ICYMI—Hagerty Joins The Big Weekend Show on Fox News to Discuss Budget Reconciliation, Trade Negotiations

July 7, 2025

NASHVILLE, TN—Yesterday, United States Senator Bill Hagerty (R-TN), a member of the Senate Appropriations, Banking, and Foreign Relations Committees and former U.S. Ambassador to Japan, joined The Big Weekend Show on Fox News to discuss the wins within the budget reconciliation package, along with President Donald Trump’s ongoing trade negotiations.

*Click the photo above or here to watch*

Partial Transcript


Hagerty on the benefits of the budget reconciliation package: “Well, before I say anything, I just wanted to say my heart goes out to the people in Texas that are still looking for their loved ones. One of my good friends had two daughters at Camp Mystic. Thankfully, they’re safe and alive, but my heart goes out to everybody. Thank you for covering this. And with respect to the American public and their perspective on the bill, the Democrats and their partisan allies in the media have been attacking this bill nonstop, even though they had not seen the final product yet. It has been under attack for weeks, if not months. Finally, we’ve got a bill put together that I think is going to do great things for the American public. Now it’s our job to get out and message properly, but when you think about it, the American public overwhelmingly support the fact that we’re going to be rebuilding our military, our defense. We’re going to be rebuilding our energy independence and onshoring energy here in America, making us dominant. Again, if you think about it from the perspective of the working man and woman, they’re looking at about a $10,000 increase in take-home pay every year, thanks to the tax cuts that we impose. No tax on tips. The benefits that people are going to see at the working-class level are going to be enormous, and we’re going to stimulate more capital investments, which will, again, beget more economic growth and more job opportunities for people here in America. Cutting out waste, fraud, and abuse — everybody’s for that, as well. It’s interesting, the Democrats used to be for work requirements, until the Republicans actually implemented them.”

Hagerty on James Carville’s claim that the budget reconciliation will hurt Republicans long-term: “From the same man that promised John Kerry would be president of the United States. Carville just keeps getting it wrong. And I think what we’re going to see is the exact opposite. Again, when people see the benefits of this bill, when they see their take-home pay rising, when they see the economy moving again at the pace it was when we initially did this back in 2017, we’re going to see American people enjoying winning again. Carville can’t take that. They’re going to continue to message down this path. The Democrats are disheveled; I can say that. But again, I think Carville is going to wind up with egg on his face yet again.”

Hagerty on the programs that will benefit working class Americans: “The interesting thing is all of these programs are aimed at improving the life of American citizens. If you think about what the Democrats passed, the reconciliation that generated so much inflation that every American was crushed by lower real wages, they don’t seem to be apologizing for that. They missed the mark completely, subsidizing their pals in the green energy environment. But here we are actually doing things for American people that will help people in the middle-class and the working-class, and the Democrats are calling it peanuts. Again, it just shows how detached they are from reality. And that detachment has led, I think, to this complete disheveled that we’re seeing among the Democrats. And again, they just continue to promote these falsehoods. The media, of course, has been supporting them, but I think as the American public realizes the truth of this, we’re going to see a great year in 2026.”

Hagerty on the tariff deadlines for other countries to make trade deals: “I’ve actually been alongside President Trump. When I was Ambassador to Japan, we negotiated two trade deals with Japan at a time that nobody thought they could get done. President Trump has proven himself as someone that understands this. He knows that America has been getting ripped off for years. It goes all the way back to World War II. We put in place very low tariff barriers. We did this to induce countries to trade with us, but we should have time limit on it. We should have put some sort of GDP-per-capita limit because now these countries have just taken advantage of America. It’s gone on for too long. It’s time for them to shape up. It’s time for them to step up. We’ve already seen [the United Kingdom]. We’ve seen Vietnam. We’ve already seen parts of what’s going on with China. I think we’re going to see a number of deals come through here in the very near future. And for those that get the letters that are coming out very soon, they’ve got until the 1st of August to step up. But I can tell you President Trump means business on this. And I think what we’ll see is a much better and more improved trade environment, much more fair for American companies, as a result.”

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