mr. thune: mr. president. the presiding officer: the majority leader. mr. thune: thank you, mr. president. mr. president, we have before us today a once-in-a-generation opportunity to deliver legislation to create a safer, stronger,and more prosperous america. with one bill we can deliver on a number of priorities. tax relief for hardworking americans, economic growth, a stronger national defense, a more secure border, a more reliable energy supply. and reductions in waste, fraud, and abuse across the federal government. mr. president, we seldom have an opportunity to take the kind of action that we're taking -- that we're planning to take on just one of these priorities, let alone all of them. when was the last time we considered legislation like this to give $150 billion boost to our defense spending? any serious declines in our military readiness -- i should say after serious declines in our military readiness, we are on the verge of priorities. shipbuilding, missile defense, defense manufacturing capacity, critical munitions, drones and counterdrone technology, and expanded

mr. thune: mr. president, for many months we've been laying the groundwork for legislation to make tax relief for hardworking americans permanent and invest in our security to build a stronger, safer, and more prosperous america. we're very nearly there. it's been an exciting week in the senate, with the environment and public works committee and armed services committee releasing their portions of the text. the text comes from the commerce committee and the banking committee very soon. i'm grateful for the hard work of so many members and the committee chairs. of this has been a deeply collaborative project from the get-go, and the product of extensive work, both within the senate and between the senate and the house. between the good work of the house and good work of the senate, we're going to have an outstanding final bill. the bill text released this week by the environmental and public works and armed services committees covers parts of the energy security and national defense sections of the

mr. thune: mr. president, on monday afternoon, the senate finance committee released the text of the centerpiece of our reconciliation bill, making the tax relief we passed in 2017 permanent. the 2017 tax cuts and jobs act reduced tax rates for every income bracket, doubled the child tax credit, and nearly doubled the standard deduction. that, of course, meant more money in americans' pockets. but those lower tax rates and the larger standard deduction and the child tax credit are set to expire at the end of this year, and if we don't take action american families will be facing a massive tax hike started in 2026. americans making less than 400$400,000 a year would face a $2.6 trillion tax hike. a typical family of four making $80,000 a year would need to send an additional $1,700 to uncle sam. $1,700, mr. president. republicans promised the american people we wouldn't let that happen, and with the release of the finance committee's text we are one step closer to delivering on that promise. our bill

mr. thune: mr. president, i ask consent the reading of the names be waived. the presiding officer: without objection. mr. thune: i ask unanimous consent that the senate resume legislative session and be in a period of morning business with senators permitted to speak therein for up to ten minutes each. the presiding officer: without objection. mr. thune: mr. president, i have five requests for committees to meet during today's session of the senate. they have the approval of the majority and minority leaders. the presiding officer: duly noted. mr. thune: mr. president, i ask unanimous consent that the committee on banking, housing and urban affairs be discharged from further consideration of s.1467 and the senate proceed to its immediate consideration. the presiding officer: the clerk will report. the clerk: s.1467, a bill to amend the fair credit reporting act, so forth and for other purposes. the presiding officer: without objection, the committee is discharged. the senate will proceed to the moti

mr. thune: mr. president. the presiding officer: the majority leader thp mr. president, i ask unanimous consent the quorum call be lifted. the presiding officer: without objection. mr. thune: mr. president, before i begin, i want to mention sunday's attack in boulder, colorado. a man armed with incendiary devices and shouting antiirs slogans -- anti-israel slogans atta attacked. eight individuals were injured, at least two so severely that they had to be airlifted to a burn unit. this attack would be horrifying in and of itself, but it is particularly disturbing given that it comes on the heels of the murder of two embassy staffers here in d.c. just two weeks ago. it goes without saying that there is no place for this kind of violence in our society. we must forcefully condemn anti-semitism and to everything we can to stand with and protect our jewish neighbors. my prayers are with all those injured, with their families, and with the jewish community in boulder and across the country. mr. presi

mr. thune: mr. president. the presiding officer: i recognize the majority leader. mr. thune: thank you, mr. president. mr. president, we're going to vote here real soon on a bill that's been worked on for many, many months, and i want to start by thanking the staff on the committees, the relevant committees, the floor staff, everybody that's been around that has to put in the hours and get us to where we are today. they are extraordinary people who are very dedicated in their jobs to public service and we're grateful for that. and i will say too, because we went through the reading of the bill, which the democratic leader just pointed out was important for people to hear, through the middle of the night. you know, i don't think there was a big american audience for that. i think a lot of people were at their jobs working their shifts, people like nurses and firefighters who are going to benefit under this bill. to think that they were sitting there in their jobs watching the bill be read on the floo

