Latest / Project 2028 / We Bombed Iran- let’s Talk About it
Transcript
- 0:07All right, welcome to Project 2028. We have only
- 0:11like four topics today. Elle's kind of out, so
- 0:14we're going to try to get this done pretty quickly.
- 0:16You know, obviously we'll address the elephant
- 0:18in the room, but we have some other stuff, some
- 0:20SCOTUS decisions, salt deductions, rant by me.
- 0:24It's going to be a fun episode. Keep listening.
- 0:37All right, firstly, we have to talk about the
- 0:39elephant in the room. I was mentioning Iran earlier,
- 0:41but actually something bigger for us personally
- 0:44is that we have changed two things. Obviously,
- 0:46it's a new season, so we hope you like the new
- 0:48intro music that you just heard. Elle picked
- 0:52it out, and I think it's very good. And the new
- 0:54logo, which we hope you like. Our old logo is
- 0:56great. It served us well. We thought we needed
- 0:59something a bit more, you know, spiriting. So
- 1:03I took the illustrator for two hours, and that's
- 1:05what I came up with. It kind of looks like the
- 1:07Workday logo now that I think about it, to be
- 1:09honest, but I think it is quite fitting. There's
- 1:11some hidden meaning if you look deeper. So it's
- 1:14small, but you'll see. To kind of segue, any
- 1:17thoughts about the logo or the new intro music,
- 1:19Luchana? I think it's great. I just, I didn't
- 1:22know it took you two hours. The first one I did,
- 1:24five minutes on Canva. I sent it to you now and
- 1:27I said, if you want a logo, this is our logo.
- 1:29If not, you guys make it. Yeah, that's Project
- 1:332028 history right there. Our first logo was
- 1:36great. It served us well. We thought we might
- 1:39need something new, refreshing for a year or
- 1:41a podcast, and so we thought we might as well
- 1:42do it. But to kind of segue into the actual elephant
- 1:48in the room, the conflict in Iran, or no longer,
- 1:52but was, if you were listening to this about
- 1:54a week ago, it would have been. we're just gonna
- 1:57i'm gonna go through a timeline real quick i'm
- 1:59gonna try to do it pretty quickly not to bore
- 2:01you guys and then we're gonna kind of have a
- 2:02conversation but what we think about it you know
- 2:04talk about obviously all the stuff that's been
- 2:07said especially from democrats about constitutionality
- 2:09uh and all that stuff surrounding it so I'll
- 2:11start just with a quick timeline. So June 12th,
- 2:15Israel launches their Operation Lion or whatever,
- 2:18hits all the nuclear sites, killing a lot of
- 2:21the Iranian Revolutionary Guard commanders, which
- 2:24was a big deal because they were the heads of
- 2:25the nuclear program. They had all the information.
- 2:28Iran retaliated with all their ballistic missiles,
- 2:30tons of drones, pretty simple, on June 13th.
- 2:33And this is where it kind of gets interesting
- 2:34because at that point they had kind of been fighting
- 2:37it out for a few days. The Trump administration...
- 2:39On June 17th and 21st, conducted bunker busting
- 2:42strikes on four down in Natanz and Isfahan enrichment
- 2:45facilities, which was what we're about to talk
- 2:48about. It was a huge thing. Trump said he was
- 2:50going to wait two weeks. He didn't. I personally
- 2:52think it was kind of like the Nixon madman approach
- 2:54where he misled the media on purpose, kind of,
- 2:57I don't know, kept people on their toes. But
- 2:58that was what happened. June 22nd, Iran fired
- 3:02at a U .S. airbase in Qatar. We'll talk about
- 3:06that too. On June 24th, more Iranian missile
- 3:09barrages. Kind of, it's been happening. And then
- 3:12on late June 24th, a U .S.-brokered ceasefire
- 3:15began, and there were a few exchanges, but it's
- 3:17been pretty well. Iran's parliament has now threatened
- 3:21to close the Strait of Hormuz, which is a very
- 3:23small place where almost, like, a lot of the
- 3:26oil that fuels China, not us necessarily, but
- 3:29China, a few other countries, flows through,
- 3:31which is obviously very important for the world
- 3:34and the oil prices. So if you're like Saudi Aramco
- 3:37or something, you have a big problem on your
- 3:39hands if you're not able to get your oil through.
