RADIOAugust 05, 2022

Why Biden's MASSIVE expansion of the IRS should WORRY YOU

The latest bill being pushed by Democrats — The Inflation Reduction Act — includes within it a MASSIVE expansion of the IRS. How much will the federal agency grow? President Biden wants to hire 80 THOUSAND new agents. Carol Roth, author of ‘The War On Small Business,’ tells Glenn this expansion is NOT to target billionaires committing tax fraud, like Democrats may claim. No, she says, this IRS expansion likely is to target YOU and other middle class Americans who refuse to comply with our far-left leaders in power…

Transcript

Below is a rush transcript that may contain errors

GLENN: Biden is seeking an extra $80 billion. This is on top of the other spending. This is $80 billion, in extra funding, for the IRS, to crack down on tax evasion by those billionaires. Which, not a chance. You just tweeted, they're only going after the billionaire and the wealthy crowd. The government consistently enables wealth transfers to the wealthy. You think that's what they're going to change?

Who has the bucks to support the lobbying and their reelection? Really?

They're going after that. Biden hiring 87,000 new IRS agents to go after 800 or 900 billionaires? Enjoy your audits. What's this about?

CAROL: Yeah. I hope everybody is prepared. This is very frustrating. The Democrats like to pretend that they're the party of the middle and working class. And the Biden administration has continued to find ways to extract wealth from the middle and working class. We saw it in the American rescue plan. They raised the reporting threshold for any sort of hobby sites you might have. To potentially get the flags for audits up. It went from $20,000 on an e Bayer, Etsy down to $600. Now, and this was part of Build Back Better, which we thought was dead. But now is just coming back in pieces. This piece has survived. $80 billion for the IRS. Over which half of that, as you said, is going to hire 87 thousand agents, for enforcement. Okay? We don't need 87,000 agents, to go after what was 800 or 900 billionaires. It might not even be that much anymore. Now that the stock market has gone down. So who do you think they're going after? They want you to buy into this. They want you to buy and say, yes. Those people need to pay their taxes. And as soon as you give them that approval and that money, they will come after you. And regardless, you should pay your taxes that are due. But that doesn't mean that you're not going to get an audit. And that doesn't mean you're not going to have to justify every single thing you can do, and waste your time and money, so they can extract a few more dollars from you.

GLENN: We know from the Obama administration, they politicized the IRS. We also know, that they just bought 700,000 dollars' worth of bullets, for the IRS.

That is really frightening. 87,000 new auditors, going out to, what? Small businesses of America. They're not going after the rich. They -- you know, they're not going to go after the poor either. But they're going to go after anyone who, A, disagrees with them. And because it's now public/private partnerships. Any business that doesn't agree with them.

CAROL: Yeah. This is really, really scary. In fact, now that my tweets have sort of gone viral. I've never been audited before. But I'm certain that I will be next time around.

GLENN: I was audited under the -- under the Obama administration, for the very first time. So that was fun. That was fun.

CAROL: Yeah. And they do. And they politicize it. And the crazy thing, are the number of people who gave feedback and said, well, if you're not a tax chief, what do you have to worry about?

And you hit the nail on the head, Glenn. Is the politicization of this. They're going to come after people. They're going to harass you. They're going to tie up your time and money. And regardless of whether you've followed the rules or not. There's a great Warren Buffet phrase. If the cop follows you for 500 miles, at some point you're going to get a ticket. It's the same kind of thing. They will find something. Because you have to justify it. And even if you're in the right, they still have a final say. Now like I said, now they're loading up on ammunition. So what exactly is it that they're going to do?

GLENN: So I think this is part of just the impoverishing. I mean, you want to take down inflation. You have to stop people's buying power. The government is spending money everywhere. So that's just going to increase inflation. But they're impoverishing us. At 2030. You will own nothing, and you will be happy. Like the World Economic Forum's plan is. You have to impoverish people. And so they're taking our money through actual taxes. Getting more Draconian on it. But they're also taxing us without representation. In inflation. It's -- it's -- go ahead.

