The Young Turks - The Debt Bomb - July 3, 2025

Episode Date: July 4, 2025

Sign up for your one-dollar-per-month Shopify trial and start selling today at ⁠shopify.com/tyt A GOP congressman who voted against Trump’s megabill flips his stance, vowing to back it now just to “own the libs.” Ben Shapiro sparks backlash by calling the child tax credit a handout for non-taxpayers, while Benny Johnson claims Trump told him he’ll simply “put Zohran Mamdani in jail.” Hosts: Ana Kasparian & Cenk Uygur SUBSCRIBE on YOUTUBE ☞  https://www.youtube.com/@TheYoungTurks FOLLOW US ON: FACEBOOK  ☞   https://www.facebook.com/theyoungturks TWITTER  ☞       https://twitter.com/TheYoungTurks INSTAGRAM  ☞  https://www.instagram.com/theyoungturks TIKTOK  ☞          https://www.tiktok.com/@theyoungturks 👕MERCH  ☞      https:/www.shoptyt.com Learn more about your ad choices. Visit megaphone.fm/adchoices

You're listening to The Young Turks, the online news show. Make sure to follow and rate our show with not one, not two, not three, not four, but five stars. You're awesome. Thank you. Well, hello. All right, well, All right, welcome to the other dogs. Jane Cougar and Anna Kasparan with you guys. I've got the Operation Hope shirt on, but shop t.y.com, sure.

And we had a wonderful Operation Hope last night and I, members go check that out whenever you want, hit the big beautiful button to do all that. But Casper, today is actually kind of an ironic day to wear this shirt. Because both domestically and in foreign policy, we have loads and loads of bad news. I'm not sure there's a single hopeful story in the rundown. And look, we'll deliver it with a plum, as they say. But that being said, who says that and what does that mean? I've never heard that in my life.

A plum, A-P-L-O-M-B, people that are- Okay, okay. Yeah, that are like 68 and above say it. No disrespect. Here I am saying it. Okay, so anyways, we're getting all the fun out of the way before we tell you the disaster stuff. So anyways, I have a dire prediction in this show. I have a good prediction and a dire prediction. So you have at least that to look forward to. All right.

So Casper, let's get started with the disasters. All right. Well, big news today that travesty of a bill has passed. Here we go. On this vote, the Yeas are 218, the Nayser 214, the motion is adopted. USA, USA, USA, USA, USA, USA, Well, you just heard the chance of the puppets for the robber barons of this country, because the House has now narrowly passed Trump's domestic agenda,

which extends massive tax cuts for the rich and largely benefits the most affluent people in America while gutting our social safety net programs. What a big win. Well, for the robber barons, of course. Now let's take a look at the vote where it did pass in the House. 218 to 214, all Democrats voted no. However, two Republican congressmen, Thomas Massey of Kentucky and Brian Fitzpatrick of Pennsylvania, voted no. Now Massey is worried about the cost of the bill, and he's actually sincere about it as opposed to Elon Musk. And Fitzpatrick actually won in a battleground district. And so he's concerned that the gutting of the social safety net is going to have some serious political ramifications for him. And I think that he's correct. I think a lot of the Republicans

who voted in favor of this bill will have their own reckoning to deal with once elections come around. But Representative Alexandria Ocasio-Cortez, in my opinion, explains exactly what I'm feeling about the passage of this bill. Let's take a quick look. I think this is one of the saddest days in modern American history. This is the largest, this is the largest withdrawal and ending of health care in American history. 17 million people in our country, 17 million Americans in our country are going to lose their Medicaid. They're going to lose their ACA insurance. small business owners are going to have their health care costs skyrocket and people are going to have

their snap and wick cut back. If we're going to go hungry, if we're going to get sick. She's absolutely right about that. And we're going to get into some of the more granular details in just a minute. But the so-called fiscal conservatives of which there are approximately one, and that was Thomas Massey who voted no. The rest who claimed to be, fiscal conservatives. The individuals who railed against most of this bill, they were the vocal individuals in the Republican Party who said, no, I'm not going to vote in favor of this. It's going to add to our debt and deficit. They all caved. They all voted yes. Again, Thomas Massey and Fitzpatrick are the only two Republicans who voted no. Jank. Yeah. So we're going to show you

why this bill is deeply unpopular in a minute and give you the numbers on Medicaid and why I think that the Republicans just, you know, cost themselves probably 6 million votes, which is pretty critical. So we'll explain all that in the same. But actually, before explain all the different parts that are obnoxious here, I want to go to Donald Trump quote square, graphics 12 and 13 first. Because I remember somebody saying something pretty clearly. Here's Trump saying, we're not cutting Medicaid. We're not cutting Medicare. We're not cutting social security. Okay, so that seemed pretty clear, right?

And then somebody asked him a question another time. They said, well, are you going to cut Medicaid? And he said, I've said it so many times you shouldn't be asking me that question. We're not going to touch it. Okay, so now you all know that Donald Trump is a giant liar, never meant it, was a fake populist, robbed from the poor to give to the rich, and that in this case, it is the most literal thing in the world,

not 1% hyperbolic, took about a trillion, for Medicaid and in bare money she mentions 17 million that's a larger number when you take SNAP and other things into account but just for Medicaid 11.8 million people will lose their health insurance verified 100% okay so 12 million people lose a trillion dollars in coverage and people make it above 500,000 dollars get 1.1 trillion dollars so they literally took from the poorest people who can't afford insurance or anything else and they it to the richest people in the country.

