On today's show, Glenn Beck, Carol Roth, John Lott, and Liz Wheeler join host Glenn Beck to discuss the upcoming Democratic primary debate between Sen. Kamala Harris (D-CA) and Donald Trump (R-NY).
00:01:07.160Promo code DEBATE and you'll save $40.
00:01:09.300Now, Liz Wheeler joins us on the show to talk about what Trump should focus on.
00:01:13.720We have Carol Roth squashing one of the Harris campaign's biggest lies regarding small business and the growth of jobs and small businesses.
00:01:24.440Also, John Lott is here to talk about the gun rate.
00:01:28.520If you want to hear more of the show, the entire show, including that conversation with John Lott, make sure you download today's full podcast.
00:01:59.260Maybe under the surface there was this globalist monster waiting under the surface.
00:02:05.380But it's there now and it's out in the open.
00:02:09.700Where we are today is wildly irresponsible.
00:02:13.780I would highly recommend that today is the day you start at least gathering the information and making the first phone call to Lear Capital.
00:03:59.700I, I see Kamala Harris coming out as new and improved Kamala Harris now with more joy because it's the only thing that she can hang her hat on, right?
00:04:11.820She is going to sit and gaslight the American public and pretend that she was not part of the Biden-Harris administration, that she was not the tie-breaking vote on all of this critical legislation, which has raised inflation, created massive deficits, and really decimated the middle and working class.
00:04:33.520She's going to try to, to present herself as something completely different.
00:04:38.200I think what Donald Trump needs to do, and this is going to be very difficult for him because when, when somebody hangs a softball out there, he likes to, he likes to hit the pitch, but he needs to stay away from the ad hominem attacks.
00:04:52.420He needs to not take the bait because she is going to be baiting him back and forth, and he needs to stay focused on the economy, on the border, on the U.S.'s standing in the world, and simply hold her feet to the fire for the policies that she has been responsible for, and contrast that to the pre-COVID three-plus years that we had Donald Trump as president and what everybody's life was like.
00:05:40.940Okay, so this is, I think most people know who listen to me on your program, that I'm one of the world's leading experts on small business.
00:05:53.480I heard this thing, this small business applications, and I went around to every group that I know, and I said, what is a small business application?
00:06:04.580Because when I started my business, I didn't have to apply at the federal level.
00:06:09.720You know, certainly, if I had an LLC, so I registered that with the state.
00:06:13.960Some people have sold proprietorships.
00:06:17.280Because we have 33-plus million small businesses, but, you know, that only grows on net, you know, less than a million a year.
00:06:26.180So, how is it possible that we have 19 million new application starts?
00:06:33.300And so far, no one's really been able to give me an answer.
00:06:36.140I have one committee, you know, related to the House Small Business Committee who thinks that maybe there's some information that came from the state census data.
00:06:45.740But I asked them, they're actually having a committee hearing, and I asked them if they could ask the SBA administrator and put her on the hot seat because they're running around touting these made-up statistics to sound like they're some champion of small business.
00:06:59.340At the same time, Glenn, NFIB came out with their small business optimism index today, the 32nd consecutive month that small business optimism has been below the historical average, and that's a 50-year average.
00:07:18.320Well, that's because they fear Donald Trump is coming back.
00:07:26.620I mean, it's crazy because I see this number, you know, of 19 million small businesses, and I'm like, I thought that was just because of all the businesses that they had put out of business, they're, like, starting up new businesses.
00:07:45.000So, I just thought they were taking credit like they do with all the job creation.
00:08:06.720Yeah, I mean, it's something, but nobody knows really what it means.
00:08:11.100It certainly is not a proxy for new small businesses created, which is what they're intimating.
00:08:17.160And we know the number of small businesses, you know, a year ago was 32 point something million, and then it climbed to 33 point something million.
00:08:27.680Unless they're killing 18 million small businesses a year, which, you know, we know that they're certainly trying, but I don't think that they've succeeded in doing that yet.
00:08:37.780But this is an absolute, you know, it's just, you know, spouting off nonsense.
00:08:43.640And they're doing this again and again to gaslight people into things are so great.
00:08:51.240But at the same time, she's coming out and she's tweeting about anti-small business policies like the PRO Act that she said that she's going to put in place, which for people who don't know, that is the anti-gig worker and anti-independent contractor language from California's AB5 taken nationally.
00:09:09.560And they want to kill the gig economy and all the small businesses that depend on independent contractors in favor of unions and big business.
00:09:18.480So it's very difficult to say I am the small business, I am the worker candidate and still be in favor of these things, which is why I equate it to being like McDonald's being pro-couse.
00:09:30.240You know, it is, as a small business owner myself, I look at tomorrow and think if they get in, the regulations, just the regulations alone that are still sitting out there that they want to impose, will just crush small businesses.
00:09:52.000These guys, you know, they used to say that, well, the Republicans are in with big business.
