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Aug. 8, 2022 - Sean Hannity Show
35:35
The Poor Are Under Attack - August 8th, Hour 1

Sean breaks down the latest on the "Inflation Reduction Act" geared toward fighting back on Biden-era inflation that is ruining the country.  Sean breaks down exactly why this is an attack on the middle class and what we can do about it!See omnystudio.com/listener for privacy information.

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America Trapped Behind Enemy Lines.
Day number 359.
Almost the full year.
Nobody talks about it.
They've all turned the page, abandoning Americans behind enemy lines.
And here we are, the only ones that ever mentioned it.
Our thoughts and prayers are with them as Joe does nothing.
So this happens over this Voter Rama, as they love to vote.
There's a Voterama going on, a Voter Rama.
So as much as they want to convince America that this bill, and it is a bad bill, it is the Inflation Increasing Act or the Destroy the American Economy Act or the Embolden the IRS Act or Punish the Middle Class Act.
So you have, you know, straight down party lines, 50-50 vote, Vice President Harris breaking the tie in the Senate, jamming this reconciliation bill.
And basically, you have a Democratic Party that has now declared war on the middle class in this country because they are paying the bulk of monies in spite of Joe Biden's promises never to raise taxes on those making over $400,000 a year.
We told you during the election that was a lie.
No one seemed to want to pay attention to it.
On top of that, they're going to more than double the number of IRS agents.
Get this, the IRS will end up with more paid staff members than the State Department, the FBI, and the Border Patrol combined to go after you, the American people.
In other words, you'll all get the Hannity treatment.
I keep saying that.
People say, what do you mean by that, Hannity?
I mean, it means you have no idea.
You know, in Hannity's name, pull it, pull it, which is why I have two accounting firms and a law firm that goes over my taxes every year.
But it's, you know how expensive it is, by the way?
If you're going under an audit, you cannot, by the way, and I don't care whether you can afford it or not, you cannot battle the IRS by yourself.
You have to bring in accountants.
You have to bring in lawyers.
You can't do this.
You need professional people to help you.
Now, there was an amendment of Susan Collins, Maine, that would have prohibited hiring the 87,000 new IRS agents prior to current IS employees returning to the workplace.
It would have been short-lived, but it doesn't matter.
It would have given us a little bit of a break.
They're more than doubling the number of IRS.
Think about that.
More than the Department of the State Department, the FBI, and the Border Patrol, more staffers than those agencies combined.
That's how massive they're building this IRS army into just to harass average middle-class taxpayers.
There was a Foxnews.com video, you know, going after the little guy.
Now, if open borders of Joe Biden hasn't turned you against this climate alarmist cult, if Joe Biden giving up and abandoning energy independence, if Joe Biden begging and sucking up to Russia, Iran, Venezuela, Saudi Arabia, OPEC nations for the lifeblood of our economy, when he said he was going to get off fossil fuels, he never said just domestically.
If we would have known it was just domestically, that would have been a whole different argument.
There's nothing to replace it, which is problem number one, this push towards electric vehicles, as we've been pointing out.
Well, that requires a massive amount of mining so you can build the batteries with cobalt and nickel and manganese and all these other minerals that have to be mined from the mother earth and mined by heavy equipment, usually powered by diesel fuel.
And then, of course, you pay $20,000 more than a gas-powered car on average.
Okay, they give you $7,500 credit.
You're still paying $13,500 more.
So it's not exactly working out the way they say, or $1,250 more, whatever it is.
And so Democrats, you know, they now own this.
And when you break down this 700-plus page monstrosity, it is the middle class in this country that can no longer afford it.
Remember, the average American now, if you have a working couple, they're paying, because of Biden inflation, $6,800 on average a year more than they were paying last year.
That's a lot of money.
And if you drive to and from work, you're paying close to $2,000 more just for gas this year than last year or since Biden's been president.
You know, Kevin Brady, Congressman, Texas, says, attention, Walmart shoppers, more IRS audits headed your way.
Steve Forbes, Stephen Moore, write the Inflation Reduction Act would double the IRS agents and audits, but the super rich aren't real targets.
I'm going to get into that in detail in a minute.
Republicans say Democrats will pay the price in the midterms.
Now, you know, this is where this election is now really coming into focus.
