Grants it emergency use authorization. The panel is meeting one week from this coming thursday. Thats going to be on december 10 and then about 24 hours after that, the vaccine will go first probably to healthcare workers and then begin to broaden out to the larger population, if its approved. We hope it is, the chief scientific advisor to operation warp speed says that they will be able to ship those first vaccine to immunization sites within about 24 hours of that approval. Now speaking, david, of shipping vaccines our corporate cousins the wall street journal reporting that you nighted airlines will fly chartered planes between brussels, belgium , and chicago ohare, the airline will carry five times the amount of dry ice normally permitted on board to keep that vaccine cool, has to be at a certain cold temperature on the plane, on thursday, President Trump welcomed this news. Listen. President trump itll hit the frontline workers and senior s and doctors, nurses, a lot of people are going to start and were going very quickly, two Companies Already announced the third one coming up and a fourth and fifth one coming up soon also. That being said its still several months according to healthcare experts before the majority of americans get vaccinated. Its still going to be a difficult few months for many people heading into the winter of course with flu season so the advice from people including dr. Fauci with nih continue to wear that mask. David but extraordinary progress on warp speed really unbelievable. Joe biden thank you, david, joe biden meanwhile expected to announce his Economic Team wednesday as we see record after record on wall street, so what will his administration mean for investors and taxpayers . With me now is former trump Economic Advisor steve moore, democrat strategist kelly heiman , cpa and market analyst dan geltrude and erin gi bbs. Good to see you all happy saturday. Kelly first to you, what are the first economic policies that are going to be rolled out by the Biden Administration . Well, first off thank you so much for having me on the show. Hope you had a nice thanksgiving and your family is well and all of the viewers as well. I think people are struggling personally, professionally, financially and economically, and so its important to get people back on their feet to get some kind of stimulus going to help people move forward and also to help them financially. I think thats key. David but specifically, kelly, i want to stick with you. What kind of policy are we going to see tax hikes, what are we going to see specifically from the Biden Administration first off . Right, well biden has said, i made it clear, that if you make under 400,000, youre not going to get a tax increase, and so hes in regards to taxes, he is going to trump adminitration increase the taxes that have to be paid not by the corporations, im sorry i misspoke. He basically, trump made sure that the corporations pay the left and so biden is going to increase that so the corporations are held accountable and pay that as well david okay. As you know in the house theres a bill sitting for months to help people with the stimulus package get on their feet and hopefully that passes in the senate. David steve moore, in the last administration, run by democrats , obamaBiden Administration, were in a deep recession that one of the first coming out of the deep recession, we had tax increases on corporations, and wealthy individuals. A lot of people said that led to one of the slowest economic recoveries in history. We had under the annual average economic growth, under under the Obama Administration was 1. 6 , very anemic, 1. 9 finally in the last three months but even that was pretty low by the standards before covid. Well youre exactly right and thats covered in my book, by the way, david, trumpenomics, where we took over in 2017 the economy was pretty anemic and it was pretty slow growth but you led with the most important point, david at the beginning of the show. The economy is really taking off like a rocket ship. Nobody expected this , none of the economists thought that we could have this kind of very high growth, were seeing continued good numbers on the employment front, you know, weve had Something Like 12 or 13 million additional workers in the last five months which is a recovery swifter than anyone weve ever seen. Look, i totally disagree with this kind of con census on the left that we need another two or 3 trillion stimulus bill. David, write this down. The stimulus is the vaccine. The vaccine will do so much more to get people back onthejob, to get businesses running. We dont need another 2 trillion stimulus bill and we dont need expanded Unemployment Benefits that pay people more not to work than to work. What trump is doing is working and we dont need 2 trillion more debt. David well, erin investors dont seem to care much about any of these policies because they just keep roaring straight ahead whether its virus concerns or concerns about Economic Policy from the new administration. We had nasdac hit another high on friday, volatility has come down, which means that you dont have these big up and downswings like you have when the markets are worried so why are investors so calm during all of this . Well one thing, the markets are always looking, lets say six to nine months ahead. So we know that we have another six months of really strain on the economy, with the record high unemployment and so on and so theyre really looking at the second half of 2021 and assuming that the vaccine is going to be welldisbursed and were back normal and looking at record recovery growth rates anywhere