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Speaker 1: X policy and perspective from DC's top names. There are

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Speaker 1: a lot of things that we can do without putting

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Speaker 1: boots on the ground. There then is a real question

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Speaker 1: to be asked, are we doing enough this year? We're

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Speaker 1: finally getting together again. Happy Happy Schomberg sewed on with

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Speaker 1: Joe Matthew on Bloomberg Radio. The war in Ukraine enters

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Speaker 1: a new phase as Russia intensifies the bombing. President Zelenski

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Speaker 1: says the battle for done Boss has begun. This submit

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Speaker 1: a new call from Capitol Hill to put American ground

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Speaker 1: troops on the table. Welcome to the fastest hour in

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Speaker 1: politics with the latest on the war and the U

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Speaker 1: S strategy ahead. Will be joined by Congressman John Katko,

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Speaker 1: Republican from New York, ranking member on the House Homeland

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Speaker 1: Security Committee. Analysis from the Sound On Signature Panel coming

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Speaker 1: off the weekend today with Bloomberg Politics contributors Jeanie Chanzano

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Speaker 1: and Rick Davis. The latest from Ukraine is not good

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Speaker 1: as Russia increases missile fire across the country. Moscow aims

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Speaker 1: it's hit hundreds of targets today, one of them in Leviv.

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Speaker 1: As you likely know by now, that's only about forty

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Speaker 1: miles forty three miles from Poland has become a base

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Speaker 1: for refugees, for government officials and for reporters. That's where

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Speaker 1: you see a lot of the folks on TV coming

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Speaker 1: from Levive as opposed to Kiev or some of the

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Speaker 1: other larger cities. Seven people were killed in this today,

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Speaker 1: the first fatalities in that city so far in this war. Well,

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Speaker 1: the Mario pol it appears to be just a matter

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Speaker 1: of time before the city falls to the Russians. The

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Speaker 1: Ukrainian forces left there and they have surprised us continuously

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Speaker 1: say they will not surrender. Enter Senator Chris Coons on

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Speaker 1: Easter Sunday morning, with visions of horrifying images in our heads,

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Speaker 1: accusations of war crimes, in genocide. The Democrat from Delaware,

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Speaker 1: who sits in the seat once held by Joe Biden,

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Speaker 1: a close ally of the president. Senate Foreign Relations Committee,

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Speaker 1: comes out with it what I personally thought was the

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Speaker 1: most under reported story of the weekend. Senator Coons tell

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Speaker 1: CBSS face the nation that we must start at least

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Speaker 1: talking about the possibility of American ground troops in Ukraine.

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Speaker 1: Here's how we put it. I deeply worried that what's

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Speaker 1: going to happen next is that we will see Ukraine

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Speaker 1: turn into Syria. The American people cannot turn away from

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Speaker 1: this tragedy in Ukraine. I think the history of the

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Speaker 1: century turns on how fiercely we defend freedom in Ukraine,

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Speaker 1: and that Putin will only stop when we stop him.

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Speaker 1: Putin will only stop when we stop him. It's not

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Speaker 1: the first time he's gone there. Coon's just never on

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Speaker 1: Sunday Morning TV, not on Easter Sunday. Reaction today from

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Speaker 1: the White House, just last hour, the Press Secretary Jen Saki, quote,

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Speaker 1: we respectfully disagree unquote. She said more than that, but

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Speaker 1: that's the heart of the statement. All this is President

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Speaker 1: Voladaimir Zelinski declares, quote the battle for dun Buss has begun, unquote.

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Speaker 1: And this is where we begin with Congressman John Katko,

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Speaker 1: Republican from New York, the ranking member on the House

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Speaker 1: Homeland Security Committee, who's back with us on Bloomberg Radio. Congressman,

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Speaker 1: welcome back. I'm looking forward to asking you about your

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Speaker 1: trip to the border last week, but I need to

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Speaker 1: start with Ukraine. Is the Senator correct that we need

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Speaker 1: to start having a conversation about American ground troops. Um,

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Speaker 1: thanks for having me on again. I appreciate being here.

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Speaker 1: And you know, I think it's premature. And I say

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Speaker 1: it's premature because we have to ask ourselves as a country,

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Speaker 1: are we doing everything we can to support Ukraine without

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Speaker 1: evolving US troops? And the answer is no, we're not.

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Speaker 1: It's taking too much time to get the aid there.

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Speaker 1: The President Biden waited till after the war started, essentially

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Speaker 1: to really provide the lethal aid that we've been clamoring

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Speaker 1: for for months prior to the invasion. And it's not

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Speaker 1: coming out in the way it should. And there's uh

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Speaker 1: we should do everything up to including up to providing

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Speaker 1: um uh US soldiers they're uh not not providing there,

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Speaker 1: but everything else we can do, we're not doing enough

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Speaker 1: of it yet. And when Zaliski gets on again in

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Speaker 1: the in and again says we need more and we

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Speaker 1: did there in that regard, shame on us as far

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Speaker 1: as I'm concerned. Well, there's a lot more on the

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Speaker 1: way and a lot of folks are asking a congressman

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Speaker 1: why we didn't do it earlier? Why weren't we staging

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Speaker 1: equipment in areas to make this easier? Weeks ago when

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Speaker 1: this begun. This began, well, that's right, I mean America's

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Speaker 1: America's UH, considered the greatest democracy in the world and

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Speaker 1: the greatest power in the world, and the greatest power

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Speaker 1: in the world, should have acted much quicker in getting

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Speaker 1: this aid to him. That's exactly my point. On the

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Speaker 1: Republican side. For six months or so prior to the

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Speaker 1: actual invasion, we were advocating to arm them now and

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Speaker 1: they didn't. And Zolensky said at the time, we'll take

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Speaker 1: the aid now that the invasion started, but it's probably

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Speaker 1: going to be too late, and that's a tragic thing.

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Speaker 1: This is said to be an important inflection point here,

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Speaker 1: as the president, the Zelenski said himself, the battle for

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Speaker 1: Dunbas has begun. Russia has been uh emasculated, we'll say,

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Speaker 1: in the outset of this invasion. Vladimir Putin has got

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Speaker 1: a point to prove, and they appear to be doing

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Speaker 1: that in the Dunbas region and in Marioople. If they

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Speaker 1: if they connect the dots there along the east and

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Speaker 1: to the south, does Russia continue, Congressman, moving through the country,

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Speaker 1: or do they call it a day at that point,

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Speaker 1: call it a win? Well, I think he is desperately

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Speaker 1: trying to have something about it by their big May

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Speaker 1: Day celebration where they that's their big celebration in May

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Speaker 1: where they have all the other troops and tanks and

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Speaker 1: weapons go through Red Square, and it's about about the

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Speaker 1: liberation of Russian World War two. He desperately wants to

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Speaker 1: have a victory. That he very well may cut his

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Speaker 1: losses at that point and take the Dumbas region and

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Speaker 1: call it a day. But what he has really, uh

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Speaker 1: firmly established is that Russia is now a pariah on

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Speaker 1: the world stage and that's not going to change. And

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Speaker 1: what he has firmly established that RNATO will be at

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Speaker 1: its strongest point since World War Two. So even if

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Speaker 1: he could claims victory and Dumbas and calls it a day,

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Speaker 1: it was an epic failure from Russia's part. It's a

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Speaker 1: gamble that was They's not gonna work. And I can't

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Speaker 1: say it enough. The more we can allow the Ukraine

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Speaker 1: to give him every weapon we can so they can

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Speaker 1: defend themselves, I think that they can defeat Russia, no

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Speaker 1: doubt about it. Well, that would be a remarkable David

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Speaker 1: and Goliath story. Here the fact of the matter is, Congressman,

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Speaker 1: as we get uh, more of these images and more

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Speaker 1: of these grizzly stories uh to two people like what

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Speaker 1: we saw in Bucca, what we've seen in Marioupal, the

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Speaker 1: pressure on you and on the President to do more

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Speaker 1: will only increase. Is it time to consider a new

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Speaker 1: use of force authorization in the House, Well, I don't

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Speaker 1: think it's at that point yet. Um. Like I said,

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Speaker 1: not to commit troops, by the way, and I don't

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Speaker 1: mean to keep asking you the same question, but to

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Speaker 1: maybe lay out the framework for troops or for instance,

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Speaker 1: some progressives think that you should write one that that

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Speaker 1: is explicit about the fact that troops will never be

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Speaker 1: committed to Ukraine. Oh, I don't think you can do that.

