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Keith welcomes back macroeconomist Richard Duncan of Macro Watch to examine where mortgage rates are headed and what's driving them there.  Duncan explains how the U.S. shifted from capitalism to what he calls "creditism" after the dollar left gold in 1971, and why today's AI investment boom, rising defense spending, and a $40 trillion national debt are all pointing inflation and interest rates in the same direction.  He also makes the case for rental property on land as a long-term inflation hedge, and answers a question many have asked: if the government can print currency, why does it collect taxes?  Episode Page: GetRichEducation.com/623 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Join Mid South Home Buyers' one-time, free live webinar featuring Keith Weinhold on September 30 at GetRichEducation.com/MidSouth to learn how Memphis' economic expansion could create new real estate investment opportunities, and have your questions answered in real time. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host Keith Weinhold. You're going to get a good idea of where future mortgage rates are headed as we're talking to one of the world's most brilliant macroeconomists today. Will AI be more inflationary or deflationary? And the profundity of how we're on the brink of moving into a completely new economic system today on Get Rich Education. What if I told you that one of America's strongest cash flow real estate markets is also becoming the new brains and brawn behind AI? That city is Memphis, believe it or not. In September 30th, we're going to show you why the smart money is paying attention now, along with an investing opportunity you won't want to miss. Join me, Terry Kerr and Matthew Van Horn of Mid South Home Buyers, the largest turnkey company in Memphis with more than 6000 homes under management, for a free live webinar the likes of which I've never done before. We're going to look at what billions in new investment could mean for jobs, housing demand, neighborhood appreciation, and your portfolio. Everyone who attends live will also get exclusive access to the best deal terms Mid South has ever offered. Reserve your free seat at getricheducation.com/midsouth again. that september 30. Don't say we didn't tell you. Save your spot at getricheducation.com/midsouth.   Speaker 1  1:34   You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education.   Keith Weinhold  1:50   Welcome to GRE from Lancaster, Pennsylvania, to Lancaster, California, and across 188 nations worldwide. I'm Keith Weinhold. You're listening to Get Rich Education, and I really appreciate that you're here. Yes, those two cities, though spelled the same, are pronounced differently. Framing this entire episode today with our brilliant guest, you'll learn which direction future mortgage rates are probably going to move, and it's decidedly either going to be higher or lower. You'll get a clear answer. Now I've said that trying to predict mortgage rates definitively is foolish. We're only talking about probabilities today. Look, have you ever wondered if the government can just print its own currency? Then why do they have to collect taxes from us. We're going to get that answer today. Back in 1971, the U.S. economy left a system of capitalism, in fact, and embarked on a journey of creditism as defined by today's guest. Well, now we're about to leave creditism. You'll learn what is poised to replace it, and it is an AI-fueled answer. You know, to prep you with some context today, I've said it here before. But when you start talking about the enormity of a national economy, the words billion and trillion start to get thrown around a lot. A trillion seconds ago, you know how long ago that was. That takes you further back than the Roman Empire, because a trillion seconds is 31,700 years. Well, 31,700 years ago, that is just about as far back as when the plains of Europe were being roamed by Neanderthals. Yeah, that was a trillion seconds ago. Coming up on the show here, the man who wrote the book on the Pareto principle 30 years ago. That's the 80-20 principle, where 20% of your effort yields 80% of the results. We'll talk to him and learn how those insights can improve your life on a different upcoming episode.   Keith Weinhold  4:08   Here, the book Rich Dad Poor Dad was originally written by two authors. One of those two was Robert Kiyosaki. We had Kiyosaki on the show here with us in June, and by the way, the New York Post recently wrote an article, and they cited the Get Rich Education podcast in how Kiyosaki revealed on the show here that he is 1.2 billion dollars in debt. You can find that in the September 1st edition of the New York Post. That's the June 1st episode of the Get Rich Education podcast that they're citing. Well, a lot of people they don't know who the other author of Rich Dad Poor Dad is, but we're going to have her here with us on the show soon. So some really fascinating episodes coming up. Let's meet today's guest. Returning this week is one of the foremost macroeconomic minds in the world. He was this show's first ever guest nearly 12 years ago on episode seven. A prolific author, he publishes the popular video series Macro Watch at RichardDuncaneconomics.com, and he's really influential. For example, not long ago, he presented his economic policy proposals to congressional members of the House Ways and Means Committee. Hey, it's a warm Get Rich Education. Welcome back to the incomparable Richard Duncan.   Richard Duncan  5:39   Thank you, Keith. Thank you for having me back on.   Keith Weinhold  5:42   I don't know if you and the audience are ready for this. This is some perspective. It recently made news when the U.S. hit its national public debt milestone of $40 trillion. When Richard made his GRE debut here in November of 2014, it was $18 trillion. That national debt has more than doubled since you were first here, Richard.   Richard Duncan  6:07   That's right. The government has been playing probably the leading role in keeping the economy growing, and a couple of times since then has played the sole role in preventing a new Great Depression in the aftermath of the crisis of 2008 and during COVID, it's the massive government budget deficits, often more than a trillion dollars a year. Last couple of years, it's been 1.8 trillion dollars. That's been driving the economy, and whenever it needs some additional support, the Fed steps in and creates a few trillion dollars here and there, and combined they've been keeping the economy growing and, in fact, booming. And wealth has absolutely exploded as a result of the government spending and the Fed money creation. In 2008, the total wealth of all the Americans net worth $60 trillion. Now, it's tripled to $180 trillion. That that is a direct result of the government's intervention through budget deficits and paper money creation by the Fed.   Keith Weinhold  7:14   I will call that the world's least desirable investment portfolio minus 40 t. That is one way to think about it, but when you bring up interventionism, you know something I shared with the audience about a month ago, Richard. It is just remarkable to think about all the crises we've had just since 2020. We had COVID, we had Russia's invasion of Ukraine, we had Israel, Gaza. We had tariffs. Now we've got the war in Iran, and what is the result of all this? Largely due to government interventionism. Oh, both the stock market and real estate market in the U.S. are near all-time highs.   Richard Duncan  7:54   Who would have imagined? But things work very differently now than they did in the old days when money was backed by gold, and the Fed and the government played a much smaller role in the economy. It's a different world now. That was capitalism. This is creditism. Our new economic system is driven by credit growth, and whenever necessary, the government steps in with massive budget deficits, and the Fed steps in with massive money creation to make sure that credit keeps expanding and the economy keeps growing, because if credit doesn't keep expanding, if it even dips a little bit like it started to in 2009, then the whole bubble implodes and we repeat the 1930s Great Depression, probably followed by what happened in the 1940s.   Keith Weinhold  8:39   This is interesting. When you were first here 12 years ago. You talked about how society isn't so much capitalism that it's creditism, and you expounded on that. And before we're done, I know that we have now morphed into a new ism, post-creditism that Richard is going to share with us, it's fascinating. But Richard, since you were last here, the Iran War is new. It's been going on for over six months now. So I'd like to get your thoughts on that, and principally, if the Iran War is going to create lasting inflation or only a temporary energy spike. What are your thoughts?   Richard Duncan  9:20   Let's broaden this out. I know that your listeners are very interested in in real estate, and of course that's very impacted by interest rates. And interest rates are impacted, of course, primarily by inflation. So it is true that the Iran war is pushing up energy prices, and that's pushing up inflation. It's not just Iran alone. Before that, we had trade tariffs, and that's pushing up inflation. And on top of that, we've simultaneously got this extraordinary AI investment boom, and the investment by the hyperscalers is just mind-boggling. The four biggest hyperscalers-Amazon, Alphabet, Microsoft, and Meta-they're expected just the four of them to invest something close to $750 billion this year. 750 billion, just four of them. Now, to put that into perspective, the U.S. military, in one year, the most recent year, only spends half that much on procurement and research and development, roughly 320 billion. You've got these four hyperscalers spending twice as much as the U.S. military does on procurement and research and development. That is just hard to wrap your mind around, and of course, that's pushing up everything from the cost of memory chips to electrical equipment, the cost of electricity itself, power generation equipment, and all the kinds of materials that go into building data centers. So that's another source of inflation. And then there is this wealth effect that I just referred to a minute ago. Wealth has tripled from $60 trillion to $180 trillion since 2008. All that wealth is giving a lot of rich people a lot of money to spend on a very large scale, and that also is inflationary. So all of those things are inflationary, and none of them seem to be going away in the immediate future. Now, on top of that, the inflation is not the only thing that is affecting the interest rates. Other things are affecting the interest rates as well. For instance, the budget deficit this year looks like the U.S. budget deficit is going to be quite close to $2 trillion. So that will be $2 trillion of government borrowing, and this doesn't look like it's going to go down anytime soon either. President Trump is requesting $1.5 trillion for the total defense budget in fiscal year 2027, which starts in October. That's up from just $900 billion in fiscal year 2025, so that's a huge increase in military spending, which makes the percent-   Keith Weinhold  9:20   Increase plus, y   Richard Duncan  10:52   Going to keep growing, and that spending will be inflationary as well. But so the government is going to have to borrow, so the demand for money from the government is enormous, and as I've just mentioned, because of the AI boon, the hyperscalers and many of the other companies in the AI industry or related to the AI industry, they're also tapping the bond market on a very large scale. So demand for borrowing from these AI-related companies, the demand is pushing up interest rates. This is not directly related to inflation, so you've got a lot of demand for borrowing from the government and from the private sector related to artificial intelligence primarily. So that's on the demand side for money, and on the supply side, well, the United States is not making a lot of new friends these days. We seem to be losing friends pretty quickly, and many of the people who were very enthusiastic about buying American government bonds in the past are becoming increasingly reluctant to do so. Most of them still are. Most of them don't really have any viable options, but on the margin, there are fewer friendly buyers of our debt, and so fewer people willing to buy the debt also puts upward pressure on U.S. interest rates. So recently, the 30-year U.S. government bond hit a 19-year high at 5.33% That's a very high number, and this has spooked the Treasury Department. Treasury Secretary Besant has begun doing some very unusual things that suggest that he's very concerned. He has helped stop the yen from weakening by selling some euros that the U.S. government owned and buying yen. He did this to make the yen stronger, and this meant that Japan wouldn't have to sell its U.S. government bonds in order to have dollars to use to buy yen to make the yen stronger. So that was a strange move.   Richard Duncan  9:20   And then more recently, he's announced that the Treasury Department is going to start buying twice as many long-dated bonds as it has been doing. Each operation now, the Treasury Department has been buying $2 billion worth of bonds at the long end and financing it with short-term borrowing. So borrowing at the short end, the say two-year bonds, which have a much lower interest rate, and using that money to buy 10 or 30-year bonds that have a higher interest rate, in order to push up the bond prices and push down the bond yields at the long end, to try to hold down the 30-year bond yield and the 10-year bond yield, which of course directly affects the mortgage. This is beginning to seem like there's some degree of, well, let's call it perhaps not panic, but deep concern in the Treasury about how high interest rates in the U.S. are going, and just moving forward with this idea, all of these pressures, the inflationary pressures are not likely to go away anytime soon. The demand for borrowing is not going to go away anytime soon. So there's going to continue to be this upward pressure on interest rates. And I think ultimately, what we are going to see is another big round of quantitative easing from the Fed. The Fed is going to have to step back in and announce that it's going to create a great deal of money one more time, and use that money that it creates to buy government bonds to push up their price and to drive down their yield. And we shouldn't forget that already the Fed is currently printing, creating money. It launched a new program. What is it called? Reserve management purchases. This was a program they announced in December last year, where they were just going to create some money and inject bank reserves into the financial system, so that they could manage reserves at a good level, so everyone would have plenty of liquidity. Just since December, they have created $210 billion. This is kind of going under the radar, but $210 billion since December is not an insignificant amount of money.   Richard Duncan  14:49   If the budget deficit this year turns out to be 2 trillion, then that's financing 10% of the government's budget deficit, right? More than 10% So we've already got a significant amount of money creation by the Fed going on currently, and that's not enough to prevent the yields from moving sharply higher. So I think what we're going to get is another much bigger round of quantitative easing in the not too distant future, and that's going to have a lot of ramifications.   Keith Weinhold  17:00   That's a really interesting insight, and Richard, one word keeps popping into my head as we have this discussion. Okay, inflationary pressure correlates with higher interest rates, sure, but how much are these high bond yields, which flow right over to our mortgage rates, a result of an erosion in trust. I'm thinking about trust   Richard Duncan  17:24   to some degree, yes, but not overwhelmingly. The reality is, at the end of the day, there is a certain amount of money in the world that has to be invested somewhere, and that is the most important fact to understand. There is a pool of money; it keeps getting larger, and it has to go somewhere. And U.S. government bonds are considered the safest place for it to go. For instance, the United States has a very large trade deficit with the rest of the world. For the last two years, the current account deficit, which is more or less the trade deficit, has been 1.2 trillion dollars a year. It's easier to understand it as a trade deficit. That's been throwing off 1.2 trillion dollars into the surplus countries. The surplus countries sell things in the United States, countries like China and Vietnam and all the others. They sell things in the United States that they make at home. They get paid in dollars. They take their dollars back home to China and Vietnam and all the other countries, and what do they do with the dollars? They own dollars. They've got to do something with those dollars. They're getting 1.2 trillion more dollars every year. Now, the thing they do with it primarily is they buy treasury bonds with it, and so there is an inherent and growing demand for treasury bonds. You may be thinking, okay, they could take those dollars and they could convert them into euros. That's true, they could, but whoever they buy the euros from, they then own dollars, and they would need to buy U.S. dollar-denominated assets with them. The main driver behind the buying of Treasury bonds is just the fact that there are so many dollars in the world, an increasing amount of dollars outside the United States that need to be invested in U.S. dollar-denominated assets. People can lose confidence in "quote unquote, but what are they going to do with their dollars? It has to go somewhere, and so it ultimately ends up going round and round, and an enormous amount of it ends up in U.S. Treasury bonds, and that's not going to change so long as the U.S. has a very large trade deficit with the rest of the world. The rest of the world is going to keep accumulating dollars for that reason, and they're going to keep accumulating Treasury bonds for that reason.   Keith Weinhold  19:44   Well, what do these effects mean for real estate, Richard? I mean, which force you think will ultimately win for housing here with this increased inflationary pressure? Is it more of a damaged affordability problem, or do we see rising? Placement costs that continue to help float real estate values up.   Richard Duncan  20:05   Real estate prices, home prices, have not been performing very well over the last year to two. Pretty flat, unlike in prior years, immediately after COVID when they were booming. I suppose that's what we're going to continue to see for some time. If interest rates remain high, the affordability is not there. But if we do get this new round of quantitative easing, which I think is a real possibility, then that will effectively push down the interest rates, making home affordability better. And at the same time, by creating more money, that does push up asset prices across the board. So over the long run, I do believe that real estate is a very good investment, and also it can be a very good investment from the point of view of providing diversity in your portfolio. I'd like to focus in particular on it can be an inflation hedge. So, if you buy a house and use a say a 30-year fixed mortgage, and then we or a 15-year fixed mortgage to pay for a significant part of that purchase, and then we do get inflation, then the inflation eats away your mortgage. Your mortgage evaporates because of the inflation, so in that way you're somewhat protected from the risk of future inflation by having inflation destroys your debt. In other words, so that helps. So I do believe that buying houses, I think rental income is a very good investment, particularly houses on a piece of land buy the house with a fixed rate mortgage. You rent out the house, and over 10 to 15 years, the house pays for itself, and it keeps appreciating in value over time. Decade after decade, it will become increasingly valuable over the long run, and you'll have also a supply cash flow, and you'll have this inflation hedge that I just described. So I think owning rental property that is on land, I'm not so keen on buying condos. There's no limit as to how many condos can be built in the air, but there is a limited amount of land in the world, and so land is as good as gold because if gold goes up; the land will also go up for the same reasons. So I think owning rental property is a very important part of having a broadly diversified portfolio, which is usually the best thing for most people to do to have a broadly diversified investment portfolio.    Keith Weinhold  22:37   Yeah, in this era of both war and increased interventionism, yeah, we still have a resource here, real estate that is scarce, that is necessary, and is built with this basket of goods and commodities constituting that replacement cost.   Richard Duncan  22:53   I agree.   Keith Weinhold  22:55   Well, Richard and I have a lot more to talk about when we come back, including what phase of the economy that we're in post-creditism and a lot more. You're listening to Get Rich Education. Our guest is the publisher of Macro Watch, Richard Duncan. I'm your host, Keith Weinhold.   Keith Weinhold  23:12   What if you got your mortgage loans the same place I get mine? You sure can at Ridge Lending Group NMLS 42056. 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Every investment carries risk, and nothing is guaranteed. But with a track record of consistent, on-time investor payouts, they built real credibility. Go to freedomfamilyinvestments.com to book a clarity call, or text family 266866. That's family 266866.   Robert Helms  24:44   Hey everybody, it's Robert Helms of the Real Estate Guys Radio Program. So glad you found Keith Weinhold and Get Rich Education. Don't play your daydream.   Keith Weinhold  25:04   Welcome back to Get Rich Education. I'm your host Keith Weinhold. We're talking with Richard Duncan. Check out him and his work at RichardDuncanEconomics.com. So much interesting stuff has happened in the macroeconomic world since we last had him here with the Iran War, with the AI arms race heating up, and with hitting that milestone of $40 trillion in total public national debt. Which, by the way, that $40 trillion-that is more than the combined debt of Germany, Japan, France, Italy, the UK, and Canada. That's basically the entire rest of the G7 just to try to get your head wrapped around that $40 trillion number, and you know, Richard, when it comes to the government, their income and their expenses and their assets in their debt, some wonder, including me, if the government can just print its own currency, then why must they collect taxes from us?   