The Dan Bongino Show - Ep. 582 Democrats are Lying About the GOP Tax Plan

Episode Date: November 2, 2017

In this episode -   Democrats are lying about the Republicans’ tax plan. http://www.washingtonexaminer.com/democrats-are-lying-about-republican-tax-plan-says-washington-post-fact-checker/article/2639367   If global warming is real then why isn’t the globe actually warming? https://wattsupwiththat.com/2017/11/01/global-temperature-continues-to-cool/   This tax deduction actually encourages higher taxes. http://dailysignal.com/2017/11/01/tax-deduction-forces-americans-subsidize-high-tax-states/?utm_source=TDS_Email&utm_medium=email&utm_campaign=MorningBell&mkt_tok=eyJpIjoiTURFeU0yWTVORE15TVRjMiIsInQiOiJRblB2clZKNkJOaERCRWpRZGxmNENnbFVIdEoxOVRiVUlDa3I2ZmZ0dUNuY2xKVXBubUdKaWpzZTBIT2R3T0pJNjF5d3pBbzBHVTNMVHM4Y2hpaytWbmZPOGdnVDhuelhlV2U4T29TM2JcL21KXC94V3A3N05kYlpkaTZYbXpxeFAyIn0%3D   What can be done to stop vehicle attacks? http://dailysignal.com/2017/11/01/what-can-be-done-to-stop-terrorist-vehicular-attacks/?utm_source=TDS_Email&utm_medium=email&utm_campaign=MorningBell%22&mkt_tok=eyJpIjoiTURFeU0yWTVORE15TVRjMiIsInQiOiJRblB2clZKNkJOaERCRWpRZGxmNENnbFVIdEoxOVRiVUlDa3I2ZmZ0dUNuY2xKVXBubUdKaWpzZTBIT2R3T0pJNjF5d3pBbzBHVTNMVHM4Y2hpaytWbmZPOGdnVDhuelhlV2U4T29TM2JcL21KXC94V3A3N05kYlpkaTZYbXpxeFAyIn0%3D   Here’s another Obamacare scam which is hurting your wallet. https://www.wsj.com/articles/the-deception-behind-those-in-network-health-discounts-1509487216   Learn more about your ad choices. Visit podcastchoices.com/adchoices

Dan Bongino. I owe you. Who owes who? You owe me. I owe you. There's no money. The Dan Bongino Show. Anything run by liberals will be run into the ground, burned, stepped on, gasoline poured on it, and burned again. Get ready to hear the truth about America. They're arguing about things and debating how quickly they can deconstruct the greatest country in the history of mankind and all of the ideas and norms that have gotten us here. On a show that's not immune to the facts with your host Dan Bongino. All right welcome to the Dan Bongino show. Producer Joe how are you today? Yes this is the Dan Bongino show and I am glad to be

here with you Dan Bongino. did you have to think about that for a second I was like how are you that was not a delay you know we record two separate streams here I'm talking to Joe live right now on Skype but you're here in two separate streams that is not Joe's mistake Joe actually took a few minutes there

I am okay yeah things are good alright gosh again the news days just don't turn away from the television for a moment so let's get right into it i uh i've been seeing this story around about this enemy combatant this uh animal who ran these people down in manhattan with the rented vehicle who pledged allegiance to isis joe by the way, one thing I find just outrageous and the guy, the killer, the Manhattan terrorist who

ran people down on the West Side Highway on the bike path, killed eight people and injured many more. The guy, did you hear this, that he now wants an ISIS flag in his hospital room? Oh, yeah, yeah, no sweat, Daddy-O. Let's get on that. Hey, somebody go to Amazon. Any Prime members here?

Yeah, let's pick up an ISIS flag for this imbecile. You know what? ISIS flag for his room? You know what? They should get him the ISIS flag, the black ISIS flag, and black out everything all over the room so he gets no sunlight ever. It'll be like a prison in there, you know?

Dope. I want an ISIS flag. What an idiot. I heard this story. I'm like, now know? Dope. I want an ISIS flag. What an idiot. I heard this story. I'm like, now I know the NYPD cops because I was one. And when he made that request to whoever's guarding the room outside, when they came in or whatever prosecutor or something came in, they were probably like, dude, dude, are you freaking serious?

