Your News Talk America with Jake Smith – 07/04/2025
Happy
Independence
Day
Your News Talk America with Jake Smith.
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9:06
Show Open:
BBB is a done deal!
House Republicans: 218 - 214
President Trump is at the height of his political power following Thursday’s passage of his “One Big Beautiful Bill Act” – capping a remarkable two-week streak of domestic and foreign policy feats that even Democrats are calling impressive.
Trump, 79, will sign the bill fulfilling his major campaign pledges – including to cut taxes on tips, overtime and Social Security benefits – at a pre-fireworks Independence Day party on the White House lawn.
B-2 stealth bombers will fly over the celebration in recognition of their role in the Trump-ordered June 21 US airstrikes on Iran’s nuclear program, which was followed two days later by an equally unprecedented Trump-brokered cease-fire between Israel and Iran.
The commander in chief, riding high on that diplomatic coup, strong-armed NATO nations at the alliance’s annual conference to boost military spending to 5% of their GDP by 2035, after complaining for years that US allies were freeloading off American taxpayers.
He returned home to good news from the Supreme Court, which handed him wins on deporting illegal immigrants to third countries and restricting nationwide injunctions by district court judges — while CBS’s parent company agreed to fork over $16 million for deceptively editing an interview last year with Trump’s election rival, then-Vice President Kamala Harris.
Over the weekend, Canada scrapped a digital services tax against US internet giants under pressure from Trump, followed days later by the University of Pennsylvania stripping honors from transgender swimmer Lia Thomas and the announcement of a pending trade deal with Vietnam – as major stock market indices notched record highs and illegal border crossings hit new record lows.
The Big Beautiful Bill Act also includes $25 billion in funding for Trump’s “Golden Dome” missile defense program, spends more on immigration enforcement, allows tax deductions for domestic car loan interest and — in a major win for New York and New Jersey Republicans — lifts the cap on the amount of state and local taxes that can be deducted from federal returns to $40,000 from the prior $10,000.
- Permanent extension of much of the 2017 Tax Cuts and Jobs Act
- Nearly $150 billion in additional border security spending, including $46.5 billion to construct a US-Mexico border wall and about $30 billion to Immigration and Customs Enforcement (ICE)
- Approximately $153 billion in additional defense spending, including $25 billion for the president’s space-based “Golden Dome” missile defense system and $29 billion to boost shipbuilding
- Debt ceiling increase by $5 trillion
- Deduction for qualified tip wages capped at $25,000 and overtime pay capped at $12,500 for individuals for three years
- Standard deduction gets increased by $750 for single filers, to $15,750
- Child tax credit increased to $2,200
- Car loan interest deduction of up to $10,000 for individuals making under $100,000 annually (couples under $200,000) who purchase US-made vehicles
- State and local tax deduction cap raised to $40,000 through 2029
- Excise tax on endowments goes up to 8% on wealthy colleges with at least 3,000 students, while imposing lower rates of 4% or 1.4% on institutions with fewer assets
- Millionaires are restricted from receiving unemployment benefits
- $50 billion in funding for rural hospitals in Medicaid
- Mandated 80-hour-a-month work requirement for able-bodied adults and adults with children ages 15 and older
- New “Trump” savings accounts for parents and guardians of children born between Jan. 1, 2024, and Dec. 31, 2028, with the feds providing an initial $1,000 seed money
- Restrictions on large abortion providers, such as Planned Parenthood, from receiving Medicaid funding
- Lifetime borrowing limit of $257,500 for federal student loans; borrowing for professional degrees capped at $50,000 per year and $200,000 lifetime; for graduate students, unsubsidized loans capped at $20,500 per year and $100,000 lifetime
Panelist:
DIAL Producers / Callers
9:35
Monologue:
“Fathers to our great nation!”
9:45
Segment Topic:
A look back at Digital Interactive Fridays:
The BBB was months in the planning stage. Peter Navarro laid-out the BBB from his latest book.
- Date of original broadcast 7/26/24.
Panelist:
DIAL Producers / Callers
10:08
Segment Topic:
A look back at Digital Interactive Fridays:
- Discussion with James Golden (Bo Snederely)
- Longtime producer of the Rush Limbaugh program.
- Date of original broadcast 8/2/24.
Panelist:
DIAL Producers / Callers
10:20
Segment Topic:
A look back at Digital Interactive Fridays:
James Golden Part 2
Panelist:
DIAL Producers / Callers
10:33
Segment Topic:
A look back at Digital Interactive Fridays:
Frank (FH Buckley): The hijacking of modern liberalism
- Date of original broadcast 9/20/24.
Panelist:
DIAL Producers / Callers
11:08
Segment Topic:
A look back at Digital Interactive Fridays:
“Vaccination Genocide”
- Brianne Dressen, subject of the book: Worth a Shot? Secrets of the Clinical Trial Participant Who Inspired a Global Movement: Brianne Dressen's Story
- James Thorp, MD co-author: Sacrifice: How the Deadliest Vaccine in History Targeted the Most Vulnerable.
- Date of original broadcast 4/25/25
Panelist:
DIAL Producers / Callers
11:20
Segment Topic:
A look back at Digital Interactive Fridays:
Will Iranian people ever overthrow the Mullahs?
What was going on inside Iran just two weeks prior to U.S. bombing?
Panelist:
Shahin Gobadi, U.S.-educated nuclear engineer, a member of the National Council of Resistance of Iran (NCRI), Iran’s Parliament-in-Exile. Mr. Gobadi is a U.S. educated nuclear engineer.
- Date of original broadcast 6/6/25
11:33 Salute the Troops
George Washington
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Credits
Host
Jake Smith
Director
Walt Palmer
Technical Director
Julia Hardy
Panel Liaison
Mark O'Giuliani