Did the richest people in this country really need an extra trillion dollars from the poorest people in this country? It's never enough, Jenk. Never enough. Never enough for them, never, never. Yeah, and since- Makes me sick. Yeah, and look, Anna, as you know, there's some decent thing nuggets in this bill that

the Democrats should have put in their bills, child tax credit. I mean, Biden foolishly ended that after one year and it cost them more in his polling than anything else. And this is the why, you know, is this going to affect people, the elections in 26 or 28 to me is the real question? Because child tax credits in there, taxed, eliminating tax on tips and overtimes in there, but it's temporary. The timing of the cuts is delayed a little bit. So people might not feel it enough in 26, but by 28, it is going to be an epic disaster. And Jake, I want to be clear about something. Okay. I think the child tax credit is a good provision. I'm glad that we have a child tax credit, but I don't want anyone to be under any impression that this bill has a robust increase to the child tax credit. It does not. It takes the child tax credit, which is about $2,000 per eligible child to $2,200. So please spare me.

Oh, but there's some good stuff in here for working class Americans. No, there isn't. Okay, sure, there's a little bit of a tax deduction when it comes to no tax on tips, no tax on overtime. It's means tested, it expires in four years. The tax cuts for the rich though, those massive tax cuts for corporations, that's all permanent. Yeah, Anna. Okay. But the crumbs, the crumbs that working class Americans get, oh, that's going to expire.

there's all sorts of little loopholes to it. It makes me sick. This whole thing, don't ever let anyone tell you that this bill is actually going to bolster the economic situation of working class Americans. It is not. So that's an excellent clarification. And all that is true. My point is that those crumbs come before the 26 election, but they run out by the 28 election, right? So this is a rough, you know, assessment of the timing. It's a little bit more complicated than that because things go in and out in different times. But my point is that as disastrous as this is, the American people might not fully realize the disaster before the 26th elections. They might, you know, it depends on how quickly they get hit and which category they're in.

But by 28, there'll be no hiding it and and by 32, I don't know, 32 is so long away. Let's not talk about it, but 28, it's going to explode on the republic. Look, Anna, last thing I'm the political side. Who cares, Jake? Hold on, no, no, no, hold on. Let's talk about the political side, which I usually find, which I usually find deeply boring, okay? The horse race politics, but let's actually focus on that for a minute. Okay, so there will be political ramifications for Republicans who voted in favor of this bill. I have no doubt about that.

And then what? Oh, it creates a great opportunity for these loser Democrats to get elected. Yeah. So that's exactly what I was going to do. for us. Okay, go ahead. Yeah, that's what I was going to get to, Anna. So the Democrats didn't deliver on anything. Now, this, yeah, this bill even took out any of the Green New Deal stuff that Biden had passed. So leaving Biden's agenda, like it had no progressive victories now. Any progressive victory that was in Biden's agenda has now been wiped out. So FDR 2.0 was

total horse crap, 100% horse crap. They lied to you. But the thing is, voters already know that. That's why the Democratic Party had the chickens come home to roost. They keep telling you that they're gonna pass bills and they never, ever, ever, ever pass them. So the American people are like, goddamn these Democrats and they threw them out on the street, right? So now the Republicans come in and go, oh, we're the populace, we're gonna help the average American.

And then what do they do? They do what Republicans always do. They rob you and give it to the richest people in the country. So now those chickens are going to come home to Roos, and soon everybody in the country will be as black pill as Anna. Yeah, I can't believe people aren't there already. I just, I think that we are barreling toward a, I mean, look, at some point, ordinary people in this country are going to wake up and say, I've had enough. And if people are freaked out over someone like Zoran Mamdani getting potentially elected as the next mayor of New York City, oh, that's just the tip of the iceberg, home boys and home girls. Okay, there are going to be people calling for a full-blown revolution in this country.

As more and more wealth gets redistributed from the bottom to the very tippy top, I guarantee you there is going to be a mass movement that these affluent people who think they're going to get away with everything are not going to like. And I'd like to avoid that type of situation. But you know what? They have no interest in reforming this broken system. Our Congress is totally useless. We're talking about literally hundreds of people elected into positions of power

who have the best health insurance provided to them by the American taxpayer, literally chipping away, chipping away and gutting our social safety net, essentially stealing from the poor to give to the rich. I mean, how does that not radicalize people in this country? Of course it does. Of course it does. People are sick of our degraded living standards. People are sick of working longer hours, working harder and getting less for it. I mean, it's just pathetic. And as we're having our Medicaid gutted, food stamps gutted. There's no debate about spending tens of billions of dollars on a freaking genocide that Israel is carrying out in Gaza. Yeah, that's what's really going on here. And if you're not angry about it, there's

something wrong with you. Yeah, guys, look, one quick thing here, then I'm going to get to the back of the essence of the bill. Look, now later in the program, we're going to do a story about AI and how it could wipe out anywhere from 10 to 50% of new jobs. So there's also going to be massive unemployment coming soon. Things are headed in a very bad direction. And when that happens, People are going to get blamed capitalism first. Let's keep it real, that's going to be one of the things that happens. So people are going to be surprised at the severity of the reactions that happen going forward. But overall here, we had MSNBC telling you, oh, the Democrats are great and Joe Biden's 2.0.

And then now you got Fox News and the all right wing media telling you how great Trump and MAGA is as they do all this. Eventually people are going to realize, oh, right, neither one of them is working. for us. They're both working for the donor class and nearly an identical donor class, which is mainly made up of corporations. We live under corporate rule. That is why you keep losing under both Republicans and Democrats. That you have to pick people who do not take corporate pack money. If you don't, that should be your one litmus test. If you don't do that, they're never going to vote for you. They're never going to deliver for you. All they're going to do is deliver for their donors because that's who got them into power.

And it's amazing to me how gullible so many Americans are in thinking that the real enemy are Medicaid recipients. Oh, they're lazy bombs and they should have work requirements. The majority of them do work. The able-bodied recipients of Medicaid already work. already work. This is all about creating a bureaucratic system that makes it difficult for individuals, basically a difficulty in getting those benefits that they're entitled to because of the extra bureaucratic burden of proving that you are working enough to qualify for Medicaid.

