1 00:00:00,080 --> 00:00:07,880 Speaker 1: And it's seven oh six. Here fifty five Karsity Talk 2 00:00:07,920 --> 00:00:12,600 Speaker 1: Stations subsident our regular tool bumber music for the streetcar theme. 3 00:00:12,880 --> 00:00:16,240 Speaker 1: You know what's coming next from Protecting Taxpayers dot org, 4 00:00:16,280 --> 00:00:19,320 Speaker 1: which is the website for Taxpayer Protection Alliance. Welcome back, 5 00:00:19,360 --> 00:00:21,200 Speaker 1: my friend Dave Williams. It's always a real pleasure to 6 00:00:21,239 --> 00:00:22,919 Speaker 1: have you on the fifty five Karosee Morning Show. 7 00:00:24,160 --> 00:00:27,520 Speaker 2: Good Morning Brian, and you play that music. But DC 8 00:00:27,680 --> 00:00:28,960 Speaker 2: doesn't have a streetcar anything. 9 00:00:28,960 --> 00:00:31,040 Speaker 3: That's why Joe cute it up. I saw that. 10 00:00:31,160 --> 00:00:32,879 Speaker 1: Yes, I said, oh my god, I can't wait to 11 00:00:32,880 --> 00:00:35,559 Speaker 1: talk to Dave Williams the Taxpayer Text Alliance about it. 12 00:00:36,080 --> 00:00:37,560 Speaker 3: What was it two miles long? 13 00:00:37,720 --> 00:00:42,400 Speaker 2: Wasn't it two miles long? Two hundred and twenty million 14 00:00:42,560 --> 00:00:43,600 Speaker 2: dollars to build? 15 00:00:44,240 --> 00:00:46,040 Speaker 1: Yeah, you say that out loud. It makes it sound 16 00:00:46,080 --> 00:00:49,720 Speaker 1: like Cincinnati got a deal on It's a streetcar, so. 17 00:00:49,680 --> 00:00:51,200 Speaker 2: Such a bargain for Cincinnati. 18 00:00:51,280 --> 00:00:53,960 Speaker 1: So I guess when faced with the realities having to 19 00:00:54,000 --> 00:00:56,960 Speaker 1: maintain and upkeep that streetcar, pay people to run it 20 00:00:57,000 --> 00:00:59,000 Speaker 1: when no one was on it, they decided to pull 21 00:00:59,000 --> 00:01:01,120 Speaker 1: the plug on it, even though they had previously invested 22 00:01:01,120 --> 00:01:02,360 Speaker 1: that kind of coin to put it there. 23 00:01:02,360 --> 00:01:05,960 Speaker 3: In the first place, ten years in one month. 24 00:01:06,000 --> 00:01:09,600 Speaker 2: And I remember back ten years ago when the Taxpayer's 25 00:01:09,640 --> 00:01:12,800 Speaker 2: Protection Alliance we released a report talking about the cost 26 00:01:13,000 --> 00:01:15,920 Speaker 2: of the street car, and not just building it, but 27 00:01:16,280 --> 00:01:19,319 Speaker 2: the marketing costs. They were giving away free Frisbees. Well, 28 00:01:19,360 --> 00:01:22,840 Speaker 2: free taxpayers paid for right. And it cost him one 29 00:01:22,880 --> 00:01:26,920 Speaker 2: hundred and seventy thousand dollars to build a website for 30 00:01:27,160 --> 00:01:27,800 Speaker 2: the streetcar. 31 00:01:28,959 --> 00:01:29,800 Speaker 3: Are you kidding me? 32 00:01:30,680 --> 00:01:32,759 Speaker 2: No, I am not kidding you at all. 33 00:01:33,120 --> 00:01:36,959 Speaker 1: That's insane. You know, my son has done many websites. 34 00:01:37,000 --> 00:01:39,480 Speaker 1: He's a computer geek expert kind of guy, and it's 35 00:01:39,480 --> 00:01:41,880 Speaker 1: sort of a side thing he has done in the past, 36 00:01:41,920 --> 00:01:43,920 Speaker 1: his websites. It never really took him a whole lot 37 00:01:43,920 --> 00:01:45,800 Speaker 1: of time to do it, and he never charged much 38 00:01:45,840 --> 00:01:49,080 Speaker 1: money to get it accomplished. That's not rocket science anymore, Dave. 39 00:01:50,600 --> 00:01:54,000 Speaker 2: He's probably kicking himself, probably thinking, nah, I could have 40 00:01:54,080 --> 00:01:57,560 Speaker 2: built that streetcar website for eighty five thousand dollars. 41 00:01:57,640 --> 00:01:59,600 Speaker 1: Well, he's a chip off the old man's blocks that 42 00:01:59,640 --> 00:02:01,200 Speaker 1: he's not one that's going to go out and search 43 00:02:01,280 --> 00:02:03,840 Speaker 1: for government contracts, even though might a near to his 44 00:02:03,880 --> 00:02:08,520 Speaker 1: financial benefits. Anyway, Congratulations though, on getting the plug pulled 45 00:02:08,560 --> 00:02:09,880 Speaker 1: on that. At least it's going to say the DC 46 00:02:10,040 --> 00:02:11,040 Speaker 1: taxpayer some money. 