1 00:00:00,120 --> 00:00:03,360 Speaker 1: Welcome to today's edition of The Clay, Travis and Buck 2 00:00:03,400 --> 00:00:07,039 Speaker 1: Sexton Show podcast. It is no secret I served in Congress, 3 00:00:07,600 --> 00:00:10,000 Speaker 1: although it seemed like one of the time. I don't know. 4 00:00:10,280 --> 00:00:13,240 Speaker 1: You gotta give my critics their due, though. Let's be honest, folks. 5 00:00:13,720 --> 00:00:16,120 Speaker 1: You all were told that if you voted for me 6 00:00:16,280 --> 00:00:19,439 Speaker 1: for Congress or for the US Senate in Minnesota, why 7 00:00:19,520 --> 00:00:22,520 Speaker 1: we'd have a recession, we'd be in another war, We'd 8 00:00:22,560 --> 00:00:25,520 Speaker 1: have inflation in the country would go to hell. Other 9 00:00:25,520 --> 00:00:27,720 Speaker 1: critics were right, you all voted for me, and all 10 00:00:27,720 --> 00:00:31,320 Speaker 1: those things happened. I'm confused. It's to welcome once again. 11 00:00:31,560 --> 00:00:34,480 Speaker 1: It is a frosty Farriday on the Clay and Buck Show, 12 00:00:34,479 --> 00:00:37,400 Speaker 1: and I could not be happier to be sitting in 13 00:00:37,520 --> 00:00:40,080 Speaker 1: for the dynamic duo. I am the talk show host 14 00:00:40,080 --> 00:00:43,040 Speaker 1: formerly known as Congressman Jason Lewis, back at it for 15 00:00:43,080 --> 00:00:45,720 Speaker 1: a second day in a row. How about that? Getting 16 00:00:45,720 --> 00:00:47,880 Speaker 1: ready for the big weekend. We've got lots of news 17 00:00:47,920 --> 00:00:50,120 Speaker 1: to get over or to go over today and some 18 00:00:50,240 --> 00:00:53,560 Speaker 1: to get over, especially if you're trying to travel, if 19 00:00:53,560 --> 00:00:57,200 Speaker 1: you're trying to get out of Buffalo or survive in Buffalo. 20 00:00:57,640 --> 00:01:02,480 Speaker 1: You know, it's interesting about the Southwest Airline debacle. It 21 00:01:02,760 --> 00:01:06,280 Speaker 1: is true that they've had some technological glitches that led 22 00:01:06,319 --> 00:01:08,720 Speaker 1: to much of this, there's no question about that. But 23 00:01:08,760 --> 00:01:12,520 Speaker 1: it is also true that post pandemic, there has been 24 00:01:12,560 --> 00:01:15,640 Speaker 1: a corporate as we talked about yesterday, a little bit 25 00:01:16,040 --> 00:01:21,120 Speaker 1: a corporate cutting of unprecedented proportions. That is, we've got 26 00:01:21,160 --> 00:01:24,560 Speaker 1: a pilot shortage, we've got staff shortages because we're paying 27 00:01:24,600 --> 00:01:29,280 Speaker 1: people not to work. When you combine, for instance, healthcare subsidies, 28 00:01:29,280 --> 00:01:33,800 Speaker 1: the ACA exchanges with supplemental unemployment insurance of six hundred 29 00:01:33,840 --> 00:01:37,240 Speaker 1: dollars a week, that was the rule for many many 30 00:01:37,280 --> 00:01:40,399 Speaker 1: many question say years, but for during the COVID era, 31 00:01:40,840 --> 00:01:44,640 Speaker 1: when you combine generous welfare states like New York and California, 32 00:01:44,640 --> 00:01:47,920 Speaker 1: in Minnesota, in Massachusetts, it simply doesn't pay to work, 33 00:01:47,960 --> 00:01:51,040 Speaker 1: and people are not working. In fact, our unemployment rate 34 00:01:51,080 --> 00:01:53,880 Speaker 1: is dropping, but we actually have fewer people working now 35 00:01:53,920 --> 00:01:58,240 Speaker 1: than before the pandemic. The labor force participation rate, which 36 00:01:58,280 --> 00:02:01,600 Speaker 1: is the true measure of how productive people are, how 37 00:02:01,600 --> 00:02:04,400 Speaker 1: many are in the workforce, has dropped from around sixty 38 00:02:04,400 --> 00:02:08,040 Speaker 1: seven percent sixty eight percent to sixty one sixty two percent. 39 00:02:08,200 --> 00:02:10,919 Speaker 1: One of the lowest ever. People have simply opted out 40 00:02:10,960 --> 00:02:13,800 Speaker 1: of the workforce. What did the CEO of Home Depots 41 00:02:13,800 --> 00:02:16,880 Speaker 1: say the other day, Bernie Marcus said, look, this is 42 00:02:16,919 --> 00:02:20,320 Speaker 1: socialism and nobody wants to work. So we've got this 43 00:02:20,400 --> 00:02:24,240 Speaker 1: bizarre economic circumstance where we have stagflation. We've got all 44 00:02:24,240 --> 00:02:26,760 Speaker 1: the demand in the world with the FED pumping out 45 00:02:26,840 --> 00:02:30,440 Speaker 1: Fiat money, and yet the government has its breaks on 46 00:02:30,480 --> 00:02:35,080 Speaker 1: the supply side. It is taxing, it is regulating, it 47 00:02:35,200 --> 00:02:38,040 Speaker 1: is destroying the energy sector, it is telling people not 48 00:02:38,160 --> 00:02:41,840 Speaker 1: to work. It is opening the floodgates for cheap labor, 49 00:02:42,120 --> 00:02:46,480 Speaker 1: in illegal labor. And so we've got very very low 50 00:02:46,520 --> 00:02:49,960 Speaker 1: growth remembered during the Reagan era, or go back to 51 00:02:50,000 --> 00:02:53,320 Speaker 1: the sixties when we had five percent GDP growth, which 52 00:02:53,480 --> 00:02:56,960 Speaker 1: routine one quarter in the Reagan era was over eight percent. 53 00:02:57,680 --> 00:03:00,920 Speaker 1: We have low now GDP growth of one two three 54 00:03:00,960 --> 00:03:05,640 Speaker 1: percent max. And yet we have high prices. The supply 55 00:03:05,760 --> 00:03:08,680 Speaker 1: side of the equation is what's not been addressed in 56 00:03:08,720 --> 00:03:13,280 Speaker 1: this inflationary Phillips curve spiral. You've got you economists out 57 00:03:13,320 --> 00:03:15,760 Speaker 1: there will remember the Phillips curve that said you can 58 00:03:15,880 --> 00:03:18,720 Speaker 1: have high unemployment and high inflation at the same time, 59 00:03:18,880 --> 00:03:21,680 Speaker 1: it's one or the other. We actually do have very 60 00:03:21,800 --> 00:03:25,359 Speaker 1: very high unemployment. What the Biden administration will tell you, 61 00:03:25,800 --> 00:03:28,520 Speaker 1: and they will lie until the cows come home because 62 00:03:28,520 --> 00:03:31,120 Speaker 1: that's the only thing they know is that we have 63 00:03:31,160 --> 00:03:34,160 Speaker 1: low unemployment. But what happens, and this is why the 64 00:03:34,520 --> 00:03:41,240 Speaker 1: labor departments civilian labor participation rate, the workforce partition participation 65 00:03:41,360 --> 00:03:43,880 Speaker 1: rate is the only metric you need to look at. 66 00:03:44,360 --> 00:03:47,360 Speaker 1: Has people drop out of the workforce, they are not 67 00:03:47,520 --> 00:03:51,040 Speaker 1: counted in the unemployment statistics. So if you have ten 68 00:03:51,080 --> 00:03:54,760 Speaker 1: people looking for work right at ten people looking for work, 69 00:03:54,840 --> 00:03:58,440 Speaker 1: and you've got two