And we have discussed in detail regularly with Newt Gingrich.
We've had Kevin McCarthy on television talking about it.
It looks like the Republicans very wisely are going to put together their commitments to America.
And that will include law and order, refunding the police, keeping communities, towns, cities safe and secure.
That will include enforcing the laws at our border.
That will include going back to energy independence, you know, all the things that are destroying the economy.
And if they sign their name to it, it will mean something.
It worked when Newt Gingrich led the contract with America in 1994.
Republicans had been out of power in the House for nearly 40 years.
No, for 40 years.
It was the first time in 40 years Republicans gained a majority in the House of Representatives.
Imagine that happening.
Now, the Senate is going to be much more difficult.
However, if you bring up the issues of high gas prices, a 41-year high of inflation, taxes now on the middle class, open borders, disaster for foreign policy, the issues are so solid that anybody with a brain is going to want to vote against this radical socialist movement that has taken over the country.
It's a 755-page monstrosity that they passed.
It began Saturday at 7.30 p.m.
They finished it, I guess, somewhere around 3.30 yesterday afternoon.
And it does $430 billion in new spending.
That's supposedly offset by $740 billion in new revenues over a number of years from tax hikes, increased enforcement, meaning the 87,000 additional IRS agents.
And before the final vote, Senate Majority Leader Chucky Schumer called the bill one of the defining legislative feats of the 21st century.
So you get 87,000 additional IRS agents.
All right, that brings their total employment to 165,000.
Your State Department only has 23,000.
Your FBI only has 35,000.
U.S. Customs and Border Patrol only has 60,000.
And so just understand, it's not going to be the rich that are getting hammered by the IRS with these audits.
That's not it at all.
And if you want to know who's paying the increase in taxes, well, when you dig deep into the bill and you see, oh, $6.5 billion natural gas tax, okay, who ultimately is going to pay the natural gas tax?
You will if you use natural gas, because it's a regressive tax on American oil and gas development.
The tax will drive up the cost to heat and cool your homes.
This is insane.
The Congressional Budget Office, they had an estimate the national gas tax will increase taxes by $6.5 billion.
That's being paid for by the poor and the middle class in this country.
And that, of course, violates Joe Biden's pledge that he wouldn't raise taxes on anybody making less than $400,000 a year.
A letter to Congress from the American Gas Association warning that the methane tax would amount to a 17% increase on an average family's natural gas bill.
And Democrats have included a tax in the bill despite retail prices for energy now surpassing multi-year highs.
I mean, they just don't stop.
And if you think that's bad enough, now add another $12 billion, the crude oil tax.
Who's going to pay that?
Okay, so we're paying almost twice what we paid when Donald Trump left the presidency for gasoline because Joe Biden abandoned energy independence, giving into the climate religious cult, gas averaging well over $4 a gallon nationally.
All right, so we were paying $2,225, whatever it was when Donald Trump was president.
And Democrats have now included $0.16.4 cents per barrel of oil tax on crude oil.
And remember, we take in hundreds of millions of barrels of oil every year.
It may not sound like a lot, but it adds up quick.
And that tax, by the way, is going to be paid for by anybody that fills up their car.
That's going to be to heat and cool your home also.
Then not to be outdone, if they're going after natural gas and oil, they're also going after coal.
And they have a $1.2 billion coal tax.
That's going to increase household energy bills.
It's a big part of our electric grid.
The bill will more than double the current excise taxes on coal production.
And under the Democratic proposal, the tax rate on coal from subsurface mining would increase from 50 cents per ton to $1.10 per ton.
That's a lot of money.
And then we have the corporate income tax hike.
Who pays that?
You do.
Corporations don't pay taxes.
I tell you all the time.
Democrats imposing a 15% corporate alternative minimum tax on the financial statement income of American businesses, big businesses, and these American companies employ millions of Americans.
That cost of this tax increase will be borne by you, the American people, in the form of higher prices, fewer jobs, and lower wages.
Tax Foundation report last year, last December, found a 15% book tax would reduce GDP by 0.1% and kill 27,000 jobs.
The most recent estimate from the CBO found that provision increase taxes would be more than $313 billion.
The Joint Committee on Taxation, their analysis shows 49.7% of the tax would be borne by the manufacturing industry at a time when manufacturers are already struggling with supply chain disruptions.