It's sick, it's sick. And if you think that the poorest among us are your real enemies, man, then you deserve to have your resources robbed from you and given to the rich. Now with that said, I want to just quickly discuss the pathetic Republicans who pretend to be fiscal hawks when in reality they are just ready and willing to cave to Daddy Trump. So Representative Ralph Northam, a Republican of South Carolina, who staged an open revolt, as the New York Times put it, but still ultimately fell in line with his colleagues to support the legislation, refused to detail what he was offered in return for his support. So the New York Times asked him, like, what happened? You said that you are going to vote against this, but you voted in favor of it. He's like, oh, well, you know, Trump promised me some cookies, but I'm not going to get into details.

You'll find out about it next week. Now, I do want to just quickly go over the basics of this bill and why it's so upsetting. And I want to actually put my cards on the table, okay? I am currently working. I don't even know how many jobs. I've got a lot going on. So I'm very likely going to get a tax break as a result of this bill. I don't want it.

I want my fellow Americans to be taken care of. I want Medicaid recipients to still have those benefits available to them if they're having a hard time earning enough income to buy private health insurance. Okay, I want people who rely on food assistance to continue getting it. To me, that is way more important than saving a little bit on my freaking taxes. And anyway, but here's what the bill does. So it extends Trump's 2017 tax cuts. It also allocates hundreds of billions of dollars for border enforcement. Okay, so there's that.

It includes a child tax credit of $2,200 per child, but this is means tested. I should be clear about that. It does not apply to high earners. The credit is reduced by $50 for every $1,000 of income above the threshold of 400k per married couple or 200K per single parent. It adds additional means tested tax cuts for tips up to $25,000 and overtime pay up to $12,500, but it will expire in four years by the end of 2028. It also increases funding for defense and cuts $1 trillion for Medicaid.

It includes reductions to food assistance, also known as SNAP, which are expected to impact 40 million people, 16 million of which, by the way, are children, but considering what we're aiding and abetting in Gaza, I wouldn't make the mistake of thinking our government gives a damn about children, phases out clean energy tax credits that were passed under Biden. The oil subsidies, those will not be touched, of course, increases the salt deduction. By the way, this is something that will benefit us here in California, and I still think this bill is a complete, and utter disaster, but it does increase the salt deduction. from $10,000 to $40,000.

So that means the state and local taxes that people in high tax states pay, like in California, can be deducted up to $40,000. And it adds a $6,000 senior bonus deduction for those who have an income of $75,000 or less. So we're means testing our seniors. That's great. Some households will be able to deduct up to $10,000 of annual interest on their car loans. But that number does decrease for those with annual income of $100,000 or more. Notice how all of the provisions, all of the provisions that are supposed to help ordinary people are means tested and they also expire, right?

All of the benefits for the rich, those are permanent and obviously they're benefits for the rich. They're not means tested because they're already rich. There are going to be limits to how much students can borrow for college. So the cap for borrowing from the federal government for professional degrees, such as the education you need to be a doctor or a lawyer, it's capped at $50,000 per year and $200,000 for the student's lifetime. And there's also a lifetime borrowing limit for all federal student loans up to $257,500. The bill included a $5 trillion increase in the debt limit, a measure that Republicans are always pretending they're unwilling to support, but that was necessary to avert a federal default later this year. And the nonpartisan Congressional Budget Office, CBO, found that the bill would

increase the deficit by $3.4 trillion and leave about 12 million people without health insurance by 2034. So make no mistake about this. This is a redistributive bill that will, again, take money from the bottom, take resources meant for the most vulnerable among us, and move it on up to the very top. That's what this is. It's disgusting. Okay.

So I want to talk about Republican bitches a little bit. So these are the people who pretended, oh, Joe, I'm so concerned about the debt. I said, oh, the debt, it added 3.4 trillion dollars to the debt. And then guys in the house said, like Chip Roy and said, oh, no way. The Senate better make this less debt. Senate added debt. And he's like, okay, okay, I'll do it, I'll do it. What happened?

Well, actually, we know what happened. Part of it was that Trump invited them to the White House. I don't blame Trump. He does carrots and sticks, right? I blame him for the bill. I blame him 100% for the bill. But in terms of the strategy of the politics, right? So he says if you go against me, I'm going to destroy your career and your career like I did for Tom Tillison,

the senator from North Carolina. But if you come and play ball, then I'll give you chachkis and I'll be nice to you. And you'd be surprised how petty United States Congress people are, although these days you wouldn't be surprised. But when I was growing up, and still to this day on mainstream media, they make them seem like, These honorable senators and Congress people, they're so important, and they're the best of us. No, you know what happened? He started signing merch for them. And he's like, he gave something to Chip Roy's son.

And Tim, my dad got a tachie. So he doesn't care about the dead anymore. Burchett's even worse. Berchette was like, oh, no, I'm not going to do this, that. And he's like, he said I was good on TV. He was so nice to me. He might be over and he gave me some side merchandise and you know, like I'm so happy. Oh, you guys are such losers, pathetic losers. And then 11 House Republicans signed a letter

say, we are not going to accept Medicaid cuts, right? The Senate added to the existing Medicaid cuts by about $300 billion. And they're like, we completely accepted. All 11 caved. And maybe they got a hat, maybe they got some Trump Cologne, golden Trump sneakers. And those bitches walked out and cut the living crap out of Medicaid. And all of them should lose their jobs. All of them, okay? So when they promised you that they were not going to cut Medicaid and then they butchered it, but hey, they got a Trump hat signed by the big boss.

You know what? One of the things Berchette was giddy about. They misspelled his name on the placard when they went to go see Trump of the White House. Trump put the R in and then signed both sides of the placard. He's like, oh my God, he signed a placard. I'm my misspelled name. I'm relevant for half a second. And then he started getting on his hands and knees and licking Donald Trump's boots.

