Tim Pierce

Thanks for having me.

Thanks for having me.

Well, the big piece here is the permanent extension to Trump's 2017 Tax Cuts and Jobs Act. On top of that, Republicans want to make good on Trump's campaign promises, such as no tax on tips and boosting funding for the military and immigration enforcement. Here's House Speaker Mike Johnson on Newsmax yesterday.

Well, the big piece here is the permanent extension to Trump's 2017 Tax Cuts and Jobs Act. On top of that, Republicans want to make good on Trump's campaign promises, such as no tax on tips and boosting funding for the military and immigration enforcement. Here's House Speaker Mike Johnson on Newsmax yesterday.

Here's a few of the pieces agreed to so far. There are new exemptions for tips and overtime pay for those who earn less than $160,000 a year. The government will pay $1,000 to parents for babies born through December 31st of 2028. It also raises the state and local income tax deduction from $10,000 up to $30,000. Of course, to get all this and more, the GOP must find funding offsets.

Here's a few of the pieces agreed to so far. There are new exemptions for tips and overtime pay for those who earn less than $160,000 a year. The government will pay $1,000 to parents for babies born through December 31st of 2028. It also raises the state and local income tax deduction from $10,000 up to $30,000. Of course, to get all this and more, the GOP must find funding offsets.

And that's where the negotiations really get heated.

And that's where the negotiations really get heated.

There are some tax credits being closed. For example, the bill limits itemized deductions for the 37% top bracket, essentially a tax increase on many big earners. And some Inflation Reduction Act tax credits for electric vehicles and green energy will also be scrapped, though not completely until 2029. And then there is Medicaid.

There are some tax credits being closed. For example, the bill limits itemized deductions for the 37% top bracket, essentially a tax increase on many big earners. And some Inflation Reduction Act tax credits for electric vehicles and green energy will also be scrapped, though not completely until 2029. And then there is Medicaid.

Part of the bill would put in place work requirements for able-bodied people. And other safeguards will also be added. But those reforms could run into trouble in the Senate. Here's Republican Senator Josh Hawley already attacking it.

Part of the bill would put in place work requirements for able-bodied people. And other safeguards will also be added. But those reforms could run into trouble in the Senate. Here's Republican Senator Josh Hawley already attacking it.

And here's Congressman Buddy Carter defending it.

And here's Congressman Buddy Carter defending it.

some huge deals with some of the Gulf states. Yesterday, the White House announced an agreement that it said will generate an economic exchange worth $1.2 trillion with Qatar. As part of that deal, Qatar Airways says it plans to buy as many as 210 Boeing planes, and the U.S. has agreed to deeper military cooperation with Qatar.

some huge deals with some of the Gulf states. Yesterday, the White House announced an agreement that it said will generate an economic exchange worth $1.2 trillion with Qatar. As part of that deal, Qatar Airways says it plans to buy as many as 210 Boeing planes, and the U.S. has agreed to deeper military cooperation with Qatar.

And before that, as we reported, the president struck deals with Saudi Arabia. The White House said those are worth about $600 billion.

And before that, as we reported, the president struck deals with Saudi Arabia. The White House said those are worth about $600 billion.

Hey, good morning, guys. So on Sunday, ABC News reported that the Qatari royal family was planning to give Trump a $400 million super luxury Boeing 747-8 jumbo jet. It's been described as a floating palace. The plane would reportedly be available for Trump to use in lieu of Air Force One by the end of his term. And then, according to some initial reports, transferred to his presidential library.

Hey, good morning, guys. So on Sunday, ABC News reported that the Qatari royal family was planning to give Trump a $400 million super luxury Boeing 747-8 jumbo jet. It's been described as a floating palace. The plane would reportedly be available for Trump to use in lieu of Air Force One by the end of his term. And then, according to some initial reports, transferred to his presidential library.