Vince Colonese
๐ค SpeakerAppearances Over Time
Podcast Appearances
I mean, Doge is... When has that ever happened before?
I mean, Doge is... When has that ever happened before?
And that's where we are now. So the private sector is adding jobs. There's more full-time employment, more income. It's outpacing inflation. The federal government is laying people off. I'm sorry, tell me which part of this I'm supposed to hate. Exactly.
And that's where we are now. So the private sector is adding jobs. There's more full-time employment, more income. It's outpacing inflation. The federal government is laying people off. I'm sorry, tell me which part of this I'm supposed to hate. Exactly.
And that's where we are now. So the private sector is adding jobs. There's more full-time employment, more income. It's outpacing inflation. The federal government is laying people off. I'm sorry, tell me which part of this I'm supposed to hate. Exactly.
So let me... Lastly, the big, beautiful bill. I just want to ask you not about the whole thing. There's a million different components to it, but the tax cut component of it, making the tax cuts permanent, which is what they're trying to do, which President Trump wants to do, and giving some new tax cuts on things like on tips, overtime and Social Security.
So let me... Lastly, the big, beautiful bill. I just want to ask you not about the whole thing. There's a million different components to it, but the tax cut component of it, making the tax cuts permanent, which is what they're trying to do, which President Trump wants to do, and giving some new tax cuts on things like on tips, overtime and Social Security.
So let me... Lastly, the big, beautiful bill. I just want to ask you not about the whole thing. There's a million different components to it, but the tax cut component of it, making the tax cuts permanent, which is what they're trying to do, which President Trump wants to do, and giving some new tax cuts on things like on tips, overtime and Social Security.
What will the effect of that be on the economy? And will we also see government revenues go up as a result of these tax cuts? What do you think?
What will the effect of that be on the economy? And will we also see government revenues go up as a result of these tax cuts? What do you think?
What will the effect of that be on the economy? And will we also see government revenues go up as a result of these tax cuts? What do you think?
Explain it. Explain it.
Explain it. Explain it.
Explain it. Explain it.
Right, because you can't take the full deduction in just one year's time right now. You have to spread it out.
Right, because you can't take the full deduction in just one year's time right now. You have to spread it out.
Right, because you can't take the full deduction in just one year's time right now. You have to spread it out.
Well, this is one of the reasons โ so, for instance, there's, I think, a fundamental misunderstanding about how this works because there's been reports through the years, oh, such and such a company didn't pay any taxes this year. Well, the reasoning for that is because they spent so much in capital investment that they were able to deduct off of their taxes.
Well, this is one of the reasons โ so, for instance, there's, I think, a fundamental misunderstanding about how this works because there's been reports through the years, oh, such and such a company didn't pay any taxes this year. Well, the reasoning for that is because they spent so much in capital investment that they were able to deduct off of their taxes.
Well, this is one of the reasons โ so, for instance, there's, I think, a fundamental misunderstanding about how this works because there's been reports through the years, oh, such and such a company didn't pay any taxes this year. Well, the reasoning for that is because they spent so much in capital investment that they were able to deduct off of their taxes.