The Glenn Beck Program - Best of the Program | Guest: Daniel Horowitz | 2/21/25

Episode Date: February 21, 2025

It’s going to hurt before it gets better. That’s what Glenn has been warning regarding the economy. As President Trump continues to fight against the media and the Democrats to fix our economy, Gl...enn urges his audience to be prepared for whatever comes next. Is $2 trillion in budget cuts even achievable? Glenn and Stu discuss the current debt crisis. White House Deputy Chief of Staff Stephen Miller gave a master-class civics lesson to the press. Blaze News senior editor Daniel Horowitz joins to discuss the current state of inflation and what must be done to cut it.  Learn more about your ad choices. Visit megaphone.fm/adchoices

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Starting point is 00:00:00 When you were little, you had braced in the course of recreat, always in trying to negotiate, to exchange these cards of hockey, the bonhomes, some of the ballads. You know that each thing has a
Starting point is 00:00:09 value, well, to have been to have been really changed. Negoti-tit-T-D you can't to renew with
Starting point is 00:00:17 your instinct of negotiation. With, without operation gratuit, no amount of minimum and any few free
Starting point is 00:00:22 mensuel. You're made for negotiate, and the apply the case to t'tere you help you there's a lot to cover on today's podcast we give you the the rundown of everything that has
Starting point is 00:00:36 been happening in the last 24 hours and some things that really need to be said also Daniel Horowitz is talking about tax cuts and the weasily Republicans and the vote they had last night and so much more all on today's best of podcast if I could catch hope in a jar and put a lid on it and then give it away, I would. Our nation has been far too short on hope, especially when it comes to the economy and our personal finances. Maybe things are finally starting to get better. Maybe we're going to have more trouble before it gets better.
Starting point is 00:01:11 We have a lot of debt. We have to pay. We made a lot of really bad mistakes. But now that we have good leadership in office, you know, it's going to be a little less worrisome, maybe, a little more hope. But you are still in charge of your own personal economy. Here's the hope I can give you. A sincere recommendation to give American financing a call because they work for you, not the bank.
Starting point is 00:01:35 They're salaried employees. When you call them, they're going to shoot straight with you. Maybe take 10 minutes just to get started. And they're saving the average listener of this program just around an average of what, $836 a month. That's like giving yourself a $10,000 raise. That is a little deposit in the Hope Bank, isn't it? Start today. You might even be able to delay up to two mortgage payments, which can help get you even further ahead. Don't take my word for it. I always tell you, and I mean it every time. Do your own homework.
Starting point is 00:02:07 Don't take anybody's word for it. You're smart enough to figure out of its right for you. American financing 800906 2440, 800906 2440, or go to Americanfinancing.com. You're listening to it. Happened since we last met, get you caught up on everything. Reuters is reporting that Trump's approval has slid from 44, to 44 from 47, because jobs and inflation are punching folks in the gut. Okay. Yes, unemployment has crept up to 4.2 percent. Grocery bills are like a bad X that just won't go away, and people are jittery a bit. It's not a meltdown, but it is Trump able to catch some flack on this.
Starting point is 00:03:07 Some are saying it's his tariffs. Others are saying, you know, it's Congress that's all talk and no action. The air in D.C. is thick with tension. But here's the deal. America, Washington isn't, nor should it ever be your sugar daddy. Trump's swinging at a system so fat that the system can't even move to get out of the way. Here's the real deal. We have trashed our economy for decades.
Starting point is 00:03:35 And then we added a wrecking ball. to the rest of it for the last four years. As I have said, for all during the election, for sure, it is going to sting and hurt before it heals. Think 1970s gas lines only with worse, coffee. Help your neighbor whenever you can. Look for people who are in need that you can help. Stock your pantry, because if we want the feds off our backs,
Starting point is 00:04:03 we've got to step up and not take any shortcuts. Washington Post is reporting Trump and Musk are selling the Department of Government Efficiency, Doge, like it's the next moonshot, aiming to carve out hundreds of billions in waste and toss 20% rebates our way. Agencies today are sweating bullets. Details are sketchy, but it is a gut punch to the bloated beast in Washington. Is it bold? Yes. Is it what we asked for? Yes. This is the government getting a long overdue haircut. and Musk is holding the clippers. In fact, yesterday at CPAC, it wasn't clippers. It was a chainsaw given to him by the president of Argentina.
