Senator Brian Schatz on GOP Chaos & Trump Disasters

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The MeidasTouch Podcast 15 min 5 speakers 8 chapters transcribed 2 days ago
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Why is MAGA Speaker Mike Johnson’s budget bill considered disastrous by Democrats?

Ben Meiselas 0:00
Not a very good day for MAGA Mike Johnson. But then again, how can you have a good day when you sell your soul to Donald Trump the way he did? The disastrous budget bill is facing some major alterations in the Senate right now. And then MAGA Republicans in the House seem to be indicating on Fox that they're not going to be supporting what's in the current form in the Senate. Maria Bartiromo announced some of the changes with what the Senate Finance Committee is unveiling, and she made it very clear that there will be steeper Medicaid cuts than what the House called for, although Donald Trump and Magna Mike Johnson claim that the bill doesn't cut Medicaid. But here's what they're saying on Fox. Let's play it.
Kevin Hassett 0:44
Congressman, let me move on to the big, beautiful bill and the Senate Finance Committee unveiling the text of President Trump's bill yesterday. It includes major tax reforms and even steeper Medicaid cuts than the House called for. Other differences include an increase in the child tax credit and a lower cap on the state and local tax deduction back down to $10,000 after the House voted to lift it to the $40,000 cap.
Ben Meiselas 1:09
Then you had MAGA Republican Senator Ron Johnson. Here's what he had to say. Let's play it.
Ron Johnson 1:15
Maybe, just maybe, and I don't even want to contemplate this, but just maybe we ought to try and pay for it. Maybe we shouldn't keep cutting taxes. Maybe we've got to increase taxes on everybody. I think it's a stupid thing to do. I would just vote to extend current tax law, but if we're not really willing to address spending and the projected now, with the OBBB, that one big beautiful bill, projected $24 trillion in additional deficit spending over the next 10 years, something's got to give and again i'd rather control it i'd rather have it managed as opposed to a acute debt crisis we've been living in a chronic debt crisis
Ben Meiselas 1:52
Twenty four trillion dollars. And notice how since it got from the House to the Senate, it was like two trillion, 10 trillion, 15 trillion, 24 trillion. I think it could be 50 trillion dollars added to the deficit when all is said and done. I think the American people are getting it here. Even Harry Enten on CNN is jumping up and down to talk about how disastrous this bill is from a polling perspective. Here, play this clip.

How do Senate Finance Committee changes affect Medicaid and tax policy?

Craig Spencer 2:18
Where is support for this mega bill?
Mike Grella 2:22
You know, I'm really, really surprised when I look at polling data. I look at it every day. But the amount of disapproval for this bill, holy cow, my goodness gracious. And, you know, you mentioned the KFF poll. We're talking about 29 points underwater on the net favorable rating. Matches the Quinnipiac University poll from last week when it was 26 points underwater. Oh, my God. You need Greg Louganis to get that far underwater. And I mean, we're talking about a negative 41 net favorability rating among independents in the center of the electorate. You rarely ever see pieces of legislation or proposed pieces of legislation as
Ben Meiselas 2:56
unpopular as this. Greg Louganis reference right there. And finally, here's what we're hearing in the House. MAGA Republican Congress member Representative Davidson. saying he ain't supporting what he's seeing in the Senate. Here, play this clip.
Warren Davidson 3:07
I mean, even the most optimistic pro-growth tax models, not CBO, not even Wharton, which is normally a decent model, everyone says that this increases deficits in this Congress and in this presidency. So even if you say, yeah, we're going to take into account high growth in tariffs, it still hurts deficits now. And it's because you take forever to turn off the Green New Deal, or don't ever in some cases, and you give these gifts to blue states and a couple other quirks like that. I think the Senate's moving in the right direction, so I hope everyone can get on board with the final product.
Kevin Hassett 3:42
Right. I understand, Congressman, but are you willing to take this so far as to blow up the president's agenda? What is your problem with this bill? Is it debt and deficits? Are you going to vote yes on it?

What do polls reveal about public support for the mega‑budget bill?

Warren Davidson 3:55
Well, I didn't vote on it the last time.

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