'NO TAX ON...': Trump reveals 'fourth leg' of his proposed tax cuts

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President Donald Trump outlines the 'fourth leg' of his proposed tax cuts and weighs in on whether Democrats will vote for his 'big, beautiful bill' in an exclusive interview on 'Hannity.' #foxnews #news #trump #hannity #exclusive #politics #world #us #tax #economy #bill #breakingnews #democracy

Transcript

00:00Welcome back to Hannity. We are in Doha, Qatar, and here is part two of my exclusive interview

00:08with President Trump aboard Air Force One. We covered a lot of territory. Take a look.

00:13There are many legs to your economic plan that you're laying out. One is one of the trade deals.

00:19Second is tax cuts permanent, no tax tips, no tax Social Security, no tax overtime.

00:26Another leg would be energy. Interest deduction on cars. Remember that.

00:32That's big.

00:33No tax on tips, no tax on Social Security benefits for seniors, which is so great. Think of it.

00:39And no tax on overtime. But there's a fourth leg that I think is really important of that,

00:45where middle-income people, but any people, if you buy a car made in America, only I'm not

00:50interested if it's made anywhere else. I couldn't care less. But if it's made in America, you get

00:55and you borrow money to buy the car, which I guess 80% of the people do, you get a tax

01:01deduction on your interest payments. That's a big deal. That's never happened before.

01:06A big deal for people that are buying cars. But that's a huge, that's a huge game changer

01:12for the car industry.

01:13Huge, I think. One part that you can't control, although maybe you really can because you have

01:19such influence with the Republican Party is the one big, beautiful bill. You put out a big statement

01:25on that today. And how confident are you having spent time with Majority Leader Thune, Speaker of the

01:32House Johnson?

01:34First of all, Johnson and Thune have been unbelievable. They've done a great job. Their soul is into this.

01:40Their whole heart and soul. And they're working so hard. And it's always tough when you have a very

01:46small, you know, we have a majority, but it's by, in the Senate, three votes. And in the Republican,

01:51in the, in Congress, it's seven. Now, it was one for a period of time. We won some elections

01:58in the meantime, but it was actually one. So now it's seven. And I would say this,

02:05even before this big drug and, if you take a look, the cuts that I announced today, if you take a look

02:14at the pharmaceutical and drug cuts, they're so massive that I think a lot of Democrats have to

02:20vote for the bill, number one. Number two, even if I didn't do this today, even if there was no such

02:26thing as he's, you know, 50 to 90% cuts. I mean, think of it where we're buying, you're selling

02:33drugs in other countries for five times more than it costs in the United States, how horrible that is.

02:40Anyway, but that's going to be a thing of the past.

02:43Some of them are cancer drugs too sometimes.

02:45Yeah, everything. It's very unfair, very unfair to people. They have cancer. They don't have much

02:50money. They have enough money to get through this, but then they end up going bankrupt. You know,

02:54people were getting themselves fixed up or not getting fixed up either way. And still they were

03:00going bankrupt all over the place because they couldn't afford the drugs. But if they lived in

03:04a different country, they would have paid just a fraction. Think of how horrible that is. Anyway,

03:09so I fixed that. Nobody thought it was fixable and I fixed it. But even without that, I think we would

03:15have gotten the bill passed. With it, I think a lot of Democrats have to vote. I saw that a couple of

03:22Democrats said, I'd like to be in charge of... I don't know if you saw that. You have a couple

03:27of people that go on your show that I assume are moderate Democrats without mentioning names.

03:33And both of them said, I don't know about you, but I think I'm going to be voting for this bill.

03:38I think a lot of Democrats are going to be forced to vote for the bill because, you know,

03:41you add this new element that if this bill passes, you're going to get a 50 to 90 percent reduction

03:48in prescription drugs and pharmaceuticals. When you add that in, how does a Democrat not vote?

03:56I don't think they can win an election if they don't vote for it. But even if you don't include

04:00it, I think that the Republicans are very unified and something would happen where they will get

04:06this vote. I think it's imperative they vote. But look at the Democratic Party. Look at the

04:11leadership that's emerged. Jasmine Crockett, AOC, the squad, Grandpa Bernie. They seem to be the most...

04:18Look at Schumer. He turned out to be a Palestinian. I knew him right at the beginning. And I tell you

04:23what, Schumer has turned out... We call him the Palestinian senator, the senator from Palestine.

04:32Palestine. No, Chuck Schumer is very disappointed.

04:37Is he afraid to go against that radical base?

04:40I think he's afraid, yeah. I think he's... I watch him. He's lost his confidence totally.

04:44I just watched Chuck Schumer. I've known him so long. And he's in the other party. But, you know,

04:50I've known the guy so long. He's totally lost his confidence.

04:53You know, it's interesting. We're talking about the radicalism of the left.

04:59And what's really fascinating is you take up a lot of space in their head.

