My other concern is, yes, this significantly adds to the deficit. But on the plus side,

this is one of the few bills, tax cut bills, that actually tries to offset itself with some

amount of spending cuts. You know, the fact that Trump originally asked everybody to put this

in one big, beautiful bill, the spending cuts, the changes, the tax cuts, does have this

weird circumstance. We're actually trying to

cut spending the same time we cut taxes, which is somewhat a relief even if it comes nowhere

close to meeting the actual spinning reductions that would be needed. Welcome back to the City Journal podcast.

I'm your host, Charles Van Lehman, senior editor of City Journal.

Joining me on the panel today are Nishu Arnold, Judge Glock, and Carolyn Gorman, all in various roles of Manhattan Institute, City Journal, and the rest.

Welcome everybody to this shortly before the Independence Day weekend episode of the Digital Podcast.

Thanks for everyone.

I want to take us right into the news of the week, which is that Congress is racing to complete passage of the One Big Beautiful

Bill Act, or as I refer to it, T-O-B-B-B-A.

It passed the Senate, and now it's back in the House, and it's going to make through

the House, and it's funny about Thomas Massey, whether he's going to move ahead on it.

But I want to get people's read on where we are, noting that the final bill may be different.

It seems like the Senate stripped a number of the – just a number of provisions out of the House's version.

We'll see if they survived through the Senate.

Judge, I feel like you've been watching this debate a little bit.

Do you – can you be able to give us a sense of what's going on right now?

Yeah, it's in a strange spot and that everyone agrees something has to get across the finish line.

And nobody wants to see a circumstance similar to Trump's first year in his first term,

...