2,422 videos 1,389,747,653 views US Joined Aug 30, 2018
Charlie Kirk is the Founder and President of Turning Point USA, the largest and fastest growing conservative youth activist organization in the country with over 250,000 student members, over 150 full-time staff, and a presence on over 2,000 high school and college campuses nationwide. Charlie is also the Chairman of Students for Trump, which aims to activate one million new college voters on campuses in battleground states in the lead up to the 2020 presidential election. His social media reaches over 100 million people per month and according to Axios, he is one of the "top 10 most engaged" Twitter handles in the world. He is also the host of “The Charlie Kirk Show,” which regularly ranks among the top news shows on Apple podcast charts.
Steve Miran Explains How Trump's Big Beautiful Bill Will Supercharge Economy and Cut Deficits by Trillions
Steve Miran, chairman of the Council of Economic Advisors in the White House, breaks down the economic impact of Trump's legislative agenda. Moran reveals how the bill could boost the economy by nearly 5% over four years, increase family income by up to $11,000, and reduce deficits by as much as $11 trillion through combined growth policies. Without passage, Americans face the largest tax hike in history '$4 trillion' that would plunge the economy into recession. Moran explains why the Congressional Budget Office score misses the bigger picture of economic growth from deregulation, energy abundance, and tariff revenue. He also details lesser-known provisions including Trump baby investment accounts, no tax on tips and overtime, and the largest welfare reform in American history.
The Stakes: Largest Tax Hike in History vs. Economic Boom
Steve Miran, chairman of the Council of Economic Advisors in the White House, joined Charlie Kirk to discuss the urgent need to pass Trump's legislative agenda. According to Moran, the stakes could not be higher for American families and the economy.
"We need to pass this bill. It is so important to get it over the line because if we don't, it's going to be the biggest tax hike in history. Absolute biggest in history. $4 trillion tax hike on American workers and American families that'll plunge the economy back into recession," Moran explained.
The alternative scenario paints a dramatically different picture. If the bill passes, Moran cited a study released by the Council of Economic Advisors showing the bill will boost the economy by approximately 4.6 to 4.9% over the next four years—a little over 1% annually. More importantly for families, it will boost take-home pay and after-tax real income for a typical family of four by about $7,500 to as much as $11,000 over this period.
The Big Picture: Deficit Reduction Through Growth
Moran addressed concerns about the deficit by emphasizing that critics are focusing too narrowly on the Congressional Budget Office score rather than seeing the complete economic picture. The CBO's methodology, while required for the specialized budget process that allows passage with a simple Senate majority instead of 60 votes, only examines individual provisions line by line.
"The big picture of what's going on is that President Trump's policies will create an economic growth boom just as they did in the president's first term. And this economic growth boom will bring down deficits, bring down the national debt," Moran stated.
The comprehensive deficit reduction comes from multiple sources working together:
Growth benefits from the legislation itself
Growth from Trump's deregulatory agenda, cutting red tape so companies can invest and hire workers without spending years seeking Washington's permission
Better growth from energy policies that bring down energy prices
Trillions of dollars in tariff revenue
A trillion and a half dollars in cuts to waste, fraud, and abuse coming administratively
A trillion and a half dollars of interest savings from smaller deficits
Combined, these policies could bring down the deficit by as much as $8.5 to $11 trillion over a 10-year window. This would reduce the debt-to-GDP ratio by over 20 percentage points—23 percentage points lower than current projections of 117% by the end of the next decade.
Tariffs: Taxing Foreigners to Cut Taxes on Americans
A key component of the fiscal strategy involves tariffs. "What the president is doing is raising tons and tons of money by taxing foreigners and using that money to cut taxes on American workers. And I can't think of anything that's a more sensible policy than that," Moran explained.
This approach represents a fundamental shift in tax policy—using revenue from foreign sources to provide relief to American families and firms.
Campaign Promises: No Tax on Tips, Overtime, or Seniors
When asked about provisions the Senate has considered removing, Moran confirmed that signature campaign promises would remain in the bill, including no tax on tips, no tax on overtime, and tax relief for seniors.
