THE UNITED STATES GOVERNMENT? LET’S PUT IT THIS. THERE ARE MORE THAN A HUNDRED COUNTRIES AROUND THE WORLD WHOSE TOTAL POPULATION THAT IS EVERY MAN, WOMAN AND CHILD ARE SMALLER THAN OUR FEDERAL WORKFORCE. ENTIRE COUNTRIES, MANY OF THEM. THE U.S. GOVERNMENT, IN OTHER WORDS, IS ASTOUNDINGLY LARGE WORLD, HISTORICALLY BIG SCALE WITHOUT PRECEDENT.
TRULY, GORGAN. SO WHAT DO ALL THOSE PEOPLE WHO WORK THERE DO EVERY DAY MAYBE WONDERING THAT? WHAT’S A GOOD QUESTION? ACTUALLY , NOBODY’S REALLY SURE, INCLUDING MANY OF THE EMPLOYEES THEMSELVES. FUNDAMENTALLY, THE FEDERAL GOVERNMENT IS A MYSTERY LIKE THE UNIVERSE. IT GOES ON FOREVER. IT MAKES YOU FEEL SMALL THINKING ABOUT IT, WHICH
IS PROBABLY THE POINT. THE GOOD NEWS IS EVERY ONCE IN A WHILE OUR GOVERNMENT DOES SOMETHING YOU CAN ACTUALLY UNDERSTAND THAT HAPPENED RECENTLY WHEN JOE BIDEN SIGNED A 700 OR FIFTY BILLION DOLLAR PIECE OF LEGISLATION CALLED THE INFLATION REDUCTION ACT, WHICH IS THE INFLATION REDUCTION ACT DU COME ON , WHAT
DO YOU SLOW THE INTEREST RIGHT THERE IN THE NAME? THE INFLATION REDUCTION ACT IS AN ACT THAT REDUCES INFLATION. IT’S AN INFLATION REDUCING ACT AND THAT’S WELCOME NEWS BECAUSE INFLATION IS INDEED A PROBLEM. IN FACT, VOTERS SAY IT’S THE PROBLEM. THEY WORRY ABOUT MOST. SO CONGRESS HAS DECIDED TO REDUCE IT.
THAT’S HOW THINGS WORK IN WASHINGTON. YOU WOULD IDENTIFY A CRISIS AND THEN YOU PASS A LAW MAKING IT ILLEGAL. CRISIS SOLVED. IT’S SIMPLE GETTING THROUGH THE SUMMER. NO PROBLEM. JUST HAVE CONGRESS WRITE A LAW BANNING HIGH TEMPERATURES. IT’S EFFECTIVELY OUR CLIMATE CHANGE POLICY. AND AS WE KNOW IT WORKS.
THE SCIENCE ON THAT HAS BEEN SETTLED. DON’T DENY NOW CONGRESS HAS DECIDED TO BRING THAT VERY SAME APPROACH TO INFLATION. JUST COMMAND IT TO GO DOWN. YOU CAN IMAGINE HOW TERRIFIED INFLATION WILL BE WHEN IT DISCOVERS IT’S BEING REDUCED BY OUR ALL POWERFUL CONGRESS. WAIT, IT’LL SAY IN HORROR YOU
PASSED AN INFLATION REDUCTION. OKAY, FINE. I SURRENDER. GAS IS NOW A DOLLAR FIFTY A GALLON HAMBURGERS, TWO BUCKS A POUND. SORRY FOR THE HIGH PRICES. THAT’S THE PROMISE OF THIS ACT ANYWAY. BUT IN REAL LIFE, A LOT OF PEOPLE ARE STILL WONDERING HOW THIS GOING TO WORK. HILLARY VAUGHN FROM FOX WAS
WONDERING THAT. SO YESTERDAY SHE CAUGHT UP WITH SENATOR JOE MANCHIN OF WEST VIRGINIA. MANCHIN IS THE MAN, THE SINGLE MAN WHOSE VOTE MADE THIS BILL POSSIBLE. IS THE INFLATION REDUCTION ACT REALLY GOING TO REDUCE INFLATION? SHE HEARS HOW JOE MANCHIN RESPONDED WHEN BEEN MISLEADING THE POLICY RATE REDUCTION ACT FOR AMERICANS.
