July 3, 2025 • 34 mins
Jon Caldara fills in for Ryan Schuiling today. In the second hour, Jon looks at the flaws with Donald Trump's Big Beautiful Bill.
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Episode Transcript
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Speaker 1 (00:00):
So glad to have you with me. Give me a call.
Speaker 2 (00:02):
Three h three seven one three eight two five five.
Speaker 1 (00:05):
That's seven one three talk.
Speaker 2 (00:08):
Big, beautiful Bill. It's not that beautiful, but it is
that big. This will likely be the only legislative victory
Trump has. I can't imagine in such a split uh
(00:31):
tight thing. I just I just don't see anything else
of value. I wish that we had Republicans who could
take these issues on one at a time. And the
ev credit credit, Yes, open up drilling, Yes, I'm going
to debt. No, extend the tax credits. Yes, what's your
(00:53):
read on this? Three or three seven one three eight
two five five. Let's talk to Glade. Glade.
Speaker 1 (00:58):
Welcome. You're with John Kelder.
Speaker 3 (01:01):
Oh, John, Hey, I have a question for you.
Speaker 1 (01:05):
I have a question.
Speaker 3 (01:05):
Show me one, namely, one thing that Democrats have done
and fixed and we didn't need them anymore.
Speaker 2 (01:13):
I could say a lot about the Republicans as well.
Let's see what else the democrats. Don't you ask me
a question, let me let me ponder it. Unless you
were just unless you were just squawking, squawking.
Speaker 1 (01:25):
What what have the Democrats done?
Speaker 2 (01:28):
I can show you things that Democrats have signed. I
can talk about things that Clinton signed, I can talk
about things that Jimmy Carter did. Do you regulating transportation.
There are a lot of Democrats who have done good things.
If you're asking, when the Democrats had the trifecta of
(01:49):
the House, Senate and presidency, what great things have they done?
Speaker 1 (01:54):
That is an open question. I'm coming out blank.
Speaker 3 (01:58):
I'm doing the same thing as they tried to fix
the poor, but we have more poor now than we
ever have. They've tried to fix the drugs, and we
have more drugs on the streets than we ever have.
They never ever want to go after the perpetrator of
the crime. They always go after the people that they
(02:21):
can control, and that's the law abiding citizens. They just
never get anything accomplished.
Speaker 2 (02:27):
Yeah, and then hang on, hang on, hang on, right,
let's let's let's flip that coin just for the fun
of it. When Republicans have had the presidency, the House,
in the Senate, they have gone into debt more so.
Speaker 1 (02:45):
Than Democrats or when there's a split.
Speaker 2 (02:48):
They outlawed Edison's greatest invention, the incandescent light bulb. They
did poork projects like bridges to nowhere. Had they took
away our First Amendment rights with McCain, fine gold. You
can go on what Republicans have done and the missed
(03:10):
opportunities that they have over and over and over again.
So let's not get to partisan in our snowodiness. Whenever
we have government that is of one party, particularly for
a long time, things go terribly bad.
Speaker 3 (03:28):
Yes, well, until they can get a line item veto.
And that's why this bill has gotten so completely out
of hand with the spending is everybody has to have
their cut, and you can't get rid of their cut.
Speaker 1 (03:41):
That's also one of the reasons why you have.
Speaker 2 (03:48):
When margins are tight, the squishiest people become brokers. I mean,
think of Lisa Murkowski in all of this. So all
these incredible regulations on work requirements for Medicaid happen all
over except in Alaska because they needed her vote. That's
(04:11):
that's the pork of government. That's where it really gets bad.
Speaker 3 (04:17):
Yes, you know, I don't know how they're going to
fix it because nobody will take the stand and get
them to fall in line. I mean, we had one
Republican that voted against this, and I bet that Republican
gets voted back in in his district.
Speaker 2 (04:36):
The if I were, if I were the final vote
on this and either I voted yes or no, and
that was the last opportunity to pass this bill, sadly,
I would vote for it. You cannot let the tax
cuts from Trump's one point zero expire. It would destroy
the country. But the debt package here is is so enormous.
(05:02):
We are kicking We're not just kicking a can down
the road. The can is turning into a snowball. That's
that's growing larger and larger. How's that for a mixed metaphor.
Speaker 3 (05:11):
Yeah, there's a professor Krana Winner if I got his name.
Speaker 1 (05:16):
Correctly, Yes, my good friend Tom Kranawinner.
Speaker 3 (05:19):
Yeah, very good. On the constitution, and I go, if
the founding fathers could see what they've done now, with
them able to use other people's money to keep themselves
in power, how would they have changed the constitution so
that the money didn't control what was being done?
Speaker 1 (05:39):
That is a really good question, A really good question. Hey,
thanks to.
Speaker 3 (05:44):
Call point in time. He had to be a landowner.
Speaker 2 (05:48):
I like that idea. I like that idea. All right,
So now I've got a question for you. Is your
given name Blade? Oh? We lost Glade. There used to
be a spectacular bluegrass band. I used to do lights
for it back when I had a real job called
Oh my goodness, Oh I'm forgetting not new grass. But
(06:16):
it was Tim O'Brien and Nick Forrester, and I'm blanking out.
Speaker 1 (06:19):
On their name because I'm so terrible.
Speaker 2 (06:21):
But they had an alter ego band and it was terrific.
So these guys would come out and do kind of
Hank Williams tunes as completely different characters.
Speaker 1 (06:30):
And they were called Red Knuckles.
Speaker 2 (06:33):
And the Trailblazers, the Red Knuckles and the Trail Blazers,
and oh, Hot Rise, it used to be called Hot Rise.
See the brain still work, It just takes longer to
find the file folders and in Red Knuckles in the Trailblazers.
Speaker 1 (06:47):
This alternative band.
Speaker 2 (06:48):
And they would just ham it up and they were
actually put out some good songs. The bass player was
a guy named Slade.
Speaker 1 (06:57):
Never said a word.
Speaker 2 (06:58):
Were cowboy hat and sunglasses, Slead, and he was born
in Wyoming, Montana or Montana, Wyoming.
Speaker 1 (07:06):
They never could figure that one out.
Speaker 2 (07:09):
And every now and then he'd walk up to the
microphone to say something, the crowd would hush because he.
Speaker 1 (07:14):
Never says anything, and then he'd just walk away.
Speaker 2 (07:18):
Brilliant stuff, brilliant stuff back in the days, all right,
So how bad will things be because of this? I'm
looking at thanks to a friend who just sent me
from Boulder County that put put out this message immediately.
