and my one of-a-kind, one-legged mike rowe works action figure was, in fact, delivered to my office by a guy on a bicycle. point being, it's not just trucks and trains and ships and planes that handle all of our cargo; it's anything with wheels or wings or rudders, and a couple million people who make it all work. companies like watco are hiring all the time. opportunities in the cargo industry are exploding. you can check 'em out at mikeroweworks.org, along with a few million other great jobs waiting to be filled. that's mikeroweworks.org. i'll see you next week, and you too. larry: hello, folks. welcome to kudlow, i'm l arry kudlow. so tax cuts, deregulation, drill, baby, drill, secure border, democrats seem to think they are inflationary

policy. i don't think so. first upgrad up, our own grady trimble. business leaders like what they are hearing. reporter: they do, the trump campaign say its raised 12 million dollars at a single high dollar tech fundraiser and more than 33 million dollars over the former president's 4 day trip out west. last thursday night, an events was packed with silicon valley heavyweights eventure capitalists -- venture capitalists. the along with a whole host of others, a packed room, this is the latest example of former president trump courting groups who may not have traditionally supported republicans senator jd vance was in the room, he used to work in tech.

he says politics in silicon valley are changing. >> you did have an amazingly large number of people who were either you know centrist sitting out 2020, there were a number much joe biden donors in 2020 who are now supporting president trump in 2024, i think you are seeing a lot of shift. reporter: later this week former president trump will take his message of lower taxes and deri deregulation to executives from powerful companyings in world, at business round table quarterly meeting, they invited president biden as well but he will be traveling t the g7 in italy. for its party biden campaign said it is confident in its fundraising operation but the former president is trying to win over the, community as the economy is

top issue for voters, he seems to have some success so far. larry: he is closed that money gap. grady trimble thank you very much. >> all right. the trump agenda is not inflation ar that ary, the "new york times," a long piece has now officially decided that real inflation is donald trump and his policies. there is virtually no numbers in the piece. let's review for a moment. over trump's 4 year term level of consumer prices rose by a 7.7%. for his entire term. which comes to 1.9 percent annualy. meanwhile during joe biden's nearly completed term, so far, the level of consumer prices rose 20%. or 6 .1 percent annualy, president trump pledging to

reprise his successful first term economic policies of drill, baby, drill tax cuts, deregulation and punishing unfair trade tras, why would the same policies generate high inflation in second term, "new york times" takes biden view. inflation was trans fo transitory and caused by putin and covid. with near record peacetime spending as a share gdp with relatively low 4% unemployment rate, and a still stubbornly high inflation rate. now, even john maynard keynes would rollover in his grave. woops, times forgets to mention, that article does mention that the u.s. is

producing oil at roughly 13 million barrels a day, that is where we were under trump 5 years ago. we should be running it 15 or 16 million barrels a day, but for the fact that biden has put the clamps on federal dealing and exploring a in alaska, new mexico and offshore. we were energy dominant today instead of relying on our enemies like russia and iran then oil prices would be closer to 40 bucks than 80, and oil cost impact hundreds of every day consumer goods. and health care services. which would have a profoundly disi disinflation's impact on the economy. bringing down personal interest rates and borrowing costs on the way, times concede this deregulation lowers be cost but their biggest mistake of the trump tax cuts, the factory --

remains lower marginal tax rates, increases production of goods, raise real wages. those are all counter inflati inflationary, when more jan -- margin all-tech rates were slashed under jfk and reagan and trump, inflation never uttered a serious peep, not all tax cuts are the same, the times misttemporary tax credit to spur one time consumption spending would be inflationary. because there is no supply affects from business. but permanently lowered tax rates create insensitives to produce and invest, that could lower inflation in many, many cases, then the times suggested that biden's open border catastrophe -- hang on it is really a good thing because it lowers wages. well if there is a scintilla