- 3:40But that's kind of just the general overview.
- 3:44Luciana, I was wondering just initial thoughts
- 3:46on the U .S. involvement. Well, my thoughts are
- 3:50more I'm not a big fan of bombing. Personally,
- 3:54I just don't think it's like the best solution.
- 3:58And I feel like for us. I don't know. I feel
- 4:01like it was kind of like, are we going to do
- 4:03it? Are we not going to do it? Oh, we already
- 4:05did it. And I know I don't have. Yeah, concrete.
- 4:09I mean, look, my kind of stance on it was before
- 4:12the attack. I believe that we were not supposed
- 4:14to get involved. Then Yahoo said so himself.
- 4:16I thought it was a mistake to get involved, even
- 4:19as the bombs were dropping. The news was dropping
- 4:22about the bombs. I thought it was a mistake.
- 4:25To be honest, in retrospect, there's been obviously
- 4:28minimalization. They kind of did that one thing
- 4:31at their airbase, but they told Qatar, which
- 4:34informed people before. It was very lackluster.
- 4:38I'm not sure why, to be honest, they did that.
- 4:41One breach, no casualties. It was kind of irrelevant.
- 4:45So to be honest, I think in retrospect, it was
- 4:47successful in what it did. And I think it was...
- 4:52I was very skeptical if I didn't believe we needed
- 4:54to get involved. And I think a lot of people
- 4:57did. But I think in retrospect, you know, you
- 5:01see at least a successful mission. I was just
- 5:05going to say, were you surprised by the lack
- 5:07of retaliation from Iran? No, I mean, they've
- 5:11said there's communication issues. Their supreme
- 5:13leader has no telecommunications ability, apparently,
- 5:16because he doesn't want to be lit up by Israel.
- 5:18And rightly so, I would be scared too. It's hard
- 5:22to organize a military attack when half of your
- 5:25Revolutionary Guard's gone. The people who would
- 5:27be responding have already been killed. It's
- 5:29just hard to do that. And I think what I've heard
- 5:31mainly is that they kind of... If the U .S. strikes
- 5:35you, you've got to strike them back somehow.
- 5:36And I think that was their kind of mediocre,
- 5:39not really trying to hurt anyone thing, where
- 5:42they struck the airbase but didn't actually strike
- 5:44the airbase. I think they were just trying to
- 5:45get back on even terms, and that was what allowed
- 5:47a ceasefire to begin. without Iran feeling like
- 5:50they completely scammed out of it. Yeah, that
- 5:54makes sense. And the last thing about this, kind
- 5:57of, is that there's been a lot of talk about,
- 5:59especially from the Democratic Party, that this
- 6:02was unconstitutional, this was an act of war.
- 6:06The New York Times, whether sensationalist or
- 6:10not, called it a war. They said the United States
- 6:12is now a war with Iran when we were dropping
- 6:13bombs on it, which was interesting. They no longer
- 6:16say that. I just want to hear, Luciana, your
- 6:18thoughts. Do you think it was constitutional?
- 6:21Do you think what some of the Democrats are saying
- 6:24has credence that it was unconstitutional? Because
- 6:27I find it quite interesting, just kind of some
- 6:32of the stances they put on it. I don't really
- 6:35know, personally. I think that it was, I think
- 6:41it almost goes deeper into whether or not we...
- 6:44like think this is war or we think this is like
- 6:47what kind of attack or is this more yes i mean
- 6:50that's the that is the question ourselves our
- 6:52ally i think that i don't know if i think it
- 6:56is i don't think it was like an act of war but
- 6:59i also don't think we should have done it if
- 7:02that makes sense i don't know if you get well
- 7:04so like on the policy standpoint we shouldn't
- 7:05have done it but it was legal in the sense of
- 7:08constitutional authority yeah It makes sense.
