I SAY AT THE TOP, SAVE AMERICA,
KILL THE BILL.
JOINING ME FOR MORE DISCUSSION
ABOUT THIS, WE HAVE STEVE MOORE
FROM THE COMMITTEE TO UNLEASH
POSSIBLE FAR IT. AND RUSSELL VOUGHT.
AND RUSSELL VOUGHT.
RUSS, I HAVE TALKED TO CO MERKEL
AND JOHN CRUISE.
JACKING UP ATTACKS ON SMALL
BUSINESS AT THIS POINT IN THE
BUSINESS, REALLY AT ANY POINT,
IT’S JUST SHEER INSANITY.
BUT I WAS WONDERING GIVEN YOUR
OMB SHIP, HAVE WE DONE THIS
BEFORE?
I KNOW OTHER PARTS OF MEDICARE
ARE FUNDED BY GENERAL REVENUES.
THE HOSPITAL FUNDS HAS ALWAYS
BEEN ESSENTIALLY PAY ROLLS.
THIS IS NEW AND THEY ARE GOING
TO TELL US SOMEHOW IT WILL BE
EARMARKED OR DESIGNATED.
AND THEY WILL COME UP WITH
LANGUAGE AND THE RECONCILIATION
JUDGE LADY WILL SIGN OFF ON
THIS?
CITY WANT YOU YOUR OPINION ON
THIS.
>> LARRY YOU ARE HITTING ON A
LONG-TERM FRAUD OF FISCAL
ACCOUNTING WHEN WE TALK ABOUT
THE TRUST FUNDS.
THE MONEY GOES INTO THE GENERAL
REVENUE TO BE SPENT AND THE
TRUST FUNDS ARE GIVEN A CREDIT.
THE MONEY COMES INTO THE GENERAL
REVENUE AND IT IS SPENT OUT.
SO THEY WILL SAY, YEAH, FROM AN
ACCOUNTING STANDPOINT IT
PRESERVES THE TRUST FUND.
BUT WHAT’S ACTUALLY HAPPENING,
WHAT’S THE REAL NUTS AND BOLTS
OF IT, AND THAT MONEY WILL BE
THERE SO WE DON’T HAVE TO
ACCOUNT FOR THE HIGH SPENDING
THAT’S HAPPENING NOT ONLY IN THE
BILL THEY ARE GOING TO TRY TO
MOVE TO THE SENATE, BUT
EVERYWHERE ELSE IN GOVERNMENT AS
WELL.
LARRY: THEY ARE GOING TO HAVE TO
DOUBLE BOND TO FINANCE THIS
ANYWAY.
IT’S ALL FUNGIBLE.
I JUST HATE THE FRICTION THEY
ARE TRYING TO CREATE TO SELL IT
TO JOE MANCHIN AND THE AMERICAN
PUBLIC.
STEVE MOORE, THERE WILL BE OTHER
TAXES.
THIS SMALL BUSINESS TAX IS ONE
THING.
THEY WILL COME DOWN ON
CORPORATIONS.
THEY WILL HAVE A MINIMUM
CORPORATE TAX.
IT’S NOT IRS PROFITS.
THEY ARE GOING AFTER PROBABLY AN
INTERNATIONAL TAX IF YELLEN HAS
HER WAY.
THEY MAY RAISE THE CORPORATE TAX
RATE.
WHO KNOWS.
BUT WHAT A TERRIFIC IDEA.
INFLATION IS HIGH.
MUCH OF THE ECONOMY IS
WEAKENING.
EMPLOYMENT IS HOLDING UP.
MANUFACTURING FELL, REAL RETAIL
SALES ARE FALLING.
WHAT A TERRIFIC IDEA TO START
JACKING UP TAXES ON LARGE AND
SMALL COMPANIES, STEVE MOORE.
DO YOU BUY IT.
>> WE SHOULD BE CUTTING
GOVERNMENT SPENDING, NOT RAISE
IT.