WE’RE NOT GOING TO MAKE THEIR GROCERY BILL PAPER. IT’S NOT GOING TO MAKE WITH THEM. WHY WOULD IT? WHY WOULD IT? WELL, IT’S THE OPPOSITE. WE NEVER SAY ANYTHING HAPPEN IMMEDIATELY LIKE TODAY. TURN THE SWITCH ON AND OFF. SO IS HILLARY VAUGHN POINTED OUT CORRECTLY THE WALL WON’T IMMEDIATELY MAKE ANYTHING
CHEAPER TO BUY. IN OTHER WORDS, IT WILL NOT REDUCE INFLATION. BUT YOUR MANSION DIDN’T DENY I . HE DIDN’T SEEM BOTHERED BY THE FACT HIS RESPONSE WAS WHY WOULD IT? WELL, LET’S SEE, BECAUSE YOU TOLD US IT WOULD YOU DISHONEST LITTLE CREEP. AND THEN YOU PRINTED ANOTHER SEVEN HUNDRED AND FIFTY DOLLARS
BILLION OF FAKE MONEY, WHICH IS EXACTLY THE HABIT THAT CAUSED HISTORIC INFLATION IN THE FIRST PLACE. ALL THIS FAKE MONEY PRINTING. SO WHAT’S THE UPSIDE OF THIS BILL EXACTLY? JOE MANCHIN DIDN’T SAY CONGRESSMAN JAMIE RASKIN OF MARYLAND COULDN’T EXPLAIN IT EITHER. WATCH THIS. I KNOW THAT THOSE WHO HAVE BEEN
BLAMING PRESIDENT BIDEN FOR THE INFLATION GOING UP ARE NOW GIVING PRESIDENT BIDEN ALL THE CREDIT FOR INFLATION GOING DOWN. SO WE’RE MOVING THINGS IN THE RIGHT DIRECTION ALREADY. AND WHAT PARTS OF THE BILL DO YOU THINK WILL POSSIBLY WORK ON THAT? NEXT QUESTION. >> I’M JAMIE. ASK AND I’LL SAY ANYTHING.
WHAT PARTS OF THE INFLATION REDUCTION ACT WILL ACTUALLY REDUCE INFLATION? NEXT QUESTION, SAYS RASKIN ACTUALLY SAID THAT OUT LOUD, AS YOU JUST SAW. IN OTHER WORDS, YOU’VE CAUGHT ME LYING AND I DON’T EVEN CARE. GO AWAY. PRESENT. SO AS IT TURNS OUT, WE HATE TO BREAK THIS TO YOU. THE INFLATION REDUCTION ACT
MAYBE A CLASSIC EXAMPLE OF MISINFORMATION. IMAGINE BUYING A BOTTLE LABELED SHAMPOO AND FINDING OUT THE HARD WAY IT WAS ACTUALLY DRAIN CLEANER. IT’S LIKE THAT. SO IF THERE’S ONE THING WE CAN LEARN FROM THE SO-CALLED INFLATION REDUCTION ACT IS THAT IN WASHINGTON WORDS NO LONGER HAVE ANY MEANING AT ALL.
THE EMPIRE HAS OFFICIALLY ENTERED ITS POSTMODERN PHASE WHERE THERE’S NO CONNECTION WHATSOEVER BETWEEN THE SOUNDS THAT EMERGE FROM THE MOUTHS OF OUR LEADERS AND OBSERVABLE PHYSICAL REALITY. CONGRESS MIGHT AS WELL HAVE CALLED THIS THE ETERNAL HAPPINESS ACT AND WHY NOT? SO PROBABLY THE NAME OF THE NEXT BILL JOE BIDEN.
