[SPEAKER_00]: So what are the cons?
[SPEAKER_02]: What are the cons?
[SPEAKER_02]: So one, the safety net cuts.
[SPEAKER_02]: Major reduction to Medicaid, what requiring men's ability?
[SPEAKER_00]: We can't just skip over Medicaid because Medicaid helps millions.
[SPEAKER_02]: Millions, yes, millions.
[SPEAKER_00]: Black and white.
[SPEAKER_02]: Yes.
[SPEAKER_00]: And in between.
[SPEAKER_02]: And between, yes.
[SPEAKER_00]: So because we know
[SPEAKER_00]: as a taxpayer that some people sell their kids because they say for example not as in like sell sell but I will give you my child social security for money yeah and then because I've already cleaned the three that's a limit I have six kids these people have a lot of kids that's been spending everything I think it's gonna take the cup yeah
[SPEAKER_00]: It's pretty smooth.
[SPEAKER_00]: Baby poppin' them out.
[SPEAKER_00]: Poppin' those kids.
[SPEAKER_00]: Black poppin' it!
[SPEAKER_00]: Yeah.
[SPEAKER_00]: And of course my skin kinda... Our entertainment, you know what it is.
[SPEAKER_00]: So we're popping them kids too.
[SPEAKER_00]: But he got messed up and then... Easy wasn't really trying to fix that.
[SPEAKER_00]: I don't know.
[SPEAKER_00]: Elon Musk never does anything.
[SPEAKER_00]: I know for his interests.
[SPEAKER_00]: For him to afford his benefit.
[SPEAKER_00]: And then I was realizing that with this big fat ugly girl... He's getting screwed.
[SPEAKER_00]: Let's chill.
[SPEAKER_02]: It's good people, what's good everyone, welcome to chilling with the chapters.
[SPEAKER_02]: Yes, you know, it's your boy Coach LJ, and you know what we're about.
[SPEAKER_02]: We're about breaking down what's really going on in your world.
[SPEAKER_02]: So you can live smarter, stronger, and more prepare.
[SPEAKER_02]: Are you ready for another empowerment episode on today?
[SPEAKER_02]: What's popular on children with the chapters?
[SPEAKER_02]: Like you see them?
[SPEAKER_00]: Yeah, we unpacking the big
[SPEAKER_00]: Beautiful.
[SPEAKER_00]: Yeah.
[SPEAKER_00]: Did I say it right?
[SPEAKER_02]: Yes, big, beautiful bill.
[SPEAKER_02]: Yeah.
[SPEAKER_00]: Also known as the twenty twenty five text bill, which has officially been passed and is now a law.
[SPEAKER_00]: We've going to break down what it really means for your family, your paycheck.
[SPEAKER_00]: and your future in plain, simple language.
[SPEAKER_00]: Not the language that you're hearing from Congress and the Senate and the news, we're going to break it down in simple language so that you understand and know what to expect.
[SPEAKER_02]: And leave me a turn, right?
[SPEAKER_00]: Yeah, that's right.
[SPEAKER_00]: We're going to talk about who wins.
[SPEAKER_00]: And who loses?
[SPEAKER_00]: Because they are going to be winners and losers.
[SPEAKER_00]: Yeah.
[SPEAKER_02]: Always gonna meet.
[SPEAKER_02]: It's always winners and losers.
[SPEAKER_00]: Absolutely.
[SPEAKER_02]: Always.
[SPEAKER_00]: So let's just give a quick summary of this big
[SPEAKER_00]: You, I feel like I have to say big, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful, beautiful
[SPEAKER_00]: They're uping that immigration budget.
[SPEAKER_02]: Yes, they want to get the ice.
[SPEAKER_00]: Hey, want to get the people out of here.
[SPEAKER_00]: Good and not so great.
[SPEAKER_00]: Okay.
[SPEAKER_00]: Yeah.
[SPEAKER_00]: Because, you know, every country depends on immigration.
[SPEAKER_00]: Yes, it has to be controlled to some extent.
[SPEAKER_00]: But if you're just kicking everybody out, you're going to see it hurt your economy.
[SPEAKER_00]: So let's break it all down.
[SPEAKER_00]: How it helps or hurts you.
[SPEAKER_00]: It will do one of the two.
[SPEAKER_00]: Either you, your neighbors and the middle class and folks sending money home like myself.
[SPEAKER_00]: So what's happening so far, Algeria?
[SPEAKER_02]: So the bill passed Congress in early July.
[SPEAKER_02]: Senate on July first.
[SPEAKER_02]: Which was fifty one to fifteen?
[SPEAKER_00]: Can you imagine one vote?
[SPEAKER_00]: One vote.
[SPEAKER_00]: And oh yeah, so the one vote was the deputy president had to cut the title because it was tied.
[SPEAKER_00]: So he was the vice president.
[SPEAKER_00]: The vice president.
[SPEAKER_00]: Well, we say deputy, okay, whatever.
[SPEAKER_00]: Vice President, Vice President.
[SPEAKER_00]: Yeah, he was the, the, the tie breaker.
[SPEAKER_00]: And of course, when you were, he was going to go with.
[SPEAKER_02]: So that means some of the publicants.
[SPEAKER_00]: Yeah.
[SPEAKER_02]: So, so, so many publicants was on the side.
