Big Beautiful Bill Breaks Records, brings Tax Cuts, builds Border Wall & provides Energy Independence

The Ben Ferguson Podcast

iHeartPodcasts

Politics, News, News Commentary

4.9 • 4.7K Ratings

🗓️ 2 July 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

🏛️ Legislative Context

The bill passed the Senate after a 27-hour amendment vote-a-rama, the longest in history.
Vice President JD Vance cast the tie-breaking vote.
The bill now returns to the House, where it faces some opposition from moderates and fiscal conservatives.
President Trump is pushing for a July 4th signing, applying pressure on lawmakers to finalize it.

📜 Key Provisions of the Bill

Historic Tax Cuts:
- Largest tax cut in U.S. history for middle and working-class Americans.
- No tax on tips, overtime, Social Security, or "Made in America" auto loans.
- Permanent increase to the child tax credit.
- Protection for 2 million family farms from double taxation.
Spending and Fiscal Reform:
- Cuts federal spending and slashes the deficit by $2 trillion.
- Eliminates waste, fraud, and abuse in federal programs.
- Rescinds funding from green energy initiatives labeled as scams.
Border and Immigration Policy:
- Funds Phase Two of the border wall.
- Deports at least 1 million undocumented immigrants annually.
- Shifts immigration adjudication costs to immigrants.
- Adds thousands of new ICE, Customs, and Border Patrol agents.
- Invests $150 billion in border security.
National Security and Defense:
- Funds the Golden Dome Missile Defense System.
- Largest Coast Guard upgrade since WWII.
- Modernizes the military and boosts readiness.
- Ends restrictions on American energy production, promoting oil, gas, and nuclear power.

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Transcript

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0:00.0	This is an IHeart podcast.
0:04.8	This is air-conditioned facility, so if any of the news claims are keeping them out in the hot human South Florida, that is wrong. It's probably 62 degrees.
0:12.4	To be honest. Hey, Biden wanted me in here. He wanted me. It didn't work out that way, but he wanted me in.
0:20.3	You're listening to the 47 morning update with Ben Ferguson.
0:24.2	Good Wednesday morning. So nice to have you with us on the 47 morning update.
0:28.7	And we have big news. The Senate has passed Donald Trump's big, beautiful bill.
0:34.8	It is now one step closer to going to the president's desk for a signature and still
0:41.3	online for a July 4th signing. So what made it into the bill that is now headed back to the House
0:49.2	from the Senate? I break it all down for you. But first, right now, all of us, our help is needed with the people that are under attack in Israel.
0:59.3	We know that Israel is at war with Iran, a nation that has vowed to wipe Israel and even the United States of America off the map.
1:07.2	In a necessary act of self-defense, Israel struck Iranian nuclear facilities, military targets,
1:13.7	and their top leadership. And right now, the International Fellowship of Christians and Jews
1:18.6	is on the ground, preparing large-scale distributions of life-saving food, first aid, and emergency
1:25.0	kits, especially to Israel's most vulnerable people, the sick, the elderly,
1:30.5	children and families that are in great need. The fellowship is also making sure that hospitals,
1:36.6	emergency rooms and shelters are fully stocked with critical and life-saving medical supplies.
1:42.0	But the fellowship needs your most generous gift today to make this work possible.
1:48.3	If you want to stand with the people in Israel and you want to bless them and support them as they are under attack,
1:55.3	now is your time to stand with those that are the most vulnerable in Israel.
2:01.1	You can call them and give your donation right now
2:04.4	to have an impact virtually instantly on what's going on.
2:09.2	888-48-I-F-C-J.
	...

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