Starting point is 00:04:47 They're not just trimming the fat. They're promising a chunk of our own money back as well. But here's the kicker. Do not cash that check and run. We are drowning in $36 trillion of debt. Stick it in there instead. I like Trump's latest idea. it helps kind of everybody.
Starting point is 00:05:08 When we get a trillion in cuts, 20% goes back to you, 20% goes to the debt, and 20% to reduce the deficit. Yesterday, Trump demanded what's ordinary for you and me, but something that's almost as mythical as my little pony in Washington, D.C., he demanded a balanced budget. Whoa. It will be up to us to support and demand lawmakers here and adhere to what,
Starting point is 00:05:36 all of us have asked for for decades, paying down the debt and cutting the deficit to zero. It's not real sexy, but it's a grown-up move. Last waste, more backbone, that's the win. In the Times, Zelensky begging for a BFF vibe with Trump's crew, but a ditched briefing and some U.S. side-eye say otherwise. his team met with Trump's envoy, then ghosted a presser after whining about hardball talks. Washington told them to drop the dictator trash talk. It's a little chilly, not full on a feud, but the cracks are showing.
Starting point is 00:06:18 Trump is not here to play global babysitter. Those days are and should be over. Ukraine has its own mess. we don't need to mop it up. When will the media and the Lindsay Grahms of the world and the Democrats begin to care about where the hundred billion or more we shipped over there that just went poof, vanished like a Vegas magic act? Zelensky has said that maybe half of the U.S. money didn't arrive. Where is it? Also, we now know that the U.S. arms that we sent to Ukraine,
Starting point is 00:07:00 Some of them are vacationing on the Mexican border in the hands of the cartels. Nobody's asking, and that's the real scandal. America's wallet isn't a bottomless pit. It is time we close it. The Washington Post reporting, America's Corruption Perception Index, craters from 69 to 65, which makes us 28th worldwide. Now, America's Corruption Perceptions Index, They say that's thanks to juicy scandals like Clarence Thomas and his secret billionaire getaways.
Starting point is 00:07:36 Is that the real deal? Here's the actual story. And this is a truth that the Washington Post will never ever cover. Transparency International. They're the ones who issued this report. They're the scorekeeper. Hmm. It's interesting because a quick search now, you can find out they rake in 80 million
Starting point is 00:07:59 euros from the U.S. state, the EU, and the W.EF cronies just last year. X is screaming, Deep State hit job. T.I. conveniently skips the Dobbs leak, the Trump legal gauntlet in D.C., Georgia, what was happening there, what happened in New York, and the January 6 pro-life setups. It's only about the conservatives on the court. Hmm. Smells like the same rotting trash they began to shovel after J.D. Vance's speech last week in Europe. Transparency International is nothing more than deep state PR. They are bankrolled by the same clowns, the W.A.F, the State Department, along with all the other usual NGOs that Doge is now finding,
Starting point is 00:08:45 are funding and financing with taxpayer dollars. All of those who loved a rig game and the government-funded propaganda, honestly it would make gerbils blush Trump's courts are slugging it out but transparency what is it transparency international it's blind to the real dirt
Starting point is 00:09:10 the witch hunts and leaks galore but this isn't about justice it is a power grab dressed up as a report card Europe and the global media need to understand that we are not stupid and we are not buying it The time of lies is over. Thank God for AI, which at least now is proving its worth, on giving us complete transparency. You're not going to be able to hide the money and your lies anymore.
Starting point is 00:09:39 Reuters, Cash Patel in as FBI director, squeaking by 51 to 49. The GOP is pumping its fish for his reform swagger. Democrats cry, Trump, Goon, Collins and Mercos. Boltsky bolted, but he's still locked in, promising to gut, headquarters of the FBI, axe deep, and zero in on all the crime first that they were committing. Eight top dogs are already out the door at the FBI, and he's got a list and he's checked it twice. All of the agents of January 6. X is a war zone today, half cheering, half melting down.