(07:40):
Oh my god, from the commissioners the US Congress have
passed a bill today with devastating consequences for nearly everyone
in this county, even those who do not directly access
federal funded programs like SNAP or Medicaid. This decision by
US Congress will hurt people. It will be disproportionately hurt
community of color, of course, because the white county commissioners
(08:04):
of Boulder care about the people of color that they
priced out of Boulder County with their growth control. Nothing
like racists talking about how things.
Speaker 1 (08:14):
Hurt people of color.
Speaker 2 (08:16):
Yes, Boulder's racist growth control policies.
Speaker 1 (08:27):
So let's be real clear about this.
Speaker 2 (08:30):
First thing they're going to do is say it hurts
people on SNAP, food stamps and Medicaid. Be very clear,
it only hurts able bodied people who refuse to try
to get a job. Let me say that again. When
(08:50):
people say, oh, it cuts it cuts medicaid. Ask this question,
do you people, do you believe people should get able
bodied people should receive medicaid if they refuse to work,
and just what the answer is. If the answer is yes,
(09:11):
you don't have to work and you get stuff, follow
that train of thought. Great economist Henry Hazlitt used to say,
finish the equation. All right, So you're saying that people
who refuse to work should be given free healthcare, free food,
(09:34):
not even having to work halftime or even trying to
get a job, but they should get it just because
they were popped out of somebody's body and they live
now as an adult.
Speaker 1 (09:44):
They get free stuff.
Speaker 2 (09:49):
What happens should more and more people do that and
fewer and fewer people work to make the stuff to give.
In other words, if you have fifty one percent of
the population on the dole, that means forty nine percent
have to work twice as hard to keep the system going.
(10:11):
What happens when it turns out to be ten percent
of people are productive and have to carry the burden
of the other ninety percent, It fails. It fails. Do
you know this guy? When I say this guy, you
know this guy? It's a friend of yours, it's a relative,
(10:32):
it's somebody who says, oh, no, housing is a right.
People have a right to housing. People have a right
to shelter. People have a right to healthcare. I follow
up with a simple question, all right, how can there
(10:55):
be a right dependent upon someone else's labor? How can
a right exist if it is wholly dependent on somebody
else working.
Speaker 1 (11:09):
To provide that good or service? You see?
Speaker 2 (11:12):
If you're stranded on a deserted island, Do.
Speaker 1 (11:18):
You still have the right to free speech? Yeah? You do.
Do you still have the right of press? I suppose
you do. Do you still have the.
Speaker 2 (11:30):
Right to worship the way you want to worship?
Speaker 1 (11:34):
Yes? Do you still have all your rights? Yes?
Speaker 2 (11:38):
Because they're not dependent upon somebody else's labor. When you're
on that deserted island, and you say yes, and I
also have a right to shelter and to food and
to healthcare? All right, you have that right. How do
you exercise your right? You can exercise your rights a
(12:00):
legitm by getting on your knees and praying right then
and there and speaking out loudly. How do you exercise
your right to take other people's stuff?
Speaker 1 (12:11):
It is not a right. It cannot be a right.
Speaker 2 (12:15):
The left progressives are so good at twisting words, and
I believe they do this on purpose to warp our brains.
When men can give birth to babies, the word man
no longer means much of anything. When you say people
(12:37):
have a right to healthcare, a right to food, a
right to shelter, the word right no longer means anything,
because right is therefore dependent upon stealing other people's labor
and giving it to somebody else.
Speaker 1 (12:56):
That's not a right now.
Speaker 2 (12:58):
It might be a moral obligation, it might be an
ethical obligation, it could be a principle of government, it
could be all sorts of things, but.
Speaker 1 (13:08):
It cannot be a rite.
Speaker 2 (13:12):
Similarly, a man cannot give birth, a woman cannot have
a penile erection. This is how they're so good at
messing with words. Do we have time for this call?
Can we talk to Greg?
Speaker 1 (13:31):
Greg? Welcome you with John Caldera.
Speaker 4 (13:34):
Hey John, how are you? John?
Speaker 1 (13:36):
I'm great, Thank you, I've got.
Speaker 4 (13:38):
A John Caldera Caldara eusem murah sane. Do you remember
the show All in the Family.
Speaker 1 (13:45):
Meath heead, Yes, of course, I'm old enough.
Speaker 3 (13:47):
Remember the.
Speaker 1 (13:50):
H Those were the days.
Speaker 2 (13:52):
Boy, the way Glenn Miller played hits on the or
he's going to hit parade guys like us.
Speaker 1 (13:58):
We had it made yes, and they.
Speaker 4 (14:01):
Didn't need no welfare states and everybody pulled their weight. Yep, listen,
why don't we go back to those kind of days.
Speaker 2 (14:09):
I am glad we have a safety net. I have
a son who's severely disabled. I am honored. I'm honored
that we have a we build enough wealth to help
him out with medicaid. He's on Medicaid. I am thrilled
by that. By the way, the thing he wants more
(14:30):
than anything else is a job. But guess what stops
him from having a job the government because of our
ridiculous minimum wage laws. If he goes and works at
a restaurant and makes minimum wage with now what twenty
dollars an hour in Denver, nobody's going to hire him
for that. I don't care if he makes minimum wage.
(14:53):
I hope he gets a nickel a penny at an hour.
But he needs the job and he comes alive with
that job. That's what's so amazing.
Speaker 4 (15:03):
Is the does a minimum wage affect? If does there's
affect is medicaid?
Speaker 2 (15:08):
If he makes too much or if he makes too much,
it could affect his Medicaid and and uh he gets
a little tiny bit of social security from disability too
and make too much money. Oh and also if he
saves too much money that it could be taken from him.
So those of us who have kids, uh, like like mine,
(15:32):
it's a very odd thing to disinherit your child. But
in my will, my son gets nothing. Now, hopefully we'll
be able to build a trust for him or something.
But he can't have anything because if he has too much,
the government just swoops it in.
Speaker 1 (15:48):
Takes it all.
Speaker 2 (15:50):
Uh and before he gets any of his Medicaid benefits.
Speaker 1 (15:55):
That's that's how messed up.
Speaker 4 (15:56):
This is right, But what about the people that are
able to work that don't want to work because they
just want to collect it for free.
Speaker 1 (16:04):
Well, COVID, I believe train them to really be on
the dole.
Speaker 2 (16:10):
Why work when you can make this kind of money
and be protected not working? After all, we're told you
have a right to shelter, you have a right to healthcare,
you have a right to food. You do not have
such a right. And we don't educate people on the
meeting of words. That's why when words start to morph
(16:35):
and turn into jello. That is the tool of socialism.