from 20 to 60 for Small Businesses, so thats whats really driving the market is looking farther ahead. They sort of have given up on 2020 looking into 2021. David you know, im wondering, dan, investors and particularly tax advisors are always advising wealthy people when they are in fear of their taxes going up, how to avoid taxes so we know it happens. Everywhere in the world that happens, whether its a wets tax or a higher Corporate Tax or whatever. Are strategists now developing strategies for their wealthy people, Small Business owners, even the big corporations, to avoid higher taxes . Yeah, theres no doubt about that, david, because the only thing between us and significant tax hikes is a Republican Senate and we dont know how thats going to turn out in georgia, so tax advisors, tax strategists are sitting down with their clients at this point with a plan b and saying okay, what do we do . Part of that is is relocating within the country, because of the structure of the various states, but the other thing to think about is do you want to trigger some gains this year because Capital Gains will be going up in 2021 should biden get his way, so you may want to take some gains off the table. You may want to do some gifting, thats for sure, because the state taxes are going to go up and as far as Small Businesses, because of what joe biden is talking about related to payroll taxes, many Small Businesses are going to move from llc to scorporations to try to get around that payroll tax hike. David well kelly, there have been a lot of reports that even if the democrats dont take both of the senate races in georgia, which means youd have a republican majority maintained in the senate, there still might be things, rule changes, that the new administration could make to tweek our tax laws so that even without the Senate Passing tax hikes, there would still be effective tax hikes going into place. Well i think we have to actually wait and see what happens, and as i said before, biden has said if you make 400,000 or less, he is not going to increase peoples taxes david right but kelly, you know that there are a lot of Small Businesses that make a lot more than 400,000, and theyre not rich people, they put all their money back into their business. These people are driving used cars, it looks like theyre rich because they are making more than 400,000, but they are Small Businesses and they plow all their money back into their business. Right. Absolutely and i think thats a good point but i think that thats something that biden understands, and wants to help the American People, and so i think thats important. Thats why also, look about the Corporate Tax. I mean, thats why hes increasing it. Corporations should be held accountable and take proper taxes not the hardworking American People or Small Business owners, and so i would definitely agree with that and i think thats something that hes going to do. David lets hope so. Steve the other kind of tax are regulations and we saw this incredible deregulation process under the trump adminitration over the last four years, were going through some of the literally hundreds of deregulations that really helped steer this economy. I mean, the jobs market, in this economy, before covid, was extraordinary. Ive never seen in my lifetime a period when you had more jobs than you had job seekers. Thats how strong it was and a lot of it had to do with deregulations and those deregulations might be reversed by the new administration, right . Well thats right. Let me just say a word about the tax bill because as you know , david, i had a small hand in helping put together that 2017 tax cut and by the way the average family gained 2,000 in tax cuts so if you repeal that tax cut its not just people over 400,000 who are going to get the tax increase but virtually every family, but even if it were just the corporations and people makeover 400,000, you know, one of the things that happened when we did that tax cut and we reduced the tax on american corporations and american businesses is we made them more productive and all of a sudden, david, you reported this. 1 trillion, 1 trillion from the rest of the world came to the United States and got it invested here. Its one of the reasons that we had the big jobs boom and we got the Unemployment Rate down to less than 4 , something nobody thought was possible, so i get frustrated when people say well we have this successful policy and now we want reverse it and the same thing goes, david, with the regulation front the area that im most worried about, david, is the energy sector. We are the number one producer of oil gas in the world and its been a game changer for the american economy, millions of americans are employ ed by that industry and you know, President Joe Biden wouldnt have to out law fracking. He would just strangle that industry through regulation. David all right although he says he doesnt want to move on that front except on public lands, well see how that works out. Thank you, gang. Good to see you well see more of you coming up in the next hour meanwhile the Supreme Court cracking down on democrat governor Andrew Cuomos virus limits in new york state, specifically on his limitations and houses of worship. Is this a warning for other governors throughout the nation . David well new York Governor Andrew Cuomo criticizing the Supreme Courts decision to block the states restrictions on religious gatherings as it continues to fight a surge in covid19 cases. The democrat governor calling decision irrelevant and nothing more than an opportunity to express the courts philosophy. Joining me now is father Gerald Murray