December 3, 2025 • 10 mins
Zohran Mamdani’s proposed policies in NYC could make finding an apartment harder and increase prices. There’s an argument that President Trump and the GOP have an opportunity to counter the Democrats’ messaging about an affordability crisis, highlighting Trump’s plans, tariffs, and the “Big Beautiful Bill” to cut taxes and potentially boost the economy.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Here's more marks alone on seven to ten.
Speaker 2 (00:03):
Woo.
Speaker 1 (00:03):
Well, hey, how do we pick our guest? We just
bring you the smartest people on earth. And John Carney brilliant.
He is the business editor of breke Bart News the
Business Digest. By the way, you should sign up for
that daily newsletter, the Breitbart Business Digest newsletter. Excellent stuff.
He writes that with Breitbart editor in chief Alex Marlow.
(00:24):
But he's a brilliant guy on the economy. On business
from Breitbart, John Carney, how you doing very good?
Speaker 2 (00:31):
Thanks for having me Mark.
Speaker 1 (00:32):
Hey anytime. So the election in Tennessee, the election wherever
you look. Affordability. They keep using this word affordability. Affordability. Now,
how do Democrats run every inch of New York for
fifteen years and then tell you there's an affordability crisis
and they'll fix it.
Speaker 2 (00:50):
That's a great question. Look, the plans that the Democrats have,
particularly in New York and Mandami, won't make New York
anymore affordable. In fact, his plan to you know, freeze
rents will actually make it much harder for anybody to
find an apartment in New York because guess what happens
(01:11):
when a landlord can't raise the rent. It means that
somebody who otherwise would move out stays in the apartment forever.
I have friends who live in rent controlled apartments that
they inherited from their grandparents. Yeah, I mean like literally,
they're they're like real estate royalty in New York. And
it's funny that a socialist is putting this in place,
(01:34):
but that's what it creates, is people who never let
go of their apartments.
Speaker 1 (01:37):
Hey, so when you get to the midterms, I know
you could give me statistics and prove things are getting better.
But Democrats in the fake news, they've done a good
job of creating the illusion that we're in a crisis
as far as inflation and prices and what does the
president need to do to counter that?
Speaker 2 (01:55):
So one thing that Trump and the Republicans haven't advantage,
which is time is on their side. Right now, inflation
is running around three percent, but it's coming down. We've
seen the price of gasoline come down a lot over
the last two months. Sheaper gasoline. The inflation continuing to
(02:18):
come down. I think by the time we get to say,
like next summer, so that which is around when people
start to decide how they're going to vote. Right, The
people don't decide really on the election day. They decide sometime,
you know, a few months ahead of time. By the
time we get to next summer, I think actually that
this sure, the media will still talk about affordability, but
(02:43):
people won't be feeling it the way they are right now.
Right now, they're still dealing with basically the hangover of Biden. Inflation.
Prices went up a lot, but as we get further
and further away from that, inflation will continue to come down,
and people's sort of anger or over how high prices
already are will fade a little bit. So a big
(03:04):
time is on their side. So really all they need
to do is stay the course, don't freak out, and frankly,
don't give it into this word of affordability. If you're talking
about affordability as a Republican, you're losing. You need to
talk about opportunity, You need to talk about growth. Affordability
(03:24):
is Frankly, Donald Trump's right when he called it a
con job. It is a It is a phrase that
they never used when inflation was running at nine percent
under Biden. Now it's a crisis because the media has
made it one.
Speaker 1 (03:39):
It's a con job, but it's a good one. It works,
you know it is.
Speaker 2 (03:42):
It's working.
Speaker 1 (03:44):
Hey. But people are gonna have to realize as far
as the big beautiful bill, nothing is kicked in yet, right,
What changes now in January with that bill?
Speaker 2 (03:53):
That's right. So one of the we're going to see
a couple changes that are very important. One is the
no tax on tips, which will be a very big deal.
You know, if you are working in a service job
and you are paid primarily in tips, this is a
huge tax cut for you. So we're going to see
that kick in. Also, there will be no tax on
(04:15):
additional income if you're collecting Social Security. That will be important.
The other thing that has already started to kick in,
and we're going to see it even more as we
get into the new year, is the automatic depreciation of
capital investments. Now, I know that sounds really wonky and nerdy,
(04:36):
but what it means is that businesses can actually invest
and write off right away the full expense of the
new machinery they buy, a new factory they build. That's
a big deal and it will encourage a lot more investment.
And when you get that kind of investment, you increase productivity.
