1
00:00:00,040 --> 00:00:02,800
Speaker 1: Pelosi in or fellow Democrats have passed a radical three

2
00:00:02,840 --> 00:00:05,320
Speaker 1: trillion dollar bill which is going to slow down the

3
00:00:05,360 --> 00:00:13,680
Speaker 1: economic recovery dramatically. The Democrats and House Representatives passed Speaker

4
00:00:13,720 --> 00:00:18,560
Speaker 1: Pelosi's one thousand, eight hundred and fifteen page three trillion

5
00:00:18,600 --> 00:00:22,599
Speaker 1: dollars bill to radical change America on Friday eight fifteenth.

6
00:00:23,480 --> 00:00:26,720
Speaker 1: When a bill has a thousand, eight hundred and fifteen pages,

7
00:00:27,120 --> 00:00:30,720
Speaker 1: it is almost impossible to grasp how many radical and

8
00:00:30,840 --> 00:00:34,479
Speaker 1: dangerous things can be buried in it. This is the

9
00:00:34,520 --> 00:00:37,320
Speaker 1: fifth in a series of briefings on the Pelosi Bill

10
00:00:37,400 --> 00:00:40,200
Speaker 1: of the dangers it has for America. I will post

11
00:00:40,280 --> 00:00:42,920
Speaker 1: all the briefings for you to share at English three

12
00:00:43,000 --> 00:00:48,040
Speaker 1: sixty dot com slash Pelosi Bill disguised as the next

13
00:00:48,080 --> 00:00:51,840
Speaker 1: COVID nineteen stimulus package. Pelosi's bill is really an effort

14
00:00:51,840 --> 00:00:55,600
Speaker 1: to create a very different America, with the three trillion

15
00:00:55,640 --> 00:00:59,000
Speaker 1: dollars as the lure to sweeten and to some extent,

16
00:00:59,120 --> 00:01:02,800
Speaker 1: high the radicalism. The Pelosi Bill is full of new

17
00:01:02,880 --> 00:01:06,600
Speaker 1: ways to spend money, including cash handouts for people in

18
00:01:06,640 --> 00:01:09,880
Speaker 1: the country illegally, allowing people in the country illegally to

19
00:01:09,920 --> 00:01:13,319
Speaker 1: work even with more than twenty one million Americans unemployed,

20
00:01:13,800 --> 00:01:17,600
Speaker 1: funding for tax paid abortions and handouts to state and

21
00:01:17,720 --> 00:01:21,720
Speaker 1: local governments, along with one hundred and thirty billion dollars

22
00:01:21,760 --> 00:01:25,360
Speaker 1: tax break for the richest people in high tax states

23
00:01:25,360 --> 00:01:29,440
Speaker 1: and cities governed by Democrats. This briefing will focus on

24
00:01:29,440 --> 00:01:32,760
Speaker 1: how Pelosi's radical bill is designed to slow down the

25
00:01:32,800 --> 00:01:37,319
Speaker 1: recovery of the US economy. Her bill extends on employment insurance,

26
00:01:37,800 --> 00:01:41,839
Speaker 1: raises taxes on businesses, raises costs of hiring new employees,

27
00:01:42,200 --> 00:01:46,040
Speaker 1: and extends on reasonable regulations. This is an attempt to

28
00:01:46,080 --> 00:01:50,680
Speaker 1: federalize our free economy by extending six hundred dollars a

29
00:01:50,680 --> 00:01:54,760
Speaker 1: week of extra unemployment insurance until January thirty first, two

30
00:01:55,040 --> 00:02:00,760
Speaker 1: twenty one. Pelosi unflow. Democrats are incentivizing people to work.

31
00:02:01,320 --> 00:02:03,880
Speaker 1: After all, the federal government is offering them a free

32
00:02:03,880 --> 00:02:07,120
Speaker 1: paycheck that is worth thirty one thousand, two hundred dollars

33
00:02:07,160 --> 00:02:10,000
Speaker 1: a year and more than thirty eight states. It will

34
00:02:10,040 --> 00:02:13,640
Speaker 1: be more profitable to stay at home unemployed than to

35
00:02:13,680 --> 00:02:16,280
Speaker 1: get out of bed and go to work. This extension,

36
00:02:16,400 --> 00:02:20,480
Speaker 1: this program from the CARES that called Federal Pandemic Unemployment

37
00:02:20,480 --> 00:02:24,839
Speaker 1: Compensation Program, provides no incentive for people to go back

38
00:02:24,840 --> 00:02:28,920
Speaker 1: to Work. Pelosi ends this supplement on employment program after

39
00:02:29,280 --> 00:02:35,040
Speaker 1: the January presidential inauguration. Additionally, the bill raises taxes on businesses.

