given the multiple challenges that they re facing record, what exactly are they seeing what this new program that will help them be able to make that move? i would suggest you two things, one is that ransomware is so high it is probably less expensive to purchase than it is to rent. because, most people who can pay their rent can clearly pay a mortgage. what we are trying to do is, on the front and, assist them with getting into a new mortgage. a first time home buyer especially needs help. if we can save them anywhere from 100, $800 a year up to 1500 dollars a year that is significant. because, the margins are so small for first time home buyers. we know if we reduce this by 30 percentage points and reduced to uplift people can t afford it, it makes a world of difference for those who are just barely getting by. secretary fudge, good
much for having me. what we know is that as prices have continued to rise over the last few years, fewer and fewer people are buying homes. and, so what we thought the president and vice president said, look, everybody tries to find a way that we can relieve some of the financial burden people are facing every day. so, it came to us that person s who are not able to put down at least 20% on a mortgage are charged with a mortgage insurance premium. that premium knowing you are from $100 a month to 1500 dollars a month. it depends based upon the cost of the home. so, that maybe just enough to keep them from purchasing a home. we said, well, why are we doing this? we already have, in reserves the loss is five times what congress had assets to home. so, we said let s get it back to the people. let s find a way to help new homeowners, new home buyers, people of color, freshen ration
$15,080 a year. your proposal, your basic minimum proposal here, $15 an hour, still get you 31,200 a year. so for people who are offended by the idea of doubling the minimum wage, people are not running away with a whole lot of money at that point. you re still only earning $30,000 a, year if you earn 50 bucks an hour. ali, the price of housing has soared in recent years. the average worker, my god, your pain 1500 dollars a month to put a roof over your head. the price of food got, up you have health care expenses, and so forth. the bottom line, is this is not complicated. you have an economy right now that is doing great. fantastic. for the 1%. how about creating an economy that works for ordinary americans? that means you raise the minimum wage to a living wage. what that is, i don t know. at least 17 bucks an hour. it s going to be a struggle, that s the fight i want to
their truthful testimony. there are a number witnesses that fit that category. i imagine a big part of the work over the holidays is to identify which witnesses they want to go after. gotta be curvy here. as you re talking. it feels like i m getting the impression that you think things are really going to heat up in 2023. i do. i think that since egypt jack smith arrived he has had access to a lot of information. certainly a lot of investigation has already occurred. i think doj is running up against a little bit of a deadline now. to nobody get this case charged particular tridents an tensed before january of 2025. i think that means they ve got a file charges before the first quarter of 2023. barbara mcquade. always good to talk to you. thank you. house democrats are calling out the irs after publishing six years of trump s taxes. trump s records show he paid 1500 dollars in taxes in 2016 and 17. i got a refund more than $5
joining me now is david ca johnston, tax expert and founder of d.c. report dot org he is a good friend asked. good to see you again, david particularly on this topic which we have been waiting t discuss for quite some time. here is the thing. while he was president, trum paid a grand total of one poin $1 million in federal income taxes. looking at 2016 in 2017, h paid a combined 1500 dollars 2020, he paid zero taxes i mean, this is while the self anointed businessman suffered norm is financial losses and was in the red for most of his presidency how is she able to pull of paying so little in taxes? well, it s partially frau and partially tax law. of the amount of money that yo showed, alex, a good portion o it, about $450, 000, is what i called alternative minimum tax trump will get that back in th