Richard Duncan  26:04   Okay, well, to understand the answer to that question, it's necessary to understand that it wasn't always possible for the government to print its own currency. Up until 1968, 1971, the Fed was legally required to back the dollars it created with gold, and the United States had the obligation to allow other countries to convert the dollars they accumulated into U.S. gold. So up until then, that wasn't a possibility for the government to finance its spending by money printing. And so, over the centuries that preceded, the government would tax the people to obtain the money that it needs for spending. So imagine today: here we are. The government now is spending about $7 trillion a year, and its tax revenues are about $5 trillion a year. So if it suddenly said, "Okay, we're not going to tax anyone anymore, that would mean that people would have an extra $5 trillion to spend, and if the people started spending $5 trillion, we would have hyperinflation, because there's only a limited amount of industrial capacity in the United States, or even in the world for that matter. It couldn't absorb a $5 trillion of additional spending from households and businesses, so it's not that they can't technically create the money as much money as they want to pay for everything they want. The constraint is not money creation technically; it's the inflation that it would produce if they just stopped taxing everyone and just created money instead. So that's the reason they can't.   Keith Weinhold  27:46   Just slowly taper it away and give people some income tax relief. Why can't they do that?   Richard Duncan  27:52   Well, that's what they've been doing. Taxes are far lower now than they were under when President Reagan took office, and that's one of the reasons we have $40 trillion in debt.   Keith Weinhold  28:03   Okay, but that is how the income and expenses look on an annual basis, right, Richard? This is how I think of it. Like the United States basically has 5 trillion in annual income, much of it from personal tax collection, and 7 trillion in annual expenses. That's how we get to the annual deficit of about 2 trillion, which rolls into that $40 trillion of overall debt.   Richard Duncan  28:30   That's right. What you said is correct. But we would have much more than $5 trillion income from taxes had the government not reduced the tax rate so often and so radically, starting in the early 1980s under President Reagan, if taxes hadn't been cut so sharply, we wouldn't have a two-trillion-dollar budget deficit, $40 trillion of government debt. So they've already been tapering the amount that they tax by cutting tax rates very sharply over the last decades,   Keith Weinhold  29:02   I guess a lot of people, admittedly me included, haven't been thinking about it that way. Maybe because it's painful, and I do write checks to the IRS. But when we talk about this propensity for continued inflation, one component of this is what's happening with the AI arms race, and I know you've looked at this closely. You know, because one thing I think about is, well, wait, will the AI arms race actually be deflationary over time because it lowers production costs and makes us more efficient, or is it going to be inflationary because it requires enormous capital and electricity and infrastructure in the building of these data centers. So you know I can see it going either way with the AI arms race, inflationary or deflationary. But since you studied it a lot, including talking about it on macrowatch, tell us more about the AI arms race and what this all means, Richard.   Richard Duncan  29:59   So yes. On your point that you just made, in the short term, it looks like the AI boom is going to be inflationary. Yeah, it's driving up electricity prices, land prices, and all of the things that we discussed before. Everything that goes into making artificial intelligence intelligence, including memory chips, which drive up the cost of your iPhone and iPad. So it's inflationary in the short run, but over the long run, it could probably and probably will be quite disinflationary or even deflationary. I think that's several years away. Now, moving on to the next question, the AI arms race. I think it's very helpful to understand the world around us by putting it in the context of how our economic system has evolved since dollars ceased to be backed by gold. 1968, the Fed was no longer required to back dollars with gold. 1971, President Nixon said, "Sorry, Europe, we we said we would let you convert your dollars into gold, but we changed our mind and you can't. So after that, there was no longer any gold backing for the dollar, and here are a list of things that have happened as a result of that change. Our huge trade deficits couldn't have happened if the dollars were backed by gold. The huge budget deficits that we have couldn't have happened. The Fed couldn't have created trillions of dollars through quantitative easing. Inflation rate has fallen from the 1980s, from the the mid teens to well below the Fed's 2% inflation target for most of the last 20 years, and wealth in the United States has exploded, as I mentioned, from 60 trillion to 180 trillion. That wouldn't have happened if dollars had remained backed by gold because credit has exploded. Total debt or total credit, two sides of the same coin. Total debt in the U.S. It's government debt, household debt, corporate debt, Fannie Mae, Freddie Mac debt, all the debt. It first went through $1 trillion in 1960. Now it's 110 trillion. So 110 times increase in my lifetime in total debt. That wouldn't have happened if dollars had remained backed by gold, and because of all of that credit expansion and the massive trade deficits we had with the rest of the world through globalization occurred, and that allowed Asia to industrialize, and Asia wouldn't be industrialized as it is now. China wouldn't be an economic superpower as it is now had dollars remained backed by gold, because it wouldn't have been able to grow through export-led growth. And so, China, instead of looking like it does today, it would look like it did in 1970, basically being a very poor third world country, and globalization has pulled hundreds of millions of people out of poverty.   Richard Duncan  32:47   They would still be in poverty had dollars remained backed by gold. The Soviet Union probably would still be around because the U.S. under President Reagan wouldn't have been able to to spend so much on the military that it bankrupted the Soviet Union trying to keep up with us, and finally, China wouldn't be the national security threat that it's become now because it wouldn't have had a trade surplus and it wouldn't have had any economic growth to speak of for the last 50 years. That's the world that we're living in now. The world we live in now is the direct result of dollars no longer being backed by gold, and to understand the world around us, you have to understand that that's the starting point. Now, coming to your question, this explosion of wealth that has been created under the system that I call creditism-we did have capitalism. It was driven by saving and investment, Capital accumulation, hence capitalism and investment that drove capitalism. That's not how our system works. Our system is driven by credit creation and consumption, and more credit creation and more consumption. That's creditism. It used to be driven by private sector credit growth, but the private sector became too heavily indebted in 2008, and they blew up, and that almost resulted in the complete collapse and bankruptcy of every bank in the United States and probably most of the banks around the world as well. So the government had to step in, and since that time, it's been government borrowing primarily.   Richard Duncan  34:17   This driven creditism and kept credit expanding with the help of the Fed, so this has been the evolution of creditism and has produced extraordinary amounts of wealth. So it's had two consequences that we need to focus in on now. For one, I've mentioned already, it turned China into an economic superpower, which is now on the verge of overtaking us, not just economically, but also technologically and militarily, it's become an extreme national security threat to the United States. But the second thing that has occurred, the creation of all of this wealth has provided the funds that have allowed a. Technological revolution to occur so quickly, this AI revolution that we're now living through, that is the direct result of the ample liquidity that has been created and flowing around the world, originating largely from the Fed's printing press and the government's budget deficits. That's created trillions and trillions and trillions of dollars of wealth that wouldn't have existed otherwise, and that wealth has gone into funding this development of data centers and the technology that's created the artificial intelligence. Now we are experiencing this AI revolution, and it's become quite apparent to everyone that whoever wins the AI arms race is going to rule the world. We're on the verge of machines becoming more intelligent than humans, and then after that point, through self-training and self-improvement, going on 24 hours a day, they're going to become exponentially more intelligent than humans very quickly, so whoever wins this race is going to have dominance of every other country in the world. So, as creditism has evolved, it has created a national security threat in China and has created artificial intelligence. And as a result of the two combined, we now have this artificial intelligence arms race with the United States that must win. That's why President Trump is calling for a 1.5 trillion dollar defense budget.   Richard Duncan  36:30   So this is one of the main themes that MacroWatch has been focused on this year. I've done a series of videos on the new defense spending boom, looking in one video at the traditional titans of defense like Lockheed Martin, RTX, Boeing, in another video looking at the new up-and-coming Silicon Valley challengers in the defense industry, companies like Andrel, Palantir, and most important of all, SpaceX. This is now the driving force in the economy. the The absolute necessity of winning this AI arms race is going to require much greater government spending on the military, and it's going to require what we're seeing extraordinary amounts of money being invested in developing artificial intelligence because whoever gets there first wins, and whoever doesn't is going to be subjugated by the winner. So that's where we are. So that brings us up to we've been discussing the change from capitalism into creditism, and we've seen how creditism has evolved from being first driven by private sector credit to later being driven by government sector borrowing and spending, now leading to this AI arms race, which I think we're now moving toward a different kind of economic system beyond creditism. So let me back up just a minute and say that economic systems are best defined by the constraints that limit what they can do. So we've been talking about capitalism. Capitalism's main constraint was the requirement that money be backed by gold, and when that constraint, when that gold-backed money constraint was removed, the constraint was gone. The economic system evolved into a different kind of economic system. Creditism has created extraordinary amounts of wealth and growth since early 1970s. This is not the first time economic systems have evolved. If you look back through history, there have been many different kinds of economic systems. They've all been defined by the constraints that binded what they could do. If you go back to hunter-gatherer economic system, that economic system was constrained because the people didn't have tools for cultivation or any way to store the food that they created for long-term storage, but once they developed that those tools and the ability to store food, those constraints were removed and they evolved into a different kind of economic system. Ultimately, into feudalism. Feudalism was an economic system that was constrained by very poor roads, so there was very little transportation. There were no banks, so no banking system or credit, and there was very limited legal social mobility.   Richard Duncan  39:28   But eventually, cities developed, and because of cities, trade flourished, and that removed the constraints that had defined feudalism. Okay, so fast forward, capitalism was constrained by gold-backed money. When gold was removed, we moved into creditism. Now here we are in creditism, late-stage creditism, and we're seeing this phenomenal expansion of artificial intelligence. So every economic system throughout history has. Had two constraints in common. There have been labor constraints, a limited labor supply, and there has been the constraint of limited human intelligence. We're now, thanks to artificial intelligence, on the verge of removing those two constraints that have limited every economic system up until today, when artificial intelligence is embedded in humanoid robots, that's going to remove the labor constraint. We will no longer have any labor constraint. Robots will be able to produce all the labor and then some that's required. So there goes the labor constraint, and when we hit superintelligence, that's going to remove the constraint of human intelligence that has bound economic systems. So those have been the two primary binding constraints on every economic system so far, and they're just now about to be removed by artificial intelligence. We're moving into a new era without intelligence constraints and without labor constraints, and this is going to radically change everything. When those constraints are removed, creditism is going to evolve into an economic system that's no longer driven by credit creation. It's going to be driven by intelligence creation, knowledge creation, or an explosion of cognition. So I call the new system that we're moving toward cognitism, because rather than being driven by credit as creditism is, it's going to be driven by exponential expansion of intelligence or cognition, and it's probably going to create undreamt of wealth, but it's going to completely change from bottom to top everything about the world and society and social relations that exist today, and that is what we're very quickly moving into over the next 10 to 20 years. That that's where we're going to go, and I believe it deserves a new name. So I've coined the term cognitism to describe this new economic system. The post-creditism world is cognitivism.   Keith Weinhold  42:12   Wow, this is massive. Ever since we met, you talked about creditism, and really, that's the economic system that we live in, not capitalism, so we're on the brink again of moving from creditism into cognitivism, because oftentimes these forces and their change are defined by having the constraints removed, and we're on the brink of removing the labor constraint and the human intelligence restraint from creditism to move us into cognitivism over the next 10 or 20 years. I'm just reviewing what you said as I'm thinking this through, Richard. Talk to us at least a little about what the ramifications are for us, just everyday people and investors with this cognitimism economic system.   Richard Duncan  43:02   It's very difficult to guess what the consequences are going to be. They're going to be not only economic, but they're going to very quickly become political, and the political consequences are difficult to guess how they will play out. But it does look like when robots can do all the manual labor, and machines can do all of the intellectual work on a much more accurately, much more rapidly, much more flawlessly than humans can. There won't be any need for humans to have work unless legislation is in place to ensure that they do, and if they don't have work, then they're going to not have any income. And if they don't have any income, they're going to start being very unhappy, and they're going to start rioting, and governments are going to begin to fall, and we don't know how that's going to play out. So there's going to have to be arrangements made to ensure that people do have enough income to benefit from all of the extraordinary wealth that could be created through limitless labor and limitless intelligence, but to work in a way that can satisfy our wildest dreams and beyond our wildest dreams is going to be a matter of restructuring the political economy, if you will, to ensure that people benefit from this technological revolution that is now speeding up.   Keith Weinhold  44:30   Yeah, I would say all we do know is we don't know and how it's going to turn out. But you know whether it's been tractors replacing horses or whether it's been the advent of the assembly line, or whether it's been the advent of the internet, people always say it's going to destroy net jobs, and historically, it really hasn't.   Richard Duncan  44:53   You're right, but the replacement of horses with automobiles didn't really work out so well for the horses.   Keith Weinhold  45:00   So, is there any way we can think about this in order to stay nimble as investors and everyday people, Richard? As we move into cognitism.   Richard Duncan  45:10   Absolutely, everyone needs to subscribe to Macro Watch, and they'll be able to follow it very closely there as I map it out as it unfolds from month to month.   Keith Weinhold  45:22   They should, and it's fascinating, and you've really been on the cutting edge of that. Tell us more about subscribing to Macro Watch, something that a lot of listeners should be interested in.   Richard Duncan  45:33   So my background is has been in finance. I started working in Hong Kong in 1986 as a securities analyst, I later on became an economist and then a strategist. I worked for the World Bank for a couple of years in Washington. I was the head of global investment strategy in London for ABN AMRO Asset Management. So my background is in finance, and I have spent most of my career living in Asia for the last 40 years, primarily in Asia. Along the way, I've written four books. The first one was the Dollar Crisis back in 2003. The most recent one was The Money Revolution in 2023. So my background is in finance. But 13 years ago, I launched Macro Watch. Macro Watch is a video newsletter. Every couple of weeks, I upload a new video. It's essentially me making a PowerPoint presentation discussing something important happening in the global economy and how that's likely to impact asset prices. So it's essentially become a compendium of the global economy. Essentially, everything that has happened in the last 13 years at the macro level that matters is discussed in these macro watch videos. For instance, there is a complete history of everything the Federal Reserve has done since it was founded in 1913. There is a complete description of government debt from the beginning, the increase in government debt and budget deficits. It explains things like how the Fed actually creates money, what are bank reserves, what is Japanese monetary policy, what is European monetary policy. All the major macroeconomic developments are described there and are available to subscribers every two weeks. They upload a new video, and so if your listeners would like to check it out, my website is richarddunkeneconomics.com. That's richarduneconomics.com, and if they'd like to subscribe, hit the subscribe button. And I'd like to offer everyone a 50% subscription discount.   Keith Weinhold  47:36   Thank you.   Richard Duncan  47:36   They'll be prompted to put in a discount coupon code if they use the discount code GRE, like Get Rich Education, they can subscribe at a 50% discount. They'll find it very affordable, and at the very least, they can sign up for my free blog while they're there, and they can follow my work that way.    Keith Weinhold  47:57   It is fascinating the AI arms race poised to have us completely change economic systems from criticism to cognitism. Richard, is there any last thing that you would like to leave us with? Whether it has something else to do with AI, maybe I didn't think about asking you, or something with the Iran war and the inflation, or anything else in the economy. Any last thought for what we should do or be aware of?   Richard Duncan  48:24   One thing, of course, I think is very important is for everyone to learn to use AI as much as they possibly can. It's easy to use, and it will teach you how to use it. And as we evolve into this new world is going to be crucial to make use of this most important tool humanity has ever had-the ability to use AI. This suddenly gives you access to all the world's knowledge. All you have to do is ask, and it will tell you in a very friendly way. So, by being able to use AI, you'll be in a much better position to survive the transition and prosper in the decade ahead.   Keith Weinhold  49:09   That is an actionable way to stay on top of it, Richard. It's been valuable as always. Thanks so much for coming back onto the show.   Richard Duncan  49:16   Thank you, Keith. I've enjoyed it.   Keith Weinhold  49:24   Yeah, keen insights from Richard as always. Yeah, the U.S. sure has been making enemies the past couple years. That could make other nations less likely to buy our debt, and then in turn, it takes higher interest rates in order to attract bond buyers. Well, that in turn increases mortgage rates. But to some extent, other nations have to buy our debt. Richard says that a bigger round of future QE is a distinct possibility. That is code for money printing. That's clearly. Inflationary, but few seem to know we've already been involved in liquidity operations since last December. Whether that's called QE or something else, it is taking more government spending to keep up with the AI race. That's inflationary too. What about that? When horses were replaced with cars. How did it work out for the horse? I don't know if that made it better or worse for the horse. Maybe horses were out of work, but then they got to live free. Will AI make that very predicament apply to humans? Nobody knows. The economic system will have moved from creditism to cognitism when the economy is no longer driven by credit creation but intelligence creation, from RichardDuncanEconomics.com, you can hit the subscribe to MacroWatch button and enter the discount code GRE for a 50% discount. Just about everything that you heard today is poised to drive mortgage rates higher, not lower. Big thanks to Macro Watch Mastermind Richard Duncan today. Next week it's a more real estate centered show. I'm your host Keith Weinhold. Don't quit your daydream.   Speaker 2  51:21   Nothing on this show should be considered specific, personal, or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Keith Weinhold  51:49   The preceding program was brought to you by your home for wealth building, getricheduceducation.com  

