that she's dead set against that they
have to be removed as well. So it seems to me,
no matter what, they're gonna have to fix some of
the bill. No matter what, they're gonna have to fix it. Well,

(09:23):
at this point, if you're gonna have to fix it,
you're not gonna pass it as is. Then cut the spending. Now,
my larger point is just this, It's an obvious one.
That's why they want these big bills because everybody knows
who's going to read two thousand, three thousand, four thousand pages. A.

(09:44):
There's no time because they rush it so quickly, and B.
It's the most boring reading on the face of the earth.
Like you're like, you keep falling asleep. You can't get
past two paragraphs. And that's the corruption, that's the heart
of the corruption. And that's when they can pay off
the lobbyists and the special interests and their donors. And

(10:07):
and they don't care about us. They don't care about
our children. They don't care about the long term economic, financial,
fiscal health of our country. They don't care we're mortgaging
the futures of our children and grandchildren. What do they care.
They're there to line their pockets and to pay off
their donors. And that's again what this bill does. And

(10:32):
that's why I'm look. I agree with elon cut just
cut it, cut the spending. No, take out the pork,
take out all the subsidies, take out all the giveaways,
take out all the goodies, and get the you know,
don't add five trillion. I don't think we're asking for
too much say, or at least I don't think I'm

(10:54):
asking for too much. Agree, disagree six one seven two
six x sixty eight sixty eight. And it seems to
me correct me if I'm wrong. But you know, it's
what I said to Grace again last night. I said,
it's almost like this country is becoming like a heroin addict.
But when it comes to debt, Congress is addicted to debt.

(11:18):
It just can't stop spending and record spending and unprecedented
spending and almost mindless spending and wasteful spending. And so
we've got a country now thirty seven trillion in the hole,
thirty seven trillion with a tea. We're the most indebted

(11:39):
country in the history of the world. They want to
add this bill eight trillion to the national debt in
two three years, it's at forty five trillion. It's just
and it's not just. Look, I'm telling you, this debt
is going to choke us. It's going to suffocate us,
it's going to crutch us. But it's not just Congress.

(12:03):
Many Americans, and honestly, I include myself in this credit
card debt personal debt. Everything's on debt, everything's on credit.
It's as if our whole country runs on debt, because
it's not just members of Congress, it's many, not all,
obviously many many, many people save and look, we try

(12:25):
to balance our budget. Don't get me wrong, But what
I'm saying is it's as if our whole country is
addicted to debt and eventually it's going to catch up
to us. And I'm sorry, but when it comes to
the government and it comes to the budget, that's our

(12:45):
children and our grandchildren. And I can't think of anything
more selfish that we're going to keep, you know, giving
ourselves massive spending increases and give the kids the bill.
So we spend on ourselves, and we spend on ourselves,
and we spend on ourselves because we don't want to

(13:06):
make any kind of sacrifices, but our children are going
to be left having to pay for it. That's wrong.
That's just wrong. It's wrong. It's generational theft. And I'm sorry.
I did not vote for five trillion dollars in increasing

(13:27):
the national debt, and I'm sure most of MAGA didn't
as well. Agree disagree, Ron in Holliston, thanks for holding Ron,
and welcome.

Speaker 7 (13:39):
Jeff.

Speaker 8 (13:40):
Good morning.

Speaker 9 (13:40):
How are you.

Speaker 1 (13:41):
I'm good? How are you?

Speaker 4 (13:42):
Ron?

Speaker 7 (13:43):
Good?

Speaker 10 (13:44):
Good?

Speaker 7 (13:45):
Hey. Reason for my call this morning is on June fourteenth,
Flag Day Saturday. There the George Sorows protests are going on,
the no Kings and the hens Off protest. They're continuing them.
The Silver Socialists I'll call them, but they are They're

(14:08):
going to be in a lot of small towns. What
they've been doing is they've been amassing like huge crowds
and putting them in very small towns and Walpole at
the Common from eleven to one. They're going to be there,
and I think that they should be countered, and I'll

(14:28):
certainly be there in Walpole. So I'm just putting that
out there.

