The Daily Herold: Feb. 7, 2025 - Trump’s Tax Plan, USAID’s Fallout & The Deep State’s Last Stand

Jon Herold breaks down another massive news day as Trump’s new tax plan shakes up Washington, USAID’s corruption continues unraveling, and the deep state scrambles to maintain control. With Trump proposing the biggest middle-class tax cut in history, eliminating taxes on overtime, Social Security, and tips, the regime is losing its mind—because for once, the system isn’t designed to rob you blind.

Meanwhile, the USAID collapse is turning into a full-blown global crisis, as funding cuts expose billions funneled to foreign media and influence ops, and Democrats are now openly protesting the loss of their taxpayer-funded slush fund. The media is in freefall, with Politico unable to make payroll, and CNN resorting to talking about Elon Musk’s team of "Big Balls" efficiency autists.

Also on deck: Trump fires the FEC chair, NATO suddenly worried about Greenland, and California doubles down on transgender policies despite federal pushback. Plus, the Pentagon is finally getting audited, and Trump is rewriting the rules of global power in real time.

The establishment is out of moves, and we’re here for the meltdown. Let’s get into it!