Then they've got $124 billion stock tax.
That goes right after your IRA and right after your 401k and right after your pension plan.
In other words, when you choose to sell your shares of stock back to a company, Democrats will impose a new federal excise tax, which will reduce the value of your nest egg that you are hoping to use for retirement.
By the way, raising taxes, restricting stock buyouts, et cetera, et cetera.
Then they have a 95% federal excise tax on American pharmaceutical manufacturers.
So they'd impose a 95% excise tax on prescription drugs unless drug manufacturers accept government price controls.
Well, in reality, all drug manufacturers would accept the price controls, or they're just going to stop selling their drug in the United States and sell it elsewhere and probably start manufacturing it elsewhere also.
On top of that, a $52 billion income tax hike on mid-sized and family businesses.
In this economy, this is a prescription for unmitigated disaster.
And supersizing the IRS audits on top of that, and they're predicting that they would perform an additional $1.2 million annual audits under the Democratic plan to increase spending and hire 87,000 new agents.
And by the way, they claim that that enforcement would net $124 billion.
Where's that going to come from?
You think they're going after the super wealthy?
No, wealthy Americans, as Bloomberg pointed out, they will escape tax hikes in this bill.
They might face a beefed up IRS, but they can easily afford the accountants and the lawyers to fight them when most Americans can't.
And in spite of them lying and saying this is the Inflation Reduction Act, we have over 230 economists warning that this spending bill is only going to perpetuate inflation.
You know, how much at some point, when do these and Democrats think this thing is the best thing since sliced bread?
They got their tax increase just before midterm election when everything else in the economy has gone to Adam Schiff anyway.
What makes them think this is such a great bill?
Only if you're a radical socialist, I guess.
800-941-SHAWN, our number, you want to be a part of the program.
Just get ready, because here comes the IRS after everybody.
You know what's interesting, and there has been some outspoken criticism of this.
You know, here Bernie Sanders and Elizabeth Warren, all they do is talk about the rich and the wealthy and redistribution and socialism and, you know, rich, rich, rich, rich, rich.
Then they go along with the bill that specifically targets and absolutely decimates the poor, the middle class, and people on fixed incomes.
And they do it in the middle of a record-high inflation and record-high gas and energy prices.
I mean, you can't be any more hypocritical than those two.
They have basically declared in this bill a war on the middle class.
And you know what, Sean?
I'm going to jump in for one second because we don't talk about this a lot, but people always ask, what can they do?
And we do have an awesome sponsor on the show.
Their names are Goldco.
And if people want to know more about like gold and silver, like some things they can touch and feel, not crypto, not the stock market, you know, goldco.com.
We, it's forward slash Hannity.
You can go there.
You can check it out.
It's just one other thing, like other than like brick and mortar real estate that might make people feel a little safer with their retirement, other things, like simple things we can do.
Well, they're killing everybody's 401ks.
I just said that before the break.
They literally now are even taxing that.
They're taxing oil.
They're taxing gas.
They're taxing coal.
I mean, you go through the whole list.
They're hiring all these IRS agents.
It's going to kill people's.
You think it's expensive now.
It's even going to get more expensive to heat and cool your home and to fill your gas tank up.
They have an excise tax on American pharmaceutical companies, an income tax hike on mid-sized and small family businesses.
It's insane.
Sean gets the answers no one else does.
America deserves to know the truth about Congress.
All right, 25 to the top of the hour.
So the IRS, they'll more than double the number of agents that are out there available.
The IRS now ending up with more staffers than the State Department, the FBI, the Border Patrol combined.
Lawrence Summers literally said that, you know, by harassing Americans, he thinks that the estimates of the Congressional Budget Office of what, $200 billion that they think they will take in in new revenue because of all the new IRS agents that they're hiring, he says, I think the benefit could be more than 200.
I think it could be 500 billion, or even possibly if they do a great job, a trillion dollars more by going after, what, American taxpayers?
And now they're going to have all these people.
Now, you can call it whatever you want, but you have 230 economists warning that this version of Build Back Broke, what they call an Inflation Reduction Act, is nothing but an inflation increasing act.