Speaker 1 (14:32):
Ron. I mean, I get where you're coming from, but
it's a little bit off topic. What do you make
of Elon blasting the bill and now growing opposition among
many conservatives and MAGA supporters to the so called big
beautiful bill because it just spends way too much. Are
you with Trump or are you with Elon?

Speaker 4 (14:51):
On this one?

Speaker 7 (14:55):
It's that I would say I'm a fan of the
tax cuts that are coming within the bill, the no
tax on tips, the no tax on overtime. I don't
know if they are forwarding the idea of I remember
they were talking about no federal income taxes on people

(15:17):
earning below two hundred thousand dollars a year. I think
that those things would those things, along with the tariffs,
would offset a lot of things and put a lot
of money back into a lot of people's pockets.

Speaker 10 (15:31):
Now, as far.

Speaker 7 (15:32):
As like, I'm against expanding the debt, so I can
see Elon Musk's perspective of going through what we've been
going through with Doze to make all these spending cuts.
But then it's kind of anesthetical to raise the ceiling.
Raise the ceiling for what purpose? That's the question is

(15:54):
why do we need all that room if it's not
to encur for their debt. So I think that there
is some hard questioning that needs to go on, and
hopefully that will that will push forward a better bill
than what it is in its current form.

Speaker 1 (16:14):
I'm with you, and very well said, very well spoken,
Ron Ron, Thank you very much for that call. Make
it better, fix it, improve it, and and cut some
cuts to me, cut the spending, you know, at least
make it somehow fiscally responsible and keep everything else that
Trump campaigned on, because I think it's brilliant. Okay, let

(16:37):
me ask all of you six one seven two six
six sixty eight sixty eight. Can this bill be fixed?
Or let me ask you if it doesn't pass, if
this is the problem, if it doesn't pass because of
the spending cuts, then the Rhinos won't vote for it

(16:58):
in the House. Two six sixty eight sixty eight is
the number. Okay, let me ask you. It's the Kooner
Country Poll Question of the day sponsored by Marios Mario Siding,
Roofing and Windows. Why do you think Elon left the

(17:22):
way he did? In other words, he left the Trump administration?

Speaker 4 (17:26):
What was it?

Speaker 1 (17:26):
Last week? They made a big deal. He was in
the Oval office. Trump personally thanked him. They both praised
each other. Trump gave him a very nice sendoff. So
why do you think Elon Musk left the Trump administration?
Is it because A it was really the predetermined end date.

(17:46):
In other words, you know, it was one hundred and
twenty days. He was a special government employee. That's the limit.
Four months. He did his four months and that was
the deal and he left. Or B that he's no
longer on the same page as Trump, especially when it
comes to this so called big beautiful bill. He wasn't

(18:09):
happy with it, and it was clear he wasn't happy
with it, and he just felt he couldn't stomach it anymore.
And that's why because of policy disagreements, that's because he left.
So is it A he just left because that was
the predetermined end date or do you think B. He
no longer agrees with Trump on every single issue, and

(18:33):
in particular when it comes to this big beautiful bill.

Speaker 4 (18:36):
A or B.

Speaker 1 (18:38):
I want to hear from you. You can vote on
our web page WRKO dot com slash cooner wrko dot
com slash cooner. Kuh And is in national Er. You
can also vote via x my handle there at the
Kooner Report one word. Kuh And is in national Er.

(19:01):
Russ in Boston, you've been holding patiently, Russ, Thank you
and welcome.

Speaker 10 (19:08):
First of all, Jeff, it is extremely rare that I disagree,
not only that if you say it's okay, I'm going
to screw up your truth control. Is it okay?

Speaker 8 (19:19):
Yeah?

Speaker 1 (19:19):
Of course, go ahead, of course, all right, I.

Speaker 10 (19:22):
Heard it directly from the President.

Speaker 8 (19:24):
It is true.

Speaker 5 (19:26):
But he said is true, and like always, I can
never wait to see what it's going to come out
of his mouth. I mean, he's just unbelievable, Jeff. I mean,
there's no question about it, all right, No, Jeff, I'm
not an economist. I'm far from it.