CAROL: Yeah. I was going to say, everywhere you turn, from either side, there's either the direct or indirect taxation that impacts you on an ongoing basis. You know, it is the continual expansion of the government and the monetizing of the debt. It is the intentional causing, a deliberate causing of this rampant inflation. That lowers the purchasing power, even if you feel like, oh, I may be making a few more dollars. You know your dollar isn't going as far. Then they're going to do it through direct taxes. Then the next thing is coming, after this. And they've already started ceding this, is wealth taxes. We've heard. Oh, we'll start taxing, quote, unquote, unrealized capital gains. Or income. Which it's not. And there is an 84.4 trillion Dollar General racial wealth transfer that is going to happen in the next 23 years. This is, you know, the -- the Boomers. And those above them, who will be passing them on. Do you think the government is not trying to get their hands on as much of that as possible. Of course, they are. So they are ceding this stuff, with the billionaires, so you can see the principle, that it's okay to do it. And that is, in my opinion, what they're really after. $84.4 trillion that will be transferred from one generation to another.

GLENN: So here is. Here's the real problem of this. You know, the people will cry out for the millionaires and billionaires. But once you do that. You're violating the principle. And they can come after you for it as well. And, you know, you don't have the right, in my opinion, the progressive impact tax, is morally reprehensible. It's just morally reprehensible. The government cannot print a right to do what you cannot do. So if we all agree on taxes, it's totally fine to say, okay. Everybody pays the same rate on my block.

But it's not -- I don't have the right to tell people, you know what, they have more than you do. And I do. Right down the street in the next block. We're going to have the sheriff go. And they have to pay more in taxes, than we do. I don't have that right. I don't have that right. How does the government have the right to do it?

CAROL: Yeah. They don't. And even the rhetoric. You know, I'm a strong proponent of individual rights at the principle level. And you have people like, you know, Elizabeth Warren, who go out, and they name people. They name Musk. They name Bezos. We're going after these people.

GLENN: Oh, yeah.

CAROL: Think about that. You know, assume these people didn't have billions of dollars, and you don't like them for whatever reason. The principle that somebody in Congress is specifically going after a civilian, is so morally wrong and scary. And then what if they decide to do that for you, for whatever the reason is? I mean, you cannot concede these principles. And unfortunately, we have so many people who are basically just bootlickers of the states. That they say, no, no, no. Down with this person. Down with this person. And they're the ones who will end up with the middle class and the working class, completely trashed. Because I hate to tell you this, folks. The billionaires don't have enough money. If you took the top eleven billionaires, you took away every penny of their wealth, as it's valued today, you would fund the government for two and a half months for one year, and then it would be gone. So who are they going after? Everybody else.

GLENN: It is -- you know, I talked about this yesterday, that if you look at what the government is doing. We had the strategic oil reserve full. And it was, you know, at $2 a gallon. And then, Biden comes in. And he pretty much raises -- creates a new tax on gasoline. By shutting everything down. So it costs us $5 a gallon. And we're having a hard time with it. Then he says, I'm going to take your tax money, and I'm going to refill this oil. So now the government is in competition for us, with us. For that oil. So we're going to pay. Not only for that oil again. But we're also going to pay for it at the gas pump. And it will cause a problem. But the most important thing is. And this is happening, I think with chips as well. The government is becoming the big buyer. And when you're a big buyer, you control the market. And so you control what these companies do. This -- I think they're creating pun private partnerships, while impoverishing us.

