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Tax cuts for millionaires and billionaires. The wealthy have fallen on hard times. They need more help. The 2,000 wealthiest Americans are hoarding $14T! Hard times.
Bessent actually said a failure to give the rich MORE tax breaks would be a "calamity"!! But responded to Bernie about raising the minimum wage with a flat "no"(!).
Sad that billionaires tax cuts will be almost 800 times what someone making $50,000 will get. Comes out to around $100 dollars for us. Thanks for nothing trump.
Do you still believe that Republicans have ever actually been fiscally conservative? The democrats have always made better financial tax policy. Perhaps the Democrats did this because the Republicans forced them to do better, but the end point was that the Democrats did better.
They may have had better tax policy but when it comes to spending they were just as bad or worse. The national debt is 36 trillion and hit 40 when Trump leaves. When it comes to fiscal discipline NEITHER party can throw stones. Yeah the republicans suck on spending to but don't tell me the democrats are saints. They both suck.
That is how it works, unless you're the ex LIAR-IN-CHIEF and his CULT45 members. Then it's just a money maker! And they ask, naively, why hasn't any other president done this before???? LoL!
Trump know nothing about economics - if he did, going bankrupt 7 times tells all. Trump is trying to get back at people/countries who he sees as enemies - which is almost eveyone - the guy is paranoid. He is getting back at Denmark via Greenland because the Danes invented the windmills. Now he is out to destroy the country's economy. He is truly simple minded and so transparent.
how is it possible that the bulwark doesnt have millions of subscribers? tim, with all of your efforts in particular, i hope the numbers climb for the bulwark umbrella.
Bessent isn't for raising the federal minimum wage from 7.50 enacted in 2009 but for giving corporations and billionaires unneeded tax cuts regardless of a booming economy. That tax savings doesn't trickle down. It goes to stock buy backs and investments in stocks and bonds.
I know there's no real appetite to raise taxes, but is there really a justification to continue on this regressive tax system we have right now? So much of what ails our society now is a direct result of the distribution of wealth being completely out of whack imo. I know the bulwark is not the place to talk about anything aggressively progressive, but I just think we need some serious course correction. Advancing technology is only going to make it worse I think.
We need to go back to the 1950s/60s tax rates.......the wealthy paid their fair share and we still had a strong economy ........the strongest in the World. And the fact that these rethugs still spew the lies about tax cuts for the wealthy help the economy is just downright lies and bullshit!! 45 years of this crap and they continue to cause every recession and near depression that has happened.........WHY so many poor and working people still believe this crap is beyond me!!!
Crazy to see Rich Rubin on your show!! I grew up with him and a year or two under, while his brother was younger than me. His father was rec BB coach. Glad he is doing well… Smart as hell…
I wish these vapid posers would focus on reality-based economic fiddling. FFS, Muskrat, you may have been born rich, but you still don't know squat about the workings of our government! That is probably a very good thing.
External Revenue Service is a renaming of the agency that George Washington signed into law . The US Customs Service was established on July 31, 1789 to collect tariffs/duties and perform other actions regarding imports. In 2003 it was renamed the Bureau of Customs and Border Protection.
Project Resistance and (NOPE) Not Our President Ever, 100 hour media blackout for inauguration and have people get off FB and Twitter forever at same time. Presented by Malcolm Nance and Marc Elias. Let’s GO! 🙏🏻🇺🇸⚖️💙🩺🗽🕊️🫶
The External Revenue Service is just Customs and Border Protection, without the latter part. Just like Space Force, Donnie will almost certainly split the two and rename the Customs portion. And the Maggats will slurp it up.
Billion dollar tax breaks and trump thinks giving the people $500- $1000 from tax s is a big deal. Hard times for corporations and the rich need more government Welfare and FOOD STAMP ETB CARDS.
Rachel has a new series: "Public Servant Announcement" Very much worth a listen - spoiler alert - Billy Long IS A GRIFTER 😅 (also episodes on Matt Whittaker, Pam Bondi, Dr. Mehmet Oz, Tulsi Gabbard)
Companies are already raising prices in anticipation of the tariffs, so mission is already accomplished! More corporate profit for no reason other than they can get away with it. Trump will string it along as long as he can before doing anything either way.
It was for an appointment to one the military colleges. I applaud him for sure being out in a rural area of SC. And wonder how Project 2025 will affect him.
As a Dem, we think tariffs under many circumstances will make consumer goods more expensive. Tax cuts for high income levels do not, trickle down or make the economy stronger, and cause the governemtent to cut services that we rely on, and will not help middle-income people with their own taxes. The debt ceiling?
