First and foremost, I want to say I’m thinking of everyone affected by the flash flooding in Texas. The details are heart wrenching and here’s to hoping that everyone stays safe as more flooding appears to be on its way.

We start off today’s episode taking a look back at how Republicans managed to pass a tax and spending bill that so many of the party’s own caucus seemed to take issue with. We also look ahead to the kinds of political fights we expect to emerge over the legislation.

Plus, Elon Musk says it’s official that he’s starting an America Party. We all know the structural challenges that lie ahead if he actually does it, but what’s the most optimistic case for America (the party, not the country) and the most pessimistic? Also, the pause on President Trump’s Liberation Day tariffs expires on Wednesday. The betting markets are wagering that it’s going to be another case of TACO.

We didn’t have time to get to it in this episode, but we also played a game of historical election data trivia to mark the beginning of America’s semiquincentennial year. That will be in the feed for paid subscribers later this week.

Joining me is Jacob Rubashkin, deputy editor of Inside Elections, and Leah Askarinam, reporter at the Associated Press.