Starting point is 00:10:16 The real meltdown will happen when cash comes in next week and delivers the Epstein client-lixtean, list and begins to expose what Washington Intel and media told Americans were just simply conspiracy theories. If I were Adam's shift, I might begin to liquidate some of those stocks that you've done so well with, Adam. You might need a fleet of attorneys to keep you out of jail. You might want to have extra cash on hand. By the way, Patel is not going in to play nice. He's the wrecking ball the FBI has been begging for. The swamps built a fortress in that agency and he's kicking down the front gates.
Starting point is 00:10:59 Ate's suits are gone already and that's just the warm out. This is not about loyalty oaths. It's about yanking power back from the shadows and placing justice where it belongs. The rats are scurrying. Good. Let them run. Their cheese hasn't just been moved. It was taken away. It's going to be
Starting point is 00:11:21 very interesting to see how hungry and these terrified rats begin to eat one another. Justice Department has dropped bribery crackdown. Trump's POV raises questions, according to the news media. Reuters said that. Trump's DOJ in the story is hitting pause on the Foreign Corrupt Practices Act, slicing overseas bribery probes by 30% from 2024's pace. The critics are yelling, open season.
Starting point is 00:11:51 Trump's squad calls it an unshackle. of business. Fewer audits, lighter fines. Trump side is saying that they view the Foreign Corruption Protection Act as a job killer, strangling U.S. firms while China cheats freely. By the way, did China ever pay a price at all for the bribery of our government officials all the way up to, and including our former president? X. At Real Scott Ritter smells cronyism. Fair point, but I think it's murky at best. Maybe it's growth first, you know, not global cop duty, but the optics are iffy on this one. I don't know exactly what the truth is on this one yet, but we'll find it. I do know this.
Starting point is 00:12:34 When the feds ease off, it's usually a breather for the little guy. But again, without real time spent looking into the dark corners on all sides, this one still feels a little weird. Trump's all about fair fights, not buddy buddy deals. But if this is a wink to his pals, it's a misstep for the. the president and the first one. But I'm not sure. China is dirty. Sure, $14 billion in shady deals last year alone. But justice doesn't bend for convenience. Keep it straight or we're no better off than we were and we're no better than the other side. Jim wrote in about his experience with relief factory. He says, I used to have extreme lower back pain. Nothing I tried really ever
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Starting point is 00:14:11 Now, back to the podcast. This is the best of the Glenn Beck program, and we really want to thank you for listening. Daniel Horowitz. This guy stands guard on the Constitution. and our money and our medicine and everything else, 24-7. Daniel, how are you, sir? Well, I'm doing all right, Glenn, but it's deja vu once again.
Starting point is 00:14:33 Yeah. So, first of all, is there any bright side to what is happening with the budget? Well, I mean, I guess they're planning on cutting a few hundred billion, so it's better than nothing, although it should be pointed out that Republicans are going to spend another. few hundred billion that I think we all say we want the military immigration enforcement and then, you know, $4.5 trillion to extend the tax cuts. There's another $2 trillion to enact Trump's new proposed tax cuts, which, you know, I think we shouldn't treat as spending, but do remember, in the short term, we do have to print more money to deal with the deficit. And I think this is
Starting point is 00:15:19 the overall problem that Republicans always get themselves into. When Democrats aren't in power, we all sound the same. Oh, it's terrible. Biden inflation. Look what they're doing. But then when Republicans get in, we're not on the same page. And they don't understand the mutual exclusivity of their arguments. This is literally Obamacare 2.0.
Starting point is 00:15:41 They hated Obamacare except they loved the aspects of it that made it expensive. So same thing here. Everyone hates inflation, except they don't want to actually reform or cut anything that's driving it. And right now, we're at a point where we cannot achieve our parents' standard of living right now. It is that bad. According to BLS, we're spending a family of four is about $15,000 more a year than pre-COVID. Geez. Remember, the average family got about $11,000 in stimulus checks.