CAROL: Yeah. I mean, and we've seen this happen, it's sort of a steppingstone to the nationalization of industries. And we saw this happen in Venezuela, which was, you know, the fourth or fifth wealthiest country in the middle of the 1900s. And now the median net worth for Venezuela is zero. Because they went, and they sold it in the exact same way. They sold it with -- there's inequality. And we never to make things better. And if you give it to us, we'll make it fair. We've seen this story happen many, many times before. We see the result. This is exactly what they're doing. They only care about their power grab. That only works with the elites. Then they have the poor. There will be no middle or working class. That will be that far bell that we see throughout history. And that's what gives them the ultimate power. And it's at the expense of your freedom. Your wealth creation. Opportunities. And, frankly, the foundation of this country.

GLENN: There's still a chance that we can turn this around though, don't you think?

CAROL: I do. I certainly was. But we have to get people involved who have the fortitude, to go in and reset the system. You know, we have a situation, where the government, without any -- you know, this magical covid relief. They're projecting for this fiscal year to spend $5.8 trillion. That's like a quarter of the GDP. Like, we can't have that happening. Every dollar that the government is spending. Is taking away from the private sector is -- is just money that's being transferred one place to another. It's not productive use of Capitol. And so we need to have people, who are willing to not just talk the talk. But actually walk it. To go in, and say, this is enough. We have to change things. We can't just kick it down the road. We need real reforms. And unfortunately, we are dependent upon people to do that.

STU: So I want to ask you this. And then I will ask you this, and come back for your answer. I think most people just -- these numbers are so big. They don't understand, and they think at some point, we're not going to be able to pay it back. So it's just going to default on it. So we'll just -- bankruptcy for the United States, or whatever. That's not going to happen. We are the one country, that I think the world will demand, that we pay our bill. So can you tell -- people who might be thinking, that's not going to happen. I'm not going to have to worry about it. My kids are not going to be slaves to this debt. They're just going to wipe it clean. Can you talk about that? Because I would love to -- I've not asked your opinion on that. On which way you think it's going to go. But we'll do that next with Carol Roth. MyPillow would like to remind you, that fairytales can come true. I mean, once upon a time, there was a princess named Nancy. And Nancy went on to a journey to a far, far land. A land called Taiwan. And it was a long journey. And she got tired along the way. And she went to sleep, on the bed in her private jet. And she said to herself, you -- you know what? Nancy, little girl. You deserve a little drinky winky. And some shut-eye. And these sheets are just not comfortable at all. They're making the big drink.

Sadly, Princess Nancy's plane, for all of its luxuries, had terrible sheets. But thank goodness, you don't have to. MyPillow is having a sale on their percale sheets. Which will keep you cool and comfortable in the summer. Normal price is almost 90 bucks. Now, they're 39.98 when you use the promo code Beck. Very limited supply. So order now. Because -- otherwise, you're going to have to make a drinky winky. MyPillow.com. Click on the radio listener specials square. Use the promo code Beck. You'll also get deep discounts on MyPillow products. Or call 800-966-3117. And use the promo code Beck. Ten-second station ID.
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Don't forget. Tonight, 9:00 p.m. the Wednesday nature special. It's all about chaos within and what is coming. Chaos and crisis. The left's revolutionary playbook hits the American streets. That's tonight at 9:00 p.m. only on Blaze TV. I'll see you there. So, Carol, talk to me about this debt. Because we forgive debts all the time. For nations. What's going to happen with us?

CAROL: So there are only so many different options. And certainly, we could hope that we make some changes. And that we can get it under control ourselves. I don't think that's probably the most likely option. And so some of the things that are on the table, are frankly quite horrifying. And I think it might be, you know, a longer time coming. Like, nothing that's going to happen in the next two to three years. Maybe the next 15 to 20 years. But it's still a very bad thing. One thing. And obviously, this is the current tenure of the people who are in power. Is that they will just keep printing more money. Oh, we own the money printers. So we'll just print enough money to cover our debt. And that ends up devaluing our money. And we end up having money that is completely worthless, as we've seen around the world. That's one possibility. They can actually pay the debt. But not without killing the value of the dollar. That's one thing. A second thing -- oh, go ahead.