47 00:02:12,240 --> 00:02:14,880 Speaker 2: It is. And listen, this has been my white whale, right, 48 00:02:15,000 --> 00:02:17,600 Speaker 2: I mean for the past ten years. In one month, 49 00:02:17,840 --> 00:02:19,400 Speaker 2: it's been my white whale. 50 00:02:20,040 --> 00:02:23,000 Speaker 1: Have a celebratory cocktail. I'll even pay for it, Dave 51 00:02:23,080 --> 00:02:25,919 Speaker 1: to send me the bill, all right, pivoting over the 52 00:02:26,000 --> 00:02:27,760 Speaker 1: things that Dave Williams is always looking for. 53 00:02:27,800 --> 00:02:28,600 Speaker 3: He and the team at. 54 00:02:28,720 --> 00:02:33,120 Speaker 1: Taxpayer Protection Alliance insane government spending, so putting aside local spending. 55 00:02:33,120 --> 00:02:33,360 Speaker 3: On that. 56 00:02:33,639 --> 00:02:36,520 Speaker 1: We have a new TPA report finding FDA costs are 57 00:02:36,600 --> 00:02:40,440 Speaker 1: soaring with drug rejections rising. What's behind this one, Dave Williams. 58 00:02:41,480 --> 00:02:43,959 Speaker 2: Yeah, this is this is incredible, is that the FDA 59 00:02:44,160 --> 00:02:48,160 Speaker 2: is becoming slower and more unresponsive even though it's getting 60 00:02:48,320 --> 00:02:51,160 Speaker 2: more money, more money from taxpayers, but also more money 61 00:02:51,200 --> 00:02:55,560 Speaker 2: from industry, from pharmaceutical companies. The FDA is not doing 62 00:02:55,600 --> 00:02:58,680 Speaker 2: its job, Brian. And you know, over the past you know, 63 00:02:58,720 --> 00:03:02,359 Speaker 2: fifteen twenty years, we have I've seen amazing progress in medicine. 64 00:03:02,520 --> 00:03:05,120 Speaker 2: And listen, I know the controversy about the vaccines, and 65 00:03:05,160 --> 00:03:09,080 Speaker 2: I sympathize with the controversy in vaccines because that was 66 00:03:09,120 --> 00:03:12,840 Speaker 2: done so quickly and approved so quickly. But you know, 67 00:03:12,880 --> 00:03:15,640 Speaker 2: we have medicines that have been in the pipeline for years. 68 00:03:15,720 --> 00:03:17,839 Speaker 2: It takes what ten to twelve years and about two 69 00:03:17,840 --> 00:03:21,680 Speaker 2: billion dollars to approve a drug, and anything can stop 70 00:03:21,880 --> 00:03:26,560 Speaker 2: that whole process. And it's frustrating because the FDA has 71 00:03:26,560 --> 00:03:29,840 Speaker 2: an opportunity, whether it's gene therapy, you know, so many 72 00:03:29,880 --> 00:03:34,000 Speaker 2: cutting edge technologies and it's just lagging behind in approving these. 73 00:03:34,200 --> 00:03:37,440 Speaker 1: I thought with the Make America Healthy Again agenda that 74 00:03:37,480 --> 00:03:39,920 Speaker 1: this and this day, this is not a surprise to 75 00:03:39,960 --> 00:03:41,880 Speaker 1: you that it takes a long time and billions of 76 00:03:41,880 --> 00:03:43,680 Speaker 1: dollars to get a drug approved. This is something been 77 00:03:43,680 --> 00:03:47,080 Speaker 1: going on for years and years and years, but that 78 00:03:47,200 --> 00:03:50,120 Speaker 1: it exists as a problem. The I guess concerning thing 79 00:03:50,200 --> 00:03:52,960 Speaker 1: is that this administration hasn't done anything to streamline the 80 00:03:53,000 --> 00:03:57,120 Speaker 1: process that sounds consistent with a Trump administration type of 81 00:03:57,440 --> 00:04:00,320 Speaker 1: plan or policy. 82 00:04:00,440 --> 00:04:02,480 Speaker 2: Yeah, and when you look at the FDA, they have 83 00:04:02,680 --> 00:04:06,120 Speaker 2: these these thresholds that a drug has to be ninety 84 00:04:06,120 --> 00:04:09,600 Speaker 2: five percent efficient, not safe. We're not talking. I mean 85 00:04:09,720 --> 00:04:12,560 Speaker 2: safety obviously is job one. Right you have to be 86 00:04:12,960 --> 00:04:15,280 Speaker 2: but you know, when you have efficacy of a drug 87 00:04:15,280 --> 00:04:17,720 Speaker 2: at ninety five percent, but it gets rejected because that 88 00:04:17,880 --> 00:04:21,440 Speaker 2: ninety four point eight percent something's wrong with the system. 