- 7:13The thing I want to kind of talk about was, you
- 7:15know, there's been a lot of people saying that
- 7:17bombing somebody's nuclear facilities is an act
- 7:19of war. And that makes sense. They said if you
- 7:22bombed the United States' nuclear facilities,
- 7:24we'd almost certainly consider an act of war.
- 7:26And I do agree. Oh, that's fair, actually. It
- 7:29is. But the thing I don't fully get is why when
- 7:32Biden bombed the special forces of Iran, respectively,
- 7:37in 2023 and 2024, that wasn't. Imagine if the
- 7:41Delta Force was training in Canada with Joint
- 7:44Task Force 2 or something, and they got lit up
- 7:47by some drones that Iran sent. That would also
- 7:50be an act of war. So I see it as there's been
- 7:53kind of laissez -faire and enforcement of what
- 7:56we believe is an act of war, especially from
- 7:59both sides. So I find that quite interesting.
- 8:03But that's kind of the last point. Obviously,
- 8:07there's a lot more into it. We'll dive into it
- 8:08next time Elle's on the podcast. That's kind
- 8:11of the overview, my thoughts. Luchana, do you
- 8:13have anything? Yeah, no, I think you made actually
- 8:15a really good point about how if someone did
- 8:17it to the U .S., we would consider it an act
- 8:19of war. And I think that that's something I haven't
- 8:21seen a lot of people mentioning. So I'm really
- 8:23glad you brought that up. Yeah, yeah. Now, Luchana,
- 8:27I think you're going to head up New York City
- 8:29primaries. Yes, I am. So this is something I
- 8:33was very excited. to talk about so basically
- 8:37we had some candidates well obviously these are
- 8:41first of all let me backtrack a little i got
- 8:43too excited this is the mayoral primaries and
- 8:46the three kind of main candidates are zoron i'm
- 8:51gonna butcher we butcher mandani Mandani. He
- 8:55is a democratic socialist endorsed by Bernie
- 8:58Sanders and AOC. Some of his main platforms are
- 9:01like a rent freeze, free buses and child care,
- 9:05city owned groceries and building new like affordable
- 9:09housing units. Then we have Andrew Cuomo. He's
- 9:13a former governor endorsed by Clinton running
- 9:15as a centrist who may shift towards independent
- 9:18during the race. And then we have Brad Lander,
- 9:21a progressive. New York City person who is kind
- 9:25of working to block Kumo. So he's working with
- 9:29Zoran Mamdani so that Andrew Kumo won't. Cuomo,
- 9:34sorry. Cuomo, sorry. I'm so sorry. I'm butchering.
- 9:39No, you're good. I do it to Kamala Harris all
- 9:42the time. It's not foreign. And Ryan, you can
- 9:46jump in whenever you have something. But when
- 9:50I think Zoran Mamdani, he took kind of an early
- 9:53and pretty significant lead on Como, right? Would
- 9:57you agree with that? Yeah, I mean, I love voting
- 10:01systems. It's a very interesting thing in political
- 10:03science. So I can explain that when you're done.
- 10:05Like the Condorcet style stuff. It's very interesting.
- 10:08I actually love to hear about that because that's
- 10:10not like my strong suit, but I do enjoy learning
- 10:13about it. Cuomo conceded on June 25th, but said
- 10:16that he was going to run independently. So still,
- 10:20like, even though he's not a part of the Democratic
- 10:22Party's nominees, he's going to run as an independent
- 10:25candidate. And at the time that I took these
- 10:29notes, the final results were pending. But yes,
- 10:33yes. Can I jump in on the voting? Yes, please.