[SPEAKER_00]: Yeah.
[SPEAKER_00]: Three Republicans.
[SPEAKER_00]: Yeah.
[SPEAKER_00]: I believe three or four.
[SPEAKER_00]: Yeah.
[SPEAKER_00]: Because remember, they, they have a slim, slim, um, um, lead.
[SPEAKER_00]: Yeah.
[SPEAKER_00]: So it's just a matter of a few people that will jump ship and
[SPEAKER_00]: And have a conscious, because the surface level looks cool.
[SPEAKER_00]: But when you go deeper, as you're going to find out, it doesn't look so great.
[SPEAKER_02]: And so we know on on on on in the house on July though, which was in eighteen to two fourteen, which was also a slam to God.
[SPEAKER_00]: Very slim.
[SPEAKER_02]: Very slim.
[SPEAKER_02]: They got about about four people and was signed by President Trump on July four.
[SPEAKER_02]: You know, he wanted to end up in the business day in the business day.
[SPEAKER_02]: You don't want independence day gift.
[SPEAKER_02]: Yes, independence they give.
[SPEAKER_02]: So, you know, he wanted to make this big impact.
[SPEAKER_02]: He wanted he wanted this day to be done so that he could do this.
[SPEAKER_02]: Big day on Independence Day, sun is bill.
[SPEAKER_02]: So, it permanently is there's Trump ever task cuts.
[SPEAKER_02]: Introduces new ones, no taxes on tips, over time, which is great.
[SPEAKER_00]: And that was a promise that he made on on on on his campaign.
[SPEAKER_00]: On his campaign, but there is, there's always a butt, right?
[SPEAKER_00]: There's always a butt.
[SPEAKER_00]: There's a, there's a cap to that.
[SPEAKER_02]: Yes, there's a cap to that, where we will learn later on.
[SPEAKER_00]: So there's really benefit us.
[SPEAKER_02]: And also a standard child task credit, which is a good thing, but there's also a bat.
[SPEAKER_02]: A soft cat raised.
[SPEAKER_00]: A good thing, but there's a bat.
[SPEAKER_02]: Finance is bigger ice budgets.
[SPEAKER_00]: That's what I get.
[SPEAKER_00]: That one.
[SPEAKER_02]: and implement safety net reduction in a remitted test.
[SPEAKER_02]: So how are effects the lower and middle class?
[SPEAKER_02]: So what's how do affect the lower field?
[SPEAKER_00]: We're not going to deny that, but like we said, majority of them are selfless levels.
[SPEAKER_00]: really, really look deep into these things because you don't want to be excited by a temporary relief.
[SPEAKER_00]: We want something that's more permanent, right?
[SPEAKER_00]: So for example, the text relief.
[SPEAKER_00]: It's only permanent for individual rate protections, right?
[SPEAKER_00]: So no taxes on tips over time through twenty, twenty-eighths.
[SPEAKER_00]: So it's not going to be forever.
[SPEAKER_00]: It's only while he's in power.
[SPEAKER_02]: Yeah, only what.
[SPEAKER_02]: And that's the thing.
[SPEAKER_02]: You got to consider this bill because a lot of this bill is only until he's in power.
[SPEAKER_02]: And when he's out of power, you're going to see a lot of change.
[SPEAKER_00]: It's going to resort back.
[SPEAKER_00]: It's going to leave a bigger mess that was created by what he did.
[SPEAKER_02]: And then who would get the blame?
[SPEAKER_02]: The next person.
[SPEAKER_02]: Of course.
[SPEAKER_00]: And of course.
[SPEAKER_02]: It was caused by this administration.
[SPEAKER_00]: And we know what was how things are working out right now.
[SPEAKER_00]: The chances are, a Democrat is going to be elected because Republicans.
[SPEAKER_02]: Be patient, even with the Democratic win.
[SPEAKER_02]: the next time be patient with them because desktop and you might see a negative impact because it is bill when the next part of the night is a guarantee that you're going to see a negative impact.
[SPEAKER_00]: The first four years they're going to be cleaning up Trump's mess.
[SPEAKER_02]: Yes, yes.
[SPEAKER_00]: So look at the child credit.
[SPEAKER_00]: Yes, it's going to be increased by a whole five hundred dollars and people are going to be loving Trump for that.
[SPEAKER_00]: But forgetting that it's going to be only
[SPEAKER_00]: four years again until he's out of office.
[SPEAKER_00]: So if that will run, it will, in fact, it will be currently it's up to two thousand two hundred or two thousand dollars per child.
[SPEAKER_00]: Now he's going to raise it to twenty five hundred.
[SPEAKER_00]: I'd guess people are going to get a bigger text return refund for those who are eligible, but for those who are not eligible, it's not going to help them in any ways.
[SPEAKER_00]: But also, don't forget that it's only valid until twenty twenty eight.
[SPEAKER_00]: After twenty twenty eight, we'll revert back to the normal text deduction or text credit, child credit.
[SPEAKER_00]: Another positive is slight, there's going to be a slight salt increase.
[SPEAKER_00]: The limit is that the federal and the state government can deduct from your taxes.
[SPEAKER_00]: So that's going to increase up to thirty thousand dollars.