All that anything that you want. As long as our rich donors are happy, Republicans have zero credibility on debt. None, none, none. They add more of the dead than anybody alive. It's not even close. So now let's go to the numbers for a second, Anna, to show you the devastation that should come. We'll see if they can manipulate and propaganda their way out of this.

But more than half of adults say that they or their family member has been covered by Medicaid at some point in their lives. I want you to notice the independent line, 29% saying they've been personally covered by Medicaid and 29% said had family covered by Medicaid and had a close friend covered by Medicaid is another 12%. That is a monster number. 70% of independents are affected by Medicaid in one way or another. But look at the Republican line, 22% personally covered, 29% family, 13% close friends. That's a huge number of Republicans who are affected. So look, here, I'll give you one more and give you a conclusion on, on the politics. Hold on.

Yeah. No, let me, I guess I want to talk about politics a lot today, but I'm going to pause and just say something. This bill is going to do a lot of damage to Republican voters. Okay. So if you're on the left, you have one of two options. You can go ahead and point at them and laugh at them and dehumanize them for voting for the very people who are gutting the benefits that they rely on. I would venture to say that if you consider yourself a kind left-wing person, you should take a good hard look in the mirror if you opt for that option, okay, because you should never dehumanize anyone. Or the other option is to be kind, explain what's actually going on here, and also.

offer up a better system. So we're at a crossroads right now. And the real question is, what does the left want to do? Do we want to just continue with the status quo of supporting a pathetic Democratic Party as a substitute for the pathetic Republican Party? Do we want to keep demonizing Republican voters who are going to be harmed by this bill? Or do we do outreach? Do we try to help people understand how our system actually actually? works and try to build the coalitions necessary to finally break this broken system,

breakthrough this broken system. I don't know. I don't know what's going to happen. But I'm just so, we've been doing this for so long, Jank. Okay, for me, it's been almost two decades. I am sick of the repetitive nature of our politics. We need a breakthrough. And we're never going to get that breakthrough if we keep thinking of things as tribal.

We have to do outreach to ordinary people, regardless of who. they voted for. Yeah, well, you know me, obviously I couldn't agree more. In fact, I give you a little bit of, you know, my hope for it. So look, guys, of course Anna's right. You can go ha ha to people when they're down. I don't think that that's a real left wing position to do that. I mean, you could get a little schadenfreude. I get it. You could vent. I get it because we told you not to do this. We told you not to do this, right? We told you he was going to affect you and not just the others, right? I get it, I get it. But I don't. Don't be better than that and say look, they lied to you now come over to the sign that

actually is going to deliver for you. But if you're going to say that, you have to actually deliver. You can't keep electing corporate Democrats who are never, my entire lifetime, they never deliver. The minimum wage is at $7.25. They're a joke, right? So that's why I always take action. And so, and people can say, okay, I don't like your action, great, then take a different

action, go and fight forward, do something. So look, well, I'm doing as RebellionPact.com, where you run populist left. And what that means is no corporate PAC money. And if you get in office, you must fight like hell for these. Higher minimum wage, higher, I'm sorry, paid family leave, lower drug prices, lower housing prices, et cetera. If you don't do it, if you don't deliver, they're never going to believe you, okay? And then we're going to get into the situation that Anna talked about in the beginning where the American people go, I don't know what we're going to do, but these corrupt sons of bitches never do what we want, right? And that's a dangerous place to be. So let's do the one

thing the country has never tried. Populist economic left. The policies that you guys actually love in that poll amazingly. So, and so now let's look at the last poll here on Medicaid. Look guys, 83% of the country is in favor of Medicaid. That is an unbelievably popular program, okay? 83%, either very favorable or somewhat favorable. But when you look at independence, the same 83%, overwhelming, they love Medicaid. How many times in my lifetime, as mainstream media painted Medicaid as like, some fringe program, I don't know, it's a mixed bag.

No, Americans love it, they love it. The government programs never work. No, they love it. They love Social Security and they love Medicaid. They all pull over 80%. But look at the Republican line, guys, 74% view it as favorable. 74% of Republican voters wanted Medicaid and it just got cut. So welcome those guys in to the best of your ability and you might not get them all.

Some of them might say, oh no, I even though I lost my health insurance and my kids are sick and I don't know what to do. I hate undocumented immigrants or something and vote for Trump, the next Trump, et cetera. But a lot of them will go, oh, I thought he was against the establishment. And it turns out he is the establishment. He is a rich elite. He did deliver for his donors. He was full of crap. Promise them that you'll actually do something and then do it.

You must do it. You must deliver. And the good news is the next party that actually delivers to the average American is going to be so wildly popular. Because we haven't seen it in our entire lifetimes. Yeah. All right, we got to take a break. When we come back, we'll talk a little bit about one of the smallest provisions in this bill that has really upset Ben Shapiro. Until my 18th, get excited.

This is big. For the summer's biggest adventure. I think I just smurf my pants. That's a little too excited. Sorry. Smurfs, only theaters July 18th. All right, back on TYT, Jank and Anna with you guys, but also Mechanicor and Trisha Briggs. Thank you for joining through the join button on YouTube.

You could also do it through t.t.com slash join. Arch Dragon R1 wrote it on Twitch, chanting USA a while actively destroying the economy is just sad. Did it remind me a little bit of Star Wars. You know, democracy dies with deafening applause, something along those lines. All right, Anna. All right, let's get to our next story. It includes making permanent the annual child tax credit at a level of $2,200. House Republicans want to bump it to $2,500 and then scale it back to $2,000 after 28.