You savage. What a beast. But, you know, that's just a side note yeah what i wanted to talk about is there's uh just briefly here from give you a little law enforcement perspective because i like the inside baseball there's a little bit of a debate raging right now should we have mirandize this guy or not and again i'm seeing a lot of commentary you know which is i don't want to say you don't know what they're talking about, but people are saying stuff. And I'm like, really? You sure about that? Here's how this works. Here's the argument. The argument on one side is this animal up in New

York that ran these people down. We should not have Mirandized him. And we should have just interviewed and interrogated him and got the information. And then we can declare him maybe an enemy combatant later, send him to Gitmo. That's kind of one stream, Joe. The other stream fork in the road would be let's process him through the United States federal justice system and treat him like we would any other criminal, and in fact, Mirandize him before that. Now, those aren't necessarily two completely divergent paths. Folks, here's how Miranda works, and here's the takeaway you need to understand that I don't think a lot of people have said on the television commentary. The way it works at the federal and local level, Miranda equals custody plus interrogation.

Don't ever forget that. Now, what does that mean to you? Now, Joe, maybe I should set this up a bit. I'm assuming you all know, most of you probably know what your Miranda rights are uh named after the case there's an Oscar Miranda you have the right to remain silent you have the right to an attorney anything you say can and be will be used against you in a court of law you've many of you've heard Miranda rights not probably not because you've been arrested but because you've probably seen it on tv you have the right to remain silent you know that's that's what the miranda rights are okay those miranda

rights do not have to be read to you that is actually a myth miranda equals custody plus interrogation meaning if you plan on using the comments the bad guy is going to make and the answers to your questions in a court proceeding and you are asking him questions, interrogating him, and he is not free to leave, you have to read him, Miranda. Okay.

Now, that's what I mean by custody plus interrogation. All right, good. If I walk into your house, Joe, and I arrest you for felonious mopery on the open seas. Again? Right?

Yeah. Or I want to question you. Let me rewind that tape. All right. I want to question you for felonious mopery on the open seas. I want to question. You've been locked up for that before? Yeah.

Felonious mopery on the open seas. I walk into your house, and I want to question you as a Secret Service agent. And you say to me, am I free to go? And I say yes. Or I say to you, you're free to leave at any time. You are not under arrest. I do not have to read you your Miranda rights. At all.

Custody plus interrogation. You are not in custody. Now, my humble opinion, it's always advisable to read Miranda because Joe what do you think that you know if I'm if I'm I'm there I got you under questioning for felonious mopery what do you think's gonna happen you're gonna tell your lawyer what I didn't really feel like I could leave but he told you you could leave yeah but he had a guy standing by the door dangling handcuffs and you know what sadly in our liberal courts even though i tell you joe you're not in custody you may still win that case because they may say well even though you didn't say it there was a your partner

was by the door dangling handcuffs you see what i'm saying yeah yeah yeah that's so custody even though i say you're not in custody it gets delicate. As a federal agent and even as a local cop, I always erred on the side of reading Miranda. Okay. But legally speaking, if I'm going to use your answers to the felonious mopery charge in a court proceeding or in any proceeding that involves this initial appearance,

whatever it may be, right? You have to be in custody plus interrogation. Now, why does that apply to this case? Because in this case, it's clear as day he was in custody, okay? After he ran these people down and was shot by this hero cop, this guy Nash, who shot him and stopped this, thank the Lord for this guy. It's clear he was under arrest,

in custody. So any questions asked at that point, the answers to those questions, if they were going to be used in court, you would have to Mirandize him. But in a terrorism situation like this, Joe, the pressing issue, especially

in an open and shut case, Joe, multiple eyewitnesses, you don't need him to say anything, right? I mean, in open and shut case, Joe, multiple eyewitnesses, you don't need him to say anything, right? I mean, in a case like that, Joe, he mows down, he kills eight people, injures, what, 15, 20 more. There's probably close to 100 witnesses. If this guy doesn't say a word,

if they remove his voice box, you are still going to get a prosecution in a federal court, right? Sure. Pretty simple. You're going to have 100 prosecution in federal court right sure pretty simple you're going to have a hundred people understand go yeah that guy ran me over case closed goodbye go to jail so my point in this is when it comes to a terrorism situation even though you have custody and interrogation sometimes you're better off not mirandizing people because you you can then he doesn't have to have a lawyer present and you can get information like,

hey, are there other people out there in cars right now looking to run other people down? Do you see what I'm saying, Joe? Yeah, this is interesting, yeah. Now, those statements, if you do not Mirandize him, okay, those statements cannot be used against him. That's why the Miranda rights, whatever you say can and will be used against you,'s why the Miranda rights you can whatever

you say can and will be used against you we quote a law if you don't read him Miranda and it's custody which he was in custody and you're interrogating him you can use the statements for the investigation if he says yes there's another guy in 57th street getting ready to run people down right now you can use it you just can't use it in the prosecution but in a case like this Joe I'd make the case strongly that who cares you already have you already have multiple eyewitnesses

and the pressing issue now is breaking up this terror plot and you can always go although I don't agree with it you can always go the enemy combatant route later meaning you ship them to gitmo it's not really going to matter i don't think that's the best move in this case personally but do you see the point i'm trying to make yeah that miranda is custody plus interrogation if you

if they they read in miranda and and now you may say well why is reading miranda i think in this case a mistake it doesn't prevent him from talking. No, but a lot of these guys, after you read the Miranda, will say, well, I want my lawyer, and any lawyer's going to tell their client to shut up. And you're not going to get anything. Are there other co-conspirators?

