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<v Speaker 1>Bill cunning in the Great American across the great debate

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<v Speaker 1>between Kamala Harris and Donald Trump is on the horizon,

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<v Speaker 1>is going to be one of those things that be

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<v Speaker 1>bigger than Montana.

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<v Speaker 2>That is.

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<v Speaker 1>The last great debate like this, I think was Ronald

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<v Speaker 1>Reagan against Jimmy Carter at the end of the nineteen

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<v Speaker 1>eighty election. Because there's about sixty percent of the American

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<v Speaker 1>people that have no idea what are the policies of

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<v Speaker 1>Kamala Harris, he goes. What's occurred is that about a

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<v Speaker 1>billion dollars has been spent to redefine Kamala Harris as

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<v Speaker 1>as something she isn't. And on top of that, the

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<v Speaker 1>gushing media coverage of Kamala Harris means that many Americans

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<v Speaker 1>are saying, well, well, we'd like to elect a sixty

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<v Speaker 1>year old woman who makes some sense. But is that

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<v Speaker 1>Kamala Harris? And if she gets into office, will she

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<v Speaker 1>do what Senator Bernie Sanders said Sunday morning on Meet

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<v Speaker 1>the Press, and what Senator Sanader said, let's face it,

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<v Speaker 1>you have to say what you got to say to

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<v Speaker 1>get elected, doesn't mean she believes that. In fact, Senator Sanders,

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<v Speaker 1>her friend in the US Senator has said that yesterday

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<v Speaker 1>that when she gets elected, she'll be a progressive liberal

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<v Speaker 1>as she's always been so Essentially, Senator Bernie Sanders said

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<v Speaker 1>that Kamala Harris is lying to you to get your vote.

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<v Speaker 1>How does that work? Joining you and I now is

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<v Speaker 1>the excellent Grover Norquist of Americans for Tax Reform, which

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<v Speaker 1>talks about economic policy. I have the website up right now.

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<v Speaker 1>It's a great website. And Grover Norquist, welcome again to

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<v Speaker 1>the Bill Cunningham Show. And Grover, as you get ready

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<v Speaker 1>for tomorrow night's debate. When it comes to economics, let's

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<v Speaker 1>first break down what are the policies known of Kamala

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<v Speaker 1>Harris and compare them with the policies of Donald Trump.

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<v Speaker 3>Absolutely, Kamala Harris starts every one of her campaign speeches

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<v Speaker 3>in the past by saying, on day one, she's going

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<v Speaker 3>to repeal the Trump tax cuts.

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<v Speaker 2>What does that mean?

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<v Speaker 3>The per child tax credit goes away, the lower tax

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<v Speaker 3>rates for small businesses go away, the expensing for new invents,

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<v Speaker 3>which has brought so much investment into the.

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<v Speaker 2>United States, that goes away.

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<v Speaker 3>Treating American earnings overseas so they can be brought back

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<v Speaker 3>without being punished as Obama did. He said, no, not

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<v Speaker 3>keep your money in Japan, keep it in Germany. Don't

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<v Speaker 3>bring it back to the United States. Trump said, no, for

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<v Speaker 3>Heaven's sake, bring it back to the United States. She

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<v Speaker 3>wants to go back to the Obama which trapped trillions,

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<v Speaker 3>literally trillions of US dollars earned by American companies overseas,

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<v Speaker 3>trap them overseas instead of having them come back to

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<v Speaker 3>the United States, which they did under Trump. She wants

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<v Speaker 3>to change that. She wants to take the capital games tax.

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<v Speaker 3>If you and your spouse have been setting a small

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<v Speaker 3>business and working for decades, all the time paying your

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<v Speaker 3>property taxes, in your sales taxes, and your personal income taxes,

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<v Speaker 3>and your corporating come taxes and all these different taxes,

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<v Speaker 3>and then you get to the end, you're going to

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<v Speaker 3>sell the small business, sell the farm, sell the land,

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<v Speaker 3>sell whatever you created during your lifetime, and retire on that.

