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August 14, 2024 • 26 mins
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Speaker 1 (00:00):
Now we have a new candidate, Your Decision twenty twenty

(00:03):
four station, a.

Speaker 2 (00:04):
Failed vice president and a failed administration.

Speaker 1 (00:07):
Fifty five cares He the talk station coming up on
seven oh six.

Speaker 3 (00:27):
At fifty five KRCD Talk Station. Happy Wednesday, an extra
special Wednesday because today the return of Day Widiams from
the Taxpayer Protection Alliance, which you can find online and
I recommend you do go at protecting Taxpayers dot org
looking out for where how our dollars are spent, and
usually they're spent well stupidly. Dave Williams, it's always a
distinct pleasure to have you on my program Sir, Welcome back.

Speaker 4 (00:48):
Good morning, Brian.

Speaker 5 (00:49):
I was telling Joe, your producer, off the air that
I can't wait for the campaigns to end an NFL
to begin.

Speaker 3 (00:56):
Well, it's just that's funny, you ronicaus. You and I
had conversations about, in addition to street cars, stadiums and
stupid stadium deals. And I had our local sports writer
for the CINCINNI inquired Jason Williams on yesterday talking about
I guess there's some you know, rumblings and things going

(01:16):
on about the well it's formerly Paul Brown Stadium, now
it's pay corpse stadium, but it needs upgrades, and we
the Hamilton County taxpayers, are going to be on the
hook for a lot of them. And there was some
discussion like, well, what if they just build a new
stadium out in the suburbs And two billion dollars was
the price tag that was associated with it. And the
Brown family apparently generates all of its revenue exclusively off Bengals,

(01:40):
so they're not in the multi billionaire club of folks
who can actually afford to pay for a large share
of their new stadium, so kind of puts them in
a bit of a disadvantage. So they just remodeled the
locker room, which I don't know if anybody was asking for,
but talking with the local sports writers and commentators, apparently
the Bengals players were like, yeah, whatever, it looks like

(02:02):
a discothech. They spend millions of dollars upgrade in the
locker room. Hey can I still hang my stuff in
here and take a shower? I mean, isn't that what
you want? It doesn't help the fans at all, And
it came to a huge expense, and I guess the
Browns decided they were going to pay for that themselves.
But you know, and I look at a figure like
two billion dollars, Dave, two billion dollars it is to
go in, and the price of the ticket, the cost

(02:24):
of a beers like twelve dollars. You know, a little
skyline chili coney costs like seven bucks. You can get
one for like three bucks at the store. It's just crazy.
And wouldn't you rather be at home within your giant,
high resolution five K jumbo tron TV and the comfort
of your own home and your own bathroom, your own food,
and see the game better, easier, without the headaches and

(02:47):
hassles of parking, et cetera. I would think, and I
hate to get down this road, but you know, like
drones are taking over. I think we're probably going to
need to buy fewer and fewer full sized aircraft for
human beings to fly more. People I think are just
gonna want Why do I go? And I thinks the
headache and hassle the game, I'd rather watch it your home.

Speaker 5 (03:04):
Yeah, you can have food delivered to you, you can
have everything delivered to listen. I would rather sit at
home watch my team lose, then go to a stadium
and watch my team lose and feel the disappointment. At
least I don't have a you know, commute home after
the game.

Speaker 4 (03:20):
I'm already there.

Speaker 3 (03:21):
I'm sorry to take you down that road, but we
just came up yesterday just too And that's the norm
these days anyhow. And how many games do they play
there each year? Not many. Let's move over to the
tax there's uncertainty because we don't know if there are
elected officials and Washington are going to extend the twenty

(03:44):
seventeen tax cuts or let them fall by the wayside,
and everybody's taxes go up, creating what you note on
the Taxpayer Protection website, creating uncertainty, which has got to
was a real problem for businesses. They need to have
some idea of where we're going tax wise so they
can prepare for the future.

