Sept. 21, 2026

The Bill Martinez Show 09 21 26

Transcript

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Are you ready yeah okay let's do it bill martinez

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live a program about current events our culture our values

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our politics and our future and now bill martinez.

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Hey, good morning.

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Welcome.

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Six minutes after the top of the hour, Bill Martinez here,

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along with Mike Pallance from Americans for Tax Reform. He

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is the tax policy director there. Hey, good morning, Michael.

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How are you?

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Good morning, Bill.

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Good to be with you. Doing well.

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Hey, good to catch up with you. Let's talk the

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wealth tax. I mean, this just keeps cycling back. You

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can tell when particularly the Democrats get desperate. You know,

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they got to go after money. That's what they do.

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It's in their DNA. And the American people should see

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this is that Look, right now, just like it started, what,

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back in 1913, it starts with the wealthy, and then

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it ends up falling on everybody. So, you know, the

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American taxpayer should be forewarned. We've seen this Trojan horse before,

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have we not?

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Exactly.

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What taxes are, taxes are tapeworms. They only grow in

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one direction. You can look at the payroll tax, which

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started at only 1%, now at 12.4%. The income tax,

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we were told, was going to be on millionaires and billionaires.

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And we still have ridiculous things like the phone tax

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that we were told was going to pay for World

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War I still in place. So this is what happens.

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They apply these taxes. They say they're only going to

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apply it on the rich. They're only going to apply

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it in emergencies. And they grow and stick around and

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they apply it for everyone. It's how Democrats take money

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from those who make it and redistribute it to their voters.

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They are the party of government. It's what Democrats do,

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what we're seeing now. the emergence of these wealth taxes,

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which we should be clear, this is the creation of

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a federal, a new federal property tax. This is a

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tax on the things you have, not the income you make.

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They say it's only going to apply to millionaires and billionaires,

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as we just said. In time, the authors of the study,

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Gabriel Zuckman, Thomas Piketty, these are French economists, which is

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kind of like saying jumbo shrimp, but French economists are

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a thing apparently. That's where this is coming from. You're

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seeing these Democrat socialist candidates. It's in their agenda. They're

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all running on it. You have Ron Wyden, the lead

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tax writer for Democrats in the Senate, has introduced a

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wealth tax. This is what's coming down the pike if

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Democrats take Congress next year.

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Yeah, we need to follow French economists, don't we? I mean,

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they have such an incredible track record, right?

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You've got that ridiculous statement from Macron the other year

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where he said, you know, America is so good at innovating.

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What the French are really good at is regulating. The

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French should regulate.

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For the world.

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As if he doesn't see how those two things, why

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the French are bad at creating new things while having

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a heavy hand in regulation are linked. That's what we

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need to stay away from. We need to keep America

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not like Europe.

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Well, interesting right now that you have the convergence of

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this wealth tax idea. Again, the personality of the Democratic

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Party is way out of the closet and exposed. And

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then with J.D. Vance and all that he's doing as

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the fraud czar and exposing billions upon billions. I mean,

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Elon Musk told us, what, 18 months ago that there's

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at least a trillion dollars in fraud and waste. And

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even with the billions of dollars that J.D. Vance is exposing,

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I mean, it's just way at the tip of the iceberg,

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is it not?

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Of course.

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And we've seen how the Democratic Party is directly linked

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to this fraud. I think Minnesota continues to be the

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great example of this.

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Yeah.

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Back to where we have leering centers instead of learning

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centers somehow earning federal taxpayer dollars. And then, of course,

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to see some of that money funneling its way back

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into Democratic offers with contributions to Democrats. They willingly turn

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a blind eye towards it because they know they benefit

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from it. It both benefits their constituencies and then encases

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the party directly. When you look at our programs like Medicaid,

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we're talking about tens of billions of dollars in improper

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payments per year. Republicans and President Trump's one big beautiful bill.

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have already taken a lead in tightening up on some

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of this combating fraud. I think you, for that reason,

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have seen Democrats talk about this less because the public's

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become more aware of the fraud. But that's happening in Minnesota.

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Just imagine what's happening in states like New York and California.

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Oh, my gosh.

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They haven't fully uncovered this yet.

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Right, exactly. And, you know, and every day and every week,

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it seems like there's more stuff being exposed here. It's

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impossible to deny that. And as you say, it is

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really happening more in blue states. There's incidences in red

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states as well. But, you know, I think they're all

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starting to get the memo because, you know, Todd Blanch

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and the team are coming in saying enough of this stuff.

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You know, we're going to come after it. Meanwhile, the

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Democrats are going crazy. Speaking of the big, beautiful bill.

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They see all that America has received with no tax

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on tip, no tax on Social Security, all the benefits.

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I mean, the average household income now, Mike, you saw

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that number has increased dramatically. The Democrats are going nuts

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because they believe in their heart of hearts. American citizens

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either don't deserve it or they don't know what to

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do with it. So that's why we need them to

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take our money and tell us what to do with it.

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And meanwhile, they've successfully managed to increase our debt to

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$ 40 trillion. So, oh, yeah, let's give them more of

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the same, right?