230 economists agree with me, or a Destroy the American Economy Act, or an Embolden the IRS Act, or Tax the Poor Middle Class and People on Fixed Income to Death Act, because that's all that this bill is doing.
When you break it down, nobody will break this down in the media, but you have $6.5 billion in a natural gas tax.
Well, who's going to pay that?
You think the natural gas companies in this country are going to eat that?
No, they're going to pass it on to you, the consumer.
Who's going to pay for it?
It's going to cost more to heat and cool your homes.
I mean, it's a massive tax, $12 billion crude oil tax, which is literally going to raise, Democrats included, a $0.16.4 cents per barrel tax on crude oil.
That's another tax cut on the poor middle class and people already suffering under Biden inflation.
People already can't afford to fill their gas tanks.
Unbelievable.
Then you got a $1.2 billion coal tax, which is going to increase household energy bills.
You got a corporate income tax.
Corporations don't pay taxes.
I tell everybody, nobody listens, but they don't pay taxes.
And if you think it's been bad enough in terms of the economy and the hit you've taken and your 401k and your IRA and your pension plans, it's only going to get worse with the $124 billion stock tax.
Well, who's going to pay that?
Pretty much anybody that has a retirement account, because if you choose to sell shares of your stock back to a company, they're going to impose this new federal excise tax that will reduce the value of what is, for most people, their biggest nest egg outside of their home.
A 95% federal excise tax on the American pharmaceutical manufacturers.
What a pharmaceutical company is going to do.
They're going to move their companies abroad and stop selling their medicines in the U.S. Mark my words.
$52 billion income tax on mid-sized and family businesses.
Has anybody in Washington been listening to the farmers that call this program?
Have they been listening to anybody that works in the energy sector that's been calling this program?
Have they listened to any of the truck drivers calling this program?
Anyway, now we'll supersize the IRS.
You know what's interesting.
So tomorrow, there is, and this is going to get pretty interesting in my view.
The primary is taking place in Wisconsin.
We've not gotten too involved in a lot of the governor's races.
But I did notice that Donald Trump endorsed Tim Michaels in Wisconsin for governor.
And then I looked up his bio and I see, wow, this guy, number one, an MBA from University of Chicago, that he served, he was an Army Ranger, served 12 years in the U.S. Army.
He returned home.
He's in the construction business.
And he also worked on the Keystone XL pipeline.
Anyway, Tim Michaels, your primary is tomorrow.
How are you feeling about it?
Hey, Sean, thanks for having me on.
Yeah, well, greetings from the great state of Wisconsin.
We're at the Wisconsin State Fair right now.
I'm feeling wonderful about tomorrow.
Everywhere I go, and I'm just getting swamped here at the fair.
I can barely walk 10 feet before somebody comes up and says, Tim, thanks for running.
We need somebody like you.
I'm tired of the usual politicians.
You're the kind of guy that we need.
Kind of Trump-like, you know, an outsider, a businessman, non-politician.
And people are just sick and tired of politics as usual.
You getting any fried Twinkies or fried pickles or fried pork chops or fried Oreos or any of that?
I just had a cream puff.
Cream puff is the safety here at the Wisconsin State Fairy.
I have to say it was delicious.
What did you do for the Keystone XL pipeline?
I didn't eat it very well, so it kind of oozed the cream out of that puff.
But yeah, we were building the Keystone pipeline.
And on inauguration day, what's the first thing Joe Biden does?
He sends an executive order canceling the Keystone pipeline.
That night he's dancing at his inaugural ball, and we had to lay off 700 hardworking men and women.
And these are great family-supporting jobs with great health care and great benefits.
What was the average pay for those workers?
What was the average pay?
Well, our average laborer pay at Michael's Corporation is $97,000.
The pipeline guys probably make even a little bit more than that.
It's a great, great, great industry to get into for any young men or women that are listening right now.
You don't have to go to a four-year college and get out with hundreds of thousands of tuition debt and little job prospects if you've got a degree in Eastern European literature.
Go work in the trade.
Learn to become a welder, a machinist, tool and die maker.
You can support your family, no tuition debt, and have a very happy, successful life.
That's a pretty amazing story.
Now, I want to ask you one more question about this Keystone XL pipeline.
Because the Premier in Alberta said it would be finished by now.
When did you project it was going to be finished?
