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Date: 2025-08-22 Page is: DBtxt003.php txt00028011

TRUMP TAX CUTS FOR THE VERY WEALTHY Rebel HQ: AOC Cuts Through Trump's BS, Gives the American Public a Reality Check PLAY YOUTUBE VIDEO Original article: https://www.youtube.com/watch?v=rIlsYJP3jLM Peter Burgess COMMENTARY Thank you AOC! I am old and slowing down. It had not crossed my mind that the Trump 'give-away' to rich taxpayers in his last administration was going to end quite soon. The ultra-rich did not want the give-aways from Trump's first term to end ... and clearly Trump was a better (political) bet than Kamala Harris when it comes to tax policy in favor of the rich. Voila ... the rich get behind Trump getting reelected, and in turn Trump supports a continuation of the (obscene) tax breaks that Trump initiated in his first. AOC talks about this ... and I think she is 'spot on'! Peter Burgess
AOC Cuts Through Trump's BS, Gives the American Public a Reality Check Rebel HQ 1.17M subscribers Feb 11, 2025 #News #Politics #ChrisWilliamson Watch AOC's full Instagram Live HERE: • What’s Happening & How You Can Take A... In the wake of the brazen corruption happening at the top levels of our government, led by Donald Trump and Elon Musk, New York Rep. Alexandria Ocasio-Cortez took to Instagram Live to educate her constituents, and the broader public, about the existential threat our country's oligarchs pose to the average American. Chris Williamson breaks it down on Rebel HQ Be a driving force for change by supporting our work: https://go.tyt.com/rebelhq Follow Chris on Twitter: / cwilliamson44 #News #Politics #ChrisWilliamson Transcript 0:00 AOC recently took to social media to try and help explain the government chaos many people are seeing I want you all one of the important lenses that I want you all to interpret all of this happening through is through a very important deadline that is happening in the federal government and once you understand this you will understand and all of this chaos is going to start making sense okay um something very big is happening this year and it's part of the structure around which all of this chaos is occurring because why is Elon Musk raiding the treasury why are they do why are they suspending Federal funding like it's this goes beyond being a democrat or a republican this is just 1:00 this is anarchy this is just just taking all this stuff over so why why at the core are we doing this in addition to just sheer hatred because as we see Elon Musk you know maybe you can take the boy out of a partti but you can't take atite out of the boy apparently he's out here doing Nazi salutes so whatever but in addition to a white supremacist like whatever it is that they want to do let's talk about you always comes down to follow the money there is a very important deadline that is happening this year in 2017 Donald Trump and the Republican Party forced through one of the largest tax giveaways to the rich in modern American history this was in 2017 this would we are talking about grotesque 2:00 levels of tax cuts that they issued at that time we're talking about CEOs and people being able to to you know them proposing uh tax cuts on y like tax write off write offs on yachts and private jets but most importantly some of the most broad-based tax cuts for the rich and the 1% in this country that we have ever seen ever seen that happened in 2017 so why is that important to today those tax cuts had a sunset period and that Sunset period occurs in [Music] 2025 2025 so now we're here and right now what is happening is that all of these tax cuts that billionaires and millionaires have been just getting high off the Hog on 3:02 over the last couple of years are now about to run dry if they do not reauthorize them if they do not extend them and not only not ex not only if they do not extend them but ideally they want to add to them massive tax cuts for some of the largest corporations that exist in America and in the world and so they have a massive thing at stake so right now their their task is to extend these tax cuts and what Elon Musk wants is for these tax cuts to not only be extended but to apply to him in a larger way than ever before so that he can amass even more money than than ever before I agree completely with AOC the reason why you're seeing Anarchy by Donald Trump Elon Musk and so many others who think like them in addition to White Supremacy and 4:01 hate is because of money follow the money remember we live in a capitalistic Society where so many in our country want to make much more money at the expense of others having to pay more in taxes so that they can be grossly wealthy and Rich we're talking about the 1centers okay we're talking about the the billionaires than the millionaires the problem with extending they have a little Wrinkle In extending some of these massive structural giveaways to the wealthiest people in this country and the problem is that they have to pay for it they have to pay for it these tax cuts are to the tune the cost of these tax cuts are to the tune of about $4 5:02 trillion $4 trillion and so if we're going to give if the US federal government is about to if these tax cuts for the wealthiest people are going to expire this year and um and if those tax again if those tax cuts are set to expire and in order to extend them you need to find $4 trillion well where do you look because historically in this country when you need to pay for something you pay for it with taxes and and other you know other small red other kind of Alternative forms of Revenue sources as well I'm not trying to I need to simplify but I want to oversimplify um and especially when it comes to some of the core most important systems healthare education Etc we we have had a system where we tax 6:03 progressively now not in not in principle you know not in terms of the political progressivism principle but what it means is that the more money you make the more you get tax quote unquote we know that that's not how it works in in you know practice but in theory that's how it should work right a billionaire should pay more in taxes than a secretary and um and historically not just billionaires but also Mass corporations Etc that's how we keep the lights on that's how we keep Medicare Medicaid the VA at Public Schools like through taxes so if these tax cuts are going to cost $4 trillion and the government and you're in by definition not going to tax anyone 7:01 else well not going to tax the rich in order to pay for it then how are you going to pay and square that Circle there's two two ways that you do that one is that you tax the poor and you tax the working class and you tax the middle class you raise taxes on that which by the way