Are there other plots going on? So that's why I wouldn't even invite a lawyer in by reading Miranda if it was me in that case. But I've seen kind of a really hot debate about this right now. But here are the takeaways from this. Custody plus interrogation.

If he's in custody and you ask him questions and you plan on using the answers, you better Mirandaize that person, him or her. But you don't have to do it. You don't have to do it if you don't want to use the information. You just want to use it to shut down an ongoing plot. And I think in this case, my humble opinion, Miranda, was a mistake.

But again, I've seen a lot of people out there talking about it. Does that make sense? Yeah, it made a lot of sense. It makes me look at it in a different light. Yeah, because everybody thinks, oh, you have to read me your Miranda rights I I love when I was a cop and people would say that I you know I usually did but if I had no intentions of asking you questions I'd usually read them anyway but I remember saying to one guy actually I don't um I will read them to you but I don't have to I'm not asking you anything if you're under arrest folks make no mistake the police officer agent is under no obligation to read you miranda at all a lot of them had no legal obligation if he asks you questions and he

wants to use them yes but he is under no obligation whatsoever to read you miranda that's a tv myth you got to read me my rights no i actually don't until i ask you questions i don't have to do anything now again most of them do and it's probably best it's a best practice to do anything. Now, again, most of them do, and it's probably best. It's a best practice to do so. But a lot of garbage information floating around after this. I was like, gosh, these dudes know what they're talking about. All right. Gosh, tax plan Thursday today. So the tax plan is out.

I'm going to get to that in a second. Be good in the bank. This is going to require a minute. But I wanted to answer just some email of your uh listener email that sorry listener email i got yesterday about that story about motherhood man did that get i get some emails on that one i i thought it was an interesting story but not that it was a throwaway i don't put throwaway stories in my show but i you know i thought it was something i'd mention you know quickly at the end that would pique the audience interest because it interests mine and man did i

get some feedback so the gist of the story was this yeah you like that i mentioned that at the end that would pique the audience interest because it interests mine and man did i get some feedback so the gist of the story was this yeah you like that i mentioned that at the when we finished the show didn't i said it went and it went in a different direction and i really really liked it i thought that mother story was great yeah i know you did well apparently the audience agrees with producer joe because i did get a ton of feedback and the the uh the the the headline of the story the takeaway uh about motherhood was there is a researcher being beaten up by the left right now because she put out a scientifically backed up research paper showing how young children need their mothers for the first thousand days, need their mothers around. She was not making a social statement. She was just putting out a scientific paper. The left is now beating her up because the left, of course, doesn't want women to feel bad for being in the workplace.

And I explained my personal story, how the article impacted my wife and I deeply because we had our oldest daughter when she was young in that time period in daycare for a portion of it. And we felt really bad about it. It's tough. It was my wife and I spoke about it for half an hour. So the gist of it is this, is that the central nervous system of the baby cannot regulate itself. It needs the mother's constant attention and soothing because the baby's central nervous system cannot stop it. So the baby, the he or she can't stop himself or herself from crying. They need the mother's constant attention and soothing and and and feel and touch and words and sound and all of that and when they're not around for the first thousand days the mother

and it says the father's great but the father does not have the same hormonal makeup the father's the father's hormones produce a protective urge and an aggressive urge when necessary and women's will women will produce more produce more of a soothing urge this is just the paper okay don't don't email me about this is her opinion on it but she backs it up and a lot of people email me and one guy uh emailed me and he said you know dan you're very good at explaining the why but you didn't explain the why in that piece why the left is is going nuts so i want to just quickly sum that up for you because he's right i just i didn't think the story was going to. So I want to just quickly sum that up for you because he's right. I just, I didn't think the story was going to get as much attention as it did.

And by the way, I didn't put the story in the show notes because it's a Wall Street Journal piece. I'm getting a lot of negative feedback on Wall Street Journal articles because they're subscription only. But if you Google Erica with a C, Comisar, C-O-M-I-S-A-R, Wall Street Journal, the piece comes right up at the top and i'm sure it's somewhere where it's not subscription only but that's the reason it's not in there i don't want to put a subscription only piece people send me negative emails back and it's uh they get upset

about it but you can read the piece yourself and you can just read her work i mean you don't even have to read the journal piece just read her stuff but it's a fascinating thing. And here's why, folks. And forgive me for not explaining it the first time. The far left, not all Democrats, but the radical far left takes its talking points. It's built its ideological house on a bedrock of Marxism and socialism. And the original Marxists and socialists always wanted to disconnect people

from any source of objective values. You're probably like, oh my gosh, what the hell does that mean? Marx and the early socialists understood that in order to completely empower the state, the government, over people's lives, over their tax dollars, I don't mean this in a philosophical way, I mean this in a tangible, touchable way, in order to take people's lives, over their tax dollars. I don't mean this in a philosophical way.