[SPEAKER_00]: which will help some home owners not all it's especially first time home owners okay and then the fun one that Trump is introducing is something called the baby Trump accounts that is a thousand dollars once haven't
[SPEAKER_00]: child credit, her child to kickstart a savings account, as soon as a child is born, January, first, twenty, twenty, five.
[SPEAKER_00]: So that is first of December, twenty, twenty, eight, any new born born within that time, but one of the parents must be a green card holder.
[SPEAKER_00]: United States citizens.
[SPEAKER_00]: That way they will the child will get that money.
[SPEAKER_00]: We'll actually do a whole episode about that and break it down.
[SPEAKER_00]: But yeah, he's coming up with something called a baby, shampoo car.
[SPEAKER_00]: Okay.
[SPEAKER_02]: You know you gotta stamp his name on something.
[SPEAKER_00]: Everything has to have his name.
[SPEAKER_00]: The downfall of that Trump account is that they can turn around and say, oh, we were kidding and pull it back.
[SPEAKER_00]: Because the children are only able to benefit from this money when they turn eighteen, but they will be penalties.
[SPEAKER_00]: Full access will be when they turn thirty.
[SPEAKER_01]: Wow.
[SPEAKER_01]: Okay.
[SPEAKER_00]: And you can put in money into the account as parents of the child because it's like a savings account that can be put into the stock market for it to grow.
[SPEAKER_00]: Good thing, yes.
[SPEAKER_00]: But it's going to also affect the...
[SPEAKER_00]: The gap between the wealthy and the poor because the wealthy can put in as much money as they can or they want while the poor have no extra to put in because we already know that jobs are compromised right now.
[SPEAKER_02]: So what are the cons so one the safety net cuts major reduction to Medicaid
[SPEAKER_02]: We're requiring men's ability.
[SPEAKER_00]: We can't just skip over Medicaid because Medicaid helps millions.
[SPEAKER_02]: Millions, yes, millions.
[SPEAKER_00]: Black and white.
[SPEAKER_02]: Yes.
[SPEAKER_00]: And in between.
[SPEAKER_02]: And between.
[SPEAKER_02]: Yes.
[SPEAKER_02]: So.
[SPEAKER_00]: So what is Medicaid?
[SPEAKER_02]: So Medicaid is, it's the government is, it's the government funded, your Medicare.
[SPEAKER_00]: So it's for those who don't know.
[SPEAKER_02]: Yeah, so if you made me on SSR, it's for anyone that's not SSR.
[SPEAKER_00]: Don't assume that everybody that's watching is American.
[SPEAKER_02]: SSR is social security.
[SPEAKER_02]: Um, I don't know what to ask them.
[SPEAKER_00]: Sure.
[SPEAKER_02]: Yeah, it's like that.
[SPEAKER_02]: It's dissipated.
[SPEAKER_02]: So it's so Medicaid.
[SPEAKER_02]: It's for anyone that's not a senior.
[SPEAKER_02]: So it's like it cover you if you're not eligible to take
[SPEAKER_02]: Um, the um senior benefits, you know senior benefit.
[SPEAKER_02]: I think they change it.
[SPEAKER_00]: In Beijing.
[SPEAKER_00]: What?
[SPEAKER_00]: In Beijing for pensioners.
[SPEAKER_02]: Pensioners.
[SPEAKER_02]: Yes.
[SPEAKER_02]: So it's basically anyone else they change it.
[SPEAKER_02]: You used to be sixty-two.
[SPEAKER_02]: Then it went to sixty-five.
[SPEAKER_00]: Can you imagine?
[SPEAKER_00]: They want us to die.
[SPEAKER_00]: No, no.
[SPEAKER_02]: Yeah.
[SPEAKER_02]: None of it.
[SPEAKER_02]: Ty is a sixty-seven.
[SPEAKER_02]: We could do a whole effort.
[SPEAKER_00]: Imagine America.
[SPEAKER_02]: We could do a whole episode on that because they realized people are living longer.
[SPEAKER_02]: And so that we don't want the whole thing.
[SPEAKER_00]: But that's unfair because by the time you go to pension, you don't want to be on a walking stick.
[SPEAKER_02]: They don't want on purpose because they know they don't want to be in summer with the security benefits.
[SPEAKER_02]: So the aspect of what the goal is, you pay into the services of the kid or your life.
[SPEAKER_02]: You retire since you two and you only collected for two three years and then you know and then you're all they don't have to pay me they know more.
[SPEAKER_02]: That's the plan.
[SPEAKER_00]: That's the thing is they're going in southern right now with these cuts with this text bill.
[SPEAKER_00]: We might not even get to it.
[SPEAKER_00]: We're contributing into it, but you might not have been injured.
[SPEAKER_02]: My name is Joyce, so they have to push it out to sixty-five and then they have to put their land on it.
[SPEAKER_02]: Well, let's push it to sixty-seven.
[SPEAKER_02]: And as people begin to live longer, it will go to seventy-five.
[SPEAKER_00]: And I think there aren't countries that put retired seventy, you know, countries that work super hard.
[SPEAKER_00]: But America is on top, is right there on top, because in South Africa, retirement age is sixty.
[SPEAKER_02]: Yeah, yeah, so for us it's sixty seven, but you know, in Medicaid.
[SPEAKER_00]: For both men and women.
