Trump Tax Cuts Face The Senate | Balance of Power: Early Edition 6/02/2025

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss President Trump’s tax bill facing Senate hurdles. On today’s show, Republican Congresswoman Lisa McClain of Michigan, Center for the Study of the Presidency and Congress Senior Democracy Fellow Jeanne Sheehan Zaino, S-3 Group Partner Ashley Davis, Stimson Center Senior Fellow Kelly Grieco, Bloomberg’s Michael McKee and Ontario Finance Minister Peter Bethlenfalvy.

Chapters:
00:00:00 – Balance of Power: Early Edition Begins
00:05:38 – Rep. Lisa McClain (R) Michigan on US Senate to Take Up Trump Tax Bill, Debt Limit Bill
00:15:10 – Anchors Chat About Sen. Ernst (R) Iowa on Medicaid Cuts, Ernst Posts Non-Apology for Medicaid Death Comment
00:17:05 – Political Panel on Sen. Ernst Posts Non-Apology for Medicaid Death Comment, Possible Senate Tax Bill Changes
00:29:14 – Kelly Grieco, Stimson Center Senior Fellow, on Ukraine Drone Strikes Hit Bombers Inside Russia
00:37:32 – Bloomberg’s Michael McKee on Impact of 50% Tariff on US Aluminum & Steel
00:40:03 – Peter Bethlenfalvy, Province of Ontario Minister of Finance, on Pres. Trump Doubles Steel & Aluminum Tariffs
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