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Speaker 1: I mean, I think the President made a colossal er.

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Speaker 1: I was saying that up front to Russia because when

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Speaker 1: he said that before Russia went in, Russia knew it, and

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Speaker 1: and I was going that they were gonna have a

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Speaker 1: free pass if you will, that they weren't gonna have

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Speaker 1: any intervention. I don't think you ever take anything off

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Speaker 1: the table. And I think your to your point right now,

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Speaker 1: what is the red line? Let's establish a red line

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Speaker 1: and say they cross the redline, then game on. I

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Speaker 1: think we have to have that. We should have that

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Speaker 1: so all parties know and no party will be surprised.

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Speaker 1: So yeah, we should have that. But I'd like in

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Speaker 1: what By did at the beginning, it's like when I

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Speaker 1: do prosecute gang cases federally in cartels. Yeah, I would

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Speaker 1: never go to carteller a gang had of time and

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Speaker 1: saying that, I'm hey, guys, I want you to stop

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Speaker 1: what you're doing. I don't want you to do this,

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Speaker 1: but just so you know, even if you do it,

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Speaker 1: I'm not going to prosecute you. Because that's basically Biden

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Speaker 1: sent of Russia at the beginning. That's that's why I

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Speaker 1: rushed running with impunity. That was a class lier in judgment.

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Speaker 1: We are where we are now. You know your ranking

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Speaker 1: member on the Homeland Security Committee, and I know that

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Speaker 1: you're focused very closely, very concerned about the potential for

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Speaker 1: a cyber attack by Russia here in the US. You've

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Speaker 1: put out an alert along with the FBI and others

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Speaker 1: about reinforcing hardening our defenses. Are we better prepared for

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Speaker 1: that now than we were at the beginning of this war?

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Speaker 1: There's no question that people are are taking cybersecurity farmer

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Speaker 1: series than they were before this war began, and I'm

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Speaker 1: proud to say that Homeland Security has had a lot

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Speaker 1: to do with it. UM. I have a lot of

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Speaker 1: problems with the Biden administration. One of them is not

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Speaker 1: a Homeland Security cyber the cyber security preparedness. They've done

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Speaker 1: a superb job and they've got good people in the

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Speaker 1: leadership positions there. They have a thing called shields Up

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Speaker 1: at Homeland Security in the in the Cybersecurity Office, the

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Speaker 1: CIST office, they call it UM and UH, you can

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Speaker 1: go to Shields Up any entertain the United States and

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Speaker 1: an individual and you can get guidance on how to

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Speaker 1: make your system stronger. And what we've done with CISS

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Speaker 1: that the cybersecurity arm is to make sure that they're

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Speaker 1: working better than they ever have before with the private sector,

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Speaker 1: making sure the private cyber is as ready as possible,

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Speaker 1: especially the critical infrastructure subsets, to make sure the ready

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Speaker 1: is possible in case there is a cyber attack. And

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Speaker 1: I think we can we have to assume that there's

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Speaker 1: gonna be a cyber attack and then and have your

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Speaker 1: shields uprighted role. That's exactly what we're trying to do.

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Speaker 1: One thing I don't think you do approve of very much,

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Speaker 1: is the administration's policy when it comes to immigration. I

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Speaker 1: know you were along the border last week, Congressman. Title

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Speaker 1: forty two is about to go away unless something is done.

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Speaker 1: I know even some Democrats are urging the administration to

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Speaker 1: extend forty two. Is that the right move? Now? Are

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Speaker 1: you looking for a more comprehensive approach? Yeah? I don't

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Speaker 1: want to be a smart alect but they don't have

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Speaker 1: a policy with respect to the border, and they don't

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Speaker 1: have a plan with respect to the border other than

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Speaker 1: to say come on in they are. It is incredible

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Speaker 1: what they've been doing there. I started my career as

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Speaker 1: a federal prosecutor going after cartels and El Paso, and

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Speaker 1: I'm intimately anniliar with the border. I've never seen that

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Speaker 1: there's bad um. I went down again last week to

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Speaker 1: meet with all the border sharers from California to Texas,

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Speaker 1: and Democrats, Republicans didn't matter. They were uniformly uh adamant

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Speaker 1: that the Biden administration is destroying the integrity of the border.

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Speaker 1: And now if and when Title forty two is revoked,

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Speaker 1: that there will be they will lose operational control of

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Speaker 1: the border. That means they won't be able to stop

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Speaker 1: anything coming in because they're gonna be over completely overwhelmed.

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Speaker 1: And that to me is uh a stunning, stunning for

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Speaker 1: a nation at war here. If this is something that

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Speaker 1: that Democrats and Republicans want to handle, why not do

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Speaker 1: away with the COVID rule, the health Rule forty two

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Speaker 1: and put something new in place here to keep foreign

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Speaker 1: combatants out of the country. Well, they used to do that,

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Speaker 1: and we've been clamoring for them to do that. You know,

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Speaker 1: don't forget on January twenties when President Biden took over,

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Speaker 1: not only did he uh, he basically changed a complete

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Speaker 1: tone and tenor of border security. He revolked and remained

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Speaker 1: in Mexico policy. And he's fought with the courts ever

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Speaker 1: since to try and revoke it. Um and uh. Now

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Speaker 1: the title forty two is another one of the weapons

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Speaker 1: that they use. Can you extend through the deportations and

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Speaker 1: they can be extended of course, the campy, but it's

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Speaker 1: not going to be It's amazing to me when you

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Speaker 1: think about it. Um, you have to get on an airplane.

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Speaker 1: Other than that court ruling today and where I'm asked

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Speaker 1: because of our CDC is saying, but that CDC is saying, well,

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Speaker 1: the COVID is not as much of an issue at

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Speaker 1: the border, so we can't use title for you to him.

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Speaker 1: It's ridiculous. I appreciate your answering my questions. Congressman, we'd

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Speaker 1: like to stay in touch with you on all things

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Speaker 1: cyber and what you're up to as ranking member of

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Speaker 1: the Homeland Security Committee. That's Congressman John Katko of New York.

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Speaker 1: We assemble the panel next. I'm Joe Matthew This, he's Bloomberg.

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Speaker 1: You're listening to Bloomberg. You sound on with Joe Matthew

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Speaker 1: on Bloomberg Radio. Do you think Senator Coon's is telling

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Speaker 1: his friend President Biden the same thing he said on

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Speaker 1: Sunday Morning TV. But it's time to at least start

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Speaker 1: the conversation about possibly using American ground troops to stop

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Speaker 1: the horrors in Ukraine, to stop Putin if he did,

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Speaker 1: if he's telling the President that he's not getting very far.

