And look, this guy already tried to seize power once. January 6th was the day that Mai and Raphael Waro's races were called in Georgia. Uh we know his character and his will and they are trying to lock in one party rule in the United States in large part because he's engaged in so much outright malfecence and abuse and corruption that he can't afford to have a Democratic House that could investigate his misdeeds.So, Democrats need to strike back. We have no time or luxury for high-minded hesitation. Uh beca ...

Inflation & Monetary Policy - Potential for the Federal Reserve to reduce rates if inflation decreases and the economy performs well [1] - Tariffs are one of many forces at work in the economy, including remilitarization, fiscal deficits, and demographics, which may drive slightly higher inflation [2] - Focus should be on growth, which is more important than minor fluctuations in inflation [2] Tariffs & Trade - Tariffs have been greatly moderated, with 15% applying to half of imports, which is manageable in many cases [3] - With imports around $4 trillion, an average tariff of 7-8% equates to $300 billion annually on a $30 trillion economy, which may have some effect [3] - The impact of tariffs is still uncertain, with some being passed on and some not, and more effects may be seen in the future [4] - Current tariffs are more moderate, thoughtful, and carefully implemented, potentially helping some companies export and encouraging manufacturing to return to the US [7] Fiscal Policy & Deficit - The US deficit is $2 trillion, and concerns exist about adding $2.5-3 trillion, leading to an increase from $30 trillion to $50 trillion in debt over 10 years [8] - The extraordinary additions to the deficit each year are more concerning than the $3 trillion figure [9] - The current tax bill is beneficial, but the deficit needs to be addressed, as 6.5-7% deficits cannot continue indefinitely [9] - There are too many tax breaks that should be eliminated, and multiyear budgeting could be implemented [10][11] Market & Risk Appetite - Risk appetite in the market is a little high, but not critically so [12] - $10 trillion was borrowed and spent in the last five years, likely globally, along with large amounts of quantitative easing (QE), which is still affecting the system and may be leading to higher asset prices [13] - High asset prices and low credit spreads suggest a longer way to fall, making the market cautious about valuations [13][14]

I do think that extending the tax bill for business to know, you know, what their taxes were going to be is a positive going forward and that does reduce the risk that the bill didn't get done. I also think when it comes to tariffs, you know, I think the initial liberation day there's now there's more, you know, talk, there's more things getting done, a couple been announced, a couple have been delayed. That reduces that risk a little bit and hopefully they'll get done.So there there's still risk out there, ...

Government Policy & Budget Allocation - The proposed tax bill includes provisions that may lead to millions losing Medicaid coverage and tax cuts for wealthy individuals inheriting over $30 million estates, while increasing the federal deficit [1] - The bill allocates nearly $140 billion towards ICE and border wall construction [3] - The DHS 2026 budget request for ICE is just over $11 billion [2] Political & Social Implications - The Vice President argues that increased funding for ICE and immigration enforcement is a significant benefit for the American people [2] - Critics argue the bill prioritizes border security and immigration enforcement at the expense of essential services like rural hospitals [4] - The bill is portrayed as a "bait and switch" tactic, promising improved lives but primarily delivering increased immigration enforcement [3]

President's uh reconciliation bill is back in the House now with just two days left really until the self-imposed July 4th deadline. Our next guest is tasked with getting Republicans to vote for it. Joining us right now is House Majority Whip, Congressman Tom Emmer. Good morning to you. We just had a guest on who you know very well who said he's not voting for it and he's hoping that um maybe uh this can get pushed out to next week and that there's some kind of compromise to be had. But now that the Senate' ...

Jennifer, good to see you. Thank you so much for taking the time here with us pre-market. Just take us into your assessment of the additive cost that this tax bill based on estimates that are floating around would ultimately mean for the economy and how investors should be thinking through that.Uh good morning and thanks very much for having me on. You know, this is uh not a shock that we're going to be seeing trillions and trillions of dollars added to the bottom line. And uh in terms of what it means for ...

Sen. Rand Paul (R-Ky.) joins 'Squawk Box' to discuss the state of ceasefire between Israel and Iran, his thoughts on Washington's surprise attack on Iran's nuclear facilities, fate of the Republican tax and spending bill, sticking points in negotiations, and more. ...

Like-kind exchanges can mean a much lower tax bill on real estate for savvy investors. https://t.co/WhoRbJPHLR ...

Well, for more on how this might impact markets and investors, let's bring in Terry Haynes. He is founder of political forecasting firm Fangia Policy and former head of US policy and political analysis at Evercore ISI. Terry, it's great to have you on.Let's start right there. Can we get a bill across the finish line here by July 4th. And how much now hinges on the Senate bill going back to the House to do it.Good afternoon, Morgan and John. Uh firstly, I think it's entirely possible that they can get it don ...