89 00:04:21,480 --> 00:04:23,640 Speaker 2: Something is absolutely broken in the system. If that's what 90 00:04:23,680 --> 00:04:24,400 Speaker 2: they're doing. 91 00:04:25,560 --> 00:04:29,039 Speaker 1: The solution is it that simple just to flip the 92 00:04:29,040 --> 00:04:31,440 Speaker 1: switch and make it ninety five per or make it 93 00:04:31,520 --> 00:04:33,600 Speaker 1: less than ninety five percent or more than ninety five percent, 94 00:04:33,600 --> 00:04:34,840 Speaker 1: depending on your perspective on it. 95 00:04:35,200 --> 00:04:35,640 Speaker 3: I don't know. 96 00:04:35,880 --> 00:04:37,480 Speaker 1: Somewhere if someone's going to say, well, wait a second, 97 00:04:37,760 --> 00:04:40,640 Speaker 1: there has to be a cutoff, and what is it? 98 00:04:40,720 --> 00:04:42,800 Speaker 3: Is it arbitrary? 99 00:04:42,839 --> 00:04:45,640 Speaker 2: Well, it's arbitrary, but then you know right to try 100 00:04:45,680 --> 00:04:48,400 Speaker 2: and saying okay, if it's ninety four percent, you know, 101 00:04:49,000 --> 00:04:51,320 Speaker 2: just so you know, full disclosure, this drug is ninety 102 00:04:51,320 --> 00:04:53,720 Speaker 2: four percent, So but you can still you can still 103 00:04:53,800 --> 00:04:56,400 Speaker 2: use it. Or if this drug has been approved in 104 00:04:56,480 --> 00:04:59,960 Speaker 2: other countries that we trust, you know, the UK, Germany, Japan, 105 00:05:00,360 --> 00:05:03,200 Speaker 2: they have very rigid standards, why do we have to 106 00:05:03,240 --> 00:05:05,960 Speaker 2: reinvent the wheel in this country? If we have other 107 00:05:05,960 --> 00:05:08,239 Speaker 2: countries that have approved medication. 108 00:05:07,920 --> 00:05:12,240 Speaker 1: And wouldn't that serve as a massive country based clinical 109 00:05:12,279 --> 00:05:15,120 Speaker 1: trial if they've approved the drug and their population is 110 00:05:15,279 --> 00:05:18,240 Speaker 1: using it, presumably in large numbers compared to US, where 111 00:05:18,279 --> 00:05:21,240 Speaker 1: we haven't approved the drug yet, we have statistical examples 112 00:05:21,240 --> 00:05:23,200 Speaker 1: about how many people get sick as a consequence of 113 00:05:23,279 --> 00:05:25,760 Speaker 1: using any given drug. Do they use that evidence when 114 00:05:25,800 --> 00:05:27,520 Speaker 1: considering it here in the United States? 115 00:05:28,720 --> 00:05:29,159 Speaker 2: They do not. 116 00:05:29,400 --> 00:05:32,640 Speaker 3: Oh, that's great, Absolutely, that makes no sense. 117 00:05:33,839 --> 00:05:37,800 Speaker 2: No, and again, this is about the consumer, it's about patients, 118 00:05:37,839 --> 00:05:41,320 Speaker 2: it's about healthcare. It's not about the FDA. And the 119 00:05:41,360 --> 00:05:44,159 Speaker 2: FDA is a standing in the way. And listen, I 120 00:05:44,279 --> 00:05:47,799 Speaker 2: understand the desire to make America healthy again. I understand 121 00:05:47,800 --> 00:05:52,200 Speaker 2: the desire to get this nonsense out of our foods, right, 122 00:05:52,440 --> 00:05:55,360 Speaker 2: but I think what we're they're not seeing the bigger 123 00:05:55,400 --> 00:05:58,919 Speaker 2: picture here, and there's no real reform of HHS or 124 00:05:58,960 --> 00:05:59,520 Speaker 2: the FDA. 125 00:06:00,279 --> 00:06:03,360 Speaker 1: Well, what specific steps can the FDA and Congress make 126 00:06:03,440 --> 00:06:06,560 Speaker 1: to improve the drug approval process and expand access? 127 00:06:07,040 --> 00:06:07,680 Speaker 3: Is it simple? 128 00:06:09,279 --> 00:06:11,760 Speaker 2: It is? Well, first, the reciprocal agreement that we have 129 00:06:11,920 --> 00:06:15,320 Speaker 2: with other countries. And again I'm talking about trusted countries. 