Art of the Budget Deal | Dr. Paul Winfree

Hold These Truths with Dan Crenshaw

Dan Crenshaw

Politics, Energy, Healthcare, News, World, Society & Culture, Regulations, Finance, America, Freedom

4.6 • 16K Ratings

🗓️ 22 February 2025

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

The federal budgeting process can be hard for the average American to comprehend - until now. Economist Dr. Paul Winfree walks us step by step through how Congress passes a budget and all the legislative/political hurdles that get in its way. We cover the historical evolution of the budget process leading up to the word you’ve been hearing every day in the news – reconciliation. We look at how presidents from Nixon to Trump influenced the budget process to pass their agendas. We examine some of the most controversial reconciliation bills over the past decade and how they impacted the economy. And we discuss much needed Medicaid reforms, overhauling the tax system with consumption-based taxation and universal savings accounts, and much more.

Dr. Paul Winfree is President of the Economic Policy Innovation Center. During the 1st Trump Administration, he was Deputy Assistant to the President for Domestic Policy and Deputy Director of the Domestic Policy Council, and Chair of the Deputies Committee that managed policy implementation across federal agencies. He is the author of "The History (and Future) of the Budget Process in the United States." Follow him on X at @paulwinfree.

Transcript

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0:00.0	We hold these truths to be self-evident.
0:02.1	That all men are created.
0:03.4	As a member of Congress, I get to have a lot of really interesting people in the office.
0:07.3	Experts on what they're talking about.
0:08.9	This is the podcast for insights into the issues.
0:11.6	China, bioterrorism, Medicare for all, in-depth discussions.
0:16.0	Breaking it down into simple terms.
0:17.9	We hold.
0:18.7	We hold these truths.
0:20.1	We hold these truths. With Dan Crenshaw.
0:22.2	The angle has landed. Welcome back, everybody. Joining me today is Paul Winfrey, president and CEO,
0:28.0	the Economic Policy Innovation Center, which we'll refer to as epic, because that's a good acronym.
0:33.3	He's a budget expert, and we're going to talk about a lot of nerdy stuff regarding the budget
0:36.8	today, so get ready.
0:38.0	Paul spent up quite a bit of time in and out of federal government.
0:41.8	We'll hear all about that shortly.
0:43.5	Serred in the Trump administration as deputy assistant to the president for domestic policy,
0:46.8	deputy director to the domestic policy council and director of budget policies.
0:51.2	So you know what you're talking about.
0:52.9	And we're bringing you on today to talk to break down something I think a lot of the public
0:57.0	has heard about recently, but might not fully understand that is budget reconciliation.
1:02.0	So let's give some context first.
	...

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