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Gavin Newsom: “That's $1.3 billion small ball, but it's symbolic and…”

Featuring: Gavin Newsom, Democratic | Governor of California

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And, This is Steve Bannon | This is Gavin Newsom

Published | Video Starts at 36:42

Governor, I believe that one of the leading things you're going to see in President Trump's tax bill when it comes out that he's going to take on carried interests. And President Trump has finally had a bill. That's my kind of Doge. That's $1.3 billion small ball, but it's symbolic and subsidy. What about the $3 billion in oil gas subsidies? I mean that's ultimate corporate welfare. What do you mean? We got it. We got a drill, baby, drill. We need. We're already the 13 and a half billion barrels a day we have. (36:42–36:50)

CLAIM

Asserts that there are $3 billion in oil and gas subsidies.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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