That is the tool of communism, making words mean what
they do not mean. And that's why I believe the
trans community is so very crazed about misusing words. I
think it's part of the socialistic movement to reattribute the
(16:57):
word right to the democrats.
Speaker 4 (17:00):
I don't know with all the socialist programs.
Speaker 2 (17:02):
And every I mean, I go back to the founding
document that we will be celebrating two hundred and forty
nine years of tomorrow, that we have unalienable rights that
they're given to us through nature's law, now what's known
as natural law. We have a right to be alive.
We have a lot of right to our liberty. We
have a right to our property. We have a right
(17:23):
to pursue the things that we wish to pursue our happiness.
These are human rights, not government given rights. And the
beautiful statement that we don't talk about is that, for
the first time in human history, two hundred and forty
nine years ago, we declared that the job of government
(17:45):
is to protect those individual rights. The job of government
was not to do the it was not to redistribute wealth.
It wasn't to protect the power of a king. It
wasn't to re educate people. It was to protect our life,
our list, our property, our pursuit of happiness. And we
built government to protect those rights, and now we use government.
Speaker 1 (18:09):
To destroy those rights. It is said.
Speaker 4 (18:14):
It wasn't the Constitution also set up to protect our
human rights through protecting us from other countries for war
and stuff. Wasn't that the main reason they talk about
protecting our rights.
Speaker 2 (18:25):
When you go to the Constitution, you'll see that it
is also a first of its kind in the history
document that limits the power of government. Other documents that
government can do this and do that. Magna Carta started
to the United States Constitution said government can't do these
(18:46):
things unless they are in section section eight of Article one,
which worth three d back after this, I'm John Kildera,
so glad that you can spend some time with me.
Give me a call. Three or three six ninety six
eight two five five. That's that's what is that seven
(19:10):
to one three talk. It's almost as if they meant
it to be that anyway. Three or three, seven to
one three eight two five five. The one big beautiful
bill is going to become law. Now keep in mind,
and there are a few things here that that are spectacular.
Speaker 1 (19:29):
There are some gems in here.
Speaker 2 (19:33):
It has work requirements for able bodied Americans receiving taxpayer
payer benefits. If if you want Medicaid and you are
able bodied, and you're childless, that is, you're not stuck
at home. You gotta look for job. It gets rid
(19:57):
of the electric vehicle subsidies. It opens federal lands and
waters to oil, gas, coal and lease mining.
Speaker 1 (20:05):
This is good.
Speaker 2 (20:08):
It renews it expands one hundred percent immediate expensing for
equipment and machinery.
Speaker 1 (20:15):
Wow. Sadly that's only temporary. I like this part.
Speaker 2 (20:21):
It increases the endowment tax on large universities. This is
not a win for Harvard or Mit or Yale or
any of those other big ones that had a billion,
billions and billions in their endowments.
Speaker 1 (20:41):
It can be.
Speaker 2 (20:41):
Taxed as high as eight percent, as low as one
point three percent.
Speaker 1 (20:47):
That was the Senate version. The House's version that.
Speaker 2 (20:53):
Came our director, that came out of the Senate, or
the House's original version had it at twenty one percent.
It cancels Biden's illegal and unfair student loan bailouts. It
requires states to pay more for food stamps. It expands
(21:15):
health savings accounts to give us some choice in how
to spend our money.
Speaker 1 (21:22):
We'll see how that works.
Speaker 2 (21:23):
I love the school choice scholarships that it allows. I
love this part. If it's still in and mind you,
it's nine hundred pages. I haven't read the whole thing.
There is a requirement coming that Venmo, PayPal and other
services report transactions over six hundred dollars to the IRS,
(21:49):
because the irs, God knows, needs to know every transaction
you make, which is one of the reasons it's good
to pay in cash. So you've gotten those ten ninety
nine's and so ideally when you pay your babysitter, and
if you pay your babysitter more than six hundred bucks
(22:09):
over the course of a year, you're supposed to.
Speaker 1 (22:11):
Send her a form. Really, really, it's the same reason.
Speaker 2 (22:18):
By the way, that the federal government in the Federal
Reserve doesn't make a bill larger than one hundred dollars.
There's no banknote that's more than one hundred dollars. Now,
they said it was to fight, What what shall we fight?
There's got to be a crisis. You can't do stupid
things in government. If you don't have a crisis, to
(22:39):
blame it on the drug war. They were going to say, oh,
you see drug dealers use big bills. All right, that's interesting.
But here's what happens with inflation. Your little bills become worthless.
(23:00):
You know, we got rid of printing pennies, right, making
pennies because it just didn't make sense. Would you get that?
The same thing happens when your dollar bill. Now you
need to carry thousands of them, so you carry fives
and then you go, no, that's too much.
Speaker 1 (23:20):
You need larger bills.
Speaker 2 (23:24):
Really, what the Fed and the government wants to do
is to get you to stop paying in cash. They
want you to use banknotes, they want you to use
credit cards. They want you to use electronic transfers so
they can tell what you're doing and who you're giving
your money to, because that's their business. This bill also
(23:51):
increases timber sales on federal lands. That's a great thing.
It's not enough, but it's a great thing. So is
this a good bill? Is this a bad bill? It's both,
It really is both. How about this one? Private student
(24:15):
lenders like sofar stand benefit from lowered federal student loan caps.
Speaker 1 (24:21):
New caps will lower federal.
Speaker 2 (24:23):
Borrowing to one hundred thousand dollars for graduate students two
hundred thousand for professional programs like medical schools.
Speaker 1 (24:32):
So that's down. That's down.
Speaker 2 (24:38):
These lower caps could push some students towards private lenders,
where loans should come from.
Speaker 1 (24:49):
All right, Read this from the Wall Street Journal. One
of the winners.
Speaker 2 (24:52):
Retailers will be among the biggest beneficiaries from the bills,
preserving the current twenty one percent corporate income tax rate.
Speaker 1 (25:03):
Used to be thirty five.
Speaker 2 (25:04):
Retailers paid among the highest effective tax rates, so Macy's
and Cole's operated mostly in the US, spent little money
on manufacturing, so they claimed SHEW deductions. The preservation of
this of the twenty seventeen tax rate cut offers they
spot of good news for an industry facing increased costs
(25:25):
from the Trump trade war. All right, we talked about
that they stripped out a moratorium on messing with AI,
A stupid move. We need a federal moratorium so states
like Colorado don't get involved in the AI business.