that can't find well, let's say 70 00:03:58,440 --> 00:04:03,200 Speaker 1: one that can't find it right now, Now what happens 71 00:04:03,280 --> 00:04:06,640 Speaker 1: is you've got a ten percent unemployment rate. But if 72 00:04:07,240 --> 00:04:11,280 Speaker 1: that one person that it can't find work decides to 73 00:04:11,400 --> 00:04:14,920 Speaker 1: drop out of the workforce when they're asked by the 74 00:04:15,360 --> 00:04:17,120 Speaker 1: Labor department, what are you going to look for work? No, 75 00:04:17,200 --> 00:04:18,880 Speaker 1: I'm done looking for work. It can't find a job. 76 00:04:19,040 --> 00:04:21,680 Speaker 1: That person's gone. Now you have zero percent unemployment rate, 77 00:04:21,800 --> 00:04:23,640 Speaker 1: and that's what they do. But when you look at 78 00:04:23,640 --> 00:04:27,880 Speaker 1: the total labor force participation rate, which doesn't account for that, 79 00:04:28,000 --> 00:04:30,560 Speaker 1: it says of all the people in the country, how 80 00:04:30,560 --> 00:04:35,000 Speaker 1: many adult people eligible to work are actually working? And 81 00:04:35,120 --> 00:04:39,120 Speaker 1: it was sixty seven, sixty eight, sixty nine, and now 82 00:04:39,160 --> 00:04:44,120 Speaker 1: it's sixty one, which means we've got stagnation, something that 83 00:04:44,160 --> 00:04:46,800 Speaker 1: you haven't seen since Jimmy Carter. I only bring it up. 84 00:04:47,160 --> 00:04:50,039 Speaker 1: I only bring it up because people are are frustrated. 85 00:04:50,200 --> 00:04:55,839 Speaker 1: They don't understand inflation is just ripping families apart. When 86 00:04:55,880 --> 00:04:59,680 Speaker 1: you've got, you know, the lowest earning workers being hit 87 00:04:59,720 --> 00:05:01,719 Speaker 1: the heart, whether it's the price of gasoline or the 88 00:05:01,720 --> 00:05:05,000 Speaker 1: price of eggs, or the price of anything, supply chain 89 00:05:05,080 --> 00:05:08,719 Speaker 1: disruptions because we have no supply side. We need to 90 00:05:08,760 --> 00:05:10,599 Speaker 1: go back. If you really want to get out of 91 00:05:10,600 --> 00:05:15,320 Speaker 1: an inflationary spiral, you need to go back and do 92 00:05:15,400 --> 00:05:19,080 Speaker 1: what quite frankly, we did after World War Two. We 93 00:05:19,120 --> 00:05:22,040 Speaker 1: did during the Kennedy administration, in the Reagan administration, and 94 00:05:22,080 --> 00:05:25,160 Speaker 1: we did during my term in Congress and the President 95 00:05:25,279 --> 00:05:29,480 Speaker 1: Trump's first two years in the Oval office and passed 96 00:05:29,640 --> 00:05:32,880 Speaker 1: the tax cut, the Tax Cutting Jobs Act. What did 97 00:05:32,920 --> 00:05:35,960 Speaker 1: that do? That jump started the economy. Manufacturing came home, 98 00:05:36,160 --> 00:05:39,520 Speaker 1: We repatriated profits. We jump started the energy sector. We 99 00:05:39,520 --> 00:05:43,080 Speaker 1: were energy independent. We lowered the twenty percent deduction on 100 00:05:43,240 --> 00:05:47,719 Speaker 1: small business right off the top, they could reduce their 101 00:05:47,800 --> 00:05:53,080 Speaker 1: income by twenty percent. What happened, labor and capital went 102 00:05:53,120 --> 00:05:56,320 Speaker 1: back into the market. We started to grow. When you grow, 103 00:05:56,600 --> 00:06:00,320 Speaker 1: that takes the pressure off inflation. Because too many dollars 104 00:06:00,400 --> 00:06:04,080 Speaker 1: chasing too few goods is the hallmark of inflation. You 105 00:06:04,080 --> 00:06:06,280 Speaker 1: can cure it one way or another. You can reduce dollars, 106 00:06:06,279 --> 00:06:08,000 Speaker 1: which the Fed is doing now, which might put us 107 00:06:08,000 --> 00:06:11,200 Speaker 1: in a recession, or you can increase goods and services. 108 00:06:12,200 --> 00:06:15,400 Speaker 1: The Biden administration is telling the Fed, well, we'll raise 109 00:06:15,520 --> 00:06:18,120 Speaker 1: interest rates, put put everybody in a bind trying to 110 00:06:18,160 --> 00:06:20,560 Speaker 1: buy a house, whatever. But let's not jump start the 111 00:06:20,600 --> 00:06:25,080 Speaker 1: supply side. Let's keep the foot on the throat of entrepreneurs, 112 00:06:25,279 --> 00:06:29,640 Speaker 1: of energy producers, of workers, and so we get low growth, 113 00:06:30,560 --> 00:06:35,599 Speaker 1: high demand. That is classic economic stagflation. And it's something 114 00:06:35,640 --> 00:06:38,360 Speaker 1: that Kynesian said could never happen. It happened during the 115 00:06:38,360 --> 00:06:41,359 Speaker 1: Carter years. It's happening now. Like I told people on 116 00:06:41,400 --> 00:06:43,880 Speaker 1: the campaign trail, if you haven't lived through Jimmy Carter, 117 00:06:44,120 --> 00:06:46,440 Speaker 1: you're about to get a second chance. And that's exactly 118 00:06:46,440 --> 00:06:49,400 Speaker 1: what's happening. One eight two eight two two eight eight 119 00:06:49,440 --> 00:06:51,600 Speaker 1: two is the contact line for the Clay and Buck Show. 120 00:06:51,760 --> 00:06:54,120 Speaker 1: The guy's taking a couple of well deserved days off 121 00:06:54,120 --> 00:06:56,760 Speaker 1: to watch some football. They'll be back next week. In 122 00:06:56,839 --> 00:07:01,119 Speaker 1: the meantime, I guess what reporting. We've got to cut 123 00:07:01,520 --> 00:07:05,320 Speaker 1: someone in custody in the Idaho murder case, which is 124 00:07:05,320 --> 00:07:09,039 Speaker 1: really good news. No comment yet from the defund the 125 00:07:09,040 --> 00:07:13,440 Speaker 1: police movement. Interesting, So that's good, hopeful news. We want 126 00:07:13,440 --> 00:07:15,760 Speaker 1: good news where we can find it. The Trump tax 127 00:07:15,840 --> 00:07:21,120 Speaker 1: return release basically is flopping because what's happening in the 128 00:07:21,200 --> 00:07:26,400 Speaker 1: Trump tax returns, which, by the way, another piece of protocol, 129 00:07:26,520 --> 00:07:33,560 Speaker 1: another congressional protocol, absolutely obliterated by power hungry Democrats if 130 00:07:33,600 --> 00:07:38,120 Speaker 1: they really want to start releasing everybody's tax returns publicly, 131 00:07:38,400 --> 00:07:40,600 Speaker 1: as the Ways and Means Committee did and one of 132 00:07:40,640 --> 00:07:44,960 Speaker 1: their last acts under Democrat control, Man oh Man, I 133 00:07:45,000 --> 00:07:47,960 Speaker 1: can hardly wait till next term when we get a 134 00:07:48,040 --> 00:07:50,480 Speaker 1: chance to look at Joe Biden's because what you're finding 135 00:07:50,520 --> 00:07:53,040 Speaker 1: on Trumps is he took advantage of all of the 136 00:07:53,080 --> 00:07:57,680 Speaker 1: depreciation that comes with real estate investment, mortgage interest deduction. 