"Those are some of the president's signature promises from the campaign and the president always delivers on his signature promises. One by one, the president fulfills all of his campaign pledges and these are part of that," Moran stated.
These provisions are designed to keep more money in people's pockets on a week-to-week, month-to-month basis, providing immediate relief to working Americans.
Business Investment Incentives
Beyond individual tax relief, the bill includes significant incentives for businesses to invest in America. These include full expensing on equipment, full expensing on new factories, and full expensing on research and development.
"This is how you get firms doing more in America. This is how you get firms hiring workers, by providing incentives for them to invest. They want to hire more American workers. They want to pay American workers more. We're going to make America the best place on earth to do business," Moran explained.
Extending the 2017 Trump Tax Cuts
The bill extends the Trump tax cuts from 2017, which Moran credits with creating the economic boom during Trump's first term. Americans voted to reelect Trump in part because they remembered what those policies delivered:
Record low unemployment with no inflation
GDP boosted by over half a trillion dollars relative to expectations
Real median household income increased by over $6,000 only a year after passage
Wage growth about double what Americans experienced during the Obama administration
Wage growth for working-class Americans at the bottom of the income distribution was about twice what it was for the ultra-wealthy
"They remember that the first Trump administration was not only an economic boom, it was a blue-collar boom and it was due in very large part to the tax cuts from 2017," Moran said.
Allowing these cuts to expire would trigger the $4 trillion tax hike, plunging the economy into recession, causing millions to lose their jobs, and resulting in 9 million people losing their health insurance.
Welfare Reform: Individual and Corporate
Moran described the bill as containing the greatest welfare reform in American history, encompassing both traditional welfare and corporate welfare. Specifically, the bill pulls back hundreds of billions—even trillions—of taxpayer dollars that fund Green New Deal programs.
"There's very little excuse for taxing hardworking Americans to pursue Green New Scam climate dreams," Moran stated bluntly.
Why the CBO Score Misses the Mark
Addressing criticisms based on Congressional Budget Office scoring, Moran explained that the CBO does not have a good track record of accuracy when it comes to dynamic economic effects. The problem lies in their methodology.
"They're only looking at one little corner of the picture instead of seeing the entire big picture," Moran explained. The CBO must score provisions line by line due to the Byzantine budget reconciliation process, but this approach ignores:
The economic growth boom from the policies themselves
Economic benefits from deregulation
Growth from energy abundance policies
Trillions in tariff revenue
A trillion and a half in administrative cuts to waste, fraud, and abuse
A trillion and a half in interest savings from reduced borrowing
"The folks who are focusing on the CBO score are just using it for ends that it was never intended for. It's not fit for purpose for thinking about the broad deficit picture," Moran concluded.
Trump Baby Investment Accounts
One of the lesser-known provisions in the bill creates Trump baby investment accounts—what Moran called "MAGA accounts"—for every baby born in the United States. Each account receives a $1,000 deposit from the government that can grow tax-free and tax-advantaged for years.
"Starting to save for the future is one of the most important things that people can do to improve their financial acumen through their lives, to improve their retirement, to improve their ability to save for the future," Moran explained.
The accounts will help kids learn the value of saving, help parents save for their children's futures, and improve lives over the course of decades.
Border Security and Energy Provisions
Beyond tax policy, the bill includes critical funding for border security and deregulatory measures to bring down energy prices. Moran emphasized the importance of border funding to:
Crack down on border security
Protect Americans and reduce crime
Ensure young people can enter the labor market without being competed out by illegal migrants
Control price pressures, since large-scale immigration is incredibly inflationary
On energy, the bill includes provisions related to onshore and offshore oil drilling and other measures designed to lower gas prices for consumers, make commutes easier, and provide affordable energy for every sector of the economy—from manufacturing to national security and defense, from service workers to remote workers.
Timeline and Call to Action
Moran outlined an aggressive timeline for passage: the Senate is expected to pass the bill within a couple of days, with action from both chambers of Congress anticipated the following week, leading to the bill being signed into law.
His call to action for Americans is clear: "The number one thing you can do is call your senator, tell him or tell her to pass the one big beautiful bill, to get the tax bill done, to avoid the biggest tax hike in history, and to usher in the second Trump economic boom and the new golden age for America."