Speaker 1 (25:44):
That didn't happen. What about solar and wind?
Speaker 2 (25:49):
So there won't be a special tax credit for solar
and wind? That's good, except when you look into the
details of the bill.
Speaker 1 (26:00):
Follow me here. I know it's the day before the
fourth of July.
Speaker 2 (26:03):
So as long as your company has started any new
renewable energy project in the next year, you can keep your.
Speaker 1 (26:18):
Your credits.
Speaker 2 (26:19):
So these companies that make solar panels or want to
put up solar panels all the rest. All they have
to do is put a stake in the ground right
now saying, oh, we've started our project, we won't be
able to finish it now for fifteen years, and we'll
get fifteen years. Where are the tax breaks?
Speaker 1 (26:42):
How about this one?
Speaker 2 (26:44):
Losers are shippers and online tailors direct to consumer brands
like Sazon.
Speaker 1 (26:51):
I don't know if I'm saying that right.
Speaker 2 (26:52):
Apparel and Diadora sneakers could be hit by a provision
ending the deminimous rule that allows how package is worth
eight hundred dollars or less to be imported duty free
from countries other than China and Hong Kong. Cuts to
the nation's food stamp program or SNAP could be bad
(27:16):
for packaged food companies. No people need to eat, give
me a break. That's not a bad thing. Big food companies,
especially rely on spending from SNAP recipients. Many have cited
a twenty twenty three cuts the program as a contributor
to lower sales.
Speaker 1 (27:33):
Could maybe they'll eat better?
Speaker 2 (27:37):
A Burnstein analysis estimate that SNAP recipients account for nearly
nine percent of grocery spending on food. Really we give
away that much free food?
Speaker 1 (27:54):
What do you think? I think this was a necessary
miss And what a.
Speaker 2 (28:02):
Shame, What a shame that Republicans are so proud of
putting the country in debt another four trillion dollars. Do
you understand there is no getting out of this, There
is no way getting out of this. What we are
(28:22):
doing to future generations is not just unethical, not just immoral.
It's downright, downright sinful to abuse our children, our grandchildren
and their children by spending money they have yet to make,
(28:45):
by taxing money they have not even earned yet, so
that we can enjoy Social Security payments. Now, keep in mind,
when Social Security was started, the problem was from its
very beginning, it was a pay as you go system,
so people who work pay for people who are already retired.
(29:07):
They didn't put money into a bank account. It's not
like a four to oh one k that they were
able to use.
Speaker 1 (29:12):
No.
Speaker 2 (29:14):
They they just had a huge Ponzi scheme, which works
if you have enough people paying into it. But there
was something like forty two people working in the thirties
to support one person on social security. Now it's two
(29:34):
people working to support one person on social security. Do
you not understand how absolutely unsustainable that is? And when
it turns into one for one, it means one person
has to make enough money to pay for himself.
Speaker 1 (29:57):
And enough money to support a Now they're a human being.
Speaker 2 (30:01):
He doesn't know who that person is, as well as
all the other taxes for roads and courts and healthcare
and via benefits and defense and air traffic controllers. It
cannot hold. It simply cannot hold. Can we squeeze on
(30:23):
a call before we got to take a break.
Speaker 1 (30:25):
Let's talk to Michael. Oh did you just say nowhere? Yes? No,
I hear, Zach says no, that's what I needed.
Speaker 2 (30:31):
Hear, Michael, Stay on the line. We'll get back to
here just after this. I'm John Calderreic keep it here,
six thirty K.
Speaker 1 (30:37):
How to these calls? It's been interesting. What do you
feel about the big beautiful bill.
Speaker 2 (30:47):
It's bad, it's awful, it's terrible, and it's better that
it passed than it didn't. Talk to Michael, Michael, welcome,
you're with John Caldera. Glad to have you.
Speaker 5 (30:57):
Michael, thanks for taking my call. I think you know
you're studying this four trillion dollar number. I think that's
a lot of that's based on continuation of the twenty
seventeen tax rates. I believe is that would you would
you agree that.
Speaker 2 (31:12):
Yes, because it's built on the tax rates that are
in the new bill.
Speaker 5 (31:18):
But you know those tax rates were only done because
the Republicans didn't have the bill, they didn't have the
vost to make those permanent. So I mean, without changing nose,
without continuing nose, if you're talking about a huge tax increase.
Speaker 2 (31:32):
Oh, absolutely, without a doubt, we would have had if
this did not pass, we would have had the largest
tax increase from any single bill in American history.
Speaker 1 (31:43):
It had.
Speaker 2 (31:44):
It had to pass to protect the original tax cuts
that Trump did in twenty seventeen, which were coming to
an end this year. Good thing the man was reelected
for no other for no other reason.
Speaker 5 (32:00):
I mean, you know, the Tax Foundation provided a pretty
good summary to build and I've been looking over them
and I think some of the some of the things
that I don't like, salt deductions increased, those those those do.
Speaker 2 (32:10):
Expire inspire, yeah, but it still takes I think it's
like ten years for that to expire. There's some other things.
There's just too many choosing winners and losers. And the
salt deductions you're a perfect example of that.
Speaker 5 (32:28):
Well, salt stuctions were there because of you know, the
the votes that because how narrow the the controlled and
sent it in the House. Withoutout the narrow control, they
would never been part of the build but just in
order to get.
Speaker 2 (32:42):
A couple of Republicans who live in high tax states,
you know, so now those people in other states have
to pay to give a bigger tax break to reward
the bat policy in New York the Democrats.
Speaker 5 (33:00):
That the bill does end is a current practice by
the Democrats to evade the AsSalt limitations. So eleven states,
including Colorado, have passed the provision to evade the salt
tax limitations, and that the bill does end that. So
it does increase the deduction for a few years, but
it eliminates the sneak around to the Democrats used right,
(33:22):
you know.
Speaker 1 (33:22):
The fact of the matter is.
Speaker 2 (33:25):
All the problems that we have are because of governmental
policies over time that it takes time for these governmental
policies to really pervert to pervert the system. For instance, healthcare,
Why in the world does my employer decide the quality
of my health insurance. He doesn't choose my renters insurance,
(33:48):
car insurance, and life insurance, house insurance.
Speaker 1 (33:50):
Umbrella policy.
Speaker 2 (33:52):
It's because during the depression, when FDR put in wage
and price controls in order to achieve to get better employees,
the companies started giving these benefits, and the IRS made
a decision, oh, we won't tax benefits. To move that
forward one hundred years, and now we've got Obamacare because
of that. The same thing with making interest payments deductible,
(34:16):
Why did we do that,
So glad to have you with me. Give me a call.
