Latest / The Ben Ferguson Podcast / BIDEN GIVES YA $1400, and now WANTS IT BACK IN MASSIVE TAX HIKES COMING SOON!

Transcript

BIDEN GIVES YA $1400, and now WANTS IT BACK IN MASSIVE TAX HIKES COMING SOON! · The Ben Ferguson Podcast

0:00
Speaker 1: So leave it to the Biden administration to pull off
0:03
Speaker 1: something this stupid. Send you a check, and while you're
0:06
Speaker 1: waiting on the check, they then announced that they're going
0:10
Speaker 1: to go on a tour to tell you why they're
0:12
Speaker 1: going to raise your taxes. This is not a joke.
0:17
Speaker 1: We are now being told that the Biden administration because
0:20
Speaker 1: of the COVID package, they just passed the one point
0:23
Speaker 1: nine trillion dollars COVID package where you only got nine
0:27
Speaker 1: cents on the dollar, just a little dinky nine cents
0:33
Speaker 1: on the dollar. That's all. You got nine cents on
0:38
Speaker 1: the dollar, and they wasted all your other money on
0:41
Speaker 1: things I had nothing to do with COVID nineteen. They
0:44
Speaker 1: now got to raise your taxes. Yeah, gotta raise your taxes.
0:48
Speaker 1: We are now getting word the Biden administration is planning
0:50
Speaker 1: the biggest and most expensive tax increase that we have
0:55
Speaker 1: seen since nineteen ninety three, when Bill Clinton had his
0:59
Speaker 1: desires as signature overhaul of the tax hikes and system
1:04
Speaker 1: that costs him then the House and the Senate just
1:07
Speaker 1: another year later in the midterm elections. This time, however,
1:11
Speaker 1: they say it's going to be palatable because Biden is
1:14
Speaker 1: focusing on addressing what he refers to the unequal treatment
1:19
Speaker 1: between work and wealth. In other words, if you go
1:24
Speaker 1: to work and you work, and you do work that
1:27
Speaker 1: they say is appropriate work, then they're not going to
1:31
Speaker 1: raise your taxes. I guess is bad. But if you're
1:34
Speaker 1: someone that goes to work and you build wealth, then
1:38
Speaker 1: there is a huge problem with you, and that's who
1:42
Speaker 1: they're going to then get tax dollars from. Now, let's
1:45
Speaker 1: just talk about where we are as a nation when
1:47
Speaker 1: it comes to debt. These numbers I'm about to give
1:50
Speaker 1: you extremely important. The last time we had a major
1:54
Speaker 1: financial crisis in this country I'm talking about from a
1:58
Speaker 1: taxing issue where a party went nuts on taxes was
2:02
Speaker 1: Jimmy Carter in nineteen eighty the US federal debt to
2:07
Speaker 1: GDP ratio, which costs in the Rood House, And for
2:10
Speaker 1: Reagan to actually beat Carter because people understood how bad
2:14
Speaker 1: things are out of whack, was nineteen eighty. In nineteen eighty,
2:18
Speaker 1: you had a total overhaul of the ideas in this country,
2:22
Speaker 1: an overhaul because people were sick and tired of these
2:25
Speaker 1: tax rates and they wanted something different from their government.
2:29
Speaker 1: And so in nineteen eighty, when people were waving the
2:32
Speaker 1: red flag, warning people that we were getting out of
2:35
Speaker 1: whack with how much money we're spending compared to how
2:37
Speaker 1: much money we're bringing in taxes. Of your tax dours,
2:40
Speaker 1: our US federal debt to GDP ratio was thirty four
2:44
Speaker 1: point five four percent, So just let's just round at
2:46
Speaker 1: thirty five percent. That meant that we were in the
2:49
Speaker 1: red thirty five percent US federal debt to GDP ratio.
2:53
Speaker 1: You want to know where we are now today when
2:55
Speaker 1: no one's paying attention to this, We are now at
2:57
Speaker 1: one hundred and twenty nine point eight one percent US
3:01
Speaker 1: federal debt to GDP ratio. There is no way that
3:05
Speaker 1: this can continue without some sort of massive financial collapse
3:08
Speaker 1: and or massive financial crush of the American people. In
3:13
Speaker 1: the way of taxes, there also is a third alternative.
3:17
Speaker 1: We have record tax revenue coming in this country. The
3:20
Speaker 1: amount of tax revenue we have coming in is just
3:22
Speaker 1: truly unbelievable. Yet somehow we always seem to spend more
3:29
Speaker 1: money than we are bringing in, even if we have
3:31
Speaker 1: record number of dollars coming in, the US federal tax
3:35
Speaker 1: revenue right now, right now is at three point four
3:38
Speaker 1: trillion dollars. That's an amazing amount of money. Revenue per
3:43
Speaker 1: citizens over ten thousand bucks, that's incredible. Income tax revenue,
3:48
Speaker 1: for example, is amazing right now one point six trillion,
3:52
Speaker 1: Payroll tax revenue one point three million or trillion, i
3:55
Speaker 1: should say, corporate tax revenue eighteen billion, tariff tax revenue
4:01
Speaker 1: sixty seven billion. We have a lot of money coming
4:03
Speaker 1: in right now in taxes. We have an amazing amount
4:06
Speaker 1: of money. We have plenty of money to run this country,
4:08
Speaker 1: but we refuse to actually make sense when we get
4:11
Speaker 1: this money. We just decide to throw money around like crazy.