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Speaker 1: White House Press Secretary Jansaki was asked about it today

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Speaker 1: just last hour. Here's what she said. What I would

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Speaker 1: say is one Senator Comb's is a close friend of

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Speaker 1: the presidents and the administration, and we just respectfully disagree

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Speaker 1: with his proposal. Um. The President continues to has no

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Speaker 1: plans to send troops to fight a war with Russia.

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Speaker 1: He doesn't think that's in our national security interests, in

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Speaker 1: the interests of the American people, And as you just heard,

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Speaker 1: Republican Congressman John Katko says, no, that's too far. Everything

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Speaker 1: short of that, yes, but let's assemble the panel and

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Speaker 1: get there. Take Bloomberg Politics contributors Jeanie Schanzano and Rick

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Speaker 1: Davis are with us. I'm glad to say Genie is

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Speaker 1: a Democrat. Are you surprised this is coming from your

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Speaker 1: side of the aisle, not to mention from the mild

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Speaker 1: mannered gentleman from Delaware. You know, I'm really not. You know,

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Speaker 1: I was struck as we heard today this you. The

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Speaker 1: Ukrainian Vatican ambassador released this letter from this marine for

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Speaker 1: Maraple where he said to the Pope in this very

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Speaker 1: very um, you know, heartbreaking letter, he said, this is

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Speaker 1: what hell on Earth looks like and we need more

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Speaker 1: than just prayers to save us. This is what people

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Speaker 1: like the Senator are hearing. And I'm sure to your point,

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Speaker 1: he's sharing that with the President. But I'm not at

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Speaker 1: all surprised that he is going on Easter Sunday on

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Speaker 1: TV and saying we need to have a discussion about

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Speaker 1: if and when we act. You know, he, you know,

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Speaker 1: the President has, as we've talked about, called this genocide

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Speaker 1: and war crimes. Well, at what point do you put

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Speaker 1: troops on the ground? I understand the reason for not

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Speaker 1: doing that, but a senator calling for discussions on that point,

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Speaker 1: Republican or Democrat, doesn't surprise me at all. Our Republicans

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Speaker 1: talking about this away from the cameras and microphones. Rick,

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Speaker 1: how come Chris Coons appears to be carrying this right now. Well,

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Speaker 1: other Republicans I think have been a little bit coy

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Speaker 1: about whether or not they would, you know, take up

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Speaker 1: the arms and put put boots on the ground. And

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Speaker 1: I think it was an extraordinary thing and frankly heavily underreported.

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Speaker 1: I'm glad you brought it up today because this is

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Speaker 1: a groundbreaking thing. It's not like John McCain talking about

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Speaker 1: putting boots on the ground. This is his friend, you know,

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Speaker 1: Chris Coons, who's a Democrat from Delaware sitting in the

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Speaker 1: president seat and and your point of you know, as

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Speaker 1: he talked to the president, well he did on Sunday,

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Speaker 1: and he did it through a television show. Um, we

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Speaker 1: don't know if he's had private conversations, but he sent

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Speaker 1: a missile over to the White House and it was

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Speaker 1: received obviously poorly by the press. Secretary's comments today, So

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Speaker 1: I think this is going to enter into a new dialogue. Look,

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Speaker 1: you know, we've we've had other wars that we called genocide,

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Speaker 1: you know, the Bosnian Wars, and we flew planes and bombed,

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Speaker 1: you know, troops that were performing genocide. But what's the difference. Well,

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Speaker 1: I guess the difference is what this could leads to

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Speaker 1: write a genie. This is supposed to be. You know,

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Speaker 1: we're never going to go to war with Russia. But

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Speaker 1: here we are at the eighteenth of April. Fast forward

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Speaker 1: a month, fast forward even for let's say it's May,

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Speaker 1: and this business is going on and we're seeing cities

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Speaker 1: crumble and hearing these horrifying stories. How long can the

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Speaker 1: administration resists the calls? What I am assuming that will

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Speaker 1: grow louder to add troops. It's gonna be very, very difficult,

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Speaker 1: And you know the difference is, of course that we're

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Speaker 1: talking about Russia, and you know, we are hearing over

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Speaker 1: and over from Zelenski and others that they may use

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Speaker 1: tactical nuclear weapons. And you know, you talked about cyber attacks.

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Speaker 1: That's one thing. But but you know, as the President

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Speaker 1: has said over and over, if we put boots on

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Speaker 1: the ground, we are at a war that is World

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Speaker 1: War three with Russia. So you know, that is the difference.

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Speaker 1: It's a huge difference. And of course the United States

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Speaker 1: should never enter any of these things, you know, in

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Speaker 1: this way alone. But but the discussion has got to

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Speaker 1: be had, and the President has got to be leading it.

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Speaker 1: And I would be very surprised if Chris Coon's went

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Speaker 1: out on Easter Sunday and said this without walking privately

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Speaker 1: to President Biden. Rick. We just keep hearing about how

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Speaker 1: how debilitated the Russian military is, how they're on their heels,

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Speaker 1: are vulnerable, they don't have the supplies to fix their

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Speaker 1: their their tanks there. They're not buying a new planes,

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Speaker 1: they're not building new missiles. Wouldn't this be the very

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Speaker 1: moment for America to show up. And I'm not saying

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Speaker 1: that this is what we should be doing, but this

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Speaker 1: would be the easiest fight we would probably be presented. Now,

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Speaker 1: look the fight that's on the ground now, which is

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Speaker 1: clearly different than what we were anticipating sixty days ago

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Speaker 1: when they were massing these troops on the border, and everybody,

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Speaker 1: the talking heads in Washington, We're all, oh, my god,

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Speaker 1: Kiev's gonna fall in five days. Well, you know, we're

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Speaker 1: moving into the sixtieth day, and and and they are

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Speaker 1: now severely constrained in their their strategy. It's no longer

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Speaker 1: to occupy the entire country, it's no longer for regime change.

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Speaker 1: It's to basically create a land bridge for UH their

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Speaker 1: ability to get facilities and supply UH into into that

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Speaker 1: part of Ukraine. So, um, the question now is do

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Speaker 1: we just do what we're doing, which is continuously resupply

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Speaker 1: and continue to give heavier and more lethal aid to

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Speaker 1: the Ukrainians and and and see they do the best

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Speaker 1: and give I mean, like the message that I'm hearing

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Speaker 1: is give up Mari Marapole to the Russians. And and

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Speaker 1: I don't think the Ukrainians want to do that. They've

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Speaker 1: had a lot of blood and treasure to try and

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Speaker 1: keep this from happening, and I think, you know, we

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Speaker 1: have to actually do uh, what isn't the best interest

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Speaker 1: in Ukraini And we have to listen to the Ukrainians

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Speaker 1: to know what that is. I asked the Congressman Genie

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Speaker 1: about this. Do you think that if if Putin gets

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Speaker 1: the done, Boss gets Mariople gets his land bridge to Crimea,

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Speaker 1: based on the massive losses he's taking, does he wrap

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Speaker 1: it up at that point? You know, it's so hard

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Speaker 1: to imagine what his could possibly be thinking. And I

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Speaker 1: think there is a thought that perhaps he will take

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Speaker 1: that and go, but you can't bank on that. And

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Speaker 1: there is a school thought that said, you know, as

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Speaker 1: this battle for don Buss has started, that it's going

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Speaker 1: to decide the future of year, of Europe and the world.

