Transcripts For FOXNEWSW FOX 20240703 : vimarsana.com

FOXNEWSW FOX July 3, 2024

[chanting four more years] ainsley well, that is biden hopes to sell his bidenomics agenda in the Battleground State Of Pennsylvania as were inching closer and closer to november. Brian what an outfit. Steve we, indeed. L. A. s mayor karen bass asking residents there in one of americas priciest cities to cough up more cash to help buy houses for homeless people. We are asking the most Fortunate Angelenos to participate in this effort with personal, private sector, and Philanthropic Funds. Brian already got two illegal immigrants. What a circus. An elephant roams the streets of montana after escaping the traveling show. We will follow this story wherever it goes. Lawrence would you ride the elephant, brian . Brian not yet. I need to see a saddle. Lawrence second hour of fox friends starts right now and remember, mornings are better with friends. Steve we this hour off with politics the guy screen right President Joe Biden is taking his economic tour to pittsburgh. Yesterday he was in scranton, his hometown, lawrence. Lawrence his visit comes one day after biden visits scranton claiming former President Trump wants to bail out the billionaires. Brian meanwhile new data shows that bidens Student Bailout benefits the wealthy. Ainsley Jacqui Heinrich is live at the white house with the latest for us, hey, jacqui. Jacqui hey, good morning to you guys. Yesterday President Biden framed himself as scranton joe his opponent this november as country club trump trying to make the case that americans are better off under his tax plan. That continues today as he barn storms pittsburgh. Even though new data shows his Student Loan Bailout benefits the wealthy. If he looks at the economy from maralago where he and his rich friends embrace the failed trickle down policies that have failed Working Families for more than 40 years. Scranton values or maralago values. These are the competing vision for our economy. Penn wharton budgets model indicates Household Income of 313,000 a year will see an average of 26,000 in relief from the president s new Student Loan Forgiveness Plan while only 36,000 people making roughly 40 grand a year will see only 20,000 in relief. The administration laid out its first set of rules for this proposal which the committee for a responsible budget estimates costs to be around 150 billion. With the Department Of Education teasing yet another phase of this Student Loan Forgiveness Plan and that number shoots up to 750 billion for cost estimate. The group said this about the impact. Quote as we have shown before, these policies would put upward pressure on inflation and Interest Rates by supporting stronger demand and much of the benefits would accrue to high income and highly educated americans. So, today, marks the president s fifth trip to pennsylvania just this past year as polls are showing he and President Trump neck and neck really very close the latest fox survey has trump in the lead by only 2 points. Biden will try to reverse that in part today perhaps by talking a little bit more about this student loan plan, guys. Steve jacqui, speaking of reversing the Supreme Court reversed his earlier decision okay were going to figure out and forgive a bunch of Student Loan Stuff and the Supreme Court said no administration, you cant do that. That kind of money has got to come from congress. You just went through the numbers. 750 billion where is that money coming from . Well, taxpayers is the short answer. But, again, we may see some challenges in court just as we did with the other proposals that the president made because at the end of the day, that was, in fact, the problem. That you cant have people just bailout bailout these loans and not get paid. At the expense of the taxpayer. Theres a lot of, you know, contentious scrutiny around who would benefit the most from that. Who doesnt benefit from it, whether its, you know, correct or enforceable at all. So there are, i believe, republican State Attorneys General who have already launched some sort of a challenge in court. We will see how that plays out. But, biden was bragging about, you know, continuing to press on despite the Supreme Court. Steve he was. Jacqui saying he couldnt do it. He said it didnt stop us then. Brian the lawlessness that donald trump brings to the Student Loan Program is really uncanny. Thanks so much. Appreciate it, jacqui. The president of the United States was in scranton area. He needs that area of pennsylvania. He needs to win the area. Steve his hometown. Brian needs to win it by a significant portion because the rest really goes to President Trump. One thing he is doing is very trumpian. He says im going to put taxes on chinese aluminum and chinese tariffs. On chinese aluminum and chinese steel. And keeps talking about trickle down economics. I have news for you it does work or doesnt work. Trump never brings up trickle down economics. Ronald reagan the most popular republican can i remember always brought it up and george h. W. Bush always brought it up. For the most part is stuck in the 80s fighting against somebody else. He wants to be a guy that people can relate to. But right now, is he find being a hard time putting donald trump into a category. He should give up on it. We have made our own opinion of donald trump a rich guy that resonates with blue collar people. You put him in maralago, rich people dont like him as much as the works class does. Lawrence brian, there has been a change in the american sentiment. The poll came out and when you look at joe bidens presidency, 46 of