July 1, 2025 • 7 mins
The average household has $6,808 annually at stake this week based on whether President Trump’s BBB is signed into law or not.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:04):
Have a question or topic you want to have addressed.
Just ask. This is the Brian mud Show Today's Q
and A.
Speaker 2 (00:13):
What President Trump's One Big Beautiful Bill Act memes to you?
This brought to you by Melissa and Ashes check Mark
Collections every day feature listener questions sent by one of
these methods. You may email me Brian Mud at iHeartMedia
dot com, hit me up on Social acts Brian Mud Radio.
You may also use the iHeartRadio talk back feature. We
would love it if you would inside the app. And
(00:35):
by the way, this could be in your car right
there in iHeart, it could be in your phone. Make
us your number one preset than the Brian Mudshow podcast
your number two preset. That way, We're always there for you,
for for you on demand. You also see a little
microphone button. You see it, you tap it. You may
lay down a message right there, maybe for a future
Q and A Today's note this, Brian, I found it
hard to find good information for what the current version
(00:57):
of the BBB would actually mean to me, the average American.
I get it that the drum tax cuts would be
permanent in the new tax on tips and overtime, but
that's about it. Please address this as I think it
would influence a lot of people if they understood it better.
Thanks and so yes, Senator Roger Marshall.
Speaker 3 (01:15):
On that note, we cannot blow this chance. This is
the President's legacy, his agenda. If you supported President Trump,
you should have support this bill. This will be the
largest tax decrease in American history. We're going to secure
the border, a whole lot of other good things, but
mostly this is the beginning of America's great Golden era.
Speaker 2 (01:34):
So in the off chance that you have not read
the nine hundred and forty page bill.
Speaker 4 (01:40):
I got to page eight twenty and I just pooped out.
I was like, that's it. Eight twenty Yeah, took me
all night.
Speaker 2 (01:50):
Well, well, I mean, if you're going to get to
one one and twenty and now you quit, I'll be
a questence.
Speaker 4 (01:58):
It's like another one hundred and twenty pages.
Speaker 2 (02:00):
It's like the Voterama you got to pick up the
next day and keep going. So anyway, yeah, good chance
that had this thing not been read aloud in the Senate,
that none of the senators would have read all nine
hundred and forty pages either. But I have spent a
great deal of time with this thing analyzing it. We
also have a lot of outstanding organizations that have provided
analysis as well, like the Tax Foundation, and so I
(02:23):
can give you some pretty good guidance here on exactly
what this means to you. And I talked about this
quite a bit in my takeaways, but I want to
drill down these specifics to answer your question here. And
the first piece, the most extensive piece, is the permanent
extension of twenty seventeen's Tax Cuts and Jobs Act, the
(02:43):
original Trump tax policy. Here's the big thing in terms
of what it means to you. For the average American,
the average tax filer, your taxes would rise by twenty
two percent.
Speaker 1 (03:00):
If this doesn't pass.
Speaker 2 (03:02):
And if the tax policy expires, just nothing happens here
because it will expire otherwise. And so that equals savings
of thirty nine hundred and eight dollars per year or
a tax increase of three thousand, nine hundred and eight
if it goes away. Then you talk about the increase
in standard deduction. It raises the standard deduction to sixteen
(03:24):
thousand for individuals and thirty two thousand for married couples
filing jointly starting in twenty twenty six.
Speaker 1 (03:31):
That is one.
Speaker 2 (03:32):
Thousand dollars higher per person than the current law. Ninety
one percent of all taxpayers use the standard deduction, so
ninety one percent of Americans benefit from that piece alone.
Then you get into no tax on tips in overtime.
So you're familiar with this, but what does that actually
mean to you? Well, for the average person who earns
(03:55):
tips or overtime during the year, the burden will be
seventeen hundred and fifty dollars.
Speaker 1 (04:02):
Less annually, a lot of money.