pastoralism of Holy Family Catholic Church in new york city and also a lawyer for the Church Father murray great to see you thanks for coming in on this saturday. I want to read to you what Justice Gorsuch said about the decisions and decisions be made like it about Governor Cuomo all over the country. Justice said it is time, passed time that while the pandemic poses many grave challenges there is no world in which the constitution tolerates color coded executives that reopen Liquor Stores and bike shops but shutter churches, synagogues and mosques. Now our righttoworship is the first right protected by the first amendment. Does the governor think hes more powerful than that . Well he has and thats why the diocese of brooklyn had to go to the Supreme Court to try and get relief, which thank god, five justices voted on the side of the constitution. Its amazing that governors decide whats essential in the lives of the citizens. Religion is part of the foundation of this country as you know, david. We just celebrated thanksgiving the pilgrims came over seeking religious freedom and then they extended to the indians and enhanced a friendship and great celebratory meal to thank god so the idea that the liquor store is open, the costco is open, the church is closed, i mean, their rule would have been st. Patricks cathedral can have 10 people if its in the red zone, and what are they talking about . Youve been to st. Patricks david. You can fit 2,000 people in there, only 10 . David and yet people are shouldertoshoulder at the Liquor Stores or the walmart or wherever, where its open. It does seem, maybe im being paranoid, but it does seem this was a specific attack, if you will, against religious institutions. Well, you know, it shows a hostility to the religious practice of the American People and thats of all religions and this is completely against what this country is about. Im glad the Supreme Court reign ed them in but im disappointed that Governor Cuomo would say that the court was expressing a philosophy and a political view, no. The court was expressing a constitutional right that is foundational to our country and thank god it is. David the first right and the first amendment, i mean, it isnt coincidence, i think, that the founders put that before all the other rights protected by the first amendment. Absolutely right, and you know, sometimes i get nervous that people who think religion is an obstacle to their political success try to suppress it in different ways. I mean, this is not how we should, people who arent religious, fine i hope they become such but please dont interfere with everyone elses rights and ability to worship god. David and by the way youre a Roman Catholic priest this is not a catholic issue this is a nondenominated it immigration all suit brought against the governor and his edicts, right . There were other religions involved. Absolutely this rule applied to all houses of worship and we have to be very careful they talk about scrutiny and constitutional decisions. Why is it that houses of worship are singled out but other areas of gathering are not . We should not look at religion as a source of problems to society and we should not regulate it more strictly than we do home depot or costco, and i think the average citizen is very happy to see their neighbor freely go to church even if they dont, but on the other hand, we have to remember that the government is not there simply to impress their preferences. They have to uphold the constitution. David forgive me, father, but we had a confluence of events that really hurt our economy and our culture, not just covid but also these riots that took place all over the country, which focused on this cancel culture attitude. A lot of which was attacking religious institutions, in fact there were many attacks against catholic churches and other houses of worship demolitioning religious statues et cetera. Do you think this had any influence at all on decisions to target churches and other houses of worship before they do Liquor Stores . Well, you know, cultural trends are usually what trendy politicians hook on to and people on the left who want to please the rioters in the streets and give them whatever they want would say oh, yeah, you know churches, synagogues and mosques they are suspicious places where people can get sick more readily than if they are at a liquor store or a bike shop. Justice gorsuch had it right. We should not ever create an era where governor by a mere edict can get rid of a constitutional right and certainly a tax on religion are unwell comed, wrong, illegal and they should not become a source of some kind of cultural wave that is used by governors to gain favor. David we only have about 15 seconds, but are you disappointed the decision was so close and it was a 54 decision, because of Justice Barret who made the deciding vote, the new justice. Im always disappointed when something that is clearly a constitutional right is disregarded by some of the Supreme Court justices. I dont understand why they think the law doesnt apply according to other constitution is written and thats very disappointing. David father gary murray thank you so much for being here appreciate it. Students under crushing debt now joe bidens under pressure to wipe it all out. Thats 1. 6 trillion but will that do anything to reel in soaring tuition rates . We made usaa insurance for members like martin. An air force veteran made of doing whats right, not whats easy. So when a hailstorm hit, usaa reached out before he could even inspect the damage. Thats how you do it right. 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