LET ME BE BLUNT.
SAVE AMERICA, KILL THE BILL.
ALL RIGHT, JOINING US THIS
EVENING, GREAT PLEASURE, SENATOR
TED CRUZ FROM THE GREAT STATE OF
TEXAS.
SENATOR CRUZ, GREAT TO SEE YOU.
CAN WE JUST START, I MEAN THERE
ARE SOME THINGS TO TALK ABOUT,
BUT LET’S TALK ABOUT THE IRS.
I MEAN THIS IS, THIS IS TAXATION
AND COERCION AND I HATE
CONSERVATIVES WITHOUT ANY
REPRESENTATION AT ALL.
THIS IS IN, I DIDN’T KNOW THIS,
SENATOR, BUT
"THE WALL STREET JOURNAL"
EDITORIAL SAID, THAT THE
ALLOCATION OF 80 BILLION IS SIX
TIMES THEIR CURRENT BUDGET.
I DID NOT KNOW THAT, THAT MAKES
IT EVEN WORSE.
ANYWAY, HAVE YOU LOOKED INTO
THIS MONSTROSITY?
>> SO I HAVE.
IT’S A TERRIBLE BILL.
THERE ARE MANY ASPECTS OF IT ARE
TERRIBLE BUT ONE OF THE ONES YOU
JUST ASKED ABOUT, THIS BILL
FUNDS 87,000 NEW IRS AGENTS.
IMAGINE IRS AGENTS DESCENDING
UPON AMERICA LIKE A SWARM OF
LOCUSTS.
BY THE WAY, THESE IRS AGENTS ARE
NOT THERE TO GO AFTER
BILLIONAIRES.
THEY’RE THERE TO GO AFTER YOU,
THERE TO GO AFTER YOUR SMALL
BUSINESS.
THEY’RE THERE TO GO AFTER YOUR
FAMILY.
THE DEMOCRATS IDEA IF THEY AUDIT
THE HELL OUT OF EVERY AMERICAN,
THINK OF ALL THE MONEY THEY CAN
RAISE?
I GOT TO SAY AS I TRAVELED
TEXAS, I TRAVELED THE COUNTRY, I
HEARD THE PEOPLE YEARNING FOR A
LOT OF THINGS IN AMERICA.
I NEVER ONCE HEARD SOMEONE SAY
WHAT WE NEED IS MORE IRS AGENTS.
THIS IS BIG GOVERNMENT RUN AMOK
AND IF YOU DON’T WANT TO BE
AUDITED NEXT YEAR THE YEAR
AFTER, YEAR AFTER, BY THE WAY,
IF YOU’RE A REPUBLICAN DONOR,
THIS CORRUPT ADMINISTRATION WILL
AUDIT YOU NEXT YEAR AND YEAR
AFTER AND YEAR AFTER.
WE OUGHT TO KILL THIS TERRIBLE,
TERRIBLE BILL.
LARRY: FIRST OF ALL THEY’RE
SCORING THIS, THE CBO HAS IT IN
THEIR LATEST DOCUMENTS BUT, THEY
ARE SCORING IT AS A PLUS, I
DON’T KNOW, $150 BILLION FROM
THE 86 OR 87,000 NEW AGENTS
WHICH IS ALL A BUNCH OF
MALARKEY.
WE’VE SEEN THIS MOVIE BEFORE, IT
NEVER PLAYS OUT BUT CAN I COME
BACK TO YOUR OTHER POINT, WHO DO
YOU THINK THEY WILL GO AFTER?
THEY WILL GO AFTER SMALL,
UNINCORPORATED, PASS-THROUGH
SUBCHAPTER S BUSINESS MAKING 200
GRAND OR LESS.
CAN’T AFFORD THE HIGH-PRICED
LEGAL FEES TO TAKE THE IRS INTO
COURT.
AND SENATOR, THEY’RE GOING TO GO
AFTER CONSERVATIVES, THE MEMORY
OF LOIS LERNER LINGERS ON.
I WANT TO PUT THAT IN.
I DON’T KNOW WHO THE
LOIS LERNERS ARE IN THE IRS BUT
I WILL BET YOU IN THAT DEEP
STATE AGENCY THERE ARE
LOIS LERNERS?
