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it s gonna raise revenue by creating a more fair tax code. and bring down the deficit. it is a much more streamlined bill than what we have been talking about in the past. but it is no less important in its scope for our economic future. which is why, democrats and republicans could get behind it, but of course, no republicans are. so all of this is sitting on kyrsten sinema. she is a hugely powerful position. yet the one thing she is asking for, while she is here is to leave the current interest loop alone. can you help us understand how that would serve anyone in the state of arizona? a complete hookup for private equity titans? who in arizona would care about that? i can t speak to how many hedge fund managers there are in arizona. but the larger point is that kyrsten sinema should be putting the needs of the american people first.
it s going to make investments in climate change, and energy security. and in health care. it s gonna raise revenue by creating a more fair tax code. and bring down the deficit. it is a much more streamlined bill than what we have been talking about in the past. but it is no less important in its scope for our economic future. which is why, democrats and republicans could get behind it, but of course, no republicans are. so all of this is sitting on kyrsten sinema. she is in a hugely powerful position. yet the one thing she is asking for, while she is here is to leave the current carry interest loophole alone. can you help us understand how that would serve anyone in the state of arizona? a complete hookup for private equity titans? who in arizona would care about that? i can t speak to how many hedge fund managers there are in arizona. but the larger point is that kyrsten sinema should be putting the needs of the american people first.
message they re taking this on and when you get to 2024 you re not worried about inflation anymore and you re living life the way you used to. that s the key to their success. let me slip one more on oil companies. there s this support in the senate, this proposal from senator widen on a sir tax, 21% on excessive profits of the oil companies. do you think that s a good idea and could that backfire? again, this is history repeating itself. we put in a wind fall profit tax in 1980. it was a spectacular failurement it depressed oil production in the united states. it doesn t raise revenue. it didn t solve the high price of oil problem. i don t think this is the right way to go. it s always, i think, tempting to demonize oil companies, but that s not going to change global oil markets which is
is to undo a lot of the trump tax cuts and raise revenue. no republican is ever going to do that. the only way to get rid of inflation is through reconciliation. sean: oh, chuck, 40 year inflation and record prices for everything you buy in every store you go to pier the highest price of gasoline we have ever paid and more to heat your home they never paid and chucky want you to believe the record-setting inflation by biden was cut by a tax cut five years ago and not the trillions of new spending and the idiotic energy policies that joe biden and artificially reduce the world supply given to green new deal radical socialist? now, chuck schumer is either really stupid or really dishonest. i would actually argue both. anyway, may be just desperate. the polls for democrats are extremely bleak. look at the map. the leader of their party shall be biden is under water and almost every single state. even the new york times is in a state of despair in an article