137 00:07:58,240 --> 00:08:01,960 Speaker 1: Depreciating real estate. Can't appreciate land, but you can certainly 138 00:08:01,960 --> 00:08:07,200 Speaker 1: depreciate those buildings, rehabilitation credits, you name it. Now, that's 139 00:08:07,200 --> 00:08:09,440 Speaker 1: not capitalism, to be honest. When you've got that many 140 00:08:09,480 --> 00:08:13,960 Speaker 1: loopholes and that many deductions, that is not free market capitalism. 141 00:08:14,000 --> 00:08:17,040 Speaker 1: That is corporatism. But Trump is a businessman and he 142 00:08:17,120 --> 00:08:19,480 Speaker 1: took advantage of those deductions. And they can't find any 143 00:08:19,800 --> 00:08:23,920 Speaker 1: illegality here, and they're just going nuts. What's happening? And yet, 144 00:08:24,120 --> 00:08:27,120 Speaker 1: if we're going to start releasing tax returns publicly, how 145 00:08:27,120 --> 00:08:31,680 Speaker 1: about we do this. Let's release Joe Biden's S corporation 146 00:08:31,840 --> 00:08:35,400 Speaker 1: tax returns. You see Biden runs around and says, oh, 147 00:08:35,440 --> 00:08:38,559 Speaker 1: I've released my tax returns, twenty four years of tax returns. 148 00:08:38,600 --> 00:08:44,280 Speaker 1: Oh oh contraire, uncle Joe. You released you and jailed 149 00:08:44,880 --> 00:08:50,000 Speaker 1: doctor Jill. You've released jointly filed individual tax returns, but 150 00:08:50,240 --> 00:08:54,320 Speaker 1: not your S corporation tax returns. And why is that critical? 151 00:08:54,960 --> 00:08:58,480 Speaker 1: But your accountants out there. When you've got passed through income, 152 00:08:58,559 --> 00:09:02,160 Speaker 1: you can do a proprietorship, you can do a subchapter 153 00:09:02,360 --> 00:09:07,080 Speaker 1: S corporation, you can do a partnership. All that flows 154 00:09:07,160 --> 00:09:11,960 Speaker 1: to your individual income tax. But with S corporations, there 155 00:09:12,040 --> 00:09:15,320 Speaker 1: are other entities that you've got a file I believe 156 00:09:15,360 --> 00:09:19,360 Speaker 1: the forms eleven twenty s and what Biden did is 157 00:09:19,400 --> 00:09:23,680 Speaker 1: released a summary of his joint return without showing how 158 00:09:23,720 --> 00:09:26,480 Speaker 1: his income. Are you ready for this? Are you sitting 159 00:09:26,520 --> 00:09:30,880 Speaker 1: down without showing how Joe's income went from three hundred 160 00:09:30,920 --> 00:09:37,479 Speaker 1: and ninety six thousand dollars in twenty sixteen to sixteen million, 161 00:09:37,720 --> 00:09:42,600 Speaker 1: six hundred and three thousand between twenty seventeen and twenty nineteen, 162 00:09:42,880 --> 00:09:47,679 Speaker 1: thirteen million of US flowed through their S corporation. Now, 163 00:09:47,679 --> 00:09:50,720 Speaker 1: in addition to dodging payroll taxes, which he did just 164 00:09:50,840 --> 00:09:53,000 Speaker 1: like John Edwards, when you get that money through an 165 00:09:53,120 --> 00:09:56,520 Speaker 1: S corporation, you only take x amount a reasonable amount 166 00:09:56,520 --> 00:10:01,040 Speaker 1: of salary. The rest flows through not his salary, so 167 00:10:01,080 --> 00:10:03,480 Speaker 1: it's not subject to payroll tax. And that's fifteen point 168 00:10:03,520 --> 00:10:06,520 Speaker 1: three percent. So he dodged that. That's a nice loophole. 169 00:10:07,160 --> 00:10:10,040 Speaker 1: I thought Trump was the only guy that took loopholes. Wow, 170 00:10:10,040 --> 00:10:13,440 Speaker 1: what a loophole that S corporation and it is. Let's 171 00:10:13,480 --> 00:10:16,319 Speaker 1: be honest, you have to take a reasonable salary. But 172 00:10:16,360 --> 00:10:21,000 Speaker 1: if you get fifteen million in S returns, S dividends 173 00:10:21,360 --> 00:10:24,040 Speaker 1: and you take one hundred thousand dollars a salary, because 174 00:10:24,080 --> 00:10:27,400 Speaker 1: that's reasonable you'll pay your payroll taxes on one hundred thousand, 175 00:10:27,559 --> 00:10:30,280 Speaker 1: but not the rest of it. What a loophole, that 176 00:10:30,480 --> 00:10:32,760 Speaker 1: is my my mind. But how did he get thirteen 177 00:10:32,760 --> 00:10:36,520 Speaker 1: million dollars in a couple of years. We just don't know. Oh, 178 00:10:36,559 --> 00:10:42,040 Speaker 1: I know, speaking fees and book deals. I'd never realized 179 00:10:42,120 --> 00:10:45,880 Speaker 1: Joe Biden was that popular on the Chicken Dinner circuit, 180 00:10:46,040 --> 00:10:48,000 Speaker 1: but apparently it was. So if we're gonna go down 181 00:10:48,040 --> 00:10:51,400 Speaker 1: this road with Trump's taxes, boy, I can hardly wait 182 00:10:51,520 --> 00:10:54,200 Speaker 1: till the next session of Congress gets going on Joe's 183 00:10:54,320 --> 00:10:56,560 Speaker 1: I'm Jason Lewis in for Clay and Buck today. The 184 00:10:56,600 --> 00:10:59,719 Speaker 1: contact line one eight hundred two A two two eight two. 185 00:10:59,760 --> 00:11:01,760 Speaker 1: You're calls and more coming right up, don't go away, 186 00:11:03,400 --> 00:11:05,320 Speaker 1: and we are back on the Clay and Buck Show. 187 00:11:05,360 --> 00:11:07,680 Speaker 1: I am the talk show host formerly known as Congressman 188 00:11:07,760 --> 00:11:10,600 Speaker 1: Jason Lewis and don't forget author of Party Animal, The 189 00:11:10,640 --> 00:11:14,760 Speaker 1: Truth about President Trump, Power, Politics, and the Partisan Press, 190 00:11:14,880 --> 00:11:18,679 Speaker 1: available everywhere Barnes and Noble for the hard copy ebooks. 191 00:11:18,720 --> 00:11:20,560 Speaker 1: You got it if you want to. You know, know 192 00:11:20,600 --> 00:11:22,240 Speaker 1: what it's like to be in Congress, know what it's 193 00:11:22,280 --> 00:11:24,640 Speaker 1: like to run for the US Senate alongside President Trump 194 00:11:24,679 --> 00:11:28,440 Speaker 1: here in Minnesota in a very tight race. Read party animal. 195 00:11:28,440 --> 00:11:30,960 Speaker 1: It's a good it's a good treatise on why we're 196 00:11:31,000 --> 00:11:35,640 Speaker 1: in the mess we're in, from COVID to economics to censorship. 