130 00:06:15,600 --> 00:06:18,360 Speaker 2: You know, not Botswana. You know, we're not going to 131 00:06:18,440 --> 00:06:21,599 Speaker 2: take a drudge just approved in Botswana. But you know 132 00:06:21,600 --> 00:06:24,400 Speaker 2: when you're talking about Japan, UK and Germany, you know 133 00:06:24,480 --> 00:06:27,359 Speaker 2: these are trusted partners, These are trusted countries and I 134 00:06:27,360 --> 00:06:30,000 Speaker 2: think that would go a long way. And you know, 135 00:06:30,040 --> 00:06:33,200 Speaker 2: breaking down the ten to twelve year approval process. There's 136 00:06:33,200 --> 00:06:35,080 Speaker 2: got to be a better way to do this well. 137 00:06:35,040 --> 00:06:37,000 Speaker 3: Other than tradition. What's standing in the way of this. 138 00:06:37,080 --> 00:06:39,960 Speaker 1: I presume the pharmaceutical companies are all over your suggestion, 139 00:06:40,120 --> 00:06:40,800 Speaker 1: Dave Williams. 140 00:06:42,120 --> 00:06:44,279 Speaker 2: They are. And you know, we always think that the 141 00:06:44,279 --> 00:06:47,520 Speaker 2: pharmaceutical companies have such strong weight when it comes to lobbying, 142 00:06:47,800 --> 00:06:51,280 Speaker 2: but in reality they don't because look at this process, 143 00:06:51,320 --> 00:06:54,800 Speaker 2: and it's really the FDA bureaucracy. And now, Brian, this 144 00:06:54,839 --> 00:06:58,080 Speaker 2: is every bureaucracy in the government. Is they expand they 145 00:06:58,120 --> 00:07:02,200 Speaker 2: don't contract. And you ever see a bureaucracy get smaller. 146 00:07:02,640 --> 00:07:04,520 Speaker 2: And you know what, if you're at the Department of 147 00:07:04,560 --> 00:07:08,120 Speaker 2: Commerce or Department of Transportation, you don't see the mediate 148 00:07:08,200 --> 00:07:11,480 Speaker 2: effect of it. But FDA it's so you know, it's 149 00:07:11,520 --> 00:07:14,040 Speaker 2: so sensitive, and we see that immediate effect of these 150 00:07:14,120 --> 00:07:15,280 Speaker 2: drugs not being approved. 151 00:07:15,520 --> 00:07:19,840 Speaker 1: So a shorter, more streamline approval process means smaller government, 152 00:07:20,000 --> 00:07:22,040 Speaker 1: which means that people who are currently standing in the 153 00:07:22,040 --> 00:07:25,240 Speaker 1: way and overseeing these studies are going to lose a job. 154 00:07:25,320 --> 00:07:27,760 Speaker 1: So this is all about protecting government employees. 155 00:07:29,360 --> 00:07:31,920 Speaker 2: Yep. Some people want to protect taxpayers, other people want 156 00:07:31,960 --> 00:07:33,280 Speaker 2: to protect government employees. 157 00:07:34,760 --> 00:07:38,160 Speaker 1: How about RFK Junior, the MAHA guy, the man's behind 158 00:07:38,160 --> 00:07:41,120 Speaker 1: this whole craze is has he said anything about these 159 00:07:41,120 --> 00:07:43,080 Speaker 1: proposals that you're talking about, Dave Williams, are about the 160 00:07:43,320 --> 00:07:47,480 Speaker 1: slow process that over that the FDA has in improving drugs. 161 00:07:48,320 --> 00:07:50,960 Speaker 2: He has not. He absolutely has not. There's been nothing 162 00:07:51,000 --> 00:07:53,800 Speaker 2: coming out of his office. And he has a really 163 00:07:54,040 --> 00:07:57,240 Speaker 2: obviously big platform to talk about this, yes, and could 164 00:07:57,280 --> 00:08:00,120 Speaker 2: make a huge difference in this. And you know, one 165 00:08:00,160 --> 00:08:02,840 Speaker 2: of the problems with RFK Junior is that he has 166 00:08:02,960 --> 00:08:07,480 Speaker 2: ties to the legal industry, the tort industry where they've 167 00:08:07,520 --> 00:08:10,920 Speaker 2: been suing drug manufacturers. So his I think it's his 168 00:08:11,000 --> 00:08:12,480 Speaker 2: son and don't get you know, I don't want to. 169 00:08:12,520 --> 00:08:16,520 Speaker 1: But Dave that the lawsuits can't go away. He's not 170 00:08:16,680 --> 00:08:20,880 Speaker 1: changing the underlying torte law. If they approve drugs maybe 171 00:08:20,920 --> 00:08:22,680 Speaker 1: too rapidly, that seems to me it's going to be 172 00:08:22,680 --> 00:08:24,840 Speaker 1: a feeding frenzy for the plaintiffs bar out there. 