of truth to the wage reduction, that is one heck of a price to pay for blowing up sovereign boundaries with criminality, alongside so second -- sex and drug trafficking. am dataing is the that foreign jobs are skyrocketing with very low. . closed borders would enhance native born jobs that assumes government benefits don't interfere. on the question of tariffs, the times continues the myth that tariffs always cause high are inflation even though the evidence shows that inflation did not rise during the trump tariff increases on china's unfair trading practices. look, consumers can boycott tariff goods and services if the price is too high or china has to slash the

prices of its own tariff goods. the marketplace provides offsets and don't forget, trump had tariff reductions or tariff barrier reductions with places like south korea, australia and japan, that lowered costs, we should have learned that some old line economists are too high bound to understand that solving unfair trading practice is an issue by itself, not related on inflation, principal cause of inflation -- principle cause of inflation, too much money chasing too few goods joe biden massive spending and fed's enabling of that spending is the real inflationary problem even while regulatory and tax threats have smothered business production. trump is suggesting his successful economic policies can be repeated if he is reelected. you know what, there is no

empirical reasons to doubt him. all right. that is my riff. let's chew on this. chew on the "new york times," whatever. joining us now david malpass, former president of world bank group and art laffer, former reagan economist, art you get the first wham, timings decided that trump's policies are inflationary. do you read the "new york times" of day, art laffer i ask you. >> of course i do larry. i read the french edition of it, i love it. just i can't miss a page. paul. it surprises me that you know during biden with the illegal immigration, that came in, we had hyper inflation, 20% increase in

prices. now they say if you get them back, send them back to their homelands, to where they should be it will cause inflation. i think it is the reverse logic. when you talk about, that i don't know if you saws greg manqu 's quote. drilling will have little affect on oil -- no, it won't, will have a huge affect on oil prices, and huge on inflation, this is what we need. the other one that he said tax cuts came in, you know, with kennedy and with reagan on the tax cuts and inflation you missed hardy and coolidge, they brought inflation way down. i could go on and on. i'll take all of david's time and he has more important stuff to say. but you know, "new york times" article embarrasses themselves today, on that thing, it is just reverse.

just like they are criminal stuff, you know they decry the crimes they commit that is what these papers are doing. larry: david, i think it is interesting, i don't think if i said as clear as i might in the riff, but reality is, you can't have it both ways as art suggested on open border and really all call them the evils of an open border illegal immigration. you can't say on the one hand, closing the border kept inflation low under trump but opening border caused skyrockets inflation under biden, now if you send them back and deport them. >> trump is talking about deporting criminals. which has to be a good thing, i don't care what the economics are. you can't have it both ways. >> that is right, i think that reaching around for because the inflation problem is such a huge problem, the affordability is hitting everyone. they try the transitory idea

and the idea that it is trump's fault is the latest one. shrinkflation. and so on the border, you know, if you look at it and say did anyone get a job? yes. did they produce something? yes. >> you to say what might have happened if borders had been closed, everyone would be better off. larry: follow that line, that is important line. and i don't mean to interrupt, just this point. ment t, the employment to population ratio, historically very low, the peak was years ago around 2000 about 64% plus, today it is 60. there is room if government benefits don't interfere for natis native born people to take the jobs. >> economics is not able flow duke how many of those would be jobs we know that people are crowded out of

jobs and the economy ask not operating the same way, what is happening is kind of a static analysis of saying if nobody changes any behavior this is what would happen, we have a clear choice. trump is saying, i want more production, more growth that will pull down inflation and i want to do it with tax policies that make sense biden is proposing, i think people missed a little bit important of this point two major tax increases, i think they would be biggest in history one allow and cause that trump rates to expire. that will hit everyone and he says well i won't hit people under 400,000, he will hit people across the economy it will be expensive his way, then addition to that, i don't know if you saw february budget on paper pro prosed can cretely taxes that go to capital gains, a