05:03And it's funny. You said, how could they possibly vote against lower prescription drug costs?

05:10But in the U.S. Senate, the Democrats were championing the right of men to play women's sports.

05:16They've been the party of fighting for the rights of illegals, even Trendy, Aragua, Abrego, Garcia, etc.

05:23They're the party that thinks it's a constitutional crisis, that you and Doge have had nearly $200 billion in waste, fraud, and abuse.

05:34They think that's a constitutional crisis.

05:37So you're asking, how could they be that extreme? Aren't they that extreme?

05:41Well, not all of them. I think you have a lot of them that they don't know where they are right now.

05:46I think they don't know what to do, like men playing in women's sports.

05:49I saw a guy that I know, a good guy, Democrat.

05:53He's trying to justify, two days ago on television, he's being hammered.

05:58And he's trying to justify men playing in women's sports. And it's sad.

06:02I wanted to call him and say, you better get off that subject.

06:06That's not an 80-20. That's about a 97-3.

06:09Okay? If they talk about, you know, the famous, they always say, it's 80-20.

06:14What's not, a lot of these things are not 80-20, like transgender for everybody.

06:20Let's have transgender for everybody, your kids, everybody.

06:23That's not an 80-20. They always say, that's 80-20.

06:26That's 99-1, I would say.

06:29So, look, in one way, I don't like talking about it because I don't want to talk them out of it.

06:34Because, you know, it would be harder to beat them if they were normal on things.

06:40It shows that they're almost insane.

06:42And they do suffer from Trump derangement syndrome at a high level.

06:46And I guess I'm honored by that.

06:48But I'll say this. Look, we had an election.

06:51You were so wonderful to me.

06:52You were really an amazing professional.

06:55It's not, it's, you did it for the right reason.

06:58You didn't do it for the wrong reason.

06:59But you were so professional.

07:00And we won every swing state.

07:04We won the popular vote by a lot.

07:06We won everything.

07:07We won a thing called that people don't like districts.

07:10So, in the country, you have districts, thousands of districts.

07:13We've got 2,750 districts versus 525 districts.

07:20Think of that.

07:20That's why, when you look at a map, it's actually a very important stat.

07:25But when you look at a map, the map shows it's practically all red, the Republican Party.

07:30And this is a big party.

07:31You know, we won, look how well we did with the autoworkers.

07:34We won the Teamsters.

07:35The Teamsters were big for us.

07:38They were, the unions were big.

07:39The non-unions were big.

07:41The right to work was massive.

07:44But the unions, we won unions all over the place.

07:47And we basically won workers.

07:50We also won people of common sense, rich people, poor people, middle-income people.

07:56We won sort of everybody.

07:57You know, if you take a look at the stats, you know, we did great with Hispanic.

08:01The Hispanic people came to us like nobody's ever seen before.

08:05Don't you think the Republican Party is now the party of working men and women?

08:09I do.

08:09You know, when you put out the threat of tariffs, it was interesting.

08:14Between countries and companies, and I would scroll the list on my TV show, pledging $8 trillion,

08:21trillion with a T, in manufacturing.

08:24Yeah, more.

08:25Chips, cars, pharmaceuticals, they're going to manufacture back in this country.

08:30That was just the threat of tariffs.

08:32Now the deals are beginning to follow.

08:33So we're here for really two months, because it's three and a half.

08:38But you've got to give me a month to get ready, you know, make the Oval Office a little more

08:44beautiful and things like that that we're doing, right?

08:47But so we're really here, let's say, actively for two months.

08:51So in two months, we have probably over $10 trillion committed, $10 trillion.

08:57Whereas most presidents wouldn't have $1 trillion over the course of the entire presidency.

09:04And if you look at this poor soul, this lost soul from the last presidency, and I say that

09:10because he was a very mean person.

09:13They went after our people, including me.

09:16But he was a very mean person.

09:17He was not a smart person.

09:19In fact, if you go back 30 years ago, he wasn't a smart person.

09:23You go back to prime time with him, he wasn't a smart person.

09:25But he was a very mean person.

09:28Joe Biden's a very mean person.

09:30People don't understand that.

09:32They've ruined lives.

09:33They've ruined families.

09:34They've ruined so many people.

09:36They could have ruined me.

09:37They tried to ruin me.

09:39But we're now in Air Force One, flying nicely to the Middle East, right?

09:43But they tried to ruin me.

09:45But some people weren't able to fight back.

09:48Their families have been destroyed.

09:50And the level he knew what was going on, too.

09:53And coming up, more of my exclusive interview with President Trump aboard Air Force One.

09:58As we continue our coverage from Doha, we are in Qatar.

10:02Stay with us.

10:03Stay with us.

10:07Hey, Sean Hannity here.

10:09Hey, click here to subscribe to Fox News YouTube page and catch our hottest interviews

10:14and most compelling analysis.

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