Ruthless Podcast Senate Majority Leader John Thune Reveals Trump's Tax Wins, Spending Cuts & NIL Reforms
11 snips
Jul 24, 2025 
Senate Majority Leader John Thune, a key figure in U.S. politics representing South Dakota, discusses major GOP wins like tax cuts and spending reforms. He tackles the challenges of passing legislation amid Democratic opposition and outlines future strategies for upcoming elections. The conversation also dives into potential reforms in college sports with expert Daniel Bassali from Americans for Prosperity, highlighting the need for clearer NIL regulations. The episode is filled with sharp insights and humor, featuring lively banter on political antics.
AI Snips
Chapters
Transcript
Episode notes
Big Beautiful Bill's Impact
- The "Big Beautiful Bill" is a generational, comprehensive legislation covering national security, border security, energy dominance, tax relief, and entitlement reform.
- It is hailed as one of the most consequential pieces of legislation Senate Majority Leader John Thune has dealt with in his career.
Tax Certainty Boosts Economy
- The bill permanently avoids a $4 trillion tax increase and includes no tax on tips or overtime and higher Social Security deductions for seniors.
- The permanence of tax provisions provides economic certainty, positively influencing markets and small businesses to plan investments.
Bending Spending Curve Down
- For the first time in years, legislation has been enacted to bend the government spending curve downward.
- This sends a positive message to markets about fiscal responsibility despite huge national debt.