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Speaker 1: And so I wouldn't bank on him walking away if

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Speaker 1: and when he takes anything. Rick Davis Jeannie Chanzano our

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Speaker 1: signature panel on the Monday edition of Sound On. We're

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Speaker 1: just getting started here. As we turn as well, Rick

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Speaker 1: and Genie will be back to Tax Day Defile. We'll

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Speaker 1: talk to Laura Davison about it and the backlog that

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Speaker 1: is hanging over the I R S. It's next on

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Speaker 1: sound on this is Bloomberg. The backlog will last the

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Speaker 1: rest of the year. That worked. Recently from the Commissioner

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Speaker 1: of the i R S Charles Reddick told lawmakers in

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Speaker 1: a committee hearing in the House, tens of millions of

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Speaker 1: tax returns that we have talked about on this program

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Speaker 1: that have yet to be graced by an agent will

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Speaker 1: be clear by the end of twenty two. This is

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Speaker 1: what he said March eighteenth in that hearing as of today,

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Speaker 1: barring any unforeseen circumstances COVID, etcetera, etcetera. But if the

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Speaker 1: world stays as it is today, we will be what

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Speaker 1: we call healthy by the end of calendar year twenty

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Speaker 1: two and enter the twenty three filing season with normal inventories.

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Speaker 1: Healthy as through the eyes of the taxpayer. Can't imagine

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Speaker 1: any would refer to the agency as healthy. And on

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Speaker 1: this tax day, we wanted to get to this because first,

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Speaker 1: remember we were warned before that testimony, and we're warned

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Speaker 1: over the course of weeks from the White House, you

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Speaker 1: better file early file, early file, electronically, double check because

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Speaker 1: your return is gonna be late. They don't have the

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Speaker 1: people and they don't have the funding. But of course,

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Speaker 1: a lot has changed since then, and it's always a

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Speaker 1: pleasure to speak with Bloomberg Congress reporter Laura Davison, who

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Speaker 1: is our authority on issues of taxes. We've got the

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Speaker 1: headlines on salt today as well, so we wanted to

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Speaker 1: bring Laura onto Sound On and Laura, it's great to

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Speaker 1: have you here with us. Fascinating story from you on

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Speaker 1: the terminal. Taxpayers get crypto jolt and otherwise shockingly normal season.

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Speaker 1: I thought this was supposed to be the not normal

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Speaker 1: season once again. Yeah, that's how the season started out.

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Speaker 1: You know, the I R. S. Treasury Department, We're warning, hey,

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Speaker 1: this is going to be a really rough filing season.

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Speaker 1: You know, make sure that you're everything is is, you

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Speaker 1: have your jucks in a row and everything is accurate,

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Speaker 1: and you do it all electronically because the agency just

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Speaker 1: doesn't have the capacity to take on more paper right now. Um.

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Speaker 1: But it actually has turned out to be okay. They

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Speaker 1: were able to hire a lot more staff. Some of

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Speaker 1: that staff is still coming on board. Um. But they

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Speaker 1: didn't have any sort of big external factors that have

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Speaker 1: been the issues in the past couple of years. UH,

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Speaker 1: closures from the pandemic or even before the pandemic, there

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Speaker 1: was a government shutdown leading up to the filing season.

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Speaker 1: So some of the big dramatic things that have happened

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Speaker 1: didn't happen this year. And while things are still rough,

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Speaker 1: they still have you know, some paper returns that have

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Speaker 1: been sitting in bins around the agency for two years.

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Speaker 1: In some cases, uh things, there's at least an end

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Speaker 1: date on there where the commissioners as things will be

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Speaker 1: back to to normal. Right, So it sounds like we've

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Speaker 1: got two different buckets here. That backlog is still very real,

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Speaker 1: it exists. They're working through it, but it's not it's

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Speaker 1: not spilling over into this year's bucket. People are actually

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Speaker 1: going to get their returns on time. Is that right? Yes?

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Speaker 1: And so that I mean sort of yes with a

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Speaker 1: little asterisk. If you know, if people who filed you know, digitally,

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Speaker 1: you know, didn't send the agency paper they filed, uh,

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Speaker 1: they filed their returns electronically and they asked for the

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Speaker 1: money to come back to them through direct closet. Really,

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Speaker 1: they're seeing no problems um in terms of processing. It's

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Speaker 1: when they're need there's a problem. Either some data doesn't

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Speaker 1: match up with what the I r S thinks you

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Speaker 1: have and it needs to go to someone who has

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Speaker 1: to manually review it, or you know, if something was

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Speaker 1: filed on paper mailed in, that's where the delays you're

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Speaker 1: kicking in. Did the I R S wake up the

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Speaker 1: crypto this year? Yeah, this has really been something that's

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Speaker 1: been brewing at the agency for several years. But just

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Speaker 1: as crypto has exploded, uh, you know, in terms of

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Speaker 1: the people who are investing in it, they're really realizing

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Speaker 1: for the first time this year that the I R

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Speaker 1: S wants some information on this. They asked on the

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Speaker 1: tax return, everyone gets asked, you know, have you invested

428
00:22:02,600 --> 00:22:05,440
Speaker 1: in crypto? And all of these transactions need to be reported.

429
00:22:05,480 --> 00:22:06,879
Speaker 1: So this was a big surprise for a lot of

430
00:22:06,920 --> 00:22:09,560
Speaker 1: people who, uh, you know, maybe bought crypto over the

431
00:22:09,560 --> 00:22:12,400
Speaker 1: pandemic and maybe have traded a little bit and now

432
00:22:12,520 --> 00:22:14,399
Speaker 1: need to pay the I R S. And it's it

433
00:22:14,400 --> 00:22:16,800
Speaker 1: can be complicated, especially if you know you're you're filing

434
00:22:16,800 --> 00:22:19,000
Speaker 1: your taxes this past weekend and realize there's a bunch

435
00:22:19,040 --> 00:22:21,120
Speaker 1: of data you need to hand over. By the way,

436
00:22:21,160 --> 00:22:23,639
Speaker 1: Laura reporting this is from the I R S. The

437
00:22:23,720 --> 00:22:28,200
Speaker 1: average tax refund Are you getting a refund up ten

438
00:22:28,440 --> 00:22:34,040
Speaker 1: percent to three thousand, one seventy five dollars. So you

439
00:22:34,119 --> 00:22:36,160
Speaker 1: might want to talk to your accountant about why you

440
00:22:36,320 --> 00:22:41,240
Speaker 1: owe the I R S. How about this salt headline today, Laura,

441
00:22:41,320 --> 00:22:43,919
Speaker 1: We talked about this all throughout, Build Back Better. It

442
00:22:43,960 --> 00:22:47,639
Speaker 1: never happened. New York salt cap challenge rejected by Supreme Court.

443
00:22:47,920 --> 00:22:50,080
Speaker 1: What does that mean for the future of the cap

444
00:22:50,160 --> 00:22:53,520
Speaker 1: ten tho dollar cap, Well, it really means that the

445
00:22:53,600 --> 00:22:55,840
Speaker 1: courts aren't going to be able to turn over this

446
00:22:56,080 --> 00:22:58,360
Speaker 1: ten thousand dollar cap that was put into place back

447
00:22:58,359 --> 00:23:02,400
Speaker 1: in and the big wilkn tax law that year. However,

448
00:23:02,720 --> 00:23:06,880
Speaker 1: Congress is still at least contemplating doing something about salt um.