AND WE HOPE SO BECAUSE WE ARE LONG OVERDUE FOR WASHINGTON TO BALANCE SADNESS. THEY OUGHT TO GET ON THAT. BUT THIS BILL WAS EVEN THOUGHT ABOUT BY JOE BIDEN, NOT THAT HE EVEN NOTICED THIS BILL . BIDEN DOESN’T GET TOO CAUGHT UP IN THE MEANING OF WORDS THESE DAYS. BIDEN IS DEFINITIVELY POST
LITERATE AT THIS POINT. HERE WAS THE SCENE AS HE SIGNED HIS MOST RECENT LEGISLATIVE HIS MOST RECENT LEGISLATIVE TRIUMPH. NOW LOOK, NO VIREO IT MIGHT AS WELL PUT A SIGN ON HIS DESK SAYING THIS GUY HAS NO IDEA WHAT HE’S DOING RIGHT NOW BECAUSE HE DIDN’T AND IT COULDN’T HAVE BEEN MORE OBVIOUS
. THOUSAND YARDS. THERE WAS THE GIVEAWAY. THERE WERE DOUGHBOY’S IN VERDUN WHO LOOK LESS SHELL SHOCKED AND BIDEN JUST DID. BUT THE QUESTION I MEAN, WHAT WAS IN THE BILL? LET’S SEE. YOU’LL BE HAPPY TO KNOW THAT THIS BILL , THE INFLATION ACTION ACT, INCLUDES THREE BILLION DOLLARS FOR
THE U.S. POSTAL SERVICE TO BUY NEW ELECTRIC MAIL TRUCKS. SO WHY WOULD YOUR MAILMAN NEED AN ELECTRIC MAIL TRUCK? NO ONE HAS EVER EXPLAINED THAT. BUT YOUR MAILMAN IS GETTING IN . CHINA IS GETTING EVEN RICHER FROM THE ELECTRIC MAIL TRUCK BATTERIES, WHICH MAKES. SO THERE’S THAT. THEN THERE’S ANOTHER
THREE BILLION DOLLARS ALLOCATED TO BLOCK GRANTS FOR SOMETHING CALLED ENVIROMENTAL JUSTICE THAT’LL BE OVERSEEN BY THE EPA, WHICH USED TO LOOK AFTER THE ENVIRONMENT. BUT NOW IT’S IN THE JUSTICE BUSINESS. ENVIRONMENTAL JUSTICE GETS ABOUT 60 BILLION DOLLARS IN THIS LEGISLATION, WHICH IS GREAT IF YOU’RE IN THE ENVIRONMENTAL JUSTICE BUSINESS.
BUT AT LEAST THE REST OF US WONDERING WHAT IS ENVIRONMENTAL JUSTICE ACTUALLY ? WELL, ACCORDING TO THE BILL, IT MEANS THAT WE ARE QUOTING HERE, FACILITATING ENGAGEMENT OF DISADVANTAGED COMMUNITIES IN STATE AND FEDERAL ADVISORY GROUPS, WORKSHOPS, RULEMAKING AND OTHER PUBLIC PROCESSES LIKE THAT SOUNDS CONFUSING, BUT ALSO EXPENSIVE.
IN ALL, THE EPA ALONE GETS MORE THAN 40 BILLION DOLLARS IN THIS BILL , INCLUDING MORE AND 30 BILLION FOR SO-CALLED DISADVANTAGED COMMUNITIES. WHAT THOSE WELL, THEY’RE NOT REALLY DEFINED PEOPLE WHO VOTE FOR JOE BIDEN. SO WHAT IT REALLY MEANS IS THE EPA IS GOING TO SPREAD MORE IDENTITY POLITICS AND RACE HATE.