Speaker 10 (19:43):
In the last party years, I only respect two.

Speaker 11 (19:46):
Presidents Reagan and Trump. President Trump not only has a
brilliant track record, but like those who signed the Declaration
of Independence, he put his life in wealth on the
line to save this great country.

Speaker 10 (20:01):
I believe it will work. The Democratic Party has survived
by creating and expanding the dependency class. President Trumpt's plan
will turn the dependency class into the working class. It
will prevent communist China from dominating the world. President Trump
is our last and best hope. If he fully funds

(20:24):
the military and cuts funding from the dependency class, it
will be crucified by the love stream media and the
fact that I have here at Massa stupid the majority
of the voters here will believe it.

Speaker 1 (20:36):
Russ. So you're saying, past the bill as is, don't
monkey around with it. If you push too hard on
the spending cuts, you're going to lose. You know, the
rhinos or the more establishment Republicans in the House, and
in the end, then you're going to get nothing passed.
And if this bill doesn't pass, it's going to be
a massive blow to Trump's presidency. I think, to be honest,

(21:00):
they may destroy his presidency. He's got to get a
bill passed. But worse, in some cases, the tax cuts
are going to expire, which is going to lead to
I think what whatever economists now saying a four point
five trillion dollar tax increase if the you know, if
the tax cuts expire and they're not renewed, which would
send this economy into a d procession and would hammer you,

(21:24):
hammer me, hammer everybody because all our taxes would go up.
So Russ, am I reading you correctly pass the bill
as is. If you want to do other spending cuts,
do it in the future. This is not the time
to do it.

Speaker 10 (21:38):
Correct yet one percent, I this is not the time
to do it. The time is to get this so
called beautiful bill passed and move on and get this
country back on the track to prosperity.

Speaker 1 (21:53):
Russ thank you as always, So you heard Russ Uh.
He's making the argument that you know Trump is still making.
That's Trump's argument at past so far and what Mike
Johnson is saying and many others are saying, saying, look,
this is not you know, don't let the perfect be
the enemy of the good. That's essentially their argument. So

(22:14):
do you agree if you were a member of Congress,
knowing now what we know, because you know a lot
of information has now come out in the last couple
of days, would you vote for the bill as is?
Or would you demand changes to the bill, especially more
cuts and spending. In other words, are you with Elon

(22:36):
and the fiscal hawks and the some of the conservatives,
or are you with Trump and Speaker Mike Johnson and
John Thune six one seven two six six sixty eight
sixty eight. Listen now to Rand Paul. He now is
completely with Elon on this, and to give him his due,
he's the one he was reading the bill, reading the bill,

(22:58):
reading the bill, and he's the one that found the
five trillion dollar increase in the debt ceiling. Listen now
to Round Paul on Fox saying the math in the
bill just doesn't add up. Roll cuts sixteen.

Speaker 12 (23:14):
Mike, the biggest objection I have to the bill is
adding five trillion dollars to the debt ceiling.

Speaker 4 (23:22):
I'm actually very supportive of the tax cuts.

Speaker 12 (23:24):
I don't accept the CBO notion that the tax cuts
will lead to deficits. The reason I believe there will
be more deficits is they're raising the debt ceiling five trillion.

Speaker 4 (23:33):
We know that this year.

Speaker 12 (23:34):
Most of the Republicans, not me, voted to continue the
Biden's spending levels in March, so we're going to go
through September of this year and the deficit for this
year is going to be over two trillion. If you're
borrowing five trillion, that makes me think you're going to
add over two trillion, maybe two point eight trillion next year.
So it doesn't show me that you've turned around. If
you look at the spending cuts, it's complicated because it's

(23:54):
a one point five trillion. It sounds like it's enormous number,
but it's over ten years, so it's one hundred and
fifty billion a year. They're also increasing spending for the
military and for the border three hundred billion.

Speaker 4 (24:05):
That's actually more than all the DOSEE cuts that we've
found so far.

