Episode 4477: The Relationship Between Wall Street And The imperial Capital
Bannon`s War Room
WarRoom.org
4.5 • 16.4K Ratings
🗓️ 10 May 2025
⏱️ 55 minutes
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| 0:00.0 | As we're looking at this big budget bill, there's now this idea coming from the White House that Donald Trump could be open to raising taxes on the wealthy as well as potentially closing the carried interest loophole. |
| 0:15.0 | If you're not familiar with it, it is basically a giveaway to the private equity industry that year after year lawmakers on both side of the aisle |
| 0:21.8 | say god that's ridiculous we're going to get rid of it yet it never goes anywhere do you believe |
| 0:28.1 | there is truth to this that Donald Trump does actually want to to increase taxes on the rich |
| 0:33.2 | and close this carried interest loophole do you believe this because? Because guess what? He does need to find a way |
| 0:38.6 | to get this budget passed. I don't know that Donald Trump wants to do that. I don't think he has any |
| 0:44.1 | particular philosophy of that. I think Steve Bannon does. Do you know what I mean? It feels like |
| 0:48.0 | the disembodied hand of Steve Bannon reaching in, right? So I think that's true. |
| 0:57.4 | I think they have to find the money somewhere theoretically. It's not enough. |
| 0:58.4 | I mean, they carried interest in the rounding error in the federal budget. |
| 1:01.2 | And what he's talking about wouldn't get you there. |
| 1:03.6 | Like, it's not going to like. |
| 1:04.6 | Taxing the rich. |
| 1:05.7 | They're talking about people who earn over $2.5 million a year. |
| 1:09.8 | That is 0.1% of the population. That's another number that won't |
| 1:13.2 | get you there. It's like the wealth tax is not touched here. Grover Norquist comes in. I'm friends with |
| 1:18.5 | Grover. President of America's tax reform set on Wednesday. You know, we oppose this. |
| 1:23.9 | This is not Republican policy. David McIntosh, president of Club for Growth. I know David |
| 1:28.9 | McIntosh said in a statement, scaling back the size and scope of the $4 trillion tax cut will |
| 1:33.2 | help the Democrats raise taxes. This is not a serious option and it's political suicide. |
| 1:40.8 | And so the problem that we have on the populace side is all these voices are out there talking about tax cuts for the rich, but they're not talking about Congress overspending. |
| 1:53.5 | Notice all the lobbyists are there for the tax cuts for the rich. |
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