4:14
Speaker 1: You want to know how bad things are right now?
4:16
Speaker 1: This year, the largest budget items in our budget in
4:20
Speaker 1: this country is medicare. Medicaid at one point two trillion
4:23
Speaker 1: so far for the year. So security is at one
4:26
Speaker 1: point one trillion for the year. Then you have defense
4:30
Speaker 1: in war spending at seven hundred and twenty three billion.
4:34
Speaker 1: And here is the fourth thing on our list. The
4:37
Speaker 1: largest budget items for this year are almost four hundred billion.
4:44
Speaker 1: Is what we are going to spend on interest on
4:46
Speaker 1: our debt that we are on the money we're borrowing
4:48
Speaker 1: right now, so when you pay your taxes, four hundred
4:51
Speaker 1: billion of your tax dollars are actually going right now
4:54
Speaker 1: to just pay the interest on the money we owe.
4:56
Speaker 1: As a country. We have an incredible amount of un
5:00
Speaker 1: fund of debt and interest in this country. The US
5:03
Speaker 1: total interest paid so far as a country is three
5:07
Speaker 1: point eight trillion dollars. We as a nation have spent
5:11
Speaker 1: three point eight trillion just on paying the interest off
5:13
Speaker 1: the money that we owe. If you want to know
5:16
Speaker 1: how much interests we've paid per adult in this country,
5:18
Speaker 1: it's over fifteen thousand dollars. To put it in perspective again,
5:24
Speaker 1: this is why we have record number of dollars coming
5:26
Speaker 1: into the US government coffers and we still can't balance
5:29
Speaker 1: a damn budget. Let's talk about trade for a second.
5:33
Speaker 1: You want to know how much US debt is being
5:34
Speaker 1: held by foreign countries around the world. Much of it
5:36
Speaker 1: is China and some of our enemies. Seven over seven
5:40
Speaker 1: point one trillion is being held by foreign countries that
5:43
Speaker 1: owe that own our debt. US debt held by foreign
5:48
Speaker 1: countries is over seven trillion dollars. That should terrify all
5:51
Speaker 1: of us. Now, I give you those numbers to tell
5:54
Speaker 1: you just so you know where we are. We are
5:56
Speaker 1: so upside down right now, there's no reason for this
5:58
Speaker 1: because we have plenty of money coming in. Our federal
6:01
Speaker 1: debt to GDP ratio is one hundred and twenty nine
6:04
Speaker 1: percent in the red. So Joe Biden says, hey, I'm
6:08
Speaker 1: going to send you a check for fourteen hundred hours.
6:11
Speaker 1: I'm gonna give you nine cents on every dollar, and
6:13
Speaker 1: then I'm going to waste all the rest of the money.
6:15
Speaker 1: And then I'm immediately going to announce the largest tax
6:17
Speaker 1: increase that we've seen since the nineteen nineties, because he
6:21
Speaker 1: understands we have to pay for this crap. Now. What
6:24
Speaker 1: he said is is, don't worry. If you don't make
6:26
Speaker 1: any money, you're not gonna have to worry about tax increasing.
6:29
Speaker 1: If you make very little money, you're not gonna have
6:30
Speaker 1: to worry about these tax increases. We're going to attack
6:33
Speaker 1: those that are giving independence to Americans. This is about
6:37
Speaker 1: getting more Americans dependent on the Biden administration for their livelihood.
6:43
Speaker 1: If there's any time that America cannot handle a tax increase,
6:47
Speaker 1: especially of those that create jobs in this country in
6:50
Speaker 1: the private sector, it is actually right now. Right now
6:54
Speaker 1: is the worst time to do this because of what's
6:57
Speaker 1: just happened the last year. Almost every person that I
7:00
Speaker 1: know that has some amount of wealth over half a
7:04
Speaker 1: million dollars or a million dollars or two million dollars,
7:08
Speaker 1: is that money is disappearing day after day after day
7:13
Speaker 1: after day. That money keeps disappearing because they're trying to
7:16
Speaker 1: keep their businesses that they created afloat. They're just trying
7:21
Speaker 1: to survive. I know people that have lost thirty and
7:25
Speaker 1: forty percent of their wealth in the last year alone,
7:28
Speaker 1: not to mention how much their businesses are now devalued,
7:32
Speaker 1: and they're just trying to survive. So now what you
7:34
Speaker 1: want to do is make it even harder on them
7:36
Speaker 1: to survive. This is being done on purpose. This isn't
7:39
Speaker 1: an accent. I don't believe the bidenministration is actually this stupid.