Crypto News: White House Crypto Director Patrick Witt is bullish on the Clarity Act passing. Coinbase CEO Brian Armstrong says the Clarity Act bill is close to the finish line. U.S. House Ways and Means Committee schedules Sept. 16 markup for crypto tax rules. Clearpool proposes migrating to the XRP Ledger and building institutional credit products using XRPL's upcoming lending standards.

In this episode of John Solomon Reports, we dive into the significant political developments shaping the landscape as we approach the 2026 election. Host John Solomon discusses the recent passage of a crucial spending bill by Republicans, which averts a government shutdown ahead of election day. He also highlights a pivotal vote where two Democrats crossed party lines to denounce socialism, a decision that could have far-reaching implications in upcoming campaign ads.The episode covers international relations as Mark Carney's comments on the U.S.-Canada dynamic raise eyebrows, suggesting a game of chicken that Canada may not win. Additionally, Solomon addresses the troubling case of American journalist Thomas Pawkins, sentenced for acting as an unregistered agent for China, underscoring the complexities of foreign influence in journalism.Joining the show is House Ways and Means Committee Chairman Jason Smith, who sheds light on the abuses within nonprofits that masquerade as charitable organizations while engaging in political activities. Smith's insights are critical as accountability in Washington becomes increasingly necessary.Next, Todd Ricketts, co-owner of the Chicago Cubs, joins to discuss his new venture in creating a search engine and the concerns he has about the current digital landscape. This fascinating conversation promises to reveal the intersection of business and technology.Finally, Dr. Chad Walding returns for a weekly health update, focusing on hydration—an essential aspect of health, especially for those dealing with kidney issues. Solomon shares his personal journey with hydration and the benefits of NativePath's hydration products, emphasizing the importance of cellular hydration for overall well-being.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ten years ago, then-Speaker Paul Ryan and Ways and Means Chairman Kevin Brady released the "Better Way" Tax Plan — the blueprint that would eventually become the Tax Cuts and Jobs Act of 2017. In this special anniversary episode of The Deduction, hosts Erica York and Kyle Hulehan sit down with the plan's original architects to talk through how it came together, the bold bets they made (and the ones that didn't pan out, like the border adjustment tax), what a decade of hindsight reveals about its economic impact, and where tax reform goes from here.GUESTSPaul Ryan — Former Speaker of the U.S. House of Representatives; former Chairman, House Ways and Means CommitteeKevin Brady — Former Chairman, House Ways and Means CommitteeHOSTSErica York & Kyle Hulehan, Tax FoundationTIMESTAMPS0:00 – Cold Open: The Walgreens Story0:35 – Welcome to The Deduction1:19 – How the Better Way Tax Plan Began3:12 – Becoming Speaker and Ways & Means Chair4:57 – Why They Decided to "Go Bold"6:18 – The Vision: Ending Corporate Inversions7:33 – Destination-Based Cash Flow Tax & Border Adjustment9:58 – Designing a Tax Code Built for Growth10:53 – The 2019 Results: Wages, Poverty & Inequality14:01 – Why Border Adjustment Didn't Survive Politically19:37 – The Corporate Rate as the "Crown Jewel"22:14 – Stopping the Inversion Wave23:36 – What's the Next Motivator for Tax Reform?25:22 – Kevin's Wishlist: What They'd Still Change27:21 – House vs. Senate: What Got Left on the Table28:57 – Revenue Neutrality and the National Debt30:38 – Winning Over Industry: Building Trust32:10 – The Case for Entitlement Reform34:07 – Fixing a Broken Budget Process38:23 – Final Thoughts: Why Think Tanks Matter39:51 – The Tax Foundation's Role Then and NowSubscribe to The Deduction for more conversations on tax policy and economics.Learn more at TaxFoundation.orgSupport the showFollow us!https://twitter.com/TaxFoundationhttps://twitter.com/deductionpodSupport the show