- 10:37By the way, real quickly, Cuomo hasn't officially
- 10:39declared for independent. I have actually a stake
- 10:41in a markets app. It's not real money that Cuomo
- 10:45won't. So it's a really good deal. I think I
- 10:48got like 15%, whatever. I bet it up to 20. So
- 10:51it was very good. Anyways, I digress. So Zoran
- 10:54Mandani, with just the primary results, and I'll
- 10:57explain how this kind of voting system works,
- 10:59got 43 .5%. Cuomo got 36 .4%. So neither of them
- 11:04reached 50, which means the voting system continues.
- 11:06It's called Condorcet style. He's a French political
- 11:09scientist. He has a lot of interesting papers
- 11:12and ideas out there. He was living just to be
- 11:15like a long time ago. Anyways, rank choice mechanics.
- 11:19They rank the candidates. If no majority, so
- 11:21nobody over 50%, the lowest ranked candidate
- 11:24is going to be eliminated. So if somebody has
- 11:271 % of the thing, whoever they rated second.
- 11:31or whoever their voters all rated second, which
- 11:34are a lot of the time Zoram and Daim because
- 11:36they kind of formed a coalition, it's going to
- 11:38go to that person. And they'll keep eliminating
- 11:40people until there's somebody with 50%, which
- 11:44there always will be because it's ranked choice
- 11:46voting. The interesting thing is no voting system
- 11:48is perfect. There are ways that this is not perfect
- 11:50and where you don't get the ideal result. There's
- 11:52a whole platform in political science about how
- 11:55there's no voting system in the world that actually
- 11:57gets the ideal result. It's not been invented
- 11:59yet, at least. There are some that get close.
- 12:01You know, there's IRV voting and all this different
- 12:03stuff. But it's kind of... This one is a good
- 12:07option out of a few. Obviously, it's a bit hard
- 12:09to adapt, especially as a voter. There are voters
- 12:11who just filled out one. It's hard to know five
- 12:13people. So that's kind of where that comes from.
- 12:17Yeah? Well, first of all, this is kind of a bit
- 12:19of a tangent, but I do think this would be really
- 12:21interesting to do a full episode on. But... What
- 12:24do you think versus just picking like one candidate
- 12:28or ranked choice? I know that there's obviously
- 12:30pros and cons. Neither is perfect. Which one
- 12:33do you think is like better, though? If you were
- 12:36the president making a standardized form of voting
- 12:38for everyone, what would you choose? I mean,
- 12:41look, I think you're talking about first past
- 12:43the post voting, which actually doesn't make
- 12:44any sense. I have a whole rant I could do about
- 12:46how there's actually no post. You need to get
- 12:48more than the other person. But if you're talking
- 12:52about rank choice versus first -past -post, rank
- 12:53choice has been the voting that has kind of transcended.
- 12:58First -past -post voting is the voting that has
- 13:00always happened. People put something down, whoever
- 13:02has the most votes wins. Rank choice voting has
- 13:04kind of ascended, and I think you see it, obviously,
- 13:07in more urban, democratic areas. I personally
- 13:11think... They have their advantages of each.
- 13:14With first -past -the -post voting, you see a
- 13:15ton of consolidation because you can't win without
- 13:17consolidation. There's no point in fracturing
- 13:20a third party. I've talked about median voter
- 13:21theorem probably 1 ,500 times in this podcast.
- 13:24Median voter theorem is the reason why first
- 13:26-past -the -post voting consolidates. Whereas
- 13:28this, you don't really need to consolidate. You
- 13:30just kind of form coalitions. It keeps the candidates
- 13:32much nicer to each other. There's actually a
- 13:34video, I think, on YouTube of candidates... in
- 13:36singing like kumbaya together because of ranked
- 13:39choice voting. It was, it's a very funny clip
- 13:41because they're all trying to get along so they
- 13:42can get your second vote or your third vote.
- 13:44And because that's how you kind of win this election
- 13:46is not by, not by just tearing somebody, everybody
- 13:49else down and trying to almost consolidate all
- 13:52your votes and consolidate the people who are,
- 13:54because they're dropping out, but to be nice.
