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cover of episode Trump Tax Bill’s Final Hours & Zero-Click Search 5/21/25

Trump Tax Bill’s Final Hours & Zero-Click Search 5/21/25

2025/5/21
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Squawk Pod

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A
Andrew Ross Sorkin
美国知名金融记者和作家,担任《纽约时报》金融专栏作家和CNBC《早间交易》共同主播。
C
Courtney Reagan
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Emily Wilkins
一位专注于商业、政治和政策交叉领域的获奖记者,现任 CNBC 华盛顿特区分局记者。
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Joe Kernen
知名金融主播和前股票经纪人,现任CNBC《早间交易》联合主播。
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Katie Kramer
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Matthew Prince
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Michael Faulkender
Topics
Emily Wilkins: 共和党领导人正在努力敲定改变,以争取更多人支持该法案。新的初步协议将把州和地方税收抵扣上限提高到4万美元,适用于收入50万美元或以下的人。平均美国家庭将从这项法案中获得更多的政府资源,但收入最低的家庭的资源将会减少,而收入最高的家庭的资源将会增加。特朗普提醒议员们,他们可能无法从这项法案中得到所有想要的东西,但这仍然是一场胜利,需要完成。 Joe Kernen: 共和党现在控制着总统职位、参议院和众议院,但他们无法完成他们需要做的事情,例如改革医疗补助。共和党内部在SALT问题、自由党团和温和派共和党人之间存在分歧。我们存在支出问题。总统在新的税收减免和延长旧的税收减免方面如愿以偿,指望未来的增长更高来控制赤字支出,而不是削减支出本身。医疗补助已经成为许多有劳动能力的成年男女的福利,他们只是待在家里。共和党人可能仍然会在两年后失去众议院,因为他们已经害怕那次选举。 Andrew Ross Sorkin: 我会设立某种10年协议,让这些抵扣最终消失,但要经过一段时间。我对各州说,我们将不再实行SALT,如果这确实是立场。如果你想征收关税,我建议在三年内逐步达到10%的关税,让所有美国公司都知道情况,以便他们能够合理地采取行动。 Michael Faulkender: 我们将通过这项法案,这反映了我们是一个大型政党,党内有很多人希望看到不同的结果。这届国会将出台的重大立法,代表们希望为他们的地区争取尽可能多的利益,实施最有利于他们地区的政策。如果能得到80%的成果,我会先接受,然后再争取剩下的20%。我们将让这项法案在众议院通过,并提交参议院,以便总统可以签署。替代方案是4.5万亿美元的增税,投资激励措施将会消失。

Deep Dive

Chapters
Congress is working late into the night to finalize President Trump's tax bill. The bill includes significant tax cuts and spending cuts, but faces opposition from both sides of the aisle. The final vote could happen as early as tonight.
  • House Republicans are rushing to finalize President Trump's tax bill
  • The bill includes a new cap for state and local deductions
  • The Congressional Budget Office projects that the average American household would see an increase in resources, but resources would decrease for households in the lowest tenth of the income distribution

Shownotes Transcript

GOP leaders are working to finalize) President Trump’s cornerstone legislation: a massive tax bill, with Speaker Mike Johnson pushing for a floor vote in the House as early as tonight. CNBC’s Emily Wilkins reports the latest developments from Washington. Deputy Treasury Secretary and Acting IRS Commissioner Michael Faulkender discusses the reconciliation bill, budget details, Medicaid reforms, efforts to reduce the federal deficit, the state of the IRS, and plans to modernize the agency. And, internet search is changing drastically; Cloudflare co-founder and CEO Matthew Prince weighs the impact of zero-click searches – where a user gets answers and information without further links and AI’s disruption of the search  and creator economies.  Meanwhile, Target lowers its sales outlook), citing tariff uncertainty and backlash over its DEI policy rollback. Plus, the FAA extends flight restrictions at Newark) airport through June due to an air traffic controller shortage and ongoing technical issues.

 

Michael Faulkender    25:46

Matthew Prince       40:04

 

Emily Wilkins, @emrwilkins)

Courtney Reagan, @courtreagan)

Michael Faulkender, @TreasuryDepSec)

Joe Kernen, @JoeSquawk)

Andrew Ross Sorkin, @andrewrsorkin)

Katie Kramer, @Kramer_Katie)