Starting point is 00:16:16 That sounded nice. But they're now paying $15,000 more every single year. oh, and I forgot to tell you that over the next 10 years, there will be $89 trillion in spending, $22 trillion in deficits, and that assumes that there won't be a recession, 2.8% sustained growth, no wars and no disasters. So that's what we're facing now. That's unsustainable. I mean, here's what nobody is talking about. First of all, the spending will lead to more inflation. We have got to get the, spending under control. We also have to cut the regulation. We have to cut taxes and make them
Starting point is 00:16:58 better than any place else in the in the world. We have to get serious or we are at a, at the doorstep of the funeral home. We're already there. We're walking towards the casket. You cannot keep funding our debt. No one wants a. No one wants a debt anymore. And so interest rates on the debt are already at a trillion dollars a year. If we don't change our course, it'll be $1.5, $2 trillion, $3 trillion a year. And then it's an out-of-control death spiral. No, exactly. And people forget at the very time where we have record treasuries to offload on the market, the new ones, but also, you know, a third of our existing debt is rolling over at higher rates, precisely at that time, there's decreased demand.
Starting point is 00:17:56 Central banks are buying up gold. China and Japan are moving away from our treasuries. So we could set the federal funds rate to zero all we want, but at the end of the day, the treasuries, the yields are moving in the opposite direction. So I think Republicans have a golden opportunity, unlike a generation ago where people didn't see the pain. It was a futuristic thing. And let's face it, no one cares about their kids and grandkids, even though they say they too. But this is a now problem. And I think Republicans have failed to communicate and complete their sentences that what is causing the current and future inflation are these very programs. So when they say, I don't want to cause any pain to my district, the pain of the cost of living is greater than the amount of
Starting point is 00:18:46 subsidies they're getting in welfare. They've got to be honest, but I'll tell you, Glenn, this notion that there is this free pot of trillions of so-called waste, fraud, and abuse divorced from significantly devolving, reforming, or cutting major programs is simply not true. We're lying to ourselves, and we're setting us up for failure. Well, that's, I mean, the one hope that I have because I, you know, I'm seeing the cuts and we're not anywhere close to a trillion, and we should be cutting about $2 trillion. At bare minimum, we should be cutting $2 trillion from the budget. And not over 10 years over this year, or we're just not going to make it.
Starting point is 00:19:35 The one thing that I do have hope for is that maybe we're going to start really shutting down agencies, which is not going to cut $2 trillion. but it will begin to make significant impacts toward a trillion and two trillion. We've found all of the DEI stuff. We're not going to find, you know, half a trillion dollars in that. We're just not. Sure. And we're not going to find, you know, things like USAID.
Starting point is 00:20:07 We're not going to find those everywhere. I was a little disappointed in the statement from the Pentagon yesterday that we're not going to make cuts we're going to reinvest. We have to make cuts in everything. Everything. There cannot be a sacred cow. No, and especially if you want to fulfill the president's promise to kind of wall off Social Security and Medicare, you could do that, but then you really, really have to go aggressive on education, housing, transportation. It should all be state and local function. And then obviously, Medicaid and food stamps, Trump's message, if I were him, would be, look, we're going to get rid of the foreign labor that's driving down wages, get the four and a half million Americans that are out of the labor force, working age, come back, join our economy, lower regs, lower taxes, but we are going to ease off welfare. There is no shortcut to that message. You need wholesale health care reform, the way we approach health care. See, the ways fraud and abuse in Medicare and Medicare, Medicaid is not a bug but a feature. It's the third party grifting this, you know, the middleman.
Starting point is 00:21:21 We got to cut out the middleman. But if you want to maintain the current structure, the notion that you could have painless just, you know, condoms in Gaza causing inflation, that's not it. Those are policy problems. Foreign aid is a policy problem. A legal immigration is a policy problem. That does have a fiscal cost. But that's not fundamentally where the money is. And I think some people are being very dishonest and they're setting themselves up for failure. Hence, when Republicans come to actually craft a budget, we can't even get them on board for $1.5 trillion in cuts over 10 years. You know, Donald Trump asked yesterday, I believe it was, for a balanced budget. He said, I want a balanced budget. And this is so far away from a balanced budget.