Speaker 2 (00:02):
Three h three seven one three eight two five five.
Speaker 1 (00:05):
That's seven one three talk.
Speaker 2 (00:08):
Big, beautiful Bill. It's not that beautiful, but it is
that big. This will likely be the only legislative victory
Trump has. I can't imagine in such a split uh
(00:31):
tight thing. I just I just don't see anything else
of value. I wish that we had Republicans who could
take these issues on one at a time. And the
ev credit credit, Yes, open up drilling, Yes, I'm going
to debt. No, extend the tax credits. Yes, what's your
(00:53):
read on this? Three or three seven one three eight
two five five. Let's talk to Glade. Glade.
Speaker 1 (00:58):
Welcome. You're with John Kelder.
Speaker 3 (01:01):
Oh, John, Hey, I have a question for you.
Speaker 1 (01:05):
I have a question.
Speaker 3 (01:05):
Show me one, namely, one thing that Democrats have done
and fixed and we didn't need them anymore.
Speaker 2 (01:13):
I could say a lot about the Republicans as well.
Let's see what else the democrats. Don't you ask me
a question, let me let me ponder it. Unless you
were just unless you were just squawking, squawking.
Speaker 1 (01:25):
What what have the Democrats done?
Speaker 2 (01:28):
I can show you things that Democrats have signed. I
can talk about things that Clinton signed, I can talk
about things that Jimmy Carter did. Do you regulating transportation.
There are a lot of Democrats who have done good things.
If you're asking, when the Democrats had the trifecta of
(01:49):
the House, Senate and presidency, what great things have they done?
Speaker 1 (01:54):
That is an open question. I'm coming out blank.
Speaker 3 (01:58):
I'm doing the same thing as they tried to fix
the poor, but we have more poor now than we
ever have. They've tried to fix the drugs, and we
have more drugs on the streets than we ever have.
They never ever want to go after the perpetrator of
the crime. They always go after the people that they
(02:21):
can control, and that's the law abiding citizens. They just
never get anything accomplished.
Speaker 2 (02:27):
Yeah, and then hang on, hang on, hang on, right,
let's let's let's flip that coin just for the fun
of it. When Republicans have had the presidency, the House,
in the Senate, they have gone into debt more so.
Speaker 1 (02:45):
Than Democrats or when there's a split.
Speaker 2 (02:48):
They outlawed Edison's greatest invention, the incandescent light bulb. They
did poork projects like bridges to nowhere. Had they took
away our First Amendment rights with McCain, fine gold. You
can go on what Republicans have done and the missed
(03:10):
opportunities that they have over and over and over again.
So let's not get to partisan in our snowodiness. Whenever
we have government that is of one party, particularly for
a long time, things go terribly bad.
Speaker 3 (03:28):
Yes, well, until they can get a line item veto.
And that's why this bill has gotten so completely out
of hand with the spending is everybody has to have
their cut, and you can't get rid of their cut.
Speaker 1 (03:41):
That's also one of the reasons why you have.
Speaker 2 (03:48):
When margins are tight, the squishiest people become brokers. I mean,
think of Lisa Murkowski in all of this. So all
these incredible regulations on work requirements for Medicaid happen all
over except in Alaska because they needed her vote. That's
(04:11):
that's the pork of government. That's where it really gets bad.
Speaker 3 (04:17):
Yes, you know, I don't know how they're going to
fix it because nobody will take the stand and get
them to fall in line. I mean, we had one
Republican that voted against this, and I bet that Republican
gets voted back in in his district.
Speaker 2 (04:36):
The if I were, if I were the final vote
on this and either I voted yes or no, and
that was the last opportunity to pass this bill, sadly,
I would vote for it. You cannot let the tax
cuts from Trump's one point zero expire. It would destroy
the country. But the debt package here is is so enormous.
(05:02):
We are kicking We're not just kicking a can down
the road. The can is turning into a snowball. That's
that's growing larger and larger. How's that for a mixed metaphor.
Speaker 3 (05:11):
Yeah, there's a professor Krana Winner if I got his name.
Speaker 1 (05:16):
Correctly, Yes, my good friend Tom Kranawinner.
Speaker 3 (05:19):
Yeah, very good. On the constitution, and I go, if
the founding fathers could see what they've done now, with
them able to use other people's money to keep themselves
in power, how would they have changed the constitution so
that the money didn't control what was being done?
Speaker 1 (05:39):
That is a really good question, A really good question. Hey,
thanks to.
Speaker 3 (05:44):
Call point in time. He had to be a landowner.
Speaker 2 (05:48):
I like that idea. I like that idea. All right,
So now I've got a question for you. Is your
given name Blade? Oh? We lost Glade. There used to
be a spectacular bluegrass band. I used to do lights
for it back when I had a real job called
Oh my goodness, Oh I'm forgetting not new grass. But
(06:16):
it was Tim O'Brien and Nick Forrester, and I'm blanking out.
Speaker 1 (06:19):
On their name because I'm so terrible.
Speaker 2 (06:21):
But they had an alter ego band and it was terrific.
So these guys would come out and do kind of
Hank Williams tunes as completely different characters.
Speaker 1 (06:30):
And they were called Red Knuckles.
Speaker 2 (06:33):
And the Trailblazers, the Red Knuckles and the Trail Blazers,
and oh, Hot Rise, it used to be called Hot Rise.
See the brain still work, It just takes longer to
find the file folders and in Red Knuckles in the Trailblazers.
Speaker 1 (06:47):
This alternative band.
Speaker 2 (06:48):
And they would just ham it up and they were
actually put out some good songs. The bass player was
a guy named Slade.
Speaker 1 (06:57):
Never said a word.
Speaker 2 (06:58):
Were cowboy hat and sunglasses, Slead, and he was born
in Wyoming, Montana or Montana, Wyoming.
Speaker 1 (07:06):
They never could figure that one out.
Speaker 2 (07:09):
And every now and then he'd walk up to the
microphone to say something, the crowd would hush because he.
Speaker 1 (07:14):
Never says anything, and then he'd just walk away.
Speaker 2 (07:18):
Brilliant stuff, brilliant stuff back in the days, all right,
So how bad will things be because of this? I'm
looking at thanks to a friend who just sent me
from Boulder County that put put out this message immediately.
