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This afternoon, we take a giant step to cement the American dominance of global finance and crypto technology as we sign the Landmark Genius Act. I pledge that we would bring back American liberty and leadership and make the United States the crypto capital of the world, and that's what we've done. The Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins. This Genius Act will unlock American dominance in the crypto industry by creating clear rules of the road. It will update archaic payment rails with a revolutionary new payment system, and it will extend U.S. dollar dominance, like you said, globally. This is a huge promise made and promise kept by President Trump. We have a dealmaker in chief, and it's because of your vision, your leadership, your determination, your skill that we're all here today, so thank you very much, President Trump. And today, signing the future of crypto and the crypto industry, the U.S. dollar working together is going to be stronger and bigger and better than ever before. Thank you, everybody, very much.

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After many years of decline in our air traffic control system, the one big beautiful bill will modernize this decrepit relic and give America the best, most advanced air traffic control system on Earth, the best by far. It contains a historic program to update antiquated communications and radar systems, deteriorating hardware and ancient software. This is really old stuff. It's ancient. We're the latest 21st century tools and equipment. It will improve runway safety and build new air traffic control centers for the first time in more than 50 years and keep America flying safely and efficiently for decades to come. Many, many decades are going to go by before this one gets obsolete. It's the best in the world. It's time to pass the one big beautiful bill into law. We're going to get it done. We're going to take care of air traffic control. Thank you very much.

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One big, beautiful bill will also be an incredible victory for American farmers, another group that we did great with, especially family farmers like James Cullifer of Virginia Beach. Our bill will provide 100 percent expensing so they can buy a new farm, new farm equipment. And by the way, the expensing is good for everybody, not just farmers. And it'll virtually eliminate the so-called estate tax or the death tax. So you have a farm, you leave it to your children. If you like the children, you leave it. If you don't, don't worry about the details. No, some people don't want to leave them. They don't like their kids, you know? Anybody in here not liking their children, farmers? But if you like your kids, you want to leave it. And a lot of times what was happening before I got there, because I put this in the first tax bill, as you know, but people would die. They'd leave their farm. There was no cash, but there was value to the farm, sometimes good value. It's called real estate, rich and cash poor. And the kids had no money, and they'd be foreclosed out by a bank, they'd borrow money to pay the estate tax. You don't have to pay estate tax anymore. That's pretty big stuff. So for the farmers and for others in small business, it's great. But James' family has been working in the land for generations, and with this bill, we will ensure that family farms like his can stay and the family for many generations to come. Where's James? And you know what I mean, James? People pass away, they love their kids or whoever they're leaving, but they love their kids especially. And you won't have the family farmer anymore the long time because they were losing them to the banks and they were losing them at record numbers, it's not going to happen anymore. There's no tax.

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This bill will also be the single most important piece of border legislation ever to cross the floor of Congress. We will hire 3,000 new Border Patrol officers and 10,000 new ICE agents. And these people are great. I tell you what, I got to know a lot of them. And we have tremendous representation. They've been for me from day one. In fact, I shouldn't say this, but they endorsed me when I first ran almost at the beginning. And they weren't sure if they were allowed to endorse me. And they said, we don't care, we're endorsing you. But they were great. And they've been my friends ever since. But think of that. So we're going to hire 3,000 new Border Patrol officers, 10,000 new ICE agents. And you know, these ICE guys, they go into war zones and they're tough and they love our country. And if you're not going to be tough, you're not going to do well. But they are tough and they'll break into a pack and they go on a pack. Some of these packs come out of the jails of Venezuela. They come from places that you don't want to know about the gang members that have been all sent in here through Biden's open door, stupid policy. The dumbest policy. I think, well, we have a lot of dumb policies, but the worst, I think, is open borders where anybody comes into our country totally unvetted, totally unchecked. And they're drug dealers and they're people that we don't want them. And they're murderers. You know, they're murderers. I told you, over 11,000 murderers. They're in here. 50 percent of those, by the way, murdered more than one person. And they came in. No check in. No anything. It's so sad. What that man has done to this country, we should never forget it, okay? We should never, ever forget it. With that whole group of people, I don't even think it was him. He didn't believe in open borders. He didn't believe in men playing in women's sports or transgender for everybody. But what that group of people has done to this country will never, ever -- I don't think we can ever allow history to forget it. What they've done to us is so sad. We're going to fully fund the final sections of border wall and pose a new remittance tax on money sent back to foreign countries and dramatically increase deportations to a bare minimum of one million illegal aliens per year. And what we're doing is we're really going after the criminal aliens, of which we have plenty to work with. People say, "Well, that's a lot, isn't it?" They say, "Well, remember, these countries are very smart. They're headed up by people I know in almost all cases. They're very smart, smart people, and they have -- they're people of great common sense. They're not sending the good people out. They're sending the bad people out. And they put them into caravans. I think I came up with that name, but somebody did. It's a great name. A caravan. Thousands and sometimes as many as 30,000 people walking right into our country. Again, last month we had none. Think of that. It's almost -- people say it's almost impossible. But they come in, and at a minimum, they're not people that work very hard, they're people that are on welfare. They don't want them. They don't want them. They give them to us. It's incredible what's happened, and it's so sad to see. It's so sad. It could make you just sick to your stomach when you think about it. I was going to say it could make you cry, but I like to pretend I never cry. I don't want to be -- I don't want to be a crier. But it makes you sick to think of what they did. What they did to us is just sick. And guys, if we didn't have a Tom Holman and if we didn't have some of the guys that we have working so hard and dangerously, the country wouldn't stand a chance. But we're getting them out not as fast as they came in, because they came in and you'd see hundreds of thousands pour into our country in a day. But we're getting them out.

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The one big beautiful bill is a big first step to provide relief for the American people. This is the largest most consequential piece of legislation in my lifetime. We are saving over a trillion and a half dollars, 1.6 trillion dollars. That's the largest amount of savings ever garnered in 250 years of this country. No tax on tips, no tax on overtime. We funded our border, funded our border patrol people, built the wall, did all the things the president wants to do on the border. There's so much in it for national defense but that's just one small part. We're unleashing American energy. It actually looks at how we are helping the average American worker. We want to provide this tax cut to not just restart the economy in a bigger way but to put more money back in people's pockets. Americans are demanding more fiscal responsibility. So we put it in the bill. If we don't get this one big beautiful bill passed, America is going to see the largest tax increase in American history. Extending the Trump tax cuts with the one big beautiful bill will be a critical lifeline. Make sure we're gonna have a strong military, strong borders. Made in America policy. And when you cut 1.6 trillion dollars, how can you say that's anything but a massive, you know, landmark bill? And it's what American people do. We've got to keep our promise. President Trump understands how important a made in America tax break is. We finally have a president in the office that is willing to take that bull by the horns. And we are united in one purpose and that's to get Donald Trump's agenda passed through the Congress. To change the trajectory of the country and again it's the first of a number of steps and President Trump is committed to doing this. And we're gonna get this to the President's desk to get him to sound it in the wall.

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agree with the Senate finances version of the big beautiful bill or do you support the initial legislation passed by the House? Well Liz thank you it's so great to be with you and I heard you say the July 4th timeline I mean what great a way to celebrate our nation's independence than to get the one big beautiful bill passed and give the American people a great tax cut and get our economy thriving. You know what you're seeing now is the House and the Senate negotiating real time and I'm glad that we get to see this when you talk about the American people you talk about welfare reform and getting able body people back to work you know this is an exciting time I know we're doing the same thing here at HUD to see what tools we have to help the American people to get back to work to raise their families and to thrive once again in our country.

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