Speaker 2 (04:05):
Child tax credit increase, so the child tax credit would
be permanently set at two thousand dollars per child, but
there would also be an increase to twenty five hundred
dollars through twenty twenty eight. So that's another straight five
hundred bucks in the pocket of families that can per
child that can take advantage of it. That is a
benefit to over forty million families. Then the tax break
(04:27):
for seniors, so it raises the standard deduction for seniors
to six thousand dollars. This equates in the senior sixty
five and older, I should specify it equates to an
additional tax cut that will average just over one thousand
dollars annually. Per person, So if you're married, finally, jointly,
you're talking about just over two thousand per year just
(04:50):
on that one piece alone. There's also a new auto
loan interest deduction, so if you have a car loan,
you would be able to to write off the deduct
the interest you pay on it. The average savings and
federal income taxes four hundred and seventy five dollars a year,
right there. So not only am I pretty sure the
(05:11):
average person is not interested in paying about thirty nine
hundred and eight dollars more per year average household to
allow President Trump's original tax cuts to expire. Also willing
to bet that even your average Democrat voter, if they're
having an honest moment, would not want to pay an
additional twenty nine hundred dollars per year in federal income
(05:35):
taxes to pass up President Trump's One Big, Beautiful Bill Act.
And why twenty nine hundred Because if you add up
all the factors I just broke out for you and
estimated eighty four percent of households with the additional tax
cuts beyond the current policy, averaging savings of twenty nine
hundred dollars per year. So to summarize it, The average
(05:58):
household has six thousand and eight hundred and eight dollars
annually at stake this week, based on whether President Trump's
BBB is signed until or not. So what do you think, Joe,
you want a tax increase of over thirty nine hundred
annually or a tax cut an additional tax cut a
(06:19):
twenty nine hundred a year.
Speaker 4 (06:20):
I think I need to vote rama music, But I
don't have any handy here.
Speaker 2 (06:23):
They probably would appreciate it at this point. They probably
would like music.
Speaker 4 (06:28):
Theyk pick one anything.
Speaker 1 (06:29):
Yeah, maybe naps. That's all they have gotten actually for
days now.
Speaker 4 (06:34):
I'll take the savings, I will take the Trump agenda
that goes with all of it, and I will take
the Democrats not having an easy way of taking over
control next year.
Speaker 2 (06:47):
By the way, by the way, he did just remind
me of something that should have grounded grabbed the sound
by a one point. Yesterday John Fetterman walked out of
the chamber and you had a reporter that grabbed him
and was about it.
Speaker 1 (07:01):
He said, I just want to go home.
Speaker 2 (07:04):
Push eyes, whether it's in a primary or general election.
The next time he's up, if he decides he's running.
Somebody will use that against him or they should. I
just want to go home, help John Fetterman, go home.
Vote for me, sure,
Have a question or topic you want to have addressed.
Just ask. This is the Brian mud Show Today's Q
and A.
Speaker 2 (00:13):
What President Trump's One Big Beautiful Bill Act memes to you?
This brought to you by Melissa and Ashes check Mark
Collections every day feature listener questions sent by one of
these methods. You may email me Brian Mud at iHeartMedia
dot com, hit me up on Social acts Brian Mud Radio.
You may also use the iHeartRadio talk back feature. We
would love it if you would inside the app. And
(00:35):
by the way, this could be in your car right
there in iHeart, it could be in your phone. Make
us your number one preset than the Brian Mudshow podcast
your number two preset. That way, We're always there for you,
for for you on demand. You also see a little
microphone button. You see it, you tap it. You may
lay down a message right there, maybe for a future
Q and A Today's note this, Brian, I found it
hard to find good information for what the current version
(00:57):
of the BBB would actually mean to me, the average American.
I get it that the drum tax cuts would be
permanent in the new tax on tips and overtime, but
that's about it. Please address this as I think it
would influence a lot of people if they understood it better.
Thanks and so yes, Senator Roger Marshall.
Speaker 3 (01:15):
On that note, we cannot blow this chance. This is
the President's legacy, his agenda. If you supported President Trump,
you should have support this bill. This will be the
largest tax decrease in American history. We're going to secure
the border, a whole lot of other good things, but
mostly this is the beginning of America's great Golden era.
Speaker 2 (01:34):
So in the off chance that you have not read
the nine hundred and forty page bill.
Speaker 4 (01:40):
I got to page eight twenty and I just pooped out.
I was like, that's it. Eight twenty Yeah, took me
all night.
Speaker 2 (01:50):
Well, well, I mean, if you're going to get to
one one and twenty and now you quit, I'll be
a questence.
Speaker 4 (01:58):
It's like another one hundred and twenty pages.