7:41
Speaker 1: I actually believe that this smart. They understand that if
7:45
Speaker 1: you can crush some small businesses right now and make
7:48
Speaker 1: it virtually impossible for them to survive right now, you're
7:51
Speaker 1: on really good footing moving forward, because then you'll have
7:55
Speaker 1: more Americans depend on you than ever before. I want
7:59
Speaker 1: you to think also just dumb. This is I'm talking
8:01
Speaker 1: about just in competency. I'm talking about just basic stupidity
8:05
Speaker 1: right now, Okay, who sends you a check for fourteen
8:10
Speaker 1: hundred dollars and then immediately says they're going to raise
8:13
Speaker 1: your taxes? Who says that? Who does that? It doesn't
8:17
Speaker 1: make any sense at all. Here's fourteen hundred dollars. Now
8:20
Speaker 1: I'm going to need more than fourteen hundred hours back.
8:22
Speaker 1: That's what they're telling us. And they're going on the
8:25
Speaker 1: road to sell you on this. Biden is actually going
8:30
Speaker 1: to travel on Air Force one with Kamala Harris to
8:33
Speaker 1: sell the American people on raising taxes. But remember, you
8:37
Speaker 1: shouldn't be afraid of these tax breaks. If you're a
8:39
Speaker 1: worker Bee, you should only be a tax increase. I say,
8:42
Speaker 1: you should only be afraid these tax increases if you're
8:45
Speaker 1: actually a person. They say that builds wealth. In other words,
8:49
Speaker 1: if you're a business owner, we're gonna drown you. I
8:54
Speaker 1: want to give you another example of this tax increase
8:58
Speaker 1: and where a lot of this started. Right. Another way
9:01
Speaker 1: of saying what Joe Biden is saying while he's trying
9:04
Speaker 1: to suffocate small businesses in this country and trying to
9:08
Speaker 1: hurt people that have might actually employ people, is to
9:11
Speaker 1: basically call this nothing more than a wealth tax. Now
9:14
Speaker 1: there's one Democrat that's had no issues calling this exactly
9:18
Speaker 1: what it is, a wealth tax, and her, Elizabeth Warren,
9:20
Speaker 1: has been pushing this. This was just nine days ago
9:23
Speaker 1: when she came out and no one was paying attention
9:26
Speaker 1: to her while she was talking about, Hey, a wealth
9:28
Speaker 1: tax is something we need in America. So here's fourteen
9:31
Speaker 1: hundred dollars to every American out there, right except for
9:33
Speaker 1: those that make a lot of money. We're not going
9:35
Speaker 1: to give you any of your money back. We're gonna
9:36
Speaker 1: take your money and give it to other people that
9:38
Speaker 1: need your money. And then Senator Warren comes out and says,
9:40
Speaker 1: what this really is. It's a wealth tax. It is
9:42
Speaker 1: a success tax. That's what this is. Take a listen,
9:45
Speaker 1: so we'll take questions. How about if we start with
9:48
Speaker 1: any questions around the wealth tax, and then if you've
9:50
Speaker 1: thought other questions, we'll stay for us. Sure. But by
9:52
Speaker 1: the way, she's not I want to hear Elizabeth warrenier.
9:56
Speaker 1: She's not walking away from this, folks. Elizabeth Warren sitting there,
10:00
Speaker 1: she's calling it a wealth tax. This is class warfare.
10:05
Speaker 1: She is trying to go back to the basic old
10:07
Speaker 1: playbook that anyone that has money as evil, even though
10:10
Speaker 1: I've got millions and millions of dollars claiming I was
10:12
Speaker 1: a minority when I'm actually not getting jobs that would
10:16
Speaker 1: have never gotten by claiming I'm a Native American when
10:18
Speaker 1: I did when I'm not a Native American, acting like
10:20
Speaker 1: she's a minority when she wasn't a minority. She's a
10:22
Speaker 1: white cracker woman just like me. Exce if I'm a dude,
10:24
Speaker 1: she's a chick. Yes, there is a difference. But Elizabeth
10:28
Speaker 1: Warren's out there. All these other Democrats you notice that
10:31
Speaker 1: are calling this wealth tax. They're all rich as hell.
10:33
Speaker 1: Biden's rich as hell, Warren's riches Hell, Pelosi's richest hell.
