4.4 • 15.6K Ratings
🗓️ 2 July 2025
⏱️ 53 minutes
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0:00.0 | Bill cuts Medicaid by $930 billion and another $285 billion in food assistance. |
0:07.0 | But SNAP is slashed. |
0:09.0 | It provides some $350 billion for President Trump's border and national security agenda |
0:15.0 | and would increase the nation's debt limit by $5 trillion. |
0:19.0 | A number of other provisions that reflect Republican priorities also are included here. |
0:23.4 | Analysis by the Congressional Budget Office found the tax cuts would give the wealthiest households a $12,000 annual increase, |
0:32.2 | but would cost the poorest people $1,600 a year, $1,600 a year. The CBO also estimates 11.8 million more |
0:42.5 | Americans would be uninsured by 2034 if the bill becomes law and that 3 million more will not |
0:50.3 | qualify for food stamps, also known as those SNAP benefits. |
0:54.8 | But who does Elon Musk represent? |
0:57.2 | He came into the administration with an idea that you did the math on it, did not make any |
1:02.3 | sense, which was that Doge was going to find enough savings to eliminate the debt at some point, |
1:07.5 | that you could do this tax cut package and you'd find enough waste and fraud |
1:11.4 | to make it pay for itself. |
1:12.5 | I was getting, uh, emails, fundraising emails from Republicans as recently as yesterday, |
1:18.1 | asking if I want my $5,000 Doge dividend check. |
1:20.6 | Another idea that Elon endorsed saying that there were going to be so many savings, you |
1:24.2 | were going to get for, you, the American people are going to get free money from the process. That didn't happen. The debt limit is being increased. He does care about that. |
1:31.6 | Will he spend money against Republicans from the right as he's threatening? He might, but I think |
1:37.5 | he represents a lot of people who remembered the first Trump term in 2024 and remembered there |
1:42.6 | were tax cuts and there were stimulus |
1:44.2 | spending and there was a debt but maybe it was worse under Biden. And the reality of the Trump |
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