Joe LaVornier
π€ SpeakerAppearances Over Time
Podcast Appearances
Why are we taxing that extra marginal dollar that people want to work for overtime?
So when you add this all up, there are many private sector estimates that say we could have upwards of $200 billion in refunds.
Because the people who are going to benefit from this clearly have β they didn't know the guidelines.
They weren't sure of the rules.
But now that it's in place, they're going to get a big refund when they file their taxes next year.
Then they'll change their withholding.
But we're talking potentially seven-tenths of GDP just from this one policy alone.
And again, Steve, as you know, it's money that goes directly into these hardworking Americans' pocketbooks.
Yes, Steve, we're confident.
It's starting to happen.
On the CapEx side, it's important because it's not everybody thinks it's just AI.
It's not.
Transit equipment, business equipment, industrial equipment, this transcends this incipient CapEx boom, transcends the AI story.
So that's already occurred.
The factory building will occur.
And coming back to the affordability issue, the fact that we've secured our borders and removed the legal immigration
Illegal immigrants will help affordability in two profound ways, Steve.
Number one, market wages will not be substandard.
They will not be below market because there's artificial depressant on the wage rate.
So wages will also rise because of that.