It seems a very similar scenario to the last UK Conservative government who crashed the economy because of unfunded tax cuts. The subtext seems to be that, like the UK Conservatives, Trump/Republicans will lean on debt to fund rising deficits. That debt management is where the big problem will lie, especially if tarrifs force higher interest rates to control inflation.
Our ignorance as a nation in every sense is reflected in how we vote. The rich are smart enough to put their fat butts on the scale in their favor. We're getting what we deserve. 😢
We have a revenue program too,these rich guys constantly go on those buniness channels and complain about the deficit and debt,but what others to sacrifice, just greedy phony rich guys
This is the last administration that can prevent the Social Security cliff. I believe due to increases in unemployment over the next four years the cliff will move up to 2033. Waiting until 2029 to potentially do anything surely will be too late.
He may end up being good for the environment. If his policies help to bring about recessions and a semi-collapse of the existing capitalist setup, it will help to hasten the resetting that is necessary.
Correcting you on your pronunciation of that guys name off the bat was not a good look. This guy sounds like a Trump apologist. Could only stand around 3 minutes.
External revenue service... Is america going to start turning the navy into a pirate fleet?? 😂 With a gay pirate captain? Why are there always so many of us gays at the beginnings of fascist movements :/ lindsey Graham looking at you too
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Tax cuts for millionaires and billionaires. The wealthy have fallen on hard times. They need more help. The 2,000 wealthiest Americans are hoarding $14T! Hard times.
🎯🎯
It’s sickening. While many of us are facing high credit card interest of mortgage rates, and sky high rents, etc.
Can you imagine saying that tax breaks for the rich is the most important issue
Bessent actually said a failure to give the rich MORE tax breaks would be a "calamity"!! But responded to Bernie about raising the minimum wage with a flat "no"(!).
And yet "winning in a landslide"!!!!???? What is wrong with Americans???
The external revenue service already exists and dates to the beginning of our country. It’s called Customs.
Sorry these tax policies are crap🤬 Tax the rich 💥
❤❤❤❤
Not going to happen because Trump himself and his wealthy family benefit a lot from tax cuts. This is self-serving for him.
Sad that billionaires tax cuts will be almost 800 times what someone making $50,000 will get. Comes out to around $100 dollars for us. Thanks for nothing trump.
You get $100 and lose your education, medicaid, food stamps.
Do you still believe that Republicans have ever actually been fiscally conservative? The democrats have always made better financial tax policy. Perhaps the Democrats did this because the Republicans forced them to do better, but the end point was that the Democrats did better.
They may have had better tax policy but when it comes to spending they were just as bad or worse. The national debt is 36 trillion and hit 40 when Trump leaves. When it comes to fiscal discipline NEITHER party can throw stones. Yeah the republicans suck on spending to but don't tell me the democrats are saints. They both suck.
Quite right!
Before the travesty of trickle down economics your average 30 year old held 50% of the nation's wealth. Today, the average 30 year old holds
Wow!!!
top 1% = 20% of wealth .. next 9% = 60% .. bottom 90% = 20% ... there are many 30 yr olds in the top 9 ...
Yep. The corruption of GOP policies by plutocrats is destroying the U.S. empire from within.
Their greed is limitless.
@@direwolf6234dumbest comment. Last sentence is senseless!
@ cents less ... yes ...
When trickle down reaches me, it's a nickel.
If you introduce tariffs consumer prices go up.... no ifs or buts`
That is how it works, unless you're the ex LIAR-IN-CHIEF and his CULT45 members. Then it's just a money maker! And they ask, naively, why hasn't any other president done this before????
LoL!
It's simple math. Arithmetic, really.
Thanks for all you do Tim!
Let's elect folks who are committed to increase tax on the wealthiest companies and individuals for the betterment of the US citizenry
just enforcing current rules would make up the difference .. and closing a few loopholes ...
Elizabeth Warren, Bernie Sanders? That is their life work, attempting to choke off corporate greed.
This guy gives way too much credit to Trump in regard of his knowledge of tariffs and globally economics
Trump know nothing about economics - if he did, going bankrupt 7 times tells all. Trump is trying to get back at people/countries who he sees as enemies - which is almost eveyone - the guy is paranoid. He is getting back at Denmark via Greenland because the Danes invented the windmills. Now he is out to destroy the country's economy. He is truly simple minded and so transparent.
how is it possible that the bulwark doesnt have millions of subscribers? tim, with all of your efforts in particular, i hope the numbers climb for the bulwark umbrella.
Unfortunately this is the problem with America. People only want Springer content and not thoughtful, intelligent content.
This.@@rustedElch
I would have thought they would have been to 900,000 by now.
One way to cut costs...Trump needs to stop charging the government outrageous prices for his secret service agents' rooms at his resorts.