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<v Speaker 3>She wants the capital games tax to be one where

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<v Speaker 3>in Ohio would be thirty six point five percent, more

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<v Speaker 3>than a third, more than a third, and yet to

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<v Speaker 3>add the state capital gains tax to the federal capital

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<v Speaker 3>games tax, she would wipe out your life savings. Anyone

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<v Speaker 3>that capital gains tax, she wants to appers spend. If

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<v Speaker 3>you're stupid enough to die, she wants a second death tax.

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<v Speaker 3>She's been advertising that's just the normal one, which it

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<v Speaker 3>tells you any you can't pass on a farm or

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<v Speaker 3>business or things in tax to your children. But this

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<v Speaker 3>is one that captures all the information during your life.

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<v Speaker 3>She wants to be sure that that is taxed. And

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<v Speaker 3>as somebody who who actually was the spring vote for

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<v Speaker 3>the two most expensive tax and spending bills under Biden,

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<v Speaker 3>I mean, sometimes people want to blame Biden.

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<v Speaker 2>If she hadn't passed that vote for the.

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<v Speaker 3>Massive spending bills, the two big ones, then they have

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<v Speaker 3>been nothing for Biden's sign. So she owns the inflation

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<v Speaker 3>she created even more than Biden, even more than Biden

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<v Speaker 3>because as vice president she did what very few vice

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<v Speaker 3>presidents do. She was the deciding vote on these key issues.

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<v Speaker 3>So she has also talked about at tax on realized capital.

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<v Speaker 2>Games.

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<v Speaker 3>You have something that goes up in value, you haven't

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<v Speaker 3>sold it, you have no.

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<v Speaker 2>Cash, she wants to tax it.

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<v Speaker 3>This is something that would be devastating to the American economy.

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<v Speaker 3>It would what she's doing will drive investment by people

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<v Speaker 3>around the world to China and to Japan and the

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<v Speaker 3>Europe and away from the United States, the opposite of

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<v Speaker 3>what Trump did when he was president. But also he says, look,

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<v Speaker 3>we were so successful by taking our corporate down to

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<v Speaker 3>like the European average, We're going to take it down

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<v Speaker 3>to fifteen, which is lower than most European countries, which

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<v Speaker 3>will bring more jobs to America. I was just in

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<v Speaker 3>a conference in Germany with conservatives that right positions from

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<v Speaker 3>all around there. They think, if the United States goes

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<v Speaker 3>to fifteen, Europe is going to have to follow because

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<v Speaker 3>we would make the United States such an economic powerhouse.

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<v Speaker 1>Well, the other the big is let's say Tony Benner

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<v Speaker 1>has a business and he's worked out of his entire life.

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<v Speaker 1>He has many employees that he's paid, and he's paid

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<v Speaker 1>his own taxes. And now if Kamala Harris becomes the president,

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<v Speaker 1>she's going to grossly increase the earnings the taxes he

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<v Speaker 1>has to pay on earnings. He then has some capital

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<v Speaker 1>gains that's going to be the highest in the civilized world.

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<v Speaker 1>She wants to get it up to twenty eight percent.

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<v Speaker 1>And then if he's got four or five kids, there

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<v Speaker 1>goes to child tax credit, So there's more tax on earnings,

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<v Speaker 1>more tax on the not the child tax credit goes

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<v Speaker 1>away unrealized gains. Let's say he's got a business worth

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<v Speaker 1>I don't know, a million dollars and every year he's

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<v Speaker 1>got to pay tax on the unrealized gain and what

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<v Speaker 1>someone says the business is worth. And then can you

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<v Speaker 1>recaptured at the end when you sell it. The answer

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<v Speaker 1>is probably not. Then if it happens to die, you're

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<v Speaker 1>going to pay more on earnings, less than child tax credits,

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<v Speaker 1>more in unrealized gains, more on capital gains than if

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<v Speaker 1>you happen to die, then you pay more than two.

