Thomas

Yes and no. I mean, I knew the bill might be in trouble, but that there was enough votes to actually kill it in committee surprised me. They're going to have to redo it and bring it back up, and no doubt working this weekend to try to get rid of some of the warts. It's a big, beautiful bill.

There's a lot of beautiful stuff in it, Charlie, but it's got a few warts and unsightly blemishes on the face of that beautiful bill.

There's a lot of beautiful stuff in it, Charlie, but it's got a few warts and unsightly blemishes on the face of that beautiful bill.

Yeah, I think that's fair to say. And then and then most of that spending reductions, Charlie, are taking place in the last two years of that 10 year cycle. And as our experience tells us, they're just not going to they're not going to realize them. Yeah, they're not going to get those those cuts.

Yeah, I think that's fair to say. And then and then most of that spending reductions, Charlie, are taking place in the last two years of that 10 year cycle. And as our experience tells us, they're just not going to they're not going to realize them. Yeah, they're not going to get those those cuts.

The framework was largely there, but they changed the details. So the way to think of it is you put a work requirement on able-bodied adults who are receiving benefits, right? none of that kicks in until after President Trump's out of office. And that's a $360 billion savings over 10 years, but it needs to be spread out over the whole 10 years.

The framework was largely there, but they changed the details. So the way to think of it is you put a work requirement on able-bodied adults who are receiving benefits, right? none of that kicks in until after President Trump's out of office. And that's a $360 billion savings over 10 years, but it needs to be spread out over the whole 10 years.

And because, as you know, after President Trump's out of office, a new president or a new Congress could come in and just wipe that out and kill that savings.

And because, as you know, after President Trump's out of office, a new president or a new Congress could come in and just wipe that out and kill that savings.

No, that's good.

No, that's good.

Absolutely.

Absolutely.

I'm with you all the way. And we get back to, does it have to be a big, beautiful bill? The tax package that's in there is pretty good, right? Because it continues all the extension, it extends everything from the Tax Good Jobs Act. But it also gives you the no tax on tips, no tax on seniors, no tax on overtime, those types of things. I can't remember if there's a fourth one in there.

I'm with you all the way. And we get back to, does it have to be a big, beautiful bill? The tax package that's in there is pretty good, right? Because it continues all the extension, it extends everything from the Tax Good Jobs Act. But it also gives you the no tax on tips, no tax on seniors, no tax on overtime, those types of things. I can't remember if there's a fourth one in there.

How about if you just did that bill first? What would it look like if you did that?

How about if you just did that bill first? What would it look like if you did that?

Well, you know, there was so many ways to do it. The president wanted a big, beautiful bill. And that's fine.

Well, you know, there was so many ways to do it. The president wanted a big, beautiful bill. And that's fine.

Yeah, and I told him, I said, I actually support a big, beautiful bill if we use the leverage right to get everybody on. I mean, so you have the salt states, right? I mean, you've got a group of people there. This is a huge thing. Yeah, this is the state and local tax. And they want other Americans to subsidize their high property taxes.