- 13:56So it encourages niceness. It encourages more
- 13:58people. And I think, I think you see that, especially
- 14:01in primaries as a good thing. In general elections
- 14:04in the United States, it doesn't really matter
- 14:05because there's only usually two, three, four
- 14:07candidates if you include, say, a Libertarian
- 14:10and maybe a Green Party or an Independent, whatever.
- 14:13Max in an election, the Independent and the Libertarian
- 14:15may receive 1 % of the vote total, 2 % of the
- 14:18vote if they're lucky. Obviously, you have weird
- 14:21years where some of them receive like 20%, but
- 14:27that's kind of independent of that. So anyways,
- 14:30basically... If you were looking at a presidential
- 14:32voting standard, I would keep first -past -the
- 14:35-post. It works. Obviously, there's other problems
- 14:38with it that people have talked about. But if
- 14:40you're talking about primaries, I think ranked
- 14:42-choice voting, Condorcet style, is perfectly
- 14:44fine. That's my little rant. That really answered
- 14:48my question. All right. Just a little thing.
- 14:51Trump called him a communist. He's a socialist.
- 14:53But, you know, some of the stuff he says is kind
- 14:55of like, I remember when... Kamala Harris threatened
- 14:58to, not threatened, well, kind of, to, like,
- 15:01stop, like, capped grocery prices, which was,
- 15:04like, kind of caught some people off guard. You
- 15:07know, he refused billionaire donations, which
- 15:09I think helped him a ton. Obviously, you don't
- 15:12have the influx. He promised a $30 minimum wage
- 15:14by 2030, which is incredibly large, incredibly
- 15:17generous when you might have a federal wage at
- 15:20that point. That's going to be like $750 as it
- 15:23is today. Fair free buses, rent freezes. A lot
- 15:25of this is going to be subsized by taxing rich
- 15:27majority billionaire communities in New York.
- 15:33That was his kind of thing. Kind of populist,
- 15:35kind of socialist. You know a mix. That's kind
- 15:37of my take on his policies. Cuomo and Adams are
- 15:40kind of more centrist figures. They're considered
- 15:43right almost in New York. because you can't win
- 15:46if you are next to your name in New York, so
- 15:48they're as close as you're going to get to that
- 15:50kind of figure. Luchana, any other things before
- 15:52we wrap this one up? Sorry, I thought I was going
- 15:54to sneeze. Pardon me. I think you touched on
- 15:59everything. All right. Sounds good. I do think
- 16:03it'll be interesting to see, like, what promises
- 16:07he follows through on, you know? Yes, very much.
- 16:12Some of them I think people will be like... very
- 16:15people are really expecting to see some of these
- 16:17so they'll be very upset if he doesn't but some
- 16:19of them feel not super realistic so i think i'm
- 16:23very curious to know how it goes yeah most definitely
- 16:26a quick thing and then i have my salt rants scotus
- 16:30end of term decisions uh first one mahmoud versus
- 16:33taylor you probably heard about this one it's
- 16:35about parents opting out of lgbtq things based
- 16:39on religious stuff it's more wide than that that
- 16:42was just the specific issue in the case. Ruling,
- 16:44yes, along pretty much lines of where they were
- 16:48elected, or not elected, but appointed. Justice
- 16:51Alito emphasized, you know, the parents' longstanding
- 16:53rights to direct their children's religious upbringing
- 16:56and reversed, like, basically said you have to
- 17:00notify the parents in advance and allow them
- 17:02to opt out if they feel that they would need
- 17:04to do so. That's kind of, yeah. I think this
- 17:07is very interesting. I'm so sorry I cut you off,
- 17:10but... No, you're good. I was just about to transition,
- 17:12so please. I think you can almost see, like,
- 17:14if you've been listening to some of our other
- 17:16episodes where we talked about the Ten Commandments
- 17:18in schools, I think it's interesting that parents
- 17:20can say, no, because of our religion, we don't
- 17:23want our child learning about these things. But
- 17:25if you were Muslim or Jewish or your family wasn't
- 17:29religious... Muslim and Jewish, I'm pretty sure
- 17:31both of them do follow the Ten Commandments.
