Conservative Whoopi?

GLENN BECK PROGRAM


BEGIN TRANSCRIPT

GLENN: All right. Stephen, how are you, sir?

MOORE: Hi, Glenn.

GLENN: First of all, let's start with this fact check. By the way, if you don't know who Stephen Moore is, he started Club For Growth. He's now the lead economic editorialist for the Wall Street Journal. Hey, you are reviewing my book, aren't you?

MOORE: I love the book. And by the way, did you see when I was on earlier this week, we caused quite a stir with the liberal bloggers.

GLENN: Oh, I didn't see it. What happened?

MOORE: Oh, they have been saying, you know, that, you know, when we were talking about taxes, raise tax cuts, raising more revenues, it caused a huge stir among all the liberal bloggers saying, lie about the data and --

GLENN: How is that possible? I want to try to be fair here.

MOORE: Yeah.

GLENN: Try to be fair and I know that's very tough for us, Stephen, but try to be fair. How do you make a case it's not true?

MOORE: Well, look. Sometimes when you cut tax rates, you know, you are not going to get as much revenue as you would have gotten but there's no question when George Bush cut the capital gains tax in 2003 and when we cut the income tax rate, I mean, we got a huge throe of revenues. In fact, we had $700 billion in new tax revenues over the last three years. And my other favorite example of this is in the 1980s when we cut the top income tax rate from 70% all the way down to 28%, over that decade -- and you can look this up in President Bill Clinton's own budget documents. The federal revenues doubled. They doubled from $500 billion to $1 trillion. Now, Glenn, that's not a revenue loss.

GLENN: But how do you -- again, how do they make the case? What stat are they trying to quote?

MOORE: Here's what they say. They say if we hadn't cut taxes, we would have had even more revenues. But you can't disprove that. I mean, you can't ever say what might have happened if we hadn't done it. All we could say is every time we cut taxes in the Sixties, in the Eighties and now in the 2000s, every time we have done it, we have gotten more revenues, not less.

GLENN: So what they're trying to do is disprove a fact by using a theory?

MOORE: Exactly.

GLENN: Yeah.



Stephen Moore

MOORE: And it's a problem because in Washington what happens is we have these official scores. The people actually tell us how much a tax cut is going to cost and so any time any conservative says, well, let's cut the estate tax or let's cut the capital gains tax, the scores always say, oh, this is going to cause a huge amount of lost revenue, we can't afford to do it when all they have to do is look at history. Glenn, all they have to do is look at the history books and see what happens every time we do it. We cut the taxes, we get more revenues.

GLENN: Are you amazed, Stephen, at the people? We were just playing a clip from The View. I know you probably spend every day watching The View.

MOORE: Oh, Oprah -- I mean not Oprah. You mean Whoopi? I love this story. It's too good to be true. Remember when I was on your show a few weeks ago when Warren Buffett came to town and said we have to increase the estate tax. The liberal media was all over it saying what a statesman he is for wanting higher estate taxes. Now, Whoopi Goldberg gets it right. She says, look, when I die, I shouldn't have to pay more taxes. I already paid my taxes when I was alive and, boy, have the liberals come down against her.

GLENN: I love these people who are always for bigger government, always for higher taxes but when it actually hits them, they are like, whoa, whoa, whoa, that doesn't -- I've already paid my taxes; that doesn't seem fair. I don't think the death tax seems fair to anyone.

MOORE: That was what was so great about -- people should actually read the dialogue because when Whoopi Goldberg said on the show, I don't think anybody should have to pay tax when they die, all the other liberals on that -- I've got to tell you, Glenn, I'm not a regular viewer of that TV show, The View but all the other liberals on the show, they are like hyperventilating when she said she didn't want to have the estate tax.

GLENN: I'm so surprised. Here he is the chief guy for the editorials of the financial section of the Wall Street Journal. You are telling me you don't watch Joy Behar religiously?

MOORE: I don't care too much what Rosie O'Donnell has to say.

GLENN: Stephen, she said -- and I think she's wrong. She said that everybody is saying that the death tax is a double tax and that's not true. She says it is true. I say she's wrong. It's a triple tax.

MOORE: Good point. Yeah, because you pay your taxes when you earn it. Then you have to pay a capital gains or a dividend tax if anything comes in to you. And then if you do the right thing and you save up your money so you can leave a little bit of your business and your assets to your kids, which is really what the American dream is all about, the Government comes in with a -- right now it's a 45% estate tax. And don't forget, Glenn. I mean, this is something important for your listeners. In 2010 the estate tax goes down to zero but in 2011 it goes all the way back up to 55%.

