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Of any purchase of $100 or more. That's promo code Brian. Let's welcome in Chairman Jason Smith, Chairman of Ways and Means, the Congressman from Missouri. Congressman, welcome back. Brian, it's great to be with you.
Happy 4th of July and 250th. Absolutely. And on 4th of July, it looks like the Democratic Party is losing its battle with socialism. How is it, you know, RoConna? If I was to tell you four years ago that this guy would be pro-socialist, taking on capitalists, you'd go, Brian, well, he's a Democrat, but he doesn't mean that.
You know, you have the purse strings for the country. What's he talking about? What's he doing? You know, it's what's happening in the House of Representatives and the United States Senate in Washington. It's been gradually moving towards socialism every election cycle with more socialists within the Democrat Party getting elected.
And now it's starting to get frighteningly like that they're what controls the Democrat Party. And what's even scarier, Brian, is that it's not the candidates. It's who's electing the candidates. And if in fact these people are true socialists, that should alarm and concern. Everyone.
So here is Donny Deutsch, a Democrat, a liberal, on the party that he doesn't recognize. Cut 49. Democrats have gone off the rails. They're not even focused. What matters to people is affordability.
And Democrats right now are focused on two things: they're focused on anti-Semitism and socialism. Not all Democrats. But that's where the energy in their party is. When you look at the two candidates that got elected in the last week, it's insane. And the Republicans are going to tar them with this.
You would think, but now I think there's a lot of people who are just anti-Israel on both sides of the aisle, and I don't get it. You know, there's. I don't get it either, Brian. There's. It's unfortunate.
What's going on within the Democrat Party that you see to begin with of the anti-Semitism, anti-Semitism has been astonishing. But I'll tell you, the Republicans who are anti-Israel, like I can't comprehend and understand what's moving them. What I will say is, some of the investigations that we've been doing in the Ways and Means Committee with these non-for-profits, the 501c3s and C4s, we've seen this money come in from outside forces outside of the United States, billionaires who want to create unrest and chaos. And I'm talking about billionaires outside of the United States. that's bringing in, that's helping fuel this anti-Semitism rhetoric and also just the protest of the unreach.
It's quite disturbing. Yeah, so you're talking about You're talking about the Uh you're talking about to finding out who's funding DSA. and you're trying to find out who's who's bringing in money. On the blue side of the aisle. And have you gotten anywhere specifically?
Because that's a violation of the law. Yes, especially whenever non for profits get involved in elections, that's a violation of law when it's foreign money. And that's what we've been tracking. We've been seeing a lot of Chinese money, Brian, that's been coming into five hundred one C's that have been helped Organizing these protests, whether it was the ICE protest in Los Angeles, whether it was the protest in unrest in Minnesota, whether it was the Anti-Semitism protests on college campuses. They've all had the common theme of a lot of different groups, whether it's the People's Forum, which we have been investigating very aggressively.
In fact, I have called for the administration to pull their tax exempt status because we have discovered where they've actually been funding terrorist activities.
So these are things that we have to be full throttled on in making sure we stop, prevent, and root out of the current system.
So what these socialists are trying to say is the working class getting the shaft and the successful have been too rich for too long, essentially. What is your message as the ultimate capitalist in the country?
Well, look at what we've been working on just the last year and a half to make sure that all Americans don't fix a 21% tax increase. Tomorrow, Brian, on July 4th, will be the one-year anniversary of the passage of the One Big Beautiful bill, which every single Democrat in the House and the Senate voted for. In fact, they campaigned in 2024 that they wanted all of the tax cuts to expire, which would have resulted in every single American facing another 21% tax increase because they want the government to have more money. They believe that the government knows how to spend your money better than you do. That is not what we believe.
But what we just delivered was we not only prevented. Prevented the largest tax increase in U.S. history. We created an additional tax cut of no tax on tips, no tax on overtime, no tax on Social Security, increase in the child tax credit, increase in the guarantee deduction.
So many provisions that delivered real relief for working families. I'm always reminded of this waitress that came up to me in my congressional district just two months ago and said, Congressman, I want to thank you. I did my taxes. I got a refund of over $10,000. This was a single mom, waitress who works overtime, who has three kids.
And she's like, because of this refund, I will be able to pay for my rent for a year plus some groceries. I had a waiter in Las Vegas that told me because of the no tax on tips, they will be able to afford their utilities for a year. That's real relief and affordability. Hey, it's Ryan Reynolds here for Mint Mobile.
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Please drink responsibly. Yeah, but the problem is you guys haven't done anything since, and you just disbanded rather than work last week. What happened?