10:37
Speaker 1: And they've all gotten rich being in government, which is
10:39
Speaker 1: not what's supposed to happen. But they're coming after the
10:44
Speaker 1: evil rich people, and they need you to understand we
10:46
Speaker 1: need a wealth taxas country. We want to turn our
10:49
Speaker 1: supporters against a successful in this country. So please ask
10:53
Speaker 1: me questions about the wealth tax. I want you to
10:56
Speaker 1: know that I'm going to war with these evil rich people,
10:58
Speaker 1: which I'm one of. How about if we start with
11:00
Speaker 1: any questions around the wealth tax and then if you've
11:02
Speaker 1: got other questions, we'll stay fit of sure. Look, I'd
11:11
Speaker 1: be delighted to see us move forward with the wealth
11:13
Speaker 1: tax at any point. Uh. It's something we need in America.
11:18
Speaker 1: And that's why we're out here today. We're putting it
11:20
Speaker 1: out so everyone can see it and start to talk
11:23
Speaker 1: about it. It's got a lot of details and how
11:25
Speaker 1: it works. It's got things like what the what the
11:29
Speaker 1: rate will be for uh, monitoring the income and checking
11:35
Speaker 1: out each of the billionaires that are subject to it
11:39
Speaker 1: and the ultra millionaires. But we want to put it
11:42
Speaker 1: out there so people can start to consider it and
11:44
Speaker 1: put it in a package. We need to move forward
11:47
Speaker 1: on this. Here's my question, why is it that we
11:50
Speaker 1: have demonized and made rich people so evil when it's
11:53
Speaker 1: rich people that are the people that give us jobs.
11:56
Speaker 1: Rich people are the ones that create the biggest and
11:58
Speaker 1: the coolest industries out there. They're the ones that take
12:01
Speaker 1: the biggest risks to create new interests in infrastructure. I mean, well,
12:04
Speaker 1: look at Tesla for example. That guy risks money like crazy,
12:09
Speaker 1: whether it's SpaceX or whatever it may be. These guys,
12:13
Speaker 1: if they're wrong, lose hundreds of millions. If not billions
12:18
Speaker 1: of dollars. Why are we demonizing them and turning them
12:23
Speaker 1: into spawn of Satan? Because they need class warfare in
12:28
Speaker 1: this country. You know. Bill Cassie was on Fox New
12:32
Speaker 1: Sunday talking about the Trump tax cuts, and he was right.
12:36
Speaker 1: He said, look, the tax cuts to quote evil big
12:39
Speaker 1: businesses allowed us record employment rates, meaning record unemployment rates,
12:45
Speaker 1: all time lows. Meanwhile, you listen to Joe Biden and
12:50
Speaker 1: he says, no, no no, no, no no, I gotta get rid
12:52
Speaker 1: of all these evil big businesses. They got tax breaks
12:55
Speaker 1: that went into record hiring, that had more people employed
13:00
Speaker 1: than any other time in my lifetime. I got to
13:03
Speaker 1: stop that from happening because I need people dependent on
13:05
Speaker 1: the government, my food, my food stands, my government aid.
13:09
Speaker 1: That's what Biden needs to win. That's what the Democrats
13:12
Speaker 1: need to win. They need people dependent on them where
13:15
Speaker 1: they can't survive and the lights are turned off if
13:17
Speaker 1: they're not they're defending or writing that check. Take a
13:21
Speaker 1: listen to Bill Cassie talking about the Trunk tax cuts
13:23
Speaker 1: to big businesses, and the fact is it allowed for
13:26
Speaker 1: record employment in America. It worked. In other words, out
13:30
Speaker 1: just exactly that in the next segment. But let me,
13:32
Speaker 1: come at this one last way. President Biden is going
13:35
Speaker 1: to be traveling around the country in the next few
13:38
Speaker 1: weeks saying things like this, it provides food and nutrition,
13:43
Speaker 1: keeps families in their homes, and it will cut child
13:47
Speaker 1: poverty in this country in half. He and other Democrats
13:54
Speaker 1: are gonna say, look back in twenty seventeen, Republicans and
13:58
Speaker 1: President Trump passed big tax cuts to benefit corporations and
14:02
Speaker 1: the wealthy. We the Democrats, he's going to say, are
14:06
Speaker 1: taking care of working class people. So first, let's look
14:11
Speaker 1: at the Trump economy, if you will, in which there
14:14
Speaker 1: was red record employment for those without a high school education,
14:20
Speaker 1: for high school dropouts, for the disabled, for veterans, for
14:23
Speaker 1: African Americans, Hispanics, women fill in the blank record employment. Now,
14:29
Speaker 1: that was the sort of economy that resulted from the
14:32
Speaker 1: Trump tax cuts. Indeed, the last time I was on
14:35
Speaker 1: with you, you had somebody from President Biden's Economic Council
14:39
Speaker 1: saying they wanted to return to the economy pre COVID.
14:43
Speaker 1: He kind of caught himself because that was the Republican
14:45
Speaker 1: Senate and the Trump economy. Now now they're trying to
14:49
Speaker 1: do it by just pumping dollars in it may work
14:52
Speaker 1: or may night inflation, which pulls down somebody into a
14:55
Speaker 1: vortex of losing their savings. We'll see. Is it better
14:59
Speaker 1: to let people keep the own money or is it
15:01
Speaker 1: better to take it from him and give it back.