Because he says that if it were finished, we would be literally taking in 900,000 barrels of Canadian oil a day by now.
Do you agree with that assessment?
Well, I don't want to disagree with the Premier of Alberta.
My guess would be it would have been done sometime this fall.
Product would have started pumping through the pipeline.
You know, it's a lot of it's weather-dependent, how much you can get done over the winter seasons.
And we would have had two winter seasons by now.
But, you know, the unfortunate thing, Sean, was we were building pump stations.
We were building nine pump stations for the Keystone Pipeline.
One of them was 99% complete.
Most of them were about 90% complete.
And, you know, whatever deal was cut, I don't know with who, with the U.S. government or whatever, they just said, no, you have to stop now.
We were like, well, just let us finish.
We could be done with a couple of these in a week or two.
But I don't know.
It was a hard shutdown, and we're all paying for it at the pump today.
It's unbelievable.
Do people in Wisconsin now, I know you have a lot of farmers in Wisconsin, a lot of dairy farmers in Wisconsin.
How bad are they getting hit by this Biden economy?
Everybody's feeling it.
Everywhere I go, whether it's the dairy farmers or the cattle beef farmers or machine tool and die shops, or even we have a big tourism industry in Wisconsin as well.
A very beautiful state, of course.
We get a lot of people that come up out of the Chicago area.
Nobody can find workers anymore.
And this inflation, it's just making it bad because nobody wants to get off their couch and work.
That's one thing that I want to do is stop paying people to sit on the couch.
And if I could, real quick, Sean, my three big issues are election integrity.
Number one, when I took that oath of office, when I was sworn in as a second lieutenant in the infantry in the U.S. Army, I swear to uphold and defend the Constitution.
That wasn't a 12-year commitment.
That was a lifelong commitment.
I'm so frustrated everywhere I go.
People say, hey, Tim, was the election rigged?
Was the election fixed?
And people have so many questions, as do I.
But this is the United States of America.
This is not some third world country, not some banana republic.
I can't believe we're asking these questions.
But didn't the Supreme Court in Wisconsin recently rule that those drop boxes were illegal?
The drop boxes were illegal.
That's exactly right.
But we still have zucker bucks going on, out-of-state billionaires that came in, took over the election process in the city of Green Bay.
We still have ballot harvesting going on, and we still have this indefinitely confined status.
People that may have had COVID two years ago, but now they're getting a ballot mailed to them, unfortunately, or in some cases, multiple ballots mailed to them for the rest of their life.
We need to firm that up.
And my second big priority is crime reduction, and my third is education reform.
That's what people are ready for in Wisconsin.
We just needed to have new leadership here.
Our current governor, Tony Evers, he's weak.
He's a weak educat.
He's been weak on COVID.
He was weak when the city of Kenosha was burning.
People are ready for strong, proven executive leadership from being a commanding officer in the Army for 12 years to being a successful businessman.
We have over 8,000 employees.
We mainly build energy infrastructure.
That's the difference in this race.
That's the stark contrast to Tony Evers is somebody who's gotten stuff done, and that's what I'm going to do as governor.
Can't wait to serve the people of Wisconsin.
Well, we'll be watching closely tomorrow night.
We will be covering it during Hannity.
Tim Michaels, we wish you the best running for governor, the great state of Wisconsin.
Sir, thank you for your time.
Thank you, Sean.
Have a great day.
Bye.
800-941, Sean.
You see what this is like?
How many times have I said, think of all the benefits of not having to beg dictators and countries that hate us for the lifeblood of our economy?
It's great for it's national security.
101.
It's simple.
Go back to energy independence.
You know, okay, you're starting laborer working on the Keystone XL pipeline, $97,000 a year.
I'll take that.
That's a great starting salary.
What do I always say?
You know, career jobs in the energy sector.
That's a career job, unless, of course, politics gets in the way.
And then, of course, what would it do to the price of gas when you go to fill up a gas tank?
It would lower the price because we'd be increasing the world's supply.
Simple supply-demand crisscrossing dictating price.
What would it do for truckers and diesel?
It would lower the price of diesel, which means the cost of that load would go down.
And that means when you go in the store, every store you go to, it would cost less to buy the products.
And we hopefully would get back to where we were before Joe Biden was president.
