E.J. Antoni

The one thing that they did not make permanent, and I really hope the Senate fixes this, is the expensing provision. That's probably the biggest pro-growth part.

The one thing that they did not make permanent, and I really hope the Senate fixes this, is the expensing provision. That's probably the biggest pro-growth part.

So this allows a business, let's say they buy a big, beautiful studio like this, right? You want that business, since they spent the money right now to buy the studio, you want them to be able to deduct that today. Instead, what this does, this bill does, is it just basically gives a couple of years extension on that. Mm-hmm.

So this allows a business, let's say they buy a big, beautiful studio like this, right? You want that business, since they spent the money right now to buy the studio, you want them to be able to deduct that today. Instead, what this does, this bill does, is it just basically gives a couple of years extension on that. Mm-hmm.

So this allows a business, let's say they buy a big, beautiful studio like this, right? You want that business, since they spent the money right now to buy the studio, you want them to be able to deduct that today. Instead, what this does, this bill does, is it just basically gives a couple of years extension on that. Mm-hmm.

And then a company like this is going to have to essentially deduct not just this year, but then possibly for the next 39 years, the full cost of the studio.

And then a company like this is going to have to essentially deduct not just this year, but then possibly for the next 39 years, the full cost of the studio.

And then a company like this is going to have to essentially deduct not just this year, but then possibly for the next 39 years, the full cost of the studio.

Right. Sure enough, when Biden let this expire, this provision, we immediately saw an effect in investment. It completely chilled investment. The not only did the trend dip down, but we had several quarters where it actually went negative. We were losing investment. Right. Not gaining it. I mean, it was it has it has a terrible, terrible.

Right. Sure enough, when Biden let this expire, this provision, we immediately saw an effect in investment. It completely chilled investment. The not only did the trend dip down, but we had several quarters where it actually went negative. We were losing investment. Right. Not gaining it. I mean, it was it has it has a terrible, terrible.

Right. Sure enough, when Biden let this expire, this provision, we immediately saw an effect in investment. It completely chilled investment. The not only did the trend dip down, but we had several quarters where it actually went negative. We were losing investment. Right. Not gaining it. I mean, it was it has it has a terrible, terrible.

Exactly. And what's really terrible about that is that investment is the only driver of long run economic growth. Yes. Under Biden, the short term driver of economic growth was just government spending. Yeah. Right.

Exactly. And what's really terrible about that is that investment is the only driver of long run economic growth. Yes. Under Biden, the short term driver of economic growth was just government spending. Yeah. Right.

Exactly. And what's really terrible about that is that investment is the only driver of long run economic growth. Yes. Under Biden, the short term driver of economic growth was just government spending. Yeah. Right.

Exactly. Exactly. This is another case of double taxation. Yeah. Right. And so what I look, as you said, it's a huge bill. There's some good stuff in it. There's some bad stuff. And I think there's some ugly stuff in it, too. And I'm really hoping that the Senate just makes it better, make it a bigger, more beautiful bill than it already is. And I think they can do that.

Exactly. Exactly. This is another case of double taxation. Yeah. Right. And so what I look, as you said, it's a huge bill. There's some good stuff in it. There's some bad stuff. And I think there's some ugly stuff in it, too. And I'm really hoping that the Senate just makes it better, make it a bigger, more beautiful bill than it already is. And I think they can do that.

Exactly. Exactly. This is another case of double taxation. Yeah. Right. And so what I look, as you said, it's a huge bill. There's some good stuff in it. There's some bad stuff. And I think there's some ugly stuff in it, too. And I'm really hoping that the Senate just makes it better, make it a bigger, more beautiful bill than it already is. And I think they can do that.

I think all our collective IQ just went down having to listen to that drivel. My goodness. Yeah, it was very simple. When the government prints trillions of dollars out of thin air, they become less scarce. And scarcity is fundamentally what gives things its value, right?

I think all our collective IQ just went down having to listen to that drivel. My goodness. Yeah, it was very simple. When the government prints trillions of dollars out of thin air, they become less scarce. And scarcity is fundamentally what gives things its value, right?

I think all our collective IQ just went down having to listen to that drivel. My goodness. Yeah, it was very simple. When the government prints trillions of dollars out of thin air, they become less scarce. And scarcity is fundamentally what gives things its value, right?