And again, the child tax credit is essentially a giveaway to people who don't pay taxes in the first place. Like the earned income tax credit. Very often, you're giving a tax credit to people who don't pay taxes. So it's just a check. Ah, yes. Yeah, that's, you know, the big problem with the big beautiful bill that just passed, you know, the one that redistributes wealth from the bottom to the very wealthiest among us, the one that guts Medicaid to the tune of a trillion dollars, the one that also cuts funding to food assistance for the needy. All those provisions, not much of an issue. The real problem here, Jank, is that the child tax credit will go from $2,000 per eligible child to $2,200 per eligible

child. I mean, what an injustice. Do these people even pay taxes? Do they? I have the answer to that by the way in a minute. Yeah, so first of all, all my life I've heard Republicans like Ben Shapiro tell me, oh man, do we need tax cuts, tax credits, tax subsidies, and that's stimulate the economy, and it's the most important thing in the whole wide world. You got it, now you're like, okay, let's child tax credit. But that's just going to non-rich people. I didn't mean that, I meant only to the super rich.

But what, how about the earn income tax credit? It's earned income because it's for the working poor. By definition, they're working to get earned income tax credit. So they're not bombs, they're not anything, right? They do all the nonsense demagoguing stereotypes that they put out there. So these are hardworking Americans, right? They're not working hard enough, Jank. They're I mean, they're the poor's, they're not working hard enough.

That's the real problem here. And so all of a sudden, when it comes to the working poor, the middle class, he's like, ah, what is these stupid tax credits going to the poor? middle class. You should go to the rich, okay? You know how much the rich got the top? People make it about $500,000? I'm gonna say this 200 times. They got $1.1 trillion. On average, the people in the top 1% got $65,000 a year extra from this bill every single year. So by the time Trump leaves office, they're gonna have gotten $195,000 at least extra. the very richest people in the country.

But for Ben Shapiro, not enough. It shouldn't have been 200,000, should have been 400,000 to the top 1%. Take more of those tax credits we pretended to like, away from families, away from the working poor, and give it to the rich and only the rich. Ben Shapiro says, that's who exactly who Ben Shapiro is. I mean, he cares about protecting the rich as much as he cares about protecting Israel. And those are his only two issues. Everything else is just pyrotechnics, fireworks, et cetera, a bag of squirrels, all of it to distract.

Oh, trans this, that, the other thing. All he cares about is rich, rich, rich, rich, rich, rich, plus Israel. So let's talk a little bit about the child tax credit because what he is claiming here is that the child tax credit is going to benefit individuals who contribute nothing to federal taxes, right? That's the argument here. Now, let's take a look at what the child tax credit was or has been prior to the passage of Trump's agenda. So as of 2024, this is reported by Newsweek, the credit provides up to $2,000 per qualifying child under the age of 17 with up to $1,600 of that amount refundable. I'll explain what that means in just a minute. This means eligible families can receive a portion of the credit as a refund even if they owe no.

federal income tax. So it is true that the child tax credit would still go to benefit individuals who are earning an income but are not earning enough to have to pay federal taxes. Okay. And so that's what he's complaining about here. And he's making it seem like most of the beneficiaries of this provision are not paid federal taxes, which is hilarious to be. That's not the case. Now, Now, what does, or how does the child tax credit change under Trump's agenda, under the legislation that just passed? Well, the bill boosts the child tax credit from a current credit of $2,000 up to, wow, $2,200, ooh, and added $200 and would rise every year linked to inflation. However, it does not change the refundable portion of the credit, which is set at $1,600. Okay, so those are the changes.

Now, most who benefit from the child tax credit actually do pay federal taxes, if you could believe it. Actually, I can't believe it. It's the easiest thing in the world to believe. So let's take a look at data that was released by the tax policy center using IRS data. What they found, and this was an analysis that they did in 2022, is that the majority of aggregate credit dollars were received by taxpayers with income between $50,000 and $500,000. So Jake, I'm not like some tax expert, but if I'm not mistaken, individuals earning between $50,000 and $500,000 pay federal taxes. Is that correct?

Yeah, that is correct. And there's one of the thing I want to draw attention to, and I read it to you guys, but I hope you got it. So if they don't pay any taxes, the maximum they can get is $1,600. That was what it was before. And after this bill, it's still $1,600. So if they don't pay any taxes, then they didn't get a single extra dollar. But Ben Shapiro is still complaining about it, as if the bill did that. But the bill didn't do that at all. And so what he's actually complaining about is why are these people even getting a child tax credit? Why would a tax credit go to anyone that isn't in the top 1%? He's furious about it.

He's such a joke. This goes to the middle class. And they claim to, oh, no, no, the tax cuts. Oh, no, no, the Democrats and the left says they're just for the rich. No, no, no, no. They're mainly for the middle class. They're really going to help the middle class. The middle class is getting some.

God damn it, I told you to cut all those middle tax ones. You okay, or make him temporary and capped and non-refund, all these different things that they've done. No, this is every tax cut scheme is a scheme to take your money and funnel it over to the wealthiest people who bought all of our politicians. All the donors are super wealthy. And every one of them tells all of the politicians cut my taxes and I don't give a goddamn what else you do. Yeah. And by the way, about 25% of all child tax credit recipients are earning between $100,000 and $200,000. So in other words, the vast majority of individuals who are taking the child tax credit are paying federal taxes.

The bill that just passed changes nothing for those who are so poor that they don't have to pay federal taxes. The fact that he would even focus on this for a second, it befuddles me, considering how much this bill, again, redistributes wealth from the bottom to the top, and more importantly, adds to our already unbelievable high federal debt of $37 trillion. It adds $3.4 trillion more in debt. But let's go ahead and demonize literally the poorest people in this country who have no voice, who have no representation, who keep getting shafted, regardless of which party is in charge, it's utterly ridiculous. So that's what we're dealing with here. We have trash media in this country,

a useless Congress that just takes, takes, takes engages in insider trading, engages in all sorts of behavior that would be considered criminality if ordinary Americans engaged in it. And they get the best health care coverage in the world, the best retirement benefits in the world. That's what we're dealing with in this country. It makes me absolutely sick. Yeah. We got to take a break. Let's take a break, Jake, because we're running out of time. When we come back, we've got a lot more to get into, including even more mom-dani derangement syndrome. had gifted two memberships on YouTube. Appreciate you, Dawn.