173 00:08:26,160 --> 00:08:28,280 Speaker 2: Yeah. So, I mean, listen, there's a lot of things 174 00:08:28,320 --> 00:08:31,200 Speaker 2: going on behind the scenes that just aren't good for 175 00:08:31,480 --> 00:08:34,400 Speaker 2: you know, for the country and for taxpayers and consumers. 176 00:08:34,520 --> 00:08:37,040 Speaker 1: Now his Taxpayer Protection Line is given the weight that 177 00:08:37,080 --> 00:08:40,640 Speaker 1: your organization has and you do have. They reached out 178 00:08:40,640 --> 00:08:43,520 Speaker 1: to RFK and asked specifically his comments on your thoughts 179 00:08:43,559 --> 00:08:43,800 Speaker 1: on this. 180 00:08:45,000 --> 00:08:47,160 Speaker 2: We have and what we're doing is we're also submitting 181 00:08:47,200 --> 00:08:50,200 Speaker 2: Freedom of Information Act requests trying to figure out just 182 00:08:50,280 --> 00:08:55,080 Speaker 2: exactly the chatter behind the scenes on on a number 183 00:08:55,120 --> 00:08:57,480 Speaker 2: of issues at the FDA and HHS. 184 00:08:57,520 --> 00:09:00,640 Speaker 1: And right there there's a contribute button at Protecting Taxpayers 185 00:09:00,640 --> 00:09:02,880 Speaker 1: dot org. It takes money to get these things going, 186 00:09:03,000 --> 00:09:06,200 Speaker 1: and I encourage my listeners to consider that contribution when 187 00:09:06,200 --> 00:09:09,160 Speaker 1: they're over checking out the website for the Taxpayer Protection Lines. 188 00:09:09,200 --> 00:09:11,439 Speaker 1: Dave Williams pause, will bring it back and we'll talk 189 00:09:11,480 --> 00:09:14,800 Speaker 1: about permanent pilot programs. Sounds like we're continuing a theme 190 00:09:14,840 --> 00:09:18,320 Speaker 1: about government and then sports betting and local taxes before 191 00:09:18,320 --> 00:09:20,559 Speaker 1: we get to Americans for Prosperity. Donald and Neilt the 192 00:09:20,559 --> 00:09:21,640 Speaker 1: bottom in the hour and. 193 00:09:21,800 --> 00:09:25,480 Speaker 3: Talkstation at seven nineteen. 194 00:09:25,520 --> 00:09:28,120 Speaker 1: If you have Krocite Talk station, I always enjoy hearing 195 00:09:28,120 --> 00:09:30,280 Speaker 1: from Dave Ooyams from the Taxpayer Protection Lines, and I 196 00:09:30,360 --> 00:09:32,600 Speaker 1: encourage you to check the website out and bookmarket and 197 00:09:32,600 --> 00:09:34,640 Speaker 1: find out what they're doing for us each and every 198 00:09:34,720 --> 00:09:37,880 Speaker 1: day of the week, protecting taxpayers dot org, pivoting over 199 00:09:39,280 --> 00:09:42,720 Speaker 1: no kidding, nothing so permanent as a pilot program. And 200 00:09:42,720 --> 00:09:45,000 Speaker 1: this is the thing that really irks me, including using 201 00:09:45,040 --> 00:09:48,080 Speaker 1: the tax code to manipulate people like we saw with 202 00:09:48,120 --> 00:09:50,960 Speaker 1: the Affordable Care Act premium tax credits. Oh here, there's 203 00:09:50,960 --> 00:09:52,640 Speaker 1: gonna be no premium. That just means you and I 204 00:09:52,640 --> 00:09:55,120 Speaker 1: are paying for a dave. But it's got an expiration date. 205 00:09:55,480 --> 00:09:58,680 Speaker 1: But lo and behold, when the expiration date comes, they 206 00:09:58,679 --> 00:10:01,600 Speaker 1: want to extend it. Extended and extended. Just one of 207 00:10:01,640 --> 00:10:03,560 Speaker 1: a multitude of illustrations of this dave. 208 00:10:04,920 --> 00:10:07,360 Speaker 2: Yeah, so it sort of has an expiration date, right. 