proposal to be retro active on tax increase, they have a proposal that would hit unrealized gains, it is very -- >> wealth taxes. >> that is where they want to go and effect on business community is less investment and less jobs. larry: arthur. the old saw, you could have a temporary demand size tax cut. a tack credited, democrats have used tax credits to so call fine-tune demand or co consumption for decade that buys you a couple of months of spending you don't pr produce the goods to offset it therefore the price goes up. right? your point is, if you have same amount of apples, do through our apple, time for us to have an apple of you're your eye. >> key is taxes tax credits are not what you want you want take rate reductions

that is what trump did. you have rate reduction from 20% on corporate, i think 34 tow downtown to 21, and you got. >> we lost him. maybe we'll get him back, play, i want to play trump sound from las vegas. as he lays out his plan. >> you know, people are saying to themselves were we better off 4 years ago or now, it wasn't even close, we had the greatest economy in history, what we did in taxes no one has ever done even ronald reagan gave a big tax cut, the biggest tax cut, and biggest regulatory cut, inch of happy, now they see this person -- everyone was happy, now they see this person he us know know he is alive. larry: he is making the case, just if you step back. acknowledge that there was virtually no inflation during the trump years.

i think what did -- >> it i 8 perspir ye%, per year for 4 years. >> and under biden. it has gone up 20%. 6.1 percent annual rate, if trump repeats policies that worked force time -- first time david malpass, it helped working people, it helped inflation and drilled more, why wouldn't it work a second time that is the question that times does not have common sense to ask. >> it would work more quickly than people realize, you your opening segment said that trump is playing well to business community, also playing well to working community, they know if washington takes more money, that will come out of their pocket one way or the other. and so, his in las vegas he

said, i don't want to tax people's tips, he is making the directal point -- directal point, and biden challenged that said climate change is an existential threat, i will pay no matter how much money, meaning how many solar panels do you want to put in. larry: we'll hit that another time, we're running out of time. there is no common sense to it. you are right. the thing about not taxes tips, will wind up being very important. the seiu union or whatever it called they may hate donald trump but rank and file will love him, he unleashed that there in las vegas where they have a lot of service worker, thank you art laffer, i think his technology went down. and david pa malpass. >> on kudlow, democrats are slamming israel for saving

their own israeli hostages, that is incredible. brave israeli soldiers, finally got some hostages back. and democrats and left wing media and all of washington and u.n. are yelling at israel. how about that for stupidity? we have claudia 10y and cory mills -- claudia tenney and cory mills, two hous ♪ limu emu... ♪

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larry: after a daring israeli hostage rescue operation, guess what, democrats, u.n. and libr liberal media blaming israel for rescuing its hostages. reporter: good afternoon, it is remarkable story. as u.s. secretary of state antony blinken arrived here in israel to discuss possibility of ceasefire with hamas, antony blinken on tarmac in cairo took a few questions from reporters saying that israel is onboard with an agreement, it is up to hamas to make a decision. >> only party that is not

accepted, that not said yes is hamas. that is who everyone is waiting othat is who the palestinians in gaza are waiting on. reporter: his visit comes after a daring hostage rescue this week that brought 4 israelis home, you can see in video, special forces working their way through tral part of gaza strip, engages hamas gunmen outside of this building before making their way inside and identifying three israelis who were held in this structure. after securing hostages israelis came under rpg and small arm fires in streets of refugee camp for israeli, a successful mission, a moment o hope, nearly 300 people mostly civilians were killed during the operation, as we gather more information about raid there was a large political shake up overnight, two members of

israeli ca war cab note lecabinet left the u. israel government. larry: thank you, trey. for more on this whole story. bring in new york congresswoman claudia tenney, florida congressman cory mills, claudia tenney why would anyone believe a hamas estimate of casualties, so many of these palestine civilian casualties are armed by hamas and helping hamas and israel had a daring hostage rescue and virtually the whole international community and democratic party and the liberal media blamed israel. okay, blamed israel? for rescuing their own hostages, explain it to me, i'm too old, i can't understand the world as it

