Vince Colonese
๐ค SpeakerAppearances Over Time
Podcast Appearances
They're going to do it, I assume, I haven't looked at the specific states, but I assume that means states like Texas, states that sent their police forces to the border to try and stop the invasion, the costs that they've incurred. That is money that the federal government is now sending back to them for having tried to stop that invasion under Biden. There's a Forex increase to the SALT cap.
You and I know what the SALT cap is. If you don't, it's the state and local tax deduction. In other words, basically what happens is if you live in a super high tax state, these are blue states, Democrat run states, previously you've been able to write off all of your state and local taxes as a deduction on your federal taxes. Well, when President Trump in 2017 signed a tax law into law,
You and I know what the SALT cap is. If you don't, it's the state and local tax deduction. In other words, basically what happens is if you live in a super high tax state, these are blue states, Democrat run states, previously you've been able to write off all of your state and local taxes as a deduction on your federal taxes. Well, when President Trump in 2017 signed a tax law into law,
You and I know what the SALT cap is. If you don't, it's the state and local tax deduction. In other words, basically what happens is if you live in a super high tax state, these are blue states, Democrat run states, previously you've been able to write off all of your state and local taxes as a deduction on your federal taxes. Well, when President Trump in 2017 signed a tax law into law,
It imposed a $10,000 cap. It said, no, wait a second. Hold on a second. The whole country is not going to subsidize these out of control spending Democrat states anymore. That's not going to happen. You want to pay less in taxes in those states? Lower your taxes, stupid blue states. What has happened here is blue state Republicans pushed to get that cap elevated.
It imposed a $10,000 cap. It said, no, wait a second. Hold on a second. The whole country is not going to subsidize these out of control spending Democrat states anymore. That's not going to happen. You want to pay less in taxes in those states? Lower your taxes, stupid blue states. What has happened here is blue state Republicans pushed to get that cap elevated.
It imposed a $10,000 cap. It said, no, wait a second. Hold on a second. The whole country is not going to subsidize these out of control spending Democrat states anymore. That's not going to happen. You want to pay less in taxes in those states? Lower your taxes, stupid blue states. What has happened here is blue state Republicans pushed to get that cap elevated.
So now it goes from 10,000 to $40,000. So if you live in an out of control spending blue state, you can now write off up to $40,000 in state and local taxes. but that's only for people who make less than $500,000.
So now it goes from 10,000 to $40,000. So if you live in an out of control spending blue state, you can now write off up to $40,000 in state and local taxes. but that's only for people who make less than $500,000.
So now it goes from 10,000 to $40,000. So if you live in an out of control spending blue state, you can now write off up to $40,000 in state and local taxes. but that's only for people who make less than $500,000.
So they're trying to restrain it just to, you know, because look, what was going on was that the blue states were spending out of control and then the super wealthy people who lived there were receiving massive benefits from that. So no, no more from that. No more subsidies to those blue states like that. President Trump tried to stop that. They pushed this thing up to $40,000.
So they're trying to restrain it just to, you know, because look, what was going on was that the blue states were spending out of control and then the super wealthy people who lived there were receiving massive benefits from that. So no, no more from that. No more subsidies to those blue states like that. President Trump tried to stop that. They pushed this thing up to $40,000.
So they're trying to restrain it just to, you know, because look, what was going on was that the blue states were spending out of control and then the super wealthy people who lived there were receiving massive benefits from that. So no, no more from that. No more subsidies to those blue states like that. President Trump tried to stop that. They pushed this thing up to $40,000.
So that is, those are some of the top lines on this. The president is excited about all of this. He has indicated on Twitter this morning, take a look here. Twitter this morning, the one big, beautiful bill has passed the House of Representatives. This is arguably the most significant piece of legislation that will ever be signed in the history of our country.
So that is, those are some of the top lines on this. The president is excited about all of this. He has indicated on Twitter this morning, take a look here. Twitter this morning, the one big, beautiful bill has passed the House of Representatives. This is arguably the most significant piece of legislation that will ever be signed in the history of our country.
So that is, those are some of the top lines on this. The president is excited about all of this. He has indicated on Twitter this morning, take a look here. Twitter this morning, the one big, beautiful bill has passed the House of Representatives. This is arguably the most significant piece of legislation that will ever be signed in the history of our country.
He says the bill includes massive tax cuts, no tax on tips, no tax on overtime, tax deductions when you purchase an American-made vehicle. That's important. Yeah, they want to include that you'll be able to write off your loan for purchasing American-made vehicles.
He says the bill includes massive tax cuts, no tax on tips, no tax on overtime, tax deductions when you purchase an American-made vehicle. That's important. Yeah, they want to include that you'll be able to write off your loan for purchasing American-made vehicles.
He says the bill includes massive tax cuts, no tax on tips, no tax on overtime, tax deductions when you purchase an American-made vehicle. That's important. Yeah, they want to include that you'll be able to write off your loan for purchasing American-made vehicles.
along with strong border security measures, pay raises for immigration and customs enforcement and border patrol agents, funding for the Golden Dome. And here's one I didn't mention, Trump savings accounts for newborn babies.