GLENN BECK PROGRAM
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GLENN: Also, is Stephen Moore on the phone with us from the Wall Street Journal? Stephen? Stephen?
MOORE: Glenn.
GLENN: Hey, how are you, man?
MOORE: Good. Hey, I've been reading your book. I'm having so much fun with it. I just read the global warming section last night. Hello?
GLENN: It's crazy, isn't it?
MOORE: Yeah, you know, and the funny thing is, you know, I just wanted to say that you keep talking about climate change but, you know, I'm from Chicago. We think it's climate improvement.
Stephen Moore |
GLENN: You ain't kidding. I've got to tell you, I'm here in Pittsburgh today and I can guarantee you that people would say this is really good. And by the way, don't talk --
MOORE: You don't hear people from Minnesota complaining about global warming. Al Franken, you know, is running for the Senate in Minnesota is talking all about global warming and the people are scratching their heads saying, well, maybe if it went from, you know, negative 30 to negative 20, it wouldn't be such a terrible thing.
GLENN: Not a bad thing actually. Won't go from negative 30 to negative 20. It will go from negative 30 to negative 29.7. So freak out, everybody.
By the way, let me just start here on the global warming thing before we get into something that I think is fascinating and just why the mainstream media isn't on that. We'll get to that here in just a second.
First let me just ask you. Did you see the baby tax that they have been proposing?
MOORE: I heard you talk about. What is this? I've got to get on my radar screen.
GLENN: A new tax for babies if you have babies because babies are bad for the environment. I'm not kidding you.
MOORE: What is it, a diaper tax or something?
GLENN: No, no, it is babies. If you have a baby, instead of getting a tax break, you're going to be charged more just for having a baby. Because they want to -- pardon me?
MOORE: Tax you in the delivery room?
GLENN: They want to tax you in the delivery room. It's like a delivery charge. You know what I mean? Sorry we're going to tack on a little extra tax. It's absolutely unbelievable.
MOORE: Makes a lot of sense because if there's no people left, then there would be no more global warming.
GLENN: Wouldn't it be great? Wouldn't it be great? If we could only get to the place --
MOORE: Imagine what a place it would be if there were no people.
GLENN: Oh, imagine if there were people, they would enjoy the planet without having any people on it.
All right. So you have a piece coming out in The Wall Street Journal that talks about the red states and the blue states.
MOORE: Yeah.
GLENN: And how people are moving away from blue states.
MOORE: Yeah, by what's going on, I mean, it's an amazing migration that's happening in America where the liberal states, the states of the Northeast, New York, New Jersey, Connecticut, the places you normally hang out in, Glenn and, you know, also California for the first time in 100 years is actually losing people. And where are all these Americans going? They are going to the southern states like Alabama and Tennessee and Virginia and they are going to the Western states like, you know, Arizona, Idaho, Utah and so the states that are losing population are the high tax and spend states like New York and California and the states that are gaining people are the states that keep their spending and taxes and regulations under control. I know it's a shocking finding.
GLENN: Yeah. Well, you know what? But here's something that I found in Philadelphia. People are actually moving and they are taking their voting practices with them, though.
MOORE: Well, that's --
GLENN: They are going out and they are voting for the same kind of stuff.
MOORE: Well, we found that to be true, for example, in New Hampshire. New Hampshire is the one little foothold of freedom in the Northeast. They call it the "Live free or die" state. What happens is because they have no income and sales tax in New Hampshire, it's a very attractive place to live. So all these liberals from Massachusetts are leaving you know "High Tax Chusetts" but then they are voting for high taxes in New Hampshire.
GLENN: It's crazy. You know what, I've got to tell you, Stephen, I think, I really truly, truly believe that people who are those uber liberals are just not the brightest group of people. I mean, I really don't understand their thinking, that they move away because the policies of their state have destroyed their state and yet they will go and they will rebuild it somewhere else.
MOORE: You know, that is actually what's happening and you see that now in some states like Colorado and Arizona which have been solid red states but because so many liberals are moving in to get away from the high taxes in California, they want to create the high taxes there. And that is a problem actually for Republicans in this presidential election because states like Virginia, Colorado, Arizona that have traditionally been very red Republican states, because of all the liberal migrants that are moving in, those are now competitive states and if Republicans lose those states, they can't win the White House.
GLENN: I have to tell you I have been hammered recently for being on the air -- I don't remember when it was. It was about a month or so ago and I said the tax cuts actually raise more federal income.
MOORE: Oh, that must have caused quite a firestorm.
GLENN: Oh, my gosh. And I read all of these articles and everything else about me saying this like I'm an idiot. "Oh, that's the most untrue thing I've ever heard" and I'm like, it's proof. I mean, there is proof of it.
MOORE: Well, let me give you the statistic. You know, since we cut, since George W. Bush did the 2003 tax cut -- remember, we cut the capital gains and the dividend and the income tax rate -- the federal government in the subsequent three years has raised $740 billion -- that's billion with a B -- dollars, the biggest increase in tax revenues in American history. So we've gotten more tax revenues, Glenn, since George Bush cut tax rates than we did when Bill Clinton raised tax rates.