197 00:11:35,679 --> 00:11:40,000 Speaker 1: It's all in a little political treatise, as it were. 198 00:11:40,520 --> 00:11:42,520 Speaker 1: You know. Before I get to the calls here, I 199 00:11:42,559 --> 00:11:44,640 Speaker 1: do want to focus a little bit, and Darren David 200 00:11:44,679 --> 00:11:46,880 Speaker 1: analys you, guys, Hank tight, I do want to focus 201 00:11:46,880 --> 00:11:50,280 Speaker 1: a little bit on quote unquote the tax code and 202 00:11:50,320 --> 00:11:53,680 Speaker 1: the loopholes. First, you got to understand one of the 203 00:11:53,760 --> 00:11:56,960 Speaker 1: reasons I ran for Congress is I realized that the 204 00:11:57,000 --> 00:12:01,080 Speaker 1: tax code was there to benefit so many people who 205 00:12:01,160 --> 00:12:04,320 Speaker 1: had the ability to lobby and do their carve outs 206 00:12:04,440 --> 00:12:07,880 Speaker 1: rent seeking. In Washington, it was riddled with loopholes. When 207 00:12:07,920 --> 00:12:11,040 Speaker 1: I got to Congress in twenty seventeen, it was the 208 00:12:11,160 --> 00:12:14,280 Speaker 1: swamps tax Code. And I think President Trump felt that 209 00:12:14,280 --> 00:12:16,319 Speaker 1: way too, So we passed something called the Tax Cutting 210 00:12:16,400 --> 00:12:19,640 Speaker 1: Jobs Act, and the goal was to flatten the code 211 00:12:19,800 --> 00:12:24,520 Speaker 1: while eliminating the loopholes, while removing the double taxation of 212 00:12:24,600 --> 00:12:29,720 Speaker 1: foreign income, while removing these benefits to certain industries, which 213 00:12:29,760 --> 00:12:34,959 Speaker 1: does not reflect market capitalism, but reflects a corporatism that 214 00:12:35,000 --> 00:12:38,920 Speaker 1: had dominated the IRS and the tax code. And we 215 00:12:39,080 --> 00:12:42,559 Speaker 1: did that and that's why we got growth. We doubled 216 00:12:42,559 --> 00:12:45,559 Speaker 1: the standard exemption, We had that twenty percent income reduction 217 00:12:45,600 --> 00:12:49,320 Speaker 1: for small businessmen and women. We eliminated the salt deduction 218 00:12:49,440 --> 00:12:52,439 Speaker 1: for high tax state while not eliminated down to ten thousand. 219 00:12:52,559 --> 00:12:55,560 Speaker 1: More on that in a second. But you have to 220 00:12:55,640 --> 00:13:00,200 Speaker 1: understand what we're dealing with now is not capitalism, say 221 00:13:00,240 --> 00:13:03,080 Speaker 1: we still haven't gotten there. We are dealing with a 222 00:13:03,240 --> 00:13:07,200 Speaker 1: form of corporatism where you have rent seeking big corporations 223 00:13:08,160 --> 00:13:12,400 Speaker 1: in exchange for government favors, doing their woke bidding. You 224 00:13:12,440 --> 00:13:14,920 Speaker 1: want to know why every corporation got on board on 225 00:13:14,960 --> 00:13:18,160 Speaker 1: the Woke agenda, got on board on the Green New Deal, 226 00:13:18,720 --> 00:13:21,920 Speaker 1: got on board on every crazy Democrat idea because they're 227 00:13:21,960 --> 00:13:27,760 Speaker 1: getting benefits. So now we've got the specter of the 228 00:13:27,800 --> 00:13:31,600 Speaker 1: Trump tax returns and they're trying to make something out 229 00:13:31,640 --> 00:13:34,680 Speaker 1: of this. Even though the January sixth Committee had to 230 00:13:34,720 --> 00:13:37,120 Speaker 1: finally say, wow, we really can't subpoena Trump in front 231 00:13:37,160 --> 00:13:40,000 Speaker 1: of a committee. You got a separation of powers issue there. 232 00:13:40,480 --> 00:13:42,320 Speaker 1: They tried, but they couldn't do it. And I've got 233 00:13:42,880 --> 00:13:45,320 Speaker 1: My latest newsletter, which came out yesterday, is all about 234 00:13:45,360 --> 00:13:48,440 Speaker 1: the J six Committee at Jason Lewis dot substack dot com. 235 00:13:48,880 --> 00:13:53,360 Speaker 1: But be that as it may have, you noticed, have 236 00:13:53,640 --> 00:13:57,600 Speaker 1: you noticed while Buffalo digs out of a storm, a 237 00:13:57,679 --> 00:14:01,000 Speaker 1: cold weather storm that wasn't supposed to happen during an 238 00:14:01,000 --> 00:14:04,160 Speaker 1: era of warming winters? And by the way, we've had 239 00:14:04,200 --> 00:14:06,800 Speaker 1: these storms since I was a kid, long before that, 240 00:14:07,320 --> 00:14:09,400 Speaker 1: and they were worse in many ways. But one thing 241 00:14:09,440 --> 00:14:12,480 Speaker 1: we did not have during a winter storm, whether it's 242 00:14:12,520 --> 00:14:16,240 Speaker 1: in Texas or upstate New York, we're power outages to 243 00:14:16,280 --> 00:14:20,680 Speaker 1: this degree was we didn't have a grid that was 244 00:14:20,800 --> 00:14:28,160 Speaker 1: so fragile that basically wouldn't function. Even Gavin Newsom had 245 00:14:28,240 --> 00:14:35,160 Speaker 1: to admit that their net zero carbon emissions rule caused 246 00:14:35,160 --> 00:14:38,160 Speaker 1: their blackouts, the rolling blackouts where there's a summer of 247 00:14:38,160 --> 00:14:43,040 Speaker 1: the winter. Now, why why is it that we're all 248 00:14:43,200 --> 00:14:46,400 Speaker 1: despite this? I don't think people want heat in the wintertime, 249 00:14:46,440 --> 00:14:49,640 Speaker 1: they want to be comfortable. But why is it We're 250 00:14:49,680 --> 00:14:52,560 Speaker 1: rushing headlong into the Green New Deal with the Inflation 251 00:14:52,600 --> 00:14:56,720 Speaker 1: Reduction Act, and all you see on the financial press 252 00:14:57,080 --> 00:15:00,960 Speaker 1: is how how many carmakers are making electric vehicles? Did 253 00:15:01,000 --> 00:15:05,720 Speaker 1: we really all become green new dealers dealers overnight or 254 00:15:06,880 --> 00:15:10,280 Speaker 1: is there a fifty percent say that still doesn't believe 255 00:15:10,320 --> 00:15:13,560 Speaker 1: the global warming hype and wants their their you know, 256 00:15:13,680 --> 00:15:16,440 Speaker 1: f one fifty to run on an internal combustion engine. 257 00:15:17,000 --> 00:15:19,360 Speaker 1: I think there is, But yet you never know what 258 00:15:19,480 --> 00:15:24,760 Speaker 1: everybody likes electric vehicles. It's loopholes in the tax code. 259 00:15:25,760 --> 00:15:28,880 Speaker 1: If you buy an electric vehicle, you get a tax 260 00:15:28,960 --> 00:15:33,880 Speaker 1: credit up to seventy five hundred dollars. Gee, I didn't 261 00:15:33,920 --> 00:15:36,960 Speaker 1: know that right. And the problem with this is it 262 00:15:37,160 --> 00:15:40,520 Speaker 1: misallocates resources. I could buy this car with an internal 263 00:15:40,560 --> 00:15:43,320 Speaker 1: combustion engine, it would be cheaper, but if I get 264 00:15:43,360 --> 00:15:47,640 Speaker 1: this tax credit, the more expensive electric vehicle is actually cheaper. 265 00:15:47,880 --> 00:15:52,640 Speaker 1: That is the government guiding production. That's central planning. Worse, 266 00:15:53,120 --> 00:15:56,840 Speaker 1: it's depriving the Highway Trust Fund, which mass transit already 267 00:15:56,840 --> 00:16:03,160 Speaker 1: deprives of gas tax dollars to fund the roads. We 268 00:16:03,840 --> 00:16:05,760 Speaker 1: tried to figure out when I was in Congress how 269 00:16:05,800 --> 00:16:09,440 Speaker 1: to shore up the Highway Trust Fund, and this was 270 00:16:09,480 --> 00:16:11,280 Speaker 1: a huge problem. And now if we go to more 271 00:16:11,320 --> 00:16:14,640 Speaker 1: electric vehicles, you're gonna get less money going in there. 272 00:16:15,840 --> 00:16:18,440 Speaker 1: You've got that loophole, You've got the salt deduction loophole. 