449
00:23:07,440 --> 00:23:09,560
Speaker 1: The question about, you know, having a more generous salt

450
00:23:09,560 --> 00:23:12,640
Speaker 1: deduction has been part of the conversations since Democrats really

451
00:23:12,640 --> 00:23:15,320
Speaker 1: started putting together that build back, Build Build Back Better

452
00:23:15,359 --> 00:23:18,400
Speaker 1: bill last year. Obviously that stalled in the Senate. Really

453
00:23:18,480 --> 00:23:21,200
Speaker 1: unclear if or how or when that moves forward, and

454
00:23:21,240 --> 00:23:23,280
Speaker 1: assault will be a part of that. But that's really

455
00:23:23,280 --> 00:23:25,399
Speaker 1: the last remaining chance for people who are hoping to

456
00:23:25,400 --> 00:23:27,000
Speaker 1: be able to write off more of their state and

457
00:23:27,080 --> 00:23:31,159
Speaker 1: local taxes. Everyone in New York New Jersey, Maryland washing

458
00:23:31,160 --> 00:23:36,440
Speaker 1: that closely, Josh Gottheimer take note right, Um. With regard

459
00:23:36,520 --> 00:23:38,320
Speaker 1: to the rest of this, it's you know, it's really

460
00:23:38,359 --> 00:23:42,960
Speaker 1: something the President has proposed not only taxing unrealized gains

461
00:23:43,000 --> 00:23:45,680
Speaker 1: that I don't think a lot of people took that seriously, uh,

462
00:23:45,760 --> 00:23:49,760
Speaker 1: Laura in his budget for next year, but also reiterated

463
00:23:49,800 --> 00:23:53,240
Speaker 1: proposals to increase the corporate tax rate and taxes on

464
00:23:53,920 --> 00:23:58,000
Speaker 1: higher income earners households. I believe over four thousand dollars

465
00:23:58,119 --> 00:23:59,960
Speaker 1: is all of this d o A in a mid

466
00:24:00,080 --> 00:24:04,639
Speaker 1: term election year. Well, Biden has two problems. Uh. And

467
00:24:04,680 --> 00:24:07,479
Speaker 1: when it comes to taxing unrealized gains, Joe Manchin has

468
00:24:07,480 --> 00:24:09,200
Speaker 1: said he's not cool with that, And when it comes

469
00:24:09,240 --> 00:24:12,040
Speaker 1: to higher rates, Kirsten Cinema has said she's not on

470
00:24:12,040 --> 00:24:15,760
Speaker 1: the board with that. That means those two ideas are out.

471
00:24:15,760 --> 00:24:17,920
Speaker 1: There's some other things that the president has proposed, dealing

472
00:24:17,920 --> 00:24:21,320
Speaker 1: with international taxation, doing more audits of the wealthy, having

473
00:24:21,359 --> 00:24:25,280
Speaker 1: a minimum tax for corporations. That does have the support, uh,

474
00:24:25,320 --> 00:24:28,320
Speaker 1: seemingly of all fifty senators. But some of those big

475
00:24:28,320 --> 00:24:30,919
Speaker 1: ideas that he's been talking about, uh, you know, looking

476
00:24:30,960 --> 00:24:33,239
Speaker 1: like that will be another problem for another day and

477
00:24:33,920 --> 00:24:36,359
Speaker 1: not something this year. So we get through next November,

478
00:24:36,480 --> 00:24:39,920
Speaker 1: we file taxes next spring. You and I are talking

479
00:24:39,960 --> 00:24:43,439
Speaker 1: about the same tax rates a year from today. That

480
00:24:43,720 --> 00:24:46,679
Speaker 1: is highly likely. You know, there may be some changes, uh,

481
00:24:46,680 --> 00:24:49,639
Speaker 1: and particularly you know for crypto, there will definitely be

482
00:24:49,680 --> 00:24:52,400
Speaker 1: some changes coming in next year of more reporting requirements

483
00:24:52,400 --> 00:24:54,720
Speaker 1: for folks. But in terms of you know, the top

484
00:24:54,800 --> 00:24:57,520
Speaker 1: rate which is right now at looking like that will

485
00:24:57,560 --> 00:25:01,040
Speaker 1: be the same next year. It great conversation as ever

486
00:25:01,080 --> 00:25:03,560
Speaker 1: with Laura Davison. Thank you so much. Laura Bloomberg, Congress

487
00:25:03,600 --> 00:25:07,160
Speaker 1: reporter with us here on Bloomberg. Sound on and I'll

488
00:25:07,200 --> 00:25:09,879
Speaker 1: point you to her story taxpayers get crypto jolt and

489
00:25:09,920 --> 00:25:14,880
Speaker 1: otherwise shockingly normal season. Were you surprised to see that return? Three?

490
00:25:14,920 --> 00:25:22,240
Speaker 1: Thus basically up nine poe from last year. Teach you

491
00:25:22,320 --> 00:25:24,920
Speaker 1: to buy in trade crypto. Will assemble the panel next

492
00:25:24,920 --> 00:25:27,240
Speaker 1: and talk about it with Rick and Genie Bloomberg Politics

493
00:25:27,280 --> 00:25:30,800
Speaker 1: contributors Genie Chantano and Rick Davis. On the day the

494
00:25:30,960 --> 00:25:35,120
Speaker 1: mask mandate is also struck down. Are you flying anytime soon?

495
00:25:35,960 --> 00:25:38,000
Speaker 1: We'll talk to the panel about what it means for

496
00:25:38,080 --> 00:25:44,120
Speaker 1: this administration. Right here on Bloomberg, You're listening to Bloomberg

497
00:25:44,160 --> 00:25:50,160
Speaker 1: You sound on with Joe Matthew on Bloomberg Radio. As

498
00:25:50,200 --> 00:25:53,520
Speaker 1: we reassemble the panel on this tax day, reading on

499
00:25:53,560 --> 00:25:57,080
Speaker 1: the terminal, the backlog of paper returns at the i

500
00:25:57,320 --> 00:26:00,440
Speaker 1: r S hit a high water mark of twin four

501
00:26:00,480 --> 00:26:04,440
Speaker 1: million this year, as you heard a moment ago from

502
00:26:04,440 --> 00:26:06,199
Speaker 1: the i r S Commissioner. They'll have that down to

503
00:26:06,200 --> 00:26:08,840
Speaker 1: what they consider normal, less than a million by the

504
00:26:08,920 --> 00:26:10,040
Speaker 1: end of the year. And of course you know what

505
00:26:10,119 --> 00:26:13,280
Speaker 1: that means, as Lord Davison writes, the i r S

506
00:26:13,320 --> 00:26:14,960
Speaker 1: will then be in a better physician to step up

507
00:26:14,960 --> 00:26:20,240
Speaker 1: audits of the wealthy, as advocated by progressive Democratic lawmakers.

508
00:26:21,040 --> 00:26:24,440
Speaker 1: We reassemble the panel with Bloomberg Politics contributors Rick Davis

509
00:26:24,480 --> 00:26:26,879
Speaker 1: and Jeannie Chanzino. They're going to get that money from

510
00:26:26,920 --> 00:26:30,119
Speaker 1: the wealthy one way or the other. Here it seems

511
00:26:30,160 --> 00:26:31,919
Speaker 1: like Rick, but a lot of the proposals that we

512
00:26:31,960 --> 00:26:35,640
Speaker 1: have heard about over the past gosh, even just six

513
00:26:35,720 --> 00:26:38,080
Speaker 1: to nine months, when you think of the infrastructure law,

514
00:26:38,119 --> 00:26:40,400
Speaker 1: when you think of build back better, when you think

515
00:26:40,400 --> 00:26:44,080
Speaker 1: of the budget just dropped, repeated attempts by this president

516
00:26:44,119 --> 00:26:48,200
Speaker 1: to make good on campaign promises to get more tax

517
00:26:48,240 --> 00:26:50,400
Speaker 1: money out of the wealthy and to increase the corporate

518
00:26:50,440 --> 00:26:53,440
Speaker 1: tax rate have fallen flat so far. How come? Well,

519
00:26:53,480 --> 00:26:55,480
Speaker 1: I think one thing is there are many Democrats, and

520
00:26:55,520 --> 00:26:58,439
Speaker 1: I think christ Cinema is one who actually believes that

521
00:26:58,480 --> 00:27:02,680
Speaker 1: the Trump tax cuts from his last term help the economy.