I'm gonna just read this here, Anna, from a YouTube member, because I want you guys to understand the real life effects of this. Their handle is I smoke and I know things. They said, I'm a disabled mom with two still at home. I get Medicare and Medicaid, I get Medicare and Medicaid pays for my premium and co-pays. I barely clear $1,000 a month, so I will now have no insurance. What are you going to do? What are you going to do when you have no insurance?

The thing I can't get out of my head is it's not a twisted ankle guys. If you get cancer and you don't have insurance, it's a death sentence. Remember the death panels that Republicans used to complain about? They just did that for millions of Americans so the top 1% could get 65,000 a year. I mean, it's just grotesque. All right, Anna. All right, well, that bill should inform the right wings, should inform them why someone like Mamdani in New York City would be appealing. With that in mind, let's get to all of the latest in Mamdani derangement syndrome.

What is the driving force of Mamdani and how do we defeat him? Yeah, well, Trump told me yesterday he's just going to put him in jail. Your beloved New York City may well be led by a communist soon, Zohan Mandami, who in his nomination speech said he will defy ice and will not allow ICE to arrest criminal aliens in New York City. Your message to communist Zohan Mandami. Well, then we'll have to arrest him. Well, you just heard the President of the United States, Donald Trump, threatening to surveil and arrest New York City mayoral candidate Zoran Mandami for not going to. along with Trump's demands. Now, he's also falsely questioning Mamdani's immigration status, which is par for the course when it comes to this administration, quite frankly. Right-wing

hack, Betty Johnson, and he is, in fact, a right-wing hack, claims that Trump, a man who has ICE detaining literal American citizens as we speak, is planning to arrest, Mamdani, because his policy proposals are patently illegal. Here he is describing the policy. that allegedly are worthy of arresting a mayor over. Mamdani wants to tax people based on their skin color. He says so, and he doubled down on that, Charlie, in fact, this weekend, saying that white people in New York need to pay more taxes. That's something that obviously drew a rebuke from the Trump Justice Department. But President Trump told me yesterday when I asked him about Mom Dani that he's going to be facing serious federal threats for stopping ICE enforcement in the city of

New York. This is what he promised to do when he won in his nomination speech last week. So how do you stop them? I'm not sure. And it begs the question, Charlie, that I don't know the answer to, which is, do we let our great American cities fail? Okay. So Benny's comment about taxing people based on their skin color is a reference to a controversial line in Mamdani's homeowner policy memo that outlined some of his proposals. I'm going to read from it. It said that he plans to shift the tax burden from overtaxed homeowners in the outer boroughs to more expensive homes in richer and wider neighborhoods. I think he could have dropped the wider part and just focused on richer, but he didn't. And so

obviously that's attracting a lot of negative attention. In an interview with NBC, Mamdani explained what was meant by that. Explain why you are bringing race into your tax proposal. That is just an description of what we see right now. It's not driven by race, it's more of an assessment of what neighborhoods are being under taxed versus overtaxed. We've seen time and again that this is a property tax system that is inequitable. It's one that actually Eric Adams ran on saying that he would change in the first hundred days. He's since sought to defend it and lost at every juncture in court.

And I understand you're saying we're simply describing the types of neighborhoods that would see these increase and taxes, and yet by invoking race, do you run the risk of potentially alienating key constituents? I think I'm just naming things as they are. And ultimately, the thing that motivates me in this is to create a system of fairness. It is not to work backwards from a racial assessment of neighborhoods or our city. Rather, it's to ensure that we actually have an equal playing field. And right now, what we see with the property tax system is one that is overtaxing a number of New Yorkers and undertaxing others and an inability of political will to resolve that. I think the inclusion of white was not only unnecessary, I think it was politically stupid to do it.

This was an unforced error. I get it. I get that the left is obsessed with demonizing white people, but it is a losing strategy. Focus on class, for God's sake. I don't understand why this is so difficult to understand. It does alienate people when you focus on race in a context where you really don't need to. You need to focus on class and the fact that there's an unfair system that benefits the rich at the expense of the poor. It's very simple. Yeah, I mean, look, again, I always clarify, the radical left, it demands that you say it's a white neighborhood, right? But the rest of the left is actually, first of all, they're white. Okay, and all races, black, brown, Asian, et cetera. And they're not demanding that you single out any race. Look, if you're on the left,

You're supposed to be for equality. You're not supposed to be for finally, we get the Lord over them. That's not a thing, okay? That's not an ideology on the left, even though some are radical enough to they're pretending that it is. Okay, anyways, look, here we are stuck between two things that are problematic. Okay, so first of all, yeah, take out the, you don't need a description of white. You know, it doesn't add anything to it.

Okay, right? No, it doesn't. But by the way, Jank, I don't want to get distracted by that stupid, unforced error. because the real issue, and I don't want to even equivocate here, the real issue is when you have right wingers salivate over the idea of throwing their political prisoners in prison. Yeah, I know. Political opponents in prison, I mean.