mr. thune: mr. president, i ask i ask consent the reading of the names be waived and move to proceed to legislative session. the presiding officer: the question is on the motion. all those in favor say aye. opposed no. the ayes appear to have it. the ayes do have it. the motion is agreed to. mr. thune: mr. president, i move to proceed to executive session to consider calendar number 1345. the presiding officer: the question is on the motion. the presiding officer: the ayes appear to have it. opposed no. the ayes appear to have it. the ayes do have it. the motion is agreed to. the clerk will report the nomination. the clerk: department of health and human services, gary andres of virginia to be assistant secretary. it's a great question and i'm thrilled i'm getting questions from across the political aisle. i argue the animosity is localized. when we look at the conflict started israel foundation in 1948, which took on religious overtones. in iraq pre-and post war. i don't like my religion and i find

mr. thune: mr. president, last november, the american people elected president trump and a republican congress with a clear mandate. since taking control in washington this year, we've been working to deliver on our promise of a safer, stronger, and more prosperous america. now we have the opportunity to pass a bill that advances all of these priorities and sets our country up for better days ahead. we've worked hard on this. now it's time to deliver. mr. president, the centerpiece of our bill is permanent tax relief for the american people. the 2017 republican-led tax cuts lowered rates for every income bracket. we doubled the child tax credit and nearly doubled the standards deduction. those policies will expire at the end of the year without action from congress. which means a typical family would be hit with a $1,700 tax hike next year. in my state of south dakota, south dakotans would see their taxes go up on average $2,500. we're determined not to let that happen. not next year, not ever. our

mr. thune: mr. president, i ask unanimous consent that it be in order for the following senators to be recognized to offer amendments, motions or points of order and that the amendments be roberted by number with no amendments in order provider to a vote in relations to amendments or motions. senator blunt rochester motion to commit. the presiding officer: without objection. i now recognize the senator for delaware. ms. blunt rochester: mr. president, i have a motion at the desk. the presiding officer: the clerk will report. the clerk: the senator from delaware, ms. blunt rochester, moves to commit the bill h.r. 1 to the committee on finance with instructions. ms. blunt rochester: mr. president, i ask unanimous consent that the reading be dispensed with. the presiding officer: without objection. ms. blunt rochester: mr. president, in one of the richest countries in the world, we have maternal and infant mortality crises. in fact, we have the highest maternal mortality rate among wealthy nations. tod

big six meetings, which was referred to as the speaker of the house, the leader of the senate, so mr. thune, also mr. crapo of the finance committee. myself, and also the treasury secretary, bessent. we have been discussing different tax provisions, but in regards to my counterpart on the senate side, we talk, our teams communicate nonstop them and we have been working pretty well hand in glove. david: did the president get involved too? did you meet with the president in the oval office to talk about the bill? rep. smith: i do. our president is accessible and he calls me when he wants to talk tax or trade or other items within our committee's jurisdiction. and so, i've met with him several times on this tax bill. twice in the last two weeks in the oval office. i shared with him the main priorities that he asked us to deliver on, and what i could deliver on and what i couldn't deliver on. david: so, let's go through some of those. the main thing that he wanted, i thought, was to get the tax cuts that we had had before extended for corporations and for individuals. so, individuals will have

the clerk: the senator from south dakota, mr. thune,s an amendment numbered 2360. mr. thune: i ask consent the reading be dispensed with. mr. schumer: reserving the right to object and i will object. senate republicans are scrambling to pass a radical bill, released to the public in the dead of night, praying the american people don't realize what's in it. if senate republicans won't tell the american people what's in this bill, then democrats are going to force this chamber to read it from start to finish. i object. the presiding officer: objection is heard. the presiding officer: the clerk will read the amendment. the clerk: strike all after the enacting clause and insert the following. section 1, short title, this act may be cited as the one big, beautiful bill. act. sec. 2. table of contents. the table of contents of this act is as follows: sec. 1. short title. sec. 2. table of contents. title i-committee on agriculture, nutrition, and forestry subtitle a- nutrition sec. 10101. re-evaluation of thrifty food plan. sec. 10102. modifications to snap work requirements f

