Jack
👤 PersonAppearances Over Time
Podcast Appearances
And this is called the One Big Beautiful Bill Act. And it includes all the policies that Trump campaigned on. If this 1,000-page bill passes the Senate and becomes law... it will add $4 trillion to America's debt. Now, we should point out, Eddie, $4 trillion could buy you every publicly traded company in Germany. I think you could buy every publicly traded company in Germany and France.
And this is called the One Big Beautiful Bill Act. And it includes all the policies that Trump campaigned on. If this 1,000-page bill passes the Senate and becomes law... it will add $4 trillion to America's debt. Now, we should point out, Eddie, $4 trillion could buy you every publicly traded company in Germany. I think you could buy every publicly traded company in Germany and France.
Also, with $4 trillion, you could make 8 million Avengers movies. That is insane. There are literally not enough plot lines for that. Hey, yetis, for $4 trillion, we should point out, you could buy every public company in Germany.
Also, with $4 trillion, you could make 8 million Avengers movies. That is insane. There are literally not enough plot lines for that. Hey, yetis, for $4 trillion, we should point out, you could buy every public company in Germany.
Also, with $4 trillion, you could make 8 million Avengers movies. That is insane. There are literally not enough plot lines for that. Hey, yetis, for $4 trillion, we should point out, you could buy every public company in Germany.
Yeah. For $4 trillion, you could make 11,000 more Avengers movies. Superman would be exhausted, but you could make 11,000 of those movies for this kind of money. So what are we actually going to spend $4 trillion on with this bill? Well, Jack, I got the receipts right here. First, we are spending more on the military and border security by a combined $200 billion with a B dollars.
Yeah. For $4 trillion, you could make 11,000 more Avengers movies. Superman would be exhausted, but you could make 11,000 of those movies for this kind of money. So what are we actually going to spend $4 trillion on with this bill? Well, Jack, I got the receipts right here. First, we are spending more on the military and border security by a combined $200 billion with a B dollars.
Yeah. For $4 trillion, you could make 11,000 more Avengers movies. Superman would be exhausted, but you could make 11,000 of those movies for this kind of money. So what are we actually going to spend $4 trillion on with this bill? Well, Jack, I got the receipts right here. First, we are spending more on the military and border security by a combined $200 billion with a B dollars.
We would also increase the state and local taxes deduction from $10,000 to $40,000, which would be big for people who live in high-tax states. And there's the most viral part about this bill, which is the end of the tax on tips. This bill also would end taxes on overtime income, and end taxes on car loan interest payments, although all those will end in 2028.
We would also increase the state and local taxes deduction from $10,000 to $40,000, which would be big for people who live in high-tax states. And there's the most viral part about this bill, which is the end of the tax on tips. This bill also would end taxes on overtime income, and end taxes on car loan interest payments, although all those will end in 2028.
We would also increase the state and local taxes deduction from $10,000 to $40,000, which would be big for people who live in high-tax states. And there's the most viral part about this bill, which is the end of the tax on tips. This bill also would end taxes on overtime income, and end taxes on car loan interest payments, although all those will end in 2028.
But the big one is that this bill extends Trump's 2017 tax cuts, which were due to expire this year. Now, the extension of Trump's 2017 tax cuts, which benefited corporations and wealthy people the most, cost more than the rest of the bill combined. This is the huge line item. So the total cost of the big, beautiful bill is $5 trillion,
But the big one is that this bill extends Trump's 2017 tax cuts, which were due to expire this year. Now, the extension of Trump's 2017 tax cuts, which benefited corporations and wealthy people the most, cost more than the rest of the bill combined. This is the huge line item. So the total cost of the big, beautiful bill is $5 trillion,
But the big one is that this bill extends Trump's 2017 tax cuts, which were due to expire this year. Now, the extension of Trump's 2017 tax cuts, which benefited corporations and wealthy people the most, cost more than the rest of the bill combined. This is the huge line item. So the total cost of the big, beautiful bill is $5 trillion,
but it's offset by $1 trillion in savings, which means add it all up, carry the one out of the three. This is a $4 trillion bill. Some of the savings are the repeals of clean energy policies passed during the Biden administration. And it's also going to require states to create work requirements for low-income people to receive Medicaid. But overall...
but it's offset by $1 trillion in savings, which means add it all up, carry the one out of the three. This is a $4 trillion bill. Some of the savings are the repeals of clean energy policies passed during the Biden administration. And it's also going to require states to create work requirements for low-income people to receive Medicaid. But overall...
but it's offset by $1 trillion in savings, which means add it all up, carry the one out of the three. This is a $4 trillion bill. Some of the savings are the repeals of clean energy policies passed during the Biden administration. And it's also going to require states to create work requirements for low-income people to receive Medicaid. But overall...
This is a wholesale Trumpification of the U.S. economy. But Jack, before we go, let's go back to that $4 trillion price tag for a second. How many zeros is that? It's a bunch of Avengers movies worth of zeros, Jack. So Jack, what's the takeaway for our buddies who are everyone in the American economy? This summer, we're going to have big debt energy.
This is a wholesale Trumpification of the U.S. economy. But Jack, before we go, let's go back to that $4 trillion price tag for a second. How many zeros is that? It's a bunch of Avengers movies worth of zeros, Jack. So Jack, what's the takeaway for our buddies who are everyone in the American economy? This summer, we're going to have big debt energy.
This is a wholesale Trumpification of the U.S. economy. But Jack, before we go, let's go back to that $4 trillion price tag for a second. How many zeros is that? It's a bunch of Avengers movies worth of zeros, Jack. So Jack, what's the takeaway for our buddies who are everyone in the American economy? This summer, we're going to have big debt energy.