Ten years ago, then-Speaker Paul Ryan and Ways and Means Chairman Kevin Brady released the "Better Way" Tax Plan — the blueprint that would eventually become the Tax Cuts and Jobs Act of 2017. In this special anniversary episode of The Deduction, hosts Erica York and Kyle Hulehan sit down with the plan's original architects to talk through how it came together, the bold bets they made (and the ones that didn't pan out, like the border adjustment tax), what a decade of hindsight reveals about its economic impact, and where tax reform goes from here.GUESTSPaul Ryan — Former Speaker of the U.S. House of Representatives; former Chairman, House Ways and Means CommitteeKevin Brady — Former Chairman, House Ways and Means CommitteeHOSTSErica York & Kyle Hulehan, Tax FoundationTIMESTAMPS0:00 – Cold Open: The Walgreens Story0:35 – Welcome to The Deduction1:19 – How the Better Way Tax Plan Began3:12 – Becoming Speaker and Ways & Means Chair4:57 – Why They Decided to "Go Bold"6:18 – The Vision: Ending Corporate Inversions7:33 – Destination-Based Cash Flow Tax & Border Adjustment9:58 – Designing a Tax Code Built for Growth10:53 – The 2019 Results: Wages, Poverty & Inequality14:01 – Why Border Adjustment Didn't Survive Politically19:37 – The Corporate Rate as the "Crown Jewel"22:14 – Stopping the Inversion Wave23:36 – What's the Next Motivator for Tax Reform?25:22 – Kevin's Wishlist: What They'd Still Change27:21 – House vs. Senate: What Got Left on the Table28:57 – Revenue Neutrality and the National Debt30:38 – Winning Over Industry: Building Trust32:10 – The Case for Entitlement Reform34:07 – Fixing a Broken Budget Process38:23 – Final Thoughts: Why Think Tanks Matter39:51 – The Tax Foundation's Role Then and NowSubscribe to The Deduction for more conversations on tax policy and economics.Learn more at TaxFoundation.orgSupport the showFollow us!https://twitter.com/TaxFoundationhttps://twitter.com/deductionpodSupport the show

