SEAN: THE HOUSE IS NOW VOTING ON
A MASSIVE SPENDING BILL.
REPUBLICAN CONGRESSMAN KEVIN
BRADY JOINS US FROM TEXAS.
YOU JUST VOTED.
I IMAGINE YOUR VOTE WAS NO.
>> IT WAS AN ABSOLUTE NO.
BUT YOU KNOW THE FEELING.
AS I WAS WALKING OFF THE FLOOR,
HOUSE DEMOCRATS WERE GATHERING
IN MASS TO CELEBRATE ALL THE
HIGHER TAXES AND GOVERNMENT
PRICE SETTING.
NONE OF WHICH IS GOING TO LOWER
INFLATION, LOWER THE BUDGET
DEFICIT OR LOWER THE GLOBAL
TEMPERATURES FOR THE MOST PART
OVER THE NEXT CENTURY.
SEAN: I AM LOOK AT THE HOUSE
FLOOR VOTE RIGHT NOW.
YOU ARE A TEXAS CONGRESSMAN.
THE FACT THAT YOU DON’T HAVE ANY
TEXAS DEMOCRATS VOTING NO WHEN
THERE IS SUBSTANTIAL NEW TAXES
ON OIL AND GAS IN THIS BILL, HOW
DOES THAT PLAY IN TEXAS?
>> IT DOESN’T PLAY WELL AT ALL.
THERE IS $350 BILLION PLUS
HIGHER TAXES THAT LAND MAINLY ON
AMERICAN MIDDLE AMERICAN
MANUFACTURING INCLUDING ENERGY.
ALL OF OUR INDEPENDENT OIL AND
GAS AND OTHER COMPANIES IN TEXAS
ARE OPPOSING THIS BILL.
YOU HAVE GOT $50 BILLION IN
TAXES ON SMALL BUSINESSES AT
EXACTLY THE WRONG TIME.
THEN $74 BILLION ON COMPANIES
REINVESTING IN THEIR STOCK WHICH
HELPS SENIORS AND SAVERS WHO
RELY ON THAT VALUE.
I AM KIND OF SURPRISED
VULNERABLE DEMOCRATS ARE WALKING
THE PLANK ON THIS.
>> THE WHITE HOUSE PROMISED THIS
BILL WILL NOT RAISE TAXES ON
ANYBODY WHO MAKES UNDER $400,000
A YEAR.
FOR MY LAST QUESTION.
IF YOU ARE GOING TO INCREASE
TAXES ON OIL AND GAS, IT WILL
GET PASSED THROUGH TO THE
CONSUMER SO WHEN YOU GO TO THE
GAS PUMP YOU WILL PAY MORE IN
TAXES.
IS THIS A BLATANT LIE FROM THE
WHITE HOUSE?
>> IF YOU ARE MAKING $75,000 A
YEAR, YOU ARE FOUR TIMES MORE
LIKELY TO SEE A TAX HIKE.
HIGHER ENERGY PRICES AS WELL.
A LOT OF THOSE SMALL BUSINESSES
ARE INDIVIDUAL.
THEY PAY TAXES JUST LIKE YOU AND
I WOULD.
THEY WILL SEE TAX HIKES.
TO YOUR POINT, YOU WILL SEE
$710,000 ADDITIONAL AUDITS ON
FAMILIES.
I CALL THEM WALMART SHOPPERS OR
VALUE SHOPPERS.
THEY ARE LIVING PAYCHECK TO
PAYCHECK.
THEY ARE GETTING CRUSHED WITH
INFLATION.
THEY ARE GOING TO SEE A HUGE
AMOUNT.
THIS MORNING THE CONVENTIONAL
BUDGET OFFICE DEBUNKED THE
DEMOCRATS CLAIM THAT THERE WILL
BE NO NEW IRS AGENTS AND TAX
FROM MIDDLE CLASS LOWER INCOME
FAMILIES MAKING CLEAR THEY WILL
RAISE $TENS OF BILLIONS OF
DOLLARS FROM THEM.
SEAN: KEVIN, I’M A WALL SMART
SHOPPER.
>> ME, TOO.
SEAN: WE HAVE ISSUES COMING FROM
THE LOOSE MONETARY POLICY FROM
THE FEDERAL RESERVE.
BUT IT ALSO HAS COME FROM
MASSIVE SPENDING.
YOU HAVE $1.9 TRILLION FOR
COVID.
$250 BILLION FOR CHIPS.
NOW THIS $700 BILLION BILL.
AS YOU LOOK AT THIS FROM YOUR
VANTAGE POINT, THIS BILL CAN’T
REDUCE INFLATION.
>> COMMON SENSE MATTERS.
THE TAX HIKES WILL BE PASSED
DOWN BOTH TO WORK WERE AND
CUSTOMERS IN HIGHER PRICES.
SECONDLY THE SPENDING IS GOING
TO FUEL MORE INFLATION GOING
FORWARD.
I THINK THAT’S WHY THE OBAMACARE
SUBSIDIES ARE SO LAVISH THAT
ABOUT A HALF MILLION AMERICANS
WILL GET BETTER HEALTHCARE
JOBLESS THAN AT HOME.
ALL OF WHICH DRIVES INFLATION
HIGHER.
THE WHARTON SCHOOL OF BUSINESS,
THEY SAY THIS INCREASES
INFLATION SLIGHTLY OVER THE NEXT
COUPLE YEARS, AND HAS NO IMPACT
AFTER 2028 AS WELL.
THAT’S WHY I THINK THIS REDUESES
INFLATION THING WILL COME BACK
TO BITE DEMOCRATS.
SEAN: IT LOOKS LIKE DEMOCRATS
ARE OVER THE THRESHOLD.
THEY HAVE 220 VOTES.
THEY HAVE THE VOTES FOR THIS
BILL.
DEMOCRATS WILL BE HELD TO
ACCOUNT FOR MASSIVE SPENDING AND
POLICIES AMERICANS DON’T CARE
ABOUT.
GAS PRICES, THE BORDER, CRIME,
THEY DON’T WANT 87,000 NEW IRS
ACTS COMING AFTER THEM.
THEY NEED TO PUT 87,000 NEW COPS
ON THE STREETS TO KEEP THEM
SAFE.
>> YOU HAVE GOT A QUARTER
TRILLION IN GIVE AWAYS TO THE
WEALTHIEST INVESTORS IN AMERICA.
A SINGLE MOM WILL SEND HER TAX
CHECK TO THE WEALTHIEST