But they're not doing any of these things.
They're making every single thing worse when you look at the list of taxes that now are being thrust upon the poor, middle class, and people on fixed incomes.
It's unreal.
By the way, the IRS, this was from CBS News in March, audits the poor at five times the rate of everyone else.
Did anyone ever pay attention to that?
This is CBS News saying that.
Anyway, low-income households with less than $25,000 in annual earnings.
The group is five times as likely to be audited by the IRS as everyone else, according to a news analysis.
And, you know, of IRS data by the Transactional Records Access Clearinghouse, it's called at Syracuse University.
13 tax returns out of every thousand filed by those earning less than $25,000 a year were audited.
Well, how much money do you think you're going to get out of somebody that makes $25,000 a year?
They're probably not making ends meet.
They're probably, you know, doing what so many people are doing right now, and that's, you know, living on their credit cards at this point.
And, you know, just buy your electric car.
We'll give you a little discount.
Oh, okay.
Well, you're going to get the other $12,000, $13,000 for that electric car.
I mean, this is just insanity on every level.
And speaking of the IRS, it's kind of like Lois Lerner on steroids.
The Wall Street Journal had a piece, the Biden IRS, is caught leaking confidential tax data on billionaire Biden critics, very specifically Jeff Bezos and Elon Musk.
Anyway, in July, they both called out Biden for blaming skyrocketing pump prices on gas station owners, saying that the president's comments were, quote, either straight-ahead misdirection or a deep misunderstanding of basic market dynamics.
Anyway, a few days later, Musk ripped Biden himself.
Now, the IRS has been caught.
According to the Wall Street Journal, top U.S. officials who oversee the IRS are expressing growing dismay with a year-old DC mystery, how confidential information about the nation's wealthiest and highest income taxpayers, including Bezos and Elon Musk, became public.
Extensive disclosures to news organizations, ProPublica, made public the tax figures of many of the most well-known, ultra-wealthy Americans showing their incomes, their payments, their tax strategies, and there's been no arrests nor any official hint on how the wall of secrecy around the tax records was broken.
Unbelievable.
Joe Biden is, you know, how do they claim any longer?
This is where I think demographically, if Americans are paying attention and they're looking at their towns and the cities and they see what defunding the police and no bail is doing, how do you vote Democratic?
If you're sending your kids to school and we pay a fortune per capita on education per student and you're getting horrible results for your kids and you're sending your kids to awful schools, how do you look at the Democratic Party and keep re-electing them in these deep blue states?
If you're looking at the border mess, how do you look at that mess and think that there's any level of competence there?
Or Afghanistan for that matter, or the war in Europe for that matter?
How do you look, how do you feel when you can barely afford to make ends meet now, if at all, you know, when you have to pay, you know, double what you were paying for a gallon of gasoline under Donald Trump?
How do you feel when you go grocery shopping and you're paying twice what you used to pay because of Biden inflation?
How do you look at this tax pill and say this somehow that this is a good thing?
Biden's electric vehicle tax credit is backfiring, by the way, on U.S. automakers.
By the way, it's not going to be the poor, the middle class, and people on fixed incomes that are going to get the $7,500 benefit to buy a stupid electric car.
It's just not.
That's simple economics 101 as well.
You know, this is the year if people really focus.
You know, the Democratic Party has this false narrative that they're looking out for the poor and the middle class and for every minority group in America when just the opposite is true.
They have failed their constituents at the highest level ever in my lifetime.
Maybe it's time to look at other politicians, other parties, other people, and see if they can't do a better job.
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Three times a week, we do our podcast, Verdict with Ted Cruz.
Nationwide, we have millions of listeners.
Every Monday, Wednesday, and Friday, we break down the news and bring you behind the scenes inside the White House, inside the Senate, inside the United States Supreme Court.
And we cover the stories that you're not getting anywhere else.
We arm you with the facts to be able to know and advocate for the truth with your friends and family.
So down with Verdict with Ted Cruz Now, wherever you get your podcasts, what I told people I was making a podcast about Benghazi, nine times out of ten, they called me a masochist, rolled their eyes, or just asked, why?
Benghazi, the truth became a web of lies.
From Prologue Projects and Pushkin Industries, this is Fiasco Benghazi.
What difference at this point does it make?
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