GLENN: How is it that this -- I mean, make the argument. How do we make the -- I know that, Stephen, but how do we possibly make the argument any clearer than that? The statistics are there. The proof is there. As an economist how does blood not just shoot out of your eyes with all of these pinheads that just don't get it over and over and over again?
MOORE: Well, and the thing that's so frustrating is we've had four or five, what I call supply side tax cutting policies over the last 50 years. I mean, you know how you really annoy a liberal on this, Glenn? Remind them that the first President after World War II to cut tax rates and get more tax revenues was John F. Kennedy. Kennedy did this in the early 1960s. He cut the top tax rate from 90 to 70% and we got more revenues. And John F. Kennedy said it is a paradoxical truth that when you cut tax rates, you get more work, more savings, more entrepreneurship and more tax revenues. So I have to dig that quote up from Kennedy for you, Glenn, because it's a great -- it drives liberals crazy.
GLENN: We're talking to Stephen Moore. He was the head of Club for Growth for a while and now he's the lead economic editorial page writer or -- I don't know, but a good friend of the program and very, very smart man and also the guy who has been called the head of the Club for Greed, not the Club for Growth.
MOORE: That's right.
GLENN: How dangerous do you think Huckabee is to that?
MOORE: Well, you know, first of all, I think that was a very stupid thing that Huckabee said when he called the Club For Growth the Club for Greed. You know, Huckabee did not have a good record as governor. When I was at the Cato Institute, we used to grade the governors and we gave Huckabee a D for his fiscal stewardship. He raised taxes across the board. So his record as governor was not very good. The one thing I do like about Mike Huckabee, and if you have him on your show, which I hope you get him, I hope you'll ask him about the fair tax idea because I think that's pretty wonderful idea of ripping the income tax system and the IRS out by its roots, sticking a stake through the heart of it and going with a national sales tax. I think there's a lot to say for that for America's growth and prosperity.
GLENN: Do you really think, though, that we could actually get a sales tax that wouldn't have any special interests? Because what will happen is they will --
MOORE: You know, you're even more cynical than I am, I guess, Glenn.
GLENN: Oh, I am. I don't believe a thing these clowns say in Washington because what will happen is they will get a sales tax and say, yeah, but for special interest reasons, this isn't going to be taxed and this is going to have more of a action that. I mean, you'll create the same thing.
MOORE: Well, here's my point, though. All over the world every country is cutting tax rates. I mean, you've got Poland that's now talking about a 15% flat tax, Romania just said they are going to do a 10% flat tax. There are now 26 countries in the world, Glenn, 26 countries that have flat taxes. It's happening everywhere. These countries are cutting taxes to become more competitive and there's only one place on this planet where tax rates are rising and that's here in Washington, D.C. The politicians here just don't get it. We do need a radical reform of our tax system if we want to retain our competitiveness and I think the idea of a national sales tax, if we could get it put in place, with the abolition of the income tax, I think it would be a very good policy.
GLENN: Are you concerned at all about Iran coming out this weekend and saying we're no longer going to deal oil in dollars? They're getting off the dollar standard and they're encouraging everybody else to? Do you see this as a problem for anybody?
MOORE: It is a big concern. You know, the dollar has fallen by about 40 to 50% relative to other currencies over the last couple of years and my theory for why this is happening, Glenn, because I live -- you know, I'm ashamed to say I live in Washington, D.C. All of the policies that are coming out of this congress, if you listen to them day after day, it's raise capital gains tax, raise payroll tax, raise this tax, raise that tax. Investors all over the world hear that message and they say you don't want to invest in America now; they are going to be raising all their taxes and so that means that investors are getting out of dollars and they are getting into Euros or getting into, you know, yen and other currencies and it's a bad sign that America's moving in the wrong direction when people want to sell our currency.
GLENN: All right. Stephen, so great to talk to you and we'll talk to you again soon. When does the article come out in The Wall Street Journal?
MOORE: It's in today's paper.
GLENN: Oh, I'm sorry. I haven't picked it up yet. Thanks a lot, man.
Let's see. Let me stop for a second. Then I want to take your phone calls and I want to talk about a couple of other things that are on the plate. What was that, Stu? Oh, you know what? Just in case you're confused on, you know, who to vote for and you haven't made up your mind yet, we thought we would help you out with, you know, taxes and monetary stuff. Let's take a quick break. Here it is.
VOICE: Today's world is full of surprises. People are losing their homes left and right to natural disasters like global warming and wildfires. Families are being devastated because they didn't properly calculate how much of a mortgage payment they could afford. Some people don't even have enough money left over at the end of the month to afford digital cable television or high-speed Internet. Thankfully Democrats are the party in power and only they have the ideas to help Americans in need, ideas like $5,000 for every baby born, increasing taxes by $4 trillion, universal healthcare, college for everyone, subsidizing anyone who has had anything sad happen to them, and pretty much anything else that involves making the rich poor and keeping the poor poor. Those are the principles and values that the Democratic party in the United States government believes in, and we support them 100% which, by the way, is also your brand-new tax rate. Enjoy. Paid for by the people for a socialistandorcommunistAmerica.net.
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