americans say its been mostly bad. 27 percent said not really good or bad. And then when you go to mostly good for america, only 25 say that. But, when you get to donald trump, only 33 of the folks are saying that it was mostly bad. 23 have said not really good or bad. And then 42 of americans say mostly good for the country. So, i mean, he may want to start focusing On The Issues that matter to the American People from an economic standpoint, even the democrats and independents that didnt like the tone of the president said, look, we were having businesses, we were buying our first home. Then you got all these kids that are gen zers that cant even get their first home. Steve during the Trump Administration remember famously they passed those tax cuts and, unfortunately for a lot of people, they are going to expire in 2025. Smartly, joe biden wants to keep a majority of the trump tax cuts working to fulfill his promise that nobody earning less than 400,000 is going to pay a nickel more. Unfortunately, he does want to raise about 5 trillion over 10 years and where is he going to get that money . Is he going to get it from corporations and people who make more than a billion dollars. And he detailed the little of that last night. Listen to the current president on how hes going to jack up some peoples taxes. For Many Americans those paychecks arent going far when you look at the price of eggs so expensive. How do you work to get those prices down . Well, we work to get those prices down by making sure corporate profits are brought under control. Brian is he blaming the Grocery Store owners. Ainsley when you hear, this how stressful is it for the average american family. Steve im not a billionaire i dont worry. Ainsley hear about paying for peoples college. People can barely pay. We heard a story in the last hour about child care costs. How expensive it is to either have someone watch your child at home or how expensive it is for a day care or for schools. It is so expensive and then when you look at all of your bills going up, and then you hear youre going to now have to pay for peoples college, look at the fruits and vegetables. Everything is more expensive. Gas prices are more expensive. You have to pay for your cell phone. Your electric bill. You have to pay for either your rent or your mortgage. We have done a million stories on how those prices have gone up. How can why i dont understand if you just look at how expensive everything is how people could vote for joe biden again because we are better we were better under trump. Lawrence where was the pause . He was so quick to blame the business owners. Say i understand. This i see what you guys he is supposed to be the consoler in chief. Average day guy. But, instead, he have to find a villain. Brian i dont understand even the Phrase Bailing out billionaires. By the definition they dont need bailing out. So they dont even need to be addressed. There is only 1 of the tax rate came off the upper class. 39 . It dropped because barack obama put it up. The main thing that trumps tax cuts did was cut the Corporate Tax rate. He wants to raise it up to 25 . Keep in mind thats not a democrat or republican thing. You are competing against ireland. You are competing against europe. Ainsley china. Brian you are competing against china. You want to give a Good Business person an incentive to bring their company home. They started repatriating a lot of these companies right before the pandemic hit. They would be much smart tore look at what was working instead of just using the term trickle down economics. I also think its important to bring up that the spending is so out of control the imf yesterday said that yesterday our debt is right now in a critical stage as much as our growth is there. Our debt is growing and his budget is pure red ink. Steve well, lets talk a little bit about taxes. Because, what he is talking about, you know, in adecision to jacking up corporations taxes, he is talking about putting a 25 tax on billionaires. Meanwhile, out in los angeles, it was in the last year or so, they put a 4 mansion tax on sales of houses over 5 million and a 5. 5 tax on houses more than 10 million. How did that work out . Well, so far raised 250 million for housing which sounds good. They thought they would make 670,000 more in Real Estate Agents out there say the tax is prompting wealthy buyers to look elsewhere and they are not making the kind of money they thought they would with the mansion tax. So, nonetheless, carrie bass, who is the current mayor of los angeles, is now saying okay, were starting to make a little headway with the mansion tax. But we need people who are not impacted by it to help us buy houses for people who dont have houses. Here she is. Right now were working to move past nightly room rentals, including by Master Leasing and purchasing hotels and motels and already built permanent housing. Now, we are asking the most Fortunate Angelenos who otoparticipate in this effort with personal, private sector, and Philanthropic Funds to help us acquire more properties, lower the cost of capital, and speed up housing. Lawrence this is so ignorant. Los angeles county doesnt have a problem with money for the homeless. You got last year alone 532 million given to the homeless. This year they are set to give 609 million to the homeless. When i go out there and interview the homeless, i ask them why wont did you go into the housing thats already provided for you . They go they have rules and you cant have the drugs. You cant bring all your crap there. You got a curfew. So we decided that we would get a meal on the side of the street every single day. We get safe injection sites. They give us the needles to shoot up. Why would we go into the housing when we can do all the junk and still get meals, a cell phone and our needles on the street . Brian look at the budget in los angeles. 