>> YOU KNOW THIS BILL THERE ARE
CLEAR WINNERS AND THERE ARE
CLEAR LOSERS.
THE LOSERS ARE MANUFACTURERS,
THE LOSERS ARE SMALL BUSINESSES,
THE LOSERS ARE BLUE-COLLAR
WORKERS.
THAT IS WHO THEY ARE TARGETING.
THE WINNERS?
ARE DEMOCRATIC LOBBYISTS, IRS
AGENTS AND CALIFORNIA
ENVIRONMENTALIST BILLIONAIRES
AND IT REALLY IS QUITE AMAZING.
SO YOU LOOK AT, FOR EXAMPLE,
WHAT THEY’RE CALLING THE
CORPORATE MINIMUM TAX.
AS YOU KNOW, THE MOST IMPORTANT
PART OF THE 2017 TAX CUTS, WHAT
WAS ALLOWING FOR IMMEDIATE
EXPENSING OF CAPITAL
EXPENDITURES, SO IF YOU’RE A
SMALL BUSINESS, LET’S SAY YOU’RE
AN AUTO MANUFACTURER AND YOU GO
AND BUILD A NEW LINE TO MAKE NEW
CARS AND MAKE NEW TRUCKS, YOU
CAN IMMEDIATELY EXPENSE THAT
WHICH MEANS YOU HAVE AN
INCENTIVE TO INVEST CAPITAL AND
HIRE A BUNCH OF NEW WORKERS.
WHAT THIS BILL IS SAYING YOU
KNOW WHAT?
WE DON’T WANT YOU TO OPEN A NEW
LINE.
WE DON’T WANT NEW MANUFACTURING.
YOU’RE NOT GOING TO HIRE THOSE
WORKERS.
BY THE WAY IF YOU’RE A UNION
MEMBER RIGHT NOW YOU’RE GETTING
SCREWED IN THIS BILL BECAUSE IT
WILL DRAMATICALLY REDUCE
INVESTMENT IN NEW JOBS.
I TELL YOU SOMETHING ELSE THERE
IS ELEMENT OF THIS BILL
PARTICULARLY NOXIOUS IN THERE
THE DEMOCRATS ARE TRYING TO
OVERTURN THE SUPREME COURT
WEST VIRGINIA EPA VICTORY, WHERE
THE COURT CONCLUDED THE EPA
DIDN’T HAVE THE ABILITY TO
REWRITE OUR ENVIRONMENTAL LAWS
TO REGULATE CARBON.
APPARENTLY JOE MANCHIN CUT A
DEAL WITH CHUCK SCHUMER TO SLIP
IN LANGUAGE OVERTURNING THAT
DECISION WHICH EMPOWERS THE EPA
TO DESTROY YOUR JOB.
I WILL TELL YOU, THERE IS NO
GROUP THAT IS GETTING HAMMERED
MORE BY THIS TERRIBLE BILL THAN
COAL MINERS IN WEST VIRGINIA.
IT IS INSANE, THAT WHEN WE’RE
FACING A RECESSION AND
SKYROCKETING INFLATION, THE
DEMOCRATS ARE SAYING, LET HIT
WORKING MEN AND WOMEN EVEN
HARDER SO WE CAN PAY OFF OUR
LOBBYISTS BILLIONAIRE BUDDIES.
LARRY: SENATOR, CAN YOU EXPAND,
I’M NOT AWARE OF THIS TO
OVERTURN WEST VIRGINIA VERSUS
EPA.
I DON’T KNOW WHAT THE LANGUAGE
IS.
YOU ARE A LEGAL SCHOLAR.
HOW DOES THIS, WHAT ARE THEY
SAYING?
WHAT’S IN HERE?
I THINK YOU’RE BREAKING SOME
NEWS HERE?
>> SO WHAT THE SUPREME COURT
CONCLUDED IS THAT THE CLEAN AIR
ACT DOESN’T SPECIFY REGULATING
CARBON DIOXIDE.
THEY CONCLUDED THAT THIS IS A
MAJOR POLICY SHIFT AND IF
CONGRESS INTENDS TO MAKE A MAJOR
POLICY SHIFT CONGRESS HAS TO DO
IT, NOT UNELECTED BUREAUCRATS.