GLENN: No. Go ahead. Please. Finish.

CAROL: Okay. So a second thing is a special war. Whether it is that we start the war, as a diversion tactic. Or there happens to be another war, that we get involved with, that comes to a different reset of the monetary situation. If you think about of the different financial empires of recent times.

Whether it be the Dutch, the British, you know, then our own financial empire.

There were all these wars that basically had this reset. And people coming together. And a decision. Okay. This is how we're going to now have the monetary policy, for the world going forward. And obviously, for us, that's not a great outcome either.

GLENN: So that's what I think this is really all about. When they say, the world needs to be reset. They're really worried because china is on the brink of collapse. All of us. We've all spent too much money. And it's in everybody's best interest to try to land the plane. But they're not telling the American people this. But try to land the plane as safely as you can. Instead of just falling out of the sky. And working something out. But this is also why I think war is so scary right now. Because there is another incentive. And that is to reset the world.
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That's what happened in the first world war and the second.

CAROL: Absolutely. It's a big issue. It's one of the gray swans that I've identified out there, and something people should be keeping an eye on.

GLENN: CarolRoth.com. CarolRoth.com. The author of The War on Small Business. CarolRoth.com. We'll talk to you again, Carol. Thank you so much.

CAROL: Thanks, Glenn.

EXCLUSIVE: Chip Roy Explains His FIERY Rejection of Spending Bill

According to the media, there’s a big fight going on between Republicans over the House’s new slimmed-down continuing resolution spending bill. Some, including President-elect Donald Trump, wanted the bill to pass. But others, like Texas Representative Chip Roy, argued that it still wasn’t ready. However, is the Republican “unity coalition” really crumbling, like the media claims? Rep. Chip Roy joins Glenn to explain what’s really going on. He argues that he IS trying to give Trump and DOGE a 100-day “runway” to fix the country. But he makes the case that, by increasing the debt ceiling by $5 trillion without agreeing on other cuts, this bill gives bad actors the ability to be an “obstacle” to Trump’s agenda further down the line. Plus, he reveals to Glenn that he believes some of these bad actors LEAKED false information about his stance to Mar-a-Lago.

Transcript

Below is a rush transcript that may contain errors

GLENN:

I think we have a great opportunity today. To show you how to have a -- tough conversation, with friends, friends. Where you deeply disagree on something.

But you know that their intent is good. They know my intent is good. Or our intent is good.

And we actually have the same end goal, but we disagree on the path. And we're going to walk away friends.

Chip Roy is joining us today. And, Chip, I love you. And I always will. And I agree with your, we've got to cut spending. We have to. But Liz Wheeler is with me. And we've been talking about it all morning. It's the -- the -- the -- the system of DOGE and Trump, the call-out to the world, in saying, you've got to surrender the Capitol. You know, the bad guys are in and about to take all the money.

Surround, and tell them, come out with your hands up. And that happened. And we scored a massive win, in an entirely new way.

Ask then you stood on principle, one we both agree with.

And it failed!

And so here's -- here's what Liz and I were talking about. Here's what we want to say to you.

And then get your response.

LIZ: Hi, Congressman Roy, this is the way I see it. I want your take on it. I love you. I think you're one of the best members of Congress. I disagree with you on the process that's happening. And I think that is the difference. The process. We elected Donald Trump to be a disruptor. Because Republican members of Congress for decades have been telling they're fiscal conservatives. They want to decrease the debt SEAL. It hasn't happened.

It hasn't -- it hasn't been done. And so Donald Trump comes in with Elon Musk, and uses this DOGE process to first identify these pieces of garbage in the first 1500-page bill. And take those things to the people. We took them to members of Congress. Congress said, okay. We'll listen to you.

So that new process was very effective.

And my question to you is: Once that process was proved to be effective. Which I think is exciting and wonderful.

How do we bridge this divide, with you, to say, okay.