mr. thune: mr.resident, i have five requests for committees to meet during today's session of the senate. they have the approval of the majority and minority leaders. the presiding officer: duly noted. mr. thune: mr. president, i ask unanimous consent that the senate proceed to the consideration of s. res. 262 which is at the desk. the presiding officer: the clerk will report. the clerk: senate resolution 262 to authorize testimony, document production, and representation by the senate legal counsel in the case of enray architect of the capitol employment dispute. the presiding officer: without proceed to the measure. mr. thune: i ask unanimous consent the resolution be agreed to, the preamble be agreed to, and that the motions to reconsider be considered made and laid upon the table with no intervening action or debate. the presiding officer: without objection. mr. thune: i ask unanimous consent that when the senate completes its business today, it stand adjourned until 10:00 a.m. on thursday, june

mr. thune has the story exactly right. let's not forget this inflation spike that is yet to materialize. in fact the fed's favorite inflation indicator has now slipped to 2.1% over the past year, nearly hitting their 2% target. of course the liberal media will not admit that they have been completely wrong on the trump economy. instead, they are doubling down on their usual pessimistic montra but president trump is doubling down on his one big beautiful bill and he is right to do so. last night, he made a powerful case for the bill on truth social. let me quote. "we will take a massive step to balancing our budget by enacting the largest mandatory spending cut ever and americans will get to keep more of their money with the largest tax cut ever, and no longer taxing tips, overtime, or social security for seniors. something 80 million voters supported in november. it will unleash american energy by expediting permitting for energy, refilling the strategic petroleum reserve. it will kick millions of illegals off medicaid and

somewheres between 1 to 2 trillion dollars surplus, that is where mr. thune got is right talking about additional revenue that comes with a dw growth def dividend. for making, tax cuts permanent that is the riff. joining me now. we have steve moore, host of moore money. and other things. and ej antoni. unleash prosperity's senior fellow, welcome you to. steve moore, deep recession has not come, hyper inflation has not come, stock market is rallying, media am not admit is they are doubling down on pessimism, i say trump economy lookings pretty good. >> it is humming along, i rarely admit that i'm wrong, but i was wrong on this took i didn't think we would see a number this strong, i agreed with your riff, but you lift out marketings and economy love trade peace. and so, trump getting the series of trade deals, not yet in hand, but planned, i think calmed the markets. i that have given a lot of confidence to manufacturers, and construction companies and others, saw a big boost there. and these numbers are really remarkable. 4. 6% growth. that is over 2 months,

mr. thune: mr. president. the presiding officer: i recognize the majority leader. mr. thune: thank you, mr. president. mr. president, i would like to start by taking a moment to thank the clerks who stayed up all night reading the amendment and getting us to this point. i know it was a long night, and that we're not finished yet. i want them to know that the senate appreciates their dedication, their stamina, and their service. in just a moment, i'm going to make a point of order against the substitute amendment i offered on behalf of chairman graham. i believe the chair should rule that there is no point of order against the amendment, because the budget act, under the budget act, the senate looks to the budget committee to assess the effects of an amendment. this has to do with the current policy baseline that we decided to use in the budget resolution for this bill, and how we handle points of order related to it. this is an issue that i think we need to deal with right off the b bat. therefore, i make a point of order under section 313 b-1e of the congressional budg

mr. thune: madam president. the presiding officer: the majority leader. mr. thune: i ask unanimous consent that the quorum call be suspended. the presiding officer: without objection. mr. thune: madam president, before i begin my remarks this afternoon, i want to speak briefly about iran. for decades the regime in iran and its terrorist porxies have sought to sow chaos throughout the middle east. they threaten death to america and to wipe israel off the map. all the time, the mullah's have a nuclear enrichment. iran can never be allowed to have a nuclear weapon. this has been the position of president trump and members of this body for years. since his reelection, president trump made clear that a peaceful resolution was possible if iran gave up its nuclear ambitions. iran's leaders refused. as a result on saturday the president ordered precise and limited sites to go after iran's nuclear program consistent with this national security imperative. i'm grateful for the professionalism of all of o