273 00:16:18,440 --> 00:16:22,920 Speaker 1: I'll talk about you've got the renewable portfolio standards loopholes. 274 00:16:23,080 --> 00:16:26,800 Speaker 1: All of this makes a mockery of free market capitalism. 275 00:16:27,160 --> 00:16:32,160 Speaker 1: It's central planning being dictated by government, and we'd better 276 00:16:32,200 --> 00:16:35,920 Speaker 1: do something about it. And I don't want to labor 277 00:16:36,040 --> 00:16:38,600 Speaker 1: this loophole thing, but they're gonna go after Trump from 278 00:16:38,720 --> 00:16:40,560 Speaker 1: you know, day in day out for all of this, 279 00:16:41,120 --> 00:16:43,200 Speaker 1: and I just want to want you to understand it's 280 00:16:43,240 --> 00:16:46,280 Speaker 1: symptomatic of the problem with the tax code and symptomatic 281 00:16:46,320 --> 00:16:49,440 Speaker 1: of the fact that we're not operating in a capitalist environment. 282 00:16:49,440 --> 00:16:53,400 Speaker 1: We're operating in a corporatist environment. And a lot of 283 00:16:53,400 --> 00:16:57,320 Speaker 1: it started with these renewable energy portfolio standards going back 284 00:16:57,320 --> 00:16:59,960 Speaker 1: to the nineteen nineties and the first part of the millennia, 285 00:17:00,360 --> 00:17:04,639 Speaker 1: when you had states, most of them requiring utility companies 286 00:17:04,680 --> 00:17:08,960 Speaker 1: to go thirty percent green. By twenty twenty, I think 287 00:17:09,000 --> 00:17:13,000 Speaker 1: in California they were talking about net zero. Well, when 288 00:17:13,080 --> 00:17:18,840 Speaker 1: you do that, obviously no amount of wind solar because 289 00:17:18,880 --> 00:17:22,359 Speaker 1: they can't respond to peak demand, they can't store energy, 290 00:17:22,400 --> 00:17:26,200 Speaker 1: they can't transmit energy the way fossil fuels can. No 291 00:17:26,240 --> 00:17:30,000 Speaker 1: amount of that transition will make up for the grid. 292 00:17:30,080 --> 00:17:32,359 Speaker 1: And so now you get these power outages in the summer, 293 00:17:32,600 --> 00:17:35,399 Speaker 1: rolling blackouts, or in Buffalo they don't have the power 294 00:17:35,480 --> 00:17:38,080 Speaker 1: on after a snowstorm. What's did not used to happen, 295 00:17:39,320 --> 00:17:43,719 Speaker 1: But it all came about because of renewable portfolio standards. 296 00:17:44,600 --> 00:17:47,520 Speaker 1: You talk about electric vehicles. Now there's a market for Tesla. 297 00:17:47,560 --> 00:17:49,800 Speaker 1: And there's a reason Tesla doesn't even get the credits. 298 00:17:50,040 --> 00:17:52,480 Speaker 1: The reason there's a market for Tesla's the cards cost 299 00:17:52,480 --> 00:17:55,080 Speaker 1: one hundred thousand dollars. So if you want to be 300 00:17:55,119 --> 00:17:58,880 Speaker 1: a virtue signaling liberal on either coast and you want 301 00:17:58,880 --> 00:18:01,399 Speaker 1: to buy a Tesla, have at it. Their fun cars, 302 00:18:01,480 --> 00:18:04,240 Speaker 1: go get them. But trying to make that available to 303 00:18:04,320 --> 00:18:10,359 Speaker 1: everyone requires a government subsidy. Again, that is not capitalism, 304 00:18:10,440 --> 00:18:14,679 Speaker 1: that is central planning, corporatism. And how about this the 305 00:18:14,720 --> 00:18:17,960 Speaker 1: greatest loophole of all when it comes to my experience 306 00:18:17,960 --> 00:18:22,120 Speaker 1: in Washington and who's fighting what Liberal high tax states 307 00:18:22,200 --> 00:18:28,119 Speaker 1: like my home state of Minnesota, like California, New York, Massachusetts, 308 00:18:28,119 --> 00:18:31,080 Speaker 1: you name it had a massive subsidy in the tax 309 00:18:31,119 --> 00:18:34,119 Speaker 1: code for years and years and years, and it was 310 00:18:34,160 --> 00:18:38,280 Speaker 1: called the Deduction for State and Local Taxes SALT, and 311 00:18:38,359 --> 00:18:41,920 Speaker 1: it was a sop to the wealthy. In fact, if 312 00:18:41,920 --> 00:18:46,320 Speaker 1: you look at the amount of itemized deductions claimed by 313 00:18:46,400 --> 00:18:51,040 Speaker 1: households with income over two hundred thousand dollars, guess what 314 00:18:51,160 --> 00:18:54,520 Speaker 1: The largest one was charitable contributions. Nope, home mortgage interests. 315 00:18:54,600 --> 00:18:59,080 Speaker 1: Note state and local taxes paid so New York could 316 00:18:59,080 --> 00:19:02,119 Speaker 1: gouge you and you could deduct everything they tax you 317 00:19:02,400 --> 00:19:06,640 Speaker 1: on your federal returns. That's subsidizing New York. We eliminated 318 00:19:06,720 --> 00:19:11,359 Speaker 1: that down to ten thousand dollars ten thousand in the 319 00:19:11,400 --> 00:19:13,440 Speaker 1: Tax Cutting Jobs Act when I was in Congress. Guess 320 00:19:13,520 --> 00:19:16,679 Speaker 1: what the Democrats are trying to do reinstate the salt 321 00:19:16,800 --> 00:19:20,320 Speaker 1: deduction for high tax wealthy people who live in high 322 00:19:20,320 --> 00:19:24,200 Speaker 1: tax states. That is a grand loophole. That's not capitalism. 323 00:19:24,200 --> 00:19:27,000 Speaker 1: And I'll tell you something else. It's the worst loophole 324 00:19:27,000 --> 00:19:31,440 Speaker 1: of all because it subsidizes socialism. I wanted to get 325 00:19:31,480 --> 00:19:34,440 Speaker 1: that off my chest because as this loophole debate continues, 326 00:19:34,720 --> 00:19:37,400 Speaker 1: we know who's you're doing the carve outs for the environment, 327 00:19:37,560 --> 00:19:40,919 Speaker 1: for wind and solar, for electric vehicles, for high tax states, 328 00:19:41,080 --> 00:19:45,440 Speaker 1: and it has nothing to do with Donald Trump. To 329 00:19:45,640 --> 00:19:48,040 Speaker 1: the phones, we go, Let's go to Baltimore. First up 330 00:19:48,160 --> 00:19:51,399 Speaker 1: is Bob. Thanks for your patience over my pontificating, but 331 00:19:51,440 --> 00:19:54,280 Speaker 1: I had to get that off my chest. Iressman, thank 332 00:19:54,280 --> 00:19:58,240 Speaker 1: you for taking my call. You were talking earlier about 333 00:19:58,760 --> 00:20:03,520 Speaker 1: President Biden having S corporations um and taking a reasonable 334 00:20:03,560 --> 00:20:10,439 Speaker 1: amount of compensation um and effectively limiting his tax liability. Yes, 335 00:20:11,320 --> 00:20:16,240 Speaker 1: that reasonable compensation issue has been heavily litigated by IRS 336 00:20:16,240 --> 00:20:23,600 Speaker 1: over the years. Primarily it's sports, sports stars and attorneys generally, 337 00:20:23,640 --> 00:20:26,360 Speaker 1: because attorneys feel they can get away with things. Right. So, 338 00:20:26,720 --> 00:20:30,960 Speaker 1: if you're the one generating all of the income, all 339 00:20:31,040 --> 00:20:34,560 Speaker 1: that income is attributal to you is earned income as 