(07:40):
Oh my god, from the commissioners the US Congress have
passed a bill today with devastating consequences for nearly everyone
in this county, even those who do not directly access
federal funded programs like SNAP or Medicaid. This decision by
US Congress will hurt people. It will be disproportionately hurt
community of color, of course, because the white county commissioners
(08:04):
of Boulder care about the people of color that they
priced out of Boulder County with their growth control. Nothing
like racists talking about how things.
Speaker 1 (08:14):
Hurt people of color.
Speaker 2 (08:16):
Yes, Boulder's racist growth control policies.
Speaker 1 (08:27):
So let's be real clear about this.
Speaker 2 (08:30):
First thing they're going to do is say it hurts
people on SNAP, food stamps and Medicaid. Be very clear,
it only hurts able bodied people who refuse to try
to get a job. Let me say that again. When
(08:50):
people say, oh, it cuts it cuts medicaid. Ask this question,
do you people, do you believe people should get able
bodied people should receive medicaid if they refuse to work,
and just what the answer is. If the answer is yes,
(09:11):
you don't have to work and you get stuff, follow
that train of thought. Great economist Henry Hazlitt used to say,
finish the equation. All right, So you're saying that people
who refuse to work should be given free healthcare, free food,
(09:34):
not even having to work halftime or even trying to
get a job, but they should get it just because
they were popped out of somebody's body and they live
now as an adult.
Speaker 1 (09:44):
They get free stuff.
Speaker 2 (09:49):
What happens should more and more people do that and
fewer and fewer people work to make the stuff to give.
In other words, if you have fifty one percent of
the population on the dole, that means forty nine percent
have to work twice as hard to keep the system going.
(10:11):
What happens when it turns out to be ten percent
of people are productive and have to carry the burden
of the other ninety percent, It fails. It fails. Do
you know this guy? When I say this guy, you
know this guy? It's a friend of yours, it's a relative,
(10:32):
it's somebody who says, oh, no, housing is a right.
People have a right to housing. People have a right
to shelter. People have a right to healthcare. I follow
up with a simple question, all right, how can there
(10:55):
be a right dependent upon someone else's labor? How can
a right exist if it is wholly dependent on somebody
else working.
Speaker 1 (11:09):
To provide that good or service? You see?
Speaker 2 (11:12):
If you're stranded on a deserted island, Do.
Speaker 1 (11:18):
You still have the right to free speech? Yeah? You do.
Do you still have the right of press? I suppose
you do. Do you still have the.
Speaker 2 (11:30):
Right to worship the way you want to worship?
Speaker 1 (11:34):
Yes? Do you still have all your rights? Yes?
Speaker 2 (11:38):
Because they're not dependent upon somebody else's labor. When you're
on that deserted island, and you say yes, and I
also have a right to shelter and to food and
to healthcare? All right, you have that right. How do
you exercise your right? You can exercise your rights a
(12:00):
legitm by getting on your knees and praying right then
and there and speaking out loudly. How do you exercise
your right to take other people's stuff?
Speaker 1 (12:11):
It is not a right. It cannot be a right.
Speaker 2 (12:15):
The left progressives are so good at twisting words, and
I believe they do this on purpose to warp our brains.
When men can give birth to babies, the word man
no longer means much of anything. When you say people
(12:37):
have a right to healthcare, a right to food, a
right to shelter, the word right no longer means anything,
because right is therefore dependent upon stealing other people's labor
and giving it to somebody else.
Speaker 1 (12:56):
That's not a right now.
Speaker 2 (12:58):
It might be a moral obligation, it might be an
ethical obligation, it could be a principle of government, it
could be all sorts of things, but.
Speaker 1 (13:08):
It cannot be a rite.
Speaker 2 (13:12):
Similarly, a man cannot give birth, a woman cannot have
a penile erection. This is how they're so good at
messing with words. Do we have time for this call?
Can we talk to Greg?
Speaker 1 (13:31):
Greg? Welcome you with John Caldera.
Speaker 4 (13:34):
Hey John, how are you? John?
Speaker 1 (13:36):
I'm great, Thank you, I've got.
Speaker 4 (13:38):
A John Caldera Caldara eusem murah sane. Do you remember
the show All in the Family.
Speaker 1 (13:45):
Meath heead, Yes, of course, I'm old enough.
Speaker 3 (13:47):
Remember the.
Speaker 1 (13:50):
H Those were the days.
Speaker 2 (13:52):
Boy, the way Glenn Miller played hits on the or
he's going to hit parade guys like us.
Speaker 1 (13:58):
We had it made yes, and they.
Speaker 4 (14:01):
Didn't need no welfare states and everybody pulled their weight. Yep, listen,
why don't we go back to those kind of days.
Speaker 2 (14:09):
I am glad we have a safety net. I have
a son who's severely disabled. I am honored. I'm honored
that we have a we build enough wealth to help
him out with medicaid. He's on Medicaid. I am thrilled
by that. By the way, the thing he wants more
(14:30):
than anything else is a job. But guess what stops
him from having a job the government because of our
ridiculous minimum wage laws. If he goes and works at
a restaurant and makes minimum wage with now what twenty
dollars an hour in Denver, nobody's going to hire him
for that. I don't care if he makes minimum wage.
(14:53):
I hope he gets a nickel a penny at an hour.
But he needs the job and he comes alive with
that job. That's what's so amazing.
Speaker 4 (15:03):
Is the does a minimum wage affect? If does there's
affect is medicaid?
Speaker 2 (15:08):
If he makes too much or if he makes too much,
it could affect his Medicaid and and uh he gets
a little tiny bit of social security from disability too
and make too much money. Oh and also if he
saves too much money that it could be taken from him.
So those of us who have kids, uh, like like mine,
(15:32):
it's a very odd thing to disinherit your child. But
in my will, my son gets nothing. Now, hopefully we'll
be able to build a trust for him or something.
But he can't have anything because if he has too much,
the government just swoops it in.
Speaker 1 (15:48):
Takes it all.
Speaker 2 (15:50):
Uh and before he gets any of his Medicaid benefits.
Speaker 1 (15:55):
That's that's how messed up.
Speaker 4 (15:56):
This is right, But what about the people that are
able to work that don't want to work because they
just want to collect it for free.
Speaker 1 (16:04):
Well, COVID, I believe train them to really be on
the dole.
Speaker 2 (16:10):
Why work when you can make this kind of money
and be protected not working? After all, we're told you
have a right to shelter, you have a right to healthcare,
you have a right to food. You do not have
such a right. And we don't educate people on the
meeting of words. That's why when words start to morph
(16:35):
and turn into jello. That is the tool of socialism.