Speaker 12 (24:08):
So something doesn't really add up here, And I can't
be on record as being one who supports increasing the
debt by five trillion.

Speaker 4 (24:15):
I think that's irresponsible.

Speaker 1 (24:18):
Look again, that's my position, ats Elon's. But I'm just
saying I can't in good conscience, I cannot increase the
debt by five trillion. I can't. Like I'm sorry, I
just I can't do it. I can't look at my
children personally. I can't look at my children in the
eyes and say, yeah, well, you know, I back something
and you're gonna have to pay for it. Sorry, Junior Ava, Sorry,

(24:41):
I start working now and save because you're gonna start paying.
You're going to be paying a hell of a lot
more in taxes down the road. I can't do it,
But that's me. I want to hear from you. Six
one seven two six six sixty eight sixty eight. Mark
in Milton, Thanks, thanks for holding Mark, and welcome.

Speaker 9 (25:03):
He Jeff, thanks for taking my call, my pleasure.

Speaker 8 (25:07):
Someone called last.

Speaker 9 (25:08):
Week and complained about the bill, comparing it to Nancy
Pelosi's statement that well, we have to pass it to
see what's in it. Oh wait, that was actually me.
I don't care if these people have to work all summer.
Why Donald Trump almost ruined his first presidency when he

(25:28):
passed that reconciliation bill because he got pressured into it.
I think if he doesn't pass this bill, his presidency
will fail. And if he does pass this bill, his
presidency will fail. So what's the answer the top thirty items?
We heard all about dough and spending cuts. The only

(25:51):
way to do that is to take this bill page
by page and pass it page by page. I don't
see any other alternatives.

Speaker 1 (26:01):
Oh, in other words, mark break it up into pieces, right,
and just you know, past the tax cuts, and past
the border aspects, the deportation, border aspects, past the iron
dome or the missile defense shield, past that, you know, whatever,
and just do it piece by piece by piece. Correct.

Speaker 10 (26:22):
Yes.

Speaker 9 (26:23):
And the beauty of doing like that is you get
to see how each and every member of Congress and
every Senator votes, so we know exactly where they stand
on every single issue. And they can't say, well, I
had to vote for the bill because of all the
good in it, or I didn't vote to the bill

(26:44):
because of all the.

Speaker 8 (26:44):
Bad in it.

Speaker 9 (26:45):
Now they get to put their reputations and their work
efforts actually on the line. This bill will destroy either way,
this bill destroys Donald Trump's presidency. It destroys JD Vance's
opportunity in three and a half years. It destroys everything

(27:12):
that Mega seems to stand for. And oh, by the way,
we need to stop being like Democrats. Everything that our
side does is not good and we need to call
it out when it happens. And you know what, and
when people disagree with ours from our side, who disagree

(27:33):
with our side, we are not traders. All of this
attacking of some of the rulings on the Supreme Court,
some of it warranted, some of it not. But the
Supreme Court overall has done a pretty good job. I
don't understand some of their rulings, Mark, Mark Wark.

Speaker 1 (27:52):
Please, I'm not trying to. It's not that I'm afraid
of the topic or anything I don't want to get
because you're this is such an important issue. I don't
want to get distracted now with the Supreme Court. But
your point is one thousand percent valid. Just because you
disagree with something that Trump does or what doesn't make
you a trader, right, or that our side does doesn't
make you a trader. You're completely right, Mark, I just

(28:14):
want to go back to what you were saying. I
understand where you're coming from when you say, Jeff, well,
if the bill doesn't pass, Trump's presidency is destroyed.

Speaker 4 (28:24):
I get it.

Speaker 1 (28:24):
Why because it's obvious. It's it's his tax cuts being
made permanent. It's no tax on tips, no tax on overtime,
it's everything. The provisions for the border for deportations is
border wall. It's everything he campaigned on. So yeah, I
get it. I mean then his presidency will grind to
a halt and his agenda now will be suffering a

(28:46):
major defeat. So I get that. But say it passes
with the massive spending increases and the lifting of the
debt ceiling by five trillion dollars, how does that destroy
his presidency? Mark flushed that out a little bit.

