Jimmy Dore (44:52)
In nearly 30 years with $1.6 trillion in mandatory savings. That's not true. So she's doing what she does as press secretary and she lies because this doesn't even come from me. Does that. So that, that's where it's coming from. So let's go. So they did. Here's what's in a blah, blah. So and they just narrowly passed it in the House, by the way. It was like, I think it passed by one vote or something. And it took a Democrat to die. There's a Democrat who died recently. So he couldn't vote. Tax cuts for individuals and businesses. Republicans look to make permanent the individual income and estate tax. So estate tax, that's just for super rich people. And the income tax also for mostly rich people. It helps the upper 20%. So but they also did do the thing. No tax on tips, no tax on overtime and no attacks on interest on some auto loan. So that we've been waiting for that for a little. So that will help some people. Some, some people are pissed off about that. They're like why should a waiter not get tipped on his income? And you know, why should a salesman at a car dealer. Okay, relax. To partially offset lost revenue, Republicans propose repealing or phasing out more quickly the clean energy tax passed by Joe Biden's presidency, helping to bring down the overall cost of the tax portion to about 3.8 trillion. So the taxes they're cutting are going to add 3.8 trillion to $6 trillion in extra deficit. Isn't that nice? The bill includes a temporary boost in the standard deduction. $1,000 increase for individuals, bringing it to 16,000 for individual filers and $2,000 boost for people who filed jointly, bringing IT up to 32. The deduction reduces the amount of income that is actually subject to income tax. There is also a temporary $500 increase in the child tax credit. Temporary bringing it to $2,500 from 2525 to 2025 to 2028. So that's good. It then returns to $2,000 and will increase to account for inflation. The, the estate tax, which is. So that's after people die. Right. They're still getting a tax break even after you're dead. The estate tax rises to 15 million. So if you die and you're worth $15 million, you get a tax cut. Isn't that funny? Those are the people who need it. Dead guys. Dead guys are getting a tax cut. Several of the provisions Trump promised in the campaign would be temporary. Yep. Okay, so, but here's how this, what they're cutting. Parents and older Americans face work requirements for food. So food stamps, they call it SNAP, Supplemental Nutritional. So they're going to cut that by 267 billion while they give hundreds of billions more to the Defense Department. And so they, so it gets, it doesn't matter. The states are going to probably try to pay. It doesn't matter. You don't need to know that stuff. It's going to go in one ear and out the other. So they're going to cut food stamps. As if there's anything we should cut. And they're also expanding the work requirements. They're expanding the work requirements to receive food aid. Under our current law, able bodied adults without dependents must fulfill work requirements until they are 54. Now they're going to up that to 64. So the problem is like you go on food stamps and you go on Medicaid when you lose your job. That's a big problem. Right. And they've showed, they've tried this, I think in Georgia. And all it does is take assistance away from people who are already working because they have to file paperwork every month. So this is really regressive and it's really going after the people who could least afford it. And it's going to do it. Also some parents. So guess what? Get this. So it used to be if you had a dependent kid, you could get food stamps, but now only if you only up until your kid is under 7. So if you had a kid under 18, you can get food stamps without work requirements because you got to take care of your kid. Well, now they'll go, nope, only if your kid's under seven. So if your kid is seven and a half or eight. If, say, if your kid is eight, you got it. You can't get food stamps anymore. Why? Unless. Unless you go to work. They have these work requirements. New, new, new work for. Also work requirements for Medicaid. I already told you why that's silly. It's because usually people lose their health insurance when they lose Their job. That's the big time when people go on Medicaid and a lot of working people already who are maga, a lot of working MAGA people can't afford Obamacare. So. And that's why Steve Bannon came on this show and said you got to be careful how you cut Medicaid because a lot of MAGA people are on it. So to be eligible for Medicaid, there was going to be new community engagement requirements of at least 80 hours per month of work, education or service for able bodied. There's already those requirements. This is just going to make it worse. It's just Republicans are looking to generate savings with new wook requirements. You mean by getting people off of Medicaid? Yeah. Democrats warn that millions of. So they are. A preliminary estimate by the nonpartisan Congressional Budget Office said proposals would reduce the number of people with health care by about 8,6 million. More money for the Pentagon. We already told you about that. So they're going to give another trillion dollars. So even though Trump might stop the war, but she hasn't stopped funding the Ukraine war, hasn't stopped funding Israel's Gaza war, hasn't stopped bombing Somalia, they're giving way all. So they're going to give all the money to the Pentagon. So any money they save with those, which they're not even saving that money because Congress won't cut it, they're just get it. They're just ramping up the deficit, ramping up the debt, and they're giving it to the military industrial complex, just like Eisenhower said, because those are the people who really pull the strings and control our government. So as of May 2025, the US national debt is approximately 36.2 trillion, with the debt held by the public at around 26 trillion, or roughly 98% of GDP. The House reckons this bill passed in April, is projected to significantly increase the national debt, according to Penn. So we already talked. We already did this. It's going to increase. It already told you this. So, yeah, so it's going to increase. Going to cut health care for working people and food stamps for poor people. And it probably is going to lead to higher interest rates, increased borrowing costs, slower economic growth as debt crowds out private investment. So they're increasing the debt and that's always bad. And so they're not doing what you thought they were going to do. Hey, if you're going to cut food stamps and you're going to cut health care, you should at least cut the budget overall. Should at least cut the Pentagon they're not. They're doing the exact opposite because this is how all empires end. They're sucked. They're just sucking the money out of the US treasury and they're not investing it back in your own country. They're just putting it in the pockets of billionaires and billionaires, just like the Democrats, just like the Republicans. They're not doing it. They're doing it right in your face. So hopefully the Senate stops this. And I think people are willing to take on cuts that are painful to them if they think it's going towards a good cause, but it's not. They're cutting stuff that people that's painful to people and they're just up taking all that money and giving it to the defense contractors because that's who really runs the country. Sad to hear. Come see us live in Los Angeles, Buffalo, Toledo, Montreal, Ottawa, Glasgow, Manchester, Belfast, Dublin, London, Liverpool, Birmingham. Go to jimmy dore.com for a link for tickets. Let's talk about vaccines. Here's the new FDA head Marty Makari and here's what he has to say recently. Talk to me about the heart inflammation in young boys and young men. It seems reprehensible that the Biden so we're talking about the COVID shot and he's talking about the Biden administration covered up the actual science. So let's listen to him.