- 17:33Okay, if you were not, like, a Christian branch,
- 17:36if you... Let's say you were religious. Sorry,
- 17:39Ryan. No, you're good. And you don't really want
- 17:42your child seeing the Ten Commandments in the
- 17:44classroom. I think it's kind of interesting that
- 17:46you couldn't opt out of that, but you could opt
- 17:47out of this. That's just my two cents, but...
- 17:50Yeah, I mean, that makes sense. I think, look,
- 17:53you're not forced to follow the Ten Commandments
- 17:55in class. Obviously, also, by the way, Muslims,
- 17:57they don't follow the Ten Commandments almost
- 17:59the same, but they do have basically the same
- 18:02things in the Quran. But, like, you know, I see
- 18:06that as, obviously, if you're going to... push
- 18:09something anything I think also that this case
- 18:12and I'm pretty sure would allow if you're going
- 18:15to teach about the Ten Commandments like explicitly
- 18:17teach not just put up a sign that says like don't
- 18:20steal and like don't lie if you're going to teach
- 18:23about them I think it would allow parents to
- 18:24take their kids out of class for that because
- 18:27this is more of a wider case than just LGBTQ
- 18:30storybooks obviously it's kind of more you know
- 18:35about the ruling of the fourth circuit and just
- 18:37in general the case so that's kind of where i
- 18:41would see that with that uh specifically um we're
- 18:45trying to give any other thoughts on that before
- 18:46i move over to uh one of our favorite cases that
- 18:50was just my quick little tidbit trump versus
- 18:54casa et al there's a lot of people it's a class
- 18:57uh it's they're talking about class cases um
- 18:59do federal courts have the under the Judiciary
- 19:03Act of 17, I want to say 80, 87, 89 maybe, to
- 19:09issue universal injunctions that blocked government
- 19:12policy nationwide. The answer is no. District
- 19:15courts or federal courts in general do not have
- 19:20the injunctions because they likely exceed the
- 19:22court's power. and must be limited to the parties
- 19:25just before the court. This is basically just
- 19:27if you go to a district court and you ask for
- 19:29an injunction, does it apply to the whole United
- 19:31States or just you and your little district or
- 19:34whatever? Justice Barrett had a majority opinion
- 19:36saying that the government's applications to
- 19:38partially stay multiple nationwide injunctions
- 19:41is against the Judiciary Act of 1789. So I think
- 19:46you see that. This is one of the biggest cases,
- 19:49to be honest. It does allow for the birthright
- 19:51citizenship thing to be temporarily allowed.
- 19:55Luciana, thoughts on the case? I think that one
- 19:59of the most... Okay, I don't really know how
- 20:01to explain this. I'm probably going to sound
- 20:03really stupid trying, but I feel like... I don't
- 20:08know if you agree, but I feel like... I don't
- 20:11really know how to word this. I guess... I think
- 20:15you hit everything I wanted to say. I want to
- 20:18hear it, please. No? Okay. Very much. Okay. Concurring
- 20:26where all the conservative justices are dissenting
- 20:28was just Sotomayor and Jackson wrote the opinion,
- 20:32kind of warning of a weakened judicial system,
- 20:35especially in federal district and appeals courts.
- 20:37Random stuff. You know, lower courts in the 1st,
- 20:394th, 9th circuits must now narrow their injunctions
- 20:42because they just kind of were ruled to have
- 20:45overstepped their bounds. Pretty simple. That's
- 20:47kind of going to end us. Those were two big cases
- 20:49I wanted to talk about. Luchana, do you have
- 20:51any cases that are particularly interesting?
- 20:53I think those were my main two as well. All right.