15:03
Speaker 1: That's the difference between the two parties, which is exactly
15:06
Speaker 1: what Biden is doing. Right now, here's fourteen hundred hours
15:09
Speaker 1: of your money back. Right. This isn't anybody else's money,
15:11
Speaker 1: it's your money. Here's fourteen hundred bucks back of your dollars.
15:16
Speaker 1: And while I give it back to you, I'm going
15:17
Speaker 1: to tell you I'm about to raise the crap out
15:19
Speaker 1: of your taxes. And they're not just done with this.
15:23
Speaker 1: So you understand, Mayor Pete. He's the guy in charge
15:30
Speaker 1: of energy and all this other crap. He has now
15:32
Speaker 1: come out today saying that we should explore indexing the
15:35
Speaker 1: gas tax to inflation. So he wants to raise the
15:38
Speaker 1: tax on you at the pump as well. For infrastructure,
15:41
Speaker 1: get possible trust to go forward and thrive as a country.
15:45
Speaker 1: Mister Secretary, you've gotten into the dot and had a
15:49
Speaker 1: quick look under the hood. I'm curious what are America's
15:52
Speaker 1: greatest infrastructure needs right now? If there is an infrastructure
15:57
Speaker 1: bill that's following up, what are some of the most
16:00
Speaker 1: important elements that need to be in that bill. Well,
16:04
Speaker 1: if there's a lot we've got to do to look
16:05
Speaker 1: to the futures and think about what it would mean
16:07
Speaker 1: to this country if Americans could expect the same quality
16:11
Speaker 1: of passenger rail travel as people in other developed countries.
16:14
Speaker 1: Think about what it will mean to this country when
16:17
Speaker 1: we have enough electric vehicle charging stations that these incredible
16:21
Speaker 1: vehicles that Detroit and other automakers are producing are something
16:25
Speaker 1: you can take anywhere. But by the way, you noticed
16:27
Speaker 1: that they're selling you a lie. Right now, right we're
16:31
Speaker 1: going to put up a bunch of random charging stations
16:33
Speaker 1: that you've seen all over the country where they put
16:35
Speaker 1: them up with these tax breaks under Biden years that
16:37
Speaker 1: no one is using. There's a charging station at almost
16:40
Speaker 1: every Walgreens and cvs around my house, and I never
16:43
Speaker 1: see a car plugged in. That was all paid for
16:47
Speaker 1: with your tax hours. It was all these tax breaks.
16:49
Speaker 1: If you became like a green parking lot, it's not
16:51
Speaker 1: a joke. It's in the Obama years, and we'll pay
16:55
Speaker 1: you to put these in. You just heard mayor pet
17:00
Speaker 1: this is the Secretary of Transportation, the US Department transtation
17:04
Speaker 1: telling you that we're going to do rail service now
17:06
Speaker 1: in this kumbayaway. We'll get you all over the country.
17:09
Speaker 1: We're a spread out country, dude, that we're not Europe.
17:13
Speaker 1: Rail service in America doesn't make sense like it makes
17:16
Speaker 1: sense in Europe. How much money are you going to
17:19
Speaker 1: spend on this. I'm in favor of rail where it
17:24
Speaker 1: makes sense, right. I used Amtrak from DC to New
17:28
Speaker 1: York probably a hundred times when I lived in DC.
17:31
Speaker 1: It makes sense when you're in the Northeast where there's
17:34
Speaker 1: a lot of places close like Connecticut, New York City
17:36
Speaker 1: and all these other trains and Amtrak. That makes sense
17:39
Speaker 1: large population areas. But if you think we're going to
17:42
Speaker 1: get a rail system all over the country, what good
17:45
Speaker 1: would a rail really do and how many people are
17:47
Speaker 1: really going to use it in place like Tennessee, Missisippian Arkansas.
17:49
Speaker 1: I mean, is there some massive need that I know
17:52
Speaker 1: about of a rail from Memphis to Little Rock? And
17:55
Speaker 1: would it ever become financially stable? No? Would people would
17:58
Speaker 1: I can maybe do it at first, sure, but ultimately
18:01
Speaker 1: a lot of people when you have longer areas and
18:03
Speaker 1: distances to cover. Would rather be in their car, so
18:06
Speaker 1: they can stop where they want to, they can eat
18:07
Speaker 1: where they want to, They're not locked in for hours
18:09
Speaker 1: on end in a train. Our states are too long,
18:13
Speaker 1: they're too big, they're too wide, they're too open for
18:15
Speaker 1: it to make sense for there to be train travel everywhere.
