The Megyn Kelly Show
Trump's 100th Day Rally, PELOSI Act Targets Stock Trading, Kamala Returns: AM Update 4/30
Wed, 30 Apr 2025
President Trump celebrates his first 100 days in office with a rally in Michigan. The White House pushes back its tax bill deadline to July 4th amid Republican negotiations over $2 trillion in spending cuts. Senator Josh Hawley reintroduces the PELOSI Act, aiming to ban members of Congress and their spouses from trading stocks while in office. Mark Carney's Liberal Party secured a minority government in Canada's 2025 federal election, marking a significant political comeback fueled by opposition to U.S. President Donald Trump's trade policies and annexation rhetoric. Former Vice President Kamala Harris prepares to reenter the political spotlight with her first major remarks since losing the 2024 election.Lean: Visit https://TakeLean.com & use code MK20 for 20% offNimi Skincare: Use code MK to Get 10% off your order at https://www.NimiSkincare.com. Where modern skincare meets timeless values.
Chapter 1: What did President Trump celebrate on his 100th day in office?
Good morning, everyone. I'm Megyn Kelly. It's Wednesday, April 30th, 2025, and this is your AM Update.
We've just gotten started. You haven't even seen anything yet. It's all just kicking in.
President Trump's celebrating 100 days in office with a Michigan rally.
They can't believe that it's legal already. They can't believe we can currently do it. Most members of the public think it's already banned. And when I say, actually, it's 100% legal, they say, why?
Senator Josh Hawley introduces the Pelosi Act, seeking to ban members of Congress and their spouses from day trading on the job. The Canadians opt to stick with their liberal prime minister. Goodbye, Pierre Polyev. And former Vice President Kamala Harris set to deliver her first major remarks since her November loss. All that and more coming up in just a moment on your AM Update.
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Let me get you started with 20% off when you enter MK20 at TakeLean.com. That's code MK20 at TakeLean. lean.com. Check it out. President Trump celebrating 100 days in office on Tuesday with a rally in Warren, Michigan. The rally concluding a day of events across Michigan. The critical swing state Mr. Trump took back from Dems in 2024.
In the afternoon, Democrat governor of Michigan, Gretchen Whitmer, appearing with the president just weeks after her last meeting with President Trump went viral. The governor then, a possible 2028 contender and vocal Trump critic, attempted to shield herself from the cameras using a binder, creating what looked like a weird game of peekaboo with the press.
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Chapter 2: What is the PELOSI Act introduced by Senator Josh Hawley?
Last month, they signed a historic executive order to begin the process of eliminating the Federal Department of Education and send education back to Michigan. We're going to send it back to our state, right? We're going to send it back to our states to run. I mean, how the hell bad can we do? We're like in last place. Linda McMahon, by the way, is doing a phenomenal job.
Mr. Trump wrapping up the night of marking his early victories by setting the stage for what's next. The White House announcing a new deadline for the so-called Big Beautiful Tax Bill, originally set for Memorial Day, now expected by July 4th. On Tuesday, Treasury Secretary Scott Besson, a lead negotiator on the bill, confirming the president's tax promises will be included.
The tax bill is moving forward. It is going to give permanence to the 2017 Tax Cuts and Job Act, which will go back to the question on certainty. It will give American business certainty. It will give American people certainty. And then President Trump is also adding the things for working Americans, no tax on tips, no tax on overtime, no tax on Social Security, making auto payments deductible.
So that will substantially address the affordability crisis.
The extension of the deadline reflecting ongoing negotiation between Republican lawmakers, largely favoring tax cuts, but divided on spending cuts. The initial framework for the budget negotiations calling for a nearly $2 trillion reduction in spending. The drastic cuts sparking many hours of contentious negotiations on the Hill. Some lawmakers pushing for cuts to Medicaid.
the federal health insurance program for low-income Americans. Senator John Kennedy of Louisiana, for example, in February, pointing out the program has grown well beyond its original goal, leaving taxpayers with the bill for 15 million able-bodied adults who don't have children or a job. Moderate Republicans, especially those in purple districts, strongly opposing any reductions to the program.
President Trump repeatedly assuring that the only cuts to Medicaid will be in the form of eliminating fraud and waste. Other cost-saving proposals include eliminating green energy tax credits, though those remain under discussion.
Another proposal to close the gap now officially off the table, a new tax bracket for earners making more than $1 million per year, a proposal pushed by Trump advisor Steve Bannon in recent weeks. Secretary Besson on Monday officially confirming that option is not in consideration.
Coming up, one senator taking aim at Nancy Pelosi and other lawmakers with incredible, indeed, unbelievable luck in the stock market. And she's back. Former Vice President Kamala Harris set to insert herself back into the national spotlight with her first major remarks since losing the November election. Thank you so much for having me.
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