YOU’RE SICK OF THAT YET THE WHITE HOUSE IS NOT SICK OF IT. THEY’RE ALL IN FOR CONTEXT TO SEE JUST HOW ALL IN THEY ARE ON THAT. THE TOTAL ANNUAL BUDGET OF THE EPA CURRENTLY STANDS AT ABOUT TEN BILLION DOLLARS. SO THIS IS A LOT OF MONEY FLOWING TO EQUITY IN
THE DISTRICT ADVANTAGE. AND OF COURSE, EVERYTHING HANGS ON DEFINITIONS. SO WHO GETS TO DEFINE WHAT DISADVANTAGES A DISADVANTAGED COMMUNITY? WELL, THAT WOULD BE THE EPA’S ADMINISTRATOR, A GUY CALLED MICHAEL REGAN. THIS IS A GUY WHO’S IN HIS LATE FORTIES WHO HAS NEVER HAD AN ACTUAL JOB IN HIS LIFE, NEVER
WORKED FOR REAL BUSINESS OF ANY KIND. BUT HE DOES HAVE PRIORITIES. AND TO GIVE YOU SOME SENSE OF WHAT THEY ARE, WE’LL TELL YOU WHAT HE TOLD THE DAILY SHOW THIS YEAR. AND WE’RE QUOTING EVERYTHING I DO AT EPA IS THROUGH THE LENS OF ENVIRONMENTAL JUSTICE, CONTRACTING, PROCUREMENT, AIR QUALITY, WATER QUALITY LAND
MANAGEMENT STARTS WITH ARE WE PROTECTING THE LEAST AMONG US THOSE WHO HAVE LACKED POLITICAL REPRESENTATION AND THOSE WHO HAVE NOT BEEN AT THE TABLE FOR DECADES AND SO REALLY THIS IS ABOUT SPREADING RACE HATE AS VIRTUALLY EVERYTHING THEY DO IS THEY CALL IT EQUITY. IT’S NOT ABOUT PROTECTING THE ENVIRONMENT AND IF YOU’RE
WONDERING HOW THE ENVIRONMENT’S DOING, TAKE A VERY CLOSE LOOK, SEE ANYONE MONITORING THE CHEMICALS IN OUR WATER. NO, WE’RE BUSY CONDUCTING WORKSHOPS FOR BILLIONS OF DOLLARS. THE DISADVANTAGED COMMUNITIES RIGHT. SO THAT MAY NOT BE HELPING THE ENVIRONMENT, BUT DEFINITELY NOT REDUCING INFLATION. INFLATION REDUCTION IS NOT THE SAME AS PROTECTING PEOPLE WHO LACK
POLITICAL REPRESENTATION. THAT’S, OF COURSE, JOE BIDEN’S BASE. THE EIGHTY ONE MILLION WHO VOTED FOR HIM. THAT’S WHAT THIS BILL IS REALLY ABOUT, REWARDING HIS VOTERS THAT INCLUDE VIRTUALLY EVERY BUREAUCRAT IN WASHINGTON. THEY DO VERY WELL IN THIS BILL . OF COURSE, AS LONG AS HE PROMISED TO SPEND AN EQUITY,
HOWEVER, THEY WANT TO DEFINE THAT THERE’S TWENTY FIVE MILLION FOR THE GOVERNMENT ACCOUNTABILITY OFFICE TO DETERMINE, QUOTE, WHETHER THE ECONOMIC, SOCIAL, ENVIRONMENTAL IMPACTS OF THE FUNDS DESCRIBED IN THIS PARAGRAPH ARE EQUATE TO BULK. BILL ALSO CALLS FOR 10 MILLION TO BE SPENT ON EQUITY COMMISSIONS WITHIN THE DEPARTMENT OF AGRICULTURE TO COMBAT RACISM.
IN OTHER WORDS, TO COMMIT RACISM. REALLY NOT SINCE THE GERMAN GOVERNMENT EIGHTY YEARS AGO HAS ANY GOVERNMENT EVER PAY CLOSER ATTENTION TO PEOPLE’S GENETICS. THAT’S TRUE. AND YET NO ONE NOTICES IT FOR SOME REASON, WHAT WE DO, THERE’S MORE THAN TWO BILLION DOLLARS FOR THE GENERAL SERVICES ADMINISTRATION, SOMETHING CALLED THE FEDERAL
PERMITTING IMPROVEMENT STEERING COUNCIL THAT GETS THREE . FIFTY MILLION. THE BUREAU OF INDIAN AFFAIRS GETS TWO HUNDRED TWENTY MILLION. THE OSMAN’S NATIVE HAWAIIAN RELATIONS GETS TWENTY THREE MILLION. AND IT’S NOT JUST BUREAUCRATS WHO ARE GETTING PAID THEIR BILLIONS OF DOLLARS IN TAX CREDITS. WHO DO THOSE GO TO JOE BIDEN DONORS?
