Joining us now, Democratic Congressman Pat Ryan of New York. Congressman, thank you for being here. We were talking earlier in the show about just how deeply unpopular the Republican legislation uh has proven to be and seemingly only more so uh including with significant tax breaks for the rich.But in these negotiations that may or may not shut the government, it does appear that health care has become really the animating point. >> Well, I think it's healthare, specifically the cost of healthare uh and it' ...

So, while the Trump administration unveiling a new fee for H-1B visas, it also announced new programs designed to fasttrack residency for foreign nationals with some tax breaks. CBC's wealth editor Robert Frank joins us now with some of the details. Robert, good morning, Andrew.Good to see you. Well, President Trump announcing two new luxury visa programs, a gold card and a platinum card. The gold card will cost $1 million for individuals and $2 million for companies.It will allow foreign nationals to get U ...

The One, Big Beautiful Bill Act (OBBBA), signed earlier this year, rolled out a set of retroactive tax breaks that kicked in on Jan. 1. Economists following the rollout said the law’s seven key provisions could mean bigger tax refunds and smaller tax bills for millions of households. And this higher refund could feel a lot like getting another round of stimulus checks. Trending Now: 8 Ways Trump’s ‘One Big Beautiful Bill’ Could Offer Tax Relief Check Out: 5 Types of Cars Retirees Should Stay Away From Buyi ...

Morning everyone. Honored to be joined today by Whip Katherine Clark and caucus chair Pete Aguilar as we prepare to depart for the August district work period. The Trump administration and House Republicans have been a complete and total failure.These MAGA extremists promised that they were going to lower costs in the United States of America. In fact, they promised the American people that costs would go down on day one. But costs haven't gone down.They are on the way up. Inflation is up. It's the quality ...

Government Spending & Policy - The US Congress passed a multi-trillion dollar spending bill that includes tax cuts, increased military spending, and funding for mass deportations, offset by cuts to food aid, clean energy, and Medicaid [1] - The bill is projected to add $33 trillion to the national debt [1] - A Democratic Super PAC poll indicated that nearly 50% of Americans were unfamiliar with the legislation [1] Healthcare & Social Safety Nets - The bill includes steep cuts to Medicaid and SNAP, potentially leading to millions of Americans losing access to coverage [1] - Republicans argue that Medicaid is in need of reform [1] - Some cuts in the bill will take effect after the midterms [2] - Rural hospitals are already facing tough decisions, including layoffs and service cuts, due to uncertainty about Medicaid funding [2] Political Landscape - The bill passed largely on party lines, demonstrating President Trump's dominance within the Republican party [1] - Some Republicans expressed concerns about the Medicaid cuts and the increase in the national debt [1] - Democrats are attacking the bill's overhaul of social safety net programs [1] - A Fox News poll indicated that 59% of people don't like the bill [2]

Joining us now is Congresswoman Katherryn Clark of Massachusetts. You just heard from her. She is the number two Democrat in the House serving as the Democratic whip.Welcome, Congresswoman. It's great to have you back at the table. So, I want to have a little fun with you uh at the beginning.U so so this great headline on NBC News um uh this morning talking about House Democratic leaders vowed to do everything they can can do to stop the GOP bill from passing. And the first thought I had was what. You mean ...

Fiscal Unsustainability & Debt - US national debt is a staggering $37 trillion, and a proposed bill could add at least $3 trillion more over the next decade [3] - The bill under discussion is projected to increase deficits by approximately $4 trillion [8][19][20] - The US is on a fiscally unsustainable trajectory, with Social Security and Medicare facing potential shortfalls in less than a decade [7] - Increased debt could lead to higher interest rates for consumers and the government, impacting borrowing costs for cars, homes, and credit cards [4] Impact of Proposed Legislation - The bottom 40% of the population is expected to be worse off as a result of the bill, potentially losing health insurance and access to food stamps [9][21] - Over 10 million people are likely to lose their healthcare due to the proposed legislation [5] - The bottom 10% could be $700 worse off annually, while the top 1% may receive a $30,000 tax cut, described as a reverse Robin Hood effect [21] Trade War & Inflation - Trade wars and tariffs are expected to worsen inflation [5] - The Federal Reserve (Fed) indicated it would have cut interest rates if not for the uncertainty caused by tariffs and the trade war [5][23] Global Confidence & US Economy - There's a growing concern about declining global confidence in the US's ability to repay its debts [11] - The Fed paused on lowering interest rates due to the uncertainty caused by the Trump administration's sweeping trade policy [25]

Fiscal Policy & Economic Impact - The bill aims to continue tax breaks from Trump's first term and add provisions from his second term promises [3] - The bill is expected to positively impact the economy [4] - The Congressional Budget Office (CBO) estimates the Senate version of the bill will increase the national debt by 33% trillion over the next 10 years [6] Healthcare Implications - The CBO estimates that the bill will lead to approximately 12 million people (118%) losing health insurance by 2030 [7] - The bill includes provisions that may cause individuals who are eligible to work but choose not to, to lose healthcare benefits [9] National Security & Defense - The bill includes increased spending on defense, including provisions for missile defense [8] - Focus on evolving threats from China and Russia [8] Iran Nuclear Program - Iran could resume enriching uranium in a matter of months [14][15] - The president discussed specific enrichment facilities that were destroyed [16] - Iran has other sites and capabilities to restart their nuclear program [17] - Iran is considered a terrorist state with nuclear aspirations [19][20] Intelligence Sharing - The White House plans to limit intelligence sharing with lawmakers [21] - Congress will continue to have access to intelligence [23] - Addressing leaks that can impact national security is important [23]