'At What Point Will You Be Satisfied?': Ron Johnson Grills OMB Director On Biden's Projected Taxes
ฝัง
- เผยแพร่เมื่อ 12 ก.ย. 2024
- At a Senate Budget Committee hearing on Wednesday, Sen. Ron Johnson (R-WI) questioned OMB Director Shalanda Young on President Biden's proposed budget.
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
account.forbes...
Stay Connected
Forbes on Facebook: forbes
Forbes Video on Twitter: / forbes
Forbes Video on Instagram: / forbes
More From Forbes: forbes.com
![Shareปลาวาฬ ส่งท้าย SS1 พาเปียโน ขึ้น Ferrari ก่อนไปขาย แลก Nissan l [Nickynachat]](http://i.ytimg.com/vi/KAknGkTNIvg/mqdefault.jpg)
The government doesn't have a revenue problem it has a spending problem.
Right. What is all this bullshit about taxing the rich? I thought they had just settled on taxing us poor folks by printing more money.
Bingo
Just like gamblers. Only with someone else's money. Spending more than you take in is something most people will not do. But credit cards are much in demand.
Problem is GOP allowed Trump three debt ceiling increases in 4 years. This ran up our national debt in four years more than the previous 20 years. Now they want Dem leadership to make up for his spending. Same thing that has been going on for 40 years. Republicans run up our debt and then they want Democrat leadership to lower it, so next Republican President can run it up again. It is all in the books.
I agree 100. Doesn't matter if u are rich or poor. We are all overtaxed. Somebody needs to address the spending problem Washington dc has. We are over 30 trillion dollars in debt
I'm surprised she didn't find room in there to put the blame on Trump.
They probably edited that part out
or say inflation is racist.
Wait for it
How come Democrats in Congress can NEVER answer the question?
Same in Canada with the Liberals in Parliament.
this is totally true but maybe the answer isn't that simple
Nobody is going to post situations, or watch them, where lucid and informative answers were given. That doesn't sound like clickbait to me.
It is odd that there aren't any legal sanctions or penalties for appearing like a crook, or a moron.
because the facts are not on their side.
The lady isn't an economist. She just knows what she knows. She can't step out of that box and get into a discussion beyond that.
Or an actuarial or accountant by any stretch of the imagination.
She is just basically a face in a picture on the wall. Color her face white and with her credentials she would not be there ,
Prior to the video she said the top 1% should pay their fair share. It is reasonable to ask her what that share should be.
@@johnschuh8616 I am white
No I'm not.. And I do know what I know
She didn’t do her homework…She doesn’t understand… ☹️
She should not be in this position
Your racism is showing. This young lady is a victim.
Probably had a pass on doing homework because she was oppressed by those racist Whites.
@Tom how is she a victim? She went to one of the best universities and paid by taxpayers. I get it now, you're being sarcastic. Maga 2024
She's States facts. Facts bother maga. The top 1% controls over 60% of the wealth in America. Probably much more. They pay far less in taxes because of GOP loopholes created to help them. Anyone would be a complete moron to think the top 1% are being mistreated.
The Senator had to educate this lady about the tax numbers. Unbelievable!
"Senator, that's your analysis."
No, those are the numbers. That is the data. That is what happened.
He actually said his numbers were from an analysis.
They're used to using "my truth" not The Truth.
She is the government, you believe her cause she's black? His job is to make sure the government is following legislations laws
@@markportnoy6290 Definition of ANALYSIS: DETAILED EXAMINATION OF THE ELEMENT(S) STRUCTURE OF SOMETHING . Try again BOT 🤡🙄
She left out 0ne Democrat talking point, Donald Trump
Imagine being an employer and you ask an employee about something that affects your company and they respond with "Well, that's your opinion.". I think that employee would be looking for a new job.
One of the biggest problems was to elect people because of the color of their skin and not because they are the best qualified. It's sad but true. Not everyone is going to make it...this goes for everybody regardless of the color of the skin of backgrounds.
You got to put it up on a chart like a game show and have her come on down and move the dial where she wants.
🤣🤣🤣🤣
D's are never satisfied, enough is never enough. Only when all Americans are impoverished, will they be satisfied. Quite simply, they are nuttier than a Payday bar.