OF COURSE NOT TO YOU ARE YOU IN PRIVATE EQUITY NOW? NO, YOU’RE NOT. YOU DON’T GET ANYTHING. BIDEN DESCRIBED THESE CREDITS YESTERDAY. THE TREASURY REDUCTION ACT INVEST THREE HUNDRED AND SIXTY NINE BILLION DOLLARS TO TAKE THE MOST AGGRESSIVE ACTION EVER, EVER, EVER, EVER IN CONFRONTING THE CLIMATE CRISIS AND STRENGTHENING OUR CAN.
OUR ENERGY SECURITY IS GOING TO OFFER WORKING FAMILIES THOUSANDS OF DOLLARS IN SAVINGS BY PROVIDING THEM REBATES TO BUY NEW AND EFFICIENT APPLIANCES, WEATHERIZE THEIR HOME, GET TAX CREDIT FOR PURCHASING HEAT PUMPS AND ROOFTOP SOLAR ELECTRIC STOVES, EVEN DRYER SECOND. SO YOU WATCH THAT AND YOU REALIZE MAYBE THEY ARE GOING TO
RUN HIM AGAIN BECAUSE HE DOESN’T ACTUALLY EXIST. HE IS MERELY A CONDUIT THROUGH WHICH THEY CHANGE. AMERICA HAS NO IDEA WHAT HE’S SAYING. HE READS THE SCRIPT. IT SEEMS KIND OF NONTHREATENING AND OUT OF IT. THAT MAY SEEM EMBARRASSING TO YOU, A PROBLEM TO YOU. YOU WONDER WHAT IS RIGHT.
THINK OF ALL THIS. IT’S SO DEMEANING AND DEGRADING. IT’S CRUEL TO DO THIS TO A GUY. I FEED HIM FULL OF DRUGS AND I’VE READ SOMEONE ELSE’S SCRIPT. BUT IF YOU’RE TRYING TO CHANGE THE COUNTRY REALLY FAST, THIS IS VERY USEFUL TO YOU. OF COURSE THEY’RE GOING TO RUN THEM AGAIN.
SO AGAIN TO THE BILL, A NONPROFIT CALLED REWIRING AMERICA, WHICH SUPPORTS THIS BILL , DECIDED TO FIGURE OUT HOW MUCH MONEY AMERICANS ARE ELIGIBLE TO RECEIVE FROM THE INFLATION REDUCTION ACT BASED ON ZIP CODE HOUSEHOLD INCOME TAX FILING STATUS. SO ACCORDING TO REWIRING IN AMERICA, A MARRIED COUPLE
WITH ONE CHILD IN SAN FRANCISCO EARNING THE MEDIAN HOUSEHOLD INCOME, THEY’RE OF ONE HUNDRED AND TWENTY THOUSAND DOLLARS WOULD BE ELIGIBLE FOR NEARLY TWELVE THOUSAND DOLLARS IN TAX CREDITS. BUT ACCORDING TO THAT SAME GROUP, THAT SAME FAMILY THREE MAKING THE MEDIAN INCOME IN YOUNGSTOWN, OHIO, FOR EXAMPLE, WOULD BE ELIGIBLE FOR
JUST EIGHTY ONE DOLLARS IN TAX CREDITS. THAT’S WEIRD. SO THE MIDDLE CLASS GETS SHAFTED WHILE PEOPLE MAKING ONE HUNDRED AND TWENTY GRAND IN SAN FRANCISCO MAKE OUT. OKAY, SO MOST AMERICANS WHO ARE MAKING MIDDLE CLASS WAGES WOULD BE ELIGIBLE FOR MORE SAVINGS ONLY IF THEY’RE WILLING TO GO OUT AND SPEND THOUSANDS OF
DOLLARS ON THINGS LIKE A NEW HEAT PUMP, WATER HEATER, AN ELECTRIC STOVE OR A HEAT, SOME CLOTHES DRYER. RIGHT. NONE OF WHICH WORKED VERY WELL. BUT THE BIGGER ISSUE IS THAT ALL THESE TAX CREDITS FOR JOE BIDEN SPACE ARE GOING TO INCREASE INFLATION. THIS IS THE SAME THING THAT HAPPENED TO COLLEGE TUITION.