It's Hump Day at The Majority Report On today's program: There was good news and bad news from last night's primary elections in Florida. The bad news is Oliver Larkin and Elijah Manley will not be advancing to the general election after losing to establishment Democrats in Jared Moskowitz and Debbie Wasserman Schultz. The good news is that Angie Nixon trounced her opponent in the primary for Senate setting up a race against GOP incumbent Ashley Moody.   Angie Nixon gives an inspirational and emotional victory speech from her HQ in Duval County, Florida. We take a look back at when then State Rep. Nixon proposed a State House Resolution to call for an immediate ceasefire in Gaza back in November of 2023. Karen Attiah, journalist and publisher of the Golden Hour newsletter on Substack, joins to discuss her piece, "Jason Arday's Death and the Age of digital Racial Terror". Rania Khalek, journalist and host of Dispatches on BreakThrough News discussing the GOP-led House Ways and Means Committee issuing a subpoena to BreakThrough News. In the Fun Half Gary, Indiana has been without power for 8 days following tornados and FEMA has not lifted a finger to help. Further reporting on Trump obsessed aide, Natalie Harp, once climbed into a SUV trunk after being denied a seat in the president motorcade. Protestors dress as Gandalf the Grey and demonstrate in front of Peter Thiel's mansion in Argentina. Amazon is destroying rare books as a part of their AI training process. A former Biden staffer goes on a racist rant about 9/11 after a C-SPAN caller asks how he can call himself a Democrat when he is campaigning against Abdul El-Sayed. all that and more. To connect and organize with your local ICE rapid response team visit ICERRT.com The Congress switchboard number is (202) 224-3121. You can use this number to connect with either the U.S. Senate or the House of Representatives. Follow us on TikTok here: https://www.tiktok.com/@majorityreportfm Check us out on Twitch here: https://www.twitch.tv/themajorityreport Find our Rumble stream here: https://rumble.com/user/majorityreport Check out our alt YouTube channel here: https://www.youtube.com/majorityreportlive Gift a Majority Report subscription here: https://fans.fm/majority/gift Subscribe to the AM Quickie newsletter here: https://am-quickie.ghost.io/ Join the Majority Report Discord! https://majoritydiscord.com/ Get all your MR merch at our store: https://shop.majorityreportradio.com/ Get the free Majority Report App!: https://majority.fm/app Go to https://JustCoffee.coop and use coupon code majority to get 10% off your purchase Check out today's sponsors: ONESKIN: Get 15% off OneSkin with the code MAJORITY at https://www.oneskin.co/majority FUTURE HINDSIGHT: Search for Future Hindsight wherever you get podcasts. SUNSET LAKE CBD: Use coupon code "Left Is Best" (all one word) for 20% off of your entire order at SunsetLakeCBD.com. Please fill out this form to request Bryan to come to your town to do stand-up comedy @SamSeder @EmmaVigeland @MattLech On Instagram: @MrBryanVokey Check out Matt's show, Left Reckoning, on YouTube, and subscribe on Patreon! https://www.patreon.com/leftreckoning Check out Matt Binder's YouTube channel: https://www.youtube.com/mattbinder Subscribe to Brandon's YouTube channel: https://ww.youtube.com/Th3Discourse Check out Ava Raiza's music here: https:/www.youtube.com/@avaraiza

A congressman from southern Missouri is the powerful chair of the U.S. House Ways and Means committee in Washington. U.S. Rep. Jason Smith (R-Salem) joined 939 the Eagle's "Wake Up Misssouri" live this morning from his southeast Missouri district, telling listeners that he's thrilled to be speaking to constituents and hearing their concerns. Congressman Smith says he's hearing a lot from voters about affordability and says the cost of fuel, food and fertilizer is a big deal in his southeast Missouri district. He believes the federal tax cuts will help and also blasts the DSA, telling listeners that they want to defund the police. Congressman Smith also discussed Medicare fraud and says Congress found $60-billion in Medicare fraud:

A congressman from southern Missouri is the powerful chair of the U.S. House Ways and Means committee in Washington. U.S. Rep. Jason Smith (R-Salem) joined 939 the Eagle's "Wake Up Misssouri" live this morning from his southeast Missouri district, telling listeners that he's thrilled to be speaking to constituents and hearing their concerns. Congressman Smith says he's hearing a lot from voters about affordability and says the cost of fuel, food and fertilizer is a big deal in his southeast Missouri district. He believes the federal tax cuts will help and also blasts the DSA, telling listeners that they want to defund the police. Congressman Smith also discussed Medicare fraud and says Congress found $60-billion in Medicare fraud:

Welcome back to another edition of NCSEA On Location.  Tim Lightner (Courtland Consulting) is joined today by NCSEA President Connie Chesnik (Administrator, Division of Family and Economic Security at the Wisconsin Department of Children and Families), along with Past-Presidents Charles Smith (Vice President of Business Development atGreenCourt Legal Technologies in Texas) and Jim Fleming (Director, Child Support Section at the North Dakota Department of Health and Human Services). Together, we are diving into the landmark April 1st Child Support Briefingsheld for House Ways & Means and Senate Finance committee staffers in Washington, D.C. Stay tuned as they discuss the months of planning behind the event, the key legislative priorities presented, and our guests' key takeaways from reading the room.  To become an NCSEA individual member, visit Individual Membership | NCSEA,If you are an NCSEA member, you can view the NCSEA legislative proposals at Legislative-Update.June-2026.pdf.

August 10th, 2022 In the Hot Notes: the FBI has executed a search warrant on sitting member of congress Scott Perry; the Mar-a-Lago search appears to have been focused on whether Trump and his aides withheld items; a court has ruled that the House Ways and Means Committee can obtain Trump's taxes; Doug Mastriano left his 1/6 committee deposition after his demands weren't met; plus Allison and Dana deliver your Good News. Reminder - you can see the pod pics if you become a Patron. The good news pics are at the bottom of the show notes of each Patreon episode! That's just one of the perks of subscribing! patreon.com/muellershewrote Listener Survey:http://survey.podtrac.com/start-survey.aspx?pubid=BffJOlI7qQcF&ver=shortFollow the Podcast on Apple:https://apple.co/3XNx7ckWant to support the show and get it ad-free and early?https://patreon.com/thedailybeanshttps://dailybeans.supercast.com/https://apple.co/3UKzKt0 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this bonus episode, Rep. Greg Murphy joins National Journal senior Washington correspondent Nancy Vu to discuss the healthcare, tax, and trade provisions of the One Big Beautiful Bill, the reconciliation process, and the work of the House Ways and Means Committee. Subscribe to Hotline: https://hub.nationaljournal.com/hotline-subscribe Sign up for upcoming webinars: https://www.nationaljournal.com/events/membership

“It's kind of in the DNA of American bourgeois capitalist politics: demonize your enemy, call them a communist, and that's the end of the story. But there's another element, which is the Republican Party, the MAGA project, Project 2025 — the Trump White House is failing.” The House Ways and Means Committee has sent a subpoena to BreakThrough News, demanding internal communications, financial records and more. We are not charged with any crime, because our only “crime” has been to tell the truth – about the Palestine solidarity movement, about ICE's terror in our streets, about Washington's crimes around the world, from Cuba to the Congo. This is a flagrant abuse of power, and a direct attack on our work as journalists and on the First Amendment.The State Department's dangerous “Cuba report” released Monday – blasting Havana as the global center of a sinister anti-American communist plot by Russia, China, Iran, North Korea– is just the latest step in the Trump administration's McCarthyist revival. But attacks on the left didn't start with Trump: Brian Becker, host of the Socialist Program, joins BT Live to discuss how this latest crackdown on free speech is rooted in US history: From the Palmer Raids to COINTELPRO, every time a mass movement for a more just world starts to gain real traction, the state reaches for the same playbook.DONATE / SIGN THE PETITION: https://breakthroughnews.org/bt-under-attack

Can Speaker Mike Johnson break up the logjam on the House floor? A potential floor vote could highlight House Democrats' divisions over Israel aid. House Ways and Means members ponder athletics and taxes. Kristina Karisch has your CQ Morning Briefing for Wednesday, July 1, 2026.

