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The Young Turks

Schmucker Carlson

The Young Turks

TYT Network

Government, Politics, News

45.1K Ratings

🗓️ 11 March 2021

⏱️ 69 minutes

🧾️ Download transcript

Summary

People can’t get enough of Rep. Katie Porter bulldozing this oil executive. Sen. Chuck Schumer talks big on the Republican Party’s lack of cooperation as if he’ll do something about it – then Sen. Susan Collins responds in the most Republican way possible.

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Transcript

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0:30.0

Hello friends, you're watching The Young Turks. Welcome, I'm Anna Casperian, and joining us

0:50.3

today is John Iderola, host of the damage report, which by the way you can also follow

0:55.5

on TikTok, not a big deal. I think you might be the only show on our network that's on TikTok

1:01.6

right now. So there it is at the damage report, please follow it. And John, how are you doing?

1:07.0

I'm good, and you know what, we may be the only one now, but at some point you're going to be,

1:12.8

I don't know, flossing or something on TikTok. We're going to make it happen. But anyway,

1:17.2

no, I'm good. Happy to be here. The news is crazy. People are terrible. It's a normal day in America.

1:22.9

It is a normal day in America. A little bit of a positive update. The house has voted in favor

1:29.9

of passing Biden's $1.9 trillion coronavirus relief package. Now it will head to Biden's desk,

1:36.9

where he's sure to sign it. So that's the positive update. But we have some other fun stories

1:42.9

to share with you, starting with Katie Porter. Please don't optimize me by telling me

1:48.4

of you, Ellen Gason screen doesn't have any special tax provisions. Because if you would like

1:54.0

that to be the rule, I would be happy to have come Mr. Liver.

2:01.4

We love to see it. That was Representative Katie Porter from California.

2:06.4

Grilling an oil executive by the name of Mark Murphy. Now Mark Murphy has a fossil fuel company

2:14.2

based in New Mexico. And what he was trying to argue there was that the oil and gas industry

2:20.4

doesn't get any special treatment by the federal government. But you might want to temper your lies

2:26.0

a little bit, especially when you're spreading them in front of members of Congress who would know

2:32.2

a little bit about just how much these companies get subsidized. Here's Katie Porter going after him

2:38.0

in more context. They're estimated to be between 60 to 90% of the cost of drilling. How much

2:46.4

of those intangible drilling costs do you want to deduct right away from your taxes?

2:51.6

We get to deduct all of those just like any other business. We do not. How much do we get to

...

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