Speaker 1: Bill cunning in the Great American across the great debate
Speaker 1: between Kamala Harris and Donald Trump is on the horizon,
Speaker 1: is going to be one of those things that be
Speaker 1: bigger than Montana.
Speaker 2: That is.
Speaker 1: The last great debate like this, I think was Ronald
Speaker 1: Reagan against Jimmy Carter at the end of the nineteen
Speaker 1: eighty election. Because there's about sixty percent of the American
Speaker 1: people that have no idea what are the policies of
Speaker 1: Kamala Harris, he goes. What's occurred is that about a
Speaker 1: billion dollars has been spent to redefine Kamala Harris as
Speaker 1: as something she isn't. And on top of that, the
Speaker 1: gushing media coverage of Kamala Harris means that many Americans
Speaker 1: are saying, well, well, we'd like to elect a sixty
Speaker 1: year old woman who makes some sense. But is that
Speaker 1: Kamala Harris? And if she gets into office, will she
Speaker 1: do what Senator Bernie Sanders said Sunday morning on Meet
Speaker 1: the Press, and what Senator Sanader said, let's face it,
Speaker 1: you have to say what you got to say to
Speaker 1: get elected, doesn't mean she believes that. In fact, Senator Sanders,
Speaker 1: her friend in the US Senator has said that yesterday
Speaker 1: that when she gets elected, she'll be a progressive liberal
Speaker 1: as she's always been so Essentially, Senator Bernie Sanders said
Speaker 1: that Kamala Harris is lying to you to get your vote.
Speaker 1: How does that work? Joining you and I now is
Speaker 1: the excellent Grover Norquist of Americans for Tax Reform, which
Speaker 1: talks about economic policy. I have the website up right now.
Speaker 1: It's a great website. And Grover Norquist, welcome again to
Speaker 1: the Bill Cunningham Show. And Grover, as you get ready
Speaker 1: for tomorrow night's debate. When it comes to economics, let's
Speaker 1: first break down what are the policies known of Kamala
Speaker 1: Harris and compare them with the policies of Donald Trump.
Speaker 3: Absolutely, Kamala Harris starts every one of her campaign speeches
Speaker 3: in the past by saying, on day one, she's going
Speaker 3: to repeal the Trump tax cuts.
Speaker 2: What does that mean?
Speaker 3: The per child tax credit goes away, the lower tax
Speaker 3: rates for small businesses go away, the expensing for new invents,
Speaker 3: which has brought so much investment into the.
Speaker 2: United States, that goes away.
Speaker 3: Treating American earnings overseas so they can be brought back
Speaker 3: without being punished as Obama did. He said, no, not
Speaker 3: keep your money in Japan, keep it in Germany. Don't
Speaker 3: bring it back to the United States. Trump said, no, for
Speaker 3: Heaven's sake, bring it back to the United States. She
Speaker 3: wants to go back to the Obama which trapped trillions,
Speaker 3: literally trillions of US dollars earned by American companies overseas,
Speaker 3: trap them overseas instead of having them come back to
Speaker 3: the United States, which they did under Trump. She wants
Speaker 3: to change that. She wants to take the capital games tax.
Speaker 3: If you and your spouse have been setting a small
Speaker 3: business and working for decades, all the time paying your
Speaker 3: property taxes, in your sales taxes, and your personal income taxes,
Speaker 3: and your corporating come taxes and all these different taxes,
Speaker 3: and then you get to the end, you're going to
Speaker 3: sell the small business, sell the farm, sell the land,
Speaker 3: sell whatever you created during your lifetime, and retire on that.
Speaker 3: She wants the capital games tax to be one where
Speaker 3: in Ohio would be thirty six point five percent, more
Speaker 3: than a third, more than a third, and yet to
Speaker 3: add the state capital gains tax to the federal capital
Speaker 3: games tax, she would wipe out your life savings. Anyone
Speaker 3: that capital gains tax, she wants to appers spend. If
Speaker 3: you're stupid enough to die, she wants a second death tax.
Speaker 3: She's been advertising that's just the normal one, which it
Speaker 3: tells you any you can't pass on a farm or
Speaker 3: business or things in tax to your children. But this
Speaker 3: is one that captures all the information during your life.
Speaker 3: She wants to be sure that that is taxed. And
Speaker 3: as somebody who who actually was the spring vote for
Speaker 3: the two most expensive tax and spending bills under Biden,
Speaker 3: I mean, sometimes people want to blame Biden.
Speaker 2: If she hadn't passed that vote for the.