[SPEAKER_02]: Men and women.
[SPEAKER_02]: Yeah, so Medicaid for anyone that's not at that retirement age.
[SPEAKER_02]: So if you under sixty five, you will and you don't and you don't have Medicare.
[SPEAKER_02]: Do your job or you're not a senior, then you had to go to America and it's for mostly um low income people that normally do last people are you get a medicare free free money they basically free money people having children really free money
[SPEAKER_02]: People have, but I'm saying, people haven't children, you know, get on with it.
[SPEAKER_02]: So you're trying to eliminate.
[SPEAKER_02]: So that reduction to medicate with the work requirements, strict eligibility, you know, so that maybe you have a certain amount of children, you, you get, um, just just like the child's ex credits, you, you can only get that money up to two.
[SPEAKER_02]: So it's not even being published with regulations.
[SPEAKER_00]: So yeah, as a text prepared, we already received some memos that say, we're going to now try to put check because the SSIs are now very important for security, not the SSIs.
[SPEAKER_00]: Social security is a very important now in checking the eligibility of you being the, the,
[SPEAKER_00]: the guardian or the parent of that dependent goes we know as it's actually prayer that some people sell their kids because they say for example not not as in like cell cell but I will give you my child social security for money yeah and then because I've already cleaned the three that's the limits I have six kids these people have a lot of kids that's been spending everything in the country community and it's been like a brand I think it's been to take the cup yeah
[SPEAKER_00]: It's pretty cool.
[SPEAKER_00]: Maybe pop in the mouth, pop, pop, pop in those kids.
[SPEAKER_00]: Black pop news.
[SPEAKER_00]: And of course, my skin kinda... Our entertainment, you know what it is, so we're popping them kids too.
[SPEAKER_00]: So, of course they had to have that limit, because if you come with ten kids, which happens, some people will steam it and say, and people will be popping kids for the same.
[SPEAKER_00]: And people are doing that before they...
[SPEAKER_00]: I made a limit.
[SPEAKER_00]: It was before.
[SPEAKER_00]: It was low limit to child tax curtains.
[SPEAKER_00]: Yeah, it was low limit.
[SPEAKER_00]: Yeah, back in the game.
[SPEAKER_00]: I get the thousand dollars for all your support.
[SPEAKER_02]: But yeah, and that's why they was doing it.
[SPEAKER_02]: That's why they was doing it.
[SPEAKER_02]: That's why they was doing the popular children.
[SPEAKER_02]: Because they were in the eighties.
[SPEAKER_02]: It wasn't a limit.
[SPEAKER_00]: Not even in the eighties.
[SPEAKER_00]: Just a couple of years ago.
[SPEAKER_02]: Yeah, no, but it changed like in the late nineties.
[SPEAKER_00]: Oh, the text prepared here.
[SPEAKER_02]: Okay, okay, you got a point, but I know a change.
[SPEAKER_02]: I thought it changed in the nineties, but maybe I haven't because people would just haven't just haven't just haven't just because they know, you know, there was no limit and you were just going to keep getting away and fair, keep doing this and stuff.
[SPEAKER_02]: And so they just kept you also have the CBO estimates.
[SPEAKER_02]: Ten point nine million Colose health care.
[SPEAKER_02]: Ten.
[SPEAKER_02]: point, nine million people.
[SPEAKER_02]: That's the thing.
[SPEAKER_02]: Yeah, let us say get closure healthcare.
[SPEAKER_02]: And so basically, though, that most like those that are on Medicaid on closed, lose the healthcare.
[SPEAKER_00]: And so which means that we'll have a situation.
[SPEAKER_02]: Yes.
[SPEAKER_00]: You have more people who will be afraid to even go to the emergency room because they know they don't come back with the bill in America.
[SPEAKER_00]: And they would rather die at home because they don't want to be
[SPEAKER_00]: have an extra bill and as it is in America we have a lot of people who don't have medical insurance and because of that people
[SPEAKER_00]: Even if you do have medical insurance, by the way, you still go to see a doctor or you go to hospital, depending on the kind of insurance you have chances are you might come back with a bill.
[SPEAKER_03]: Yeah, high chance.
[SPEAKER_00]: Yeah, high chance.
[SPEAKER_00]: Probably any percent of the chance you'll come back with a bill.
[SPEAKER_00]: So medical insurance of the Americans is kind of low.
[SPEAKER_02]: Is that the best?
[SPEAKER_02]: Yes, it's a joke.
[SPEAKER_02]: But you also have federal deficiency, so which is up to two point eight trillion added to national debt by twenty thirty four.
[SPEAKER_02]: So instead of lowering the debt, it's going to increase.
[SPEAKER_00]: And that's what Elon Musk is fighting with his bestie about.
[SPEAKER_02]: Yes, because they came in to bring down the debt.
[SPEAKER_00]: Well, that's what they were selling us.
[SPEAKER_02]: That's what they were selling us.
[SPEAKER_02]: Yeah, but it's tough.
[SPEAKER_02]: But I always do that because even when he was in office a lot of time,
[SPEAKER_02]: The debt went up, skyrocketed.
[SPEAKER_00]: And then poor Biden brought it down.
[SPEAKER_02]: Yeah.
[SPEAKER_02]: So, but you're going back up.
[SPEAKER_02]: We're going back up.