Speaker 4 (04:05):
They really do.

Speaker 5 (04:06):
In twenty seventeen was such an amazing year for taxpayers
because tax reform was passed, and you remember the bonuses
that went out. Companies expanded their business, they gave out bonuses,
and I remember Nancy Pelosi mocking saying, oh, one thousand dollars.

Speaker 4 (04:22):
Who you know, that's not a lot of money for anybody. Well, yes,
it is.

Speaker 5 (04:27):
Dollars, is a few car payments, is a mortgage payment?
I mean it really makes a difference in someone's like
maybe not Nancy Pelosi, who's worth hundreds of millions of dollars,
but it really rev the economic engine. And now those
tax cuts are expiring, like you said, and businesses are like,
what are we going to do?

Speaker 4 (04:43):
Guys, give us some guidance here.

Speaker 5 (04:45):
We need to know if they're going to be extended
and what's going to happen in the next two years.

Speaker 4 (04:49):
And businesses make a lot of decisions.

Speaker 5 (04:52):
They make investment decisions, they make hiring decision based upon
the economy, based upon the tax code. And that's why
they want, I know, and that's why there's such a
high level uncertainty because they don't know which tax cuts,
if any, will be extended.

Speaker 3 (05:07):
You know what really irks me and I'm glad we're
having this conversation just because I can observe once again
that they don't make anything permanent. Why was there an
expiration date on this? If they want to raise taxes,
force them to vote to raise taxes. Don't build in
an end date. And that would give us all much

(05:27):
greater confidence that the tax rates aren't going to change
on us.

Speaker 4 (05:31):
That's right.

Speaker 5 (05:32):
And if you notice spending is always permanent, is that
these programs are never sunseted, that you have a program
that last time, we have a sugar subsidy program from
the nineteen thirties, Yet we have tax cuts that are
going to expire from twenty seventeen. And you're right, it's
completely opposite of what should be happening.

Speaker 4 (05:49):
And you know, I.

Speaker 5 (05:50):
Would like for them to vote for this, like right
before an election, you know, vote for a tax increase
right before an election. Maybe it would really get people's attention.
I think Congress is at zo.

Speaker 3 (06:00):
Well, and we'll see, we would see how that would
go over. But you know, I'd just like to see
something permanent. They'd have the and I guess they have
an expiration day built in at the outset. Is that
so they can get votes that the otherwise wouldn't get
to get the taxes the tax reform in place, or
is there some other nebulous and okay, so it is
that And.

Speaker 5 (06:20):
It's a lot of you know, just sort of financial tomfoolery,
right is that you know they you know, they look
at the out years and they say well, after twenty
twenty five, we're going to bring this in the revenue
into the into the government. Well, we never see an
out year. I mean out years never happened. It's always,
you know, the current year. So that's why why they

(06:40):
do it. It's it's so dishonest with the American people.
And and again, we have to beg to keep our
own money. I mean, I don't understand how we have
to beg to keep our own money.

Speaker 3 (06:51):
Dave, you're talking my language, friend, you are talking my language. Well,
and as far as corporate taxes are concerned, because those
those are going to go up fairly dramatically. And it's
a big lie that the corporations are paying the taxes.
I mean, it's a simple economic reality. It's like if
you jack the property taxes up for a apartment building owner,

(07:12):
he's going to pass the additional tax increase onto the renters.
If you jack the corporate taxes up, they're not going
to sacrifice the profit margins. They're just going to increase
the price of the goods and services. So it has
an inflationary effect on what we buy. We pay the
increased corporate tax we do.

Speaker 5 (07:28):
And right now, the corporate tax rate is twenty one percent.
It is not great, but it's a lot better than
forty percent than what it was in twenty seventeen. Here's
the problem is that other countries have a much lower
corporate tax rate and businesses will leave this country. They
did it before, they did it before twenty seventeen. You
had Burger King. They went to Canada. Tim Hortons bought

(07:53):
Burger King. And they call these inversions where they really
just kind of shift their corporate structure to another country.