Speaker 2 (02:00):
It's like the Voterama you got to pick up the
next day and keep going. So anyway, yeah, good chance
that had this thing not been read aloud in the Senate,
that none of the senators would have read all nine
hundred and forty pages either. But I have spent a
great deal of time with this thing analyzing it. We
also have a lot of outstanding organizations that have provided
analysis as well, like the Tax Foundation, and so I
(02:23):
can give you some pretty good guidance here on exactly
what this means to you. And I talked about this
quite a bit in my takeaways, but I want to
drill down these specifics to answer your question here. And
the first piece, the most extensive piece, is the permanent
extension of twenty seventeen's Tax Cuts and Jobs Act, the
(02:43):
original Trump tax policy. Here's the big thing in terms
of what it means to you. For the average American,
the average tax filer, your taxes would rise by twenty
two percent.
Speaker 1 (03:00):
If this doesn't pass.
Speaker 2 (03:02):
And if the tax policy expires, just nothing happens here
because it will expire otherwise. And so that equals savings
of thirty nine hundred and eight dollars per year or
a tax increase of three thousand, nine hundred and eight
if it goes away. Then you talk about the increase
in standard deduction. It raises the standard deduction to sixteen
(03:24):
thousand for individuals and thirty two thousand for married couples
filing jointly starting in twenty twenty six.
Speaker 1 (03:31):
That is one.
Speaker 2 (03:32):
Thousand dollars higher per person than the current law. Ninety
one percent of all taxpayers use the standard deduction, so
ninety one percent of Americans benefit from that piece alone.
Then you get into no tax on tips in overtime.
So you're familiar with this, but what does that actually
mean to you? Well, for the average person who earns
(03:55):
tips or overtime during the year, the burden will be
seventeen hundred and fifty dollars.
Speaker 1 (04:02):
Less annually, a lot of money.
Speaker 2 (04:05):
Child tax credit increase, so the child tax credit would
be permanently set at two thousand dollars per child, but
there would also be an increase to twenty five hundred
dollars through twenty twenty eight. So that's another straight five
hundred bucks in the pocket of families that can per
child that can take advantage of it. That is a
benefit to over forty million families. Then the tax break
(04:27):
for seniors, so it raises the standard deduction for seniors
to six thousand dollars. This equates in the senior sixty
five and older, I should specify it equates to an
additional tax cut that will average just over one thousand
dollars annually. Per person, So if you're married, finally, jointly,
you're talking about just over two thousand per year just
(04:50):
on that one piece alone. There's also a new auto
loan interest deduction, so if you have a car loan,
you would be able to to write off the deduct
the interest you pay on it. The average savings and
federal income taxes four hundred and seventy five dollars a year,
right there. So not only am I pretty sure the
(05:11):
average person is not interested in paying about thirty nine
hundred and eight dollars more per year average household to
allow President Trump's original tax cuts to expire. Also willing
to bet that even your average Democrat voter, if they're
having an honest moment, would not want to pay an
additional twenty nine hundred dollars per year in federal income
(05:35):
taxes to pass up President Trump's One Big, Beautiful Bill Act.
And why twenty nine hundred Because if you add up
all the factors I just broke out for you and
estimated eighty four percent of households with the additional tax
cuts beyond the current policy, averaging savings of twenty nine
hundred dollars per year. So to summarize it, The average
(05:58):
household has six thousand and eight hundred and eight dollars
annually at stake this week, based on whether President Trump's
BBB is signed until or not. So what do you think, Joe,
you want a tax increase of over thirty nine hundred
annually or a tax cut an additional tax cut a
(06:19):
twenty nine hundred a year.
Speaker 4 (06:20):
I think I need to vote rama music, But I
don't have any handy here.
Speaker 2 (06:23):
They probably would appreciate it at this point. They probably
would like music.
Speaker 4 (06:28):
Theyk pick one anything.
Speaker 1 (06:29):
Yeah, maybe naps. That's all they have gotten actually for
days now.
Speaker 4 (06:34):
I'll take the savings, I will take the Trump agenda
that goes with all of it, and I will take
the Democrats not having an easy way of taking over
control next year.
Speaker 2 (06:47):
By the way, by the way, he did just remind
me of something that should have grounded grabbed the sound
by a one point. Yesterday John Fetterman walked out of
the chamber and you had a reporter that grabbed him
and was about it.
Speaker 1 (07:01):
He said, I just want to go home.
Speaker 2 (07:04):
Push eyes, whether it's in a primary or general election.
The next time he's up, if he decides he's running.
Somebody will use that against him or they should. I
just want to go home, help John Fetterman, go home.
Vote for me, sure,
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