[SPEAKER_00]: So, and by two points eight.
[SPEAKER_02]: So, all he's doing is that's why he's trying to eliminate something so that he, because he know he want to increase the debt.
[SPEAKER_02]: He want to increase the debt, but so he got it.
[SPEAKER_00]: And so that proves that George was just a big fat lie.
[SPEAKER_02]: Yeah, well, you know, I remember those Elon Musk had to step down.
[SPEAKER_00]: Yeah, but it was a big fact like because it was only for their benefits.
[SPEAKER_02]: Yeah.
[SPEAKER_02]: Oh, yeah, yeah, yeah.
[SPEAKER_00]: He's turning around and calling the whole administration a joke, Elon Musk.
[SPEAKER_00]: Yeah.
[SPEAKER_02]: He called a home administration a joke.
[SPEAKER_00]: Of course he is.
[SPEAKER_00]: Yeah, because it's not something a whole party now.
[SPEAKER_00]: Yeah, you got my member because you heard that he's forming a whole political party.
[SPEAKER_02]: Wow because he got my memory though because he came in right he didn't know he we're trying to fix it But he got messed up and then is he was really trying to fix it?
[SPEAKER_00]: I don't know Elon Musk never does anything I know for his in trying to avoid his benefit and then I was realizing that with this big fat out of the world
[SPEAKER_02]: He's getting, also affecting those, the energy bill as well.
[SPEAKER_02]: So, and because he's an energy company, because of taxis, it's energy efficient.
[SPEAKER_02]: And the thing is, and so you got to understand something, and when he went, we propagate a lot of the Republican states don't care about the solar, or they don't care about the energy.
[SPEAKER_02]: They don't care about it.
[SPEAKER_02]: But Democrat is for the energy.
[SPEAKER_00]: Clean ads.
[SPEAKER_00]: Clean for the next generation of the next generation.
[SPEAKER_00]: We believe that, yes, I said, we believe that climate change exists.
[SPEAKER_02]: Yes, but we Republicans don't believe climate change exists.
[SPEAKER_02]: And so that's why they don't care about the energy or the electric cars and solar, they don't care about that because they don't believe it.
[SPEAKER_02]: Ernest benefit most while the barn on twenty percent lose about seven hundred dollars a year on average and another con is the green energy
[SPEAKER_02]: go back.
[SPEAKER_02]: And this is in on, this is what he's fighting with.
[SPEAKER_02]: Right, we were just mentioned that he is an energy company.
[SPEAKER_00]: And this affects you and your job as well.
[SPEAKER_00]: Yes, this affects you.
[SPEAKER_00]: Yes, so a solo consultant.
[SPEAKER_02]: Yes, so it also affects.
[SPEAKER_02]: So anyone that's want to go solo, anyone that get the energy, task credit for going solo or going, getting a let your car, this is impacting you.
[SPEAKER_02]: And this is what he's fighting because they taken away a lot of the credits they was giving people
[SPEAKER_02]: for going on the clean energy and the lecture cars or solar.
[SPEAKER_02]: And so the elimination of many clean air energy credits may raise energy bills eventually.
[SPEAKER_00]: Well, actually, it's starting to do that because it's alive this month.
[SPEAKER_00]: Energy bill is going up.
[SPEAKER_02]: Yeah, yeah.
[SPEAKER_02]: But the task credit that you used to get, that could be going away the end of this year.
[SPEAKER_02]: So if you was getting a test credit from going energy, clean energy, clean energy, or solar, or even getting electrical electrical, electrical, that could be going away this year.
[SPEAKER_00]: The country has gone to the dogs, literally.
[SPEAKER_00]: So here's one that touches me and just goes straight to my hearts, my mind and my everything because I'm highly impacted by this.
[SPEAKER_00]: Impacts on foreigners, foreigners sending money back home.
[SPEAKER_00]: If you're a foreigner, you're an expert, you are an immigrant, you know that majority of the time, probably ninety percent of experts, immigrants and foreigners, we work in foreign countries to be able to support family back home.
[SPEAKER_00]: And they know that this is our part of our call
[SPEAKER_00]: Life, we split our paycheck to help support families back home who are struggling or don't work for whatever reason.
[SPEAKER_00]: Now, the Trump administration has introduced because I want to say it's going to because the bill has been passed.
[SPEAKER_00]: One percent remittance tax on all transfers is now in effect.
[SPEAKER_00]: So every time I send money home,
[SPEAKER_00]: One percent, I'll be taxed, they'll add one percent on that because that one percent will go to federal government.
[SPEAKER_00]: How will they do that?
[SPEAKER_00]: They will do it through the apps that we're using to send money home and you have no control over it.
[SPEAKER_00]: So look at this way.
[SPEAKER_00]: You are paying
[SPEAKER_00]: Texas already on the money that you've earned.
[SPEAKER_00]: Now, you're going to be paying Texas three times because in America, you pay Texas twice.
[SPEAKER_00]: You paid through federal government and you paid through the state.
[SPEAKER_00]: Now, we're going to pay the third tax through the remittance tax, just insane.
[SPEAKER_00]: One person may look small, but it actually adds up.
[SPEAKER_02]: Yeah, could have more you send the more money it is, yeah.
[SPEAKER_00]: Yep.
