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00:00They were called the complex cases. My sister had them, too. They always used to give her the complex cases.
00:05Mr. President, Elon Musk, in a television interview, criticized the one big, beautiful bill, saying he was disappointed it didn't cut enough, essentially, that undercut the Doge efforts. What's your reaction to that?
00:17Well, the reaction's a lot of things. Number one, we have to get a lot of votes. We can't be cutting, you know, we need to get a lot of support, and we have a lot of support. We had to get it through the House. The House was, we have no Democrats. You know, if it's up to the Democrats, they'll take the 65 percent increase. You know, if that doesn't get approved, this country's going to have a 65 percent increase in taxes and lots of other problems, big problems, almost bigger than that.
00:45But we'll have a 65 percent increase as opposed to the largest tax cut in the history of our country. We will be negotiating that bill, and I'm not happy about certain aspects of it, but I'm thrilled by other aspects of it. That's the way they go. It's very big. It's the big, beautiful bill, but the beautiful is because of all of the things we have, the biggest thing being, I would say, the level of tax cutting that we're going to be doing.
01:13We're going to make people really be able to, we'll have one of the, we'll have the lowest tax rate we've ever had in the history of our country, and tremendous amounts of benefit are going to the middle income people of our country, low and middle income people of our country.
01:28So we're going to see what happens, because the Senate, as you know, is negotiating with us, and they have to then go back to the House, and you know, it's got a way to go.
01:36But I have to say, Speaker Johnson and Thune have done an incredible job. John Thune has done a fantastic, leader Thune, a fantastic job, and they're working together with me and others.
01:48And I think we have an amazing, if we pull this off, remember, we have zero Democrat votes, because they're bad people. There's something wrong with them.
01:57I think we're, we've made a lot of progress, and we'll see. You know, they still have to agree to the final stages of a document, but I think you could.