ASHLEY: RIGHT.
STUART: I WOULD LIKE TO KNOW
THAT.
NEW REPORT FROM THE
CONGRESSIONAL JOINT COMMITTEE ON
TAXATION, THEY SAY, SALT, THE
STATE AND LOCAL TAX DEDUCTION
CAP, REPEAL SALT COMPLETELY,
GUESS WHAT, WEALTHY PEOPLE WOULD
REAP THE BIGGEST BENEFITS.
GROVER NORQUIST JOINS US RIGHT
NOW.
IRONING, IF YOU REPEALED IT,
REPEAL THAT PARTICULAR ASPECT OF
THE TAX CUT, WEALTHY PEOPLE WIN.
I GUESS DEMOCRATS WANT TO REPEAL
SALT EVEN THOUGH WEALTHY PEOPLE
WOULD WIN.
IRONIC, ISN'T IT?
>> THIS IS THE DOG THAT CAUGHT
THE BUS.
THEY KEPT SAYING THE WHOLE TAX
REFORM IS ONLY FOR RICH PEOPLE
AND ON AND ON.
THEN THE ONE OBJECTION THAT THEY
HAVE RAISED TO THE TAX BILL,
BECAUSE IT CUTS TAXES FOR MIDDLE
INCOME PEOPLE AND HELPS PEOPLE
SAVE, SMALL BUSINESSES AND
CREATES JOBS.
THEY SAY, HEY, IF YOU HAVE AN
INCOMPETENT MAYOR AND A CORRUPT
GOVERNOR AND THEY CAN'T GOVERN
WITHOUT HIGH INCOME TAXES AND
HIGH PROPERTY TAXES THE REST OF
THE COUNTRY WILL NOT SUBSIDIZE
YOU ANYMORE.
WE STOPPED THE TAX SUBSIDY FOR
INCOMPETENT, CORRUPT MAYORS AND
GOVERNORS.
PEOPLE SHOULD BE VERY MAD AT
LEFT-WING GOVERNORS AN MAYORS,
WITH SUCH SHY HIGH SPENDING
AND -- IT IS NOT TAX DEDUCTIBLE.
IT IS NOT IOWA'S JOB TO
SUBSIDIZE BAD GOVERNMENT IN
CONNECTICUT.
STUART: I DON'T CARE WHAT YOU
SAY, GROVER, I WANT SALT
REPEALED.
JUST EVERYBODY I KNOW WHO LIVES
IN NEW JERSEY, NEW YORK,
CONNECTICUT, ILLINOIS,
CALIFORNIA, THE LIST IS LONG,
THEY WOULD ALL LOVE SALT
REPEALED BECAUSE IT IS COSTING,
PEOPLE WHO MAKE DECENT MONEY,
COSTING THEM A FORTUNE, WHERE IS
THE TAX CUT?
>> COSTING THEM MONEY ARE HIGH
TAXES IN NEW JERSEY AND
CONNECTICUT.
STUART: THAT'S TRUE.
>> BY LOCAL POLITICIANS.
THROW THEM OUT.
STUART: YES.
BUT HOW DO YOU THROW DEMOCRATS
OUT OF NEW YORK STATE?
HOW DO YOU THROW DEMOCRATS OUT
OF NEW JERSEY?
THAT IS A LIFE-LONG PROCESS.
I WILL BE DEAD BEFORE YOU ELECT
ANYBODY FROM THE REPUBLICAN
PARTY ON A STATEWIDE BASIS IN
CALIFORNIA.
I BETTER MOVE ON BEFORE I GET
MYSELF IN SERIOUS TROUBLE HERE
ABOUT MY LIFE EXPECTANCY.
WE HAVE 16 BILLIONAIRE, I THINK
IT IS 16, SORRY, 19
BILLIONAIRES, GEORGE SOROS,
ABIGAIL DISNEY, CHRIS HUGHES,
SEAN ELDRIDGE, MOLLY MONGER,
SENT A LETTER TO THE PRESIDENT
SAYING TAX ME MORE, TAX ME MORE.
THIS INCOME INEQUALITY THING IS
JUST TERRIBLE.
TAX ME MORE.
WHY DON'T THEY JUST SEND A CHECK
TO THE TREASURY, GROVER?
>> THEY CERTAINLY COULD, I HOPE
THE PRESIDENT WRITES A LETTER
BACK POINTING OUT WHERE ON THE
IRS WEBSITE WHERE YOU CAN MAKE A
CONTRIBUTION TO THE FEDERAL
GOVERNMENT.
SOROS SAID HE WOULD PUT ALL HIS
MONEY INTO A TRUST, A
FOUNDATION.
IF HE SIMPLY PAID THE DEATH TAX
WHEN HE PASSES AWAY THE FEDERAL
GOVERNMENT WOULD GET BILLIONS
AND BILLIONS OF DOLLARS.
HE ORGANIZED HIS OWN FINANCES SO
THAT IT GOES INTO A FOUNDATION,
CONTINUES TO BE SPENT WAY HE
WANTS IT TOO, NOT THE WAY THE
GOVERNMENT WOULD SPEND IT.
STUART: RIGHT.
>> I MUST SAY, HE IS BEING
DISINGENUOUS, HE IS ORGANIZING
HIS ESTATE TO MINIMIZE HIS
TAXES.
HE DOESN'T HAVE TO DO THAT.
STUART: RIGHT.
THEY ALL DO THAT.
SHOW ME A WEALTHY PERSON WHO
PAYS THE ESTATE TAX.
THEY DON'T PAY THE ESTATE TAX.
YOU GO TO A SHARP LAWYER GET YOU
INTO TRUST FUNDS THAT GET YOU
OFF THE HOOK.
THAT IS TRUE UNIVERSALLY.
GROSS HYPOCRISY.
>> VERY INEXPENSIVE VIRTUE
SIGNALING.
LESS THAN GOING TO CHURCH.
STUART: THAT IS VERY GOOD.
DO YOU THINK INCOME INEQUALITY
IS A REAL PROBLEM FOR OUR
ECONOMY?
>> WHAT'S A PROBLEM WE DON'T
HAVE ENOUGH GROWTH AND WE NEED
TO GET MORE ECONOMIC GROWTH.
THE REASON THE LEFT WANTS TO
TALK ABOUT INCOME INEQUALITY, IT
HAS BEEN 50 YEARS AND
$14 TRILLION PROVING THAT THEY
COULDN'T CURE POVERTY.
SO THEY STOPPED SAYING THEY WILL
HELP POOR PEOPLE.
NOW THEY JUST WANT TO TAKE DOWN
HIGHER INCOME PEOPLE BECAUSE IT
IS EASIER TO END INCOME
INEQUALITY.
YOU CHOP HEADS OF FRENCH
NOBILITY YOU GET THERE.
HAVE RECESSION, YOU GET LESS
INEQUALITY.
BUT THE GOAL IS, TO HAVE
EVERYBODY DO BETTER.
THAT IS GROWTH.
THE REASON THEY WOULD LIKE
INEQUALITY IS BECAUSE THEY HAVE
GIVEN UP ON BEING ABLE TO HELP
POOR PEOPLE WITH WELFARE.
IT HASN'T WORKED.
STUART: GROVER NORQUIST, THANKS
FOR JOINING US.
WE WILL SEE YOU AGAIN, PROMISE.
>> TAXMAN, GEORGE HARRISON.
STUART: WE DO PLAY THAT