Speaker 3: Massive spending bills, the two big ones, then they have
Speaker 3: been nothing for Biden's sign. So she owns the inflation
Speaker 3: she created even more than Biden, even more than Biden
Speaker 3: because as vice president she did what very few vice
Speaker 3: presidents do. She was the deciding vote on these key issues.
Speaker 3: So she has also talked about at tax on realized capital.
Speaker 2: Games.
Speaker 3: You have something that goes up in value, you haven't
Speaker 3: sold it, you have no.
Speaker 2: Cash, she wants to tax it.
Speaker 3: This is something that would be devastating to the American economy.
Speaker 3: It would what she's doing will drive investment by people
Speaker 3: around the world to China and to Japan and the
Speaker 3: Europe and away from the United States, the opposite of
Speaker 3: what Trump did when he was president. But also he says, look,
Speaker 3: we were so successful by taking our corporate down to
Speaker 3: like the European average, We're going to take it down
Speaker 3: to fifteen, which is lower than most European countries, which
Speaker 3: will bring more jobs to America. I was just in
Speaker 3: a conference in Germany with conservatives that right positions from
Speaker 3: all around there. They think, if the United States goes
Speaker 3: to fifteen, Europe is going to have to follow because
Speaker 3: we would make the United States such an economic powerhouse.
Speaker 1: Well, the other the big is let's say Tony Benner
Speaker 1: has a business and he's worked out of his entire life.
Speaker 1: He has many employees that he's paid, and he's paid
Speaker 1: his own taxes. And now if Kamala Harris becomes the president,
Speaker 1: she's going to grossly increase the earnings the taxes he
Speaker 1: has to pay on earnings. He then has some capital
Speaker 1: gains that's going to be the highest in the civilized world.
Speaker 1: She wants to get it up to twenty eight percent.
Speaker 1: And then if he's got four or five kids, there
Speaker 1: goes to child tax credit, So there's more tax on earnings,
Speaker 1: more tax on the not the child tax credit goes
Speaker 1: away unrealized gains. Let's say he's got a business worth
Speaker 1: I don't know, a million dollars and every year he's
Speaker 1: got to pay tax on the unrealized gain and what
Speaker 1: someone says the business is worth. And then can you
Speaker 1: recaptured at the end when you sell it. The answer
Speaker 1: is probably not. Then if it happens to die, you're
Speaker 1: going to pay more on earnings, less than child tax credits,
Speaker 1: more in unrealized gains, more on capital gains than if
Speaker 1: you happen to die, then you pay more than two.
Speaker 1: So the issue is what's the benefit of being an
Speaker 1: entrepreneur and creating all these jobs when in fact you'll
Speaker 1: be taxed to death. And that's her policy. And I
Speaker 1: find amazing, Grover Norquist that yesterday, I'm sorry, on Sunday
Speaker 1: morning you had sent you had Senator Elizabeth Warren on
Speaker 1: one channel on Bernie's Anders and the other saying she's
Speaker 1: saying these things just to get elected, and she doesn't
Speaker 1: believe this, and she really wants to govern like a
Speaker 1: San Francisco liberal and the last day or two that
Speaker 1: there's been no media coverage of what he said she's
Speaker 1: going to do, and shouldn't Donald Trump point that out
Speaker 1: during the Great Debate.
Speaker 3: First all the press, if there were any journalists there,
Speaker 3: they would point it out because it's so painfully obvious.
Speaker 3: And of course she would not be the first liberal
Speaker 3: Democrat to do this. Clinton promised he was going to
Speaker 3: never tax anybody who earned less than one hundred and
Speaker 3: fifty thousand dollars a year, and then of course he
Speaker 3: immediately went to tax energy and gasoline, which is everybody then,
Speaker 3: but he did get him elected. That lie got him elected.
Speaker 3: Then Biden ran an ad saying he'd never I said
Speaker 3: before Biden Obama said he'd never raised taxes on anyone
Speaker 3: who earned lesson two hundred and fifty thousand dollars a year, and.
Speaker 2: People go, that's not me. That turned around.
Speaker 3: There are eight taxes on middle income people in Obamacare alone.
Speaker 3: The first thing he did was raised taxed on cigarette
Speaker 3: smokers average income thirty five thousand dollars a year. So
Speaker 3: he went immediately after middle class voters, and in the
Speaker 3: case of smokers, people who are addicted to something that's hardly
Speaker 3: that's shooting fish in a barrel.
Speaker 2: That's not very nice.