That is the tool of communism, making words mean what
they do not mean. And that's why I believe the
trans community is so very crazed about misusing words. I
think it's part of the socialistic movement to reattribute the
(16:57):
word right to the democrats.
Speaker 4 (17:00):
I don't know with all the socialist programs.
Speaker 2 (17:02):
And every I mean, I go back to the founding
document that we will be celebrating two hundred and forty
nine years of tomorrow, that we have unalienable rights that
they're given to us through nature's law, now what's known
as natural law. We have a right to be alive.
We have a lot of right to our liberty. We
have a right to our property. We have a right
(17:23):
to pursue the things that we wish to pursue our happiness.
These are human rights, not government given rights. And the
beautiful statement that we don't talk about is that, for
the first time in human history, two hundred and forty
nine years ago, we declared that the job of government
(17:45):
is to protect those individual rights. The job of government
was not to do the it was not to redistribute wealth.
It wasn't to protect the power of a king. It
wasn't to re educate people. It was to protect our life,
our list, our property, our pursuit of happiness. And we
built government to protect those rights, and now we use government.
Speaker 1 (18:09):
To destroy those rights. It is said.
Speaker 4 (18:14):
It wasn't the Constitution also set up to protect our
human rights through protecting us from other countries for war
and stuff. Wasn't that the main reason they talk about
protecting our rights.
Speaker 2 (18:25):
When you go to the Constitution, you'll see that it
is also a first of its kind in the history
document that limits the power of government. Other documents that
government can do this and do that. Magna Carta started
to the United States Constitution said government can't do these
(18:46):
things unless they are in section section eight of Article one,
which worth three d back after this, I'm John Kildera,
so glad that you can spend some time with me.
Give me a call. Three or three six ninety six
eight two five five. That's that's what is that seven
(19:10):
to one three talk. It's almost as if they meant
it to be that anyway. Three or three, seven to
one three eight two five five. The one big beautiful
bill is going to become law. Now keep in mind,
and there are a few things here that that are spectacular.
Speaker 1 (19:29):
There are some gems in here.
Speaker 2 (19:33):
It has work requirements for able bodied Americans receiving taxpayer
payer benefits. If if you want Medicaid and you are
able bodied, and you're childless, that is, you're not stuck
at home. You gotta look for job. It gets rid
(19:57):
of the electric vehicle subsidies. It opens federal lands and
waters to oil, gas, coal and lease mining.
Speaker 1 (20:05):
This is good.
Speaker 2 (20:08):
It renews it expands one hundred percent immediate expensing for
equipment and machinery.
Speaker 1 (20:15):
Wow. Sadly that's only temporary. I like this part.
Speaker 2 (20:21):
It increases the endowment tax on large universities. This is
not a win for Harvard or Mit or Yale or
any of those other big ones that had a billion,
billions and billions in their endowments.
Speaker 1 (20:41):
It can be.
Speaker 2 (20:41):
Taxed as high as eight percent, as low as one
point three percent.
Speaker 1 (20:47):
That was the Senate version. The House's version that.
Speaker 2 (20:53):
Came our director, that came out of the Senate, or
the House's original version had it at twenty one percent.
It cancels Biden's illegal and unfair student loan bailouts. It
requires states to pay more for food stamps. It expands
(21:15):
health savings accounts to give us some choice in how
to spend our money.
Speaker 1 (21:22):
We'll see how that works.
Speaker 2 (21:23):
I love the school choice scholarships that it allows. I
love this part. If it's still in and mind you,
it's nine hundred pages. I haven't read the whole thing.
There is a requirement coming that Venmo, PayPal and other
services report transactions over six hundred dollars to the IRS,
(21:49):
because the irs, God knows, needs to know every transaction
you make, which is one of the reasons it's good
to pay in cash. So you've gotten those ten ninety
nine's and so ideally when you pay your babysitter, and
if you pay your babysitter more than six hundred bucks
(22:09):
over the course of a year, you're supposed to.
Speaker 1 (22:11):
Send her a form. Really, really, it's the same reason.
Speaker 2 (22:18):
By the way, that the federal government in the Federal
Reserve doesn't make a bill larger than one hundred dollars.
There's no banknote that's more than one hundred dollars. Now,
they said it was to fight, What what shall we fight?
There's got to be a crisis. You can't do stupid
things in government. If you don't have a crisis, to
(22:39):
blame it on the drug war. They were going to say, oh,
you see drug dealers use big bills. All right, that's interesting.
But here's what happens with inflation. Your little bills become worthless.
(23:00):
You know, we got rid of printing pennies, right, making
pennies because it just didn't make sense. Would you get that?
The same thing happens when your dollar bill. Now you
need to carry thousands of them, so you carry fives
and then you go, no, that's too much.
Speaker 1 (23:20):
You need larger bills.
Speaker 2 (23:24):
Really, what the Fed and the government wants to do
is to get you to stop paying in cash. They
want you to use banknotes, they want you to use
credit cards. They want you to use electronic transfers so
they can tell what you're doing and who you're giving
your money to, because that's their business. This bill also
(23:51):
increases timber sales on federal lands. That's a great thing.
It's not enough, but it's a great thing. So is
this a good bill? Is this a bad bill? It's both,
It really is both. How about this one? Private student
(24:15):
lenders like sofar stand benefit from lowered federal student loan caps.
Speaker 1 (24:21):
New caps will lower federal.
Speaker 2 (24:23):
Borrowing to one hundred thousand dollars for graduate students two
hundred thousand for professional programs like medical schools.
Speaker 1 (24:32):
So that's down. That's down.
Speaker 2 (24:38):
These lower caps could push some students towards private lenders,
where loans should come from.
Speaker 1 (24:49):
All right, Read this from the Wall Street Journal. One
of the winners.
Speaker 2 (24:52):
Retailers will be among the biggest beneficiaries from the bills,
preserving the current twenty one percent corporate income tax rate.
Speaker 1 (25:03):
Used to be thirty five.
Speaker 2 (25:04):
Retailers paid among the highest effective tax rates, so Macy's
and Cole's operated mostly in the US, spent little money
on manufacturing, so they claimed SHEW deductions. The preservation of
this of the twenty seventeen tax rate cut offers they
spot of good news for an industry facing increased costs
(25:25):
from the Trump trade war. All right, we talked about
that they stripped out a moratorium on messing with AI,
A stupid move. We need a federal moratorium so states
like Colorado don't get involved in the AI business.
Speaker 1 (25:44):
That didn't happen. What about solar and wind?