they are proposing I think if you make less than 300 or 350 is ,000 your taxes will be going up and actually the more the further below that number you make the more your taxes are going to go up by so sorry that keeps happening um uh so you know if you're making $28,000 they want you to be paying way more in taxes especially proportionately um than if you're making $150,000 but all they are proposing all 8:00 of our taxes to go up that's one way but guess what that's not going to make that's that doesn't make up the difference it may make up a small bit but it doesn't make up the difference $4 trillion you are not going to make that by taxing people who make $28,000 a year a little bit more doesn't make it up math doesn't Square it makes perfect sense why Elon Musk is raiding the treasury Department and he's got all this access as a special government and employee you know that's the term that that Trump gave him cuz they're trying to get more they're trying to get the rich are trying to get richer okay they are greedier than ever before and because of that bill that Donald Trump signed the law that in 2017 that would disproportionately give tax cuts to the rich and the wealthy because some of those tax cuts are going to expire in 2025 right now at the end of the year 9:01 well you got to find a way for people to pay for that you know what I'm saying you you have to find a way and how do you do that as she points out one way is you tax the lower class and the middle class that much more so the people who are lower on the hierarchy in terms of what they're paid in this country they are paying more in their taxes than individuals who are in the 1% who are billionaires who are millionaires right so that's part of how you find this $4 trillion that it's going to cost over 10 years according to experts to make it permanent permanent for these individuals to get these gross tax cuts while everybody else they suffer more and more their quality of life goes down 10:00 it's not it's not rocket science again so much of what we're seeing in this country and just in general comes down to capitalism and people wanting to exploit the poor the marginalized communities they they know exactly what they're doing know exactly what they're doing first of all they tell you all of these stories about waste and government waste and we you know Doge and whatever first and and foremost understand that there is already in a federal agency who is a watchdog on waste in the United States that is known as the government accountability office so all these people acting like oh we're going to set up an agency to identify waste um as though that's never been an idea before like you know take a number these people and I can tell you I in my experience I have encountered many 11:02 billionaires in my career you all have seen many of those Encounters in hearings in other you know forms of questioning Etc I can tell you that this dude is probably one of the most unintelligent billionaires I have ever met or seen or witnessed um which you know can probably even glean that from watching these people on TV anyways all of that is to say is that they don't do their homework clearly like they're putting 19-year-olds in at the treasury this dude is not smart um and uh and the danger in not in the lack of intelligence and the lack of expertise um that Elon has I mean this guy is one of the most morally vacant but 12:01 also just least knowledgeable about these systems that we really know of um but the point is is that what that means is that they're going to hit a button inevitably they are going to hit a button and things can go sideways we already saw that last week when they were like oh yeah we're going to freeze everything that sounds so cool let's do that they hit the freeze button and then Medicaid portals across the United States got suspended through that EO and they tried to make up for it and be like oh that has nothing to do with with all of it really you're going to freeze all federal programs and then the Medicaid portal is suspended and you think people are going to think that's not connected I mean I know they think people are stupid but it's like genuinely just be so for real right now anyways um 13:01 so what they're trying to do is that under the guise of waste they are going to try to cut and gut some of the most essential Federal programs that we've got in fact how do we know this because the Republican majority and their budget had a sensitive internal document that got leaked a couple of weeks ago and I can tell you that I read through it and they identified bit by bit everything from the mortgage interest tax deduction to which I raised a couple of weeks ago to Medicaid itself they have identified as wanting to eliminate in order to pay for Elon musk's tax breaks Jeff bezos's tax breaks U Mark Zuckerberg's tax breaks and other giveaways as uh and other sorts of give giveaways um to the wealthiest people and corporations in this country the point is when you eliminate all these Federal programs 14:01 right and funding for them oh then that money that you need to pay for the tax cuts all of a sudden it's there right and you can live the way you want to live even though you're an evil human being um but when you eliminate you know they talk about they want to eliminate waste taking away Federal programs will help do that you know it's not waste um when it comes to what's actually important you're actually wasting away so many good agencies that are going to help um millions of people in America right who depend on these programs but it's going to help them live the way they want to and it's just sick it's not shocking whatsoever but a lot like a lot of things in in this country y'all comes down to money comes down to 15:04 Greed and they look said they said look we want to extend these tax cuts permanently or we'll find a way we will do whatever is possible to make sure the rich and wealthy get their tax breaks and that the people who are less fortunate the people who are less um financially Rich oh you're going to suffer your lives are going to be miserable why we live in absurd wealth that is so beyond me why anybody would want to do that but again there are a lot of bad people in this world and now the bad people have power in ways that we haven't seen before you know this isn't it's not new that people want to operate in this manner but because of who's in 16:00 charge it's a different playing field and there are much more serious consequences as opposed to when there was just people on the street who wanted to live a certain way right or wanted to exploit the average American for Reb HQ I'm Chris Williams and we'll see you next time

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