18:18
Speaker 1: That's why people fly. But then on one flying, flying
18:23
Speaker 1: is bad for the world, right, Flying is bad for
18:25
Speaker 1: green energy. So we're going to spend a bunch of
18:28
Speaker 1: money on you having a bunch of charging stations and
18:31
Speaker 1: a bunch of railways that won't be used by people
18:34
Speaker 1: because it will still take too long to get from
18:35
Speaker 1: point A to point B. Or people would rather just
18:38
Speaker 1: be in their dead gum cars. But we're gonna force
18:43
Speaker 1: you into this, and we're gonna force you into this
18:45
Speaker 1: by what Mayor Pete says next, and that is we're
18:49
Speaker 1: gonna explode taxes at the pump and what it costs
18:53
Speaker 1: to fill your car up with gas, not just the
18:56
Speaker 1: actual price of oil, but also the taxes you pay
18:59
Speaker 1: at the pump. The reason why Mayor Pete has come
19:04
Speaker 1: out and is the guy that's in charge. How he
19:06
Speaker 1: got this job at the US Department Translations to Translations secretaries.
19:10
Speaker 1: Because he hates oil and gas. He's been on records
19:14
Speaker 1: hating all gas for decades. He believes that you should
19:17
Speaker 1: be forced in alternative energy. And that's exactly the reason
19:20
Speaker 1: why now he's saying we are exploring indexing the gas
19:23
Speaker 1: tax to inflation, because he wants the price of gas
19:26
Speaker 1: to get so expensive that then you will get an
19:28
Speaker 1: electric car that you will get on one of his
19:33
Speaker 1: railways that he wants to build in this country, to
19:35
Speaker 1: force you in a mass transit instead of independence of
19:39
Speaker 1: having your own car. Democrats have done something, and I
19:45
Speaker 1: warned about this ten years ago. They've figured out that
19:48
Speaker 1: it's a lot easier to price you out of things
19:52
Speaker 1: and is to pass laws banning things. Look at what
19:56
Speaker 1: they're trying to do with guns. They want to have
19:57
Speaker 1: a two hundred dollar tax on a magazine, a two
19:59
Speaker 1: hundred our at tax on every gun that you have
20:02
Speaker 1: that they don't like. They want to now make it
20:05
Speaker 1: where it's impossible for you to be able to afford
20:09
Speaker 1: what it costs to drive a car. So you all
20:11
Speaker 1: go back to our turn of energy. It's the same
20:12
Speaker 1: thing Obama administration did. That's what they advocated for. So
20:18
Speaker 1: they're just resurrecting these old ideas and now pushing them
20:22
Speaker 1: even more into the future, forcing the price up even
20:26
Speaker 1: more than we're willing to do it under the Obama years.
20:29
Speaker 1: So now all of a sudden, Mayor Pete comes out
20:31
Speaker 1: at the same time Biden's coming out saying I'm going
20:33
Speaker 1: to raise your taxes more than anybody else has in
20:35
Speaker 1: your lifetime. And I'm going to raise a tax on
20:38
Speaker 1: you at the pump more than anybody else has probably
20:40
Speaker 1: in their lifetime as well. It's not just the kind
20:43
Speaker 1: of sizzling futuristic stuff. Frankly, a lot of it's taken
20:47
Speaker 1: care of the basics. The engineers came out with their
20:49
Speaker 1: report card again, I think we got a D plus
20:51
Speaker 1: and a lot of the categories because we know that
20:54
Speaker 1: there was an enormous backlog just in terms of our
20:57
Speaker 1: roads and bridges. We've just got to fix us. Governor
21:00
Speaker 1: Whitmer often said to fix the damn roads, and that
21:04
Speaker 1: is a safety issue. We know what happens when a
21:06
Speaker 1: bridge is in poor repair and is allowed to stay
21:09
Speaker 1: that way. It's a job's issue because there's an enormous
21:12
Speaker 1: amount of work to be done. So We're going to
21:14
Speaker 1: have to do equal parts looking to the future but
21:17
Speaker 1: also taking care of what we've already got, with an
21:19
Speaker 1: eye toward climate, with an eye toward equity, and with
21:22
Speaker 1: an eye toward all the jobs that we can create,
21:24
Speaker 1: while also making it all safer and paying for it
21:29
Speaker 1: and getting Republicans on board for a massive infrastructure plan.
21:34
Speaker 1: There are most see years ahead of work, possibly tens
21:40
Speaker 1: of thousands of jobs created, but it's got to be
21:43
Speaker 1: paid for. What are your thoughts looking ahead at working
21:47
Speaker 1: with Republicans to get a plan approved. Yeah, I think
21:51
Speaker 1: it's no secret that this is going to be the
21:54
Speaker 1: most challenging part about keeping this bipartisan. I'll tell you
21:58
Speaker 1: I'm talking to Republicans in the House and Senate just
22:02
Speaker 1: about every day. They are just as excited as the
22:05
Speaker 1: rest of the American people about what we can build,
22:07
Speaker 1: what we can repair, what we can do for infrastructure,
22:10
Speaker 1: because you know, everybody here in Washington represents a home
22:12
Speaker 1: state or a home district that needs the work. But
22:16
Speaker 1: we've got to come to terms on how to pay
22:18
Speaker 1: for it. Now. The real question is how much of
22:20
Speaker 1: this should be paid for with revenue that is raised
22:23
Speaker 1: as part of the vision for the bill, and there
22:26
Speaker 1: are a lot of different ways to get at that.
