Dems' Poll Numbers PLUMMET, plus How to Save $1TRILL in Fed Spending & Why We Need to Fix the Tax Laws to Treat Poker Pros Fairly
whatshot 13 snips
Jul 28, 2025
Voter sentiment is shifting, with Democrats experiencing their lowest approval ratings in decades, primarily due to extreme policies. Meanwhile, a bold proposal targets saving $1 trillion in federal spending by ending the Federal Reserve's interest payments on bank reserves, which could stimulate the economy. Additionally, there's a push for fairer tax treatment of professional poker players, as recent changes have limited their ability to deduct losses, potentially pushing talent out of the U.S. These topics spark engaging discussions on politics and finance.
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Democrats' Deep Approval Slump
The Democratic Party has sunk to its lowest approval rating in 35 years, largely due to extreme left-wing positions.
Taking unpopular stances on open borders, defunding police, and youth medical policies alienates most voters.
volunteer_activism ADVICE
Avoid Complacency in Politics
Republicans must avoid complacency despite Democratic weaknesses and favorable polling.
Energize the base continuously to ensure strong turnout and capitalize on current advantages.
insights INSIGHT
Costly Fed Interest on Reserves
Paying interest on bank reserves is a costly practice, reaching $168 billion in 2024 alone.
Ending this would save over $1 trillion in 10 years and encourage banks to lend more for economic growth.
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A recent Wall Street Journal poll shows the Democratic Party's approval rating at its lowest in 35 years.
Only 33% of voters view the party favorably, while 63% view it unfavorably.
Cruz attributes this to the party being overtaken by extreme left-wing voices and unpopular stances on issues like:
Open borders
Defunding the police
Support for controversial protests
Gender and youth medical policies
He warns Republicans not to become complacent despite favorable polling.
đź’° Proposal to Save $1 Trillion in Federal Spending
Cruz proposes ending the Federal Reserve’s practice of paying interest on bank reserves.
This policy, introduced in 2008, cost taxpayers $168 billion in 2024 alone, with nearly half going to foreign banks.
Cruz argues that:
The Fed operated for nearly a century without paying interest on reserves.
Ending this would encourage banks to lend more and support economic growth.
It could also help lower interest rates and reduce the deficit.
♠️ Fixing Tax Laws for Professional Poker Players
A provision in the “One Big Beautiful Bill” changed how gambling losses are deducted.
Previously, players could deduct 100% of losses from winnings; now only 90% is deductible.
This results in some players being taxed on income they didn’t actually earn.
Cruz, along with bipartisan support, is pushing legislation to reverse this change, arguing it's unfair and could drive poker professionals out of the U.S.
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Verdict with Ted Cruz