is now help me out. >> i can't either. this is the most reverse psychology maybe but, any time hur word ceasefire that is code for insisting that israel surrender after being unmercilessly attacked people murdered and hostages, they don't tell you that 3 of those hostages were in the home of an al jazeera reporter, we know they have tied to terrorists, none of the numbers would come out right, god knows why the democrats keep sides with terrorists when we need protect and preserve israel, our last line of defense against radical islamic terrorism and democrats are concerned about their face, if they lose, rashida tlaib's district in michigan, that very well-being put president trump over the top and he will win the election, in the end not about israel or

peace or the world it is about politics and power, that assault the democrats -- that is all that the democrats are about under this current leadership. larry: looking at poll after poll, 65 percent of american voters favor the israeli cause. and this shows up with roughly same percentage of americans who are opposed to the wave of anti-semitism that broke out on all of our college campuses. and so forth. in other words stupidity of international geo politics is one thing but of dommestesque politics -- stupidity of domestic politics, they may win a couple of votes of rashida tlaib or whatever here name it they will lose a ball of wax. >> that is right. you think about it what joe

biden is pandering is 13.2% ofs uncommitted votes that rashida tlaib had pushed over 100 thousands individuals. he also looking at the radical lies structure of what is happening on the school campuses and whether or not he can try to get them to vote for him as he utilizes israel and congressionaly appropriated funding as a mechanism to try to win votes this is part of quid pro quo, let me comment, as u.s. term combat seveteran, i can tell you what idf has done is nothing short of a heroic and harrowing rescue, they went through two individual structures, not only fighting their way in, but successfully without injury getting out 4 israeli, if it was anyone in america our police, s.w.a.t., all team

that rescue hostages, you know throughout the time, imagine if americans were you know what let's sympathize with actual person the hostage taker not , not the hostages this is backwards in the way that operation should work, we should be applauding idf and encouraging them to do more to rescue the american hostages that are still held. larry: biden has never talked about the american hostages, i don't know. they had their spokesman on sunday talk shows yesterday, i didn't see them defending israel. what israel has done is heroic and patriotic, a master of military technology, and again, i come back to the point, all of these articles, quote, so-called civilian casualties, they all cam a come at the gaza health -- what is it gaza health strip or hamas health strip, no one believes them ap did

a long term saying casualties are nowhere near what hamas keep tell us, why would anyone believe that, where is our moral authority? is what i'm saying, why are we not backing i israel to the hilt. >> we are but this administration is not, you have people ant answer is thantony blinken put together 51 so-called intelligence age to write a litter saying that hunter biden laptop was russian disinformation thesers ki these are those kind of people, he should not be secretary this is nothing less than heroic what idf has done and. >jewish people have done it is incredible. the suffering, and having aoc tell them they are great

leaders talks about death to america and jewish students, this is just a nonsensical crazed administration, everyone. back to politics this election in 2020 was decided by less than 44 thousand votes in 3 swing states, this is what it comes down to, we have to be cognizant of vote harvests the democrats are doing. >> all right. claudia tenney thank you ever so much and cory mills thank you great house members. >> thank you. larry: coming up on kudlow, joe biden and his epa want to ban the gas powers car, virginia a glen youngkin wants to save the gas power charge, the whole climate change thing is backfiring, folks don't want it, we talk with andrew wheeler next [thunder rumbles] ♪ ♪

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larry: all right here we go, without a single vote in congress joe biden now wants to ban gas powers cars. joining us andrew wheeler former ape a formerra add maepa administrator, as i understand it, the biden epa wants 65 miles per gallon by 2031? which is unattainable. i think that trump mpg was under 40 or something like that. and now gasoline powers cars ending no one has voted it straighten me out on this. >> i wish i could. somebody needs to straighten out of the administration, they want two-thirds of all cards to be electric vehicles by 2032, secretary of important said we need 500 thousand new charges stations, by the end of this decade, 6 years away from

now. they got 7 1/2 billion two years ago, they have only built 8 new charging stations. in two years. what they are doing they are throwing roadblocks on their own ev highway, making it harder to get electricity for the cars, they made it harder to permit new mines to get critical minerals for ev batteries and harder to generate electricity we'll need and harder to permit new power line to get the power from the power stations to the chargers. even if they built the chargers we don't have transmission lines or transformerritransformers, we need millions of new transformers and they or a 2 to 5 year back order as we speak. larry: 8 billion? >> 7 1/2 billion dollars.