Starting point is 00:22:11 I wish he would go, I wish he would start pushing the political nuclear buttons on members of Congress. He has the clout right now. He has the nation's attention and he has the attention of the GOP. They know the Mitch McConnell's in the world have no power left. It's all gone to Donald Trump. Now is the time to start saying, Congress, I'm going to. to explain to the American people that you can't find these cuts. You have to find these cuts. Now he needs to be, step up to the table and be the Donald Trump that he's being everywhere else.
Starting point is 00:22:56 Why isn't he? You know, this to me was the one black hole that we saw in the first administration where he'll signal in the executive branch and not just signal, but starting to implement this vision that we're talking about. that cuts the federal workforce reflect this sort of vision. Yes. But then what he needs to do is then connect the dots to legislative affairs and make it clear that this is the budget I want to come up beside it. And then he's got to threaten primaries against those guys, not the Freedom Caucus guys.
Starting point is 00:23:32 Because what winds up happening is the opposite. He kind of leaves it to Congress. Well, if you leave it to them, you know, the bad guy. Never going to change. Yep. Yeah. So then they come to him and say, oh, I got a deal. And then the Freedom Caucus box at it and he yells at them. That's got to change because otherwise they're about to fund so many of the things that he started to cut. Which is why, I mean, we cannot, we won't survive if he doesn't, and the time to do it is right now, push Congress up against a wall. because the minute he leaves in three and a half years, three years and, you know, 11 months, the minute he leaves, and if we lose to somebody who is not the same mindset, all this stuff is over. It's just reversed. And the country cannot take these swings this far back and forth.
Starting point is 00:24:29 No, absolutely not. And part of the reason why we are where we are is because Republicans always had pay go. they always said they have offsets, but what they would do is when they're in power, they would backload the savings and front load the increased deficit spending or, you know, whether it's tax cuts or whatever, and then Democrats inevitably come in, erase that with interest, and you're left with the bed and not the good. So, I mean, this is why you either have to front load the cuts or at least front load structural reforms or devolution to the state. Yes. In a way that makes it harder for Democrats to claw back.
Starting point is 00:25:04 One quick idea I'd love to pitch is, you know, Trump doesn't want to deal with the debt ceiling. One way to deal with that is devolve it to the state. And Congress passed a law that, okay, we're going to increase the debt ceiling now. But the next time, you need two-thirds of the state legislatures to do it. They'll never do it. So that would bring the fight to the grassroots in the red states and finally make us make those decisions. Yes, Democrats could come in and claw that back. But once you give that to the states, it's a lot.
Starting point is 00:25:34 harder to do. We need enduring victories this time. You're listening to the best of the Glenn Beck podcast. Hear more of this interview and others with the full show podcast. Available wherever you get podcasts. Hey, I've got good news for you. It's Friday. Welcome. Glad you're here. Did you hear the economic advisor to Trump, Kevin Hassett, on tariffs and tariffs replacing the income tax? Listen to this cut 10. President Trump has spoken about replacing income tax with tariff revenue, especially with all this waste fraud abuse that we're seeing cut. Is that a possibility? Absolutely. And in fact, if you think about the China tariff revenue that we're estimating is coming in from the 10% that we just added plus the de minimis thing, that it's between 500 billion and a trillion dollars over 10 years,
Starting point is 00:26:27 is our estimate. And that's something that is outside of the reductions that markets are seeing through the negotiations up on the hill. And so we expect that the tariff revenue is actually going to make it much easier for Republicans to pass a bill. And that was the president's plan all along. Okay. All right. Okay.
Starting point is 00:26:45 Help him pass a bill. That's okay. Good. That's good. But abolishing the IRS and the income tax, that was the real question here. And I know Trump is talking about it. He wants to abolish the IRS. And let's just, do we have the, do we have the porn music?
Starting point is 00:27:02 because that is, no, no, no, please don't. Don't find it. Why didn't you delete it? Friday, yeah, baby. Why didn't you delete this, Sarah? You're a bad person. You're a bad person and people are judging you for what you have done. I'm taking that big, long knife. You want this?