522
00:27:02,720 --> 00:27:04,680
Speaker 1: And so why would they want to pile on new

523
00:27:04,680 --> 00:27:06,760
Speaker 1: tax cuts at a time when the economy is fragile.

524
00:27:07,200 --> 00:27:09,520
Speaker 1: And so when you've got people in your own party

525
00:27:09,560 --> 00:27:11,879
Speaker 1: thinking that way, you're probably not going to get a

526
00:27:11,920 --> 00:27:15,320
Speaker 1: long way through a big tax increase. And as you

527
00:27:15,359 --> 00:27:19,000
Speaker 1: point out to Laura, especially not during an election year.

528
00:27:20,840 --> 00:27:23,439
Speaker 1: You think it would be good politics, Genie, Joe Biden

529
00:27:23,480 --> 00:27:25,640
Speaker 1: goes out there and hold an event talk about making

530
00:27:25,680 --> 00:27:27,560
Speaker 1: the I R S healthy again. But the world just

531
00:27:27,640 --> 00:27:30,800
Speaker 1: doesn't work that way, doesn't. It doesn't. And you know,

532
00:27:31,560 --> 00:27:33,879
Speaker 1: I'm listening to this backlog and as the I R

533
00:27:33,960 --> 00:27:37,560
Speaker 1: S Commissioner is talking um and you know this is

534
00:27:37,640 --> 00:27:41,920
Speaker 1: just so Congress's attempts to clean up the I R

535
00:27:42,160 --> 00:27:45,160
Speaker 1: S and then of course the President's attempts to make

536
00:27:45,200 --> 00:27:48,480
Speaker 1: the wealthy pay they've all fell flat. As Rick just

537
00:27:48,520 --> 00:27:50,199
Speaker 1: said and you were talking about with Laura, They're not

538
00:27:50,240 --> 00:27:53,200
Speaker 1: going to get done this year, and yet we look

539
00:27:53,240 --> 00:27:55,679
Speaker 1: at everything that needs to happen in this country, just

540
00:27:55,760 --> 00:27:59,000
Speaker 1: starting with infrastructure and moving forward, you've got to have

541
00:27:59,040 --> 00:28:01,240
Speaker 1: a way to pay for those things. So there is

542
00:28:01,280 --> 00:28:03,679
Speaker 1: going to be a stalemate. And I love how the

543
00:28:03,680 --> 00:28:07,240
Speaker 1: Commissioner said, you know, provided everything is healthy, etcetera, etcetera.

544
00:28:07,320 --> 00:28:10,000
Speaker 1: I mean that etcetera just hung in my ear because

545
00:28:10,560 --> 00:28:14,720
Speaker 1: I'm not holding my breath on any of this. Outgoing Commissioner.

546
00:28:14,760 --> 00:28:17,440
Speaker 1: By the way, I need to ask you both about

547
00:28:17,440 --> 00:28:20,439
Speaker 1: the mask mandate. This was a screamer a redhead. Earlier

548
00:28:20,520 --> 00:28:24,520
Speaker 1: in the day, mass mandate for US planes trains voided

549
00:28:25,400 --> 00:28:28,800
Speaker 1: by federal judge. This came from a court in Florida,

550
00:28:28,840 --> 00:28:32,320
Speaker 1: a Trump appointed judge, dealing a blow to Biden administration efforts.

551
00:28:32,320 --> 00:28:35,959
Speaker 1: As I read, wearing a mask cleans nothing, judge writes

552
00:28:36,080 --> 00:28:38,920
Speaker 1: of US position, We've done some great reporting if you

553
00:28:38,920 --> 00:28:42,600
Speaker 1: want to read the background on this case, UH District

554
00:28:42,760 --> 00:28:45,600
Speaker 1: judge in Tampa making this ruling. It was brought up

555
00:28:45,760 --> 00:28:49,640
Speaker 1: first question, as you would predict at today's White House briefing.

556
00:28:49,640 --> 00:28:53,719
Speaker 1: Here's how Press Secretary Jensaki reacted for the administration. So

557
00:28:53,800 --> 00:28:57,800
Speaker 1: this is obviously a disappointing decision. The CDC continues recommending

558
00:28:57,960 --> 00:29:00,560
Speaker 1: wearing a mask in public transit. As you know, this

559
00:29:00,680 --> 00:29:02,920
Speaker 1: just came out this afternoon. So right now the Department

560
00:29:02,960 --> 00:29:06,080
Speaker 1: of Homeland Security, who would be implementing, and the CDC

561
00:29:06,240 --> 00:29:08,440
Speaker 1: are reviewing the decision, and of course the Department of

562
00:29:08,480 --> 00:29:12,560
Speaker 1: Justice would make any determinations about litigation, so that that

563
00:29:12,640 --> 00:29:15,760
Speaker 1: review is it's very important here. We don't know. It's

564
00:29:15,760 --> 00:29:18,080
Speaker 1: not like the masks are coming off right now. There's

565
00:29:18,120 --> 00:29:20,560
Speaker 1: got to be another leg to this story here. The

566
00:29:20,680 --> 00:29:23,400
Speaker 1: first thing I wondered is what the flight attendants thought

567
00:29:23,400 --> 00:29:26,600
Speaker 1: of this. Remember we had Sarah Nelson on Gosh, it

568
00:29:26,640 --> 00:29:28,840
Speaker 1: was a good week a month or two ago, president

569
00:29:28,840 --> 00:29:32,800
Speaker 1: of the Association of Flight Attendants, the biggest union representing

570
00:29:32,800 --> 00:29:36,720
Speaker 1: those workers. Testified about safety, testified about payroll protection and

571
00:29:36,760 --> 00:29:39,200
Speaker 1: a number of issues on Capitol Hill and talk to

572
00:29:39,280 --> 00:29:42,240
Speaker 1: us passionately about the hell they're going through, you know,

573
00:29:42,280 --> 00:29:47,520
Speaker 1: with assaults and just the lack of any normal behavior

574
00:29:47,600 --> 00:29:50,560
Speaker 1: on airliners, and it frequently comes down to masks, and

575
00:29:50,600 --> 00:29:55,760
Speaker 1: it's usually people intoxicated. Statement from Sarah Nelson quote, immediately

576
00:29:55,800 --> 00:29:59,120
Speaker 1: wearge calm and consistency in the airports and on planes.

577
00:30:00,160 --> 00:30:02,320
Speaker 1: The last thing we need for workers on the front

578
00:30:02,320 --> 00:30:08,480
Speaker 1: lines or passengers traveling today is confusion and chaos. Rick,

579
00:30:08,520 --> 00:30:12,000
Speaker 1: this doesn't sound good. How are they going to implement this?