If Katie Porter brings her white board, Johnson the man that pretends totalks to his phone when he’s caught lying. She’d eat Johnson and spit em out. He’s an asshat
LMAO it’s getting to be that way.
Tosha
She is in over her head; but checks all the boxes to qualify for the position!
This is what happens when they hire for color of skin instead of qualifications.
Exactly. Left leaning people of color. Biden's people.
There is a lot of unqualified on each side,not only ones that you seem to imply that have melaninated skin
You mean f##king black!
@@bigron8346 you understood,so what's the problem?My thoughts
Don't say that in Cori Bush's fanclub on here, they stated "she's a national hero" when I pointed out her blatant racial agenda to drive a stake further between our people of this nation.
There has to be some kind of punishment for not answering a question. They should have to sit in a room with a Yoko Ono album playing at full blast or something.
Diversity Hire.
She reminds me of the Governor of Georgia, Stacey Abrams.
@@josemorrasge8100 ..both remind me of hungry hungry hippos
& perversely by doing so , they end up massively negatively stereotyping the "diverse" demographic .
@@mjones4083 that is an excellent point, that you rarely hear. They most often hurt the very people they claim to be helping, and are most worried about. Because too much is never enough, as in this video. And, too outrageous is never outrageous enough. Keep in mind that the very nature of "progressivism" is to constantly change, mostly simply for the sake of change, otherwise you've become a conservative.
@@UVBluesman Thank you for your comment . I have never seen the point of changing anything that actually works well and as such do not do "change for changes sake" . & change seems to happen so quickly nowadays that there is no time for proper reflection /adjustment and as such can turn out to "progressive levelling down " - with disastrous consequences . Diversity hire is a (troubling ) example of this.
Competence is a hindrance to them. Obfuscation is a requirement.
They can't just answer a simple yes/no question. They have to give a whole scenario to get around the truth of the matter.
what is the percent they should pay? yes?
What do you think?
@george hatzimanolakis by the way. I'm not the one that needs to know this stuff. Apparently they should know.
@@williammills8953 why should they? The truth is that there is no magic percent. The truth is also, how much would taxation be if nobody scammed it. Do we have a debt problem? Only if we can't cut where we most definitely can. Also, It doesn't matter if it your job or not, if you post it, there will be dudes like me who like to make fun of people for not having an answer "you or the politician like". Picture a scenario where the government successfully takes 10% tax from everyone and they have enough money to fix a lot of schools and build public housing. In 5 years, will that 10% be required? I bet you after 10 years, you can cut more than you started with because so much help was just given. This is a hypothetical, there is no right answer here.
With properly prepared questions, if they give a yes or no answer, it isn't as though that is the end of it. The senators get to ask the real questions in private sessions. This stuff is 100% political. A good prosecutor is always setting a trap. At a certain level, if you can't stonewall the questions, you aren't up to the job.
I didn't hear her say anything that shows she understands economics.
Of course she won’t answer
Because she doesn’t know the answer
What a genius
Twisted as usual obviously she has no clue
She tried to answer twice but he stopped her each Time, so...
@@23Toyboy23 stop trolling. Lmao
Democrats suck at math.
She knows the answer. Shes obfuscating.
@@23Toyboy23 because she was not answering!!
At school when you are taking a test for math, is now common to be asked to show your work on how you got your answer. It seems that every individual being question by any house or Senate panel thinks that they are in school and they have to explain their answer. When you are asked the question what percent do you want to be you should not have to explain anything else but just give the percent. But since these Witnesses know that the questionnaire has a time limit they will filibuster as much time as they can.
She can't answer anything.
' that's not answering the question. '
It's a Biden nominee. They should expect it by now. 😒
It's scary that she doesn't understand how the world economy works.
All those countries she claims have it worse, doubled down on the stupid ideas of biden is why it is worse. They never got out of the paris accords, they never dropped the iran deal.
She does... but her job is Black lesbian reparation rhetoric, not actually running a country...
Clearly she's just a figurehead, not an actual manager.
Kinda reminds you of AOC ...... doesn't it??? And that was AOC's major.........LOL.
@@savannah505 AOC should demand her money back for her degree in economics. Clearly she got nothing.
The smirk says it all
As always, the fiscal problem is not in the revenues,...it's in the run-away spending of this administration....