larry: they built 8. >> congress gave them two years ago neitherrivic, th. larry: terrific. the other thing, this is about 65 miles per gallon that is insane, you were advisor to virginia governor youngkin. and said no, we are not banning gas powers cars in virginia. and i might add, virginia appears to be up for grabs in current presidential election, so, let's give a year for youn youngkin. >> absolutely, i'm not advising hip right now but he is doing a great job in virginia, a poll over weekend 93% of virginiaians don't want to do away with gas powered cars eor listen to california. larry: how much? >> 93%.

>> that -- the democrats are opposing a 93% issue. i love it. i just think that is fantastic. i got richard riord rich lowry rittin sitting with me, you must have robbed off on glen youngkin he followed appedy wheeler -- the country is rebelling. the. >> he has done a great job. >> thank you, andrew wheeler. >> thank you. larry: all right, switching gears, day 6 of hunter biden gun trial in delaware this gets gunnier and gunnier, fox news david spunt, you are having all of the fun in wilmington. reporter: that is all there is to it, hunter biden just left the jury left for the day about 5 minutes ago judge dismissed them for the day, they had been deliberating for an hour,

they will continue tomorrow morning and we'll see if we get a verdict tomorrow there are a lot of big name in courtroom first lady and others and salacious text-messages and pictures shared. but the case is about the gun form signed by robert biden. that is what the jury needs to focus on. hunter biden declined to testify in his own defense today, you see him going in right there this morning but he has a big showing of family members, his first lady the wife his aunt salary, president's sister and uncle jim biden and his sister ashley biden. the jury has to weigh 3 felons, two are false statements the other possession of the gun, did hunter biden knowinglyy lie when he said he was not addicted to illegal drugs at the time of filling out the form and did he illegalling well possess that gun for a period of 11 days, the government does not have to

prove hunter was on drugs the moment he bought the gun jurors have to weigh general time frame, an attorney for government told jurors to not focus on present of first lady and other high powered names in the room, he said focus on evidence, hunter biden's attorney pointed to this form that said are you an unlawful user, not have you been. and said are is a state of mind, what was his state of mind at this time. bottom line jurors have left for the day. deliberations begin tomorrow. and that is where we end up possibly a verdict tomorrow. larry: all right. terrific stuff david spunt . >> all right. there are conservative political waves coming in from believe it or not europe. parliamently elections went right. let's talk about that with rich lowry and ben

domenech. rich, this is amazing. conservatives trounced lefties on, the big issues were immigration, climate change, they -- sick of immigration, they are sick of climate change, same. and by the way, recession. what you told me before, ons break, this is reminiscent of pre-trump victory in 2016. >> yes, 2016 the brexit vote in summer which is a sign of discontent of politics as usual and rising tide of national implementism, a revolt against open borders. they are not failed necessarily by their national governments, but by european super state. that makes it worse. larry: ben domenech what is

your take, it is like the mirror image of brexit but europeans revolts against the eu, then it was british. everyone is revolts against the european union but the tories in london. but you know, it is same issues as here. >> it is. larry: immigration climate, and recession. >> it is. i wish there was a bit more revolt within the u.k. it seems to stand alone amidst this we've. i think that rich analysis is correct, this is you know a revolt against anything that we've seen happen in terms of european super structure over the past several years, and it is a rebellion that is widespread, and really, i think a sign, is a signal to rest of the western world about the way that the trajectory of things is going, in terms of what it bodes for the election here, in november, in united

states, i would be very afraid if i was within the biden white house. that type of wave would be something that would be a harbinger of what will ash wait them in the fall -- what will equat await them in fall, it makes sense the same sit of issues, a number of overlapping factors and frankly they have no response no type of message that is ready to push back against this rising populism. >> the way that the debate on immigration has gone to the right. it is extraordinary, a sei seecbs poll had a majority in favor of mass deportation, everyone is so sick of it. larry: "new york times" wrote a piece saying if we deport illegals it would cause inflation rate to go up. >> of course, you have to love it. larry: you have to. >> you don't want wage depressed artificially.