mr. thune: mr. president. i ask unanimous consent that it be in order for the following senators to be recognized to offer amendments, motions or points of order, that the amendments be reported by number with no amendments prior to the vote, bluackburn, number 2401. the presiding officer: is there an objection? without objection. mrs. blackburn: mr. president. i call up my -- the presiding officer: the senator from tennessee. mrs. blackburn: i call up my amendment 2401 and ask it be reported by number. the clerk: the senator from tennessee, mrs. blackburn, proposes amendment 2401 to amendment 2360. mrs. blackburn: mr. president, i ask unanimous consent for two minutes of debate equally divided. the presiding officer: without objection. mrs. blackburn: thank you, mr. president. millions of vulnerable americans, including the disabled, elderly, and low-income children depend on medicaid for vital health care services, but waste, fraud and abuse are pushing this program to the point of insolvency. acc

mr. thune: i request the quorum call be suspended. the presiding officer: without objection. mr. thune: i ask unanimous consent to waive the mandatory quorum calls wr79 executive -- with respect to executive calendar numbers 98 and 99, olivia trusty. the presiding officer: without objection. mr. schumer: mr. president. the presiding officer: the democratic leader. mr. schumer: mr. president, first about safety in the capitol and our meeting today that senator thune and i called. first, i'd like to say that the capitol police have always been the silent heroes behind the scenes, keeping members safe. that's no secret. the country saw them for themselves on january 6 and in the footage after. and they're doing a good job. we had a very good meeting where members brought up their concerns and efforts, strong efforts, are going to be made to answer those concerns, with an expanded, expanded activity by the capitol police. but after the awful situation this weekend, there's real concern not just her

mr. thune: mr. president. the presiding officer: the majority leader. thune thank you, mr. president. mr. president, i -- mr. thune: thank you, mr. president. mr. president, i ask that the quorum call be suspended. the presiding officer: officer without objection. mr. thune: later today our friends in the house will be voting on the halt fentanyl act. this is important legislation and i am glad it will soon be on the way to the president's desk. i don't need to tell anybody about the horrible impact of drug overdoses in this country, many of them caused by fentanyl. more americans die from drug overdoses each year than the number of americans who died in the entirety of the vietnam war. the new england journal of medicine estimated that we were losing 22 teenagers every week to drug overdoses. 22 teenagers every week. that's like losing an entire high school classroom week after week. and no part of this country has been spared from the influx of fentanyl. we've certainly seen it in my home state of south dakota. enough fentanyl was seized in sioux falls, south dakota, last

mr. thune: is the senate in a quorum call? the presiding officer: no. mr. thune: mr. president, a significant number of americans are engaging with cryptocurrency. that includes americans who use stablecoins. then there are the individuals and businesses around the world that access the american dollar through the use of dollar-backed stablecoins. mr. president, stablecoins are a relatively recent financial innovation, but they've quickly caught on. they offer easy payments with speed and security of a block chain and security and usability of the dollar bill. there are roughly a quarter trillion dollars of them now in circulation. traditional financial institutions are said to be considering getting into the stablecoin business. companies like uber and air bnb are exploring integrating them into their businesses. it is clear that crypto currency is here to stay. it's time we bring it into the mainstream. passing the genius act is a good first step. the genius act provides a clear regulatory framework for stablecoins. it would ensure americans can trust who they're do

thune: thank you. mr.aker, leader schumer, leader jeffries, secretary hegseth, secretary collins, general caine, sergeant drake, private first class wordel, ladies and gentlemen rangers lead the way. that was brigadier general norman's order as he sought to move troops off normandy beach on d-day. the rangers led the way. just as they did at point du hoc. in algeria, in the herringian forest, throughout the european theater and in the pacific, a "new york times" obituary for colonel mewsy, commander of the sixth ranger battalion, that served in the pacific theater, noted, i quote, it should not be especially surprising three days before macarthur made his walkthrough the surf on his celebrated return to the philippines, colonel mousy led a small preliminary ranger assault force ashore to clear the way. end quote. rangers lead the way. the sixth ranger battalion led the way for macarthur's return, but the battalion is perhaps most famous for his groundbreaking raid on the prisoner of war camp. following the