Indeed, and maybe we could STOP growing both entitlements without any work requirement and STOP. growing the already massive federal bureaucracy without any ability to EVER get rid of any of them. They are arguing, right now, in other hearings about federal employees who, now that the pandemic has finally been declared over, don’t want to return to their offices. As has been pointed out, employees in the private sector who don’t show up to work get fired. Now there are plans, in multiple sectors to spend millions trying to figure out why people don’t want to return to work. It’s absurd, of course they won’t want to get out of their pjs if they are allowed to get away with that and you’re fired is a lot cheaper than all this snowflakery.
it's actually exactly half, they're over spending by a trillion because they are missing half of their revenue which equates to over spending by half
Shalanda needs a bit more education in math, such as, up is higher and down is lower. If we have a policy that makes things go up, how does the same policy make things go down ? At some point, there has to be a change in policy. Since the policy covers a period 10 years, it sounds to me that the deficit will be way above our heads. This is a question I asked my 12 year old grand daughter and she said everything will go up ! I'm going to have her apply for a job as OMB director as soon as she's 18 years old !
400 families? wtf? Who gets taxed per family? diveristy hires will kill America
Perfect example of why you hire the best people for the job and not someone that checks a box. This administration is going to run the country into the ground.
Already is, sadly....
Too late they have already. God help us.
They already have. Now the scaministration is going to run us to the brink of hell
That's the plan.
Not "going to" , it already is and has been doing so ever since it got into power .Nothing can be clearer than that .
It's literally like trying to reason with play-doh.
Deficit reduction is the most ridiculous argument that you can make. It's like saying well last year I went into debt by $30,000 and this year I only went into debt by 25,000.
She jumped to 2033 in her deficit reduction malarkey, that's just guessing, isn't real.
Making you total debt $55,000, She doesn't seem to be able to grasp that math.
that makes sense by your numbers because eventually the debt grows by nothing
🎯
@@samfrancisco8095 but it's a $5,000 deficit reduction!!!! LOL
Metrics? You want her to use metrics? You are asking her to use numbers? That is not going to happen.
She’s a f***ing liar, denialist, and downright idiot. Just towing the Biden line. Lie, and keep lying, no matter what facts she is presented with.
Metrics? Uh... metrics.... uh... METRICS ARE RACIST !
"Num-bahs? Ain't nobody got time fo' num-bahs 'n' shee-iit
I'm the 50th thumbs up.
She’s not thinking about inflation because she gets 100k a year minimum salary alone. Lmfao.
Lefty politicians are like TV evegalists to their constituents. Silver-tongue them to death to get elected and become millionaires in the process
Love when they talk about how great things are going to be in ten years.
And I remember they were doing that same thing ten years ago.
Was anyone else waiting for her to say, "that math is racist"?????
It just amazes me how people like this woman be so completely inadequate to answer a question. They should be jailed.
She's good enough for the Biden voters.
Thank You Senator Johnson.
oh dear. always somewhere out of lane, over there, someone else, global, or decades away. But Never an Answer.
maybe she could qualify as a greeter at MacDonalds.
*The vast majority of the "1%" avoid paying taxes by borrowing against their investments, rather than liquidating them. Loans are not considered taxable income and as long as the interest or capital gains on their investments are greater than the interest on the loan, they have a positive benefit. This concept of "taxing the rich" is a red herring and frankly a distraction and a complete waist of time!*
Perhaps we put a limit to borrowing against investments then.
@@mick8888V Perhaps we just go full J. Stalin?
Well with rising interest rates and depressed stock values, that plan may not be working out so well these days.
Yeah...let's just try taxing the bastards anyway and see if that ol Boogeyman of unemployment rise is real. Worth trying something different than the last 60 years.
You had me until "Waist vs WASTE." Work on that.
He asks a question for a specific amount that would be “far” and she only responds with rhetorics
How can they forcast 10 yrs ahead when they even see clearly what is going on in front of their eyes? #DamnDems
That's a gimmick Democrats love to use, project it out 10 years to justify any bill 'in their own Mind ' when the actual numbers are in, it's doubled
This is what happens when you have Keynesian economists running the budget.