[SPEAKER_00]: So,
[SPEAKER_00]: Through this, I mean, though this was actually reduced.
[SPEAKER_00]: Initially, the Chinese twenty five, what did they call it?
[SPEAKER_00]: This project, twenty twenty five, wanted them to, wanted them to charge us five percent, credit dogs, five percent.
[SPEAKER_01]: Wow.
[SPEAKER_00]: What were a penny back home?
[SPEAKER_00]: And then it was negotiated to three point five, and then got only one percent passed.
[SPEAKER_00]: It's still adds up though, because if you look at it, if somebody is sending five hundred dollars per month home, that's about at five dollar extra monthly fee.
[SPEAKER_00]: That five dollars is a huge amount when you send it back home.
[SPEAKER_00]: For example, I'm from South Africa when I send money home, that five dollars is
[SPEAKER_00]: Let me do the calculations.
[SPEAKER_00]: That five dollars is like eighty-seven almost ninety-rands, extra that they take it.
[SPEAKER_00]: From me that could potentially buy somebody's school shoes back home.
[SPEAKER_00]: That money could have supported these families in countries like South Africa, India, Mexico, Philippines, Nigeria, wherever
[SPEAKER_00]: We are, wherever you are as an expert, a foreigner, an immigrant sending money home.
[SPEAKER_00]: Just know that and expect that you're now going to be charged in extra.
[SPEAKER_00]: one percent.
[SPEAKER_00]: So, experts won, even this one percent, or he, these poor crunches hard, reducing vital household income.
[SPEAKER_00]: Because now, if I'm going to be sending one percent extra, am I just hold the one percent extra for the fee?
[SPEAKER_00]: And send you one percent, one percent less at home, which means now, back home, they're getting one percent less of what they usually get.
[SPEAKER_02]: Okay, let's chill this.
[SPEAKER_02]: I'm glad more money stays in your pocket this month.
[SPEAKER_02]: I want to say this month.
[SPEAKER_02]: But if that means you lose health insurance or full support, it's a harder choice than some politicians let on.
[SPEAKER_00]: Yeah, because they're making it look good, but it's actually not that great.
[SPEAKER_00]: Okay.
[SPEAKER_00]: We said in the beginning is a temporary fix.
[SPEAKER_00]: Right, it's like flowers on the top.
[SPEAKER_00]: But when you look underneath, it's actually a lot of maggots and worms.
[SPEAKER_02]: You lose it.
[SPEAKER_02]: We lose it.
[SPEAKER_02]: And that's the sad part.
[SPEAKER_02]: And this is why, you know, this is why we always got a continue to have these conversations.
[SPEAKER_02]: We always got a continue to fight for what we want, you know, because we do hold the power.
[SPEAKER_02]: And we do have to make our voicels harder because, you know, on November.
[SPEAKER_02]: Six, we had an opportunity to make our voice heard.
[SPEAKER_02]: But for some reason, some people didn't want to go out there.
[SPEAKER_00]: They knew what Trump already had to warn us about.
[SPEAKER_00]: Because he told us, this is not a surprise.
[SPEAKER_00]: He told us.
[SPEAKER_02]: Yes.
[SPEAKER_02]: And maybe the other party, maybe they didn't do a good job.
[SPEAKER_00]: They did.
[SPEAKER_00]: People just wanted a racist person because they thought that it was not gonna hurt them, but it's actually hurting all of us.
[SPEAKER_00]: Don't you exactly what they were doing?
[SPEAKER_02]: For us, accept the rich.
[SPEAKER_02]: If you rich and you wealthy, they're not being infected, but those that in the middle class and below, you being impacted with this bill.
[SPEAKER_02]: And let's be real, let's keep it a buck, let's keep a one hundred.
[SPEAKER_02]: cuts to clean energy, cause it affects your job.
[SPEAKER_02]: Yes, cuts to clean energy, courage, gas, and electric rate soon.
[SPEAKER_02]: That's inflation knocking when you thought you caught a break.
[SPEAKER_00]: There's no catching a break.
[SPEAKER_00]: Let me tell you that in this lifetime.
[SPEAKER_00]: Yes.
[SPEAKER_00]: So what can we do now?
[SPEAKER_00]: Can we move forward?
[SPEAKER_00]: Because what's done is done.
[SPEAKER_00]: It cannot be changed.
[SPEAKER_00]: It cannot be blamed for people who go to trade.
[SPEAKER_00]: No, no.
[SPEAKER_00]: It's done.
[SPEAKER_00]: You regretting it helps no one right now.
[SPEAKER_00]: So I would say just to give you, let's give them like five clean tips.
[SPEAKER_01]: Okay, five.
[SPEAKER_01]: Okay.
[SPEAKER_00]: Tip number one, check your paystubs.
[SPEAKER_00]: And these new text breaks, hitting your take home money or pay.
[SPEAKER_00]: And as a text consultant, I would advise you to, if you're seeing that you're going to take maybe less home or it's going to end up making you
[SPEAKER_00]: Pay more taxes and you're not having enough taxes being taken out of your current pay.
[SPEAKER_00]: I would say consult your HRSAP and have them take extra money off your tax taxes because you're going to owe at the end of the year if you don't track your paystubs and to see if enough money is being taken from your taxes.