but it shows on biden -- the executive order was smartest thing he has done on the border everything el i else is stud stupid. larry: ben domenech, 20 seconds macron his whole government government flown up by european elections. >> he is calling the snap election, in desperation to avoid consequences of his own actions. i don't know it will work. i think he will see a real backlash. and rich's point, every single time they go into this area, as much as they try to play clean up, they play on the other side's turf, i don't think they have any real answers and everything they are doing, is going against their own progressive base. in terms of any kind of reasonable answer on the immigration questions? all right, rip macron and

left wing, rich lowry and ben domenech thank you, kids. >> joe biden's border careerses seems crisis seeming to get worse, we have senator john thune. talk to him about biden' (♪) (♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com (sfx: crowd noise. ref whistle) ♪ (music) ♪ sarah, you got this. ok. ♪ you can be amazing ♪ ♪ you can turn a phrase into a weapon or a drug ♪

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larry: it would appear joe biden's phony executive order on immigration has done zippo, joining us now senate republican whip john thune of south dakota. there are all kinds of reports from our bill melugin and others, 4,000 coming across. that exceeds targets there was a story in paper today, 3 thousand are coming across the northern border? no one is doing anything about that, what do you think. >> i think nobody believes him biden's record came in reversed all trump administration policies that were working people say this border crisis happened on his watch. it did not. he engineered it, he orchestrated it. you have 10 million people in past 3 years, they are still coming across no notwithstanding to executive order they have no credibility on this issue. larry: they are not messaging anything, first

week of this order we have continued influx from southern border now stuff from canadian border. they are not doing anything about it so, i am saying, their messages is come on in. >> right it s i think that every. sad part is historically been central south america now people in the terrorist part of the world chinese nationals are flocks across everyone discovered this is airportal to get in u.s. -- portal to get in united states. larry: and it does still one of my pet peeves, we as a nation must deport the criminals. i don't -- i know it criminal to come in illegally but the gangs, the venezuelan gangs and criminals shooting cops and killing beautiful young women who were jogging, we

must stop sanctuary city stuff. >> we do, there have been several attempts we offered, which democrats that blocked. other thing they block an amendment offered by bill hagerty make it a requirement if you vote here you have to be a citizen, democrats blocked it. larry: right, hagerty told me about that,. >> it is crazy, but shows you lengths that democrats go to protect president biden, and his policies, all of which are a massive failure and the people here know it, they will hole him accountable -- hold him accountable in election not just impact it is having, it national security crisis. larry: you know former president trump is running hard on this successfully he emphasized need toy it port criminals. -- to deport criminals, this is an important trump message. >> absolutely, minimum, you then is something where american people look at

this, they have trun thei -- drawn their conclusions it is true, this is open border policy that joe biden and his administration implemented, they have waved them in, they don't want to do anything to deport anyone, and, of course, criminal element being the best example. larry: the woman, i know -- the new president of mexico said he would cooperate more with us. you could conceivably put a remain in mexico back, a trump administration could get that 25,000 mexican troops back on the border. larry: for sure, and. >> when he is president again, you will see an immediate roll back of a lot of these per messi permissive policies that enabled this crisis, high time, american people deserve it. larry: thank you senator john thune. >> thank you. larry: we'll be back with last word. (wife) saving for retirement was tough enough. (husband) and navigating markets can be challenging at times.

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♪ ♪ ♪ ♪ ♪ larry: that's it for kudlow, thanks for watching, folks. ♪ ♪. maria: good tuesday morning everyone. thank you for joining us