340 00:20:34,800 --> 00:20:39,200 Speaker 1: W two income in and S corporation. And it sounds well, 341 00:20:39,240 --> 00:20:42,720 Speaker 1: well that's that's not what they do. What they do 342 00:20:42,760 --> 00:20:45,680 Speaker 1: is they take the reasonable compensation figure they pull out 343 00:20:45,680 --> 00:20:48,280 Speaker 1: of thin air. Like you say, the IRS does have guidelines, 344 00:20:48,680 --> 00:20:52,359 Speaker 1: but that applies to as W two income that is 345 00:20:52,440 --> 00:20:55,600 Speaker 1: applicable to the payroll tax. Okay, So what the courts 346 00:20:55,640 --> 00:20:59,480 Speaker 1: have said, if you're in a capital intensive industry, Okay, 347 00:20:59,480 --> 00:21:02,000 Speaker 1: you've got a lot of equipment that you have to 348 00:21:02,040 --> 00:21:06,359 Speaker 1: pay for that's generating manufacturing and it's generating profits, and 349 00:21:06,400 --> 00:21:10,480 Speaker 1: you've got employees, you're effectively leveraged. Okay, so you can 350 00:21:10,560 --> 00:21:14,800 Speaker 1: make the argument in that situation that it's not all 351 00:21:14,840 --> 00:21:18,000 Speaker 1: attributable to me. It's not all my income because I'm 352 00:21:18,040 --> 00:21:21,240 Speaker 1: not the one generating all the profits. That the equipment 353 00:21:21,240 --> 00:21:23,879 Speaker 1: of the employees, everything that I've invested in, all the 354 00:21:23,960 --> 00:21:27,600 Speaker 1: capital is creating the profits. And I'm taking those as 355 00:21:27,720 --> 00:21:32,119 Speaker 1: S corporation dividends, not W two income, and those corporation 356 00:21:32,200 --> 00:21:37,640 Speaker 1: dividends aren't subject to payroll taxes, and depending upon the business, 357 00:21:37,720 --> 00:21:41,520 Speaker 1: they're subject to a qualified business income deduction, which is 358 00:21:41,520 --> 00:21:44,199 Speaker 1: a FANDOM deduction of twenty percent of the gross income 359 00:21:44,600 --> 00:21:46,600 Speaker 1: or of the netcome. I'm sorry, yeah, I was part 360 00:21:46,640 --> 00:21:50,800 Speaker 1: of the legislation that spoke of. Right, Okay, So IRUs 361 00:21:50,880 --> 00:21:53,480 Speaker 1: has just litigated this, and this isn't reason this is. 362 00:21:53,600 --> 00:21:56,639 Speaker 1: This goes back twenty years or so at least, and 363 00:21:56,720 --> 00:22:01,000 Speaker 1: generally it's it's professional athletes and attorneys, And what the 364 00:22:01,040 --> 00:22:04,680 Speaker 1: courts have consistently said is if you're the one creating 365 00:22:04,720 --> 00:22:08,160 Speaker 1: all the income, it's not attributable to somebody else's efforts 366 00:22:08,280 --> 00:22:12,760 Speaker 1: for labors, it's not attributable to capital, then it's all 367 00:22:13,600 --> 00:22:19,040 Speaker 1: W two compensation. And the IRUs is consistently one. Okay, 368 00:22:19,280 --> 00:22:22,280 Speaker 1: So what you're saying is they put limits on what 369 00:22:22,320 --> 00:22:24,240 Speaker 1: you could how low you could go for a reasonable 370 00:22:24,480 --> 00:22:27,320 Speaker 1: million on his s return and he let's just say, 371 00:22:27,320 --> 00:22:30,080 Speaker 1: I don't know what he declared has W two compensation, 372 00:22:30,160 --> 00:22:33,399 Speaker 1: but let's just say it was a million. Twelve million 373 00:22:33,400 --> 00:22:36,119 Speaker 1: of that is relieved from the fifteen point three percent 374 00:22:36,320 --> 00:22:41,840 Speaker 1: payroll tax. If to Bob's analysis, if it's all attributable 375 00:22:41,880 --> 00:22:44,320 Speaker 1: has pure W two income, then he'd be paying fifteen 376 00:22:44,320 --> 00:22:47,840 Speaker 1: point three percent on all of that. And you, as 377 00:22:47,880 --> 00:22:51,840 Speaker 1: your question is, did he do that? And the W 378 00:22:51,960 --> 00:22:55,560 Speaker 1: two income does not qualified for the Qualified Business Right 379 00:22:55,640 --> 00:22:59,720 Speaker 1: tax deduction or credit or the twenty percent deduction. This 380 00:22:59,840 --> 00:23:04,919 Speaker 1: is the famous John Edwards loophole, if you recall and 381 00:23:05,040 --> 00:23:07,520 Speaker 1: the fact that he's not been identified for that when 382 00:23:07,720 --> 00:23:10,200 Speaker 1: the service, I mean, it's not like they win thirty 383 00:23:10,280 --> 00:23:12,800 Speaker 1: or forty percent of the cases. They have a consistent 384 00:23:13,000 --> 00:23:17,520 Speaker 1: history of winning those cases. When it's so if he's speaking, 385 00:23:18,760 --> 00:23:21,160 Speaker 1: or if he's doing a book deal that he's drafting, 386 00:23:21,840 --> 00:23:25,440 Speaker 1: it's hard to attribute those profits to somebody else's ever, 387 00:23:25,920 --> 00:23:28,399 Speaker 1: that's W two income, right, Well, we don't know. We 388 00:23:28,440 --> 00:23:30,919 Speaker 1: don't know because he just issued a joint return on 389 00:23:31,040 --> 00:23:33,560 Speaker 1: that first a couple of pages that shows, well, this 390 00:23:33,640 --> 00:23:36,119 Speaker 1: is the income I made, but not the eleven twenty. 391 00:23:36,200 --> 00:23:38,640 Speaker 1: So if they already want to go down this this, 392 00:23:38,880 --> 00:23:43,040 Speaker 1: you know, release the tax returns publicly. Brad hole boy, 393 00:23:43,200 --> 00:23:46,600 Speaker 1: let the games begin. Let the games begin, Bob, good point. 394 00:23:46,680 --> 00:23:48,879 Speaker 1: Thank you for Colin. I appreciate it. Let's go to 395 00:23:48,960 --> 00:23:51,360 Speaker 1: Texas and Darren, you're up next on the Claim Buck 396 00:23:51,400 --> 00:23:55,200 Speaker 1: Show with Jason Lewis. Hi, Jason, you're doing a great job. 397 00:23:55,760 --> 00:23:58,880 Speaker 1: Done my best, my friend doing my best. Okay. So 398 00:24:00,080 --> 00:24:04,400 Speaker 1: I hear this same phrase used all the time about 399 00:24:04,440 --> 00:24:09,480 Speaker 1: these uh supposed upcoming um, you know, hearings that everyone 400 00:24:09,560 --> 00:24:14,159 Speaker 1: wants and is hold their feet to the fire. And 401 00:24:14,240 --> 00:24:19,000 Speaker 1: I think when people say that they always mean convictions, 402 00:24:20,000 --> 00:24:24,040 Speaker 1: you know, putting people in jail that belong there. Um. 403 00:24:25,200 --> 00:24:30,920 Speaker 1: And my question to you, unless I just don't know, 404 00:24:31,880 --> 00:24:34,200 Speaker 1: the Congress as a body does not have its own 405 00:24:34,240 --> 00:24:39,679 Speaker 1: prosecutorial that is correct. Okay, So what's going to end 406 00:24:39,760 --> 00:24:42,320 Speaker 1: up happening? If I was to put this in football terms, 407 00:24:43,320 --> 00:24:45,560 Speaker 1: you start off on your five yard line, you drive 408 00:24:45,680 --> 00:24:48,119 Speaker 1: nine yards down the fay. They