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<v Speaker 1>So the issue is what's the benefit of being an

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<v Speaker 1>entrepreneur and creating all these jobs when in fact you'll

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<v Speaker 1>be taxed to death. And that's her policy. And I

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<v Speaker 1>find amazing, Grover Norquist that yesterday, I'm sorry, on Sunday

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<v Speaker 1>morning you had sent you had Senator Elizabeth Warren on

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<v Speaker 1>one channel on Bernie's Anders and the other saying she's

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<v Speaker 1>saying these things just to get elected, and she doesn't

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<v Speaker 1>believe this, and she really wants to govern like a

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<v Speaker 1>San Francisco liberal and the last day or two that

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<v Speaker 1>there's been no media coverage of what he said she's

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<v Speaker 1>going to do, and shouldn't Donald Trump point that out

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<v Speaker 1>during the Great Debate.

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<v Speaker 3>First all the press, if there were any journalists there,

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<v Speaker 3>they would point it out because it's so painfully obvious.

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<v Speaker 3>And of course she would not be the first liberal

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<v Speaker 3>Democrat to do this. Clinton promised he was going to

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<v Speaker 3>never tax anybody who earned less than one hundred and

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<v Speaker 3>fifty thousand dollars a year, and then of course he

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<v Speaker 3>immediately went to tax energy and gasoline, which is everybody then,

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<v Speaker 3>but he did get him elected. That lie got him elected.

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<v Speaker 3>Then Biden ran an ad saying he'd never I said

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<v Speaker 3>before Biden Obama said he'd never raised taxes on anyone

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<v Speaker 3>who earned lesson two hundred and fifty thousand dollars a year, and.

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<v Speaker 2>People go, that's not me. That turned around.

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<v Speaker 3>There are eight taxes on middle income people in Obamacare alone.

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<v Speaker 3>The first thing he did was raised taxed on cigarette

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<v Speaker 3>smokers average income thirty five thousand dollars a year. So

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<v Speaker 3>he went immediately after middle class voters, and in the

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<v Speaker 3>case of smokers, people who are addicted to something that's hardly

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<v Speaker 3>that's shooting fish in a barrel.

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<v Speaker 2>That's not very nice.

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<v Speaker 3>And then you turn around and you have Biden, who

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<v Speaker 3>has promised you wouldn't raise tax on anyone earned.

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<v Speaker 2>Less than four thousand dollars.

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<v Speaker 3>So they keep raising that number, trying to convince you

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<v Speaker 3>that you are not the target of their tax increases.

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<v Speaker 3>But she and Biden and the entire Democratic Party have

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<v Speaker 3>been talking about energy taxes quote unquote.

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<v Speaker 2>Carbon taxes all the time.

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<v Speaker 3>They haven't put a dollar figure on it because they

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<v Speaker 3>realize how wildly unpopular it is. The Republicans in the

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<v Speaker 3>House have several times put a measure on the ballot,

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<v Speaker 3>a resolution, and every single Republican has said, we oppose

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<v Speaker 3>a carbon tax, a tax on energy under any name,

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<v Speaker 3>under any guys. And I think one or two Democrats

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<v Speaker 3>voted for that. The rest of the Democratic Party wants

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<v Speaker 3>to raise taxes on energy.

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<v Speaker 1>There are pack of dogs. They followed the leader. Mark

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<v Speaker 1>Cuban called in a CNBC last week and talked about

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<v Speaker 1>Kamala Harris. And Mark Cuban is a supporter of Kamala Harris.

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<v Speaker 1>Who was I think Mark Cuban was undressed by the

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<v Speaker 1>commentators in which he said, quote if you tax unrealized gains,

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<v Speaker 1>you're going to kill the stock market. Quote unquote, even

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<v Speaker 1>Mark Cuban says you can't do that. So that being

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<v Speaker 1>the policy, how in the world can Kamala Harris. Maybe

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<v Speaker 1>the average American doesn't know what a child tax credit is,

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<v Speaker 1>or doesn't know what what unrealized gains are, doesn't know

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<v Speaker 1>about capital gains or bringing money from overseas back into

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<v Speaker 1>the country. One thing they do know is that they

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<v Speaker 1>want the stock market up. You can be in a

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<v Speaker 1>labor union. You got to rely upon your IRA or

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<v Speaker 1>four oh one k, which is now pretty high. And

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<v Speaker 1>even Mark Cuban understands when you tax unrealized gains, there

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<v Speaker 1>goes the stock market. Can you walk through what happens

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<v Speaker 1>to an entrepreneur starting a business, who and after three

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<v Speaker 1>or four years he's got like a ten million dollar value,

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<v Speaker 1>which is going to be taxing? The patent under Trumpet

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<v Speaker 1>wouldn't be tax What does that do to employment for

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<v Speaker 1>average Americans? For the butchers, the bakers, and the candlestick makers.