2. 640 billion so far just from property taxes. The business taxes, 847 million, sales tax 724 million. The house luxury l. A. Tax, i guess in housing, the fund, is 671 million. So, heres the thing, too. Lawrence property taxes. Brian what they are doing, too. When you tell rich people that you are going to tax them with a wealth tax, they are going to go some place else, thats how they got rich. Being smart with their money. Thats what froze the luxury home sales. You came in with they do a they are paying out huge commissions for Real Estate Agent when you sell a multi Million Dollars home. And then on top of that they say give me 4 . Really . Now, okay. You want me to sell it and then do you want me to stay here and buy another home and still get taxed . And the other thing that people tell me because i dont hang out with billionaires. A lot of them have Investment Income. If you are going to turn around and say 25 25 income tax on what . Their Investment Income is earning money but youre not or you cannot text income on investments when you have already bought to get the investment. When you sell the investment you have to give tax money. But when you hold the investment you should not be paying money. Ainsley let me get this straight. Steve capital gains. Brian on the sale. Steve there are three different rates, 15, 20, 25 . Depends on how much you make. Its the progressive tax structure. Ainsley so you work really hard. You pay for your own college. Brian you are just fortunate. You are just fortunate. Ainsley did i not grow up with a lot. I think all four of us. Lawrence same. Ainsley we talked about how we grew up with the stresses of our parents having to pay bills. We were not, you know, wealthy families growing up. So we have been there. We have felt by the grace of god we have these great jobs and we can pay our bills and help our families. But thats the american dream. You work really hard. You pay for your college. And now you have to pay for someone elses college . You work really hard to buy that nice house in l. A. Now you have to pay for someone elses house . Brian here it gets worse. Ainsley for someone who is homeless and probably out there doing drugs . Lawrence take it away. Brian if you move out of the state they could follow you for 10 years. Ainsley trying to pass that. Brian and these businesses that move out of the state and go to texas and florida, they tax them for 10 years. Thats what gavin newsom did. That guy is un ainsley he said if you are homeless, come to my state, we welcome you. Lawrence ainsley, the core element is what you just said about the measure dream and they are taking that away. There is no incentive to work hard now. Ainsley right. Lawrence going to tax you get 60 of the money at the end of the day, you work hard, you struggle, that used to be a are the path the story. No longer is the story now. Ainsley you get free healthcare with illegal immigrants, free healthcare, free housing. Steve a lot of the stuff. Ainsley okay. Im going to have a heart attack. We got to stop talking about this. Steve a couple days ago mark cuban posted on x i think he got the bill from hicks tax accountant and going to have to pay hundreds of millions of dollars in federal income taxes for this past tax year. And he said essentially, he happily does it. But, the other part to your point, is he said do i think washington, d. C. Is going to spend it wisely . Ainsley no. Steve no. Brian he got ripped for that the people going after him. Is he not paying enough taxes. But people going after him. You should be giving more. Look how much money you are making. Do you know how hard mark cuban works in the guy never stops. Lawrence thats what he gets for Virtue Signaling saying he was glad to pay it and he still he still dot shredded for it. Because its never enough for a lot of these folks sitting on their tails. Brian part of him knows that. Instinctively he goes left i think he functions like a conservative. Lawrence exactly right. Brian he wants people to work for him. Lawrence watch shark tank is he brutal with them. Ainsley this morning senators warn sworn in as jurors for Alejandro Mayorkas impeachment trial. Brian it could be short lived as schumer is planning to dismiss the trial all together. Lawrence Lucas Tomlinson is In Washington with the latest. Not quite as somber as holy week. House members led a procession across the capital rotunda to the senate to deliver impeachment articles. Something not seen in the halls of congress for 148 years. At the same time dhs chief Alejandro Mayorkas is facing questions from house lawmakers. Is a Terrorist Attack inside the United States of america imminent . Let me assure you, congressman, that the safety and security of the American People is our highest priority. Is it imminent . Same answer, congressman. Is a Terror Attack on the homeland ever the United States of america imminent today . Let me me assure you reremain vigilant. For these Years Mayorkas denied there was a crisis on the southern border. Over 7 million migrants have been encountered since President Biden took office. Thats more than 3 times more for the four years under donald trump. Mayorkas recently changed his assessment now calls it a crisis. He also said the federal government is doing all it can to keep Illegal Migrants from coming

© 2025 Vimarsana