580
00:30:12,080 --> 00:30:13,920
Speaker 1: And by by the way, if you bring this down,

581
00:30:13,960 --> 00:30:16,880
Speaker 1: you're never putting it back on. Right. Well, I I

582
00:30:16,960 --> 00:30:19,520
Speaker 1: think that's right. I think we've already seen mass mandates

583
00:30:19,560 --> 00:30:21,920
Speaker 1: fall at the state level, and it's highly unlikely they're

584
00:30:21,920 --> 00:30:24,720
Speaker 1: gonna be put back in. Uh. We we were blessed

585
00:30:24,760 --> 00:30:27,000
Speaker 1: by not having a big surge right now, so this

586
00:30:27,080 --> 00:30:30,719
Speaker 1: debate is less toxic from a healthcare perspective than it

587
00:30:30,800 --> 00:30:33,880
Speaker 1: might otherwise be. But look the CDC extension on the

588
00:30:33,920 --> 00:30:36,040
Speaker 1: mass man, it only goes to May three. We're ten,

589
00:30:36,160 --> 00:30:39,040
Speaker 1: we're two weeks away. Um, I think everybody needs to

590
00:30:39,080 --> 00:30:41,479
Speaker 1: take a deep breath. If if, if not having a

591
00:30:41,480 --> 00:30:44,840
Speaker 1: mask on is your preference, and and it makes you

592
00:30:44,920 --> 00:30:47,560
Speaker 1: calmer on an airplane, I'm for calm right now. I'd

593
00:30:47,560 --> 00:30:51,400
Speaker 1: trade that for a little extra exposure. I'm still gonna

594
00:30:51,440 --> 00:30:53,680
Speaker 1: wear a mask on an airplane because I think all

595
00:30:53,760 --> 00:30:55,800
Speaker 1: these other people might have germs. Anyway. I don't want

596
00:30:55,800 --> 00:30:57,680
Speaker 1: to get a cold. I don't want to get the flu.

597
00:30:58,720 --> 00:31:00,600
Speaker 1: There's a lot to be said for Genie that I

598
00:31:00,680 --> 00:31:06,120
Speaker 1: think that my concern is this this sort of temporary confusion.

599
00:31:06,120 --> 00:31:08,520
Speaker 1: People are going to see that headline and you know

600
00:31:08,560 --> 00:31:10,400
Speaker 1: that's that's just the word they were waiting for to

601
00:31:10,480 --> 00:31:12,960
Speaker 1: rip off the mass and maybe experts agree that's the

602
00:31:13,080 --> 00:31:15,960
Speaker 1: right thing to do. But before there's an official UH

603
00:31:16,040 --> 00:31:18,760
Speaker 1: policy on this, it's gonna be tough on flight attendants,

604
00:31:18,800 --> 00:31:22,560
Speaker 1: on on any airline crew dealing with reality. That's right.

605
00:31:22,600 --> 00:31:23,920
Speaker 1: You know. One of the things in the wake of

606
00:31:23,960 --> 00:31:27,280
Speaker 1: this New York City subway shooting that that occurred last

607
00:31:27,320 --> 00:31:30,320
Speaker 1: week has been the MTA workers speaking out, just like

608
00:31:30,360 --> 00:31:34,840
Speaker 1: the flight attendants, about the amount of turmoil, chaos, frustration

609
00:31:34,920 --> 00:31:37,560
Speaker 1: that people writing the subways feel a lot of that

610
00:31:37,720 --> 00:31:40,800
Speaker 1: coming from mask mandate tonight. I was thinking while I

611
00:31:40,840 --> 00:31:43,080
Speaker 1: was reading this that, of course they're going to be

612
00:31:43,160 --> 00:31:45,600
Speaker 1: dealing with that on top of everything, just like the

613
00:31:45,640 --> 00:31:48,400
Speaker 1: flight attendant said. You know, one of the interest things

614
00:31:48,440 --> 00:31:50,960
Speaker 1: that things about this decision is is the judge said,

615
00:31:51,200 --> 00:31:54,719
Speaker 1: it's indisputable the public has a strong interest in combating

616
00:31:54,760 --> 00:31:59,600
Speaker 1: the spread of COVID nineteen. But because this wasn't executed

617
00:31:59,640 --> 00:32:03,520
Speaker 1: a core too proper rules, it's going to be rescinded,

618
00:32:03,760 --> 00:32:06,959
Speaker 1: and so that I think is inviting a challenge by

619
00:32:07,000 --> 00:32:09,800
Speaker 1: the Justice Department. It's it's hard, you know, we don't

620
00:32:09,800 --> 00:32:12,280
Speaker 1: know if if they will do that. But in the meantime,

621
00:32:12,440 --> 00:32:16,200
Speaker 1: chaos will rain while people wait and are frustrated by

622
00:32:16,200 --> 00:32:18,920
Speaker 1: being told by somebody that they have to wear a mask,

623
00:32:19,200 --> 00:32:22,480
Speaker 1: knowing this decision has been made. You mentioned the subway.

624
00:32:22,480 --> 00:32:26,240
Speaker 1: You're right. The spokesman for the m T A. Tim

625
00:32:26,240 --> 00:32:29,120
Speaker 1: Mittens name you Ferdimont Bloomberg. We are continuing to follow

626
00:32:29,160 --> 00:32:33,640
Speaker 1: CDC guidelines and we'll review the Florida court order. It's

627
00:32:33,640 --> 00:32:36,120
Speaker 1: gonna be a couple of days, maybe longer, Rick, before

628
00:32:36,120 --> 00:32:39,000
Speaker 1: we figure this out. Yeah, I think there will be turmoil.

629
00:32:39,080 --> 00:32:42,640
Speaker 1: I mean, I it's very understandable what the traveling public

630
00:32:42,720 --> 00:32:45,440
Speaker 1: is going through and what those who facilitate that travel

631
00:32:45,520 --> 00:32:47,360
Speaker 1: have to deal with now. But at the end of

632
00:32:47,400 --> 00:32:50,719
Speaker 1: the day, I think you're really talking about seeing the

633
00:32:50,840 --> 00:32:54,400
Speaker 1: end of this mass mandate. Clearly some industries, I think

634
00:32:54,920 --> 00:32:58,280
Speaker 1: the theater District has imposed a mass mandate to the

635
00:32:58,400 --> 00:33:00,840
Speaker 1: end of May. Some end of streets will say for

636
00:33:00,880 --> 00:33:02,959
Speaker 1: the health and safety of our people, we're gonna do this,

637
00:33:03,000 --> 00:33:05,840
Speaker 1: and on an ad hoc basis. That's fine. I do

638
00:33:05,920 --> 00:33:08,360
Speaker 1: think this is another example of the CDC sort of

639
00:33:08,400 --> 00:33:11,040
Speaker 1: being behind the curve, right. I mean, when they extended

640
00:33:11,040 --> 00:33:15,280
Speaker 1: their mass mandate nationally for all public transport to May three,

641
00:33:15,600 --> 00:33:18,120
Speaker 1: they should be revisiting that on a weekly basis. They

642
00:33:18,160 --> 00:33:21,760
Speaker 1: should take into consideration changes in different places around the

643
00:33:21,800 --> 00:33:25,800
Speaker 1: country and um, so much of this was done based

644
00:33:25,840 --> 00:33:29,040
Speaker 1: on foreign travelers coming into the United States, and those

645
00:33:29,280 --> 00:33:32,840
Speaker 1: those mandates, those testing requirements can stay in place, but

646
00:33:32,960 --> 00:33:36,160
Speaker 1: for domestic travel within the United States. I just think

647
00:33:36,200 --> 00:33:39,200
Speaker 1: that the CDC has been consistently behind the curve. The

648
00:33:39,280 --> 00:33:43,560
Speaker 1: rational by the judge the ruling is is fascinating. Judge

649
00:33:43,640 --> 00:33:48,080
Speaker 1: Katherine Kimball Mizzle again, this is Tampa, Florida and appoint