I mean this in a tangible, touchable way. In order to take people's money, in order to take people's healthcare, in order to send them to government-run schools, in order for government to regulate people's businesses to death so they have de facto ownership over them, that you are going to have to accept

a value system dictated by the state. Does that make sense, Joe? In order for you to turn over your freedom and liberty to the state, you would have to accept the fact that the state dictates what's good and what's bad. I mean, think about it, right? If you believe by nature that you are a powerful individual, an individual entrepreneur who should have control over his or her sphere of influence in your own life, it's very difficult for you to give your money,

your healthcare, your business, and your kids over to the state, right? Yeah, yeah. I mean, who needs a mother when you got the state? Exactly. Bingo. So Marx understood early on, and so did the early and now our current day socialists,

that any source of objective values is competition for values imbued into you by the state. You have to accept the state for your values. With the state values, you'll value. The state values spending your money, you turn it over. The state values controlling your healthcare, you'll give it to them. You have to understand them as this benevolent force in your life. The only way to do that was to wipe out the competition. Now think about what your other source of values are that would compete with the state. Church, religion, faith, family. Now does it make sense why the left is in a constant battle to attack Christianity, to attack women who choose to stay at home, to attack the family structure? Oh, a family can be anything. It could be seven men, 14 women, two men and 17 women. No, a family, a nuclear family

by traditional values, a man, a woman and children traditional values of men, women, and children. You say that to a leftist, you're a familyist. You're a famophobe. They'll make up a phobophobist, a phobe term, because that's what they do. That is just the fact. The standard nuclear family in the United States, biologically speaking, that can produce children is a father a mother and kids the left hates that because the family is a source of independent values just like people get values from their church and religion that's why religion and the family are always under attack they want to redefine

the family to mean anything they think it means i'm hope i'm not confusing you here and one of the ways they attack the family as a source of independent values and a competitor with the state, state values only, the state says matters, matters. Not what the family matters is to break the family up. And one of the ways they've tried to break the family up is to push women out of the family and into the workplace. Folks, please don't mistake what I'm telling you. I have a wife who works. I have two daughters. I strongly support them

taking the career path of their choice. Absolutely. Don't misinterpret what I'm saying. And I'm not apologizing in advance either. I just know the kooky looney tunes leftists out there and I know how they are. I'm simply suggesting to you that there are some women,

just like there are probably some guys out there who will choose in the early years to stay at home and raise and rear children. The left hates that idea because what are those years, Joe? Those are three years, those thousand days the author talks about that are formative years where she suggests she suggests that the mother should be there for the kid, she suggests that the mother should be there for the kid where the woman is not in the work sphere and is being influenced by the family sphere which is a competitor for the state does that make sense yeah they want they they need they constantly want to push women to make decisions not that women want to make but they want to make for you. It's actually the opposite of feminism. Some women may want to work and may not have kids. That's a perfectly viable decision. Some may want to work later in life.

Some may want to work while they have kids. Some may want to work, take some years off to raise their kids and go back. That is a choice you should make, and you should make only with the right information. And the information I told you yesterday from this research, Peach, is strong. And I believe it is absolutely correct. And the left is always afraid of science and the real world. Because they know that any woman deciding to stay out of the workplace just for those years and staying at home will be influenced by a family sphere, which is a direct competitor to the state. of the state. And forgive me for not getting deeper into that. Why? Because it's a very important piece.

There is a reason, a very strategic, tactical reason that the far left liberals will constantly attack the meaning of the family, the value of the family. They will constantly attack the church and religion as well because they are competitors. I always think of that movie, which I always get the title right, the American Beauty, the Kevin Spacey movie, which all the stories about him go, where you see these stories

about the American family in Hollywood and they're always how dysfunctional it is. The wife's having an affair in that movie. The husband's a weirdo. He has a crush on the daughter's kid. This is what they do. They degrade the family in movies to make you believe that

the family, Joe, this is important, is not a source of values. When in fact it is. Because it's a competitor for the state. Okay, today's show brought to you by our buddies at Brickhouse Nutrition. You know I'm a big supporter of these guys. They've been with us from the beginning. Big fan of Miles. He's