Yeah, I know. That's what I'm getting to. So I don't love that he would put the word white in there. But is it that he was going to do racial assessments and then tax people accordingly? Well, you just heard him say, absolutely not. Absolutely not. It was a description of the neighborhoods that already exist, okay? So now Benny Johnson knows that and he goes on and he says, oh, that's it. They're going to tax people based on race and that it's illegal. Well, good news, he's not doing that. And then we're going to have to arrest

them. We're going to have to arrest him before he does it on pre-crime of a thing he's not saying that he's actually going to do. So he puts in one, in my opinion, dumb word in there. And so that's What is that? That's an infraction of what, 2%, 5%, whatever, but you see I'm annoyed by it, right? The infraction of arresting the guy who won the Democratic primary because of your disagreements about taxes is an infraction of, I don't know, 2,000%. What do we do? Wait, America, we're now arresting people based on non-existent differences on taxes. In this case, it's not that Benny Johnson and Mamdani agree on the tax code. It's non-existent in that what Benny Johnson is claiming, Mamdani's not going to do and doesn't say he's going to do.

So he makes up something and then says we have to arrest them for the thing that I made up. Okay, that is a billion times worse. So, but I want to be accurate, right? So, you know, Benny Thompson is a dishonest. Benny Johnson. What did I say? Thompson. Betty Johnson.

Oh, sorry, no, Betty Johnson, sorry about that. I misspoke, but he, I don't take anything this guy says. Seriously, he's a dishonest actor. When it comes to the question that he asked to Trump, it was focused on ice operating in New York City and how Maldani is going to stand in the way of that happening. So it is true that the Trump administration has already arrested office holders who have, you know, fought back. against what ICE is doing in their cities. So I don't put it past him to do that. If Mamdani, if it comes to that, if he gets elected as the new mayor of New York City and

attempts to stand in the way of whatever ICE under Trump wants to do in that city. Yeah, so this one also requires nuance. So on the Mamdani side, look, when it comes to sanctuary cities, if they're coming for undocumented immigrants that are, you know, are not criminals, no, we have to protect those folks. I get it, there's a lot of reasons why sanctuary cities make sense. A lot of people are worried about reporting crime if the police are going to collect information about the victims, so all of that makes sense. But there is one part of sanctuary cities that's never made sense to me, and which is,

if they've committed a crime and ICE is going to come pick them up after they've served their sentence, you should let them into the prisons to pick up the criminals to deport them, Because that is the law of the country, and it's a perfectly rational and fair law. So I would make an exception for that. I don't know why you wouldn't make an exception for that. Now, if you don't make an exception for that, and you're a mayor of a major city in America, should you be arrested? Of course not.

Of course not. And look at Donald Trump. Oh, I'm worried about lawfare, right? Then he's like, I want Mamdani arrested. I want people as CNN prosecuted. I want the former Homeland Department of Homeland Security, chief under Biden arrested, and I'm forgetting one other giant person he wanted. Oh, Elon Musk apparently either arrested or deported or denaturalized.

Anyone who criticizes Donald Trump, arrested, arrested, arrested. What happened to lawfare? And don't tell me what aboutisms. Oh, well, they did it to Trump. So is that your principle, if you're on the right? Oh, they did it to us, I think, even though he has a little. entire history of doing financial fraud, but okay, whatever, right? But let's say that you think that it was so unjust.

So your answer is, let's go arrest them all for no reason over political disagreements. How is that principled? That's the opposite of being principled. That's saying, you know what? I like government tyranny as long as it's my guy doing it. Yeah, that's exactly right. I mean, that's the doom loop that we're unfortunately stuck in in this country. When people are thinking about politics as if it's like a blood sport, when they're super tribal about their team,

regardless of how much their team screws them over, we're endlessly in this doom loop that I can't stand. But getting back to Trump, Zoran is not taking kindly to Trump's threats. He responded directly saying, quote, the president of the United States just threatened to have me arrested, stripped of my citizenship, put in a detention camp and deported, not because I have broken any law, but because I will refuse to let ICE terrorize our city. It is rare to see a Democrat fight back, to be honest with you. But he also says that Trump statements don't just represent an attack on our democracy, but an attempt to send a message to every New Yorker who refuses to hide in the shadows. If you speak up, they will come.

for you. We will not accept this intimidation. All right, good. So yeah. Yeah. So we're asking, we're going to give you the second half of the story now because establishment Democrats are coming after him too. So in a live chat shows live at 6 to 8 o'clock Eastern every weekday. We're asking about who hates Bob Donnie Moore, racist mega supporters, the ones that are coming after him for being Muslim and all the things that they've said about him or establishment Democrats. So let's give you the other side now, Anna, with establishment Democrats. Right. So establishment Democrats, corporate Democrats, not too happy about Mamdani and Mamdami has been getting a lot of attacks

from them. So for instance, there's a new op-ed written by Tom Swazi and he writes in this piece titled for Democrats, Mamdani is a wake-up call and a bad example. He shows how the party is falling short, but he has the wrong solution. So Tom is going to give us the right solutions, right? So let's get into it. He writes in the piece that the far right and the far left have exploited the weakened bond between democratic leadership and working families. Listen, the Radlibs have been problematic in that they keep pushing for maximalist social policies that 80% of the country hates. They are not a problem because they want a more fair economic system that gives everyone an opportunity to move up the

economic ladder. That is not the problem with the Radlibs or the far left. I want to be clear about that. Their social issues are issues, but that's not the reason why the Democratic Party lost. He writes that this is Representative Tom Swazi. Mr. Mamdani's campaign made lofty utopian promises. Get a load of this. Free public transit. Ooh, utopian. Free college tuition. Utopian? More public housing, sweeping debt cancellation, and massive overhauls of systems far beyond his authority, all paid for by huge tax increases. The last thing New York and other blue jurisdictions need is higher taxes. Well, I agree about the higher taxes. I think the blue jurisdictions that he's referring to here, have a problem with corrupt Democrats running them, taking the high revenue

they get to enjoy through high taxes in these big cities or blue states, and then they funnel it to their NGO friends, their nonprofit buddies who have no accountability and essentially pad their pockets with taxpayer dollars. I think that's the big issue here. But of course, Swazi's not going to address that. If we want to raise taxes on the wealthiest or at the very least return to pre-Trump rates for those earning more than $400,000, which we should, well, you haven't. Let's let Congress do it. Cities and states need to stop raising taxes and putting themselves in an unsustainable competitive disadvantage. Okay, so let me just address the fact that there was a time in this country where we did have free college tuition for public institutions.