Speaker 4 (07:59):
But they sent them a ton of money.

Speaker 5 (08:01):
And what it does is people are laid off in
this country and it really hurts the revenue coming into
the government.

Speaker 4 (08:07):
So it's a no when situation.

Speaker 5 (08:08):
And again you said it perfectly, is that companies don't
pay taxes, consumers do and the economy that's who suffers
most notably.

Speaker 3 (08:17):
And then there's the corollary to the tax rate being
high and companies moving elsewhere, and also the cost of labor.
I mean, why do you think China end up building
so much manufacturing or building the manufacturing base over the
years is because they have cheap, sometimes slave labor that
can make products and without the you know, pesky things
like EPA mandates and edicts. Osha, Oh my god. You know,

(08:38):
just businesses. International businesses go wherever it is they can
build their products or provide their services for less money.
Welcome to the regulatory overburden we have here in the
United States, which is an enemy to productivity here and
investment in America in and of itself.

Speaker 5 (08:54):
You know, at times we don't want to win the
race to the bottom. This time we do with the
corporate tax rate. We want to that's a wellfs corporate
tax rate to bring as many businesses in. And listen,
they came back in twenty seventeen, twenty eighteen. They came
back to the country because they saw a better economic
better economic conditions here.

Speaker 3 (09:12):
No doubt about it. And I think COVID woke us
up to the reality that we better start manufacturing our
own stuff because if we get into a serious war
with China, we aren't going to have anything here.

Speaker 4 (09:24):
Exactly.

Speaker 3 (09:25):
Dave, let's pause, and I am I'm puzzling over our
next subject matter, vehicle transplants more with Dave. Dave Williams
a taxpayers. So that's a lot of feces, sorry, Dave.
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Speaker 2 (11:13):
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Speaker 3 (11:42):
See the talk station seventeen fifty five KR. Seit the
talk station Brian Thomas with Dave Williams and the taxpayer
of Protectional Lige you can find on a line at
Protecting Taxpayers dot org. Dave, I'm inclined to read a
quote from your article about fecal transplants deserving light squeeze
regulatory approach that the headline. Here we go. Here's a

(12:03):
good setup for you segue into what you're talking about. Quote. Alexandra,
sixty six year old retired woman at ec was defrosting
a piece of human feces that she purchased over the Internet.
Her goal was to reduce the stool into a sloshy,
biologically rich mixture, which could then be easily transferred past
her rectum and into her colon. She laid there, allowing
her homebrew liquid fecal elixir to seep into her enterns

(12:24):
where she hoped it would bloom new life into her
troubled guts close quote Wow, how did that make How
did that make it? Into the Taxpayer Protection Alliance reporting?
Dave Williams, you wrote the article, let's drive, let's drive
into this.

Speaker 5 (12:40):
I wrote the article, and someone actually edited this and
didn't take any of this out.

Speaker 4 (12:45):
That's the miracle of this op ed.

Speaker 5 (12:49):
And you know, Brian, the science is evolving in ways
that we just can't comprehend at this point.

Speaker 4 (12:55):
Jane, replacement therapy. Now we have people transplants where.

Speaker 5 (12:59):
People are are really seeing the benefit of these new procedures,
and the FDA is not. And the FDA is putting
roadblocks in every place possible to stop these new products,
these new procedures from coming to the market. And they're
scientifically proven, these things are working.

Speaker 4 (13:17):
And the FDA is not allowing that.

Speaker 5 (13:19):
Now, the FDA receives billions of dollars and user fees
and taxpayer money, they should be the catalyst for.

Speaker 4 (13:26):
These products, for these procedures. They are not.

Speaker 5 (13:30):
They are putting up roadblocks wherever they can, and it's
hurting the American people, it's hurting consumers, and it's hurting
patients like this sixty six year old woman.

