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So what's actually in the big, beautiful bill?

We have been told it is big and beautiful.

And we've certainly heard a lot from

President Trump and the White House about how great it is going to be. Let's dive into some of

the specific, some of the substance here. Steve Myron is with us. He is the chairman of the Council

of Economic Advisors to the White House, and he's an economist. He's got a PhD from Harvard,

very impressive fellow. Thank you for being with us, sir. Let's just start with this. What are the

main takeaways that the general public should have about why this bill is going to be great for the

economy? Look, thanks so much for having me.

First off, the bill is big and beautiful, and it's going to be great for America.

The number one thing that it does is extend the president's historic tax cuts from 2017,

tax cuts on families, tax cuts in households, and tax cuts on firms.

Now, what those tax cuts did was they

created an economic boom in the United States in the first term, President Trump's first economic

boom, and they're going to, in the continuation of those tax cuts, and the further tax relief

for American families and firms that's in the bill are going to create a boom in President Trump's

second term, President Trump's second economic boom.

Now what we do in this bill is first of all we keep rates low, we prevent rates from snapping

back up like they would if we did nothing. And then we also provide additional tax relief

...