GLENN: Okay, hang on just a second. I missed one because it's not triple. It's quadruple tax.

MOORE: Which one did we miss?

GLENN: Didn't we miss if you give it to your children, don't they have to pay tax on it as well?

MOORE: Well, there's not an inheritance tax. In other words, what happens is the money is taxed out of the estate. So if your parents or grandparents leave, you know, a --

GLENN: I don't have to pay any kind of capital gains, nothing? That's free and clear for the recipient?

MOORE: Exactly. And so you basically get the assets after the estate tax is paid. But don't forget, Glenn, in a lot of cases that's over half of the -- the Government, the IRS gets more than half of your estate.

GLENN: And I love the fact that last time we were on, Stephen, you know, you told a story that, of course, Warren Buffett is for this. This is the way he cannibalizes family businesses. He goes in and he buys, like, Dairy Queen because they couldn't afford the estate tax. Stephen, we'll look for your articles in The Wall Street Journal. God bless you. We'll talk to you again soon.

END TRANSCRIPT

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Protests following the fatal police shooting of Walter Wallace Jr quickly devolved into violence, rioting, and looting in Philadelphia, and BlazeTV's Elijah Schaffer was there to document what the mainstream media won't. But while filming the carnage inside a Five Below on Tuesday, Elijah was surrounded and attacked by looters.

Elijah joined Glenn Beck on the radio program Wednesday to detail his experience and to explain why mainstream media efforts to downplay the violence just show that independent media has never been more important.

"Unfortunately, [the attack] escalated from one person to about a dozen very quickly," Elijah explained. "I'm actually really happy to be alive. Because in that same shopping center, right there, there was a 15-year-old girl who was shot, according to reports. And I heard multiple gunshots throughout the night. Another individual is reported to have heard a gunshot as well, so we try to confirm. I watched people get pummeled beyond belief."

Glenn asked Elijah to respond to mainstream media claims that conservatives are exaggerating the looting and violence in Philadelphia.

"It's so funny to hear people that aren't there try to counter what we're reporting," Elijah replied.

Watch the video below to catch more of the conversation:

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In the final days before the 2020 election, President Donald Trump is gaining among black voters, particularly men, because his record of accomplishments "speaks for itself" and the "façade" that President Trump is a racist "just doesn't ring true," argued sports columnist Jason Whitlock on "The Glenn Beck Radio Program" Tuesday.

Jason, who recently interviewed the president at the White House for OutKick.com, shared his thoughts on why he believes many black Americans — notably celebrities such as Kanye West, Ice Cube, and 50 Cent — are breaking from the "façade" that President Trump is a "flaming racist."

"I really believe the facts are starting to speak for themselves, and that Donald Trump's record of accomplishments, particularly as it relates to African Americans, speaks for itself," Jason told Glenn. "He actually has a record to stand on, unlike even Barack Obama. When [Obama] was president, I don't think he had much of a record to stand on, in terms of, 'Hey, what did he actually deliver for African Americans?' President Trump has things he can stand on and, you know, beyond that I think black people understand when he starts talking about black unemployment rate. And America's unemployment rate. And then, when you add in for black men, the façade we've been putting on [President Trump] … you know, this whole thing that he's some flaming racist, it just doesn't ring true."

Jason suggested that Trump's fearlessness, unabashed masculinity, and record of keeping his promises resonates with men in the black community. He also weighed in on how media and social media's bias plays a huge role in convincing people to hate President Trump while ignoring Antifa and others on the Left.

"I keep explaining to people, Twitter, Instagram, Facebook, they're some of the most secular places on earth. And we've reduced everyone to a tweet, that we disagree with," he added.

Watch the video below to catch more of the conversation:

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Megyn Kelly is not happy about the "disgusting" media coverage of President Donald Trump, specifically pointing to Lesley Stahl's "60 Minutes" interview on CBS Sunday.

On the radio program, Megyn told Glenn Beck the media has become so blinded by the "Trump Derangement Syndrome" that they've lost their own credibility — and now they can't get it back.

"It's disgusting. It's stomach-turning," Megyn said of the media's coverage of the president. "But it's just a continuation of what we've seen over the past couple of years. Their 'Trump Derangement Syndrome' has blinded them to what they're doing to their own credibility. They can't get it back. It's too late. They've already sacrificed it. And now no one is listening to them other than the hard partisans for whom they craft their news."

Megyn also discussed how she would have covered the recent stories about Hunter and Joe Biden's alleged corruption. Watch the video below to catch more of the conversation:


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