Speaker 3: And then you turn around and you have Biden, who
Speaker 3: has promised you wouldn't raise tax on anyone earned.
Speaker 2: Less than four thousand dollars.
Speaker 3: So they keep raising that number, trying to convince you
Speaker 3: that you are not the target of their tax increases.
Speaker 3: But she and Biden and the entire Democratic Party have
Speaker 3: been talking about energy taxes quote unquote.
Speaker 2: Carbon taxes all the time.
Speaker 3: They haven't put a dollar figure on it because they
Speaker 3: realize how wildly unpopular it is. The Republicans in the
Speaker 3: House have several times put a measure on the ballot,
Speaker 3: a resolution, and every single Republican has said, we oppose
Speaker 3: a carbon tax, a tax on energy under any name,
Speaker 3: under any guys. And I think one or two Democrats
Speaker 3: voted for that. The rest of the Democratic Party wants
Speaker 3: to raise taxes on energy.
Speaker 1: There are pack of dogs. They followed the leader. Mark
Speaker 1: Cuban called in a CNBC last week and talked about
Speaker 1: Kamala Harris. And Mark Cuban is a supporter of Kamala Harris.
Speaker 1: Who was I think Mark Cuban was undressed by the
Speaker 1: commentators in which he said, quote if you tax unrealized gains,
Speaker 1: you're going to kill the stock market. Quote unquote, even
Speaker 1: Mark Cuban says you can't do that. So that being
Speaker 1: the policy, how in the world can Kamala Harris. Maybe
Speaker 1: the average American doesn't know what a child tax credit is,
Speaker 1: or doesn't know what what unrealized gains are, doesn't know
Speaker 1: about capital gains or bringing money from overseas back into
Speaker 1: the country. One thing they do know is that they
Speaker 1: want the stock market up. You can be in a
Speaker 1: labor union. You got to rely upon your IRA or
Speaker 1: four oh one k, which is now pretty high. And
Speaker 1: even Mark Cuban understands when you tax unrealized gains, there
Speaker 1: goes the stock market. Can you walk through what happens
Speaker 1: to an entrepreneur starting a business, who and after three
Speaker 1: or four years he's got like a ten million dollar value,
Speaker 1: which is going to be taxing? The patent under Trumpet
Speaker 1: wouldn't be tax What does that do to employment for
Speaker 1: average Americans? For the butchers, the bakers, and the candlestick makers.
Speaker 1: When Kamala Harris imposes an unrealized tax, what does that
Speaker 1: do to future employment?
Speaker 3: Well, it hurts both employment and wages. Even if you
Speaker 3: have a job, your wages will go down. This is
Speaker 3: what all of the studies told us, for instance about
Speaker 3: the corporate income tax. But it's true about the capital
Speaker 3: games tax and other taxes like that, taxes on savings.
Speaker 2: Why, because the pay an American.
Speaker 3: Gets is a function of how much capital is attached
Speaker 3: to that job. If you have a better truck, the
Speaker 3: trucker can get paid more. If you have a better
Speaker 3: computer rather than a typewriter, the secretary can get paid
Speaker 3: more every time. If you have more machinery on an
Speaker 3: assembly line, then the workers get paid more. You get
Speaker 3: paid based We're all sort of basically the same in
Speaker 3: terms of two arms, two legs and everything. But the
Speaker 3: more capital attached to us. The reason why Americans get
Speaker 3: paid more of the people in China or in Europe
Speaker 3: and were much higher standard of living in the Europeans
Speaker 3: do people don't comment until you go visit the place
Speaker 3: and notice why, because we have more capital, more investment
Speaker 3: for each company per person, and they are more productive
Speaker 3: and well.
Speaker 2: But and the reason why they have.
Speaker 3: To pay people more is the factory down the road,
Speaker 3: the farm down the road, the grocery store does they'll
Speaker 3: pay you more if your guy doesn't because they've got
Speaker 3: more capital per workers. So it's not like somebody can go, oh,
Speaker 3: look everybody's more productive.
Speaker 2: I'll take it all home. No you won't, or your
Speaker 2: workers will go home.
Speaker 3: So workers have more cloud because they have more capital
Speaker 3: to work where they get paid more. When you cut
Speaker 3: the corporate rate, you increase wages. When you increase the
Speaker 3: corporate rate, you decrease wages. And it was a wonderful
Speaker 3: set of store studies that Kevin hasse a great economists
Speaker 3: who Trump listened to walk through that. And that's why
Speaker 3: Trump said We're going to cut the corporate rate, which
Speaker 3: is just a hidden tax on wages.
