ICYMI—Hagerty Joins Kudlow on Fox Business to Discuss Iran, Housing and Reconciliation 3.0
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Bill Hagerty, R-Tenn., a member of the Senate Foreign Relations, Appropriations, and Banking Committees, joined Kudlow on Fox Business to discuss Iran, housing and Reconciliation 3.0. *Click the photo above or here to watch* Partial Transcript Hagerty on Iran: [Commander of the United States Central Command (CENTCOM) Admiral Brad Cooper], is in charge of the [Strait of Hormuz]. It’s the United States of America that is driving the behavior [in Iran]. And what we have is increasing propaganda coming from the Iranian regime. They’re great at propaganda, they’re great at negotiations, but in terms of delivery—not so much. And their economy is in the tank. You see what we’ve done now: the ceasefire is over, [U.S. Treasury Secretary Scott Bessent] stepping back in, removing Iran’s temporary license to ship—that’s gone. Sanctions are being reimposed, economic pressure [is] back on, President Trump has hit [Iran] very hard. I think they’re realizing that the old playbook— the one they used with [President Barack Obama], the one they used with [President Joe Biden]—will not work with this administration […] I think that the memorandum of understanding is on life support, at best. [The United States has] reimposed sanctions. We are back at a point of negotiating from a position of strength, letting the Iranians know how it is going to be. We tried to allow them to behave like a normal country; it seems to be beyond them to do that. So, we are moving to plan B. […] We had completed about 75-80% of [target packages] before we went into the ceasefire. There is still a considerable amount of targeting that remains. Those targets are sensitive targets… The pace at which Brad Cooper undertakes this is the pace at which the President directs him to do so, I think is certainly something that was within the realm of the White House to make that decision, but we are moving back in that direction again. Hagerty on housing and affordability: Why should the consumer, why should the everyday man and woman in America pay for the inflation that Joe Biden created? That is exactly where we are. [Indexing capital gains on housing] will unleash housing stock. It will unleash supply. It is a supply-and-demand problem right now that has made housing unaffordable… Another piece I would like to highlight has to do with the regulatory front. And that would be adopting my piece of legislation that deals with taking away the $100,000 that has been the quantification of the regulatory cost on the average home in America, permitting, et cetera, that takes place. $100,000 added to the cost of a home here in America—that is something we need to address first and foremost. My Freedom to Build Act would do just that. It would build on top of what we’ve already done with the [ ROAD to Housing Act ], and I think just another area to move us in the right direction to lower costs for Americans. Hagerty on Reconciliation 3.0: This is something that we’ve proven that we can do. We can address the SAVE America concerns. I want to see the SAVE America Act passed. I’m a co-sponsor; I’ve voted for it every time. I’m willing to move in every direction we can—but we know we can make [budget] reconciliation work. And I think my colleagues in the House of Representatives are working away right now… I am very pleased to see us moving in that direction […] We have a short period of time here before we get into the zone of the fall election. I think the opportunity is right before us. The House is working away. I’m looking forward to getting Reconciliation 3.0 underway, and I appreciate the house taking the lead and moving it forward […] [Senate Budget Committee Chairman Lindsay Graham, R-SC,] and his team, actually, and the Budget Committee have been working on Reconciliation 3.0, and I think they’ve been in close contact with the House of Representatives… I think there are a number of ways to deal with it, but frankly, if [the SAVE America Act] comes over in a reconciliation bill, this is something that we have been able to pass. We’ve been very succe
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