(04:58):
Which will then actually increase employment as well. So I
think actually the job market, which has been a little
shaky today we got a shaky report from the from ADP.
I think we're actually going to see the job markets
start to pick up a lot too, and that will
assuage people's fears about the economy as well.
Speaker 1 (05:17):
Yeah, also, you have a new FED chairman coming, but
how much difference is that going to make? And the
role of the FED seems to be a little crazy
right now. It shouldn't have this kind of importance, should it.
Speaker 2 (05:28):
That's right, In a perfect world, we wouldn't care so
much who the FED chairman is. I think actually one
of the legacies of Jerome Powell has been a over
highlighting of the FED chairman. He looked back in you
know when under Paul Volker or Alan Greenspan, nobody knew
(05:50):
what the FED was doing because they didn't even have
press conferences and when they got called before Congress they
would talk in riddles. I'm not sure we need to
go back to that. But Bernanke when he was chairman,
sat behind a desk when he held this press conference.
It was kind of like doing office hours with a professor.
What are the innovations of Jerome Powell was to stand
(06:10):
in front of a podium like he is the President
of the United States and basically biggest speech. I think
the next FED chairman, if I had one request, there
would be no more podium. Sit behind a desk again,
don't act like a politician. Don't act like you're the
most important person in the world. Sit behind a desk.
(06:31):
Talk academically, don't give a speech.
Speaker 1 (06:34):
Yeah, that's a good point, hey, John Carney. Now let
me ask some Democrats will complain about tariffs that tariffs
raised the prices. Tariffs. It's a burden on the consumer
because they'll pay the t don't they Then the Democrats,
aren't they proposing tariffs when they talk about a corporate
tax increase. Isn't that the same thing, same effect as
a tariff.
Speaker 2 (06:54):
It's actually not just the same effect. It's the same
exact thing. The consumers don't pay parffs.
Speaker 1 (07:00):
Right.
Speaker 2 (07:01):
The first person who pays the tariff is the person
who is importing a good That is a company, it's Walmart,
it's Target, it's a big business that is importing the goods.
Those are That's who pays the tariff. It is a
form of a corporate tax. So when Democrats say, oh,
you know that that tax will be passed on to consumers, which,
(07:23):
by the way, it really hasn't been. What we businesses
have been telling us actually in all of their earnings
that they're actually having a really hard time trying to
pass it on to consumers. Who's paying it is it's
coming out of the bottom line of businesses, or the
manufacturers abroad are lowering their price to keep themselves competitive
(07:44):
in the US. But a raise of corporate tax, somehow,
the Democrats think, will mysteriously not be passed on. So
they say that the tariff will be, but the corporate
tax won't. Their point really doesn't make much sense. And
if any thing, a corporate tax is more likely to
be passed on to consumers because it can't be paid
(08:05):
at all by a foreign manufacturer, there's nobody to push
it back onto, so it will be paid by both
consumers and investors actually, which you know are is the
same thing. You know, people, It will come out of
people's four one ks, the retirement plans. That's who ends
up paying the corporate tax.
Speaker 1 (08:24):
Wow, very good explanation, Saya, So tariff's easier on the
consumer corporate tax boom hits the consumer immediately. Absolutely, John Carney,
great having you on. Let's do it again soon and
thanks for the It's the best thing every day to
read the Breitbart Business Digest. You just go to Breitbart
right sign up for the newsletter every day.
Speaker 2 (08:46):
Yep, Breitbart dot com slash newsletters, there's a whole bunch
of them. You should sign up for all of them.
They're all excellent. But Bredburt Business Digest comes out every
day and one of the things I really like about
it is we don't just tell you what has the news,
but what it means for your future. So what's going
to happen next. If you want to know what's going
to happen in the economy next, look at Breitbart Business Digest.
(09:07):
Sign up comes her inbox. It's totally free.
Speaker 1 (09:10):
Yeah, and all the smartest people read it. Larry Cudloer
reads it every day, the President reads it. Everybody loves it.
It's the bright bart.
Speaker 2 (09:16):
Surry Secretary Scott Besson says it's his first thing reading
every day, So you.
Speaker 1 (09:21):
Can't do better than that. So you can read it
to every day. Sign up Breitbart Business Digest, go to
Breitbart and sign up for it under newsletters. Great stuff,
John Carney, thanks for being with us. Thanks Mark, all right,
take care, Hey, don't forget. Buck and Clay are coming
up at noon today with an excellent show. And then
three o'clock you got Sean Hannity, the most listened to
(09:44):
radio show in America. He's been doing it right from
the swamp for a couple of days. Interesting shows. And
then you got Jesse Kelly at six and the best show,
our news show is Jimmy Fayla. Excellent stuff. It's every night.