[SPEAKER_02]: If you are using Medicaid or SNAP,
[SPEAKER_02]: look at your state's policy changes and talk to local non-profits if needed.
[SPEAKER_00]: Because chances are you will be affected.
[SPEAKER_00]: They want to scrap all of that out.
[SPEAKER_00]: They want to limit the people that are getting those benefits.
[SPEAKER_00]: For those who don't know, it's support, you know, our families who are lower income.
[SPEAKER_00]: So, snap, what you call them?
[SPEAKER_00]: No, snap is your... Is it a cold welfare when you get food stamps?
[SPEAKER_02]: Okay, we're fair.
[SPEAKER_00]: Yeah, sending money home.
[SPEAKER_02]: I know, I know, I know.
[SPEAKER_00]: Compare the remittance platforms.
[SPEAKER_00]: I mean, we already do, we try to check who's giving more, who's put petrol pays more, but I think we're gonna do it even more often now.
[SPEAKER_00]: And then budget for that new text.
[SPEAKER_02]: Yeah, budget is very cool.
[SPEAKER_00]: And then...
[SPEAKER_02]: Tell your state reps, you're storing, especially on health care and repentance.
[SPEAKER_00]: As if they care.
[SPEAKER_00]: What are they going to do right now?
[SPEAKER_00]: They're not saying anything.
[SPEAKER_02]: That's why we always talk.
[SPEAKER_02]: We mentioned this before.
[SPEAKER_02]: That's why I'm put to start going to the meaners.
[SPEAKER_02]: If you haven't gone to the meaners, and I'm talking about us as well, it's very important that you go to the meaners.
[SPEAKER_00]: The thing is, you're going to even find time to go to local meetings, let it win.
[SPEAKER_00]: You are really working two or three jobs.
[SPEAKER_00]: It's really tough.
[SPEAKER_00]: I know that stuff.
[SPEAKER_00]: It is tough.
[SPEAKER_02]: But we gotta find time.
[SPEAKER_02]: We gotta try.
[SPEAKER_00]: I know, so that our voices are heard.
[SPEAKER_02]: Because by not going with your voices, they're heard.
[SPEAKER_02]: Definitely not being heard.
[SPEAKER_02]: And so we gotta, first we gotta find out when is the meaning.
[SPEAKER_02]: So that we can start preparing our schedule.
[SPEAKER_02]: Okay, you know what?
[SPEAKER_02]: The meaning is this Tuesday.
[SPEAKER_02]: Let's clear our schedule for this Tuesday so that we can go to this meeting.
[SPEAKER_02]: So we can stop everything for our two hours or whatever, because like you said, we both work on do two or three things, even building a business, but so we need to like, okay, you know what?
[SPEAKER_02]: Just Tuesday, the meaner's Tuesday at seven p.m.
[SPEAKER_02]: Let's start what we, let's start what we're doing so that we can spend that hour or two hours at the meaner.
[SPEAKER_02]: So this is what we gotta do.
[SPEAKER_02]: If you wanna make changes in your community, you gotta begin to talk to your local politician, begin to go to the meaner and let them know what you want, what you're concerned, your concerns.
[SPEAKER_02]: And for now, people go.
[SPEAKER_02]: It's not gonna change just one person.
[SPEAKER_02]: We need everyone in the community to show up.
[SPEAKER_02]: Not just one person that have agreed for, we need everyone in the show.
[SPEAKER_00]: on the lookout because things are about to change and change fast.
[SPEAKER_00]: If it means that you get a new skill, do something that you think in the near future will not be phased out by AI or by these politicians or by inflation, go for it.
[SPEAKER_00]: I mean, I'm planning on doing something as well on the side because
[SPEAKER_00]: You just don't know.
[SPEAKER_00]: And I know one thing that Elgin always emphasizes is getting a side gig, especially with this new text bill.
[SPEAKER_00]: Because as we have heard, maybe we didn't cover it as much, is that the people who have businesses will benefit from this.
[SPEAKER_00]: Yes.
[SPEAKER_00]: There's actually, I believe, twenty percent additional deduction that they're going to get by from whatever expenses that they went into the businesses.
[SPEAKER_00]: So it's a plus for people with businesses.
[SPEAKER_00]: But if you don't have a business and just have a nine to five, and you're doubly to a taxpayer, it's gonna hit you.
[SPEAKER_00]: Especially people who are single without dependence, it's gonna hit you.
[SPEAKER_00]: People who are even married without dependence, it's gonna hit you.
[SPEAKER_00]: The people that's gonna benefit from this text bill right now in the middle class and lower class are people who are, who have dependence, that's it.
[SPEAKER_02]: Yeah, dependents, or you have a son, a suit, or you have a business.
[SPEAKER_02]: That's going to impact.
[SPEAKER_02]: Those are the ones that's going to be protected.
[SPEAKER_02]: Those that have the pins.
[SPEAKER_00]: Oh, yeah.
[SPEAKER_02]: Yeah, those that have the pins.
[SPEAKER_02]: Yeah, those that have the pins, but the rich and wealthy, those that have a business going to be.
[SPEAKER_00]: It's permanent.
[SPEAKER_02]: Yeah, it's permanent.
[SPEAKER_00]: And that's what, that's what the Democrats are fighting about.