Speaker 9 (29:01):
More because it goes against everything that he campaigned on.
He's campaigning. He campaigned on, you know, among the obvious,
the border, et cetera. He campaigned on FISCO responsibility, he
campaigned on I'm a business guy. You walk people through

(29:25):
what Congress considers a cut twenty minutes ago, where a
cut is really just less of an increase. I don't
think a business guy thinks about it like that. This
goes against just it'll lose people like me, that's for sure.

Speaker 1 (29:44):
Well, and I think you know, and Mark, look, and
that's what many of Trump's supporters are saying. I would
even say, frankly the majority where they're saying, Look, you
told us that you were going to reduce the size
and scope of government. You told us that Biden's budget deficits,
and it's all true. We're you know, fiscally irresponsible and reckless.

(30:05):
And here we got a bill that actually spends more
than Biden ever did and puts even a bigger hole
in the deficit and in the national debt. So, in
other words, it'll destroy his credibility and that of MAGA.
And look, I think from this point forward, the Republicans
will own the national debt. This is what's incredible. And

(30:26):
I think in the future, who's ever going to believe
when the Democrats come back to power, and they will.
This thing is it's always sick. Look all right, these things,
you know, goes back and forth. When Republicans say, well,
we got to cut spending, we got to be fiscally responsible,
we got to balance the budget, no one's ever going
to take them serious again. So I think you're right, Mark,
it's going to damage Trump's credibility, but it's also going

(30:49):
to really damage Maga's credibility. And in the end, this
is what I'm you know, I know the President's people
are listening, and this is what I would plead with
them right now. Is a five trillion dollar increase in
the national debt and the debt ceiling. Is this the
hill that the president wants to die on? I understand

(31:14):
there are outstanding parts of the bill, no question, but
five trillion is five trillion is five trillion, and Ran
Paul is right, You're looking at two point five trillion
dollar budget deficit this year with this bill. Biden's was
two trillion. This is two point five, you know, almost

(31:37):
almost the three trillion. So you're looking at adding eight
trillion dollars to the debt in the next couple of years.
That's forty five trillion. We're Argentina like, there's no I mean,
I don't you don't have to be an economist to
figure that out. So and I know the President's counter argument,
it's a good argument, which is, but the economy's gonna grow,

(31:58):
the economy's gonna boom. When the economy booms, the tax
receipts are going to pour in. It's going to offset
a lot of this. Okay, but man, that's a gamble.
That's a big gamble. Cut the spending. Now, you cut
the spending, Now you get everything? Mark, Am I wrong?
Final word to you?

Speaker 9 (32:20):
That is exactly my point? And can I just throw
one thing in about the bill and the tax on tips? Yes,
I don't think people realize it's only the first twenty
five thousand dollars of tips and the person claims it
as a deduction. People need to be more informed. I
don't know if there's a ceiling or a floor on

(32:42):
the no tax on overtime, but when people find out
and there's lots of people who make a lot more
money than twenty five thousand dollars in tips, I mean
I would love an extra twenty five thousand dollars deduction
on my tax return. So it is, it's a great benefit,
but it's not no tax on tips.

Speaker 1 (33:01):
Whoa Mark, Mark? Whoa whoa whoa wa Mark, Mark? This
is huge. I thought from again everything I read, it's
no tax on tips period. You know, twenty five thousand
and fifty thousand, whatever, one hundred thousand, there's a bartender
or a waiter or waitress server, whatever you make on tips,
you keep you're saying, Mark, it's it's only up to

(33:23):
twenty five thousand. After twenty five thousand, it taxes tips.

Speaker 9 (33:30):
Find I don't know if there are two separate bills.
I read the Senate bill and it said there's a
ceiling of twenty five thousand dollars. Yes, so okay, I
get really tired of even my people no tax on
tips me to like. First of all, I don't like
it because it creates a separate class of earners. And
I don't you know, we've got to stop hitting people
against each other. Just lower everybody's taxes across the board.