Speaker 3 (13:39):
Well, and as weird as what I just read sounds,
I'm with you. I have read. I mean, it's been
going on for several years now. I have been all
kinds of studies where one of the problems that we
face in terms of our collective health and this your
gut bacteria impacts so many aspects of your life and
your health. You know, maybe responsible in part for obesity
problem we face these days, but there are all kinds

(13:59):
of problems that this procedure, this technique of using you know,
a fecal donor and introducing the donors fecal matter into
your gut can turn your your poorly you know, regulated
gut around and give you great benefit. I mean, it's
been demonstrated. So why would they want to stand in

(14:20):
the way.

Speaker 5 (14:21):
Well, you have a bureaucracy, and the bureaucracy stands in
the way. And if you look at the drug approval process,
it takes about ten to twelve years and two billion
dollars for a company to get a drug approved. Now, listen,
you are not guaranteed to get that drug approved unless
you're a vaccine and it goes pretty quickly. But if
you have a drug and if they have a threshold

(14:44):
of ninety five percent, efficacy not safety. Safety is a
whole different thing. Efficacy how efficient it is. If it
is ninety four point five the FDA says, no, you
can't bring this to market.

Speaker 4 (14:58):
Brian, would you take a drug it is.

Speaker 5 (15:00):
Ninety four point five percent effective in a heartbeat?

Speaker 4 (15:05):
I would do that. And that's the problem.

Speaker 5 (15:07):
There's no flexibility with the FDA.

Speaker 3 (15:10):
That's pretty damn good odds. And might it be And
let me just suggest this day, you don't need to
buy into my theory on this. Like bioidentical hormones, which
are widely prescribed for a whole number of problems, you
can't patent them because they're bioidentical. If they exist in nature,
then the pharmaceutical companies can't do anything about it, and

(15:31):
they can't patent them and make money off of them.
Feces is sort of ubiquitous, Dave. And maybe because they
can't patent you know, someone's stool and apparently there are
stool donation sites on here. You mentioned in your article
that they don't want that to come on the market
because it might interfere with the patents they have on
things that are supposed to correct your problems.

Speaker 5 (15:54):
Well, and look what we're doing with sending stool samples
through the mail to get diagnosed for a certain illnesses.
And this has become common. But the FDA threw up,
threw up roadblocks for this when this initially came out.
But now this is standard, This is standard for people
to do this, And there are companies out there that
are you know, early detection systems for people to uh,

(16:16):
you know, to solve these problems.

Speaker 4 (16:18):
And again it's the FDA standing in the way of this.

Speaker 3 (16:21):
Well, and there are no edicts or mandates that force
you to get a stool replace a stool sample to going.
This is an elective procedure. This is something that you
buy choice, can choose to pursue if you and your
physician and uh and others think it's the right thing
to do.

Speaker 5 (16:38):
Yeah, and I can't imagine a lot of people would
do this, you know. Just Yeah, there's a term out
there I wanted to use, but I couldn't use it. It's
a little it's a little off putting.

Speaker 3 (16:52):
I might, I might point out, you know, I get that.
I'm not quite sure if i'd stand a line to
do this myself. But if I was struggling and I
had some problems and there has been a demonstrated benefit
for this procedure and it isn't harmful, then yeah, I
think I would go ahead and give it a shot
some people.

Speaker 5 (17:08):
We just want people to have the option to do this,
and the FDA is taking away those options.