Bessent isn't for raising the federal minimum wage from 7.50 enacted in 2009 but for giving corporations and billionaires unneeded tax cuts regardless of a booming economy. That tax savings doesn't trickle down. It goes to stock buy backs and investments in stocks and bonds.
Minimum wage is $7.25 an hour.
Billionaires have done very well under Biden. They just want more of everything, power, money.
Talk about it all you want he's going to do what he wants to do and we're screwed
Yep. "He's a big, stupid animal, isn't he, folks?"
Hey Tim! Thanks for all you, your colleagues and channel do
when will all these former repubs acknowledge that their past policies led the country to trump ??
I know there's no real appetite to raise taxes, but is there really a justification to continue on this regressive tax system we have right now? So much of what ails our society now is a direct result of the distribution of wealth being completely out of whack imo. I know the bulwark is not the place to talk about anything aggressively progressive, but I just think we need some serious course correction. Advancing technology is only going to make it worse I think.
We need to go back to the 1950s/60s tax rates.......the wealthy paid their fair share and we still had a strong economy ........the strongest in the World.
And the fact that these rethugs still spew the lies about tax cuts for the wealthy help the economy is just downright lies and bullshit!! 45 years of this crap and they continue to cause every recession and near depression that has happened.........WHY so many poor and working people still believe this crap is beyond me!!!
lol. "I am very confident that the guardrails will hold." Bahahahahaha. Okay.
Crazy to see Rich Rubin on your show!! I grew up with him and a year or two under, while his brother was younger than me. His father was rec BB coach. Glad he is doing well… Smart as hell…
Taxing the rich more is a great way to raise revenue 😊
Nice and easy
I REJECT THE PREMISE, I'm not familiar, and I haven't seen that, is the BIGGEST COMMON THEME AMONG THESE CANDIDATES
Don't forget hypothetical.
I remember trump's tax cuts in 2017. Came out to about $3 a week for me. Pffft
Goodevening Tim and Richard Rubin.
Everyone should follow Richard Rubin for tax news. Best in the biz
Bessen finally got out that he couldn't answer hypothetical questions. Where have I heard that recently? 🤔
Question what the heck is the REAL reason for "external" yahda yahda office for tariffs.
For the ex LIAR-IN-CHIEF to be able to claim, erroneously, that he is "collecting all of that money from tariffs" and pat himself on the back.
Just the usual dt BS!!!
I'm in with the blackout
7:26 isn't the EXTERNAL REVENUE SERVICE basically just Customs & Border Patrol??
It is indeed.
Yes & we already had a department that does what Musk wants to do.
I wish these vapid posers would focus on reality-based economic fiddling. FFS, Muskrat, you may have been born rich, but you still don't know squat about the workings of our government! That is probably a very good thing.
As an aussie ( & cricket lover ) it's great to hear cricket sports analogies on an American show 👍👍❤️
External Revenue Service is a renaming of the agency that George Washington signed into law . The US Customs Service was established on July 31, 1789 to collect tariffs/duties and perform other actions regarding imports. In 2003 it was renamed the Bureau of Customs and Border Protection.
Isn’t it the Corps who benefit from roads, bridges and other infrastructure to run their business. They should be taxed for all infrastructure.
They are
and then obama said 'you didn't build that' and got screwed ...
Billy Long is a Shyster. I watched Rachel Maddows public service announcement about him.
Project Resistance and (NOPE) Not Our President Ever, 100 hour media blackout for inauguration and have people get off FB and Twitter forever at same time. Presented by Malcolm Nance and Marc Elias. Let’s GO!
🙏🏻🇺🇸⚖️💙🩺🗽🕊️🫶
And wear black
I thought about getting a flag to fly for the next 4 years. Upside down, only. Pull an Alito.
I left all social media the first time he was in office. It all turned vile. Never went back
Haven’t been on twitter for years and I’m definitely going to delete my facebook page soon.
@@randibgood if it was my home, I would, but I live with my son and he's apolitical.
I am very depressed when I think about the next four years. Can't stand to listen to most about tRump and his loser minions.
Just filter Trump out and focus on the resistance against him. There will be a resistance, trust me.
The guy is a corporatist. Against raising the minimum wage? Boo
$7.50 / hr is $17,000 /year before income & ssn deductions!!!
This guy is a Project 2025 MAGA BELIEVER!!
No raise of minimum wage by this guy and tariffs wont hurt us because foreign countries will lower their prices
Both statements no good
Yeah right 😂😂😂😂😂
Thank you!
And that's a hypothetical question I won't answer.
Hey guys tim miller
The External Revenue Service is just Customs and Border Protection, without the latter part.
Just like Space Force, Donnie will almost certainly split the two and rename the Customs portion. And the Maggats will slurp it up.
What about the Big Beautiful Tax Cuts we heard about at the rallies? Was there misunderstanding by the crowd s?