You got to listen to it. At one o'clock on
seven ten w o R.
Here's more marks alone on seven to ten.
Speaker 2 (00:03):
Woo.
Speaker 1 (00:03):
Well, hey, how do we pick our guest? We just
bring you the smartest people on earth. And John Carney brilliant.
He is the business editor of breke Bart News the
Business Digest. By the way, you should sign up for
that daily newsletter, the Breitbart Business Digest newsletter. Excellent stuff.
He writes that with Breitbart editor in chief Alex Marlow.
(00:24):
But he's a brilliant guy on the economy. On business
from Breitbart, John Carney, how you doing very good?
Speaker 2 (00:31):
Thanks for having me Mark.
Speaker 1 (00:32):
Hey anytime. So the election in Tennessee, the election wherever
you look. Affordability. They keep using this word affordability. Affordability. Now,
how do Democrats run every inch of New York for
fifteen years and then tell you there's an affordability crisis
and they'll fix it.
Speaker 2 (00:50):
That's a great question. Look, the plans that the Democrats have,
particularly in New York and Mandami, won't make New York
anymore affordable. In fact, his plan to you know, freeze
rents will actually make it much harder for anybody to
find an apartment in New York because guess what happens
(01:11):
when a landlord can't raise the rent. It means that
somebody who otherwise would move out stays in the apartment forever.
I have friends who live in rent controlled apartments that
they inherited from their grandparents. Yeah, I mean like literally,
they're they're like real estate royalty in New York. And
it's funny that a socialist is putting this in place,
(01:34):
but that's what it creates, is people who never let
go of their apartments.
Speaker 1 (01:37):
Hey, so when you get to the midterms, I know
you could give me statistics and prove things are getting better.
But Democrats in the fake news, they've done a good
job of creating the illusion that we're in a crisis
as far as inflation and prices and what does the
president need to do to counter that?
Speaker 2 (01:55):
So one thing that Trump and the Republicans haven't advantage,
which is time is on their side. Right now, inflation
is running around three percent, but it's coming down. We've
seen the price of gasoline come down a lot over
the last two months. Sheaper gasoline. The inflation continuing to
(02:18):
come down. I think by the time we get to say,
like next summer, so that which is around when people
start to decide how they're going to vote. Right, The
people don't decide really on the election day. They decide sometime,
you know, a few months ahead of time. By the
time we get to next summer, I think actually that
this sure, the media will still talk about affordability, but
(02:43):
people won't be feeling it the way they are right now.
Right now, they're still dealing with basically the hangover of Biden. Inflation.
Prices went up a lot, but as we get further
and further away from that, inflation will continue to come down,
and people's sort of anger or over how high prices
already are will fade a little bit. So a big
(03:04):
time is on their side. So really all they need
to do is stay the course, don't freak out, and frankly,
don't give it into this word of affordability. If you're talking
about affordability as a Republican, you're losing. You need to
talk about opportunity, You need to talk about growth. Affordability
(03:24):
is Frankly, Donald Trump's right when he called it a
con job. It is a It is a phrase that
they never used when inflation was running at nine percent
under Biden. Now it's a crisis because the media has
made it one.
Speaker 1 (03:39):
It's a con job, but it's a good one. It works,
you know it is.
Speaker 2 (03:42):
It's working.
Speaker 1 (03:44):
Hey. But people are gonna have to realize as far
as the big beautiful bill, nothing is kicked in yet, right,
What changes now in January with that bill?
Speaker 2 (03:53):
That's right. So one of the we're going to see
a couple changes that are very important. One is the
no tax on tips, which will be a very big deal.
You know, if you are working in a service job
and you are paid primarily in tips, this is a
huge tax cut for you. So we're going to see
that kick in. Also, there will be no tax on
(04:15):
additional income if you're collecting Social Security. That will be important.
The other thing that has already started to kick in,
and we're going to see it even more as we
get into the new year, is the automatic depreciation of
capital investments. Now, I know that sounds really wonky and nerdy,
(04:36):
but what it means is that businesses can actually invest
and write off right away the full expense of the
new machinery they buy, a new factory they build. That's
a big deal and it will encourage a lot more investment.
And when you get that kind of investment, you increase productivity.
(04:58):
Which will then actually increase employment as well. So I
think actually the job market, which has been a little
shaky today we got a shaky report from the from ADP.
I think we're actually going to see the job markets
start to pick up a lot too, and that will
assuage people's fears about the economy as well.