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working mom, working dad, CEOs, you're out there, you're a union worker out there, you're manual labor. I used to dig graves, grave digger out there. Go give it a shot. Crossfitters, MMA guys, military folks, cops, it's perfect to get you through the day. Go to BrickHouseNutrition.com slash Dan. That's BrickHouseNutrition.com slash Dan. Pick up a bottle of Dawn to Dust today. Okay, so it's Tax Plan Thursday. Here's what I've got on the tax plan that is going to be released today. First, I want to reemphasize a point I brought up the other day

because I was, again, rushing to get this story out. Forgive me. I apologize. But it was a very important Daily Signal piece. It's in the show notes from either yesterday or the day before. But it makes the point, folks, strongly that there are no rich dollars. do i mean what are you talking about dan statistics can be tortured folks and the democrats with this tax plan are going to go back to the playbook joe they've been doing for gosh what 50 years they have been on this this is a tax break for the rich the wealthy the rockefellers daddy warbucks thurston howell this is all they they they figured out a long time ago that this is all they got. They don't want to deal with the facts and data and the mechanics of cash flows and money. They don't care about any of that.

They are just going to go back to their focus group tested talking point. Income inequality, rich people benefit. You're getting screwed, which is absolutely not true. Now, before we get to the details of the plan, there are no rich tax dollars. I'm going to prove it to you. I said this to you the other day, but I'm going to repeat it because it's worth repeating. Here's how the Democrats will frame this. They will say, well, only one in 150 people pay the top rate, the top tax rate in the country right now, which is 39.6. They'll say, well, and Joe,

understandably so, a lot of our listeners, maybe you included, although you've already heard this, you say, why don't 150 people pay the top rate? All right, that's no big deal. So let them pay the top tax rate. Now, who cares? Like, what's the problem? We need a middle-class tax cut. Folks, there are no rich dollars.

What do I mean by that? A dollar in the economy, in the free market economy, multiplies. A dollar in the government economy is divided. The government doesn't produce anything. The government does not engage in value-added activities. The government doesn't make iPhones. The government doesn't make computers, flat-screen TVs. It doesn't make anything. The government takes. Anything the government takes is going to be divided out of the economy. Any dollar left in the economy will multiply. Will multiply because that dollar will be spent. That spent dollar will wind up in another person's pocket. At some point, that dollar will be invested in a product that grows. It grows productivity. It makes that dollar worth more. The idea should be to keep dollars in the economy not to divide them by giving them to government now how does this relate to that number i just told you how one in one one and excuse me

one in 150 people pay the top rate it doesn't matter it there are no so what that those dollars because rich people what do they have a big r on them with a daddy warbucks symbol it's a dollar now to show you how there are no rich dollars there's only dollars in the economy and who owns them frankly doesn't really matter much what matters is that they're in the economy and they stay there you give them to people who are poor they'll spend it on food the dollar wind up with the food company. The food company will use the dollar to invest in better water filtration on its plants or whatever, or they'll be able to make more food,

which will make the food cheaper, which will bump up the wages of the people working. You want to keep as many dollars as possible in the free market economy. That leads to my second point, showing you how the left tortures statistics. They'll say, oh, only those rich people, very few of them pay this. Yes, but they earn 20% of the money.

That one in 150 people, Joe, that pays the top rate. That one person, those people in our economy, they earn 20% of the money. in our economy, they earn 20% of the money. So one in five dollars is effectively subjected to a higher tax rate. It doesn't matter that it's the rich that pay.

What matters is a one in five dollars in the U.S. economy will be subjected to the higher rate if we don't cut the top tax rate for those evil rich people. I say that at the height of sarcasm. Do you see where I'm going with this show?

Yeah. It matters that the money in the economy is taxed, not who owns it. Right. The rich people. Well, they're just going to sock it away. Where? In banks? All right.

What do the banks do with it? They burn it. They lend it to you. What's important is the money stay in the free market economy. And 20% of the money is owned by those one in 150 rich people who pay that tax rate. This is stupid class warfare nonsense. This is dumb. This is dumb. The idea should be to tax money in the economy less, not to worry about who has it. This is a scam.

One in five dollars in the economy. Don't ever forget that statistic. 20% are going to be subjected to an unnecessarily high rate. Okay, second takeaway from tax plan Thursday. Let me go over the good and the bad here for a minute. I even underlined this, to keep this readable and coherent for you. Here's the good, what we've seen so far.

We've discussed some of this before. It looks like the standard deduction is going to go up to $24,000, meaning just about everyone in America is not going to pay taxes on their first $24,000 in income, okay? All right. Just about. So meaning if you make $100,000,

your first $24,000 is not going to be taxed. So you would pay taxes on what? $76,000. Make sense? Pretty simple, man. If you make $23,000, you will not be taxed federally. When I talk about payroll taxes here, we're talking about income taxes, okay? You will not be taxed federally. When I talk about payroll taxes here,

we're talking about income taxes, okay? You will not be taxed at all. Well, why? Because the first $24,000 will be a standard deduction. This is for families, by the way. For married families. Households. Okay?