Starting point is 00:27:17 To the IRS, baby. Mm, yeah. This is Sarah's fault. This isn't even, I don't even hold Glenn responsible for this weirdness. All right, stop. I mean, that's conservative porn, man. Getting rid of the IRS. That would be, it would be,
Starting point is 00:27:30 Yeah, it would be unbelievable. However, let's keep things in perspective here. The tariffs, I mean, I'd like to see the actual numbers on the tariffs. And look, if he could abolish the IRS and cover our spending with tariffs and not go to World War, man, you strap me to the outside of. of a Musk rocket, okay? And I'll scream all the way up. I was wrong. I'll do that.
Starting point is 00:28:08 And I'd happily do that for my children. It might be worth passing the policy just to see it, honestly. Right. And if that would happen for my children, again, it would be worth it. But I just don't think that we are, we're there. It is a great thing to shoot for. But I want to see, I want to see. I want to see a trillion dollars from Doge.
Starting point is 00:28:32 I mean, an actual trillion dollars from Doge before I begin to say anything. We are, what is the new budget that some of them are talking about is like four trillion dollars over? I think it's three, yeah. Three? Okay. So you have to cut. You cannot have three trillion dollars in borrowing. You just can't do it.
Starting point is 00:28:56 That used to be wartime catastrophic. economic collapse type of stuff. In fiction novels. Right. And now we're just there all the time. I will say this, Glenn. And you know this about me. I'm about as anti-tariff as anybody.
Starting point is 00:29:10 Yes. Right. Like I am, you know, Scott Linzicum, if you know him, I'm basically Scott on tariffs. I'm against them. I don't like taxes. He doesn't even like terraces. No.
Starting point is 00:29:20 No. I don't like terrorists. I don't like, I don't even like Paris. No. He doesn't like anything. It rhymes kind of. Yeah, he didn't like it. However, I've been relatively muted in my criticism.
Starting point is 00:29:29 of these tariffs. And what he just said is part of the reason why. These tariffs, which come along with these tariffs, an economic projection of revenue, right? As he said, like, oh, we're going to bring in $500 billion in the next 10. Now, is that really going to happen? I don't know. What tends to happen if you have a long-term tariff is that companies that don't want to deal with
Starting point is 00:29:57 that tariff move to other places. And there are cheaper places than China to make these goods, and they wind up coming shipped in from a different country. And you're chasing the tariffs. There's all sorts of issues with those projections. However, what you need in a reconciliation bill to pass a reconciliation bill is a balanced budget on the bill and actually lowering the deficit. Yes. So if he can put in that bill and have economic projections that help that bill get across the finish line, what we might see is actual legitimate tax cuts sort of based on, I would say, a. gimmicky approach, but one that may very well be needed, especially when you don't get the
Starting point is 00:30:33 scoring that you want. So I do think that is part of the strategy here and why he's launched those so early without even at times giving these countries a chance to talk, right? Like, I mean, he's kind of fired these things out there really quickly. I, and he, I mean, he just admitted it, but my suspicion the entire time was part of this is going to be scoring for this reconciliation bill that's right around the corner. Yes. Which needs to get done relatively quickly. So I do think that's part of it, and I understand that strategy. I wish the Republicans had the Cajonis, which I think is French for marbles, to actually stand up and cut the spending and the income tax and the capital gains tax and the business tax, 15, 15, 15. If you had...
Starting point is 00:31:26 That's higher than zero, I'm hearing. I don't know why it's higher than zero. No, no, no, no. I'd like it to be zero. I would love it to zero. No, no, no. Again, do I have to play the music for getting to zero? No, no.
Starting point is 00:31:37 I am all year. See, he doesn't even have control with the music. You're pressing. Let's get to zero. This is very disturbing. So, even Tanya is vomiting right now. She's like, oh, okay, anyway. So I'd like to get to zero.