Speaker 2 (25:49):
So there won't be a special tax credit for solar
and wind? That's good, except when you look into the
details of the bill.
Speaker 1 (26:00):
Follow me here. I know it's the day before the
fourth of July.
Speaker 2 (26:03):
So as long as your company has started any new
renewable energy project in the next year, you can keep your.
Speaker 1 (26:18):
Your credits.
Speaker 2 (26:19):
So these companies that make solar panels or want to
put up solar panels all the rest. All they have
to do is put a stake in the ground right
now saying, oh, we've started our project, we won't be
able to finish it now for fifteen years, and we'll
get fifteen years. Where are the tax breaks?
Speaker 1 (26:42):
How about this one?
Speaker 2 (26:44):
Losers are shippers and online tailors direct to consumer brands
like Sazon.
Speaker 1 (26:51):
I don't know if I'm saying that right.
Speaker 2 (26:52):
Apparel and Diadora sneakers could be hit by a provision
ending the deminimous rule that allows how package is worth
eight hundred dollars or less to be imported duty free
from countries other than China and Hong Kong. Cuts to
the nation's food stamp program or SNAP could be bad
(27:16):
for packaged food companies. No people need to eat, give
me a break. That's not a bad thing. Big food companies,
especially rely on spending from SNAP recipients. Many have cited
a twenty twenty three cuts the program as a contributor
to lower sales.
Speaker 1 (27:33):
Could maybe they'll eat better?
Speaker 2 (27:37):
A Burnstein analysis estimate that SNAP recipients account for nearly
nine percent of grocery spending on food. Really we give
away that much free food?
Speaker 1 (27:54):
What do you think? I think this was a necessary
miss And what a.
Speaker 2 (28:02):
Shame, What a shame that Republicans are so proud of
putting the country in debt another four trillion dollars. Do
you understand there is no getting out of this, There
is no way getting out of this. What we are
(28:22):
doing to future generations is not just unethical, not just immoral.
It's downright, downright sinful to abuse our children, our grandchildren
and their children by spending money they have yet to make,
(28:45):
by taxing money they have not even earned yet, so
that we can enjoy Social Security payments. Now, keep in mind,
when Social Security was started, the problem was from its
very beginning, it was a pay as you go system,
so people who work pay for people who are already retired.
(29:07):
They didn't put money into a bank account. It's not
like a four to oh one k that they were
able to use.
Speaker 1 (29:12):
No.
Speaker 2 (29:14):
They they just had a huge Ponzi scheme, which works
if you have enough people paying into it. But there
was something like forty two people working in the thirties
to support one person on social security. Now it's two
(29:34):
people working to support one person on social security. Do
you not understand how absolutely unsustainable that is? And when
it turns into one for one, it means one person
has to make enough money to pay for himself.
Speaker 1 (29:57):
And enough money to support a Now they're a human being.
Speaker 2 (30:01):
He doesn't know who that person is, as well as
all the other taxes for roads and courts and healthcare
and via benefits and defense and air traffic controllers. It
cannot hold. It simply cannot hold. Can we squeeze on
(30:23):
a call before we got to take a break.
Speaker 1 (30:25):
Let's talk to Michael. Oh did you just say nowhere? Yes? No,
I hear, Zach says no, that's what I needed.
Speaker 2 (30:31):
Hear, Michael, Stay on the line. We'll get back to
here just after this. I'm John Calderreic keep it here,
six thirty K.
Speaker 1 (30:37):
How to these calls? It's been interesting. What do you
feel about the big beautiful bill.
Speaker 2 (30:47):
It's bad, it's awful, it's terrible, and it's better that
it passed than it didn't. Talk to Michael, Michael, welcome,
you're with John Caldera. Glad to have you.
Speaker 5 (30:57):
Michael, thanks for taking my call. I think you know
you're studying this four trillion dollar number. I think that's
a lot of that's based on continuation of the twenty
seventeen tax rates. I believe is that would you would
you agree that.
Speaker 2 (31:12):
Yes, because it's built on the tax rates that are
in the new bill.
Speaker 5 (31:18):
But you know those tax rates were only done because
the Republicans didn't have the bill, they didn't have the
vost to make those permanent. So I mean, without changing nose,
without continuing nose, if you're talking about a huge tax increase.
Speaker 2 (31:32):
Oh, absolutely, without a doubt, we would have had if
this did not pass, we would have had the largest
tax increase from any single bill in American history.
Speaker 1 (31:43):
It had.
Speaker 2 (31:44):
It had to pass to protect the original tax cuts
that Trump did in twenty seventeen, which were coming to
an end this year. Good thing the man was reelected
for no other for no other reason.
Speaker 5 (32:00):
I mean, you know, the Tax Foundation provided a pretty
good summary to build and I've been looking over them
and I think some of the some of the things
that I don't like, salt deductions increased, those those those do.
Speaker 2 (32:10):
Expire inspire, yeah, but it still takes I think it's
like ten years for that to expire. There's some other things.
There's just too many choosing winners and losers. And the
salt deductions you're a perfect example of that.
Speaker 5 (32:28):
Well, salt stuctions were there because of you know, the
the votes that because how narrow the the controlled and
sent it in the House. Withoutout the narrow control, they
would never been part of the build but just in
order to get.
Speaker 2 (32:42):
A couple of Republicans who live in high tax states,
you know, so now those people in other states have
to pay to give a bigger tax break to reward
the bat policy in New York the Democrats.
Speaker 5 (33:00):
That the bill does end is a current practice by
the Democrats to evade the AsSalt limitations. So eleven states,
including Colorado, have passed the provision to evade the salt
tax limitations, and that the bill does end that. So
it does increase the deduction for a few years, but
it eliminates the sneak around to the Democrats used right,
(33:22):
you know.
Speaker 1 (33:22):
The fact of the matter is.
Speaker 2 (33:25):
All the problems that we have are because of governmental
policies over time that it takes time for these governmental
policies to really pervert to pervert the system. For instance, healthcare,
Why in the world does my employer decide the quality
of my health insurance. He doesn't choose my renters insurance,
(33:48):
car insurance, and life insurance, house insurance.
Speaker 1 (33:50):
Umbrella policy.
Speaker 2 (33:52):
It's because during the depression, when FDR put in wage
and price controls in order to achieve to get better employees,
the companies started giving these benefits, and the IRS made
a decision, oh, we won't tax benefits. To move that
forward one hundred years, and now we've got Obamacare because
of that. The same thing with making interest payments deductible,
(34:16):
Why did we do that,
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