22:28
Speaker 1: You know, Historically, for example, we've mostly relied on the
22:31
Speaker 1: gas tax in order to fund our highways. But the
22:34
Speaker 1: gas tax hasn't been adjusted since nineteen ninety three. It
22:37
Speaker 1: was never pegged to inflation. And even at best, that's
22:41
Speaker 1: a medium term solution because as electric vehicles come onto
22:44
Speaker 1: the road, people are going to use less gas anyway,
22:46
Speaker 1: So we've got a lot of decisions to oh did
22:49
Speaker 1: you hear that? So even as electric vehicles come on
22:53
Speaker 1: here it is here, it is folks. Here's the kicker.
22:59
Speaker 1: Even as electric vehicles come into you know reality, right,
23:03
Speaker 1: even as electric vehicles come in, we know that there's
23:09
Speaker 1: gonna be more electric vehicles on the road, which means
23:12
Speaker 1: less gas will be bought, which means it's gonna have
23:13
Speaker 1: to go even higher to deal with that. So they're
23:18
Speaker 1: gonna just skyrocket and force you to pay for the
23:21
Speaker 1: roads that are being used by the electric vehicles. So
23:24
Speaker 1: then you'll want to get that electric vehicle. But then
23:27
Speaker 1: what happens to our roads when they're just getting hammered
23:29
Speaker 1: every day by the electric vehicles? You know what's gonna
23:32
Speaker 1: happen they'll raise taxes on you then anyway, because there's
23:36
Speaker 1: no reason not to. Right, you just raise taxes in
23:41
Speaker 1: any way because there's literally no reason not to do
23:43
Speaker 1: it at that point, no reason at all not to
23:48
Speaker 1: do it. Just let's just let's go, let's do it.
23:50
Speaker 1: Let's make it happen. We're gonna make this work, right,
23:55
Speaker 1: We gotta make this happen right now. And I love
24:02
Speaker 1: how they act and talk about this like it's just
24:04
Speaker 1: not even an issue, it's not a big deal. You
24:07
Speaker 1: just gotta make it happen, folks, You just gotta you
24:10
Speaker 1: just gotta eat it and bite the bullet and make
24:12
Speaker 1: this happen. And we're gonna raise taxes on the roads.
24:15
Speaker 1: We're gonna raise taxes on individuals. We're gonna raise taxes
24:18
Speaker 1: the pump. We're going to force you into believing what
24:21
Speaker 1: we believe. You don't have options anymore with these people.
24:27
Speaker 1: There are only bad options. You either get on board
24:29
Speaker 1: or run over you are. Those are your options. You
24:35
Speaker 1: get on board, or we'll bury you. So the left
24:41
Speaker 1: has just gotten evil, as we said, or excuse me,
24:44
Speaker 1: the writer has gotten evil. The rich you've got our evil,
24:47
Speaker 1: as they've declared, over and over and over again. And
24:51
Speaker 1: this is how we're gonna do this. Now, we're gonna
24:53
Speaker 1: pound you into submission, and you don't have a choice.
24:57
Speaker 1: We are going to own you. There is no nothing
25:00
Speaker 1: that you can do to stop us. We're gonna tell
25:04
Speaker 1: you as we've been doing what you can and cannot do,
25:06
Speaker 1: and you can't stop us. Man, it must be fun
25:12
Speaker 1: to be a democrat. Right now, force us all into submission.
25:16
Speaker 1: Raise our taxes while handing us a check. Raising, I mean,
25:20
Speaker 1: raising our taxes while handing us a check is probably
25:23
Speaker 1: the most cajone is saying I've ever seen Joe Biden do.
25:29
Speaker 1: Here's you your fourteen hundred dollars. Now give me all
25:32
Speaker 1: your money. What that's right, here's fourteen hundred dollars. Now
25:37
Speaker 1: I'm going to raise your taxes. We're going full out
25:44
Speaker 1: class warfare, full on class warfare, total class warfare. You
25:52
Speaker 1: have any amount of money in a bank account, you
25:54
Speaker 1: make any decent money, We're gonna pound you. You have
25:58
Speaker 1: any basic amount of cash, and you and you and
26:03
Speaker 1: you create jobs, and you build businesses, and you take risks,
26:06
Speaker 1: We're gonna pound you. This is a war of having
26:11
Speaker 1: have knots. This is what we are now doing. It
26:14
Speaker 1: is a war of have and have knots. The price
26:19
Speaker 1: of everything is about to go through the roof, and
26:21
Speaker 1: they are planning it on purpose. This is all on purpose.
