Balance of Power13 Touko 2025

House GOP Debate Tax Bill, Trump Visits Saudi Arabia

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump’s campaign tax pledges — no taxes on tips and overtime pay, plus new tax breaks for car buyers and seniors — are the centerpiece of a multitrillion dollar package that will serve as Republicans’ signature legislative effort.

In a draft version of the tax bill released on Monday, House Republicans highlighted the president’s populist priorities in a package that would enact those cuts through 2028. The bill would also make the lower individual tax rates Trump signed in 2017 permanent.

The bill addressed a tax issue that has been dividing lawmakers since it was first restricted by Trump in 2017: the $10,000 cap on the state and local tax deduction. The plan raises the SALT limit to $30,000, but with limits for individuals earning more than $200,000 or couples making twice that.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Kailey speaks with:

Spokesman for the Alliance for Competitive Taxation and Former Chair of the House Ways and Means Committee Kevin Brady.
Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
Bloomberg's David Gura following his interview with Former US Ambassador to China Nicholas Burns.
Groundwork Collaborative Senior Fellow Kitty Richards.
Democratic Candidate for US Senate in Michigan Abdul El-Sayed.

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Trump Floats Temporarily Withdrawing Blanche Nomination

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump said he is open to the possibility of temporarily ...

30 Heinä 37min

Trump Says US Will Strike Iran Hard as War Escalates Again

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump said the US would strike back at Iran after a rece...

29 Heinä 34min

Trump Dials Back Iran Threats, Hosts Netanyahu at White House

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. US President Donald Trump welcomed Israeli Prime Minister Benjamin Netany...

28 Heinä 40min

Trump Hits Campaign Trail in Michigan

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Some House Republicans are urging President Donald Trump to expand his vi...

27 Heinä 46min

Trump Threatens New EU Tariffs

Insight & analysis on the White House and Capitol Hill.Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver i...

24 Heinä 41min

House Passes Stopgap to Avert Shutdown Before Midterm Election

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.The House passed stopgap funding to keep the government open past the midt...

23 Heinä 38min

House Stopgap Faces Senate Changes

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. House passage yesterday of a stopgap measure marks the first step in cong...

22 Heinä 40min

Trump Plays Down Prospects for Iran Talks Amid Red Sea Threat

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. US President Donald Trump minimized the prospect of immediate talks with ...

21 Heinä 37min