If every single country does the exact same thing (prints a bunch of money and raises their deficits) then global inflation goes up
That's right. That's why I ask what is all this bullshit about taxing the rich? I thought they had just settled on taxing us poor folks by printing more money. They do it over and over.
A state in Africa did exactly the same bread at the market is 20,000 what ever the money is. Inflation and devalue of there currencies
But, what American haters don’t realize is, where America goes, so goes the world. As bad as it is here it’s worse in other parts. Besides. I’m not interested in the Global thing. I’m interested in what’s happening to My Country
that would be correct but the point was, your printing doesn't effect my inflation which is mostly accurate
Does she even consider that Corporations have operating costs? I would like to have her understand EXACTLY how complicated Corporation taxes are?
she wants to say 100%
Well, she knows she would sound ridiculous admitting that in public, so she'd likely say 99%, and throw in a judgement that 1% should be enough for "the rich" to live on....excluding of course, any politicians or wealthy beuracrats!
She wants to say "all the whytes money!"
That budget should be getting cut not increasing!
What are your qualifications?
I'm black, I'm gay, and today I identify as a woman, but my pronouns are xe, and hir.....
Wow, you are eminently qualified!!
Equity hires will collapse our entire system xD
What happens when Affirmative Action put's people in office , who are not qualified to shine your shoes
You are blowing her mind with numbers and facts….she only has rhetoric
Every American should see and consider this exchange.
If she's qualified to run the cash register at Walmart it's no wonder they have us doing it ourself
Hahahahaha
U must be a Graduate of Trump Academy;Maybe you received a Scholarship from the Trump Foundation
@@tommyanderson4274 …you voted for a pedophile? Why would you vote for a pedophile?…he’s not going to make it legal, poor you.
If we went to a flat tax for income and a sales/service tax, that would make a huge positive difference in our economy.
Every single time we see one of Biden's nominees being questioned, it's like watching "Dumb and Dumber"
And dumbest
but harold and lloyd aren't running this committee
they are too smart
Diversity hires, black, female check
Disagree. They're not even that smart
Spot on! 👍
A budget is not money spent, it is a request for money to be spent. The Department I worked for EVERY YEAR the Director made sure to spend every penny (so as not to have a surplus), and asked for 15% more, and would accept 10% more 'saving' 5% each year.
Falsehood is always a test for Truth. Truth, is the active component.
No one will ever give a straight answer as to what a "fair share" is.
She is clueless!
The past two years, it like actually answering a question is something goerment officials aren't allowed to do. I wonder what happened?
They will never be satisfied with taxing people until they have nothing left
maybe but even 99% tax would leave them with more than what the majority of people have. So on the way to that percent, we can eventually find a way to make all americans productive with equal accessibility to reach that ability.
We're already taxed substantially more than when we were under British rule. We should've revolted when the gold standard was terminated.
We should revolt now.
You are assuming they desire to be productive.
We are looking at the face of career, bureaucratic failure, when an administration hires people on Diversity-Equity-Inclusion, rather than competency. Americans suffer the damages of these people's incompetency, but those in power don't care.
That woman is TOTALLY unqualified to be anywhere near a budget! She has absolutely no idea of the basics of economics. I learned more in the first week of economics 101 than she appears to understand.
Can't answer....won't answer!
She's simply not selling her product. No common sense financial analysis would say the proposed spending is heading toward a "reduction".
Can’t answer a simple question she’s thought long and hard about for years and repeated ad nauseum. 😂
It’s a number, just say a number.
Rumour has it Lori Lightfoot is infatuated with Shalanda.
Lol Shalanda
They’re not going to acknowledge anything!
God help Us, We are surrounded by Idiots.
I didn't know Sen. Johnson was questioning Charlie Brown's teacher... Whaa WA waa waaa wa waa WA .
What that tells us is they're responsible for many other nations suffering as well as ours
The problem is not the tax rate, but rather it's the loopholes that provide room for tax avoidance.
Nope. It IS the unfair tax rates. We shouldn't even HAVE 99% of these taxes AT ALL. If there weren't loopholes most people wouldn't have ANYTHING left after the ILLEGAL IRS got through with them. The more money you bring in the MORE THEY TAKE, AND WASTE. The IRS needs to be abolished like 90% of the federal government & it's "free" programs.