THE GOVERNMENT SUBSIDIZED IT. IT GOT MUCH MORE EXPENSIVE, PERFECT. AND THAT’S WHAT STARTED AS THE WASHINGTON EXAMINER HAS REPORTED, ELECTRIC VEHICLE MANUFACTURERS ARE NOW RAISING THE PRICE OF THEIR CARS. NOW THE SO-CALLED INFLATION REDUCTION ACT INCLUDES SEVEN SEVEN THOUSAND $500 TAX CREDIT FOR ELECTRIC VEHICLES AHEAD OF THE INFLATION REDUCTION ACT, EXTENDING
THE TAX CREDIT OF UP TO SEVENTY FIVE HUNDRED BUCKS FOR PURCHASES OF NEW ELECTRIC AND HYBRID VEHICLES. FORD AND GM ANNOUNCED PRICE INCREASES AT SIMILAR RATES FOLLOWING THIS. SO THE GOVERNMENT PAYS YOU BACK YOUR OWN MONEY TO BUY A PRODUCT AND THEN THE MANUFACTURERS PRODUCT RAISES THE COST OF THAT
SAME PRODUCT FOR THE SAME AMOUNT WITH A SUBSIDY FOR THEM, NOT SAVINGS FOR YOU. LAST WEEK, FORD ANNOUNCED PRICE HIKES BETWEEN SIX THOUSAND EIGHT THOUSAND FIVE HUNDRED FOR MOST OF ITS LINEUP OF ITS F1 50 LIGHTNING ELECTRIC VEHICLES WITH GENERAL MOTORS ELECTRIC HUMMER COSTS BY SIXTY TWO HUNDRED FIFTY LAST MONTH.
SO WHAT DOES THAT? THEY DON’T WANT TO ANSWER THE QUESTION BECAUSE THE ONLY POTENTIALLY DEFLATIONARY ASPECT OF THIS BILL IS THE TAX INCREASE, WHICH IS OF COURSE PROBABLY NOT A GOOD IDEA WHEN YOU’RE IN A RECESSION. BUT OUR GOVERNMENT IS NOT WILLING TO CUT SPENDING AND STOP PRINTING MONEY.
SO INSTEAD THE SOLUTION IS TO TAKE MONEY FROM YOU. THIS IS THIS IS CLASSIC, RIGHT? SO YOU PRINT ALL THE MONEY YOU WANT BECAUSE YOU HOLD THE RESERVE CURRENCY AND THEN WHEN INFLATION GOES UP, YOU JUST TRY AND PULL IT OUT OF THE SYSTEM THROUGH TAXATION. THAT’S MODERN MONETARY THEORY. LOOK IT UP.
ACCORDING TO THE CONGRESSIONAL BUDGET OFFICE, THIS ACT WILL COST THE MIDDLE CLASS 20 OF DOLLARS A YEAR IN NEW TAXES. JOINT COMMITTEE ON TAXATION HAS CONCLUDED THAT UNDER THIS BILL . 61% OF TAXPAYERS MAKE BETWEEN 40 AND 50 GRAND. WE’LL SEE A TAX INCREASE 91% OF AMERICANS MAKE BETWEEN
SEVENTY FIVE AND A HUNDRED WILL SEE THEIR TAXES GO UP AND NINETY SEVEN PERCENT OF AMERICANS MAKE BETWEEN 100 AND 200. WE’LL SEE THEIR TAXES GO UP. SO IF YOU’RE MAKING ONE HUNDRED GRAND IN ARLINGTON, VIRGINIA, ARE YOU RICH? NO, YOU’RE BARELY SCRAPING BY . SO IT TURNS OUT THAT BIDEN WAS
LYING JUST YESTERDAY HE TOLD NO ONE MAKING UNDER FOUR HUNDRED THOUSAND DOLLARS A YEAR. WE’LL SEE THEIR TAXES WATCH. AND I’M KEEPING MY CAMPAIGN COMMITMENT. NO. ONE , LET ME EMPHASIZE NO ONE EARNING LESS THAN FOUR HUNDRED THOUSAND DOLLARS A YEAR WILL PAY A PENNY MORE IN FEDERAL TAXES. FOLKS.