Let's put some faith in this new process. And trust Elon Musk and Donald Trump and the Dow Jones process, to eventually address the debt ceiling, but get this done right now?

GLENN: And not blind trust. Chip.

CHIP: So appreciate you guys. Appreciate being on the show. Particular order. I have to go through a couple of things.

GLENN: Yep.

CHIP: Number one, it's important to remember that my job and my duty is to the Constitution, to God, and the people I represent. I told them, when I came to Washington, I would not -- I would not let the credit card and the debt ceiling and the borrowing of the United States without the spending restraints necessary to offset it.

GLENN: Okay.

CHIP: Right now, all we have are promises and ideas and notions. What I know, that neither of you respectfully no, and that none of your listeners respectfully no are the people that are in the room, that I was in with yesterday. And the day before, who are recalcitrant.

And do not want to do the spending cuts that we need to do.

That I believe the president and the DOGE guys. And everybody want to do.

My job, is to force that through the meat grinder. To demand that we do our damn job. Okay?

GLENN: Okay. So hang on. Okay. So wait. Wait. You're right. You're right. You're right. Go ahead.

CHIP: Number thee, when we were going through the bill, I'm glad the bill dropped from 1,550 pages to 116 pages. Three-quarters of Twitter or X or whatever you want to call it, have been out there spreading false facts that we supported a bad bill and didn't like the better bill.

That's not true. But let's be Lear. The 1400 pages that were cut out. It's a panacea.

There were some good stuff in there. There were some bad stuff in there. There was a lot of disinformation.

There wasn't a $70,000 pay raise. There was a 3,000-dollar pay raise.

I didn't support any pay raise. I didn't support a lot of the stuff in there.

But there's a lot of misinformation. And here's the thing: The 116 pages that were left, and I opposed violently the first bill. I was leading the charge on fighting and killing the first bill.

GLENN: And I love you.

LIZ: The second bill for 116 pages. Turned off -- turned off the pay go requirement. That we slash 1.7 trillion automatically.

And added a 5 trillion that are increase.

My view was, I could not support that, without a clear understanding of what cuts we would get, in mandatory spending next year. And undo any of the Inflation Reduction Act.

The undoing of the student loans. The undoing of the crap with the food stamps.

And everything else. I yield back.

GLENN: Okay. I yield back.

Chip, you're not in a hostile room. We love you. And we agree with your end goals. It's our end goal too. We didn't make that promise that you made to the people that voted for you. So we have more wiggle room here.

But you say -- I think our big difference is, you say, I know the guys in the room.

You're right. You do. And we -- we ceded that earlier today on the show.

You are -- one of us is wrong on trust.

I don't trust any of the weasels in Washington.

But I think Donald Trump and Elon Musk and Vivek Ramaswamy have earned enough trust, to get a grace period, here for the first -- maybe the first year.

Or at least six months.

To turn the economy around, and also reduce the size of the government.

And totally flip this thing.

And I know, as somebody who is -- you know, run a company, mainly into a ground. But run a company, and have to switch it, in the middle, and totally reshuffle. That -- that actually costs money, while you're doing it, to bridge the gap.

Because you have to fill up holes while you're filling in the gap.

You don't trust the people in the room. Neither do we.

But we do trust the system that worked on Wednesday with DOGE and Donald Trump.

Where do we disagree?

Can you give them --

CHIP: We don't disagree. And yesterday morning, I was making that precise argument in a room full of conservatives and then a follow-up room with people who will call it, less conservatives.

GLENN: Republican. Yes.

CHIP: And so we were making this argument. And then someone infamously. Something leaked out of the room, somehow out to Mar-a-Lago. That I was being resistant. Because I was negotiating trying to get the agreement to achieve the objective that you just said. I was trying to get, okay. In fact, yesterday morning, I made the argument to a group of conservatives. We need to give the president runway. We need to give him his first 100 days. We need to appreciate JD, and Vivek, and all the people -- and everybody involved. For the president to achieve the objective.