WE NEED REDUCTIONS IN SPENDING
TO SUCK SOME OF THIS EXTRA MONEY
OUT.
I BELIEVE ALL THE TRILLIONS OF
DOLLARS SPENT LAST YEAR IS WHAT
CAUSE THIS MASSIVE INFLATION IN
THE FIRST PLACE.
I SAY MY PRAYERS AT NIGHT,
PLEASE, JOE MANCHIN DON’T BREAK
OUR HEART.
I’M LOOK AT WHAT’S BEING
REPORTED AND MY SOURCE ON
CAPITOL HILL.
THEY ARE TELLING ME THE DEAL
CHUCK SCHUMER IS TRYING TO PUT
TOGETHER WITH THE WHITE HOUSE,
THEY ARE TRYING TO GET JOE
MANCHIN TO SIGN ON THIS, THE BIG
TAX INCREASE USUAL TALKING
ABOUT.
IF THEY PASS THAT TAX INCREASE
KIT WISE OUT A LOT OF THE GAINS
WE MADE IN THE TRUMP TAX CUTS.
THE RATES WILL GO UP ABOVE 40%
EFFECTIVELY.
THEN THEY ARE TALKING ABOUT DRUG
PRICE CONTROL.
THEY ARE NOT GOING TO USE THAT
MONEY TO REDUCE PRICES FOR
CONSUMERS.
AND THEY ARE TALKING ABOUT MORE
GREEN ENERGY SUBSIDIES.
A BILLION DOLLARS FOR WIND MILLS
AND SOLAR PANELS AND ELECTRIC
VEHICLES.
I DON’T SEE ONE THING THIS PLAN
THAT WOULD HELP THE ECONOMY
GROW.
I THINK IT’S ALL NEGATIVE.
LET’S GET JOE MANCHIN TO SAY NO
TO THIS AND GET THIS BEHIND US.
LARRY: ON THE TABLE IN THESE
DISCUSSIONS IS A BIG INCREASE IN
OBAMACARE SUBSIDIES.
ANOTHER INCREASE IN MEDICAID.
AND RUSS VOUGHT, LET ME GET THIS
RIGHT.
TAX CREDITS FOR RENEWABLE
INVESTMENTS, THAT’S SPENDING
THROUGH THE TAX CODE, BUT IT’S A
REVENUE LOSER.
WHATEVER IT IS, 3.5 BILLION.
THEY HAVE TO COME UP WITH THAT
MONEY AND THE OTHER MONEY THAT’S
SUPPOSEDLY GOING TO BAIL OUT
MEDICARE.
THEY WILL WIND UP WITH A PRETTY
HEFTY TAX HIKE AT A TIME WHEN
THE ECONOMY IS SHAKY.
THE FEDS HAVE THEIR MANHOOD
BACK.
THEY ARE GOING TO START JACKING
UP 75, 75, 75.
THAT’S GOING TO DO NO GOOD FOR
THE ECONOMY.
THERE ARE SOME SUPPLY SIDE
REFORMS, NO TAX CUTS, NO
DEREGULATION THAT YOU WOULD
LIKE.
I JUST DON’T GET THIS, I DON’T
GET THIS AT ALL.
I DON’T SEE WHERE IN GOD’S NAME
THEY THINK THIS IS GOOD THING.
JOE BIDEN SAID I TRANSFORMED
CHECK POLICY.
YES, HE HAS.
IN 18 MONTHS HE BASICALLY
DESTROYED A PERFECTLY HEALTHY
ECONOMY.
>> IT DOESN’T MAKE SENSE BUT
IT’S NOT INTENDED TO.
THAT’S NOT THE WAY THEY SEE THE
WORLD.
THEY WANTED A POLITICAL WIN IN
AN ELECTION YEAR.
I AM HOPEFUL THAT JOE MANCHIN
WALKS AWAY FROM THE TABLE.
IT’S HARD TO NOT HAVE
NEGOTIATIONS WHEN YOU ARE PART
OF AN INDIVIDUAL PARTY.
