Steve Bannon: “You can't extend the tax cuts for the wealthy. The math just doesn't work.”
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From the June 5, 2025, edition of Real America's Voice's War Room
STEVE BANNON (HOST): We're gonna get back to the Big Beautiful Bill and financing all this, but people should understand, it looks like chaos right now, it's actually not. Or it's not as chaotic as it looks. There are a ton of people working through different things.
And remember, you can't cut taxes — you can't extend the tax cuts for the wealthy. The math just doesn't work.
I think we know the math here better than anybody, right? Except Russ Vought and those guys, although we argue about it with Russ — because there's so many accounting tricks you can use. My thing is cash in, cash out, total receipts from tariffs, and this is why I keep telling Navarro. This is why The Hill piece came up.
Give us the entire picture. Tell us what the tariffs are gonna be. Tell us what the investment, the $2 trillion dollars from corporations, not the sovereign wealth funds. What is that gonna do to generate? Give us everything we get to — back up the tax, back up your growth rate. If the growth rates 2.5%, the House has got 2.6%. If the administration talking 3%. That could possibly be — if you back it up and show us how you get there.
Those types of changes in a whole package refutes the CBO coming back because look, reconciliation is a gimmick, right? Correct? We're going through the appropriations process right now, which I realize people, it sounds like you're putting too much on you, but the reconciliation is kind of a gimmick, right?