I shouldn't say households. That always screws people up. Married couples. $24,000 won't be taxed. If you make $25,000, you'll be taxed on $1,000. Because it obviously $1,000 more than $24,000. That's the good news. That will double from $10,000, $11,000 where it is now for families. So that's very good news. That'll save a bunch of people money. Secondly, the marginal rates are down, but not the top marginal rate. Now, I'll get to that in a second. This is important. The good news too, the standard local deduction for property taxes looks like it's going to go

away, which is great for people who don't live in deep blue states. If you're in deep blue states and your state and local tax bill is phenomenal, you're probably not going to be able to write that off anymore. But folks, I can't say this enough. We all got to get big and getting a deduction for massive tax rates in blue states does nothing but incentivize blue states to tax the hell out of you even more. It looks like that's going to go away. And I say looks like because this is going to go to committees and it's going to be bounced around and who knows what the final bill is going to be. That's why I'm just giving you the outline right now of what we know so far. The corporate tax rate looks like it's going to dump down to 20 from 35, which is brilliant. I'm telling you, I will put my credibility on this. If that happens,

you are going to get a raise. Not everyone, but a good portion of America is going to get a pretty significant raise in the end because businesses are going to be saving tremendous amounts of money on their tax bills, which has to, folks, has to filter down to you. Remember, they can invest it, they can consume it, or they can spend it. A business can spend the money, give it a dividends, pension funds, stockholders. They can invest it in other companies, which, by the way, benefits other companies, or they consume it on themselves, and they can build new factories, new plants. Either way, it's going to lead to more productivity. I'm absolutely convinced this corporate tax cut is going to lead to significant raises for a good

portion of Americans. Secondly, they're bumping the pass-through rates for non-incorporated businesses. So if you have a small business, whatever, Joe's Telephones or whatever it is, and he's not incorporated, that pass-through rate will be 25%. The rate now is closer to 40%. So that's all good news. So that's the good. Here's the bad news. The top rate, the top marginal tax rate looks like it's going to stay at 39.6, which my

– I just explained to you, and I think this is a sop to class warfare warriors on the Democrat side, Joe. In other words, I think the Republicans don't want to be accused of a tax cut for the rich. But I just told you there's no such thing

as a rich dollar. What matters is where the money is. And 20% of the money is being earned by those one in 150 people who pay the top rate. The idea is to keep money in the free market economy,

not to make rich people richer. This is a mistake. This is a huge mistake. Again, it's an opening bid, so I don't want to be overly dramatic, but it looks like the top rate is not going to move. Now, I know I'm on the bad stuff. We did the good and the bad,

but let me give you the good part of the bad stuff. The good, bad, and the good part of the bad stuff. I wish this rate would go down. I wish it would go down to the top rate we had in the Reagan years where we were booming, which was 28%. It's now at 11 points higher at about 39%. One good takeaway from that rate not moving is the marginal rates going up there are all going down too, in addition to a doubling of the standard deduction. So let's say, Joe, you make a million dollars a year. A good swath of your income is going to be subjected to that 39.6% rate. Yes.

Maybe 400,000 and up. But given that the rates down below the middle class rates between like $50,000 and $100,000 of income are still going down for those $50,000 and $100,000 earners, that rate goes down for you too. Yes, it does. Because to make a million dollars, you had to at some point made $50,000 or $100,000, even if it's in your first month. But the rate you pay on all of that income up to the top rate is going to go down in addition to the standard deduction doubling. So the so-called rich, Joe, may actually not do too badly on this, even though the top rate doesn't go down. Does that make sense? Yeah, I got you. So top rate not going down is bad, but a slight sliver of hope is that the rates up through the top rate go down. So wealthy people may

actually even save a little bit of money on this. The other bad thing is the mortgage deduction stays, which folks, I get it. I totally understand. I benefit strongly from the mortgage deduction, the ability to deduct interest payments on your mortgage from your tax bill. I benefit strongly from this. So I'm not speaking with forked tongue. I think it's a mistake. Now, I wouldn't get rid of it on its own. I think if we're going to clean up the tax code, we have to get rid of all the deductions, not just target the mortgage one. But I think it's a mistake. I think it should be phased out. And I think it keeps home values unnecessarily high. And when I say unnecessarily high, I i mean it makes us prone to ups and downs i understand there are a lot of people in the real estate industry to object i respect your opinion

i get it but i i just disagree i think the tax code needs to be wiped clean um and i think that that needs to go i think it is causing massive distortions in our economy i just wish they i wouldn't recommend they do it on their own because you know targeting one industry while giving everyone else their deduction is grossly unfair i I'd like to see a flatter tax, but it looks like that mortgage deduction is going to stay. All right. Today's show brought to you by our pals at My Patriot Supply too. They've been with us for a long time as well. I'm big into preparedness. You can probably tell from most of my sponsors. You know, you got to be, I say to my daughter all the time, you got to be spiritual, got to be strong physically,

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Go to preparewithdan.com. All right. One article I'll put in the show notes today. I was going to make this one quick because it's just, again, it talks about the left and how they're just obsessed with this idea of climate change.

