4.4 • 15.6K Ratings
🗓️ 17 June 2025
⏱️ 55 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | blue-collar wage growth? Blue-collar wage growth. The only other time it's been this high, |
0:06.7 | wait for it, was during President Trump's first term. So we've seen real wages for hourly workers, |
0:14.9 | non-supervisory workers, rise almost 2% in the first five months. Why is that? No president has done that before. |
0:22.6 | And why is that? |
0:24.6 | It's a president's emphasis on manufacturing. |
0:27.6 | I think there's also likely a component of, |
0:32.6 | whether it's 12 or 20 million illegal aliens coming out of the workforce. |
0:39.5 | And Joe Biden opened the border and it was flooded. |
0:45.2 | And that for working Americans, that's a disaster because it's pressure on their wages. |
0:52.5 | What exactly is different about the bill now, Ryan? |
0:56.2 | Well, keep in mind, Anna, that the House Speaker Mike Johnson has warned his Senate colleagues |
0:59.6 | not to change this bill too much because it was such a hard-fought victory for him in the House |
1:04.4 | of Representatives that any significant changes could mean that when it comes back to the House, |
1:08.8 | it might not make it through. And I would say that |
1:11.0 | these changes are not overwhelming, but they are significant. And you pointed out a couple of the |
1:16.0 | big differences. The first being the difference between the state and local tax deduction on the |
1:21.2 | House side versus the Senate side. It was a hard-fought victory for those blue state members of the |
1:26.6 | House to get that $40,000 limit. |
1:29.1 | Republicans in the Senate don't have that same concern. |
1:31.4 | There aren't any blue-state Republicans in the Senate, so they were fine with reducing that to $10,000. |
1:36.7 | That could be a real problem when the bill comes back to the House. |
1:39.6 | On the Medicaid side, the House planned to freeze provider taxes at the current level. On the Senate side, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from WarRoom.org, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of WarRoom.org and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.