The idea that free transit is utopian is hilarious to me. But it's funny how these things are listed as utopian when tax breaks that runs so deep allow a company like Amazon to pay zero dollars in federal taxes. That's not attacked. But free public transit in a major city is attacked as utopian. It's amazing to me. No, these Democrats are useless. Absolutely useless. Go ahead, Jake. Yeah. So he also suggested other anodyne things like, oh, we should be more pro union. Okay, that's why you pass the pro. All right, you didn't. But when Obama was in office, he was going to pass a different pro union bill. But he had eight years to do it. That's what, oh right, you didn't. They never do. And he said, we got to raise the federal minimum wage.

It's a $7.25. Obama didn't raise it for eight years. And the very first thing Joe Biden did was take it out of a bill and go, I'm just lying. I'm not going to increase minimum wage for the masses. No, no, FDR 2.0, okay? So like he's lying. They never do that. He's just saying, oh, the way to get back into power is not by promising real economic change like Mom Dani is. The way to get back into economic, get back into political power is to make fake economic promises we never keep and are never going to keep. And another fake promise was, as Anna pointed out, raising taxes on the rich. I mean, it's hilarious, then why don't you do it? Like when the Republicans get in office, they immediately cut taxes on the rich.

Is their first priority, Trump, the first term, this one major bill, the one he did first was tax cuts for the rich. Second term, first major priority, and probably the only one, tax cuts for the rich. Okay, when Democrats get into office, they say, oh, we're going to raise those taxes back up on the rich, and then they go, oh, yeah, we're just kidding, we're not. And we're not even going to try. We're not even going to try. And Trump cut corporate taxes from 35, 21.

And Biden's like, we're going to bring it back to 28. It was a 35. Okay, fine, man, this says 25. 25, it was a 35. And then, okay, so where's your bill to increase it to 25 percent? I don't have one. I was just kidding. Okay, so Tom Sozi, or whatever the hell your name is.

We all know you're lying. Everyone knows you're lying now. The game is up. Yeah, mainstream media will be like, oh, yes, corporate Democrats, they will raise the minimum wage, even though they never do. They'll raise taxes on the rich, even though they never do. Except they never add the part, they never do, right? They just promise it. They promise it to win elections.

They never deliver. And then people, like me, develop a deep hatred for the Democratic Party because they're losers. They're just as corrupt as Republicans. They just pretend to be friendlier. They pretend to care about equity. They pretend to care about all sorts of things they don't actually care about. because they're corrupted by the exact same corporate interests. So the jig is up, like 100%.

And by the way, here's Swazi himself summing up the message that he tried to get across in this pathetic piece. There are four key takeaways from my op-ed. Number one, Assemblyman Mondani is a charismatic, smart, effective campaigner. But I disagree with him. Two, like President Trump, he correctly diagnosed the core issue confronting most Americans. The economy's not working for them. Three, Democrats need to recognize that economic discontent. And he was focused on solutions that will provide economic security for American families. And finally, four, that message need not be Mamdani's socialism. It need not be Trump's wealthiest first agenda either.

There's another way. So look, if we actually have some sort of socialist revolution in this country, I want corporate Democrats to understand, it's their fault. Yeah. They need to understand that. 100%. It's their fault. So that guy, you know how many times he objected when Biden didn't push for paid

family leave or the public option or minimum wage or any of the policies he's pretending to be in favor of? He objected a grand total of zero times. Loved it. Loved it. Loves fake policies that they never do while it's pocketing tons of corporate cash. Okay. So that's how these corporate Democrats.

So that's why, as you saw in the poll, you know, is around 50-50 on who is going to do more damage to Mom Dani and who attacks them more. Establishment democracy, look at that, 51-49, Establishment Democrats beating out racist mega supporters for who hates Mom Dani more. And I'm going to add one last one because Mamdani has pulled off an amazing feat. He has, although they do to get united every once in a while and oftentimes disastrously, he's united the neolibs with the neocons. Okay, so Mark Penn, former top advisor, top pollster to the Clintons, Bill Clinton and Hillary Clinton during their campaigns on the presidency, came out and he had a very unique charge against Mom Donnie. You're not going to believe it. He said he's an anti-Semite. Why is he an anti-Semite? He didn't state any statements that Mom Dane has made that's anti-Semitic because he hasn't made any. He's just like, got you. He said, they guessed Israel. How dare you? How dare you? He said, he, okay? And he didn't even say that Palestinians are all terrorists. He won't say it, okay. Okay, oh wow. Oh, so he doesn't want more war. I should shed a tear over that. No, look, look, as you can tell here, I don't agree with all of Mamdani's policies. I, and I don't

agree with them, even on the ones I agree with, I don't agree how far he's gone with them, right? But my God, will I take change over no change? Will I take effort over no effort? You know what Mbondani's doing? He's getting caught trying, right? Whereas the mark pens of the world and the sozzies of the world and all those folks were like, don't try, don't try, don't try, don't try. They're the problem, they're the problem.

So would a government run grocery store been at the top of my priority list? No, it would, I wouldn't have made my priority list, okay? But would I rather try that than put fake Democrats who are going to lie to you and then deliver for their corporate donors instead? No, give me Mom Donnie. Let's try Mom Donnie, okay? Because we've tried these guys a hundred times. They never deliver. They're the world's biggest liars. The only people they deliver for are Israel, the donor class, and the super rich, period. Bingo. All right, we got to take a break. We'll be right back. I'm going to be.

I'm going to be. I'm going to be. Buhn't know Buhn't know Bhopin Bhopin