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And I think on the back of the Trump tax

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cuts that we talked about this last time, Bill, I

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think we're starting to see signs of the economy ready

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to take off. The GDP numbers coming out of the Fed,

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Atlanta Fed, for the third quarter are looking so strong

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right now. Their forecast right now is at 5.1%. That

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seems extraordinarily high, but even the average they're showing is

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about 2.5% growth, a significant increase from last quarter. I

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think that's driven by all the investment, key provisions in

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the Trump tax cuts driving that. We're seeing likely expense

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and cost recovery. These are what's going to boost wages

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for workers. That's what we need to get back to

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talking about is how these Trump tax cuts put more

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money in your pocket by letting you keep more of

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your own money and because businesses can pay workers more

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and have to compete over those workers leading to higher wages.

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That's what's really going to deliver for families is seeing

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those real wages increase. And again, three and a half

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years under the Biden administration, the inflation that they drove

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and caused from overspending, three and a half years, people

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did not see their real incomes increase because of inflation.

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Now they're back up on the rise. Now we're seeing

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the economy start to take off.

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And Donald Trump's throwing out a lifeline, whether it's the

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Trump accounts for young kids or even, you know, which drove,

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I know it drove the Democrats nuts. I mean, heads

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were exploding when he said, hey, look it, if we

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sweep in the midterms, I'm going to give you all $ 5, 000. And,

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you know, and you just sit there and go, whoa, OK,

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that's pretty good. I mean, the Democrats are so funny.

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They've been buying votes like crazy. And now they're accusing

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Trump of buying votes by offering, you know, a $ 5, 000

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incentive if they, you know, keep Republicans in control. so

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that the rest of his, you know, the rest of

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his plans and objectives can be realized. I mean, if

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the Democrats come in, you know, we might as well

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do COVID all over again and just bring everything to

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a halt, right?

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I think if you take Trump accounts, it's such a

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great contrast with Republicans and Democrats. Look at what a

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crazy state like California is doing right now, where Gavin

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Newsom has said, actually, you know, I think be driven

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by the fact that they're.

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Called Trump accounts.

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Yes.

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How petty this is, but they're going to treat contributions...

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from employers to their employees' children's Trump accounts as taxable

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income to their workers. You have to pay taxes on

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any contribution your employer makes to your kid's Trump account.

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That is insane and petty and small. We should not

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be doing that, of course. And then you take Republicans

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coming up with new ways for you to save and invest,

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be part of the economy. where I think there's going

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to be a generational change in the way we consume

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economic news. I think every time we're opening up a

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new savings account, you're probably converting a Republican voter. And

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then to have Democrats pushing this wealth tax to come

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after your life savings, come after all of your assets

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and your property, just insane to think that that's what

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they're campaigning on. And that's the direction we're seeing at

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the state level, California, New York, Washington, Oregon, Democrats in

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the Senate, And these DSA candidates on the campaign trail,

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Democrats are united in this march for the creation of

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a new federal property tax.

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Well, and a new government, you know, with the DSA

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taking control of the Democratic Party. Oh, yes, by the way, right?

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Well, I think what's so scary is you put these

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two things together. A wealth tax is by nature, it's

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a direct tax on capital. This is unconstitutional.

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Right.

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What Democrats are saying at the same time they're going

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to do is stack the Supreme Court And that's how

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they're going to pass this, because they're going to rush

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this through. They're going to break the Supreme Court in

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order to put forward this confiscatory tax. It's just terrifying

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what they're in lockstep doing.

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Yeah, exactly.

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A new study finds a major increase in STEM learning

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in after-school programs, but gaps remain. Today, 92% of parents

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with children in after-school say STEM is available, up from

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69% a decade ago. That's 6.4 million kids now getting

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STEM in after-school. Emma Binet, Overdeck Family Foundation.

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This study underscores the remarkable work out-of-school time programs do

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to help students discover the joy in learning while preparing

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them to succeed now and into the future.

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The study finds rural and low-income students are less likely

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to get frequent STEM opportunities, with rural programs also offering

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fewer opportunities in computer science and technology. Jody Grant, Executive

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Director of the After-School Alliance.

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STEM literacy is no longer optional. It's the foundation of

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nearly every aspect of our economy and our world.

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The next step is clear. Invest more in after-school programs

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so every child in every community has access to STEM

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learning after school. To learn more, visit AfterSchoolAlliance.org, sponsored by

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After School Alliance.

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in the language people understand plays a huge role in

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put Scripture into people's hands in a format they can

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tailoring training centers, and adult literacy classes offer occasions to

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standard of living. Constructing buildings provides space for worship. Digging

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wells provides clean water and opens doors to speak about Jesus.

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Such simple acts help weave hope into the fabric of

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daily life for people worldwide. To learn how you can

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for patriots.

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We're talking with Mike Pallitz, ATR's Tax Policy Director. And Mike,

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as you say, I mean, there's such a clear contrast.