00:09:59.200Well, they were also in with small business, too.
00:10:01.720You know, they had a business attitude.
00:10:13.940And it is honestly like they are trying to impoverish the small business and impoverish the middle class without moving any of the middle class up.
00:10:29.200Yeah, I'm glad that you brought up regulations because, as I mentioned, there's this House committee meeting right now and they came out with a report earlier this year that the Biden-Harris agenda imposed $1.7 trillion in regulations on small businesses.
00:10:46.280And that was before we've had some of these pending regulations go into place.
00:11:03.620You know, we keep hearing this ridiculous phrase, the opportunity economy.
00:11:08.020Well, if you want to create opportunity, you reduce barriers or you reduce regulations, you reduce taxes, you reduce the government being up in your business.
00:11:18.360And you have the government mind their own business so that you can go off and work in your business.
00:11:24.220You know, that is what it is all about.
00:11:25.760I know that our audience is heavy on entrepreneurs and people who have done business for a long time.
00:11:34.860But there's also a younger generation that listens.
00:11:45.720They hurt opportunity because, number one, they're costly.
00:11:51.100Two, you're spending time complying with the regulation instead of spending the time working and growing your business.
00:11:58.500And the challenge is that if you are a big company, if you're the Amazons of the world, if you're the Walmarts of the world, you have not only a whole balance sheet to deal with this, but you have a whole host of people in your company, whether it's HR or whether it's some other administrative function that can deal with these regulations.
00:12:20.980When it comes to small business, the majority, greater majority of small businesses, it's just the entrepreneur.
00:12:27.520So it's one person who's already wearing all of those hats trying to deal with this.
00:12:32.300Even if you have some employees, you don't have the wherewithal, the ability or struggling enough to deal with inflation, finding the right workers, remaining competitive, dealing with cybersecurity and the like.
00:12:46.160You don't have time and you don't have bandwidth and you don't have capital to deal with these regulations.
00:12:52.520And some of them are so onerous that people want to close their business.
00:12:58.000Something that we've been talking about, Glenn, for months now that the Corporate Transparency Act, which is this registration with the Financial Crimes Division of the Treasury.
00:13:07.960I've had hundreds upon hundreds of small business owners and people looking to start small businesses saying that they don't want to, they want to close their business, they don't want to start because they don't want to deal with the asymmetrical risk of having their information exposed or the government coming after them for doing something wrong.
00:13:27.160So because the government is imposing this regulation, which by the way is still in flux, it's preventing these entrepreneurs from taking those risks and creating opportunity, which creates jobs, which creates more dollars in their community, which grows the economy, which is what we need to move ourselves forward.
00:13:48.140This is so obvious, but all they want to do is take away wealth, create barriers, redistribute it, and make it very, very challenging for a small business owner to succeed.
00:13:59.840You, I think it was you, Carol, said, oh, maybe six months ago we were talking and you said, Glenn, most of the stuff that they've done doesn't really kick in until 2025.
00:14:13.240So we haven't felt the full impact of Bidenomics yet.
00:14:23.100So what is it that is coming still that we haven't felt?
00:14:27.320What described next year, just as it stands, um, without any new policies, if we just continued where we are?
00:14:38.820Well, as I said, the House Small Business Committee is doing a markup on seven different pieces of legislation trying to overturn, um, you know, all of, all of these stringent rules for small business.
00:14:52.680This corporate transparency act, we have until the end of the year for that to go into effect.
00:14:58.940If, if there's no delay, which by the way, there's two delay bills and two repeal bills or two repeal bills and seven lawsuits.
00:15:05.660If we don't get that done by the end of the year, then people are going to be faced with compliance.
00:15:10.640And then on top of that, you know, we have the tax cuts and jobs act, um, you know, large pieces of that is expiring and changing the way that small businesses have to look at their taxes and figure out, um, you know, what makes sense for them from a, an administrative standpoint.
00:15:28.300So, you know, and, and, and that's, again, just scratching the surface.
00:15:32.960So, you know, one after another, there are things in the pipeline.
00:15:37.860And then if Kamala Harris were to become president, again, day one, they are going to try to rule by executive order.
00:15:45.260I mean, one of the other things that this, um, you know, department of labor rule, their anti, uh, independent contract rule that went into effect in March, they haven't been truly enforcing it.
00:15:56.700I haven't seen much of the way of enforcement, but if they start to crack down on that, you know, that's something that could kill, you know, all of small business across, across the board.
00:16:06.700Um, so there are just so many different things and it's challenging enough to own your own business.
00:16:13.400As you well know, as a small business owner to not constantly have to be worried about what's the next shoe that's going to drop coming from your own job.
00:16:22.900You're streaming the best of the Glenn Beck podcast.
00:16:26.440To hear more of this interview, find the full episode, wherever you get podcasts.
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