Chris Johnson - President, American Energy Leadership Institute Joins Houston's Morning News

Episode Transcript

Speaker 1 (00:00):
News Radio seven forty k t RH. Chris Johnson, President
American of the American Energy Leadership Institute. Chris, thanks for
joining us here this morning on KTRH Chris Crocken for Jimmy.

Speaker 2 (00:11):
Barrett The Chris Show Today. That's great.

Speaker 1 (00:15):
I'm telling you, Hey, yeah, that's exactly right. Hey, the
Big Beautiful Bill? Is it in jeopardy? Now? Are some
of the senators legislators maybe backing down because they're mad
about the Iranian strikes? I know there's very small margins
many times in these things. Is there less support for
the bill? Tell me about what the latest is on

(00:35):
the Big Beautiful Bill.

Speaker 2 (00:37):
I think we've got two different lanes here, thankfully, because
the overlap of the folks that are frustrated with how
the Rani and strike went down and the folks that
are intransigent on the one Big Beautiful Bill Act are
basically the same folks. The you of the Thomas Massey's
in the world, the Rampauls that are already expressing their
frustrations with the bill, and they're also frustrated that they

(00:57):
were left out of the decision to strike you know,
Ron on their nuclear sites. So ultimately this continues going forward,
negotiating with the same folks that were really worried about
some of the little details of energy credits or you know,
spending on certain priorities, snap medicaid, tannaf Those debates are
happening within the coalition that wants to get this done,

(01:20):
wants to move this forward, and is not looking to
start a new fight due to foreign policy. So I
think we continue to see momentum for the One Big
Bootles Bill Act, continue to move forward, get some of
the stuff figured out, ironed out, and ultimately, hopefully what's
going on in the Middle East doesn't doesn't create an
issue there, and I don't.

Speaker 1 (01:40):
Think it will, okay, And this the idea of this
getting passed by the fourth of July is a pipe tune.

Speaker 2 (01:47):
Now you think it's gonna be kit I've long said
that Tigris ultimately without a significant backstop, you know, something
like the debt ceiling or a government shutdown, likely doesn't
act on a specific timeline. And so this symbolic timeline
that is July fourth, while well intended, and of course

(02:07):
President Trump wants to get this done and he has
significant sway within Congress, Tigress is Congress. They don't act
unless they absolutely have to, and so they're going to
decide to fight over this as long as they need to.
The bigger fights are going to be, like I said
on the energy credit and the salt cap, those are
going to be the big fights, and that could see

(02:27):
us having a more drawn out battle until we have
to raise the debt limit again. That's and that's you know,
much further down the line. So I could see this
going a little bit longer, hopefully not too much. But
I think while July fourth is a locky goal, it's
going to be tough, whether the Iran strike or anything
else that's going on in the world happens or not.

Speaker 1 (02:49):
Chris Johnson, President American Energy Leadership Institute, I want to
ask you a little bit more about something else. The
first of all, there's been support supposedly some things slim
down from the big beautiful bill removed or whatnot, or
that will be removed. That's one thing I wanted to
ask about. And then also there's some cuts, tax cuts,

(03:12):
tax on tips and overtime no tax on tips, but
big lump sums of money for border security defense. What
are the good things in here? Because there's so many
bad things that most of us think.

Speaker 2 (03:25):
The good things are obviously extending the tax cuts from
twenty seventeen. I mean, this could be a you know,
massive tax increase if we don't get something done that
extends these tax cuts that had an eight year sunset.
And so that's the biggest thing is keeping tax as
well for everyday Americans, working Americans. The no tax on tips,
the no tax on a lot of other carve outs.

(03:48):
Those are good too. There is some in the Senate
version on the energy side of things. It's also good too,
because you know, the House version got rid of all
the tax credits are going solar and wind and the
kind of stuff that really just does not help us
build energy dominance. But in the Senate bill, they got
real creative and started using what's called transferability, so the
abilities it takes some of these tax treads from solar,

(04:10):
wind and apply them to real sources of energy, so nuclear, geothermal,
the kinds of stuff that creates baseload. So as we're
seeing this heat wave that's happening across the United States today,
we're going to have the baseload power, the nuclear and
geothermal power to provide us with air conditioning, keep the
lights on, keep us from brownouts and blackouts that we've
seen across the country over the past few years. That's

(04:32):
the big stuff that's in the Senate version that could
be really really good to continue to build that energy
dominant agenda. And I hope they keep those things in there.

Speaker 1 (04:41):
I know we don't have time to keep going. I
just want to say this, the subsidies on the salt
is basically worth paying for. In Texas, some liberal state
and their higher taxes and their tax increases, and that
obviously enrages a lot of us on that. Yeah, Chris,
I appreciate you joining us this morning on kt H.
Appreciate it very much. Seventh, thank you brother,