26:33
Speaker 1: You've been warned. Many people voted for this. You're welcome.
26:40
Speaker 1: We told you this was going to be a problem,
26:43
Speaker 1: and so many didn't listen. You didn't pay attention. And
26:49
Speaker 1: may Or Pete just said it, and so did all
26:52
Speaker 1: these others. They said it to you beforehand, and now
26:55
Speaker 1: they're doing it, and people are gonna be in shock, like, wait,
26:57
Speaker 1: hold on, I didn't know this was actually going to happen.
27:00
Speaker 1: What did you think we're gonna I mean, what's going
27:02
Speaker 1: to happen? Even Liz Cheney said this about the taxes.
27:06
Speaker 1: Thanks for joining us today. We've got a number of
27:11
Speaker 1: pieces of legislation that we continue to be very concerned about. Obviously,
27:16
Speaker 1: the COVID package, which is coming to the floor. We
27:20
Speaker 1: don't know either today or tomorrow. It's a real tragedy
27:24
Speaker 1: when you look at that package. We know that that
27:27
Speaker 1: the result of that package is going to be middle
27:30
Speaker 1: class tax increases. We know for sure that it includes
27:35
Speaker 1: provisions that are not targeted. They're not temporary, they're not
27:38
Speaker 1: related to COVID, And it didn't have to be this way.
27:42
Speaker 1: We could have had a bill that was, you know,
27:46
Speaker 1: a fraction of the class of this one, that could
27:48
Speaker 1: have gotten bipartisan approval and support. But the Speaker decided
27:53
Speaker 1: to go in another direction, and so we are going
27:56
Speaker 1: to be saddled with a burden spending bird and a
28:00
Speaker 1: tax burden that is really indefensible from the perspective of
28:05
Speaker 1: what it actually accomplishes. Even Liz Chenney, who I'm not
28:10
Speaker 1: a fan of right now, gets what's about to happen.
28:13
Speaker 1: A massive tax increase. So congratulations, you're getting these checks,
28:21
Speaker 1: and immediately they're going to raise your taxes at levels
28:24
Speaker 1: we haven't seen in the nineteen nineties. And then they're
28:26
Speaker 1: going to raise the taxes at the pump, and then
28:29
Speaker 1: you've got states they're gonna end up raising taxes just
28:32
Speaker 1: like we've seen in California and Hawaii, in Seattle and
28:35
Speaker 1: all these other places where they're raising taxes. And the
28:37
Speaker 1: reason why they're raising the taxes is obvious. You know it,
28:41
Speaker 1: and I know it. It's very clear. Why are they
28:45
Speaker 1: doing it right now? Because they can't balance a budget.
28:47
Speaker 1: And oh, in the one point nine trillion dollar bailout.
28:50
Speaker 1: Let's not forget all of the things are actually in
28:52
Speaker 1: that build that built out place like San Francisco. They've
28:54
Speaker 1: got incredible amounts of money in San Francisco, folks. We
28:59
Speaker 1: built every state that couldn't balance their budget. While other
29:02
Speaker 1: states balance their budget. No one is talking about that.
29:09
Speaker 1: You had twenty one thousand for federal employees to stay
29:12
Speaker 1: at home and work. In this bill, you had twenty
29:16
Speaker 1: five thousand bonus for state government workers. And then you
29:21
Speaker 1: had money going directly to local places that couldn't do
29:23
Speaker 1: their budgets. Nancy Pelosi got six hundred million of year
29:26
Speaker 1: dollars to go to San Francisco because they couldn't deal
29:28
Speaker 1: with their budgets. One point five billion to Amtrak because
29:32
Speaker 1: they can't make a dollar. They send all this money
29:37
Speaker 1: to things that were just portbread projects for people that
29:39
Speaker 1: couldn't do anything. A total three hundred and fifty billion
29:42
Speaker 1: dollars in the stimulus bill actually went to bailout blue
29:46
Speaker 1: states that haven't balanced their budgets. You're welcome, that's what
29:52
Speaker 1: you just paid for, all right. Lastly, just want to
29:56
Speaker 1: say thank you for listener podcasts and also Thank you
29:59
Speaker 1: guys for being advocates of this podcast. Please take screenshots
30:03
Speaker 1: listening to this podcast, share it on social media, tag
30:07
Speaker 1: us on Instagram, on Twitter. We've been kicked off Facebook,
30:11
Speaker 1: so please do what you can to make sure that
30:13
Speaker 1: you follow us wherever you can follow us. We're on
30:18
Speaker 1: Parlor and please tell your friends about our podcast, as
30:21
Speaker 1: we've lost the ability to reach more than one point
30:23
Speaker 1: two million concerns that were following us on social media,
30:27
Speaker 1: so if you'll do that, that would be amazing. Thank
30:29
Speaker 1: you guys so much for your support. I'll see you
30:31
Speaker 1: back here tomorrow.