209 00:10:08,000 --> 00:10:10,960 Speaker 2: Congress does this knowing that they're going to extend it. 210 00:10:10,960 --> 00:10:13,040 Speaker 2: And the reason they do this, there's a number of reasons, 211 00:10:13,040 --> 00:10:17,000 Speaker 2: but the biggest reason is it's all sleight of hand 212 00:10:17,520 --> 00:10:21,880 Speaker 2: fiscal chicanery. Is that they say, Okay, these tax extenders 213 00:10:21,920 --> 00:10:24,160 Speaker 2: are going to They're going to expire in twenty twenty five. 214 00:10:24,440 --> 00:10:26,920 Speaker 2: So the way we when I say score, the way 215 00:10:26,960 --> 00:10:29,120 Speaker 2: we're going to cost this to the government is a 216 00:10:29,160 --> 00:10:32,800 Speaker 2: certain dollar amount because it's going to expire. Nothing never 217 00:10:32,880 --> 00:10:35,800 Speaker 2: expires they do this so it makes the budget look 218 00:10:35,840 --> 00:10:39,200 Speaker 2: better in five, ten, fifteen, twenty years. And this is 219 00:10:39,240 --> 00:10:42,600 Speaker 2: how they pass the budget saying, well, the deficit's not 220 00:10:42,640 --> 00:10:45,319 Speaker 2: going to be that bad because these things expire. They 221 00:10:45,360 --> 00:10:48,040 Speaker 2: never expire. Like you said, in the ACA, the Affordable 222 00:10:48,040 --> 00:10:51,560 Speaker 2: Care Act premium tax credits. Man, if that's not the 223 00:10:51,720 --> 00:10:55,280 Speaker 2: poster child for what's happening here, nothing else is. Because 224 00:10:55,640 --> 00:10:59,120 Speaker 2: you know, there's supposed to be a temporary expansion under 225 00:10:59,120 --> 00:11:01,040 Speaker 2: the American Rescue Land of twenty twenty. 226 00:11:00,800 --> 00:11:04,760 Speaker 1: One based upon their COVID. Right, this is a COVID thing. 227 00:11:05,080 --> 00:11:06,960 Speaker 1: So COVID is not a problem anymore. 228 00:11:07,280 --> 00:11:07,559 Speaker 3: We have it. 229 00:11:07,760 --> 00:11:10,000 Speaker 1: We have a vaccine for that, Dave, So COVID is 230 00:11:10,040 --> 00:11:11,520 Speaker 1: not a problem anymore. And yet they want to continue 231 00:11:11,520 --> 00:11:14,800 Speaker 1: extending these tax credits which were built and predicated on COVID. 232 00:11:15,000 --> 00:11:20,280 Speaker 2: So uh, and then and then increases subsidy levels after. 233 00:11:20,400 --> 00:11:22,480 Speaker 2: I mean, this is the thing, is that, right? You know, 234 00:11:22,559 --> 00:11:27,120 Speaker 2: COVID is gone and now the extension is still here 235 00:11:27,480 --> 00:11:31,080 Speaker 2: and they're expanding the ACA credits. So this is something 236 00:11:31,120 --> 00:11:34,160 Speaker 2: that happens. And you know, we talk about demonstration projects 237 00:11:34,200 --> 00:11:36,079 Speaker 2: a lot of time with spending, but like you said, 238 00:11:36,120 --> 00:11:39,720 Speaker 2: the tax provisions, and these tax extenders, they're as bad 239 00:11:39,760 --> 00:11:44,000 Speaker 2: as earmarks because tax extenders go to certain industries and 240 00:11:44,280 --> 00:11:46,640 Speaker 2: certain companies. I mean it gets down to the micro 241 00:11:46,800 --> 00:11:49,640 Speaker 2: level where it goes down to certain companies. And these 242 00:11:49,679 --> 00:11:53,719 Speaker 2: are ear marks, Brian, These are tax earmarks that are 243 00:11:53,800 --> 00:11:56,280 Speaker 2: just as bad as spending earmarks, if not worse. 244 00:11:57,040 --> 00:11:59,480 Speaker 1: No question about it. So going back to the original 245 00:11:59,520 --> 00:12:02,480 Speaker 1: Donald Trump tax cuts which had a built in expiration date, 246 00:12:02,480 --> 00:12:07,680 Speaker 1: which were extended inshrine permanently later is are you telling 247 00:12:07,679 --> 00:12:09,800 Speaker 1: me the reason there was an expiration date in the 248 00:12:09,840 --> 00:12:13,400 Speaker 1: tax cuts. I always thought it was I guess who knows. 249 00:12:13,440 --> 00:12:15,360 Speaker 1: But you're saying is because the CBO scoring. 250 00:12:16,840 --> 00:12:20,240 Speaker 2: It was CBO scoring. It was Pelosian, the Democrats wanting 251 00:12:20,280 --> 00:12:23,199 Speaker 2: to get something out of the tax bill, but mostly 252 00:12:23,280 --> 00:12:25,679 Speaker 2: it was done because of CBO scoring. And you know, 253 00:12:25,880 --> 00:12:27,880 Speaker 2: it's funny if you look at budget documents from the 254 00:12:27,880 --> 00:12:31,320 Speaker 2: federal government, they have these thing called out years, which 255 00:12:31,360 --> 00:12:34,480 Speaker 2: is ten years, fifteen, twenty years down the road as 256 00:12:34,520 --> 00:12:38,920 