mr. thune: mr. the preamblebe agreed to, and that the motions to reconsider be considered made and laid upon the table, all en bloc. the presiding officer: is there objection without objectio mr. daines: i ask unanimous consent that the committee on the judiciary be discharged from further consideration of s. 1136 and the senate proceed to its immediate considerion. the presiding ofcer: the clerk will report. the clerk: s. 1136, a bill to authorize sentencing enhancements for certain criminal offenses directed by or coordinated with foreign governments. the presiding officer: is there objection? without objection. the committee is discharged and the senate will proceed to the measure. mr. daines: i ask unanimous consent that the bill be considered read a third time and passed and the motion to reconsider be considered made and laid upon the table. the presiding officer: without objection. mr. daines: i ask unanimous consent that when the senate completes its business today, it stand adjourned until

mr. thunemadam president, before i begin my remarks this afternoon, i want to speak briefly about iran. for decades the regime in iran and its terrorist porxies have sought to sow chaos throughout the middle east. they threaten death to america and to wipe israel off the map. all the time, the

mr. thune: thank you, madam president. madam president, i yield the floor. the presiding officer: under the previous order, the question occurs on the zimmerman nomination. is there a sufficient second? there appears to be. the clerk will call the roll. vote: the clerk: ms. alsobrooks. ms. baldwin. mr. banks. >> good afternoon. everybody having fun yet? [inaudible] >> well, very stimulating. we are making good headway on the reconciliation bill as you all know this is the legislation that we believe implements president's agenda and make sure our country safer, , stronger ad more prosperous. if you look at how it issues those objectives and certainly the tax side of it, it makes it easier for american families to make ends meet by giving them significant tax relief in several ways. it locks in an experiment the lower tax rates that were part of the tax cuts and jobs act. it allows for a permanent extension of the increased expand the child tax credit and it also makes permanent the increase standard deduction which 90% of the people in this country claim. on

ladies and gentlemen, the honorable jack thune, leader of the united states senate. good afternoon, mr. speaker. leader schumer, senators moran and rosen. congressman turner, congresswoman moore, no male lowbrow as has already been said, it was the model of the six triple eight for my dad in millions of other americans who served overseas during world war two. there were no no emails, no face times, no zooms, no phone calls. my uncle gib was at pearl harbor when it was hit on december seventh, 1941, and my grandparents didn't know for days whether he was alive or dead. letters were the only connection to home, and the absence of those letters. that was a real blow to soldiers already facing constant strain and danger. and in early 1945, the mail situÉ was a big problem. warehouses in birmingham england were filled with a backlog of 17 million pieces of mail. it was estimated clearing that backlog would take six months. enter. the 6888. the women of the six triple eight central postal directory battalion and the only all black and women of color women's army corps unit to serve overseas

mr. johnson: i was in the oval office with leader thune as recently as early evening yesterday, with the president. we had a long discussion about this. and where the bill stands. its status. we are very, very close. leader thune has confidence that they could get the job done by this weekend. we certainly are hopeful for that. we would still like to meet that july 4 self-imposed deadline. the president likes that idea. i certainly like that idea. so does leader thune. we're in a wait and see posture in the house right here. we'll see what happens. reporter: can you talk to us about what other questions you might still have coming out of this? >> i think the question is what's next? you can't take pack what's taken place. in the final analysis, we're here because we pull out of the jcpoa, final analysis, that was diplomatic efforts. so we applaud those efforts now. it's really the only thing that's left to co. reporter: are you satisfied with the briefing you heard today? mr. quigley: this was a better briefing than we typically get. reporter: [inaudible] mr. quigley: i'm on the committe

[applause] >> ladies and gentlemen, the honor majority leader john thune of the united states senate. >> good afternoon mrder schumer, senators moran and rosen, congressman laturner, congressman moore. no mail, low morale. it was the motto of the six triple eight. and for my dad and millions of other americans who served overseas during world war ii, there were no emails, no facetime, no zooms, no phone calls. my uncle gill was at pearl harbor when it was hit and my grandparents didn't know whether he was alive or dead. letters were the only connection to home. and in the absence of those letters that was a real blow to soldiers already facing constant strain and danger. in early 1945, the mail situation was a big problem. warehouses in birmingham, england were filled with backlog of 17 million pieces of mail. it was estimated that clearing that backlog would take six months. enter the six triple eight. the women of the six triple eight central postal bay tall i don't know all black all women of color to serve overseas during world war ii arrived in birmingham in february, and boy, did they get to work. a