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I mean, you know, here we are. Donald Trump is saying, look,

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this is what's in the pipeline. We've got all this investment, what,

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over $ 20 trillion of international investment coming in. You know,

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what's going on with AI? And I know that Barack

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Obama and the Democrats, you know, they want to turn

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this into the big Magilla. And, you know, here's the

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scary ghost, you know, that's coming out is AI, like

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as if, you know, our experts can't figure out. how

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to make this work. And they've got a bad track record,

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whether it's Y2K, whether it's the green energy scam thing

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that we've endured, all that we went through with PPP

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and the pandemic and all this. The Democrats have consistently

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been on the wrong side. If they get control, which

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they want, they will turn this over to a world body.

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This will end up being controlled by the United Nations

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if you're ready for that. Great.

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I think, of course, with something like data centers, the

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public has concerns. Innovation happens fast in America. We have

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to get people comfortable with what data centers and AI

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technology is bringing and the changes it's going to make.

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But if you look at what Democrats are doing on

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the campaign trail against data centers right now, it is

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the exact same playbook as where they were on fracking.

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Right, exactly.

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They were on nuclear power. You can sit back and

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ask yourself, have Democrats ever been on the right side

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of these questions?

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That's my point. Have they got anything right?

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I was watching a clip of Mark Ruffalo, the actor,

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in 2010 in upstate New York fighting for the fracking ban.

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And it is terrifying how similar it is to the

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same playbook on data centers where he's got a mason

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jar of allegedly dirty water. He's warning about farmers. He's

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calling for the temporary moratorium just so we know what's

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going on. And then what ends up happening? New York

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State passes this moratorium. They lose out on the 300,000

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jobs that Pennsylvania gained because of this. And you had

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the situation where Pennsylvania literally drank New York's milkshake. That's

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the same thing that's here. The opportunity, the job creation.

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and what this means to the American economy moving forward.

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Democrats are all on the other side of this, all

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trying to kill this off.

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Well, look what we did with nuclear energy, another case

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in point. And here they are, they're all concerned that

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China's going to get a leg up and all this,

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and it's like, hey, look it, you already got history here.

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China says, thank you very much for stalling out and

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stepping away from nuclear, and look what they're doing.

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Exactly right.

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There's no one who, I think the Chinese are sitting

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back and laughing at this. They're full speed ahead.

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Yes.

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And so I don't think there's anyone benefiting more from

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us potentially hitting the brakes here on innovation. But I

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think at the end of the day, I think we'll

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end up.

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Getting this right.

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I think the Congress right now is doing some things

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to address people's concerns about rising energy bills. I think

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that's the most important thing we can get the public

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comfortable with, is the idea that data centers are actually

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across the country and in localities.

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What we're seeing is.

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They're leading to lower property taxes and lower energy bills

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as they're bringing new production online.

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Well, how far flung is it when Trump says, Look,

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once the Iran conflict is over with, the gas prices

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are going to come down and that we're going to

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get a lot of relief, whether it's regular fuel or

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diesel fuel. Right now, there's no question what's happening in

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the Middle East is affecting those costs. But, I mean,

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in a lot of ways, I can say this. With

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confidence based on the past, if the Democrats were in

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charge right now, gas prices would be through the pick

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and roof. I mean, the fact that they're there where

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they are has been mitigated in large part because of

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the strategy and, you know, the tactics that Trump has used.

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to protect oil prices to a degree. And meanwhile, we're

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moving full speed ahead with our relationships with, you know,

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Venezuela and what he's been able to do there, the

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replenishment of the strategic oil preserve that, gasoline reserve that Biden,

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oh yeah, by the way, in order to juice the midterms,

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he opens up the coffers, right? Empties out the strategic

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oil reserves to benefit Democrats. You know, so Democrats are just,

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I mean, they're so hypocritical. I just don't want to

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hear from them anymore.

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The hypocrisy is on full display, where you've got, since

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the beginning of the Obama years, Democrats pushing a carbon tax,

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deliberately trying to make oil prices more expensive, and home

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heating prices more expensive, opposing fracking. You would think that

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they would sit back and talk about how these high

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gas prices have been great for the environment. Of course,

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they're not doing it. They're just trying to grab the

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current political moment. But I think, to your point, the

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Trump administration's made some great decisions. Another one I would

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add to that would be Jones Act relief and the

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waiver that they provided, allowing it So it's easier to

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transport port-to-port oil to keep pressure on prices coming down,

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the new exploration and development they're allowing to happen. And

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I think one of the remarkable things we've seen is

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that natural gas prices have actually stayed relatively flat or

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dropped in the United States compared to the rest of

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the world. That is, during this conflict, that is a

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historic and monumental sign of how powerful the American industry

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is and how dominant we are now. One thing we

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should avoid doing that's been discussed, I believe, Senator Leader

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Thune floated this and the governor of Louisiana, too. There

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was some discussion about doing an export ban on diesel.

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This is something we should be very careful to avoid.

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Republicans rightly oppose any effort from the Biden administration to

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have a ban on exports of crude oil. If you

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do that, that is a signal to stop domestic production.

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It'll only end up raising prices, not on just diesel.

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but on gas prices overall. We got to make sure

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we avoid that. It's a bad idea that's been floated

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and Trump should continue his opposition towards.

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The Bill Martinez Show 09 21 26

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