650
00:33:48,120 --> 00:33:52,080
Speaker 1: to a former President Trump, ruled the CDC had incorrectly

651
00:33:52,200 --> 00:33:56,520
Speaker 1: described the mask mandate as a form of sanitation to

652
00:33:56,640 --> 00:33:59,440
Speaker 1: justify its authority in the matter quill wearing a mask

653
00:33:59,480 --> 00:34:03,920
Speaker 1: cleans think Miss l wrote, at most it traps virus droplets,

654
00:34:03,920 --> 00:34:07,080
Speaker 1: but it neither sanitizes the person wearing the mask or

655
00:34:07,200 --> 00:34:10,879
Speaker 1: sanitizes the conveyance. Genie. This comes down to semantics. Then

656
00:34:11,640 --> 00:34:13,560
Speaker 1: it does to a certain extent. And she also again

657
00:34:13,600 --> 00:34:17,200
Speaker 1: said we have a strong public interest in combating the spread,

658
00:34:17,360 --> 00:34:20,239
Speaker 1: and that she said that is indisputable, and that's why

659
00:34:20,280 --> 00:34:22,840
Speaker 1: they issued the mandate. You know, let's not forget the

660
00:34:22,880 --> 00:34:26,080
Speaker 1: politics of this. She's nominated by Trump, she has given

661
00:34:26,080 --> 00:34:28,920
Speaker 1: a not qualified rating, which is fairly rare by the A,

662
00:34:29,040 --> 00:34:32,439
Speaker 1: B A. And yet she assumes the bench. And so

663
00:34:32,680 --> 00:34:35,239
Speaker 1: as you watch this this come down, there's been a

664
00:34:35,239 --> 00:34:38,880
Speaker 1: lot of discussion and social media about the politics surrounding this.

665
00:34:38,960 --> 00:34:40,960
Speaker 1: And of course you mentioned she's sitting in a bench

666
00:34:41,000 --> 00:34:44,839
Speaker 1: in Florida. Rick, If the CDC has been behind on this,

667
00:34:45,520 --> 00:34:49,200
Speaker 1: what does that say about President Biden, who walked confidently

668
00:34:49,239 --> 00:34:51,080
Speaker 1: into the House chamber for the State of the Union

669
00:34:51,080 --> 00:34:53,600
Speaker 1: address without wearing a mask weeks ago. Yeah. I mean,

670
00:34:53,680 --> 00:34:57,759
Speaker 1: it's just Congress dropped their mass mandate. Um. And and

671
00:34:57,760 --> 00:34:59,680
Speaker 1: this is kind of my point, is that when you

672
00:34:59,719 --> 00:35:02,040
Speaker 1: see the leaders of our country saying it's safe for

673
00:35:02,160 --> 00:35:05,000
Speaker 1: us to assemble in a chamber of you know, uh,

674
00:35:05,080 --> 00:35:08,160
Speaker 1: four or five people, Um, but we can't do that

675
00:35:08,200 --> 00:35:11,759
Speaker 1: in an airport. We can't actually do that in a train, uh,

676
00:35:11,880 --> 00:35:15,799
Speaker 1: public transportation anywhere without a mass So look, I mean

677
00:35:15,840 --> 00:35:17,719
Speaker 1: one of the other things that this mandate has done,

678
00:35:17,800 --> 00:35:21,720
Speaker 1: is it's put onto transport workers the requirement to detain

679
00:35:21,920 --> 00:35:24,720
Speaker 1: and quarantine people. They've never had to do that before.

680
00:35:25,200 --> 00:35:26,680
Speaker 1: You know, if you're not wearing a mass is part

681
00:35:26,680 --> 00:35:29,560
Speaker 1: of the travelers dilemma, right, You're what are you gonna do.

682
00:35:29,920 --> 00:35:32,640
Speaker 1: You're gonna be quarantined on the plane, or you're gonna

683
00:35:32,680 --> 00:35:35,120
Speaker 1: be kicked off. You're gonna be you know, told not

684
00:35:35,160 --> 00:35:38,160
Speaker 1: to ride the subway if if you're not willing to

685
00:35:38,200 --> 00:35:40,359
Speaker 1: take a mask on. And and that's a job that

686
00:35:40,440 --> 00:35:43,799
Speaker 1: they were not paid for, not equipped to do, and

687
00:35:43,880 --> 00:35:46,440
Speaker 1: probably not that well trained to handle. They've had to

688
00:35:46,480 --> 00:35:48,319
Speaker 1: figure it out on their own. And I think that's

689
00:35:48,719 --> 00:35:52,799
Speaker 1: too much to put on too people who are you know,

690
00:35:53,000 --> 00:35:55,640
Speaker 1: really there to serve the public, not to not to

691
00:35:55,719 --> 00:35:58,600
Speaker 1: detain them. Yeah, it's a nightmare. And as somebody who's

692
00:35:58,600 --> 00:36:01,560
Speaker 1: been on planes internationally as well and trains in the

693
00:36:01,640 --> 00:36:06,719
Speaker 1: last week, the trains, Genie, we're actually enforcing the mask

694
00:36:06,800 --> 00:36:10,240
Speaker 1: mandate more aggressively than the airplanes were, which I found interesting.

695
00:36:10,280 --> 00:36:13,480
Speaker 1: That's just one person's experience. But Amtrak has not been

696
00:36:13,480 --> 00:36:15,960
Speaker 1: messing around on this. Is there any chance, But I know,

697
00:36:16,040 --> 00:36:18,520
Speaker 1: I think all the airlines were counted as wanting to

698
00:36:18,560 --> 00:36:21,359
Speaker 1: do away with the mandate. But is this a business opportunity?

699
00:36:21,480 --> 00:36:23,799
Speaker 1: What if it's the all masking airline? It's there called

700
00:36:23,800 --> 00:36:26,400
Speaker 1: to do it, right, Genie, they could do it, and

701
00:36:26,440 --> 00:36:28,480
Speaker 1: I too was on an amtrack and they are very

702
00:36:28,520 --> 00:36:31,839
Speaker 1: serious about the mask mandate. So yeah, I mean, we'll

703
00:36:31,840 --> 00:36:34,120
Speaker 1: see if it's a business proposition, if they can make

704
00:36:34,160 --> 00:36:36,400
Speaker 1: some money. You know, there is a group of people

705
00:36:36,440 --> 00:36:39,359
Speaker 1: who in this country who really want people masked. So

706
00:36:39,719 --> 00:36:42,400
Speaker 1: maybe we see something like I don't know, those grocery

707
00:36:42,400 --> 00:36:44,920
Speaker 1: stores that open at five for you know, people that

708
00:36:45,040 --> 00:36:49,719
Speaker 1: our seniors. We'll see an ability is all masks only. Rick,

709
00:36:49,760 --> 00:36:54,760
Speaker 1: would you invest in that airline? Uh no, Rick Davis,

710
00:36:55,280 --> 00:36:59,520
Speaker 1: Gen Chanzano, The mess are coming down the fastest hour

711
00:36:59,560 --> 00:37:01,520
Speaker 1: in Paul thinks I can barely keep up with it.

712
00:37:02,560 --> 00:37:04,480
Speaker 1: I'm glad you were here with us. We'll meet you

713
00:37:04,480 --> 00:37:06,640
Speaker 1: back here tomorrow at the same time, even earlier. I'll

714
00:37:06,640 --> 00:37:09,279
Speaker 1: see on surveillance with Tom Keen and company. This is

715
00:37:09,320 --> 00:37:09,880
Speaker 1: Bloomberg