[applause] >> ladies and gentlemen, the honor majority leader john thune of the united states senate. >> good afternoon mrder schumer, senators moran and rosen, congressman laturner, congressman moore. no mail, low morale. it was the motto of the six triple eight. and for my dad and millions of other americans who served overseas during world war ii, there were no emails, no facetime, no zooms, no phone calls. my uncle gill was at pearl harbor when it was hit and my grandparents didn't know whether he was alive or dead. letters were the only connection to home. and in the absence of those letters that was a real blow to soldiers already facing constant strain and danger. in early 1945, the mail situation was a big problem. warehouses in birmingham, england were filled with backlog of 17 million pieces of mail. it was estimated that clearing that backlog would take six months. enter the six triple eight. the women of the six triple eight central postal bay tall i don't know all black all women of color to serve overseas during world war ii arrived in birmingham in february, and boy, did they get to work. a

apolitical institution is being questioned m and thune: mr. pres year, if congress fails to act, a typical family will face a $1,700 tax hike, a typical family in south dakota will face a $2500 tax hike. later this week we will consider our reconciliation bill that will prevent that tax hike with the 2017 tax cuts and jobs act. we're making them permanent and in some cases we're even improving on it. mr. president, our 2017 tax relief legislation lowered traction rates for every income group, it doubled the child tax credit and nearly doubled the standard deduction. the bill we're voting on this week will make all of that permanent and we'll make the child tax credit by increasing it to $2,200 per child and linking it to inflation permanently. our bill suspends taxes on tips, boosting the income of millions of americans. it suspends taxes on overtime pay for millions of american workers, meaning police officers, firefighters, nurses and others will be able to keep what they earn. an increased standard deduction for seniors will allow them to r

thanks to mike crapo and senator thune who i admire as our leader. mr. president, i'm here to talk about the production tax credit and investment tax credit. it's another classic example where thank tanks where people who haven't worked a day don't have a clue about what they're potentially doing to our grid. a lot of people had -- i had alex weinstein, a self-described philosopher and expert in this area in my office talking with three people, practitioners that actually work in it. one is someone who specializes in power purchase agreements for large businesses. walmart is one of the most sophisticated buyers of electrons in the world. they map out their power requirements years in advance. they want to make sure that their food doesn't spoil and they got power running. they've already made several power purchase agreements with projects under way, folks. and this bill is basically gutting it. and everybody is high fiving. what's amazing to me, mr. president, is it's the mark that we laid down the other day almost achieved the same level of cuts in the

you've staid is it, thune has said it -- you've said it, mr. crapo has said it.4 trillion that pays for everything under the sun is. and then, of course, even the cbo gives you $3 trillion over 10 years on the 10% tariff which pays for it. and then you do have a $1.7 trillion reduction or savings in a lot of the smaller mandatory programs, medicaid, food stamps and so forth. i just think, me, i know those numbers are phony. i'm just seeing polls that show people are worried about that. i don't care, i don't want you to worry about anything except getting the bill done, but i'm just putting it out there. >> you're absolutely right, larry. just think about it, it's very binary. if we do this, we'll see some of the greatest growth in the american economy in decades. if we don't do it, we're going do see a recession. -- to see a reconnection. it's about as simple as that. the way to to get out of our fiscal deficits, count me in as as a fiscal hawk, you don't get out of this by raising taxes. you get out of it by growth and reducing spending. this bill does both. lar

thune: finally, mr.resident, this work period we will focus on taking up legislation to permanently extend the tax relief for hard working americans, strengthen our border, energy, and national security. the tax relief republicans passed in 2017 -- tax relief that port -- put more money in the pockets of hard-working americans, is set to expire. if congress doesn't act americans making less than 400,000 dollars year will see a $2.6 trillion tax hike in 2026. we are not going to let that happen. our biggest focus this month will be completing this tax relief legislation with the goal of getting the final bill to the president before the fourth of july. finally, of course, mr. president, this work period we will focus on taking up legislation to permanently extend tax relief for hard-working americans, strengthen our border, energy, and national security. the tax relief the republicans passed in 2017, tax relief that poured more money in the pockets of working americans, is set to expire at the end of this