(33:53):
But that's beside the point. If it's the Senate bill,
there's a ceiling of twenty five everything about twenty five
thousand dollars is taxed. It's a twenty five thousand dollars
deduction in.

Speaker 1 (34:03):
Market employ Yeah, Mark, what Sandy is telling me in
my ear and we'll just obviously fact check this, but uh,
she says it's the other way. She says, you're right,
but it's the other way around that. The the House
bill caps it at twenty five thousand, uh, and that's it.
But the Senate build there's no limit on the on tips.

Speaker 9 (34:25):
I took it out of Senate bill something that I mean,
Sandy may be right, but somewhere somewhere in there is
a is a limit.

Speaker 1 (34:36):
No, I hear you.

Speaker 7 (34:37):
No.

Speaker 1 (34:37):
I think that's yeah that there's no doubt about that. Yeah. Well,
just whether it's the House bill or the Senate bill.
And I Sandy saying, the House bill caps it at
twenty five right, okay, So the House bill is twenty
five thousand on tips capped. Senate bill there's no limit.

Speaker 7 (34:54):
Yeah.

Speaker 4 (34:54):
Yeah.

Speaker 1 (34:54):
So now they're deciding whether they should do it as
a standalone just you know, do a one bill on
whether you should tax tips are not or included in
the big beautiful bill. Rand Paul is urging, and again
I think he's right on this. He says, no, take
it out of the big beautiful bill and just put
it in the House. Up or down? Do you want

(35:14):
to tax tips? Yes or no? And he says it's
going to pass. And Rand Paul wants no limit. No,
the not twenty five thousand, no limit. And he says
the Democrats will vote against and it'll be you can
devastate them and so but take it out of the bill.
So anyway, basically mark your point. Look, Mark, I agree

(35:36):
with you, and I remember your call from last week,
and my friend, I got to tell you you're a prophet.
That's all I got to say. You're prophetic, my friend, Mark,
thank you very much for that call. Okay, you've heard Mark,
you've heard Russ. You're hearing all sides. Where do you stand?
Do you agree with elon should they make major changes
to this bill or pass it as is? Barbara in Maryland,

(36:01):
Thanks for holding Barbara.

Speaker 8 (36:03):
And welcome, good morning, and thanks so much for taking
my call. Oh ye of little faith, oh ye of
little faith, is all I have to say, and I
will say this to your previous caller. As far as
a deduction on tips, I'm a tax professional. As a

(36:23):
matter of fact, I have a title called tax expert.
And one of the things about tips, it's just like
he's not talked about half of it as a deduction.
What I do believe he met is the deduction of
one half of the self employment tax, which is a
deduction period. As far as that goes, there's no deduction

(36:46):
on He indicated that it was that's how it is.
Now there's a limit. Now the half that is deductible
is on the self employment tax. That would be the
tax where you pay taxes on your own money. But
anyway that aside, you would think that those made no

(37:08):
cuts and that all of the at least exposed trillions,
at least hundreds of billions that we know was fraud, waste,
fraud and abuse. And somewhere I think I heard just
yesterday about the growth in this economy. Is there anything

(37:33):
that indicates to anyone who's listening that this economy is
not going to boom, that it is not going to
have more jobs. It's already started. There's no doubt that
the tariffs are going to be a big winner. And
you know why, because that's how it used to be,

(37:53):
and it was a big winner then, and it'll be
an even bigger winner now. I go along, were getting
rid of a lot of the entitlements. I say this
as far as that bill, take the limit, take the
tips out, put it in the house. That's a good idea.
Just take it out completely. Then also it will smoke

(38:13):
the Democrats. That's the reason I like that. It will
smoke them if they vote no. Against no tax on
tips as a standalone bill, So that'll take care of
twenty twenty six. That'll be a done deal if they
did that. But what President Trump is doing right now,
in my opinion, I'm one hundred percent in his corner.

(38:36):
We have passed bills by some of the worst, well
one of the worst presidents, which was what Joe Biden
did in the last four years. How many Republicans stood
up and did not vote for

Speaker 1 (38:50):
That's an excellent point.