YEAH, NOT A PENNY MORE . I MEAN, AGAIN, YOU CAN’T BLAME THE GUY. HE’S JUST A MANNEQUIN. BUT WHOEVER WROTE THAT KNEW HE WAS LYING. THERE IS ONE GROUP OF AMERICANS WHO WILL NOT PAY MORE UNDER THAT BILL . THAT’S BIDEN’S DONORS. THE RICHEST PEOPLE IN THE COUNTRY THANKS TO
THE DEMOCRATIC PARTY’S HEDGE FUND SUPPORT. AND THEY HAVE A LOT OF THAT. THE PRIVATE EQUITY WORLD, THE FINAL REVISION, THIS BILL KEEPS THE CARRIED INTEREST LOOPHOLE IN OUR TAX CODE. THAT MEANS THAT PEOPLE WHO WORK IN FINANCE MANY PARTS OF FINANCE ARE ABLE TO REPORT THEIR INCOME AS INTEREST
AND PAY HALF THE TAXES THAT YOU DO. NO ONE CAN DEFEND THIS POLICY. IT IS INDEFENSIBLE. EVEN PEOPLE WHO BENEFIT FROM IT WILL NOT DEFEND THEIR EMBARRASSMENT. THEY TAKE ADVANTAGE OF IT, OF COURSE. BUT IT’S A SCAM AND EVERYBODY KNOWS. AND YET IT REMAINS IN OUR TAX CODE BECAUSE THEY’VE PAID OFF.
THE DEMOCRATIC SENATOR FROM ARIZONA AND A BUNCH OF OTHERS. SO JUST IN CASE THE MESSAGE WASN’T CLEAR , THE BILL GIVES THE IRS ANOTHER 80 BILLION DOLLARS TO HIRE EIGHTY SEVEN THOUSAND NEW AUDITORS. SO WHAT ARE THOSE NEW AUDITORS, THOSE ARMED AUDITORS, THE IRS HAVE TO DO WITH THE TAX CODE? THAT’S UNFAIR.
WELL, THE TRUTH IS , IF YOU HAVE A TAX CODE THIS UNFAIR AND IT KEEPS GETTING MORE UNFAIR EVERY YEAR YOU HAVE TO HIRE ARMED GOONS TO MAKE PEOPLE OBEY BECAUSE THEY WON’T OTHERWISE 87000 NEW ARMED IRS. HOW MANY IS THAT? WELL, FOR PERSPECTIVE, THE IRS CURRENTLY HAS ABOUT SEVENTY EIGHT THOUSAND TOTAL.
SO THIS BILL WILL MAKE THE IRS LARGER THAN THE ARMY OF THE NATION OF ITALY, ALSO THE NATION OF THE PHILIPPINES, ALSO THE U.K. WHAT? THANKS, JOE MANCHIN. SO WHAT ORGANIZATION IS GOING TO BE DOING WE’RE NOT SURE, BUT WE DO HAVE AN IRS TRAINING VIDEO FOR YOU. WATCH. IN ADDITION, TO
THE ACCOUNTANTS, WE’RE ALSO LAW ENFORCEMENT OFFICERS, WHICH IS VERY INTERESTING BECAUSE A LOT OF THE SPECIAL AGENTS THAT WORK FOR THE IRS, THEY DON’T COME FROM A LAW ENFORCEMENT BACKGROUND. WE GET TO DO THE SAME THINGS LIKE ALL THE OTHER LAW ENFORCEMENT OFFICERS. DO THINGS HAPPEN? WE HAVE TO BE ABLE TO RESPOND.
SO WE HAVE TO SO WE TEACH OUR AGENTS TO FIRE A FIREARM TO BE ISSUED. WE TEACH THEM DEFENSIVE TACTICS AND METHODS OF DEFENDING THEMSELVES AND PROTECTING OTHERS AS WELL. SO THEY GO THROUGH THAT ENTIRE PROCESS. SO NOT ONLY CAN THEY ANALYZE RECORDS, BUT THEY ALSO HAVE THAT LAW ENFORCEMENT COMPONENT.
SO IN AN ACTUAL DEMOCRACY, IRS AGENTS SHOULD BE TAUGHT TO BE POLITE. BUT UNDER JOE BIDEN, IRS AGENTS