TOTALLY UNQUALIFIED
Federal taxes are exactly what is being referred to! When confronted with facts and data they absolutely have zero clue what to do!
Do we really want people like that in those positions?
If I answered like that my parents would beat the shit out of me.
I love facts!! Government should only speak with facts we can all see are true. Follow the actual data not lies and talking points.
Data is massaged in many fashions to support endless intentions.
This needs to go viral!
Does anyone in the Biden admin know what they are doing?
No they don't
This reveals so much!!
She's unqualified it's obvious for her job. She is qualified to operate a cash register at Walmart I'm guessing ?
Says the guy who looks like he works at walmart.
@@kurtwilliams1859 working at Walmart is still better compared to your mom working on her knees.
That might be too much for her, she cant even give a numeric determination of "fair share" so I am pretty sure she doesn't actually understand numbers and is just parroting whenever she uses them.
No, republicans never ask good faith questions. It’s never based in actual information. He literally told her he didn’t want her to see the numbers he found somewhere but wanted her to respond to a question that wasn’t based in accurate information.
@@kurtwilliams1859 says the guy who hasn't left his mommys basement except to get his nappy changed EVER.
Bring on those Nobel prize winning economists to talk.
FAA admin nominee: never flew a plane
Transportation secretary: was fed agent and mayor
vice president: smoked weed with Tupac?
Homeland security: wants to remove all hurdles to entering US
President: Blackmailed into supporting phase 1 of WWIII
Treasury sec: tells israel to get its money out of SVB bank before it fails next day before US citizens remove theirs
Nuclear secretary assistant: Man who dresses as woman and steals womens luggage
US military: pays to cut your dick off and put a dress on
At this point we can only assume they want us to try to revolt so they have pretext to remove 1st and 2nd ammednment
@@disconductorder I hate that everything you just wrote is a 100% accurate.
@@disconductorder the question I have is whether the US military would turn on its own people if a revolt were to take place.
The final nail in the coffin of the Soviet Union was their military refusing to turn on its own people.
@@Mazzpp98 Some would, I think most wouldn't. That is one of the reasons our current government is going full speed ahead to woke-ify the military. They want to purge all normal and patriotic people.
To bad Milton freedman is still alive,Mr Johnson and Milton would be able to answer every question, and could have a real conversation
If we're playing the game of Monopoly... Shalanda CAN'T be the banker
Thank you for adding the date on your videos. Too many people passing old stuff as new.
ditto
Chevy Chase: "I was told there would be no math"
Never enough for them.
They won't be happy until they get it all.
Every time I see I watch these questionings it's all about 'HOW CAN AVOID ANSWERING THE PERSON'S QUESTION.
He let her off the hook. Keep asking, "How much is their fair share?" I ask every Bernie Backer I encounter, "How much is fair for rich people?" I have never got an answer. The next question is, "What tax on the rich has never been applied to working people?" The answer is, "None". Whatever tax they invent now for "rich" people will be paid by us someday.
75% on those making over a billion and 55% for those over 2 million. That's a good start to swing this ship around.
In the early to mid 1900‘s it was a 97% tax rate. For the ultra rich.
@@roryfleming2320 That 97% was only on part of the income, not all of it. Is that what you propose as their "fair share"?
@@mick8888V 75/55 % on everything or just the over 1 billion/2 million?
@@wdtaut5650 there should be a windfall tax and a capital gains tax.
Nobody should be begging the government to raise taxes on anyone they should be demanding the government stop throwing money at anything and everything they want including Ukraine.
“In ten years the President’s budget budget will bring the deficit down by 3 trillion dollars.” Okay, got it. And at that time in the future then what will be our total accumulated debt? “Oh about 50 trillion dollars.” Okay got it. And what percentage of our budget will go to servicing the deficit? “Oh, maybe 75 to 100%.” Got it. Makes perfect sense to me!
Had the same thought. Was looking to see if anyone had already made this comment.
When you have to borrow money to pay the interest on the money you borrowed they have a financial term for it. It is called BANKRUPT.
Its been the Democrat way since their inception, their idea of "lowering the deficit" is by not spending as much as they wanted. So instead of raising the debt by 25T over 10 years it only goes up by 22T....just like my wife says "see, I saved you money"!!
Got it!!