mr. chairman, if i could, i would like to submit a record that was -- letter that was sent to president, mike johnson, john thunen june 3 showing 300 economists support for the one big beautiful bill. they urge speedy adoption of legislation to enact progrowth tax policies. mr. chairman, i want to submit that for the record. >> without objection. sec. bessent: congressman, i believe i may have been in london when that was made public. i look forward to perusing the names of the economists on the list. >> mr. buyer. rep. budd: buyer the role of the secretary of the treasury of the most important and consequential in the entire government. you are responsible for our nation's economic prosperity, insuring the stability of our financial systems, and you are a successful guy with an ivy league education. one would assume that you would understand that these objectives, you must apply foundational while the acceptable principle to support economic growth. climate economic stability and creditability. ensuring the economy is a strong and stable workforce supporting science and innovation and more. yet at every turn, y

politico reports multiple republican senators have told leader john thune they are not ready to take up the big, beautiful bill. mrtor, are republicans really ready to say no to this president after his success at nato and the ceasefire deal? will you really just turn him down? >> well, i gotta tell you, i am very supportive of what the president is trying to accomplish with this bill, and what our leadership is trying to accomplish. it's a work in progress right now, it's a negotiation. and i look forward to seeing where we end up on this. but the policies we're putting in place here to make sure these tax cuts stay permanent, that we don't hit the american people with a $4 trillion tack cut which i believe would put us into a deep recession, this is a no, we can't fail at this. we've got to get this thing done. stuart: but patience is running thin here. i mean, every day i interview people in congress and i say we're going to get it done, we're going to get it done? and the answer is always the same, oh, yes, we must get it done because we don't want a big tax increase. you know, it's getting close to the deadli

. >> i want you to listen to the senate majority leader, john thune, on what he believes this bill will do for the country. >> mr. president, we have before us today a once in a generation opportunity to deliver legislation to create a safer, stronger and more prosperous america with one bill, we can deliver on a number of priorities tax relief for hardworking americans, economic growth, a stronger national defense, a more secure border, a more reliable energy supply. >> who wouldn't want all of that? the problem is, many republicans don't share that opinion. in fact, the divide within the gop seems to be between those who believe this bill does not cut enough and those who believe it cuts too much. and that has a unique consequence for the negotiations here, because trying to appease one side seems to leave the other side unhappy. it creates more problems. >> that's right. that's the dynamic that we saw playing out that senate majority leader john thune is going to have to try to thread the needle on. it's a similar dynamic again, over in the house for speaker mike johnson, you have the rand paul, the ron johns

mr. waters and gutfeld. >> i saw senator. >> thune at the gym.. and you look at schumer. >> he's built like a woman. >> now. men do not want to be led. >> by the. >> party of women. at worst, a. >> guy gets sent to a country he doesn't want to go to. you know what? i can live with that. >> into a prison camp. >> not just out. >> you know? >> that's a pretty popular show on a pretty popular network. >> it is, nicole. but we're better than that. look, i come from that world. i come from the right wing media world, and that does sell. but that doesn't sell to most americans. the problem is we need a big tent. the problem is maga and trump's base, i think, are bigger than most democrats even realize. and so we do need a big tent to defeat it. we do need progressives and moderates and conservatives to lock arms at this time. nicole, we're not always going to agree on every single issue. you know my journey. my god, i've spent the past 6 to 7 years listening to people who disagreed with me, and i've learned a lot and changed on a number of positions. b

mr. chairman. want to apologize initially for being late for the hearing. we had a bipartisan briefing this morning centers of thunend schumer sponsored to discuss the horrific assassination of elected officials in minnesota over the weekend. and also the experience of a member of this subcommittee, senator padilla in los angeles last friday. it was a sobering presentation on the question of the assassination and the vulnerability of many people in public life today. i would say that it calls for action and this it committees going to be at the heart of it. we'll responsible for oversight for the department of justice, the department of homeland security and i believe we will be called on to consider legislation on the subject in a very timely fashion. that is the reason i was late it is certainly no disrespect for the important topic we are discussing. the amount of fraud perpetrated against older americans is overwhelming. according to the fbi people ages 60 and older reported 4.9 billion that is a billion stolen through fraud with an average loss of $83000 last year. up 43% from the previous year. elder fraud is