Starting point is 00:31:54 But imagine if we had 15% corporate rates, 15% income tax, 15% capital gains tax. That is a huge, a massive cut. By the way, no matter how high the taxes are, you always, always, it returns about 17% back to the treasury. So you get 17% no matter if you have 25% or 95% or 95%. percent, it's always a return of about 17 percent, 17 to 19 percent. So, you know, why we don't have a flat tax of just 17 percent? When you're talking about 15 percent for everybody, and it's just locked in, it's just 15 percent. When that happens, your money stays with you. Your money stays with people investing. You are not punished for investing in things through capital gains.
Starting point is 00:32:55 15%? Okay, I still think that's absolutely unreasonable. That one should be zero. I've already paid taxes on that money once. You're going to double tax me now? No. But if that's what we have to do to get movement, that would spur on the economy. What I'm not seeing enough of, and I know it is happening, and I know the president knows this has to happen faster, and it has to happen within the first hundred days is massive cuts in regulation, massive cuts in taxes, and massive cuts in spending. If we can get that trifecta, we save the nation for our children. It will be tough, but it won't be tough. You know, the thing about the tariffs that we fail to look at is if we have tariffs, And let's say they're 25% tariffs. Whatever they're inflicting on us, we inflict on them, okay? But we say, if you build it here, however, you're only going to pay a 15% income tax,
Starting point is 00:34:07 which they can't get anywhere else. You won't get a 15% income tax for a corporation anywhere else in the world. They will begin to return jobs here. So we not only get the boost of people having more money to reinvest, you also have those foreign countries because of the tariffs saying, let's just build it in America. Because we're going to make more money building it in America than we would in Europe or any place else. Just build it in America. That actually builds a country for the future. And this is why that policy is better than trying to tariff your way into the same solution.
Starting point is 00:34:49 Because if you lower the rates, companies come because they want to come here because they have lower rates and getting the benefits of being in America. Obviously, you can find some really low rates in countries you don't want to necessarily be in. But to come to America, you get that rates. You bring the companies here. So that's one of the goals, right? And then in addition, you get that
Starting point is 00:35:09 tax revenue here. Right? Yes. The issue with tariffs is you get one or the other. If your policy to bring people here succeeds, you lose the revenue from the tariffs. Correct. If you keep the tariffs high and get that revenue, they don't come back here. Correct. So that is why that
Starting point is 00:35:25 policy gets both. Right. It's like taxing tobacco out of business and putting all of those taxes to healthcare. Well, if it works, you won't have any money for health care. You know what I mean? And so if the tariffs work, you won't have a lot of tariffs because people will bring their, but it's a win-win. Because if you lower the income tax, they bring their companies here. You don't have that tariff blocking, but you're taking 15% and 15% from all of the workers in these corporations as well. That's the win. And that's what Trump, I believe, is trying to do. I mean, he said before that he would like all tariffs to be zero.
Starting point is 00:36:10 Even though he says also he really likes tariffs, I think he likes what they accomplish, not necessarily raising taxes on people. He doesn't like doing that, obviously. But he does like the idea of fairness. and that's why the reciprocal tariffs, I think, really work for him, you know, where he can say, look, I'm not trying to tax you guys out. I don't want my people to pay more for stuff. What I want, though, is it to be fair.
Starting point is 00:36:35 And that is something that's hard to argue with. It's hard to argue with. Again, you know, you can, but still. Oh, they will. But it's a sensible thing because it also incentivizes them to lower theirs. You know, I mean, I think we can. I mean, we are the number two exporter in the world. outside of China.
Starting point is 00:36:52 We were number one for a long time. We're now number two. But it's not like we don't sell products to the rest of the world. There's no reason we should be penalized. And there's no reason we should be penalized in a higher level than the people that are importing stuff to hear. Right. You know, that's just, you know, that makes sense. Because our politicians have convinced our nation and its people that, you know, we have it too good.
Starting point is 00:37:18 We have it too good. We got to give other people a shot. Well, yeah, I don't have a problem with that. You know, you fix your country and you make it so business wants to come there. That's healthy. Let's do that. That's fine. But I'm not going to destroy our country so somebody else can get ahead.
Starting point is 00:37:36 That doesn't make any sense. I just want fair. That's all I want. Whatever you're charging us, we charge you. That's totally fair. Understandable instinct. Yep. There's something else here now.
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