JACKIE: CHAD PERGRAM, THANK YOU
SO MUCH FOR THAT.
JOINING ME NOW, REPUBLICAN
CONGRESS CONGRESSMAN BUDDY
CARTER FROM GEORGIA, A MEMBER OF
THE HOUSE BUDGET COMMITTEE.
CONGRESSMAN, ALWAYS GREAT TO SEE
YOU.
ANOTHER STICKING POINT
SPECIFICALLY WITH JOE MANCHIN IS
THE CHILD CHILD TAX CREDIT,
RIGHT?
BEFORE THE PANDEMIC, ONCE A YEAR
YOU WOULD RECEIVE THIS CREDIT
DEPENDING ON YOUR BRACKET AND
YOUR STATUS, EVERYTHING ELSE.
BECAUSE OF THE PANDEMIC, THESE
$250-300 PAYMENTS START GOING
OUT MONTHLY.
THIS ADMINISTRATION IN BUILD
BACK BETTER WANTS TO CONTINUE
THAT.
MANCHIN IS SAYING, ABSOLUTELY
NOT, WE CANNOT KEEP GIVING
HANDOUTS, ESSENTIAL ESSENTIALLY
THAT’S WHY MANY PARENTS ARE NOT
GOING BACK TO WORK.
>> ABSOLUTELY.
AND THIS IS THE UNDERRYING POINT
RIGHT HERE -- UNDERLYING POINT
ABOUT THE BUILD BACK BROKE PLAN.
AND THAT IS, ONCE YOU START
THESE PROGRAMS, IT WOULD BE
IMPOSSIBLE TO GET THEM STOPPED.
I MEAN, RONALD REAGAN SAID IT
HIMSELF, THE CLOSEST THING
YOU’LL EVER SEE TO ETERNITY ON
EARTH IS A GOVERNMENT PROGRAM.
THAT’S EXACTLY WHAT WE’VE BEEN
TRYING TO ARTICULATE, TRYING TO
GET PEOPLE TO UNDERSTAND, IS
THAT, YES, YOU CAN CUT THESE
PROGRAMS DOWN FROM 10 YEARS TO 5
YEARS OR FROM 5 YEARS TO 1 YEAR
AND GET A BETTER CBO SCORE, BUT
IN REALITY AS THE CBO HAS
ALREADY POINTED OUT, IT’S STILL
GOING TO COST YOU $5 TRILLION IF
YOU ENACT THIS BUILD BACK BROKE
PLAN.
JACKIE: RIGHT.
>> THANK GOODNESS JOE MANCHIN
UNDERSTANDS THAT.
JACKIE: NO, HE DOES UNDERSTAND
IT. AND TO SPEAK TO THAT SOUND BITE
AND TO SPEAK TO THAT SOUND BITE
FROM CONGRESSWOMAN JOY
PRINCIPAL -- JAYAPAL, HE CAN’T
PASS THE TAX CREDIT THROUGH
EXECUTIVE ORDER.
SO WHAT SHE WANTS HIM TO DO, FOR
EXAMPLE, IS SAY, OH, WE’RE GOING
TO CANCEL STUDENT LOANS.
[LAUGHTER]
>> AND THAT WILL HAVE THE SAME
EFFECT.
AND, YOU KNOW, THAT IS THE MOST
ABSURD THING THAT I’VE EVER
HEARD.
I MEAN, HOW FAIR IS THAT TO
PEOPLE LIKE ME, PEOPLE LIKE MANY
OF THE VIEWERS OUT THERE WHO
STRUGGLED TO PAY THEIR STUDENT
LOANS AND WHO FINALLY GOT THEM
PAID OFF?
I MEAN, YOU KNOW, AND THEN IT
BRINGS UP THE OTHER QUESTION,
WHY IS THE FEDERAL GOVERNMENT IN
THE HONE PROGRAM ANYWAY? -- LOAN
PROGRAM ANYWAY?
WE OUGHT TO TURN IT OVER TO THE
PRIVATE SECTOR.
I DON’T KNOW HOW THAT EVER
EVOLVED, BUT THAT’S SOMETHING
THAT NEEDS TO BE ADDRESSED.
BUT TO FORGIVE STUDENT LOANS?
THAT’S NOT THE WORST THING.
AND IT’S NOT SURPRISING THAT
JAYAPAL HAS COME UP WITH THIS
IDEA.
JACKIE: NO, IT’S NOT.
AND YOU THINK ABOUT AMERICANS
WHO ARE STRUGGLING WITH OTHER
DEBT-RELATED ISSUES.
PEOPLE COULD TURN AROUND AND SAY
WHY AREN’T YOU PAYING OFF MY
MORTGAGE, HELPING ME REDUCE MY
CREDIT CARD DEPARTMENT?
I MEAN, IT STARTS SUCH A
SLIPPERY SLOPE, ESSENTIALLY.
WHEN IT COMES TO THE CHILD TAX
CREDIT THOUGH, MANCHIN IS --
HE’S WILLING TO COMPROMISE.
HE’S BASICALLY SAYING LET’S
BRING THAT CAP DOWN SO IT’S NOT
GOING OUT TO EVERYBODY.
MAYBE IT’S JUST GOING OUT TO
PEOPLE WHO ARE IN THE LOWER
INCOMES THAT REALLY, REALLY NEED
IT.
I MEAN, LOOK, AT THE CORE OF
THIS, WHAT HE’S WORRIED ABOUT,
WHAT YOU’RE WORRIED ABOUT IS
INFLATION.
THIS MASSIVE SPENDING BILL ON
TOP OF ALL THE SPENDING THAT
WE’VE DONE ALREADY IS JUST NOT
SUSTAINABLE.
WE ARE GOING TO SEE PRICES
SKYROCKET EVEN FURTHER IF WE
CONTINUE TO SPEND LIKE THIS.
>> NO QUESTION ABOUT IT.
AND JOE, YOU KNOW, JOE BIDEN
WANTS TO SAY THIS IS TRANSITORY.
THIS INFLATION IS NOT TRANSITORY
JACKIE: IT’S NOT.
>> ALMOST 7% LAST MONTH.
AND YOU THINK ABOUT IT, 7%
INCREASE IN INFLATION, THAT’S
NOTHING MORE THAN A TAX.
AND IN THE BUILD BACK BROKE
PLAN, THEY WANT TO INCREASE YOUR
TAXES BY 30%?
PEOPLE CANNOT ABSORB THIS.
THIS IS SIMPLY UNSUSTAINABLE.
WE’VE GOT TO STOP THIS MADNESS.
THERE’S WAY TOO MUCH MONEY BEING
SENT OUT RIGHT NOW.
WE NEED TO STOP THIS.
WE NEED TO INCENTIVIZE WORKERS.
WE NEED TO GET PEOPLE BACK TO
WORK AND INCENTIVIZE THEM TO GET
BACK TO WORK INSTEAD OF JUST
SENDING THEM A CHECK AND
ALLOWING THEM TO SIT BACK AND
JUST GET A CHECK WITHOUT WORKING
AT ALL.
JACKIE: YEAH.
AND THERE ARE A LOT OF PEOPLE
OUT THERE WHO WOULD ARGUE THAT
THIS PANDEMIC BECAME A POLITICAL
FOOTBALL JUST TO EXTEND ALL OF
THESE SPENDING PROGRAMS AND,
ESSENTIALLY, HANDOUTS ACROSS THE
BOARD.
PEOPLE LIKE IT WHEN THEY GET
STUFF.
THEY DON’T WANT TO GO BACK TO
WORK.
>> I MEAN, WE’RE ALL HUMAN.