not only do they 409 00:24:48,320 --> 00:24:51,800 Speaker 1: can they not prosecute someone. They can govern their own affairs. Um. 410 00:24:52,000 --> 00:24:55,320 Speaker 1: They can issue criminal referrals to the DOJ, but it's 411 00:24:55,320 --> 00:24:58,159 Speaker 1: just up to the prosecutors if they want to bring charges. Um. 412 00:24:58,480 --> 00:25:03,560 Speaker 1: But going back to lowest Learner and Eric Holder, they 413 00:25:03,560 --> 00:25:06,000 Speaker 1: didn't even prosecute contempt of Congress. So I'm gonna the 414 00:25:06,000 --> 00:25:08,639 Speaker 1: subpoena you too appear before our committee. I'm not showing 415 00:25:09,119 --> 00:25:13,280 Speaker 1: it was basically nothing Untell the January sixth Committee. Yeah, 416 00:25:13,359 --> 00:25:16,119 Speaker 1: it's like if if they do their job, they go 417 00:25:16,200 --> 00:25:18,560 Speaker 1: all the way down the field and they get stopped short, 418 00:25:18,640 --> 00:25:21,320 Speaker 1: they bring in the field goal kicker and he's paid 419 00:25:21,359 --> 00:25:24,120 Speaker 1: off by the other side, he shanks one on purpose. 420 00:25:24,880 --> 00:25:29,320 Speaker 1: It's like no points on the board, and everyone looks 421 00:25:30,520 --> 00:25:33,520 Speaker 1: the way the public is. They'll all go, well, the Republicans, 422 00:25:33,800 --> 00:25:37,560 Speaker 1: nothing happened. It's their phone, and it's like, no, it's not. 423 00:25:38,000 --> 00:25:41,040 Speaker 1: It's not. If they did their job, they brought down 424 00:25:41,080 --> 00:25:44,240 Speaker 1: the field, they put released people in, they questioned them, 425 00:25:44,240 --> 00:25:47,439 Speaker 1: they got all this stuff, and ultimately you're turning it 426 00:25:47,520 --> 00:25:50,560 Speaker 1: over to the DJ to prosecute, and they're the ones 427 00:25:50,640 --> 00:25:57,120 Speaker 1: you're investigating. So you're basically asking them, hey, you've got 428 00:25:57,119 --> 00:26:01,879 Speaker 1: bad people and there, go ahead and prosecute your self. Well, 429 00:26:01,920 --> 00:26:04,639 Speaker 1: I mean, that is the problem there. But that's why 430 00:26:04,800 --> 00:26:07,320 Speaker 1: Trump was such a threat. But he was going to 431 00:26:07,400 --> 00:26:09,480 Speaker 1: drain the swamp. We were going to do and I 432 00:26:09,520 --> 00:26:12,640 Speaker 1: talked with the President about this once or twice campaign 433 00:26:12,760 --> 00:26:15,399 Speaker 1: in Minnesota. We're going to do civil service reform in 434 00:26:15,440 --> 00:26:19,080 Speaker 1: a second term. And so it's going to take legislation 435 00:26:19,280 --> 00:26:24,000 Speaker 1: to drain the swamp. It's going to take the ridding 436 00:26:24,040 --> 00:26:27,119 Speaker 1: of this permanent state of employment where you can't fire 437 00:26:27,160 --> 00:26:31,480 Speaker 1: anybody who's got a guaranteed public pension that define benefit 438 00:26:31,560 --> 00:26:34,520 Speaker 1: pension to boot, which no one has in the private sector. 439 00:26:35,040 --> 00:26:36,760 Speaker 1: You're going to have to have a legislation. So that 440 00:26:36,800 --> 00:26:39,400 Speaker 1: means you're going to have to win elections and then 441 00:26:39,560 --> 00:26:43,680 Speaker 1: do something. But I think getting back to your earlier point, 442 00:26:43,800 --> 00:26:46,240 Speaker 1: let's see if we can't break this down into something 443 00:26:46,280 --> 00:26:51,120 Speaker 1: that's completely understandable. Here's what frustrated Republicans want the GOP 444 00:26:51,240 --> 00:26:54,119 Speaker 1: in the House now to do, and Republicans in general, 445 00:26:54,560 --> 00:26:59,359 Speaker 1: they want the GOP to do exactly what the Democrats 446 00:26:59,440 --> 00:27:03,439 Speaker 1: do when they have power, and that means go after 447 00:27:03,480 --> 00:27:06,600 Speaker 1: these people. They don't want them to quote unquote rise 448 00:27:06,720 --> 00:27:09,960 Speaker 1: above well We're not going to behave like them. They 449 00:27:10,040 --> 00:27:13,840 Speaker 1: want to fight fire with fire, because here's wine. That 450 00:27:14,000 --> 00:27:17,720 Speaker 1: is the only way to stop these people until they 451 00:27:17,760 --> 00:27:21,200 Speaker 1: get a taste of their own medicine. The Democrat left, 452 00:27:21,240 --> 00:27:26,000 Speaker 1: the Democrat and media complex will not stop. But I 453 00:27:26,000 --> 00:27:28,919 Speaker 1: know that from personal experience. By the way, the Democrats 454 00:27:28,960 --> 00:27:31,080 Speaker 1: have all pieces of the puzzle though, so when they 455 00:27:31,160 --> 00:27:33,320 Speaker 1: do it, they turn it over to a d oj 456 00:27:33,640 --> 00:27:36,200 Speaker 1: that it's more friendly to them, they got a better 457 00:27:36,320 --> 00:27:41,080 Speaker 1: shot at and having it actually come to people being 458 00:27:41,160 --> 00:27:46,000 Speaker 1: arrested and things like that. Well then but no, true. True. 459 00:27:46,040 --> 00:27:52,320 Speaker 1: But if you if you have investigative investigations and investigatory 460 00:27:52,440 --> 00:27:56,479 Speaker 1: hearings into the corruption of the Russian collusion scandal, and 461 00:27:56,560 --> 00:27:59,360 Speaker 1: you start subpointing people and you start getting into it, 462 00:27:59,640 --> 00:28:02,960 Speaker 1: you control the narrative, and that step number one in 463 00:28:03,080 --> 00:28:05,359 Speaker 1: all of this. If you say we're gonna move on 464 00:28:05,440 --> 00:28:09,240 Speaker 1: to corporate tax cuts because that's non controversial, we don't 465 00:28:09,280 --> 00:28:11,760 Speaker 1: want these bad Trump like poll numbers and lot it 466 00:28:11,800 --> 00:28:13,879 Speaker 1: out of a then you never get to the bottom 467 00:28:13,880 --> 00:28:17,919 Speaker 1: of it. Yeah, I'm all for the hearings because it 468 00:28:18,040 --> 00:28:20,959 Speaker 1: will at least expose it. Oh and that brings up 469 00:28:20,960 --> 00:28:23,840 Speaker 1: another thing. We footsoldiers are gonna have to share this 470 00:28:23,880 --> 00:28:26,960 Speaker 1: with our friends on social media because unlike the January 471 00:28:27,080 --> 00:28:30,600 Speaker 1: sixth thing, which gets brought up every day by the media, 472 00:28:31,160 --> 00:28:34,520 Speaker 1: I bet they don't bring these hearings up at all. 473 00:28:34,800 --> 00:28:37,760 Speaker 1: To continue the January sixth committee and look into Russian collusion, 474 00:28:37,760 --> 00:28:41,400 Speaker 1: and look into the COVID origins, and look into ray Epps, 475 00:28:41,440 --> 00:28:45,280 Speaker 1: and look into the National Guard not being deployed. They can. 476 00:28:45,560 --> 00:28:49,360 Speaker 1: They need to do with power what the Democrats do. 477 00:28:49,480 --> 