Well, we can do a whole lot more and get a lot more done. I am very disappointed with how the House floor has been running. And guess what? When the floor disbanded on Tuesday, the Ways and Means Committee followed through with passing seven bills out on Wednesday. We didn't cancel our activities because there's too much work to be done for the American people when it comes to tax policy, when it comes to trade, when it comes to health care.
You're talking to someone, Brian, who is very disappointed of what's been going on on the floor. But you know what? I'm not going to stop working. I'm going to make my committee members continue to work, and hopefully the leadership will get it together on the House floor. Do you want to see the president sign the housing bill?
It's bipartisan. Do you think it'll help? I do think that it would be very helpful for the president to sign it, and I think in the end. The housing bill will become law. And so, you know, the President is upset, rightfully so, that the United States Senate has not been acting on the Save America Act, something that he's been pushing very aggressively.
The House of Representatives has passed out three different times. The Senate just needs to get this bill passed. But but Congressman, they can't. Mitch McConnell is in the hospital. He's not for it.
Then you got Murkowski, who's on the edge of flipping parties if you keep pushing her. And then you got Susan Collins, who might hurt her chances of re-election, which would hurt your entire party. And then you have Tillis, who's angry because the president was going to primary him. But Tillis might be coachable, but you're still at 54 after that.
So what Democrat that's not named John Fetterman would go for it? You just don't have the numbers. Exactly. It's because of the rules of the Senate in regards to the filibuster. I think when you talk to the everyday average American, Brian, they don't understand, okay, Republicans control the White House, they control the Senate, and they control the House.
Why can't they control everything? And it's because of the filibuster, the 60-vote rule over there. I'll tell you, Brian, the most alarming and most concerning thing that concerns me right now is that the Democrats last month in June started saying that they were going to shut down government on September 30th, that they were not going to even vote for a continuing resolution. And why can they do that? It's because of the 60-vote filibuster rule.
The United States Senate, they need to be having a real conversation with their members because the Democrats believe that it is. You're not going to like it if you lose power. Congressman, you're not going to like it if you lose power. I totally agree. And that's why the United States Democrat shall not allow there to be a lapse of government funding.
If they have to blow up the filibuster on October 1st because the Democrats refuse to fund government, soon better do that, because there should not be a lapse of government going into the election. Yeah, I gotta figure a way to do that because that really hurt your agenda. It really hurt everybody. It hurt the country, but it helped the Democrats when they shut down the government. I think they should pass a rule amending the filibuster, saying that if there's a lapse of government funding, it only takes a simple majority.
vote from that until government's funded. And then that will incentivize Democrats and Republicans in the Senate to never allow there to be a lapse of government funding.
So well Congressman Chairman Smith, before you go, what is The two hundred and fiftieth. anniversary of this country mean to you? It's all about freedom and opportunity, Brian. It's exactly what our country was founded on 250 years ago, and it's what it stands for today. And it's why I serve in government, is to continue to push that envelope to make sure that the next generation has freedom.
The next generation has opportunity. And that's what we're working towards. It's great to be in America, and it's great to see people visiting our country and loving it even more now than ever before. Absolutely. You watching the World Cup?
Watching the World Cup, super proud of super proud of the United States. And also the team captain is from St. Louis, Missouri.
So we're extremely proud of him. The ageless one. Lastly, this is making a lot of headway lately. The President's personal finances are front and center. Uh and it looks like he has uh gotten a lot richer since he took office.
And so is his family. Here he was confronted on CNBC Cut 29. In the disclosure this week, the amount of money that you and the family made in crypto, it was an outsized number. I was just asking, did you know about the crypto venture?
So that was just something. By the way, I could know about it. I didn't. I mean, there's nothing illegal. There's nothing wrong with it.
I could know.
So, the President, I think, needs to get out in front of this message. Do you agree? Absolutely. You know, the president was involved in crypto before he was ever president of the United States. And crypto has definitely been growing in popularity and doing quite well.
And so, all I would have to say is the president was involved before he was ever president of the United States.
So, everyone who's been involved in crypto during this process, they're benefiting. They're doing quite well. Yeah, and by the way, if you're in the market, you're also doing quite well. That was the President's point. 401k, if you're in a pension fund, take a look at the market.
And the job numbers are still good, despite the emergence of AI. Jason Smith, thanks so much, Congressman. Best of luck, and good luck when you get back to work in the summer. Thank you, sir. Happy fourth and take care of yourselves.
Try to stay cold.