But to get there. We have to make sure that the guys in the room, that are an obstacle to that, don't have the ability to block it.

Because information flow matters. And when those guys tell the president, they can't achieve X.

Then the president will not achieve X. Our job was to force and demand, guys, we need actual understanding of what the cuts will be.

And because otherwise, we're asking us to accept a 5 trillion-dollar limit in our credit card increase. In exchange for nothing!

Literally, in exchange for nothing, but -- but hope.

So our job was to force that change.

Unfortunately, while I was trying to make the argument that we needed something in order to get the votes, someone leaked that down to Mar-a-Lago, and the president reacted.

But now I have to now manage that.

GLENN: Right. I know. I know.

CHIP: They're trying to enforce change in town.

GLENN: So hang on.

We have to leave this. Because I'm going to run against the clock.

I could talk to you all day about this. You were in a meeting this morning about J.D. Vance. Can you tell us anything about that meeting?

CHIP: That meeting happened, because despite what happened yesterday, I'm trying to get this done. Last night, talking to JD, we worked to get this meeting done. We had some good progress this morning.

But there still remains people concerned about spending. That we can work out, what agreement we can reach. On what spending cuts. We can actually get next year, in exchange for giving the vote on a debt ceiling increase.

So it remains fluid. Progress was made. But we have to keep working on it.

And I left that meeting to talk to you. Soil get an update in a minute.

GLENN: Thank you for that, by the way.

I hear there is a new bill that may be coming today.

Is that the one you're talking about?

Or is this another bill that could be another nightmare?

CHIP: Despite other people leaking crap, I refused. I can't say, because it's not been decided by the speaker.

And it's not right to talk about things they're talking about in private meetings.

GLENN: Yeah, but it's -- it's this speaker. I mean, is he really the speaker anymore, Chip, really?

CHIP: We need to hear what bill we need to get forward. And I can't talk about the private meetings. But, look, I'm going to keep fighting for what I promised people that I represent.

I'm going to fight to cut spending. I am going to represent article one.

I'm going to support the president's agenda, but we've got to do that together.

GLENN: Okay.

Chip, thank you.

I think we can -- I think we agree, but I await to see what that means to you. Because we may just have to agree to disagree on this.

But I love you. And I still want you to replace Cornyn.

CHIP: The short version is, for inflation's sake, we cannot increase the debt ceiling $5 trillion without knowing what we're getting for it.

And I don't think anybody should disagree with that.

GLENN: But you don't disagree that Elon Musk and Trump and Vivek are serious about gutting the system.

CHIP: I believe that is their objective. I believe there are obstacles to that objective. And I need to know the sincerity of how we deal with those obstacles, both structural, and human. And we have to figure that out. And that's my job.

America's Favorite Villain Is Ready for Nuclear Fallout. Are You? | Glenn TV | Ep 401

In this episode of Glenn TV — a theatrical how-to guide to survive the breakdown of society after a nuclear attack, according to the new movie “Homestead” from Angel Studios. Glenn Beck interviews the movie’s star and executive producer, Neal McDonough, who plays the head of a family trying to survive as society is breaking down in a postapocalyptic world. You’ve probably seen Neal in everything from the hit TV shows “Yellowstone,” “Suits,” and “Justified” to movies like “Captain America,” “Minority Report,” and the groundbreaking mini-series “Band of Brothers.” Glenn asks Neal what it’s like to play a villain so often, how TV and movies are changing, and how he survived Hollywood as a devoted Christian and husband who refuses to do onscreen kissing scenes with any of his female co-stars. They also discuss his battle with alcoholism, what it’s like working the legends like Sylvester Stallone and Kevin Costner, and the cultural craving for Western cinema. Note: Angel Studios is a sponsor of “The Glenn Beck Program.” Get your tickets for “Homestead” at https://Angel.com/Beck.