@@gregs42768 I saved 38% on this unnecessary expenditure, honey. We can never have enough of these requiring us to now rent a storage unit to keep it all. She spent your paper gain on your investments. Realistically, you didn't lose as much in your portfolio because she already spent it before the drop.
He gets a better response talking to a wall. She is clueless.
The number is 100%. She's just afraid to say it.
More fuzzy numbers from deliberate fuzzy brains
Maybe consider just closing some loopholes instead of increasing the percentages?
We need a flat percentage tax rate, the same for everyone, with no deductions, and no exemptions.
Why don’t you just pay for people to move their money to the cayman’s yourself?
It's not taxes that's the issue with her, it's the fact that the rich are still rich and they don't think that's fair, so they must not be paying their fair share of taxes.
Except Beyonce, Lebron etc who are richer than 99.99 of Americans.Dems only care about old white money.
She only has one data point in her arsenal of knowledge.
Just won't answer because they are NEVER satisfied.
This is the result of hiring people because of their skin tone and teaching math in a way that says the sum is not important as long as you follow the formula.
@Sarah Walker Beach
Yes, hiring people based on their race is r@cism.
Another thing that prevails in the US and all over the West is dismissing anything that goes against some people's narrative as r@cism. It's too bad too, because when people do that, they are unable to see what is really happening in the world. After all, demonizing the truth as r@cism hides real r@cism.
@@sarahwalkerbeach6985 ..what a ditz
@@sarahwalkerbeach6985 ..wow..why so racist?
@@poolmonkey7479 she earned a Bachelor of Arts degree in Psychology from Loyola University New Orleans and a Master of Health Administration from Tulane University.
Man, that guy is being incredibly mean to that woman. It is because she is black, and a woman. If she was white, and a man, he would never have asked those questions. Wow, so mean.
"Inflation," rising prices, is a direct reflection of a deflation in the purchasing power of saved labor and wages. Otherwise, "inflation" represents a loss of purchasing power of currency already in circulation. which is a massively obfuscated, hidden tax. Those at the bottom of the currency heap suffer most.
What are you trying to say?
@@danmoore3660 While most often rising prices are defined as "inflation," simultaneously, this is represented by a deflation in the purchasing power of both wages and earned capital, not to mention pensions. Also, profit competes with labor. So inflation then - meaning an introduction of freshly printed currency and credit currency into circulation - results in more currency chasing the same raw materials, goods and services. The difference between real MONEY and a currency is, while MONEY is the value and more or less retains its purchasing power, a currency is simply a conveyance of a claim upon value that loses purchasing power. When silver dimes were in use, this was real MONEY and to this day retains a value equal to a cup of coffee in today's FED denominated Notes. Both Bitcoin and FED Notes are currencies, as was colonial scrip. The difference between FED Notes and colonial scrip is, while FED Notes are a Private interest bearing Currency, colonial scrip was a non-interest bearing public currency, whose supply was expanded and contracted based on the needs of trade and production. Honest weights and measures were set at the founding of the American republic, wherein a DOLLAR represented a quantity rather than a value. Properly understood, DOLLARS are minted - currencies are printed. Whereas the weight of a Note for a DOLLAR is approximately 1 gram, the bimetallic standard of an American DOLLAR is 371.25 grains of pure silver. So whereas an ounce of silver today requires approx 36.00 FED Notes which are called DOLLARS, a real DOLLAR of silver today in the years prior to decades of inflation would buy you 360 silver dime cups of coffee. So, `inflation' then - as well as interest on the national debt - eats away at the fundamental purchasing power of earned wages and savings. whereby those who labor most and too often make the least, suffer the most. As Lincoln proposed, labor is prior and superior to capital, because without labor there would never be any capital created. Basically, no matter how many steps removed or at which stage of production, labor creates capital, and thus deserves fair exchange. In the most basic sense, inflation - which is deflation - steals from labor. Cheap products from China maintain an illusion of purchasing power in the US whilst exploiting cheap labor in China, which can only have a dampening effect on American wages. To maintain the value of labor and wages in America, will take tariffs, just as it did during Lincoln's time.
Right. What is all this BS about taxing the rich? I thought they had just settled on taxing us poor folks by printing more money. This is all BS.
@@Elazar40 Thanks, I think I get it.