Chairman Jason Smith's story is not the one most people expect to hear from one of the most powerful figures in Washington.Raised in a single wide trailer in rural Missouri, Jason became the first person in his family to graduate from college before eventually becoming Chairman of the House Ways and Means Committee, the oldest and arguably most influential committee in Congress. In this conversation, he sits down with Savannah to talk about the path that took him from working at Walmart and paying his own way through school to helping shape major legislation that impacts millions of Americans.Jason breaks down the policies behind the One Big Beautiful Bill, including no tax on tips, no tax on overtime, child tax credits, Trump Investment Accounts, and what he believes these changes mean for working families across the country. He also explains why he spent years traveling the country listening to farmers, small business owners, factory workers, and everyday Americans before putting pen to paper.Beyond tax policy, the conversation turns to foster care reform, prison reform, health care, AI, energy policy, and the challenges facing the next generation. Jason shares why his upbringing still guides every decision he makes and why he believes public service should always start with the people you represent.Whether you follow politics closely or just want to understand how decisions in Washington affect your daily life, this is a conversation about opportunity, perseverance, and what it means to never forget where you came from.Thank you to our sponsors for supporting our show!- Quince: Step into the holiday season with layers made to feel good, look polished, and last—with Quince. Go to https://www.Quince.com/unlocked for 365-day returns, plus free shipping on your order.- Progressive: Join the over 28 million drivers who trust Progressive. Visit us at https://www.progressive.com! Thank you to Progressive for sponsoring the show! (Restrictions apply. Not available in all states and situations.)- GoodGirlRX: Visit https://www.goodgirlrx.com and use code UNLOCKED15 to get 15% OFF at checkout!LET'S BE SOCIAL:Follow Savannah Chrisley:Insta: (https://www.instagram.com/SavannahChrisley)TikTok: (https://www.tiktok.com/@SavannahChrisley)X: (https://www.x.com/_itssavannah_)Chairman Jason Smith:Website: (https://www.jasonsmith.house.gov/)Insta: (https://www.instagram.com/waysandmeansgop/)YouTube: (https://www.youtube.com/user/RepJasonSmithFaceBook: (https://www.facebook.com/repjasonsmith)X: (https://www.x.com/RepJasonSmith)Follow The Unlocked Podcast:Insta: (https://www.instagram.com/UnlockedWithSavannah)TikTok: (https://www.tiktok.com/@UnlockedWithSav)See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Chairman Jason Smith of the House Ways and Means Committee joins the Try That In A Small Town podcast from CMA Fest in Nashville. He breaks down what the powerful Ways and Means Committee actually does and how it touches every American's life through taxes, trade, Social Security, Medicare, and more. Jason opens up about his small-town Missouri roots, being a fourth-generation farmer, raising white buffalo, and why he still lives in the same rural community he represents. He explains how he took the Ways and Means Committee on the road to 32 states to listen to working families, small businesses, and farmers before writing what he calls the “Big Beautiful Bill” – the largest tax cut in U.S. history, including no tax on tips and overtime. The conversation gets candid on Social Security's future, election integrity and slow vote counts in places like California, and what happens when people lose trust in the system. Jason also shares behind-the-scenes stories of working closely with President Trump – from grilling him for three hours on every line of a 103-title tax bill in the Oval Office to the now-famous “red button” that just orders Diet Coke. Along the way, they talk CMA Fest, Jason's obsession with Reba, the Chiefs, Mahomes vs. Brady, cleaning up Washington, D.C., and why he believes the founding fathers' values are really small-town values. Jason closes with a powerful story of a single mom whose $10,000 tax refund changed her life – and why that's why he still fights for small towns and working families. Timed highlights 2:00 Who is Chairman Jason Smith and what is the Ways and Means Committee? 5:13 CMA Fest, first concerts, and Jason's country music roots 7:11 The Ozarks, one of America's poorest districts, and small-town values 8:14 Reba superfan stories and being starstruck in DC 10:02 How the guys first met Jason at the South Dakota Governor's Hunt 11:49 Nashville's Bluebird Café, songwriting, and music in DC 13:06 Jason's priorities: working families, small businesses, and farmers 14:19 White buffalo, donkeys named Bill, Hillary, Chelsea, and Hunter 15:29 Growing up poor in a trailer, farm life, and why that shapes his politics 19:15 Taking Ways and Means to 32 states and writing the “Big Beautiful Bill” 20:20 No tax on tips, no tax on overtime, and tax ideas from real Americans 22:06 Social Security history, FDR, and why both parties will keep it 23:35 Will Social Security ever go away? Jason's answer and insolvency warning 26:49 How Jason became the youngest Ways and Means chair since before the Civil War 29:01 Inside the steering committee and what it takes to win the gavel 32:31 Life on call with President Trump and 5:30 a.m. texts 33:00 Three-hour Oval Office grilling on the “Big Beautiful Bill” 35:07 The Diet Coke button story and a handwritten note after Jason's dad passed 37:34 Elections, slow vote counts in California, and voter trust 40:31 Why “every vote counts”: Jason's one-vote victory story 43:03 Chiefs fandom, Mahomes vs. Brady, and elite QB mindset 48:19 How Trump cleaned up Washington, D.C. and made it feel safe again 51:39 What do you buy a president for Christmas and Trump's generosity with guests 52:14 Jason presents a Congressional Record honoring “Try That In A Small Town” 54:57 Why the song struck a nerve in small-town America 56:24 The waitress, a $10,000 refund, and how tax policy changes real lives 59:19 Jason's schedule, gym routine, and juggling DC with life back on the farm 1:01:21 Final thoughts on serving small towns and inviting listeners to DC ______________________________________________________________________________________________SPONSORS: The Try That in a Small Town Podcast is powered by e|spaces!Redefining Coworking - Exceptional Office Space for Every BusinessBook a tour today at espaces.comFrom the Patriot Mobile studios:Don't get fooled by other cellular providers pretending to share your values or have the same coverage. They don't and they can't!Go to PATRIOTMOBILE.COM/SMALLTOWN or call 972-PATRIOTRight now, get a FREE MONTH when you use the offer code SMALLTOWN.Original Brands - Our original sponsor since the beginning!!Original brands is starting a new era and American domestic premium beer, American made, American owned, Original glory.Join the movement at www.drinkoriginalbrands.comPeacemaker Coffee CompanyFounded by retired police officer/chief Chris Morris, Peacemaker delivers clean, low-acidity coffee while supporting police, firefighters, EMS, military, veterans, teachers, dispatchers, and medical personnel through donations and programs.https://www.peacemakercoffeecompany.com/________________________________________________________________________________________________Follow/Rate/Share at www.trythatinasmalltown.com -For advertising inquiries, email info@trythatinasmalltown.comProduced by Jim McCarthy and www.ItsYourShow.coSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

California Congresswoman Judy Chu (D) got into a vicious back-and-forth with Treasury Secretary Scott Bessent today during a House Ways and Means Committee hearing. In a shocking display of ignorance Congresswoman Chu didn't know who the president was during World War One. Are aliens among us? Seth certainly thinks so. We're joined by Johnny Estes, Vice President of Operations, and Shannon Estes, President of CMI Gold & Silver. Supporting Graham Platner, a candidate for Senate in Maine who has been accused of serial abuse, is untenable for rank-and-file Democrats. New polling suggests Democrats are choosing to skip celebrating Independence Day this year.See omnystudio.com/listener for privacy information.

A review of the week's major US international tax-related news. In this edition:  US Senate approves budget reconciliation 2.0 bill – US Treasury Secretary testifies before congressional tax writing committees – House Ways and Means Committee to hold hearing on digital taxation on 9 June – USTR proposes additional ad valorem tariffs on 60 US trading partners – OECD releases public consultation draft on transfer pricing intra-group services.

This week on the podcast, host Joanna Roche of the Maria Mitchell Association sits down with Heather Packard from Mass Audubon for an important conversation about the growing movement to ban anticoagulant rodenticides across Massachusetts. They discuss the devastating impact these poisons have on wildlife and ecosystems, why immediate action is needed, and how local voices can help create statewide change. Heather encourages listeners to TAKE ACTION by May 19 and call their Massachusetts state representative to ask Chair Aaron Michlewitz and the House Ways & Means Committee to strengthen Sections 74 and 75 of the Mass Ready Act by including language from H5217, which would phase out the use of anticoagulant rodenticides statewide. The goal is for each of the 160 state representatives to receive at least 10 calls from constituents because, together, communities have the power to advocate for wildlife and be the voice for the voiceless. Learn more and take action at bit.ly/CallYourMAReps.To learn more about the Maria Mitchell Association visit https://www.mariamitchell.org/. 

America has a left-wing violence problem, and the silence from the mainstream media is deafening. From three attempts on Donald Trump’s life to the targeting of Justice Kavanaugh and Steve Scalise, the pattern is undeniable. On today’s episode of The Scott Jennings Show, Scott masterfully breaks down how inflammatory rhetoric from politicians and news anchors has helped "marinate" a culture of violence on the Left. It’s time for accountability. Including interviews with Victoria Coates for a national security and Iran update Salena Zito to discuss politics and the national mood. Legal expert Elliot Williams on today's federal court appearance of the suspect in the WHCD attack Former Secret Service Deputy Director A.T. Smith on how safe are these political events? Rep. Beth Van Duyne to discuss the high-stakes work of the House Ways and Means Committee. Author of 'Rage and the Republic' Jonathan Turley Former Virginia AG Ken Cuccinelli with an update from the VA Supreme Court hearing the legality of the Democratic redistricting referendum Join Scott Jennings weekdays from 1- 3 pm ET on the Salem News Channel https://scottjenningsshow.com/ SOCIAL MEDIA

Debbie Curtis and Rodney Whitlock join Julia Grabo to discuss what their watching for as the House takes up reconciliation and hospital and health system CEOs testify in front of the House Ways and Means Committee.

A review of the week's major US international tax-related news. In this edition:  US Senate approves budget reconciliation resolution – House Ways and Means Committee addresses DSTs at trade hearing – US Treasury official discusses Pillar Two side-by-side agreement.

In this segment, Mark is joined by Jason Smith, Missouri's 8th District Congressman and the Chair of the House Ways and Means Committee. He discusses how Missourians are benefiting from historically high tax refunds, this week's Medicare fraud hearing, his work with First Lady Melania Trump on Foster Care change, the latest on the Iran Conflict and more.

In hour 1 of The Mark Reardon Show, Mark is joined by Jason Smith, Missouri's 8th District Congressman and the Chair of the House Ways and Means Committee. He discusses how Missourians are benefiting from historically high tax refunds, this week's Medicare fraud hearing, his work with First Lady Melania Trump on Foster Care change, the latest on the Iran Conflict and more. He's then joined by Nick Schroer, a Missouri State Senator. Schroer discusses the Missouri Senate advancing a $50 billion budget plan and more. In this segment, Mark is later joined by Thomas Helbig with The Retirement Advisory Group to promote the upcoming "Protecting Your Retirement" event which occurs next Tuesday at 6:30pm in Chesterfield.

In hour 1 of The Mark Reardon Show, Mark is joined by Jason Smith, Missouri's 8th District Congressman and the Chair of the House Ways and Means Committee. He discusses how Missourians are benefiting from historically high tax refunds, this week's Medicare fraud hearing, his work with First Lady Melania Trump on Foster Care change, the latest on the Iran Conflict and more. He's then joined by Nick Schroer, a Missouri State Senator. Schroer discusses the Missouri Senate advancing a $50 billion budget plan and more. In this segment, Mark is later joined by Thomas Helbig with The Retirement Advisory Group to promote the upcoming "Protecting Your Retirement" event which occurs next Tuesday at 6:30pm in Chesterfield. In hour 2, Ethan hosts, "Ethan's News" where he discusses the latest trending entertainment news, this day in history, the random fact of the day and more. Mark is then joined by Aaron Hedlund, a Member of the White House Council on Economic Advisors. He discusses Governor Kehoe's plan to replace the state personal income tax with expanded sales tax, how it will work and more. In hour 3, Mark is joined by Curtis Houck, the Managing Editor of News Busters at the Media Research Center. Houck discusses the media's coverage of the Southern Poverty Law Center's indictment, Virginia's redistricting vote and more. He is later joined by Stuart Rosenblum, the Owner of Stuart's American Mortgage. Stuey discusses what happens when you buy a house but haven't sold your current home yet and more. They wrap up the show with the Audio Cut of the Day.