Well, I'm talking about that, but the piece, I love facts and data that refute far left narratives. Be at bongino.com. If you subscribe to my email list, I'll email it to your inbox. There's an article up today, Joe.

It's very short, very sweet, a little wonky, but you'll get the gist of it by reading it. Global warming, Joe. Global warming. Yeah, it's a catastrophe. It's happening everywhere. Globe is warm. We're all going to fry.

We're all going to cook. We're living in a greenhouse. We're all going to die of skin cancer. Yeah, except for the fact that this article points out today that both ocean temperatures and global air temperatures are dropping

from May 2014 to now. Now that the El Nino has passed, the global air temperatures and the ocean temperatures are actually dropping. Yeah, with a D and an R in the beginning. See, it's global warming. They're dropping. That's the kind of crap you get you know read the article it's really short but it just send it to all your liberal friends and ask them to explain that and it

doesn't matter because one thing about liberals i think i've proven over time during the content portion of the show when i'm not uh joe and i are messing around is that liberals have an excuse for everything it doesn't matter what you say it should really just send it to them to drive them nuts because they're they're all scientists except for the fact that their science never works for them it only works for us the science is facts and data and the facts and data is the globe isn't warming okay so uh chew on those apples so send them the piece uh it's up again I'll put it in the show notes today it's a pretty good one though it has a chart in there too because i know liberals have a tough time reading stuff but you can read the chart and see that clearly global temperatures are not going up

and that global warming is a far left liberal uh scam being pulled on you all right i got another viewer email yesterday uh that i thought was really funny i actually got it this morning i'm not gonna say who or what or what agency but guy's a law enforcement officer that I thought was really funny. I actually got it this morning. I'm not going to say who or what or what agency, but guy's a law enforcement officer, and he just wanted to, I'm not patting myself on the back, I just wanted,

so you know that there's multiple people out there who understand this and have been through this. Remember during yesterday's show, I told you how this crime being charged, this George Papadopoulos guy in the Trump-Russia X-Files investigation, false statements, how nobody gets charged. This is like a nonsense crime. It's like a joke.

He's like, dude, you're so right. Like everybody lies to us all the time. 1001, which is false statements in the United States Code. He's like, this is a joke that nobody ever gets charged with. This is no less somebody who supposedly involved you in the biggest Russian collusion conspiracy theory of all time. Folks, this thing is a total scam. So I just want to put that. Thank you. I'm not going to use

his name, his agency, anything, but you know who you are. Thanks for sending me the email and thanks for confirming for our audience what I said is true. It is a nonsense crime. It is the disorderly conduct felonious mopery on the open seas of our time. False statements. Everybody makes false statements to the FBI.

Oh, all right. All right. Oh, this statements to the FBI. Oh, all right. All right. Oh, this is a doozy. Gosh, this one kills me because I said yesterday, you should never say this, but I did. I said yesterday, I hate talking about Obamacare stories because I know you get,

it's like, how sucky can the suck get on Obamacare? For five years, we've been hearing about how bad it is. And I brought one up yesterday because I thought it was interesting about how Obamacare, how it incentivizes kids, the young invincibles, not to buy Obamacare

and to buy another portion of Obamacare that destroys Obamacare. So listen to yesterday's show if you want to quick update on that. But folks, forgive me. Please give me a pic because this is really killer. There's another piece in the Wall Street Journal. I'll put it in the show notes. I know it's subscription only, but I'll throw it in there at the end. But I'll give you this synopsis so you don't have to read it if you don't have a subscription. Another portion of Obamacare designed to make Obamacare suck.

They could not, the liberals could not have screwed this thing up anymore. First, they want young people to pay for insurance, but in Obamacare, they allow them to stay on their parents' insurance plan to not buy insurance from Obamacare. I mean, this is like the height of liberal stupidity. This one's another butte right here.

So they had, I've addressed this on the show before, but never from this specific angle. They have this thing built into obamacare called the medical loss ratio the mlr and the medical loss ratio is basically a government enforced price control that's what it is here's how it works it says joe that if you were an insurance company only 20 percent of your of your uh your cash flows your your proceeds can be spent on administrative portions of your company. 80% has to be spent on patient healthcare. Now, that sounds great in theory, but what the hell does the government know about what administrative costs is for?