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<v Speaker 1>When Kamala Harris imposes an unrealized tax, what does that

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<v Speaker 1>do to future employment?

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<v Speaker 3>Well, it hurts both employment and wages. Even if you

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<v Speaker 3>have a job, your wages will go down. This is

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<v Speaker 3>what all of the studies told us, for instance about

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<v Speaker 3>the corporate income tax. But it's true about the capital

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<v Speaker 3>games tax and other taxes like that, taxes on savings.

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<v Speaker 2>Why, because the pay an American.

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<v Speaker 3>Gets is a function of how much capital is attached

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<v Speaker 3>to that job. If you have a better truck, the

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<v Speaker 3>trucker can get paid more. If you have a better

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<v Speaker 3>computer rather than a typewriter, the secretary can get paid

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<v Speaker 3>more every time. If you have more machinery on an

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<v Speaker 3>assembly line, then the workers get paid more. You get

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<v Speaker 3>paid based We're all sort of basically the same in

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<v Speaker 3>terms of two arms, two legs and everything. But the

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<v Speaker 3>more capital attached to us. The reason why Americans get

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<v Speaker 3>paid more of the people in China or in Europe

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<v Speaker 3>and were much higher standard of living in the Europeans

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<v Speaker 3>do people don't comment until you go visit the place

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<v Speaker 3>and notice why, because we have more capital, more investment

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<v Speaker 3>for each company per person, and they are more productive

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<v Speaker 3>and well.

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<v Speaker 2>But and the reason why they have.

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<v Speaker 3>To pay people more is the factory down the road,

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<v Speaker 3>the farm down the road, the grocery store does they'll

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<v Speaker 3>pay you more if your guy doesn't because they've got

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<v Speaker 3>more capital per workers. So it's not like somebody can go, oh,

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<v Speaker 3>look everybody's more productive.

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<v Speaker 2>I'll take it all home. No you won't, or your

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<v Speaker 2>workers will go home.

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<v Speaker 3>So workers have more cloud because they have more capital

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<v Speaker 3>to work where they get paid more. When you cut

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<v Speaker 3>the corporate rate, you increase wages. When you increase the

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<v Speaker 3>corporate rate, you decrease wages. And it was a wonderful

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<v Speaker 3>set of store studies that Kevin hasse a great economists

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<v Speaker 3>who Trump listened to walk through that. And that's why

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<v Speaker 3>Trump said We're going to cut the corporate rate, which

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<v Speaker 3>is just a hidden tax on wages.

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<v Speaker 2>You know.

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<v Speaker 3>The Democrats like to act as if there's a guy

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<v Speaker 3>named mister General Motors, you know, and he pays the

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<v Speaker 3>corporate contact for the rest.

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<v Speaker 2>Think at the grocery store.

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<v Speaker 3>You raise the corporate income tax on a grocery store,

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<v Speaker 3>the price of peace goes up, the price of paper

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<v Speaker 3>towels goes up, the price everything goes up, and wages

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<v Speaker 3>go down because the company has to remain competitive, and

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<v Speaker 3>you're all of a sudden taking more of their ability

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<v Speaker 3>to invest away from them. So not only are those

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<v Speaker 3>taxes destructive. They're really dishonest, and the and the politicians

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<v Speaker 3>like Kamala Harrison.

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<v Speaker 2>Said, oh, I'm not to tax you.

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<v Speaker 3>No, I attack your employer and he will have to

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<v Speaker 3>pay you less because I stole his money.