In this enlightening episode of John Solomon Reports, we delve into the pivotal issues surrounding tax reform and accountability in Washington. Congresswoman Beth Van Duyne, a key figure in the House Ways and Means Committee, joins us to discuss her role in the development of the working-class families tax cut and her relentless pursuit of justice against groups that undermine American values. Van Duyne shares her insights on the challenges of revoking tax-exempt statuses for organizations that contribute to division and chaos in the country, as well as her legislative initiatives aimed at restoring integrity to the system.John Solomon reveals the latest developments in the ongoing investigation into the Ukraine impeachment whistleblowers. Following a historic criminal referral by the Director of National Intelligence, the implications for accountability in the intelligence community are profound. We explore the credibility issues surrounding the whistleblowers and the potential for significant consequences as the Justice Department investigates their actions.Mark Meadows, former White House Chief of Staff and a key player in the impeachment proceedings, shares his perspective on the events that transpired during that tumultuous time. He discusses the challenges faced by Congress in obtaining critical evidence and the impact of media narratives on the impeachment process.Finally, we hear from Commander Kirk Lippold, a distinguished former Navy officer, who provides an expert analysis of the current naval blockade and its implications for U.S.-China relations. Lippold's insights shed light on the strategic successes of the Navy and the broader geopolitical landscape.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Donald Trump announces a 10-day ceasefire between Israel & Lebanon, to pause the war between Israel & Hezbollah in Lebanon. President Trump says the next round of negotiations in the war between the U.S. & Iran could happen this weekend; House votes down by just a few votes an Iran War Powers resolution to limit the president's authority to wage war on Iran without Congressional approval; Defense Secretary Pete Hegseth compares news media criticizing the U.S. war with Iran to the Pharisees, the biblical Jewish group who criticized Jesus; House passes a bill to extend Temporary Protected Status (TPS) to Haitian immigrants living in the U.S., as the Trump Administration is looking to revoke that protection; Senate joins the House overturning a Joe Biden-era environmental regulation banning mining operations on federal land in Minnesota's Superior National Forest; Health & Human Services Secretary Robert F. Kennedy, Jr. testifies before the House Ways & Means Committee on rooting out health care spending fraud; astronauts from the Artemis II moon mission hold their first news conference since returning to Earth. Learn more about your ad choices. Visit megaphone.fm/adchoices

During a ceremonial bill signing in Columbia on Wednesday, April 15, 2026, S.C. House Ways and Means Chairman Bruce Bannister emphasized that the state's new income tax reform ensures citizens "pay no more than is absolutely necessary". The legislation, H. 4216, simplifies the state tax code by collapsing brackets into a two-rate system: a 1.99% rate for income up to $30,000 and a 5.21% top rate for income above that threshold. Bannister highlighted that the plan not only provides immediate relief—with roughly 42.8% of taxpayers seeing a reduction in liability—but also sets a legal framework to automatically phase the state income tax down toward zero as revenue triggers are met in future years.

Members of Minnesota's House of Representatives heard from a variety of business owners, think tank leaders and government officials to better understand the scope of “Operation Metro Surge” on the state's economy. State Rep. Cedrick Frazier, DFL- New Hope, is co-chair of the House Ways and Means committee, which held the hearing about the economic impact and also is the author of a bill for a $100 million economic relief program for businesses impacted by the surge. Frazier spoke to MPR News guest host Kelly Gordon about the testimony he heard this morning and his effort to bring relief for businesses.

Why are there over 400 phase three oncology programs but only one in dialysis? John Butler, who has spent over 30 years in the kidney disease space, breaks down the regulatory and reimbursement dynamics that have created a surge of innovation in rare kidney diseases while leaving dialysis patients behind, and what it would take to change that.John discusses how FDA clarity on endpoints transformed the rare kidney disease investment landscape, why the dialysis bundle makes innovation functionally impossible for providers, and how the Kidney Care Access Protection Act could be the first meaningful step toward a sustainable path for new dialysis therapies.A few of John's key takeaways:Regulatory clarity is the single biggest driver of rare kidney disease investment — FDA's work with industry to define approvable endpoints changed the entire landscapeThe dialysis bundle is structurally hostile to innovation — at $280 per session for all services, supplies, and drugs, there's no room for new therapiesThe Corsuva story is a cautionary tale — a good product at a reasonable price failed because the payment mechanism didn't workK-CAPA could change the calculus by extending the TDAPA window to three years and shifting to pay-per-use reimbursementInvestors are willing to take clinical risk, but they need a clear path to both approval and paymentFDA and CMS are generally better when they don't try to coordinate — FDA should focus on science and benefit-risk, not system costThe science is moving upstream — SGLT-2s, GLP-1s, porcine kidney transplants, and wearable kidneys all point toward a future with fewer patients on dialysisAbout John ButlerJohn Butler is President and CEO of Akebia Therapeutics, where he has led the company for over 12 years. He has worked in kidney disease since 1991, with roles at Amgen and 13 years at Genzyme leading the renal and rare disease businesses. John chaired the American Kidney Fund and Kidney Care Partners, and recently testified before the House Ways & Means health subcommittee on dialysis innovation and reimbursement reform. He holds an MBA from Baruch College's Zicklin School of Business and a BA in Chemistry from Manhattan University.About The FDA GroupThe FDA Group helps life science organizations rapidly access the industry's best consultants, contractors, and candidates. Our resources assist in every stage of the product lifecycle — from clinical development to commercialization — with a focus on staff augmentation, auditing, remediation, QMS, and other specialized project work in Quality Assurance, Regulatory Affairs, and Clinical Operations. Learn more: https://www.thefdagroup.com/

In this special Easter Sunday episode of John Solomon Reports, we celebrate the season of renewal and family as we dive into important discussions that matter to Americans. Our first guest is Chairman Jason Smith of the House Ways and Means Committee, a pivotal figure in Congress who uncovered crucial IRS whistleblower testimonies that have reshaped the Hunter Biden investigation. We explore pressing issues, including accountability for nonprofits that misuse funds to incite violence or facilitate illegal immigration.In the second segment, we welcome Dean Cain, beloved for his role as Superman, who has transitioned into an ICE agent and a champion for conservative values in Hollywood. Dean shares his journey and the exciting family-friendly projects he is working on, highlighting his commitment to principled storytelling.Finally, we shift gears to a health segment with our friends at Pure Health Research, where we discuss dietary choices, the new food pyramid, and how to maintain a healthy lifestyle. This episode is packed with insights and inspiration for a brighter, healthier future.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Hosts Tod Ibrahim and Lauren Ahearn are joined by Dr. Suzanne Watnick (ASN Health Policy Scholar) and Dr. Roz Mannon (Transplant Policy Chair) to discuss ASN's Hill Day and Dr. Watnick's House Ways & Means testimony.

Hosts Tod Ibrahim and Lauren Ahearn are joined by Dr. Suzanne Watnick (ASN Health Policy Scholar) and Dr. Roz Mannon (Transplant Policy Chair) to discuss ASN's Hill Day and Dr. Watnick's House Ways & Means testimony.

With Tax Day approaching, Sean Clerget, former chief tax counsel to the U.S. House Ways & Means Committee and a recent addition to DC Public Strategies, breaks down Washington's tax agenda. They discuss the Trump administration's policy priorities, key provisions businesses should watch, and the tax debates likely to shape the rest of 2026. Featuring Public Strategies' Howard Schweitzer (DC) and Sean Clerget (DC).

Marc Cox interviews Congressman Jason Smith, chairman of the House Ways and Means Committee, about the upcoming State of the Union, partisan divides, and the stalled SAVE Act in the Senate. Smith outlines the accomplishments of the Trump administration, criticizes Democratic tactics during past addresses, and expresses frustration over the lack of bipartisan recognition for American achievements. The conversation also touches on controversial guest invitations, ceremonial gestures in the House, and expectations for tonight's speech, highlighting the political theater surrounding major national events. Hashtags: #JasonSmith #StateOfTheUnion #SAVEAct #Congress #MarcCoxMorningShow #PartisanPolitics

Episode 430 of Boss Hog of Liberty is available now. Host voices are Jeremiah Morrell, Zach Burcham, and Bones Harcourt. The new campground near Summit Lake has been defeated, Honey Bees dominated a County Commissioner meeting. The Bears really might be moving to Indiana as the House Ways & Means Committee votes 24-0 to move them to Hammond.  Jeremiah complains about incumbents getting free billboards. We review Daytona as Presley Sorah competed in the ARCA race, and Michal Jordan's team won the 500. The Olympics are still producing great stories! Next Episode records on Thursday 2/26. Learn more about your ad choices. Visit megaphone.fm/adchoices

Casey Fields and Jake Broom discuss the House Ways and Means Committee version of the state budget, the bills to cut property taxes, the bills that would regulate data centers, and a bill that would require some cities to enter into agreements to enforce federal immigration laws.

Foreign influence in American nonprofit organizations. It's real, it has influence on our public life, and Congress has taken note of it. Joining me to discuss the influence of foreign funding of voter registration, ballot initiatives, and the rest of the American nonprofit sector are three of Capital Research Center's experts on the topic: Senior Research Analyst Robert Stilson, Investigative Researcher Parker Thayer, and last but not least President Scott Walter, who testified to the House Ways and Means Committee last week.(Congressional testimony) Foreign Influence in American Nonprofits: Unmasking Threats from Beijing and BeyondPeople's Support Foundation (PSF)Children's Investment Fund Foundation (CIFF)Hansjorg WyssThinking About Fiscal Sponsorship: The Form 990 Black HoleThinking About Fiscal Sponsorship: Potential Reforms

Hey BillOReilly.com Premium and Concierge Members, welcome to the No Spin News for Wednesday, February 11, 2026. Stand Up for Your Country.  Talking Points Memo: Democrats do not want enforcement against undocumented migrants who are not criminals. Bill exposes their false claim that only 14% of migrants in custody are violent. Rep. Kevin Hern (R-Oklahoma) enters the No Spin Zone to discuss yesterday's House Ways and Means Committee hearing on foreign money funding far-left groups and on whether the DOJ will start cracking down on these organizations. A look at CNN's response to the 2006 Trump/Epstein reveal. Are Republicans or Democrats ahead in midterm fundraising? Final Thought: Bill weighs in on the nonstop coverage of Nancy Gutherie in the press. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hey BillOReilly.com Premium and Concierge Members, welcome to the No Spin News for Tuesday, February 10, 2026. Stand Up for Your Country.  Talking Points Memo: Bill gives an overview of the groups tied to Neville Roy Singham following a hearing with the House Ways and Means Committee.  What newly released documents show about Donald Trump and the Epstein investigation in the mid-2000s. A federal judge blocks a California law mandating that ICE agents remove masks during operations. Is cutting government spending the best way to reduce debt? Bill reviews a new poll. EJ Kimball, Director of Policy at the U.S. Israel Education Association, joins the No Spin News to discuss the latest regarding Trump, Iran, and the chances of a regime change. Final Thought: Looking back at Bill's appearance on the TV show "JAG." Learn more about your ad choices. Visit megaphone.fm/adchoices

"Homeland was only for 2 weeks," says Jason Smith, Chairman of the House Ways and Means Committee. So what happens after 2 weeks to the DHS funding?

