Good morning, folks! President Trump touched down in Saudi Arabia this morning, kicking off a major Middle East trip.

What’s he doing there? He’s securing, what some experts believe will be, up to a trillion dollars in investments in America.

America’s salesman: When companies are looking to close big deals, they send their CEO and best salesmen to close the deal. In the U.S., we’re lucky because our CEO also happens to be our best salesman.

• 🏠️ In 233 U.S. cities, starter homes cost over $1M

• 🗓️ On this day in 1981, Pope John Paul II survives assassination

• 🌎️ U.S. provides 74% of global pharma revenue; is 4.2% of population

^{Sources: Zillow, Fox News, RFK Jr.}

House drops its MAGA tax plan

House Republicans unveiled a tax reform bill aimed at extending President Donald Trump's 2017 tax cuts and codifying key campaign promises like no tax on tips and overtime.

The details: The House Ways and Means Committee released the text of the tax plan on Monday, which includes:

• No tax on tips: Income from tips would be tax-free from 2025 through 2028.

• No tax on overtime: Overtime pay would be tax-free from 2025 through 2028.

• Senior Deduction: An additional $4,000 standard deduction for individuals aged 65 and older, phased out at higher income levels.

• MAGA Accounts: Tax-preferred savings accounts for children born between 2025 and 2028, funded with $1,000 at birth.

• Child Tax Credit: Increased from $2,000 to $2,500 between 2025 and 2028, then indexed to inflation.

• Car Loan Interest: Deduction for interest on car loans for vehicles assembled in the U.S., applicable from 2025 through 2028.

• SALT Deduction Cap: Tripled from $10,000 to $30,000 for individuals earning up to $400,000.

How will they pay for it? The bill plans to offset Trump’s tax cuts by:

• Electric Vehicle Credits: Elimination of credits for new electric vehicles after December 31, 2025, with exceptions for manufacturers selling fewer than 200,000 vehicles.

• Clean-Energy Tax Breaks: Phased out starting in 2029 and eliminated after 2031.

• Remittances: Introduction of a 5% excise tax on certain payments to residents of foreign countries.

• University and Foundation Endowments: Annual tax of up to 21% on net investment income for some universities and up to 10% for foundations, with graduated scales based on wealth.

Zoom out: Once approved, this plan will be rolled into President Trump’s “One Big, Beautiful Bill,” which will also include spending cuts and spending for defense and border enforcement.

What the left is saying: Failed presidential candidate Hillary Clinton wrote on X that the bill would slash “crucial health care and nutrition assistance programs.”

• Fact check: The bill makes clear it does not touch Medicare or Social Security. It does propose cuts to Medicaid by implementing work requirements for able-bodied adults aged 19 to 64 without dependents, excluding pregnant women. Good!

Big picture: Republican lawmakers aim to pass the full “big, beautiful bill” and have it on President Trump’s desk by July 4th.

The last word goes to President Trump, who wrote on Truth Social:

• “It will be the biggest Tax Cut for Middle and Working Class Americans by far, and it is time for Main Street to WIN. MAKE AMERICA GREAT AGAIN!”

[Source: WSJ, The National Pulse]

Trump reigns in prescription drug costs

I planned to write about President Trump’s landmark prescription drug executive order, but my normally peaceful train ride into work, where I’m able to finish writing this newsletter was disrupted… Thankfully, this important story was covered thoroughly by our friends over at The National Pulse…

President Donald J. Trump signed an Executive Order implementing a “most favored nation” prescription drug pricing policy that could cut pharmaceutical costs by anywhere between 30 and 80 percent for Americans.

Click here to read the full story.

🤑 The U.S. collected a record-high $16.3 billion in tariff revenues in April as President Trump's trade policies began to take full effect. Read more.

📈 U.S. stocks surged, sending the tech-heavy Nasdaq into a new bull market, after the U.S. and China agreed to pause tariffs. Read more.

🍺 Budweiser-maker AB InBev plans to invest $300 million in U.S. manufacturing amid a push for local production under. Read more.

⛺️ California Gov. Gavin Newsom has called on the state’s cities to effectively ban encampments. Read more. He’s trying so hard to be ‘moderate’ so he can run for president.

📕 The Pentagon ordered military leaders to remove all library books that promote DEI and radical gender ideology. Read more.

🚒 Poland has accused Russian agents of orchestrating a massive fire that nearly completely destroyed a Warsaw shopping center last year. Read more.

🚙 The Trump administration is targeting climate technology that automatically turns your vehicle's engine off when it's stopped to "get a climate participation trophy." Read more.

🤮 Prosecutors allege that Sean "Diddy" Combs made a male sex worker urinate in singer Cassie’s mouth during one of his "freak off” parties. Read more. This is the same woman Combs was seen on security camera assaulting at a hotel.

👀 AOC is using a series of cross-country rallies with Sen. Bernie Sanders to consolidate support to oust Senate Minority Leader Chuck Schumer or run for president in 2028. Read more.

🎥 The Crown Prince greets President Trump as he lands in Saudi Arabia. Watch. Ultimate sign of respect. When Biden arrived in 2022, he was greeted by a governor...

🎥 RFK Jr. calls out Bernie Sanders in defense of President Trump. Watch.

🎥 The moment Hamas' last U.S. hostage is reunited with his family. Watch.

🎥 Trump had no patience for ABC News asking about Qatar gifting the U.S. a jet. Watch.

🎥 Trump tells a story about his friend taking the “fat shot.” Watch. LOL, it’s funny but highlights the issue with drug pricing.

🎥 Reason 200 to never fly Frontier Airlines. Watch.

🎥 PM Keir Starmer says the UK needs immigration reform, becoming an "island of strangers." Watch.

🎥 Progressive judges are getting people killed. Watch.

* indicates it’s a sponsored partnership.

Shop the Wake Up Right store!

About two months ago, I was at a butcher in my neighborhood and saw a diagram of a cow, with all the cuts of meat labeled. And that gave me an idea for a t-shirt:

DOGE Butcher Shop — but instead of the cow, we use a pig. And the cuts of meat in the diagram represent all the waste, fraud, and abuse being butchered by the Trump admin.

Over the last few weeks, I worked with a really talented graphic designer who brought it to life. And on Friday I got a sample in the mail and I’m happy to say, it came out better than I’d hoped.

Also, my wife told me I had to mention that the t-shirt it’s printed on is Comfort Colors. Apparently, they’re well-known for high-quality materials. I just chose them because they are printed in the U.S. and made with 100 U.S. cotton.

If you love this newsletter and want to rep the Wake Up Right fam, you can do so with the link below!

Click here to check out the Wake Up Right Shop.