THAT WAS A GREAT VICTORY FOR
MANUFACTURERS, FOR SMALL
BUSINESSES, FOR ENERGY CONSUMERS
BUT OF COURSE RADICAL
ENVIRONMENTALISTS HATE IT.
SO WHAT THIS BILL DOES IT WRITES
IN PLACE SEVERAL TIMES, CARBON,
CARBON, WRITES IT INTO THE EPA
LAW SO THAT THEY CAN GO BACK AND
SAY, WELL, NOW CONGRESS HAS DONE
THIS AND APPARENTLY MANCHIN CUT
A DEAL HE GOT A PROMISE FOR A
PIPELINE SOMETIME IN THE FUTURE
IN WEST VIRGINIA IN EXCHANGE FOR
THAT THE COAL MINERS ALL GET
SCREWED AND HE BASICALLY PUTS
THE COAL INDUSTRY OUT OF
BUSINESS AND DRIVES OIL AND GAS
PRICES IN AMERICA UP
DRAMATICALLY.
CONSUMERS ARE GETTING THE SHORT
END OF THE STICK ON THIS AND
IT’S A POWER GRAB BY THE RADICAL
LEFT.
I DON’T KNOW WHY JOE GOT
SNOOKERED ON THIS BUT I HOPE HE
COMES TO HIS SENSES AND
REMEMBERS THAT BANKRUPTING A
BUNCH OF COAL MINERS IN
WEST VIRGINIA IS A REALLY BAD
IDEA.
LARRY: I KNOW.
FOR A LOT OF REASONS INCLUDING
POLITICAL REASONS BUT I’M GOING
TO HAVE TO LOOK INTO THIS.
THEY’RE WRITING IN CARBON
EMISSIONS TO OVERTURN THAT EPA,
THAT IS VERY BAD, SIR.
THANKTHANK YOU FOR ALERTING US.
>> YEAH.
LARRY: WE’LL TAKE A CLOSER LOOK
AT THAT.
SO, IN GENERAL THE BIDEN PROMISE
NO TAX HIKES UNDER 400,000 IS
OUT THE WINDOW, ACCORDING TO THE
STAFF, NON-PARTISAN STAFF,
THEY’RE NO SUPPLY-SIDERS ON THE
JOINT TAX COMMITTEE.
THEY SAID IT.
MR. MANCHIN SAID THE OTHER DAY
ON THIS NETWORK ON FOX NEWS THAT
THEY WERE REPUBLICAN PARTISANS
THIS IS NOT TRUE, THE STAFF HAD
TO PUT OUT A PRESS RELEASE.
THAT IS OUT THE WINDOW.
THE IDEA OF NO TAX HIKES IN A
RECESSION IS OUT THE WINDOW.
FINALLY THE IDEA THAT INFLATION
IS CAUSED BY EXCESSIVE FEDERAL
SPENDING?
SO WE’VE HAD, STEVE MOORE AROUND
I TALKED ABOUT THIS, WE’VE HAD
QUITE A BIT OF FEDERAL SPENDING
I THINK WOULD YOU AGREE JUST IN
THE LAST COUPLE WEEKS.
WE HAD THIS CHIPS PLUS BILL
WHICH IS CLOSE TO 300 BILLION
AND THIS BILL, WHATEVER IT IS
GOING TO BE IS ANOTHER 4 OR
500 BILLION.
I WOULD SAY THAT IS INFLATIONARY
FEDERAL SPENDING ALONG WITH
RECESSIONARY TAX INCREASES.
I MEAN THE MESSAGING, THIS IS
NOT ABOUT INFLATION REDUCTION.
THIS IS REVERSE.
THIS IS GEORGE ORWELL.
>> LARRY, YOU’RE EXACTLY RIGHT.
YOU’RE A TRAINED ECONOMIST.
EVERYONE LISTENING AT THE END OF
THE DAY IT IS NOT COMPLICATED SO
THE MONEY SUPPLY DETERMINES
PRICES.
FOR EXAMPLE, A APPLE IS TWO
DOLLARS, YOU DOUBLE NUMBER OF
DOLLARS IN EXISTENCE, GENERAL
RULE OF THUMB PRICE OF APPLE
GOES FROM TWO DOLLARS TO FOUR
DOLLARS.