Speaker 1 (05:17):
Yeah, also, you have a new FED chairman coming, but
how much difference is that going to make? And the
role of the FED seems to be a little crazy
right now. It shouldn't have this kind of importance, should it.
Speaker 2 (05:28):
That's right, In a perfect world, we wouldn't care so
much who the FED chairman is. I think actually one
of the legacies of Jerome Powell has been a over
highlighting of the FED chairman. He looked back in you
know when under Paul Volker or Alan Greenspan, nobody knew
(05:50):
what the FED was doing because they didn't even have
press conferences and when they got called before Congress they
would talk in riddles. I'm not sure we need to
go back to that. But Bernanke when he was chairman,
sat behind a desk when he held this press conference.
It was kind of like doing office hours with a professor.
What are the innovations of Jerome Powell was to stand
(06:10):
in front of a podium like he is the President
of the United States and basically biggest speech. I think
the next FED chairman, if I had one request, there
would be no more podium. Sit behind a desk again,
don't act like a politician. Don't act like you're the
most important person in the world. Sit behind a desk.
(06:31):
Talk academically, don't give a speech.
Speaker 1 (06:34):
Yeah, that's a good point, hey, John Carney. Now let
me ask some Democrats will complain about tariffs that tariffs
raised the prices. Tariffs. It's a burden on the consumer
because they'll pay the t don't they Then the Democrats,
aren't they proposing tariffs when they talk about a corporate
tax increase. Isn't that the same thing, same effect as
a tariff.
Speaker 2 (06:54):
It's actually not just the same effect. It's the same
exact thing. The consumers don't pay parffs.
Speaker 1 (07:00):
Right.
Speaker 2 (07:01):
The first person who pays the tariff is the person
who is importing a good That is a company, it's Walmart,
it's Target, it's a big business that is importing the goods.
Those are That's who pays the tariff. It is a
form of a corporate tax. So when Democrats say, oh,
you know that that tax will be passed on to consumers, which,
(07:23):
by the way, it really hasn't been. What we businesses
have been telling us actually in all of their earnings
that they're actually having a really hard time trying to
pass it on to consumers. Who's paying it is it's
coming out of the bottom line of businesses, or the
manufacturers abroad are lowering their price to keep themselves competitive
(07:44):
in the US. But a raise of corporate tax, somehow,
the Democrats think, will mysteriously not be passed on. So
they say that the tariff will be, but the corporate
tax won't. Their point really doesn't make much sense. And
if any thing, a corporate tax is more likely to
be passed on to consumers because it can't be paid
(08:05):
at all by a foreign manufacturer, there's nobody to push
it back onto, so it will be paid by both
consumers and investors actually, which you know are is the
same thing. You know, people, It will come out of
people's four one ks, the retirement plans. That's who ends
up paying the corporate tax.
Speaker 1 (08:24):
Wow, very good explanation, Saya, So tariff's easier on the
consumer corporate tax boom hits the consumer immediately. Absolutely, John Carney,
great having you on. Let's do it again soon and
thanks for the It's the best thing every day to
read the Breitbart Business Digest. You just go to Breitbart
right sign up for the newsletter every day.
Speaker 2 (08:46):
Yep, Breitbart dot com slash newsletters, there's a whole bunch
of them. You should sign up for all of them.
They're all excellent. But Bredburt Business Digest comes out every
day and one of the things I really like about
it is we don't just tell you what has the news,
but what it means for your future. So what's going
to happen next. If you want to know what's going
to happen in the economy next, look at Breitbart Business Digest.
(09:07):
Sign up comes her inbox. It's totally free.
Speaker 1 (09:10):
Yeah, and all the smartest people read it. Larry Cudloer
reads it every day, the President reads it. Everybody loves it.
It's the bright bart.
Speaker 2 (09:16):
Surry Secretary Scott Besson says it's his first thing reading
every day, So you.
Speaker 1 (09:21):
Can't do better than that. So you can read it
to every day. Sign up Breitbart Business Digest, go to
Breitbart and sign up for it under newsletters. Great stuff,
John Carney, thanks for being with us. Thanks Mark, all right,
take care, Hey, don't forget. Buck and Clay are coming
up at noon today with an excellent show. And then
three o'clock you got Sean Hannity, the most listened to
(09:44):
radio show in America. He's been doing it right from
the swamp for a couple of days. Interesting shows. And
then you got Jesse Kelly at six and the best show,
our news show is Jimmy Fayla. Excellent stuff. It's every night.
You got to listen to it. At one o'clock on
seven ten w o R.
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