mr. musk is a very smart man and i value his opinion and he is certainly entitled to it. >> dana: senate majority leader john thunere live. ukraine pulled off simple by strategic attacks inside russia territory over the weekend. are they closer to a permanent cease-fire? >> ukrainians are very advanced in what they are doing. it just shows that just with a little bit of help the ukrainians can make vladimir putin pay for his aggression. >> bill: 9:3two in new york. let's get to the story of the day. elon musk taking a big swipe at president trump's big, beautiful bill only days after promising to stay close to him as a friend and advisor. senate majority leader john thune is with us. good morning. thank you for your time. still waiting for maybe a truth social to come from the white house. it has not come directly yet to that response from elon musk but we'll wait. sir, here is part of what musk said online. he said this massive outrageous pork filled bill is a disgusting a bomination. >> everyone will come to different conclusions. a lot of people are making evaluations of the bill based upon a static scoring mod

wouldn't have to call up mike johnson and thune and say fellas, you have to pull this off and after years we get it done. i'm not a king, no, i'm not. reporter: mr. president, you made a lengthy posting on truth social about rand paul, do you expect to see him at the picnic? pres. trump: i look forward to seeing him. he's the hardest vote in the history of the u.s. senate to get. probably won't get him but he's a very tough vote. always been a friend of mine. i endorsed him and got him elected twice. but i don't think he understands how great this bill is. it's a great bill. no tax on tips, no tax on social security payments. in tax on overtime. you work overtime, it's no more tax. those are big but they're minor compared to the big things. taxes reduced. if it doesn't get approved, a 68% tax increase. 68%, including the fact the trump tax cuts kick in. it's a 68% tax increase and many other bad things. some of them are so bad i don't want to talk about them. it's one of the greatest bills we'll ever pass in this country. and i think leader thune -- this gentleman here. we started off with a majority of one and now we have seven. it's, like, eas

mr. chairman, i want to apologize for being late for the hearing. we had a briefing, bipartisan briefing this morning. senator thune schumer sponsorch toddies cousin the horrific assassination of elected officials in minnesota it was a sobering presentation. i would say that it calls for action and this committee is going to be at the heart of it. we are responsible for oversight for the department of justice, the department of homeland security and i believe that we will be called onto consider legislation on the subject on a very timely fashion so that is the reason i was late, it certainly is no disrespect for the important topic we are discussing, the amount of fraud perpetrated against older americans is overwhelming. according to the fbi people age 60 and older reported 4.9 billion, that's billion stolen through fraud with an average of $83,000 last year th, and infrequently goes unreported, as the chairman said, because of the victim's fear, embarrassment, or lack of resources. new technologies such as cryptocurrency idioms pose heightened risk for older mickens. we are considering cryptocurrency legislation

wouldn't have to call mike johnson and thune and say fellas, pull this off and after years get it done. we're not a king at all, thank you very much. go ahead. >> mr. president, sir, you made a lengthy posting itted on truth social about senator rand paul, do you expect to see him at the picnic tonight? >> president trump: i do, he is hardest vote in the history of the u.s. senate to get, probably won't get him, he's very tough vote. he's always been a friend of mine, i endorsed him and got him elected twice. i don't think he understands how great this bill is. this is a great bill, no tax on tips, no tax on social security payments. unbelievable, no tax on overtime, work overtime, no more tax. those are big, but minor compared to big things, taxes reduced. other side, if it doesn't get approved, 68% tax increase, including fact trump tax cuts kick in, but 68% tax increase and many other bad things, some so bad i don't want to talk about them. it is one of the greatest bills we will ever pass in this country and i think leader thune and this gentleman right here, what he's gone through on this, we started with majority of one and now i guess we ha

have to call up mike johnson and thune and say fellas, you got to pull this off and after years we get it done. we are not a king at all. thank you very much. go ahead. >> mr. president sir, you made a posting today untruth photo about senator rand paul. we you see him at the picnic tonight? mr. trump: i look forward to seeing him, i like him. he the hardest vote in the history of the usa to get. probably won't get in. but he's a very tough vote. he's always been a friend of mine. i endorsed him and got him elected. i got him elected twice. but i don't think he understands how great this bill is. this is a great bill. no tax on tips, no caps on the social security, no tax on overtime, if you worked overtime, no more taxes. those are big, but they are minor compared to the other things. taxes reduced. and let's look at the other side. if it doesn't get approved, 68% tax increase, 68%. including the fact that the trump tax cuts kick in. a 68% tax increase and many other bad things. some of them so bad i don't even want talk about the i think it's one of the greatest bills we've ever passed in this country and i think that leader thune, this gentleman right h