THERE ARE COMPLEXITIES IN IT,
THAT IS THE BASIC RULE OF THUMB.
DEMOCRATS PRINTING OF TRILLIONS
OF DOLLARS, INFLATION
SKYROCKETED AS A RESULT.
THEIR SOLUTION, IT IS THE MOST
ASININE THING, JOE BIDEN SAYS
OUR SOLUTION TO SOLVE INFLATION
WE’LL SPEND HUNDREDS OF BILLIONS
OF MORE AND RAISE TAXES, NOT
ONLY DOES NOT STOP INFLATION, IT
IS THE EXACT OPPOSITE.
IT IS LIKE POURING GASOLINE ON A
RAGING BONFIRE.
THIS IS A BILL DESIGNED TO
INCREASE INFLATION AN IRONICALLY
THE DEMOCRATS TALKING POINTS
ABOUT NO ONE UNDER 200,000 OR
400,000 WILL GET HURT, ALL OF
THE PEOPLE GETTING HURT ARE
UNDER 200,000 AND 400,000.
THE PEOPLE BENEFITING ARE RICH
PEOPLE ON THE COAST WHO ARE NOW
GETTING GREEN NEW DEAL SUBSIDIES
BECAUSE TODAY’S DEMOCRAT PARTY,
THIS IS AMAZING, THEY MADE A
POLITICAL CHOICE.
IT USED TO BE THERE WERE TWO
TRADITIONAL FAVORITE CHILDREN OF
THE DEMOCRATIC PARTY,
BLUE-COLLAR UNION MEMBERS AND
CALIFORNIA ENVIRONMENTALISTS
BILLIONAIRES.
TODAY’S DEMOCRATS DECIDED SCREW
UNION MEMBERS, WE’RE ALL ABOUT
THE MONEY.
WE ARE SURE THE UNION BOSSES
WILL EXPLAIN THE VOTES ARE
THERE.
WORKING MEN AND WOMEN ARE
SHIFTING RED DRAMATICALLY,
BECAUSE THIS DEMOCRATIC PARTY
DOESN’T GIVE A FLIP UNION
MEMBERS, WAITERS AND WAITRESSES,
WHETHER COPS, FIREFIGHTERS,
WHETHER ALL THE MEN AND WOMEN
WITH CALLOUSES ON THEIR HANDS
HAVE JOBS THAT IS WHY SO MANY
PEOPLE ARE UNHAPPY WITH THE
DISASTER OF THE BIDEN ECONOMY.
LARRY: YOU KNOW, SENATOR, I WAS
A DEMOCRAT.
I MEAN IT WAS 50 YEARS AGO I WAS
A DEMOCRAT.
JUST SAYING, 50 YEARS AGO WAS A
LONG TIME.
I THINK I WAS IN COLLEGE OR
GRADUATE SCHOOL.
BUT I LEARNS, I LEARNED.
YOU’RE TUTORING ME ON AN ONGOING
BASIS.
WE LOVE HAVING YOU ON THE SHOW.
YOU’RE DEAD RIGHT.
>> LARRY, IF YOU LOOK AT JFK
SPEECHES TALKED ABOUT CUTTING
TAXES WHERE HE TALKED ABOUT
ECONOMIC GROWTH, HE IMPLEMENTED
AND CUT TAXES AND REGULATIONS.
UNDER JFK WE HAD 5% GDP.
JFK WOULD BE CHASED OUT OF THE
DEMOCRATIC PARTY AND TARRED AND
FEATHERED TODAY.
THERE ARE A WHOLE LOT OF FOLKS,
TEXAS USED TO BE ONE PARTY
DEMOCRAT STATE.
MUCH LIKE THE OLD COMMERCIAL
THIS IS NOT YOUR FATHER’S
OLDSMOBILE.
THESE ARE A BUNCH OF TRANS AGAIN
EVERY WHACKO SOCIALISTS AN A
COMMON SENSE DEMOCRATS LOOKING
AROUND I DON’T KNOW WHO THESE
PEOPLE ARE BUT THEY AIN’T ME.
LARRY: I WROTE A BOOK ON JFK,
THE REAGAN REVOLUTION.
KIND OF WALKS THROUGH IT.
THAT’S WHY NEITHER OF US ARE