Hey BillOReilly.com Premium and Concierge Members, welcome to the No Spin News for Wednesday, January 28, 2026. Stand Up for Your Country.  Bill explains that he's making headway in talks with the FBI to figure out what's going on. Talking Points Memo: Does the mainstream media care about Alex Pretti, or are they just focused on making Trump look like a villain? Rep. Jason Smith (R-Missouri), Chairman of the House Ways and Means Committee, joins the No Spin News to expose The People's Forum for allegedly using U.S. taxpayer funds to incite violence across the country. Tricia McLaughlin, Assistant Secretary for Public Affairs at the Department of Homeland Security, weighs in on the investigation into the Pretti shooting and whether she expects Minneapolis police to step in moving forward. Bill breaks down the President's latest comments on Trump Accounts. Final Thought: A preview of tomorrow's Talking Points Memo. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Steve Gruber Show | Standing Strong While the Global Order Cracks --- 00:00 - Hour 1 Monologue 19:03 – J.D. Hayworth, spokesperson for the Pharmaceutical Reform Alliance and former U.S. Congressman (R–AZ) who served on the House Ways and Means Committee. Hayworth explains why Big Pharma raised prescription drug prices in January despite pressure from the White House. He breaks down the role of industry power, policy loopholes, and patient impact. 37:55 - Hour 2 Monologue 46:50 – Terry Wilcox, co-founder and Chief Mission Officer of Patients Rising. Wilcox discusses why President Trump's “Great Healthcare Plan” could deliver immediate benefits for patients. She explains how reforms could improve access, affordability, and transparency in healthcare. 56:54 – Casey Fleming, internationally recognized keynote speaker and author on national security, intelligence, and strategic risk. Fleming examines the threat of an Arctic tsunami and how fractured global alliances are creating opportunities for China's CCP. He also discusses the geopolitical implications surrounding Davos. 1:05:49 – Missy Malone, My Pure Health Solutions. Malone explains the Metabolism Reset and understanding your body's frequency to fix your health. Visit gruberhealth.com to book a free consultation for a natural, personalized approach that works. 1:15:51 - Hour 3 Monologue 1:24:41 – Chuck Marshall, President of ITC Michigan. Marshall outlines the Mi Future Grid initiative, including its goals and impact on Michigan's energy reliability. He explains how grid modernization fits into broader regional and national energy priorities. 1:34:32 – Congressman Jimmy Patronis, representing Florida's 1st Congressional District. Patronis discusses concerns over religious freedom following a protest that interrupted a church service in Minnesota and applauds Attorney General Pam Bondi's swift investigation. He also weighs in on President Trump's visit to Davos and its global significance. --- Visit Steve's website: https://stevegruber.com TikTok: https://www.tiktok.com/@stevegrubershow Truth: https://truthsocial.com/@stevegrubershow Gettr: https://gettr.com/user/stevegruber Facebook: https://www.facebook.com/stevegrubershow Instagram: https://www.instagram.com/stevegrubershow/ Twitter: https://twitter.com/Stevegrubershow Rumble: https://rumble.com/user/TheSteveGruberShow

Vermont's state lawmakers are back in Montpelier for the new legislative session. They'll pick up where they left off last June: trying to reform education, lower property taxes and make health care more affordable and accessible.Today on Vermont Edition, we're live from inside the golden dome of the Vermont Statehouse. First, we'll check in with legislative leaders Democratic Senate President Pro Tem Phil Baruth and Republican Minority Leader Scott Beck.We'll hear from the chairs of two powerful committees: Rep. Emilie Kornheiser, a Democrat from Brattleboro and the chair of the House Ways and Means Committee, which writes our taxes, and Rep. Alyssa Black, a Democrat from Essex, and the chair of the House Committee on Health Care. We'll also talk with Rep. Ashley Bartley, a Republican from Franklin County who has teamed up with a Burlington Democrat to address economic issues.And we'll close the hour with two of the newest members of the legislative page program: Eilidh Corbett, an eighth grader at Main Street Middle School in Montpelier, and Liam Chase, an eighth grade student at Barre Town School.Broadcast live on Tuesday, January 6th, 2025, at noon; rebroadcast at 7 p.m.Have questions, comments, or tips? Send us a message or check us out on Instagram.

Doug McHoney (PwC's International Tax Services Global Leader) is joined by Beth Bell, a principal in PwC's Washington National Tax Services Policy group. Beth previously served as a senior advisor at the U.S. Treasury Department, tax counsel for the House Ways and Means Committee, and policy director and tax counsel in the U.S. Senate. Doug and Beth discuss contrasts between Senate personal offices and House committee roles; Ways and Means' tax jurisdiction; and Beth's experience moving from Congress to Treasury. Next, they jump into how DST disputes led to Pillar One and ultimately the emergence of Pillar Two; Build Back Better legislation; the Pillar Two model rules; U.S. credit design under Pillar Two; and the new administration's response to Pillar Two. 

Steve is joined by former Congressman J.D. Hayworth (R-AZ), a former member of the House Ways and Means Committee and spokesperson for the Pharmaceutical Reform Alliance, to spotlight the real cost of prescription drugs in America. He talks about PRA's interactive installation on the National Mall in Washington, D.C., where Americans are seeing firsthand how U.S. patients often pay more than three times as much for the same medications compared to other wealthy countries. Hayworth explains why transparency, competition, and common-sense reform matter, and how PRA is collecting personal stories from everyday Americans impacted by skyrocketing drug prices, putting pressure on a system that's clearly not working for patients.

WMAL GUEST: REP. JASON SMITH (R-MO, Chairman, House Ways & Means) on GAO Report: Obamacare Subsidies Granted to 90% of Fake Accounts SOCIAL MEDIA: X.com/RepJasonSmith NEW YORK POST STORY: Obamacare Subsidies Fraud Exposed Where to find more about WMAL's morning show: Follow Podcasts on Apple Podcasts, Audible and Spotify Follow WMAL's "O'Connor and Company" on X: @WMALDC, @LarryOConnor, @JGunlock, @PatricePinkfile, and @HeatherHunterDC Facebook: WMALDC and Larry O'Connor Instagram: WMALDC Website: WMAL.com/OConnor-Company Episode: Friday, December 5, 2025 / 8 AM HourSee omnystudio.com/listener for privacy information.

The Rich Zeoli Show- Hour 4: 6:00pm- On Thursday, authorities announced charges against a 30-year-old Virginia man believed to have placed two pipe bombs at the Democratic and Republican national committees the night before the January 6th, 2021 unrest at the U.S. Capitol. During a press conference announcing the charges, Attorney General Pam Bondi revealed “search warrants are being executed, and there could be more charges to come.” She added: “Let me be clear. There was no new tip, there was no new witness—just good, diligent police work and prosecutorial work.” Initial reports suggest the suspect is an anarchist. 6:30pm- Congressman Mike Kelly— Representing Pennsylvania's 16th Congressional District & a member of the House Ways and Means Committee—joins The Rich Zeoli Show to discuss President Donald Trump ending burdensome Biden-era fuel regulations and the ongoing investigation into Butler, PA shooter Thomas Crooks.

With the government shutdown now over, the next battle in Congress is healthcare. Rising premiums, questions about extending ACA subsidies, and concerns about access and affordability are all back on the table. Missouri Congressman Jason Smith, Chairman of the House Ways and Means Committee, joins the Rundown to explain why Republicans want broader reforms beyond Obamacare exchanges, how they hope to lower costs for every American, and what policy fights may be coming as both parties head toward the 2026 midterms. After years on the front lines of major cases, a former FBI special agent says the Bureau is no longer the agency she joined. Fox News Contributor, Nicole Parker, joins the Rundown to explain why she believes the FBI has become divided, what she witnessed inside the culture of the Bureau, and why restoring trust, focus and accountability is critical for its future. Plus, commentary from FOX News Digital columnist David Marcus. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Since Democrats decided to shut down the government over Affordable Care Act subsidies, now's a good time for a deep dive into what they're even talking about. John Hopkins professor Dr. Ge Bai walks us through the ACA subsidies, the hidden mechanics behind the Affordable Care Act, and its illusion of "affordability." Dr. Bai shows us how regulations and subsidies have quietly reshaped the healthcare market - and how the free market can make it work for patients again. Ge Bai, PhD, CPA is a Professor of Accounting at Johns Hopkins Carey Business School and Professor of Health Policy & Management (joint) at Johns Hopkins Bloomberg School of Public Health. An expert on health care accounting, finance, and policy, Dr. Bai has testified before the House Ways and Means Committee and the Senate HELP Committee, written for the Wall Street Journal and the Washington Post, and published her studies in leading academic journals such as the New England Journal of Medicine, JAMA, and Health Affairs. Find her on X at @GeBaiDC and read her recent WSJ oped here: https://www.wsj.com/opinion/let-the-obamacare-enhanced-premium-subsidies-expire-16ef7e1b

Tuesday, November 1, 2022In the Hot Notes; the DoJ has charged the assailant who attempted to assassinate the Speaker of the House; Officer Harry Dunn and others testify in the Oath Keepers trial; Fascism loses in Brazil as Lula beats Bolsonaro; Senator Chris Murphy wants to investigate Saudi Arabia's role in Musk's Twitter takeover; Trump appeals to block his tax returns from being handed over to the House Ways and Means Committee; the DoJ has filed a statement of interest in the Marc Elias lawsuit against Arizona ballot drop box intimidation; plus Allison and Dana bring you your good news.More from our guest David Rothkopfhttps://twitter.com/djrothkopfAmerican Resistancehttps://www.publicaffairsbooks.com/titles/david-rothkopf/american-resistance/9781541700659/Deep State Radiohttps://thedsrnetwork.com/ Our Donation LinksNational Security Counselors - DonateMSW Media, Blue Wave California Victory Fund | ActBlueWhistleblowerAid.org/beansFederal workers - feel free to email AG at fedoath@pm.me and let me know what you're going to do, or just vent. I'm always here to listen. Find Upcoming Actions 50501 Movement, No Kings.org, Indivisible.orgDr. Allison Gill - Substack, BlueSky , TikTok, IG, TwitterDana Goldberg - BlueSky, Twitter, IG, facebook, danagoldberg.comCheck out more from MSW Media - Shows - MSW Media, Cleanup On Aisle 45 pod, The Breakdown | SubstackShare your Good News or Good TroubleMSW Good News and Good TroubleHave some good news; a confession; or a correction to share?Good News & Confessions - The Daily Beanshttps://www.dailybeanspod.com/confessional/ Listener Survey:http://survey.podtrac.com/start-survey.aspx?pubid=BffJOlI7qQcF&ver=shortFollow the Podcast on Apple:The Daily Beans on Apple PodcastsWant to support the show and get it ad-free and early?The Daily Beans | SupercastThe Daily Beans & Mueller, She Wrote | PatreonThe Daily Beans | Apple Podcasts Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.