Speaker 2: to what something will cost. And John Kaysik, who everyone 257 00:12:38,960 --> 00:12:43,440 Speaker 2: in Ohio is very from the witch Kasik. We remember Kasik, Yeah, 258 00:12:43,520 --> 00:12:46,360 Speaker 2: twenty years ago he said, I have never seen an 259 00:12:46,360 --> 00:12:50,040 Speaker 2: out year when it comes to budgeting, is that they 260 00:12:50,080 --> 00:12:52,320 Speaker 2: have these plans for twenty years, but I have never 261 00:12:52,320 --> 00:12:54,880 Speaker 2: seen an out year. So he had a moment of 262 00:12:54,880 --> 00:12:56,640 Speaker 2: Claarty back in the day. 263 00:12:56,960 --> 00:12:59,120 Speaker 1: Yeah, they also have a way to mission creep these 264 00:12:59,200 --> 00:13:01,640 Speaker 1: kind of things, like if you with reparations for like 265 00:13:01,960 --> 00:13:05,280 Speaker 1: this number of people with this finite amount of money, 266 00:13:05,559 --> 00:13:07,719 Speaker 1: then you know, damn well that about a minute in 267 00:13:07,800 --> 00:13:09,839 Speaker 1: time forward, that's going to expand to a much broader 268 00:13:09,880 --> 00:13:12,320 Speaker 1: program with a whole lot more money and be permanently enshrined. 269 00:13:12,960 --> 00:13:16,040 Speaker 2: Flipping over, how Brian try to try to take that 270 00:13:16,080 --> 00:13:19,479 Speaker 2: away from somebody, trying to take that extension, that expansion 271 00:13:19,520 --> 00:13:22,120 Speaker 2: away from someone, and it's they'll screen bloody murder. 272 00:13:22,200 --> 00:13:24,320 Speaker 1: Yeah, you never get somebody to remember what life was 273 00:13:24,400 --> 00:13:27,720 Speaker 1: like before they created this large est from government. How 274 00:13:27,760 --> 00:13:29,480 Speaker 1: do we manage to survive without it? 275 00:13:29,840 --> 00:13:30,240 Speaker 3: Anyway? 276 00:13:30,280 --> 00:13:32,480 Speaker 1: Over to sports betting, which fine, go ahead and bet 277 00:13:32,480 --> 00:13:35,400 Speaker 1: on sports. I think it's crazy. It's obviously resulting in 278 00:13:35,400 --> 00:13:39,160 Speaker 1: some real complications, most notably like in college basketball. Point 279 00:13:39,200 --> 00:13:41,960 Speaker 1: shaving becomes a thing when the individual playing the game 280 00:13:42,000 --> 00:13:44,640 Speaker 1: can be impacted by sports betting. But how does sports 281 00:13:44,640 --> 00:13:47,760 Speaker 1: betting harm local government revenue? 282 00:13:47,920 --> 00:13:50,199 Speaker 2: Yeah? So listen, I personally don't want an eighteen or 283 00:13:50,240 --> 00:13:52,640 Speaker 2: twenty two year old kid determine how much money I 284 00:13:52,679 --> 00:13:57,959 Speaker 2: have in my pocket. You know, he might be breaking 285 00:13:58,000 --> 00:14:01,000 Speaker 2: up with his girlfriend and going through so you know, 286 00:14:01,400 --> 00:14:01,800 Speaker 2: I'm good. 287 00:14:01,840 --> 00:14:04,959 Speaker 1: But if people want to bet that someone might be 288 00:14:05,040 --> 00:14:08,160 Speaker 1: familiar with that individual's porn surfing habits or something else 289 00:14:08,240 --> 00:14:10,880 Speaker 1: and threatened to reveal them to the world unless he 290 00:14:10,960 --> 00:14:13,800 Speaker 1: shaves that he misses that three point bucket on purpose. 291 00:14:15,600 --> 00:14:17,840 Speaker 2: But listen, people bet I get it. It should be 292 00:14:17,880 --> 00:14:20,400 Speaker 2: done legally. It should be done, you know, because a 293 00:14:20,400 --> 00:14:22,640 Speaker 2: lot of people will bet with the black market and 294 00:14:22,680 --> 00:14:26,280 Speaker 2: you have zero protections. And what happens is states go, okay, 295 00:14:26,320 --> 00:14:29,360 Speaker 2: we're going to allow this to allow sports betting, and 296 00:14:29,400 --> 00:14:31,360 Speaker 2: we're going to raise the taxes. We're going to have 297 00:14:31,400 --> 00:14:34,440 Speaker 2: a really high tax. Well, people are going to go 298 00:14:34,520 --> 00:14:36,440 Speaker 2: back to the black market. And we see that there's 299 00:14:36,480 --> 00:14:38,880 Speaker 2: a certain point. You know, right now, the average rate 300 00:14:39,120 --> 00:14:42,720 Speaker 2: is about fifteen percent on sports betting in the country, 301 00:14:42,960 --> 00:14:46,400 Speaker 2: right New York is fifty percent. Oh well, guess what. 302 00:14:46,480 --> 00:14:50,040 Speaker 2: They have a bigger black market now because it's so 303 00:14:50,200 --> 00:14:54,040 Speaker 2: expensive to bet. And that's what's happening, is that the 304 00:14:54,080 --> 00:14:56,120 Speaker 2: money is not getting to the local government, it's not 305 00:14:56,160 --> 00:14:58,880 Speaker 2: getting to the state government. Is that people aren't changing 306 00:14:58,920 --> 00:15:02,280 Speaker 2: their behavior. Well, they're changing behavior to the black market 307 00:15:02,320 --> 00:15:04,160 Speaker 2: and not legal sports betting. 308 00:15:04,320 --> 00:15:07,000 Speaker 1: And if my grandfather, the one who I didn't know, 309 00:15:07,040 --> 00:15:09,040 Speaker 1: my dad's father, passed away when my dad was eighteen, 310 00:15:09,600 --> 00:15:12,280 Speaker 1: he fed the family not because he owned a bar, 311 00:15:12,560 --> 00:15:14,880 Speaker 1: but because he was a book maker. Bar served as 312 00:15:14,920 --> 00:15:16,960 Speaker 1: a convenient place for people to go and place bets. 313 00:15:17,000 --> 00:15:19,000 Speaker 1: That would be the black market the days referring to. 314 00:15:19,040 --> 00:15:21,000 Speaker 1: So when they're taking fifty percent of whatever it is 315 00:15:21,000 --> 00:15:23,520 Speaker 1: you're betting is taxes, then you're going to go over 316 00:15:23,560 --> 00:15:27,760 Speaker 1: to my late grandfather Pat in place the bet with him. 317 00:15:28,160 --> 00:15:31,080 Speaker 2: Yeah, And that's why there's this sweet spot of taxation 318 00:15:31,520 --> 00:15:35,960 Speaker 2: right is where people will still engage in that activity legally. 319 00:15:36,320 --> 00:15:40,000 Speaker 2: And again, states are always pushing the limit. They're always 320 00:15:40,000 --> 00:15:42,600 Speaker 2: pushing the envelope and it's really a lazy way to 321 00:15:42,600 --> 00:15:44,880 Speaker 2: bring in revenue that doesn't bring in revenue. 322 00:15:44,960 --> 00:15:45,960 Speaker 3: This is the fool's gold. 323 00:15:45,960 --> 00:15:48,440 Speaker 2: And this is happening in Maryland where they just raised 324 00:15:48,440 --> 00:15:51,600 Speaker 2: the cannabis tax, the gaming tax, and lo and beholds. 325 00:15:51,600 --> 00:15:55,440 Speaker 2: Six months into their budget, the revenues are below so, 326 00:15:55,720 --> 00:15:57,560 Speaker 2: and I hate to use Maryland as an example, but 327 00:15:57,600 --> 00:15:59,520 Speaker 2: I have to because they want to bring in five 328 00:15:59,600 --> 00:16:02,680 Speaker 2: hundred million dollars this year in the new gaming tax. 329 00:16:03,600 --> 00:16:06,840 Speaker 2: They're projected to bring in one hundred million because of 330 00:16:06,960 --> 00:16:09,920 Speaker 2: the tax that they raise, of how much they raised it. 331 00:16:09,960 --> 00:16:13,160 Speaker 2: But this is across the country. Every state, there's always 332 00:16:13,160 --> 00:16:15,640 Speaker 2: that sweet spot, and once you go above it, you're 333 00:16:15,680 --> 00:16:17,280 Speaker 2: in trouble. I was going to say another word, but 334 00:16:17,280 --> 00:16:18,400 Speaker 2: I'll get fined by the sea. 335 00:16:18,520 --> 00:16:19,200 Speaker 3: No, that's okay. 336 00:16:19,920 --> 00:16:22,840 Speaker 1: Just ask all the people that fled California and New 337 00:16:22,920 --> 00:16:25,840 Speaker 1: York and other places for lower taxation. If you put 338 00:16:25,880 --> 00:16:28,520 Speaker 1: high taxes in the way, someone's going to look at 339 00:16:28,520 --> 00:16:29,960 Speaker 1: it and say, you know what, there's a better place 340 00:16:30,000 --> 00:16:33,520 Speaker 1: out there. Same thing with sports gambling. Interesting reality. Dave 341 00:16:33,520 --> 00:16:33,960 Speaker 1: Williams