Speaker 2: You know.
Speaker 3: The Democrats like to act as if there's a guy
Speaker 3: named mister General Motors, you know, and he pays the
Speaker 3: corporate contact for the rest.
Speaker 2: Think at the grocery store.
Speaker 3: You raise the corporate income tax on a grocery store,
Speaker 3: the price of peace goes up, the price of paper
Speaker 3: towels goes up, the price everything goes up, and wages
Speaker 3: go down because the company has to remain competitive, and
Speaker 3: you're all of a sudden taking more of their ability
Speaker 3: to invest away from them. So not only are those
Speaker 3: taxes destructive. They're really dishonest, and the and the politicians
Speaker 3: like Kamala Harrison.
Speaker 2: Said, oh, I'm not to tax you.
Speaker 3: No, I attack your employer and he will have to
Speaker 3: pay you less because I stole his money.
Speaker 2: But pretend I didn't do that.
Speaker 3: Why don't you get mad at your employer because he
Speaker 3: doesn't have the money to pay you because I store
Speaker 3: it well, the other you get mad at you, Kamala.
Speaker 1: In grosven Nor request in Cincinnati, the Kroger began here,
Speaker 1: the Kroger supermarket. When you say to to Rodney McMullen,
Speaker 1: a friend of mine who runs Kroger, that we're going
Speaker 1: to increase your taxes, companies corporation to not pay taxes,
Speaker 1: they pass on the cost of that tax and the
Speaker 1: form of higher prices that Tony Bender pays at the supermarket.
Speaker 1: And Tony Bender understands that, but many Americans don't understand.
Speaker 1: Don't tax you, don't tax me, tax that fella behind
Speaker 1: the tree. When you increase business taxes, that means all
Speaker 1: consumers pay more at the grocery store. Do you think
Speaker 1: average Americans are now figuring that out? Because I'm not
Speaker 1: sure Tony Bender hands, I mean think about that.
Speaker 2: Here's the good news.
Speaker 3: We did some polling on this Americans for Tax from
Speaker 3: the Tax Group Today organized when Trump's tax cut was
Speaker 3: put forward, and I got tired of hearing the press
Speaker 3: tell people that, oh, it's not going to be a
Speaker 3: tax on people, It's going to be taxed on corporations.
Speaker 3: We did some focus groups and some pulling, and the
Speaker 3: good news is the American people actually understand that corporate
Speaker 3: income taxes raise prices, corporating of taxes depressed wages. Our
Speaker 3: corporate income tax. Before Trump's tax cuts with thirty five
Speaker 3: percent China fifteen and twenty five, we were at thirty
Speaker 3: five oh plus four percent average state tax, so thirty nine, okay,
Speaker 3: and that went down to twenty one. When we were
Speaker 3: at thirty nine, every American competing with a Chinese worker
Speaker 3: started behind the eight ball because the taxes that had
Speaker 3: to be paid come out of We have to compete
Speaker 3: with higher taxes than China did before Trump.
Speaker 2: And with Kamala Harris, she wants to take it up.
Speaker 3: The corporate income tax up dramatically, so it's higher than China,
Speaker 3: and Americans will have to compete not on lower taxes
Speaker 3: or less regulation, but on lower price wages. And that's
Speaker 3: the difference between Trump who wants us to compete on
Speaker 3: a less expensive government and a higher wage paid workers,
Speaker 3: and Kamala Harris says, no, no, the government should have all
Speaker 3: the regulations they want, the government should have more taxes.
Speaker 3: We will have Americans compete on lower wages. And that
Speaker 3: says very different visions for the future.
Speaker 1: Well, I hope Americans become informed that whenever she says
Speaker 1: we're going to have a carbon tax, I mean the
Speaker 1: price of gasoline, oil, natural gas, and coal is going up,
Speaker 1: and consumers pay all the taxes in this country, not
Speaker 1: the companies, not the corporations. All the information is that
Speaker 1: Americans for tax reform. And Grover nor Quish, you're a
Speaker 1: great American. Once again, thank you for coming on the
Speaker 1: Bill Cunningham Show, and Grover, let's do it again. Thank
Speaker 1: you very much. Thank you, God bless America. Let's continue
Speaker 1: with more. Understand that one Democrats say we're going to
Speaker 1: tax corporations, that the consumers pay all the taxes in
Speaker 1: the whole country. That means the cost of living goes
Speaker 1: up for you, not for the company. Bill Cunningham News
Speaker 1: Radio seven hundred WLW