Democratsā Approval Hits 35-Year Low | Cruzās $1 Trillion Spending Cut Plan | Poker Tax Fix
In this episode ofĀ Verdict with Ted Cruz, Senator Ted Cruz and co-host Ben Ferguson break down the latest Wall Street Journal poll showing the Democratic Partyās approval rating at its lowest point in 35 yearsājust 33% favorable and 63% unfavorable. Cruz attributes this dramatic decline to the partyās alignment with far-left policies on:
- Open borders
- Defunding the police
- Support for controversial protests
- Gender and youth medical interventions
Cruz warns Republicans not to grow complacent, despite the favorable polling numbers.
š° Plus: A Bold Plan to Save $1 Trillion in Federal Spending
Cruz unveils a proposal to end the Federal Reserveās interest payments on bank reserves, a policy that cost taxpayers $168 billion in 2024ānearly half of which went to foreign banks. He argues this change could:
- Encourage more bank lending
- Lower interest rates
- Reduce the federal deficit
ā ļø Fixing Unfair Tax Laws for Professional Poker Players
Cruz also tackles a little-known tax change affecting professional gamblers. A recent provision now limits gambling loss deductions to 90%, meaning players are taxed on income they never actually earned. Cruz is working across the aisle to reverse this policy and protect U.S.-based poker professionals.
š Subscribe now to Verdict with Ted Cruz for more hard-hitting political analysis. And donāt miss the 47 Morning Update with Ben Ferguson and the Ben Ferguson Show Podcastāavailable wherever you get your podcasts.
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