40
00:02:35,440 --> 00:02:38,400
Speaker 1: He would make changes to the net operating loss provisions

41
00:02:38,480 --> 00:02:42,240
Speaker 1: in the Successful Cares Act. Net operating loss is an

42
00:02:42,240 --> 00:02:45,600
Speaker 1: important attribute for businesses. Firms would no longer be able

43
00:02:45,600 --> 00:02:49,280
Speaker 1: to apply net operating losses to tax cheers prior to

44
00:02:49,360 --> 00:02:53,679
Speaker 1: two eighteen. Therefore, it prevents them from applying the losses

45
00:02:53,680 --> 00:02:57,400
Speaker 1: from higher tax rates that prevailed before the tax cuts,

46
00:02:57,400 --> 00:03:01,320
Speaker 1: and jobs at businesses will suffer due to this careless provision.

47
00:03:01,680 --> 00:03:05,000
Speaker 1: It is simply an attempt to undo President frum successful

48
00:03:05,040 --> 00:03:09,560
Speaker 1: tax cuts by standing paid leave programs to previously exempt.

49
00:03:09,600 --> 00:03:13,160
Speaker 1: In small businesses, the cost of hiring people will increase.

50
00:03:13,960 --> 00:03:17,360
Speaker 1: This bill would require all employers to provide paid sick

51
00:03:17,400 --> 00:03:20,800
Speaker 1: and emergency leave under the Family Medical Leave Act to workers,

52
00:03:21,120 --> 00:03:24,320
Speaker 1: no matter how big or small their companies are. This

53
00:03:24,400 --> 00:03:30,000
Speaker 1: would significantly expand the eligibility requirements for paid lead. Employees

54
00:03:30,000 --> 00:03:32,400
Speaker 1: would be eligible to take up to two weeks of

55
00:03:32,440 --> 00:03:35,480
Speaker 1: emergency paid sick leave, as well as up to twelve

56
00:03:35,480 --> 00:03:39,120
Speaker 1: weeks of emergency family leave for a host of reasons

57
00:03:39,120 --> 00:03:44,720
Speaker 1: described in the bill. Additionally, it would temporarily suspend minimum

58
00:03:44,760 --> 00:03:49,440
Speaker 1: hour eligibility requirements as well as reduced tenure requirements for

59
00:03:49,600 --> 00:03:53,520
Speaker 1: non emergency family This will have a profound impact on

60
00:03:53,560 --> 00:03:57,280
Speaker 1: small businesses which hire many part time employees and will

61
00:03:57,320 --> 00:04:00,920
Speaker 1: not ensure these employees have family lead. It will ensure

62
00:04:01,160 --> 00:04:03,680
Speaker 1: these employees will not have jobs because the companies that

63
00:04:03,760 --> 00:04:06,040
Speaker 1: pay them will be out of business. They will simply

64
00:04:06,040 --> 00:04:08,760
Speaker 1: not be able to pay both for wages and extended

65
00:04:08,800 --> 00:04:14,440
Speaker 1: family benefits for their employees. Finally, Pelosi's radical bill would

66
00:04:14,440 --> 00:04:19,440
Speaker 1: create new Occupational Safety and Health Administration regulations to cover everyone.

67
00:04:19,760 --> 00:04:24,159
Speaker 1: These new OSHA regulations would be applied to everyone, including

68
00:04:24,240 --> 00:04:28,240
Speaker 1: small businesses that normally would not be impacted. This bill

69
00:04:28,279 --> 00:04:32,640
Speaker 1: would allow Washington bureaucrats to set national standards for COVID nineteen.

70
00:04:33,120 --> 00:04:36,680
Speaker 1: This means OSHA would develop an issue a temporary final

71
00:04:36,760 --> 00:04:41,640
Speaker 1: standard which would apply nationwide to any business, regardless of

72
00:04:41,720 --> 00:04:44,240
Speaker 1: how many in their communities or states were in fact

73
00:04:44,279 --> 00:04:47,400
Speaker 1: to with COVID nineteen. Even states that use their own

74
00:04:47,400 --> 00:04:50,960
Speaker 1: OSHA approved state plant as their own safety standard would

75
00:04:50,960 --> 00:04:54,240
Speaker 1: be required to adopt a similar rule within fourteen days

76
00:04:54,240 --> 00:04:58,360
Speaker 1: of enactment. Pelosi's plan to federalize and mandate our businesses

77
00:04:58,520 --> 00:05:02,279
Speaker 1: is incredible. It's clear she has no interest in helping

78
00:05:02,279 --> 00:05:06,400
Speaker 1: small businesses or improve the economy. Having our small businesses

79
00:05:06,480 --> 00:05:10,080
Speaker 1: felt enough hurt from COVID nineteen, the Pelosi Bill is

80
00:05:10,120 --> 00:05:13,640
Speaker 1: not a heroic bill that hurts our economy, our recovery,

81
00:05:13,760 --> 00:05:16,640
Speaker 1: and our people. There are a number of other radical

82
00:05:16,640 --> 00:05:20,039
Speaker 1: provisions in the Pelosi three trillion dollars bill, and we

83
00:05:20,080 --> 00:05:22,440
Speaker 1: will get to them in a series of briefings. You

84
00:05:22,480 --> 00:05:25,640
Speaker 1: can read them all at Gingwich three sixty dot com

85
00:05:25,760 --> 00:05:27,080
Speaker 1: slash Pelosi Bill