What do they know? The government can't handle its own administrative costs. And the government's going to tell an insurance company? So rather than let the free market decide that, the government decided they were going to mandate this 80-20 MLR, medical loss ratio. You must spend 80% on patient care, 20% on administration. Now, the problem with that,

because there's always an unintended consequence when dopes in the government get involved, Joe, was one thing which we brought up in the past is the mini meds. Mini meds are, if you work in, say, a McDonald's, fast food place, a place with really high turnover. You know, kids come in and out. They work a couple months and they leave. A lot of these type places with high turnover were providing mini med plans,

catastrophic plans, meaning you're not covered for anything other than, like, cancer, God forbid, right? Catastrophe only, right? Well, these mini med plans had really high administrative costs, over 20%. But why would that be, Joe? Because they were constantly processing new kids because people were coming in and out of the company.

Joe comes on, on Monday, he quits on Friday. Now they're processing Paula. Paula comes on on Monday, now she quits. Now they're processing Joni. Do you see my point? Yeah. The administrators are working overtime in these companies to keep up with the high turnover. The administrative costs are not a function of them stealing money.

It's a function of high turnover. So these mini-med costs, what happened? The mini-med plans went away. So now if you were in a McDonald's type place or a place with fast and high turnover, now you have no insurance at all. Thank you, Obamacare. Well, here's another fascinating development I had not considered,

which is beauteous. The medical loss ratio, 80-20, is actually encouraging both providers and health insurance companies to pay more for services. You may say, what? That makes zero sense, Dan.

Why would a health insurance company joseph yeah want to pay more of its money to say a doctor for a hip replacement right i mean if you have joe has insurance and joe god forbid you have a fake knee right yeah i do yep i'm sorry if i just but you can cut that out of the show if that bothers you i should probably should have put yeah is that all right are you cool with that i'm good with that just to keep going we're getting pretty close to a felonious suckery on the open internet with this obamacare story though dude i just like throw out joe's personal life i didn't even know joe has one of those um those those knee replacements not a fake knee you know a knee replacement my father-in-law

has metal actually yeah but why would it if if you have insurance, right? So you're paying whatever, Bobby's Insurance Company, say $10,000 a year. The insurance company's goal, Joe, should be to negotiate with Joe's knee doctor to say, hey, we're not paying $100,000 for Joe's knee replacement. We'll pay $50,000. You would think, right? You would think. I mean, that's not, I'm not complicated here, right, at all. I'm not complicating things unnecessarily.

The health insurance company, you paid them a flat fee for the year, let's say $10,000, whatever, $900 a month or so. They don't want to pay $100,000. Now, you may be saying, well, you're saying the opposite. Now, you're saying this medical loss ratio is encouraging insurance companies and providers to raise prices how's that yeah because folks think about it this is this is this the the unbelievable this is again 110 on the kankster curve of stupidity now that the insurance

companies can only take 20 percent of the on their administrative costs right they can only take 20% of the, on their administrative costs, right? They can only take 20%. Do you want 20% of a, of a knowing that these people are going to get insurance and paid for and subsidized by the government and their premiums? Do you want 20% of a larger bill or a lesser bill? So what they do is they encourages these PPOs and other people to puff up their prices. Do you want 20% of $100 or do you want 20% of $1,000? I got you.

And as the prices go up, the premiums go up, which are then reinforced by people being forced to buy insurance under Obamacare. Does that make sense? Yeah. So, Joe, again, do you want 20% of a larger billing knowing that you can up your premiums as these prices go up? So $100,000? Well, we're going to have to ask Joe for $50,000 a year. And by the way, we get 20% or more. I know it was a little confusing, but I'll make it simple for you. your pie and this stupid medical loss ratio rather than encouraging people to go out and buy insurance

that is seeking lower prices encourages them in conjunction with the provider to raise prices so they can raise premiums and get more money from you and build 20 in the end of a higher cost procedure what a scam man i mean basically you get it in in in the tomatoes big time you are getting kicked so hard it's like those karate videos those guys who learn how to take shots to the throat and right between the legs that's you you just haven't learned to take the pain yet it's like spread them dude boom kick right to the cajones i mean this thing sucks so bad obamacare you have to be an imbecile to support this thing. It's so bad. All right, folks, thanks again for tuning in. I'll put the article in the show notes.

Again, I know it's subscription only. My apologies in advance, but I see good content. I got to throw it out there. Go to Bongino.com, subscribe to my email list. You can check out the show notes there as well. Thanks a lot, folks. I'll see you on the month. You just heard the Dan Bongino Show. I'll see you on the mound.