[SPEAKER_00]: You're making it for the lower class in the middle class.
[SPEAKER_00]: We actually pay most taxes.
[SPEAKER_00]: Yes.
[SPEAKER_00]: Only temporary.
[SPEAKER_00]: And then for the upper class.
[SPEAKER_00]: It's a permanent text break.
[SPEAKER_00]: The meth is not meth.
[SPEAKER_02]: And this is why I'm for Starnas Sahasu.
[SPEAKER_02]: Now, maybe that's Sahasu will turn to a business.
[SPEAKER_02]: We don't know that.
[SPEAKER_02]: But you start it, you learn.
[SPEAKER_02]: And if you need help, maybe you don't know how to get started.
[SPEAKER_02]: You know, I don't have an idea what Sahasas thought.
[SPEAKER_02]: What business I get into.
[SPEAKER_02]: If you need help, and if you want help, you want to start a business, you have an idea, you may be not on where to go, and what to do, how to start a business, I'm here to help you.
[SPEAKER_02]: Your boy coach LJ, I do have a total of business assets, bootcamp, that will help you to start that business, to structure a business, so that you can take back the power from these politicians.
[SPEAKER_02]: form and you can protect yourself when these things are affect it will affect you if you're just a non-a-five employee.
[SPEAKER_02]: So definitely the link is in the description for the totally business asset bootcamp and you want to start a business.
[SPEAKER_02]: Yeah, I'm your guide.
[SPEAKER_02]: I'm here to help you.
[SPEAKER_02]: I went to
[SPEAKER_02]: school, I learned business, I understand business, I study business as well as I did launch a free business as well and also built a million out of a team, you know, where the company built the team and in generated million out of for my company, now the worker for.
[SPEAKER_02]: So you want to know how to build the business and start a business and structure it the right way.
[SPEAKER_02]: Yeah, come see me.
[SPEAKER_02]: The link is in the description told a business asset.
[SPEAKER_00]: through that end.
[SPEAKER_00]: Final thought is that the spill name promises beauty, but the beauty depends on your lens and where you're coming from in terms of income.
[SPEAKER_00]: Are you lower income, middle income, higher income?
[SPEAKER_00]: Some families will gain and others actually many will lose.
[SPEAKER_00]: Because the majority of the people in this country are middle class and lower class.
[SPEAKER_00]: So immigrant sending money home, we get hit too.
[SPEAKER_00]: Knowledge is power.
[SPEAKER_00]: So watch every video so that people know and understand what's going on.
[SPEAKER_00]: And then act.
[SPEAKER_00]: Don't just sit on the sideline and watch.
[SPEAKER_00]: Do something.
[SPEAKER_00]: You can difference in your life.
[SPEAKER_02]: And like you always say, you know, unlike this, what you always say, you should say, the bottom is too crowded.
[SPEAKER_02]: So let's push off of stuff to get to the top.
[SPEAKER_02]: And let's meet each other at the top.
[SPEAKER_02]: And this is why this conversation is a month so that we could continue growing so that we could continue to, to elevate our selves to the top because knowledge is power.
[SPEAKER_02]: But I like to extend that because knowledge alone is not power, applied knowledge is more powerful.
[SPEAKER_02]: So, after you receive the notice, what you're going to do with the notice.
[SPEAKER_02]: So, it's very important, not just get the notice, but apply the notice into your life.
[SPEAKER_02]: And this is what we hear for us to help you give your game, give you insights so that you also do your own research and then the spin on that notice and then apply it.
[SPEAKER_02]: Let's keep the momentum.
[SPEAKER_02]: We want to ask you to comment on this episode.
[SPEAKER_02]: Comment on the episode.
[SPEAKER_02]: Like this shit.
[SPEAKER_02]: It does help us to reach more people.
[SPEAKER_00]: Big time.
[SPEAKER_02]: Big time.
[SPEAKER_02]: So we don't leave a comment.
[SPEAKER_00]: Nobody sees it.
[SPEAKER_00]: If you leave a comment and like.
[SPEAKER_00]: some people see.
[SPEAKER_00]: Yes.
[SPEAKER_00]: We last used to subscribe to each other with the chaplains.
[SPEAKER_00]: And yeah, like share this video, we really appreciate that.
[SPEAKER_00]: And also, we want to say, you know, Senator people who need to know about this beautiful bill, I know it's just being causing a lot of who are out there and people just don't understand what it is because it's
[SPEAKER_00]: Apparently they're sick so nobody has the time to go through every page we've summarized it so that you're able to at least understand that I just a little bit the major points.
[SPEAKER_02]: So thank you for tuning in we'll and also follow us on the audio we thank you for supporting us on the audio platform if you watch listening
[SPEAKER_02]: Go to the audio supporter for us, leave a review.
[SPEAKER_02]: That also continued to grow on audio side.
[SPEAKER_02]: Did get the downloads up.
[SPEAKER_02]: So leave a review and follow us on over there.
[SPEAKER_00]: Okay.
[SPEAKER_00]: He said it many times to follow.
[SPEAKER_00]: So if you follow, you'll be breaking his heart.
[SPEAKER_00]: Thank you.
[SPEAKER_00]: Take care.
[SPEAKER_02]: Take care.
[SPEAKER_02]: Do this.
[SPEAKER_02]: Peace.