- 20:58Just kind of a quick talk about the big, beautiful
- 20:59bill. Right now it's in the Senate. Odds of it
- 21:02passing in June fell from 62 % to 37 % last night.
- 21:07I got a notification on my watch this morning.
- 21:09You have SALT provisions, which is something
- 21:12that's been marked up by the House and then the
- 21:14Senate and then the House probably again and
- 21:16the Senate and the House and the Senate because
- 21:18it's kind of a point of interest. It's a bipartisan
- 21:23thing, but it is kind of... So basically, I'm
- 21:27going to just set the scene. Salt deductions,
- 21:28state and local tax deductions. If you already
- 21:30pay your state and local taxes, it's how much
- 21:32of that you can deduct from your federal taxes.
- 21:35The higher your salt deduction is, the less income
- 21:38the federal government takes because it means
- 21:39you can deduct more from your taxes. It is being
- 21:41marked up in the Senate Finance and Budget Committee.
- 21:43There's obviously some other provisions I'll
- 21:45just talk about that are under debate. $500 billion
- 21:47in green energy investments, some infrastructure
- 21:49funding, child care tax credits, business tax
- 21:52cuts, all that kind of thing. But to go on salt,
- 21:55you know, pre -17, there was no cap. You could
- 21:58do large deductions in high tax states. I live
- 22:00in a high, we all do, in Illinois. But New York
- 22:03is another big one. Michigan, I think, is another
- 22:05big one. All kind of the big tax states. Now,
- 22:07you're going to see a lot of Republicans don't
- 22:09come from these big tax states. A lot of them
- 22:11have little or no income tax in their respective
- 22:14states. But a lot of Democrats come from urban
- 22:16areas where there are high taxes. New York is
- 22:19one of the biggest ones where your election campaign.
- 22:22is mainly focused on these kind of salt deductions
- 22:25because people are wealthy or even not wealthy.
- 22:28It doesn't really particularly matter because
- 22:30if you pay more than $10 ,000 right now, post
- 22:34-2017, there was a $10 ,000 cap kind of hitting
- 22:39upper -middle -class income earners. So if you
- 22:41paid more than $10 ,000 in, say, local income
- 22:43taxes, you would get $10 ,000 reduced from how
- 22:47much you'd have to pay the feds, which was nice.
- 22:50It was a big thing in New York. Obviously in
- 22:53Illinois, California, where these taxes from
- 22:57state and local authorities are much higher than
- 22:59they are in the rest of the United States. But
- 23:02now you have kind of a bipartisan caucus. This
- 23:04is my rant, sorry. Coming together, blue and
- 23:08red, pushing the cap up to $40 ,000, or they
- 23:11say they won't vote for the bill in the House.
- 23:13Then they voted for it. It's called the SALT
- 23:14Caucus. Some Republicans are split. Some want
- 23:18the 2019 sunset. Some want to curb other costs
- 23:22to offset it. Democrats are largely opposed because
- 23:26they see it kind of as a wealthy tax break, but
- 23:28there are Democrats that see it for their districts
- 23:31particularly as something of key importance because
- 23:34a lot of their voters kind of want bigger ones.
- 23:37Pretty self -explanatory. So right now it's getting
- 23:39marked up in Senate. It will probably stand sent
- 23:42back to the House. If the House doesn't like
- 23:44it, we may never get a big beautiful bill. But
- 23:46hopefully the bill can be passed before their
- 23:49July 4th deadline. We will see. But the salt
- 23:51relief will continue to be one of the biggest
- 23:53parts of the bill. And I just kind of wanted
- 23:54to talk about that to explain it. Yeah. I think
- 23:59you did a great job explaining everything. All
- 24:03right. So just kind of quick recap. Iran, New
- 24:05York City, New York City, Maryland, SCOTUS, big,
- 24:08beautiful bill, a lot of different stuff. Thank
- 24:09you for listening today and go true. Bye. to
- 24:26this episode of Project 2028. If you liked this
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