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