Fox News correspondent Bryan Llenas joins 'America's Newsroom' to discuss Trump's choices for his cabinet secretaries.

I hope that headline is the question with which President-elect Donald Trump begins every conversation with House Speaker Mike Johnson and incoming Senate Majority Leader John Thune. The budget resolution, once passed by both House and Senate, unlocks the "reconciliation process" where "trailing bills" that implement the budget resolution cannot be filibustered in the Senate.

A task force of OMB Director-designate Russ Hauth, the proposed incoming National Security Advisor Rep. Michael Waltz, and two GOP members from both the Senate and the House should be working on the 2025 budget resolution all this December. We know the big "must haves":

The Trump tax cuts must be revised and made permanent. Revisions include the "no taxes on tips" promise made by Trump on the campaign trail and a revision to the SALT deduction cap. These are the promises Trump made throughout the campaign, and he should deliver them within 60 days of his inauguration.

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If I were king of the forest, I’d also put in an opportunity for all taxpayers to pay a one-time tax of 10% to convert all 401(k) and IRA holdings they chose to convert into Roth IRAs, which would gain an immediate and massive one-time payment on the deficit and debt while also liberating millions of Americans from many absurd, nanny state controls on their retirement savings.

President-elect Donald Trump needs to push hard on getting the budget done as soon as he enters the White House. (AP Photo/Alex Brandon)

"Americans had $7.8 trillion invested in 401(k)s and $14.3 trillion in IRAs in the first quarter of 2024, according to the Investment Company Institute," according to Nerd Wallet in August of this year. A tax of 10% of whatever portion of the $22 trillion converted by America’s savers into Roth IRAs would be a big lift for Trump 2.0’s first budget-reconciliation round. And it would empower Americans to plan their own financial futures free of mandatory withdrawal rules and IRS supervision. (What a super-jolt to the growth of the economy as well.)

The budget resolution must fund the rapid construction of the rest of the wall and a massive expansion of the Border Patrol, Immigration and Customs Enforcement facilities and staff, and the restoration of America’s borders and rule of law about migration. (And yes, it would be smart to regularize "Dreamers" at the same time. Trump can do a "Nixon-to-China" major move in this budget and expand his coalition while doing so.)

Trump’s commitment to a restored and renewed military should be in the........

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