He lied. The only misunderstanding is that they don't think that he lies and lies every day all day.
If you think that the IRS would act correctly, how do you explain the audits of Comey ans McCabe ???
So will the eggs get cheaper????
Tuesday
No.
When they get they bird flu under control, then trump will take credit for lower egg prices, just like he did with Obama's economy.
So, guardrails will hold? When? 🤔 Donald will be allowed to ruin everything for the average person. Norms???
Billion dollar tax breaks and trump thinks giving the people $500- $1000 from tax s is a big deal.
Hard times for corporations and the rich need more government Welfare and FOOD STAMP ETB CARDS.
💙
Rachel has a new series: "Public Servant Announcement" Very much worth a listen - spoiler alert - Billy Long IS A GRIFTER 😅 (also episodes on Matt Whittaker, Pam Bondi, Dr. Mehmet Oz, Tulsi Gabbard)
Please do not give airtime to any representatives of the WSJ, no matter who they are.
We have an external revenue department-it’s called CUSTOMS!
KARMA'S A BEAUTIFUL THING
Companies are already raising prices in anticipation of the tariffs, so mission is already accomplished! More corporate profit for no reason other than they can get away with it. Trump will string it along as long as he can before doing anything either way.
Scott Plans to GetRID of SocialSecurity #MediCARE #MediCAID
DISASTROUS
It was for an appointment to one the military colleges. I applaud him for sure being out in a rural area of SC. And wonder how Project 2025 will affect him.
Let him and them do what they want. If it works, great! When it does not, people will see what not to do. People only learn by doing and failing.
As a Dem, we think tariffs under many circumstances will make consumer goods more expensive. Tax cuts for high income levels do not, trickle down or make the economy stronger, and cause the governemtent to cut services that we rely on, and will not help middle-income people with their own taxes. The debt ceiling?
450 miles, not 10, of border wall was completed.
If you listen to this with your eyes closed--- doesn't it sound like Tim & Sam?
Kinda. Sam is usually at least giggling through a good portion of his screen time.
@randibgood That's true! I was focused on his cadence of speech.
It seems a very similar scenario to the last UK Conservative government who crashed the economy because of unfunded tax cuts. The subtext seems to be that, like the UK Conservatives, Trump/Republicans will lean on debt to fund rising deficits. That debt management is where the big problem will lie, especially if tarrifs force higher interest rates to control inflation.
WSJ is all I need to hear. Turned it off!
Tim, WTF
Do the MAGA guys know that Bessent is gay and worked for Soros Fund Management for many years. 😂
Change Doge to Douche.
Our ignorance as a nation in every sense is reflected in how we vote. The rich are smart enough to put their fat butts on the scale in their favor.
We're getting what we deserve. 😢
Bessent sounds 'normal' compared to the other nominees but he was pretty disingenuous. No increasing of the revenues and all tax cuts.
We have a revenue program too,these rich guys constantly go on those buniness channels and complain about the deficit and debt,but what others to sacrifice, just greedy phony rich guys
Surprise trumps will call for vote to raise veterans and social security benefits up by 40%
If the tax system works soooo well why are we 32Trillion in debt? Great system!!!
It’s unfalsifiable - their answer to your question is that we haven’t cut taxes & regulations enough yet. 🙄
This is the last administration that can prevent the Social Security cliff. I believe due to increases in unemployment over the next four years the cliff will move up to 2033. Waiting until 2029 to potentially do anything surely will be too late.
Someone named Richard Rubin is the right accountant to go to😅😅😅😅
Backhanded compliment 🙄
I swear he used to have a tiny print of his signature on all our money?! Richard E. Rubin
He may end up being good for the environment. If his policies help to bring about recessions and a semi-collapse of the existing capitalist setup, it will help to hasten the resetting that is necessary.
Hey MAGA what do ya think. FAFO
Correcting you on your pronunciation of that guys name off the bat was not a good look. This guy sounds like a Trump apologist. Could only stand around 3 minutes.
SPEEED IT UP DUDE UR THOUGHT PROCESS IS WAY TOO SLOW FR TIM
This will only be an issue if the betacrats get better at communicating it to people. I'm not holding my breath.
External revenue service... Is america going to start turning the navy into a pirate fleet?? 😂 With a gay pirate captain? Why are there always so many of us gays at the beginnings of fascist movements :/ lindsey Graham looking at you too
Wait I will tell you how it ends.its trumps fault right?
Haven’t you got a home to go to ? Look in the mirror. You lost big time!😂😂😂😂
5.00 🥑🤣🤣
is that whole foods??
So glad the adults are back in charge starting Monday.
Stay away from egomanic Roland Martin😂 You're great!
Tim. Why are you wearing the earbuds???
Take em out!!