Squawk Pod
Trump’s Budget Advances & Rep. Ro Khanna 2/26/25
Feb 26, 2025
Rep. Ro Khanna, the progressive U.S. Representative for California’s Silicon Valley, discusses the recent budget plan passed by the Republican-controlled House, criticizing the implications for working-class Americans. He shares insights on how Trump’s tax cuts disproportionately benefit the wealthy. The conversation also touches on immigration reforms, including a controversial 'green card plus' proposal, and the geopolitical impact of U.S. relations with Ukraine, especially regarding rare earth minerals.
38:37
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Quick takeaways
- The Republican budget plan prioritizes tax cuts and spending reductions, potentially exacerbating deficits while impacting essential social programs like Medicaid.
- Kava's CEO emphasizes long-term growth by focusing on a diverse menu and minimal price adjustments despite facing inflationary challenges and competition.
Deep dives
House Republicans Pass Budget Plan
House Republicans narrowly passed a significant budget plan that aligns with President Trump's agenda focused on tax cuts and spending reductions. The approved plan includes substantial cuts to Medicaid, which could impact many Americans who rely on these services, particularly in states with higher poverty rates. Critics warn that the plan's fiscal implications could lead to greater deficits, as it prioritizes tax breaks for the wealthy over essential social programs. As the budget moves to the Senate, contention remains regarding the extent of tax breaks and how they will affect working-class citizens.
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