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<v Speaker 2>But pretend I didn't do that.

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<v Speaker 3>Why don't you get mad at your employer because he

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<v Speaker 3>doesn't have the money to pay you because I store

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<v Speaker 3>it well, the other you get mad at you, Kamala.

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<v Speaker 1>In grosven Nor request in Cincinnati, the Kroger began here,

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<v Speaker 1>the Kroger supermarket. When you say to to Rodney McMullen,

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<v Speaker 1>a friend of mine who runs Kroger, that we're going

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<v Speaker 1>to increase your taxes, companies corporation to not pay taxes,

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<v Speaker 1>they pass on the cost of that tax and the

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<v Speaker 1>form of higher prices that Tony Bender pays at the supermarket.

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<v Speaker 1>And Tony Bender understands that, but many Americans don't understand.

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<v Speaker 1>Don't tax you, don't tax me, tax that fella behind

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<v Speaker 1>the tree. When you increase business taxes, that means all

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<v Speaker 1>consumers pay more at the grocery store. Do you think

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<v Speaker 1>average Americans are now figuring that out? Because I'm not

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<v Speaker 1>sure Tony Bender hands, I mean think about that.

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<v Speaker 2>Here's the good news.

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<v Speaker 3>We did some polling on this Americans for Tax from

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<v Speaker 3>the Tax Group Today organized when Trump's tax cut was

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<v Speaker 3>put forward, and I got tired of hearing the press

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<v Speaker 3>tell people that, oh, it's not going to be a

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<v Speaker 3>tax on people, It's going to be taxed on corporations.

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<v Speaker 3>We did some focus groups and some pulling, and the

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<v Speaker 3>good news is the American people actually understand that corporate

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<v Speaker 3>income taxes raise prices, corporating of taxes depressed wages. Our

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<v Speaker 3>corporate income tax. Before Trump's tax cuts with thirty five

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<v Speaker 3>percent China fifteen and twenty five, we were at thirty

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<v Speaker 3>five oh plus four percent average state tax, so thirty nine, okay,

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<v Speaker 3>and that went down to twenty one. When we were

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<v Speaker 3>at thirty nine, every American competing with a Chinese worker

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<v Speaker 3>started behind the eight ball because the taxes that had

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<v Speaker 3>to be paid come out of We have to compete

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<v Speaker 3>with higher taxes than China did before Trump.

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<v Speaker 2>And with Kamala Harris, she wants to take it up.

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<v Speaker 3>The corporate income tax up dramatically, so it's higher than China,

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<v Speaker 3>and Americans will have to compete not on lower taxes

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<v Speaker 3>or less regulation, but on lower price wages. And that's

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<v Speaker 3>the difference between Trump who wants us to compete on

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<v Speaker 3>a less expensive government and a higher wage paid workers,

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<v Speaker 3>and Kamala Harris says, no, no, the government should have all

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<v Speaker 3>the regulations they want, the government should have more taxes.

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<v Speaker 3>We will have Americans compete on lower wages. And that

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<v Speaker 3>says very different visions for the future.

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<v Speaker 1>Well, I hope Americans become informed that whenever she says

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<v Speaker 1>we're going to have a carbon tax, I mean the

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<v Speaker 1>price of gasoline, oil, natural gas, and coal is going up,

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<v Speaker 1>and consumers pay all the taxes in this country, not

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<v Speaker 1>the companies, not the corporations. All the information is that

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<v Speaker 1>Americans for tax reform. And Grover nor Quish, you're a

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<v Speaker 1>great American. Once again, thank you for coming on the

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<v Speaker 1>Bill Cunningham Show, and Grover, let's do it again. Thank

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<v Speaker 1>you very much. Thank you, God bless America. Let's continue

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<v Speaker 1>with more. Understand that one Democrats say we're going to

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<v Speaker 1>tax corporations, that the consumers pay all the taxes in

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<v Speaker 1>the whole country. That means the cost of living goes

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<v Speaker 1>up for you, not for the company. Bill Cunningham News

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<v Speaker 1>Radio seven hundred WLW