Podcast Summary
Biden Proposes $7.3 Trillion Budget for 2025 with Focus on Women's Health and Social Programs: Biden's proposed budget for 2025 includes $5.5 trillion in tax increases to fund healthcare, childcare, housing, and women's health initiatives, but faces criticism from Republicans over census count and economic concerns
President Biden's proposed $7.3 trillion budget for 2025 includes significant spending increases in areas like healthcare, childcare, and housing, with a focus on women's health. The budget also introduces new tax credits and subsidies. The majority of the proposed funding for these initiatives will come from a $5.5 trillion tax increase. However, the budget has faced criticism, particularly from Senate Republicans who are concerned about counting illegal immigrants in the US census and the potential for political power imbalance. Additionally, critics argue that inflation and the US's $34 trillion debt are significant economic concerns, and some experts had anticipated rate cuts rather than continued spending. The proposed budget comes ahead of the November election.
Biden's proposed tax hikes for corporations and wealthy individuals: Biden's budget includes tax increases for corporations and wealthy individuals, including a corporate tax rate hike, minimum tax for large private companies, tax on unrealized capital gains for billionaires, and taxing capital gains same as wages for millionaires, which could impact job creation, entrepreneurship, and economic volatility.
The proposed budget includes significant tax increases for corporations and wealthy individuals, including an increase in the corporate tax rate, a minimum tax for large private companies, a tax on unrealized capital gains for billionaires, and taxing capital gains the same as wages for those worth over $1,000,000. These proposals, according to Peter Earle, could have major implications for job creation, entrepreneurship, and economic volatility. While the chances of these proposals becoming law are low, they serve as a campaign message highlighting a hyperpopulist stance against wealth and innovation. Biden's popularity on economic issues is currently underwater compared to former President Trump. The impact of these proposals on public opinion is uncertain.
Republican Proposal to Exclude Illegals from Census Count Polarizing: The Republican proposal to exclude illegal immigrants from the census count for congressional seats and electoral college votes is a divisive issue, with supporters believing non-citizens should not have a say in American elections, while opponents argue it disenfranchises American citizens.
The recent Republican proposal to exclude illegal immigrants from the census count for congressional seats and electoral college votes is a polarizing issue that will further widen the political divide. According to Daily Wire reporter Amanda Prestigiacomo, the failed amendment by Tennessee Senator Bill Hagerty aimed to require a question about citizenship on the US census, which would exclude non-citizens from the total count. Those against the proposal argue that it disenfranchises American citizens, particularly in red states. On the other hand, supporters believe that non-citizens should not have a say in elections affecting American citizens. The issue highlights the ongoing debate over immigration policies and the role of non-citizens in American democracy. The proposal's outcome remains uncertain, but it is clear that it will continue to be a contentious issue in the political arena.
Democrats and Republicans Clash Over Counting Illegal Immigrants in Congressional Apportionment: Democrats oppose counting illegal immigrants in congressional apportionment, potentially altering district maps and political power, with critics labeling it a corruption of democracy. The issue has legal ambiguity, with a previous attempt being blocked due to reasoning rather than the question itself.
The recent vote on amendments related to counting illegal immigrants in congressional apportionment has become a contentious issue between Democrats and Republicans. Every Democratic senator voted against these amendments, with some openly expressing their intention to use illegal immigrants for redistricting purposes to maintain their power. Critics, including Elon Musk, have labeled this as a significant corruption of American democracy. This issue is not new, as a similar attempt to add a citizenship question to the census was made during Trump's administration but faced legal challenges. Currently, there are around 10 million estimated illegal immigrants who have entered the country during Biden's tenure, and if they were counted, it could result in the addition of several congressional districts, potentially benefiting Democrats. The legal door to this issue is not completely shut, as the previous attempt was blocked due to the administration's reasoning rather than the question itself. Democrats have yet to provide significant statements on their opposition to asking about citizenship in the census.
Wells Fargo Faces Allegations of Political Discrimination: State AGs accuse Wells Fargo of discriminating against customers based on political ideology, with gun shop owner's account closure and potential loan denials for climate non-compliance being major concerns.
The controversy surrounding the Trump administration's stance on the census and its potential impact on accuracy continues, while state attorneys general are raising concerns over alleged political discrimination by Wells Fargo Bank. The AGs argue that Wells Fargo is discriminating against customers based on political ideology, as seen in the case of a gun shop owner whose accounts were closed without explanation. The bank's reported moves towards denying loans to entities that don't meet certain climate emission standards further fuel these concerns. The gun dealer, Brandon Wexler, believes his accounts were closed as a backdoor approach to gun control. The AGs are vowing to protect their constituents from such discriminatory practices and are demanding answers from Wells Fargo. These issues remain unresolved and are generating growing concern.
AGs taking direct action against corporations over climate policies and political bias: State attorneys general are increasingly using their authority to challenge corporations' actions on climate policies and alleged political bias, raising concerns about a potential de facto social credit system limiting business and societal participation based on political ideas and speech.
There is a growing trend of state attorneys general taking direct action against corporations they believe are violating the rights of their customers. In the case of Wells Fargo, AGs are questioning the bank's climate policies based on the Paris Climate Accords, arguing that these are not American laws. Meanwhile, a group of AGs also sent a letter to YouTube over alleged political bias against pro-life content creators. These actions raise concerns about a potential de facto social credit system, where one's ability to do business and participate in society could be limited based on political ideas and speech. These developments underscore the increasing role of AGs in shaping corporate behavior and the potential implications for free speech and business operations.
Genetically engineered probiotic to help break down alcohol toxins in the gut: Try Z Biotics, a genetically engineered probiotic, before drinking to minimize negative effects and wake up feeling better
Z Biotics offers a genetically engineered probiotic, which is the world's first of its kind, designed to help break down the toxic byproduct created in the gut when you drink alcohol. This enzyme works similarly to your liver but is more effective in your gut where it's needed most. Consuming Z Biotics before your first drink can help minimize the negative effects of alcohol, allowing you to wake up feeling better the next day. To try it out, visit zbiotics.com/wire and use the code "wired" at checkout for a 15% discount on your first order. This innovative solution could be a game-changer for those who enjoy social drinking but don't want to sacrifice their health.
