Congress Must Make Trump’s 2017 Tax Cuts Permanent
The Rich Zeoli Show
Audacy
4.9 • 1.6K Ratings
🗓️ 7 April 2025
⏱️ 43 minutes
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| 0:00.0 | The Rich Zioly Show podcast is sponsored by Mike Vaneria Jr. |
| 0:03.6 | With Osperity Private Wealth. |
| 0:05.4 | Hi, I'm Mike Vaneria Jr., wealth management specialists. |
| 0:08.2 | Make your retirement dreams a reality by creating your retirement plan today. |
| 0:11.7 | Call me at 856-252-0107. |
| 0:15.9 | Phil Kerpin joins me now. |
| 0:17.1 | He's President of American Commitment. |
| 0:19.0 | You should follow him on X at Kerpin k-e-r-p-en his |
| 0:24.1 | latest piece over there is canceled the tax hike immediately and permanently hello phil |
| 0:30.8 | kirpin how you doing on this monday how's the swamp yeah well it wasn't quite the black monday |
| 0:36.2 | it was cracked up to be, so that was nice. |
| 0:38.8 | You know, we got, it went really underreported, but we had major progress on the tax front |
| 0:44.4 | over the weekend, Friday night slash Saturday morning, about 2.30 a.m. The Senate passed an |
| 0:49.9 | amendment to the House budget, which not only included all of the tax cut extensions that were |
| 0:56.3 | in the House budget, but actually made the change that we've been asking for, which is |
| 0:59.6 | changing from a temporary to a permanent extension by using what's called the current policy |
| 1:04.2 | baseline. That is to say, instead of assuming that all the tax hikes expire at the end of |
| 1:08.6 | this year and it'll cost money to extend them, they said, let's assume that tax is staying the same as the default. |
| 1:14.2 | And if we allow that tax hike to take place, that actually is an increase in taxes. |
| 1:19.0 | And that makes a big difference in terms of the rules and the scoring. |
| 1:22.3 | And basically, it means they can make it permanent with 50 votes instead of needing 60. |
| 1:26.1 | And so that was a key improvement |
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