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Something the round amendment. You know what they’re calling and add up and it it really save the mortgage industry . So because if if that tax plan went through , without that provision in there businesses like town stone every mortgage company like us , we would be in trouble . And the only people that would have benefited would have been the big banks , because they would have consolidated the industry and basically anybody that’s not a billion dollar multinational would have no longer been a mortgage business .
We’re encouraging you. And then if you do you have any questions on the tax bill itself or to be talking about a lot . And if you followed her radio show or the podcast we one argument outlook we would argue with me now you that much oil is at 3-1 2-6 fortunate 5600 .
I mean I bet a lot of our listeners do wonder how it’s going to affect them do do you mind if I go through some of the day.
No , I don’t want you to do it because the way you do it. I’d rather have allocated the way you do . It is very negative , here is my one thing on a sit talk about texting and I’ve already clicked all these buttons that your phone clicking cos I posted and on LinkedIn yeah today is what I want to say , the bottom line is , if you’re a Democrat , you don’t like it . It’s fine and find if you don’t like it if if you think that you’re going to get hit tax wise that’s fine why everyone thinks that this is forever , there is nothing forever if this tax cut . Turns out to be so horrible . Okay . The Democrats are all gonna come into office . They’re gonna vote this thing and terror it up our show I say Tehrik down so you wanna go on there and looked at it shows in 2027 I hate when people talk about 20-27 , how many years ago from now is 2027-9 years . Who the hell knows what’s gonna go iron in the next 9 years while they’re really matters when they wanna talk about 2019 and it shows on their 75,000 to 100,084% of the people are going to get a tax cut . Now granted , I don’t know what this debt’s gonna do , I don’t know if it’s really going to improve the economy . I don’t know if the corporations are gonna filter the money back because for the next . I think it’s 5 years , they don’t have to pay taxes on any investment there . They’re gonna be able to write off any investment that they do here in the US immediately and that’s what’s costing so much money here so if none of this works . All of the , you know exactly who I appreciate it . 12 O-U 20-70 28 and he who worries about the stuff I must admit when I was 28 I never worried about it . Alec . I don’t think worries about this when he goes .
I think put your baby he flew for a guy I see tax cuts and I see what a happy.
Right now , tax cut to throughout the 19 for sure 2027. Why would you talk about 20-27 the Democrats talk about what that it’s gonna be billions and trillions of dollars being 10 years this has filed lasting .
Textiles casualty a partisan issue. Never when it comes on a taxes . It’s really about numbers and economic .
How they we wait. How is it not apparent competition because when you I was initially sentencing . So when you have showed all different , you have to just .
Diametrically opposite opinions in the United States when Democrats and Republicans. Right now , you can even get him in the same room because they’re there , the way that they want to govern the way that Obama govern the way the Trump governs and I’m not talking about Trump with the tweets and trumping in the 80 time thing unjust talking about what what how he feels about the economy and what he wants to do versus what Obama did you you , they’re just they’re they’re black and white . What was again you’re gonna be able to change your vote again in next year , because you can have the Senate and .
Well , what I see again this is the Millennials talking and they don’t like it because they deem it and the slapped us labels trickle down economics if Trump believes that the tax cuts in the corporations were actually again they’ll produce more invest more on the economy and jobs , etc , and it will trickle down , it doesn’t work in their mind again I’m. I mean this is not what .
The other thing Millennials are concerned about and you could say why all of a sudden , but you know deficit because you don’t pay a deficit today appeared in the future and baby boomers you guys went up bill comes to you’re gonna be gone you’ve organizations right now.
Very sterner small businessmen as a corporation. If council financial stocks making money again . And does it really , really well . Because of these tax cuts . Here I am going to hire more people we have had twice as many people working at town stone that we have now over the years , and with all the compliance and all the crap that was thrown on from the Obama Obama administration and the Consumer Financial Protection Bureau and saying some of the stuff was in good because some as well needed to be done , but the vast majority now and how and how I spent Thursday night warning about 1/8th versus versus a quarter on alone . They were jetlagged inland and that Anzack was closing because I , who started his day and night could not can figure it out for the life of me and a federally chartered bank in Wisconsin has no clue whatsoever and and .
And then how would reduce the work that we are , he is your years in his regular. We don’t know . And there’s still are also still debating whether with her but that is the main point .
Here , and that is the exact point so I am the test case so you wanna talk about trickle down economics as a business , business owner. I am excited because it’s very close if some of those kids taped it taken down and it releases us to be more entrepreneurial and it releases asked to do more loans , and be able to help more people and be able get loads of people bankruptcies who have who’ve who’ve lower credits and stuff like that . I am going to hire more people , if my tax rate is going down and we’re gonna be able to make more money . Here I am going to hire more .
You know I I really I fully agree with that. Small businesses are the backbone of the country , but why should talent stone get of the break , but we’re still giving it to these multi now then that’s my thing is like town is different .
You know also America you signals spend more dollars and had more dollars and Thomson Financial. So if I mean if do instead of building a plant in China or Mexico . And I don’t know if this is gonna happen , but this is the thought process of the Asian if they build the plant in Indiana or they built a plan Wisconsin or in Illinois that’s going to be huge . If that’s what happened .
But it can’t. My main point is I don’t know why everyone’s so crazy about this , they talk about it . Look at certain stone . The way the Democrats I hear Schumer David has cancer envoys and it is , though I understand , but if this fails miserably and the deficit keeps going up and there’s no more jobs and there’s no investment in in the United States whatsoever . The Republicans are going to be thrown out on their ass .
And this is a step forward too because it hasn’t happened during the Obama administration were just saying that there is really little okay were investments in business.
Well , actually , you know you know Obama wanted to cut the fed the the corporate taxes down 20% but he can get it done so and there’s nothing he he talked about that for a very very long time. He even thought there was too high . That’s the ironic part then I’m reading today about how Nancy Pelosi and Schumer think that this is the end of the world . When I read some articles , and I would pull tomatoes and sentiment today acres just to show you that they felt this way for almost 8 years they were trying to get it down under 30% and they couldn’t get it done . Okay , so now we now think we went way overboard from where it was supposed to be in their minds , but still they agreed that the corporate tax rate was way too high .
And I agree too. I agree too is just , it has to be about priorities a tax cut is the same thing is government spending . So when you cut taxes economic high if you neglect accessible without cutting spending you lead to deficits and that’s all I’m saying .
Will somebody call in and are you exactly is a 31264 to fit.
We’ll get you back , don’t worry , some I don’t look at is Italian end of there’s better. Are you a conservative if you’re arguing with you conservative . It really doesn’t matter : I I I gave somebody out there is a limit is right behind you need anything I don’t deficit he’s gonna or that down 32 right no when you’re definitely crazy very .
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A trend in Europe and is spread like a virus that American school spanning best friends Chicago’s morning with Dan profit came Jacobson.
Yeah , because it excludes other duties. And I think you get 45 that’s for my limits 5-5 your limit . I don’t have any firm 5 but French Israel where 5 best friends that protect me I protect them and we don’t repeat each other stuff . If you know what I mean that’s a gang .
Those are best friends with weekday mornings starting a 5 and I 5-60 Theatre Highbury sterner founder of towns don’t financial I want answer some frequently asked homework his questions today. First , how much do I need for a down payment they’re one percent downpayment programs currently running as well as programs that will allow you to get the entire downpayment as a gift . We also have programs where family member can put aside for the mortgage in order to help the bar qualify .