Speaker 3 (17:15):
In a nod to Thomas Massey, I'm thinking of raw
milk as well. You know you should have the option
if you want to drink raw milk. No one's forcing
you to do it. If you know it's raw milk
and you know it comes with some risks, then fine,
you can take this risk, like the ninety four point
something percent approval. That's a risk I'd be wanted to take.
Stick around one more, Dave, we'll talk about IRS Overreach

(17:38):
Prevention Act and maybe get a little insight into the
Cato Institute poll showing Americans preference on trade. Considering we
know where Donald Trump is on that he wants the
levy tariffs on Chinese products, is that something the American
people want? One more with Dave Williams from the Taxpayer
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Happy Wednesday. Taxpayer text lines Dave Williams. Dave, I like

(19:07):
this IRS Overreach Prevention Act you can get. You can
do your taxes pretty cheaply out here in the real
world by yourself with some inexpensive software. So why we
need the federal government to do it?

Speaker 4 (19:20):
Wow?

Speaker 5 (19:20):
So the IRS has started this new direct file program.

Speaker 6 (19:24):
Where from the bottom of their hearts, they will prepare
your returns for you because they know that you are
so busy and that there's no private services out there
that they will do this.

Speaker 5 (19:36):
They will prepare your returns. Obviously a huge conflict of interest. Yes, thanks,
mister or missus. IRS is not gonna look at your
tax return and think, hmm, mister Williams. We're going to
try to get you the biggest refund that we can
because we're the IRS and that's what we're what we
want to do. Obviously, a huge conflict of interest. The
IRS cannot even protect basic information that they're holding and

(20:00):
now they want more of our financial information, a parendous idea,
and someone in Congress is finally standing up and saying, no,
we need to shut down the direct file program. We
submitted foya's Freedom of Information Acts to the irs, asking
them how much this program was going to cost, and
they said they have no records that are responsive, They

(20:21):
have no idea what is going to cost the American
taxpayer to fully implement this system. And we ask for
foyas from a couple of years or information from a
couple of years in zilch zero, nada.

Speaker 3 (20:35):
Well, let me ask you this direct question. Are they
authorized to do this? I know they're funded and well funded.
They are, but don't they have to have a specific
congressional authorization to launch a brand new, extraordinarily expensive program.

Speaker 4 (20:50):
They are not authorized, And they lied to Congress.

Speaker 5 (20:54):
They said that they were going to do a pilot program,
and they're asking Congress for permission to do a pilot program.

Speaker 4 (21:00):
Well, guess what.

Speaker 5 (21:01):
Today They had the program already set up, and they
spent twenty million dollars initially just to get the initial
part of the software done, and now they want full
implementation that could cost billions of dollars and they got
zero authorization from Congress, and that's why some members of
the House of Representatives aren't very happy right now, and

(21:21):
they're trying to shut this down. I mean, obviously we're
working with them, but they're trying to shut this down asap.

Speaker 3 (21:26):
Well. Being the lawyer and recognizing the complicated issue of standing.
If I had standing to go to court on the
IRS illegally or improperly using these taxpayer dollars to expand
a program that they had no authority to do, I'd
probably win that case. But getting into court and having
standing is a tremendous hurdle to overcome. So that's why

(21:47):
you got to pass the law rather than running into
court and pointing out that it is not within the
parameters of what the IRS is permitted to do with
the money.

Speaker 5 (21:56):
That's right, and they did this pilot program this year
and they're expect I think fifteen million people to use
this system, and about one hundred thousand did. Brian, we
know the American people are a lot smarter than a
government takes us for right, yes, and we know what's
going on, and people understand that this is not within

(22:17):
the purview of the irs, and this is not going
to be an our economic interest at all.

Speaker 3 (22:22):
Well, and I'm sure this will break across party lines
for whatever reason, just because some Republicans are pushing forward
with this. Are there any Democrat co sponsors on this?

Speaker 4 (22:34):
I don't believe that there are no.

Speaker 3 (22:36):
There are none. Shocking anyway, speaking over to what the
American people want and don't want and what their perception is.
What about trade? I know, at least we know Donald
Trump has stated out loud on the record one of
his party platforms is to raise the tariffs on Chinese goods.
A lot of economists are saying that will be terrible
for the American people because would increase the cost of

(22:57):
those goods and we don't have an alternative place to
get them. Uh. What does the Cato Institute poll show
about preferences on trade?

