Rick Scott SHAFTED for John Thune under Trump

well it's official we have the new Mitch

McConnell and the new Chuck Schumer and

his name is John Thon John Thon will be

the leader of the Senate and a majority

leader and what I'd like to do is give

you a quick primer of what his goals are

as initiatives on

deregulation tax cuts what implications

he's going to have for you as an

American so without further Ado let's

get right into it speaker or not speaker

rather majority leader John th just got

elected VI a secret ballot little bit of

background on him he was born in

1961 and when he was about 22 years old

he graduated college at 23 years old he

got his MBA yeah I know it's like a year

year and a half later uh and so he

graduated in 1984 then he went right

into working for a senator as an aid in

85 which basically means he spent his

entire career he's like 63 now in

politics uh at one point or at least in

government at one point he worked as a

director for the state Railroad in South

Dakota in 1996 so about 11 years after

he graduated with his uh or uh about 12

years after he graduated with his NBA he

ran for uh US House of Representatives

he ended up getting that seat in '96 9

years later became a senator he's been a

chair of the Republican policy committee

he's been a senate majority whip uh that

was from 2019 through 2021 so basically

during that first wave there of co uh

since Democrats had you know power at

one point he's been a minority whip

during that term whips are basically

people who quote unquote whip up votes

to try to pass bills hey do we have

enough what do you need what do you need

okay you'll vote Yes if I give you this

all right let me see what I can do you

know you're basically trying to

negotiate a little ear marks if you will

into packages but anyway he's been

trying to replace Mitch McConnell since

March and it finally happened uh you got

SC that got the boot and you got John th

in he's an Evangelical again he's from

South Dakota he's a senator at one point

people were thinking that he was going

to be a vice presidential pick for John

McCain who remembers McCain and then

McCain's like all right John Thun I pick

Sarah

Palin okay uh but anyway let's go ahead

and listen to what he says in terms of

policy priorities right now which I

think is useful to look yeah because

you're not only going to get to see his

face but you're going to get to see how

he talks how he cares himself I

personally think he comes across as a

reasonable politician uh you know it's

still a politician obviously so you know

maybe there's like an irony in saying

reasonable politician but hey you know

what you got to do with what you got to

do or with what you got and butchered

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right let's get into this oh uh oh

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said let's get into this hold the house

obviously we have a legislative vehicle

available to us called budget recation

the my bad I have it on uh 2x speed

because that's how I often listen to

things but that's not going to work well

if uh you're on 2x as well cuz then it's

4X legislative vehicle available to us

called budget reconciliation which the

Democrats use extensively uh when they

had all three but when you have unified

control of government it gives you an

opportunity to do some things obviously

we've got to extend the TR Trump tax

cuts which if we don't ends up being a

$4 trillion doll tax increase on the

economy and almost keep keep that in

mind by the way it's extremely common

for Republicans to pass tax cuts that

have sort of an expiration but then if

Republicans have power again in the

future they they want to renew those tax

cuts because otherwise it turns into a

tax increase so in this is why they say

like nothing in government is ever

temporary because basically the way it

works is like you pass tax cuts under

the argument or premise that they're

going to be temporary but then when they

come up for expiration you're like oh we

better extend these because otherwise

we're increasing taxes it's like no you

cut taxes for 5 Years or or you know

whatever it is 7 years you cut taxes for

7 years that was the tax cut yeah yeah

yeah but now it's expiring it's going to

go up again that's a tax increase we

don't want that I mean look don't get me

wrong I'm all for you know lower taxes

but that's quick way this sort of works

this is why you'll often also get

Republicans that extend Democratic

initiatives as well so for example if uh

like I kind of speculate that they might

not get rid of all of the tax credits

that Democrats passed for even electric

vehicles and otherwise because oh now

you're making cars more expensive you're

causing inflation unless you extend the

expiration it's crazy $2,000 per average

family in this country uh I think energy

policy I think border policy uh you know

if you look at the economic agenda it's

also a regulatory and the cost of

regulation's been $1.8 trillion since

Biden Harris took office so lighter

touch on regulations uh again extending

the tax policy bonus depreciation

interest deductibility R&D expensing the

things that get you the big growth in

the economy we need progrowth policies

on the economy and then we've got always

got to be paying attention to what's

happening with respect to National

Security uh because we live in a very

dangerous world so I think those issues

are going to be front and center and if

we have unified control of the

government we're in a much better

position to to enact an agenda that that

is consistent with accomplishing those

goals might be so there you go that this

sort of gives you a quick little outline

of what Jon thun's priorities are where

his head is as you can see levelheaded

person this was film that was by the way

at like 5:00 a.m. a few days ago I

watched it live when it happened uh and

I that's why I wanted to bring this clip

up I wanted to introduce you to him in

case you're not familiar with him this

is basically your new Mitch McConnell

now why does why do they matter well

they matter because like even if you

have a republican Coalition that wants

to bring a bill up the leader could if

they want just sit on it and never bring

a bill up to vote you remember that with

Mitch m during Co and everybody was

worried about inflation I mean

rightfully so right but this is their

job and they also work to negotiate

legislation they're really big part of

frankly what you could call sort of the

broader envelope of the Trump

Administration for getting policy and

priorities through because without then

them you just can't get anything done in

Congress it's already hard enough to get

things done but they're very important

uh and they're right there with sort of

the Speaker of House uh speaker of the

house uh and so we'll see how uh how

things here move on getting these

policies implemented and introduced I'm

excited to see it also excited to see

how they use budget reconciliation

remember usually in order to pass a bill

in the Senate you need 60 votes but

Republicans don't have 60 votes now they

could pass things with 50 plus one a

simple majority if they call it budget

reconciliation but there are rules

around budget reconciliation like the

bird rule which says hey you know it has

to actually relate to revenues or the

budget or taxes and so then what happens

is you usually get a big budget Bill

everybody tries to hook everything onto

and then somebody goes through usually

the parliamentarian and goes nah we

can't we can't hook that onto this we

can't hook that onto this okay we could

hook this on anyway these are all very

important things you know what is

actually interesting is I wonder who

picks the parliamentarian let's do a

really quick look who picks the Senate

parliamentarian it's a funny word that

you have to spell ah often chosen by the

Senate Majority Leader so that's

actually a really big deal because that

means th has potential control over who

that person is and that matters because

it would give them greater guidance and

flexibility on what kind of priorities

can they pass with just 51 votes this is

why he already references oh Democrats

use it all the time he's basically

saying now it's my

turn I don't blame him either that's how

the game's played so good on you man all

right all right so there you have it

anyway John th for yall congratulations

to John th why not advertise these

things that you told us here I feel like

nobody else knows about this we'll we'll

try a little advertising and see how it

goes congratulations man you have done

so much people love you people look up

to you Kevin PA there financial analyst

and YouTuber meet Kevin always great to

get your take