＂$928 Million To Nonprofits＂ - Steve Hilton NUKES Newsom's $425 Billion SCAM
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Summary
In this episode, we talk to California Gov. Gavin Newsom about his proposed budget for the upcoming session of the California General Assembly. We talk about how he would like to reduce taxes for those making less than $100,000, flat tax rates, and eliminate the 13.4% flat tax.
Transcript
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You said you want to lower taxes for those making under $100,000 to zero, okay?
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State income taxes, which is a good amount to zero.
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So I looked up with Rob and I what percentage of Californians make less than $100,000.
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And I said, tell me how much revenue the government collects from these folks, which is mainly the 17 to 75 percent that make less than $100,000.
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It's about $12.5 billion to $25 billion, low, high on how much income revenue they collect.
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By the way, that's not a controversial policy because Katie Porter duplicated you.
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Other people want to do the idea that you impose.
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Then you want to lower the 13.3 to 14.4 that they have right now to seven and a half flat tax, which is a flat tax that you're introducing, which a lot of people that are independent, libertarians, Republicans would say, hey, we love the idea of a flat tax, right?
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If you cut the tax, flat tax, you end up taking the revenue that they're collecting, about $120 to $129 billion of revenue from income tax, they lose another $65 billion.
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So if we go and we eliminate under $100,000 and then you lower the $13,300 to $7,500,000, you lose another $60 to $65 billion.
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So now you've got $75 billion of revenue that's gone, give or take.
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Where are you going to take the $75 billion away?
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with um i was for a while when we moved here uh 2012 i was at stanford teaching at stanford for
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a couple of years and i was also a fellow at the hoover institution so i worked with some of the
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people i knew there some of the economists to do a basic costing and our number was i think 65
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billion for the whole package so was that 10 years ago it was last year oh it's last year so if you
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do less than 100 so we so that's that it's right it's a big it's a big number and the other the
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other way of looking at it was i remember when we did the math this is last year we have we haven't
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actually updated it for this year's budget but when i because i didn't want to say something
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crazy and unrealistic of course yeah but by the way this is a great idea but where does that money
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what takes a hit so we had a we had a revenue reduction of 18.5 percent that was that was
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at the time when we did that costing for last year's numbers that was roughly what it was
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and and here's the way i put it this is not some crazy thing this is taking the budget back just
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a couple of years to roughly what it was before the pandemic. Remember, they've nearly doubled
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the budget. The budget this year that Newsom submitted, $350 billion. Can you go to California,
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budget lasts 10 years? It was $180 billion not that long ago. It depends where you look at it.
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Yeah, there you go. So it went from 2017, 2018, $124 billion to $250 billion.
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That's the general fund. And then there's these other, the total budget includes these special
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funds bond and things like that so you get 350 billion is the total so i think the the comparison
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is 180 to 3 and nearly doubled 180 billion what should he put there so we can look at that instead
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of saying general total budget put total budget rob total budget there you go so 350 billion is
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what they proposed this year and you go to 2017 2018 177 billion exactly doubled in less than 10
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years right and everything's worse i mean really that's not an exaggeration some political statement
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everything's worse you mentioned homelessness you could get run down the list um i mean i don't even
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want to do it now because i want to get to this point about the budget in other words it's just
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bringing it back to some level of sanity um so there's a there's a general point that they've
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double the budget and everything's worse surely we can do better getting specific about it the
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first place you look of course is this phrase that's become very well known rightly so fraud
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waste and abuse when you get specific so at the beginning of this year i set up something basically
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as part of our campaign it's a volunteer thing it's not an official we're not i'm not elected
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yet cal doge california department of government efficiency borrowing the um borrowing the uh
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exactly so so we we um set that up that there you are and so we've done a number of fraud reports
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and there's a couple of specific ones we can get into but i'll start with the total we made an
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estimate our fourth fraud report was an estimate of the total fraud waste and abuse in the last
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five years we looked at it over five years because these programs often have that kind of lengthy
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characteristic to them our estimate based on published data so a combination of things like
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the state auditor report that says 24 billion dollars of homelessness spending was wasted
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um medical error rates etc etc we looked at all this published data our estimate for the total
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71 cents another the 63 it's just gone from 61 to 63 the gas tax gas tax in california yeah so
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can you type in top 10 gas highest gas taxes in america by state so it's amazing what california
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yeah it looks like he's going to be my opponent in the general election 71 cents oh that must be
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including something yeah trust me i'm trying to help californians so much that i follow the
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numbers super closely yeah why would i think 61 to 63 that's maybe it's better it's higher now so
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it could raise in the last 24 hours yeah um he always says this steve if you cut the gas tax
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how are you going to pay for roads because that's where it's supposed to go well first of all we
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have the highest gas tax and the worst roads on one some of the measures on one measure we're 49th
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out of 50 on roads there's another where we're 50th um i was talking to a contractor i talked
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to business owners the whole time she this lady runs a big company doing public works construction
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builds literally builds roads she told me it they operate in multiple states it costs four times as
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much to build the exact piece of road in california as in texas four times as much so that's not what
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you would call so when when you look at this the 425 billion dollar number for fraud waste and
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abuse. That's specific programs where you can literally find things that shouldn't be spent at
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all. For example, actually this connects to the gas tax. There's a program that's been running
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for over 10 years, started in 2015. It actually gets money from the, not necessarily the gas tax,
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but the cap and trade system for part of their climate policy, some climate change mitigation
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fund or whatever so but it's basically from your what you pay for gas and it's in this program was
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supposed to install um solar panels on low-income apartment buildings 100 million dollars every year
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since 2015 so 1 billion dollars total been spent we we looked at where that money's gone
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of that 1 billion dollars actual spending on solar panels 72 million 928 million going to
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these non-profits this this one exactly um uh going to you know democrat non-profit environmental
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justice campaigns all this bullshit and so that's an example of out now that just shouldn't happen
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just stop it stop spending that money the roads is not even included in that 425 billion total
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the 425 billion estimate over five years roughly 85 billion a year is things like this the fact
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public money, so you have to do prevailing wage,
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She runs a small independent winery, wine country, Sonoma.
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She told me she just wanted to expand her patio for more guests,
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Fees, permits, environmental reports she had to pay for, all this.
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oh yeah i've got one like that that just everything is layered on to make it so expensive
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and so that's why that budget is so high because everything costs so much because of this
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insane over regulation and a lot of it is driven i mean if if if you ask me that where's the
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real cost and hassle of doing anything in california comes from come from basically over
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the years i've been studying it now and traveling the state and meeting businesses and and regular
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people it's really there are three underlying drivers the unions we've mentioned them the
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uh the second one is litigation lawyers endless lawsuit costs huge litigation everything's a
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lawsuit like there's an estimate that insurance policies for example that's one of the big issue
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one of the most you know annoying things for people you can't get insurance so it's so expensive
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the fair act or you sound like the insurance homeowners insurance leave regular they've left
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that the insurance companies have to deal with.
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to describe how excessive litigation and legal system
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abuse infiltrate insurance premiums raising costs.
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or else what's the point of being in the state of California?
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