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Vince Colonese

๐Ÿ‘ค Speaker
20559 total appearances

Appearances Over Time

Podcast Appearances

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

Social security is protected from having its taxes taken down. So what they were able to do through this simple majority reconciliation process is they imposed a $4,000 deduction. That's on top of your standard deduction. So if you're receiving social security benefits, you'll be able to further deduct $4,000. Here's the end result of that. Congressman Jason Smith told me this yesterday.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

Social security is protected from having its taxes taken down. So what they were able to do through this simple majority reconciliation process is they imposed a $4,000 deduction. That's on top of your standard deduction. So if you're receiving social security benefits, you'll be able to further deduct $4,000. Here's the end result of that. Congressman Jason Smith told me this yesterday.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

If you are receiving $75,000 or less in income in the United States and you're receiving social security, your taxes get zeroed out now. Now your income tax is zero. So 75K or less. Above that, you still get that deduction, but a $4,000 deduction on social security. So they did what they could is the explanation that they're giving you on this.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

If you are receiving $75,000 or less in income in the United States and you're receiving social security, your taxes get zeroed out now. Now your income tax is zero. So 75K or less. Above that, you still get that deduction, but a $4,000 deduction on social security. So they did what they could is the explanation that they're giving you on this.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

If you are receiving $75,000 or less in income in the United States and you're receiving social security, your taxes get zeroed out now. Now your income tax is zero. So 75K or less. Above that, you still get that deduction, but a $4,000 deduction on social security. So they did what they could is the explanation that they're giving you on this.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

But again, no tax on tips, no tax on overtime, $4,000 deduction on social security. Also included in this thing, border funding, ICE funding, get the illegals out of the country. Take care of ICE, take care of these ICE agents who are now under constant threat for doing their jobs. That is in this package. Defense spending is here. Golden Dome spending is here.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

But again, no tax on tips, no tax on overtime, $4,000 deduction on social security. Also included in this thing, border funding, ICE funding, get the illegals out of the country. Take care of ICE, take care of these ICE agents who are now under constant threat for doing their jobs. That is in this package. Defense spending is here. Golden Dome spending is here.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

But again, no tax on tips, no tax on overtime, $4,000 deduction on social security. Also included in this thing, border funding, ICE funding, get the illegals out of the country. Take care of ICE, take care of these ICE agents who are now under constant threat for doing their jobs. That is in this package. Defense spending is here. Golden Dome spending is here.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

The president talking about that earlier this week, a missile defense system for the United States to shield the country. That spending is inside of this package. There's also spending cuts in this $1.5 trillion, just over $1.5 trillion now over 10 years. Now that's, you know, trillion people hear that and they think, well, that's a lot of money. It's not a lot of money.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

The president talking about that earlier this week, a missile defense system for the United States to shield the country. That spending is inside of this package. There's also spending cuts in this $1.5 trillion, just over $1.5 trillion now over 10 years. Now that's, you know, trillion people hear that and they think, well, that's a lot of money. It's not a lot of money.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

The president talking about that earlier this week, a missile defense system for the United States to shield the country. That spending is inside of this package. There's also spending cuts in this $1.5 trillion, just over $1.5 trillion now over 10 years. Now that's, you know, trillion people hear that and they think, well, that's a lot of money. It's not a lot of money.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

It's 150 billion bucks a year. That's not a lot of money. So let's set that aside for a moment. I'll get back to spending cuts because I think something very important is going to happen on this in a moment. I hope anyway, I'll explain. Also, they have new work requirements in this for able-bodied Medicaid recipients.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

It's 150 billion bucks a year. That's not a lot of money. So let's set that aside for a moment. I'll get back to spending cuts because I think something very important is going to happen on this in a moment. I hope anyway, I'll explain. Also, they have new work requirements in this for able-bodied Medicaid recipients.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

It's 150 billion bucks a year. That's not a lot of money. So let's set that aside for a moment. I'll get back to spending cuts because I think something very important is going to happen on this in a moment. I hope anyway, I'll explain. Also, they have new work requirements in this for able-bodied Medicaid recipients.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

That is people who receive Medicaid are poor people receiving healthcare assistance from the federal government. They're just saying that you gotta make sure these people are working. If you're able-bodied, if you're healthy, you should be trying to be gainfully employed so that you can get off of Medicaid. So you don't have to be on Medicaid.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

That is people who receive Medicaid are poor people receiving healthcare assistance from the federal government. They're just saying that you gotta make sure these people are working. If you're able-bodied, if you're healthy, you should be trying to be gainfully employed so that you can get off of Medicaid. So you don't have to be on Medicaid.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

That is people who receive Medicaid are poor people receiving healthcare assistance from the federal government. They're just saying that you gotta make sure these people are working. If you're able-bodied, if you're healthy, you should be trying to be gainfully employed so that you can get off of Medicaid. So you don't have to be on Medicaid.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

So this is an inducement to make sure that we spend money responsibly to take care of people. And then we get them out of that situation where they have to perpetually be on Medicaid. That's in there. Also, the rolling back green spending, a lot of it from that so-called Inflation Reduction Act that Joe Biden had put out. Remember that? They lied about it.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

So this is an inducement to make sure that we spend money responsibly to take care of people. And then we get them out of that situation where they have to perpetually be on Medicaid. That's in there. Also, the rolling back green spending, a lot of it from that so-called Inflation Reduction Act that Joe Biden had put out. Remember that? They lied about it.

The Dan Bongino Show
Another World Leader Schooled In The Oval Office | Episode 49

So this is an inducement to make sure that we spend money responsibly to take care of people. And then we get them out of that situation where they have to perpetually be on Medicaid. That's in there. Also, the rolling back green spending, a lot of it from that so-called Inflation Reduction Act that Joe Biden had put out. Remember that? They lied about it.