WHAT HE HAS SHOWN THE ABILITY TO
DO AS HE HAS DON’T LAST YEAR.
HE HAS SHOWN AN ABILITY AS THE
ECONOMIC NUMBERS WORSEN, HE HAS
SHOWN AN ABILITY TO SAY I’M
WALKING AWAY FROM THE TABLE.
THIS IS INSANE.
HE’S THE ONLY ONE IN THE
DEMOCRATIC PARTY THAT HAS SHOWN
SANITY.
I DON’T THINK IT HOUSING NUMBERS
HAVE BEEN REFLECTED IN THE
INFLATION NUMBERS TO THE EXTENTS
THE SCHILLER INDEX HAD IT AT.
WHY ON EARTH IS HE GOING TO PUT
HIS SIGNATURE ON A TAX INCREASE
BILL.
KYRSTEN SINEMA HASN’T BEEN
PARTICULARLY WILD ABOUT SOME OF
THE TAX INCREASE AS WELL.
KILL THE BILL IS THE ORDER OF
THE DAY.
BUT THAT’S WHERE I HOPE THIS IS
HEADED.
LARRY: IT’S NOT JUST BAD FOR THE
COUNTRY.
THE BIG LOSER IN THIS BILL IS
WEST VIRGINIA.
IT’S A MASSIVE ATTACK ON OUR
FOSSIL FUEL DEVELOPMENT, GAS,
COAL, OIL.
IT PROVIDES MASSIVE AMOUNTS OF
MONEY FOR WIND MILLS AND SOLAR.
THEY HAVE A BIG HEAT WAVE IN
TEXAS.
ED RECORD-HIGH TEMPERATURES AND
THEY DON’T ENOUGH ELECTRIC POWER
BECAUSE THE WIND MILLS AREN’T
TURNING BECAUSE THERE IS NO
WIND.
AND THEY HAVE A CARBON TAX.
THEY ARE TRYING TO SELL A CARBON
TAX IN THIS BILL AS WELL.
LARRY: WE HAD GOVERNOR ABBOTT ON
LAST NIGHT.
THE EPA, THE NOW DISCREDITED EPA
BY THE SUPREME COURT, THE E:PA
WANTS TO IMPOSE RIGID OZONE
REGULATIONS THAT WOULD CLOSE
DOWN THE PERMIAN BASIN IN TEXAS
WHICH SUPPLIES ABOUT 40% OF
AMERICAN OIL.
BASICALLY 80% OF AMERICAN POWER
COMES FROM FOSSILS.
ANOTHER MAYBE IF YOU ARE LUCKY 5
TO 6% RENEWABLES.
HERE, RIGHT AT IT AGAIN.
THE BIDENS HAVE LEARNED NOTHING.
THIS IS A PRESCRIPTION FOR LESS
SUPPLY, AND HIGHER PRICES.
WHATEVER IT IS IN THE POWER
GRID, GASOLINE, LOWER SUPPLIES,
AND HIGHER PRICES.
RUSS, 20 SECONDS.
>> IF YOU ARE THE BIDEN
ADMINISTRATION DO YOU WANT
ONGOING HEADLINES FACING
ECONOMIC TURMOIL?
THIS HAS TO GO AWAY AND IT WON’T
GO AWAY IF YOU ARE GOING TO
PURSUE AN ECONOMIC DEAL THAT
WILL HURT THE ECONOMY.
LARRY: STEVE MOORE.
DO YOU THINK THE BIDEN
ADMINISTRATION EVER REALLY CARED
ABOUT ECONOMIC GROWTH?
>> THEY NEVER TALK ABOUT IT.
I READ THEIR DOCUMENTS, IT’S ALL
ABOUT EQUALITY AND CLIMATE
CHANGE.
GROWTH AND PROSPERITY ARE NEVER
PRESENTED THERE.
NOT JUST JOE MANCHIN BUT WE ALSO