Speaker 5 (23:04):
So this is fascinating because both parties, because the Democrats
and the Republicans are talking about teriffs, and you would
think that this is something that's popular, that if both
parties are talking about this, it must be a popular thing. Well,
the Cato Institute, you know, seventy five percent said that
consumers worry you could raise prices. Well, guess what tariffs
do raise prices again, going back to the corporate tax rate,

(23:26):
when you add a cost to something that gets passed
on to the consumer. And a lot of people, I
think it's over sixty percent want to have more trade
with foreign nations. And listen, there is a China problem,
but that doesn't mean we have a ten percent tariff
on everything that comes into this country, not to China,
but from other countries. That's the problem is that these

(23:48):
are you know, broad tariffs that would be put in
place again by both parties, and it's just raises apparances
on goods that are coming into this country.

Speaker 3 (23:57):
Well, and of course invites trade wars in the form
of counter tariffs on American produce goods we try to
sell abroad. I mean, that's just the next step logically,
it is.

Speaker 5 (24:06):
And I remember someone from Cato, this is years ago,
we were talking about pre trade and they said, why
do businesses need permission from the government to sell their
things to other people and other countries? Like, why do
we have to get permission from the government to do everything.

Speaker 4 (24:21):
We should just be able to do this and not have.

Speaker 3 (24:24):
This barrier understood, But you know, the other the flip
side of that is the more you trade with China,
the more profit they make and the bigger their military gets.
And they do have somewhat of a problem with US
and how we do business, and would certainly love to
take over Taiwan, which is against US policy. So yeah,
I mean there's two sides of this. You got to

(24:47):
be able to weigh both. And just remember, if there
are tariffs, whether you form or against them, the price
of goods will go up. I think we can all
just agree on that one concluding point, correct, Dave.

Speaker 4 (24:59):
Undoubtedly the price we'll go up, and we have seen
them go up.

Speaker 5 (25:02):
And again we're talking about massive terriffs that both parties
are are talking about.

Speaker 3 (25:06):
Yep, Dave Williams again finding on line at Protecting Taxpayers
dot org bookmarket. You'd be glad you did, and I'll
look forward to another conversation with you real soon, Dave.
In the meantime, thanks for everything that you and the
folks are there are doing each and every day, and
best of health to all of you.

Speaker 4 (25:21):
Thanks, Brian, have a great week.

Speaker 3 (25:23):
Always a pleasure you two. Seven thirty five Sharon Coolidge
The enquire coming up. I'm really looking forward to this
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for a building that it never used. But also she's
gonna comment on taking money out of the railway fund
for property tax relief Tom Brinkman proposals. Signatures being circulated
right now. My friends in Cincinnati may be voting on that.

(25:45):
Sharon Coolidge would be up next by her stored for
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Emery Federal Credit Union open their doors eighty five years ago.
I love what they do, and they're really great with
the community, the charitable organizations. They do the shredding events
throughout the year, and they're always helping out their members.
It's a better way to bank at Emory Federal Credit Union.

(26:06):
I know that because I've been banking with them for
about a decade maybe more, and I can compare it
to my big bank account my experience with them. But
in celebration of eighty five years in business, they're offering
all kinds of special discounts and public events you're not
going to want to miss right now that they're offering.
What they're offering is a special opportunity for you to
boost your savings deposit with a certificate rate as high
as five point two percent for six months. I like

(26:30):
that rate, six months five point two percent, So celebrate
along with Mter Federal Credit Union that passing along to
love to you. Certain restrictions apply and it is a
limited time offer to learn about all the events and
the specials that are going on, and this one particularly
Emory FCU dot org. EMORYFCU dot org NMLS number four
zero one zero, it's seven federally insured NCUA Equal Housing
Lender fifty five KRC. Your idea for a

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