00:28:51,960 Speaker 1: In a nutshell, I gotta move. Thank you for the call. 478 00:28:52,040 --> 00:28:55,840 Speaker 1: More coming right up when we return, you know. As 479 00:28:55,880 --> 00:28:59,160 Speaker 1: I point out in my latest Substack newsletter Jason Lewis 480 00:28:59,200 --> 00:29:02,120 Speaker 1: dot substack dot com. By the way, the Jay sixth 481 00:29:02,120 --> 00:29:05,320 Speaker 1: Committee was illegitimate from the start. Liz Channey was not 482 00:29:05,480 --> 00:29:08,760 Speaker 1: the ranking member. A ranking member is appointed by the 483 00:29:08,840 --> 00:29:13,320 Speaker 1: minority party to be the highest member, shall we say, 484 00:29:13,760 --> 00:29:17,320 Speaker 1: on a committee that's in the minority. So we operate 485 00:29:17,360 --> 00:29:22,240 Speaker 1: a committee system in Congress, and the majority party get 486 00:29:22,280 --> 00:29:25,280 Speaker 1: to nominate the majority on a committee. It reflects the 487 00:29:25,440 --> 00:29:28,880 Speaker 1: entire body, and that's how legislation is filtered. And now 488 00:29:28,920 --> 00:29:31,280 Speaker 1: it gets marked up and finally to the floor. The 489 00:29:31,400 --> 00:29:35,560 Speaker 1: minority party still has rights though we don't have. I mean, 490 00:29:35,600 --> 00:29:38,560 Speaker 1: that is the difference early between Republicans and Democrats right now, 491 00:29:39,520 --> 00:29:42,160 Speaker 1: republic or Democrats think that if you have fifty percent 492 00:29:42,280 --> 00:29:44,920 Speaker 1: point one you can do whatever the hell you want 493 00:29:44,920 --> 00:29:47,640 Speaker 1: to the other forty nine point nine percent. But we 494 00:29:47,720 --> 00:29:51,240 Speaker 1: have individual and minority rights in this country and in Congress, 495 00:29:51,440 --> 00:29:54,520 Speaker 1: and the minority party gets to appoint their members. Pelosi 496 00:29:54,600 --> 00:29:58,440 Speaker 1: did not let Kevin McCarthy appoint Jim Banks or Jim 497 00:29:58,520 --> 00:30:02,480 Speaker 1: Jordan to that committee. She hands selected Cheney and kinsing her. 498 00:30:03,600 --> 00:30:06,800 Speaker 1: Therefore she is not the ranking member. It was an 499 00:30:07,040 --> 00:30:11,520 Speaker 1: illegitimate at least has it refers to protocol committee to 500 00:30:11,560 --> 00:30:15,640 Speaker 1: begin with. It was a sham. I write about it 501 00:30:15,640 --> 00:30:17,960 Speaker 1: in the newsletter. Check it out at Substack, Ellis and 502 00:30:18,240 --> 00:30:20,960 Speaker 1: Grand Rapids. Thanks for your patients. You're on the Clayton 503 00:30:21,040 --> 00:30:26,280 Speaker 1: Buck Show with Jason Lewis. First, great filling host, great 504 00:30:26,320 --> 00:30:29,800 Speaker 1: selection you are. But my comment is about the border, 505 00:30:30,120 --> 00:30:33,320 Speaker 1: the southern border, the Constitution and the oath, the many 506 00:30:33,400 --> 00:30:38,680 Speaker 1: people's folds of the Constitution to protect this country from 507 00:30:38,720 --> 00:30:43,000 Speaker 1: all enemies foreign domestic. And I'm just saying the current 508 00:30:43,040 --> 00:30:47,480 Speaker 1: administration is a threat to the sovereignty of this country 509 00:30:47,760 --> 00:30:51,720 Speaker 1: by having an open southern border. I'm saying the administration 510 00:30:52,040 --> 00:30:56,360 Speaker 1: is an enemy domestic with the foreign part, with the 511 00:30:56,400 --> 00:30:59,360 Speaker 1: foreigners coming in on check. Wait, wait, aren't you concerned 512 00:30:59,360 --> 00:31:06,000 Speaker 1: about ras borders not from Europe? And that is the 513 00:31:06,000 --> 00:31:09,040 Speaker 1: great irony, and it's it's it's part of the dysfunction. Right. 514 00:31:09,040 --> 00:31:13,000 Speaker 1: We have runaway inflation, so we pass an omnimus bill. Um, 515 00:31:13,840 --> 00:31:17,760 Speaker 1: we have an open border, so we spend billions on 516 00:31:18,040 --> 00:31:21,120 Speaker 1: Ukraine's grid and on their border. Um, there is a 517 00:31:21,400 --> 00:31:25,600 Speaker 1: dysfunction right now in America that has most people crazy. 518 00:31:26,240 --> 00:31:30,240 Speaker 1: And we're not for the gas lighting by quite frankly, 519 00:31:30,400 --> 00:31:33,640 Speaker 1: the media, the Democrat and media complex. We might do 520 00:31:33,720 --> 00:31:37,960 Speaker 1: something about it. Um, we've got China. You know, China 521 00:31:38,000 --> 00:31:40,320 Speaker 1: is the real threat if you're looking for a threat. 522 00:31:40,640 --> 00:31:44,360 Speaker 1: But you're quite right. And McCarthy has said they will 523 00:31:44,440 --> 00:31:49,040 Speaker 1: go after the DHS secretary. And if that quote unquote 524 00:31:49,080 --> 00:31:53,240 Speaker 1: impeachment hearing as it were, if he doesn't resign leads 525 00:31:53,280 --> 00:31:55,960 Speaker 1: to his impeachment, why would it not go to the 526 00:31:56,000 --> 00:31:59,080 Speaker 1: big guy, Well, then I should go to the Vice president, 527 00:31:59,080 --> 00:32:03,520 Speaker 1: who's the borders art, who's dereliction of her duties? You 528 00:32:03,600 --> 00:32:11,880 Speaker 1: know it is well, look the Constitution is no obstacle. Recall, 529 00:32:12,240 --> 00:32:14,840 Speaker 1: one of the first things Biden did was to grant 530 00:32:14,840 --> 00:32:20,240 Speaker 1: amnesty to Dreamers under the DOCCER program until a judge says, I, really, 531 00:32:20,280 --> 00:32:23,680 Speaker 1: you can't do that under prosecutorial discretion. That has to 532 00:32:23,720 --> 00:32:28,360 Speaker 1: be legislatively enacted. So the Constitution poses no threat to 533 00:32:28,520 --> 00:32:31,040 Speaker 1: these people. They know what they want. They've jumped the 534 00:32:31,080 --> 00:32:35,920 Speaker 1: shark on immigration. The New Way Forward Act would be 535 00:32:36,160 --> 00:32:40,600 Speaker 1: basically amnesty at taxpayer expense. So you may very well 536 00:32:40,640 --> 00:32:43,880 Speaker 1: be onto something. We'll see what happens in the next Congress, 537 00:32:43,920 --> 00:32:46,560 Speaker 1: and we'll see if they follow through and give as 538 00:32:46,600 --> 00:32:50,760 Speaker 1: good as they get. And that's what really Republicans want 539 00:32:51,080 --> 00:32:53,880 Speaker 1: on all of this. It's bankrupting the country, it's putting 540 00:32:53,880 --> 00:32:58,200 Speaker 1: the country at risk, and that is something that members 541 00:32:58,200 --> 00:33:02,160 Speaker 1: of Congress have a responsibility to undue. Let's see if 542 00:33:02,200 --> 00:33:05,320 Speaker 1: they do it. It was ironically it was Biden's Refugee 543 00:33:05,360 --> 00:33:08,400 Speaker 1: Act of nineteen eighty TOCCA flat Travis and Buck Sexton 544 00:33:09,160 --> 00:33:11,240 Speaker 1: on the front lines of truth