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tv   Kudlow  FOX Business  August 12, 2024 4:00pm-5:00pm EDT

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i think that is where the opportunity is. it is uncrowded. low expectations. a lot of good companies with good fundamentals trading at cheap prices. >> in sectors really quickly, looking for boring, cheap, underowned, what sectors? >> crazy, two crazy stats for you. since the end of 2021, energy is outperformed info tech. info tech gets all the headline but energy has done well. it is an essential thing we all need to run our businesses to get to work. go on vacation. consumer staples, boring, right? really good companies there that just have been left behind because they're not exciting. not fun to talk about a consumer staples company at a cocktail party. i also think materials as well. [closing bell rings] liz: boring and cheap. >> that's the head line. liz: mixed picture today. see you tomorrow. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow.
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so copycat kamala plagiarizing one of president trump's hottest new tax ideas. we'll have kellyanne conway on that and more in just a moment. first up fox news peter doocy has the hottest news from the white house briefing. peter, what have you learned today? >> reporter: larry, we're learning a lot here in the final days of the biden administration. we've got kamala harris, the vice president saying she will release the rest of her platform at some point this week. because she is not doing any interviews we're working backwards with the help of some white house officials to figure out where exactly she stands on things like the southern border. case in point, "the new york times" is now reporting that kamala harris's immigration policy is going to be different than biden. they say that she is going to be the toughest democratic nominee since bill clinton on the border. >> she has a campaign ad where she is saying they need more border patrol agent.
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if president biden is doing such a a good job -- >> president wanteds more border patrol agents. you know who is getting in the way, who is get negotiate way. republicans in congress. who else is getting in the way former president donald trump. he is getting in the way. >> reporter: vice president harris is disciplined on the campaign trail. she sticks to the scripts on the teleprompter. the questions she is answering, nothing in depth, a mistake according to one influential influential talk show host. >> i mean the bottom of the ninth inning, right? she should be any and everywhere having these conversations. i truly don't know why she hasn't done any interviews yet. >> reporter: something else we learned at white house briefing, president biden, now supports the no taxes on tips proposal, which means that he is following
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the vice president kamala harris who says that she also supports no taxes on tips even though it appears she is following with this donald trump. so again we're working backwards. they're telling us that president biden is still the leader of party but he is doing something harris did that trump did. larry. larry: peter, who is running this circus, i don't get it? >> president biden is still in there. i get they have their hands full with a lot of world events right now but if he is such a supporter of the taxes on tips proposal he has been in office since january of 2021 and we are here every day and this is the first that i heard about it. larry: terrific stuff, peter dassey, thanks, very, very much. so copycat kamala plagiarizing president trump's hottest tax cut. that's the subject of the riff.
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that's right, copycat kamala, she is plagiarizing donald trump's requested for tax-free tips for waiters, maitre d's, barbers, delivery people, uber drivers the whole big economy. mr. trump unveiled his idea last june in las vegas. kamala did it saturday also in las vegas. who do you believe? who do you trust? here is the key point f kamala was going to exempt taxes on tips why then she would have already exempted the taxes on tips. if she was going to do it then she would have already done it. after all, last february 6th, 2023, the treasury and the irs issued something called notice 2023-13 which contained a proposed revenue procedure that would establish the service industry tip compliance agreement, sitca
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program. the lead bullet was, i will quote, the monitoring of employer compliance based on actual annual tip revenue and charged tip data from an employer's point of sale system, blah, blah, blah. you get the idea. look, the irs is inside of the treasury and the treasury is inside of the biden-harris executive branch presidency. so if she wanted to exempt tips, or even pull back on chasing waitresses or other self-employed workers, she could have put pulled back, gotten rid of this noxious regulation. a little more than a year earlier, miss harris cast the tie-breaking vote on the misnamed inflation reduction act. that authored $80 billion so the irs could add 87,000 new agents. this was billed as soak the rich. in fact, however, down through
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the years these programs always really soak the waitress at your favorite diner or soak your doordash delivery person who gets your food. this story is why kamala's so-called move to the center is nothing but bait and switch. it is really phony baloney. i don't mean it to be personal but i'm basing it on, shall we say, policy contradictions. it is really a lot like a ban on fracking. wait a second, she is not in favor of a ban on fracking. but if she weren't for the ban on fracking, why joe biden's copilot for 3 1/2 years, why not improve the xl pipeline? fracking drilling in alaska's anwr or the national petroleum reserve, stalling leases for public lands or miniscule leases in the gulf of mexico or banning new lng export terminals? because all of that is the biden-harris war on fossil fuels
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and their manic pursuit of climate change and ev mandates which really amounts to something pretty close to a ban on fracking, wouldn't you say? so back to paying taxes on tips. well tipped employees are required to pay both federal income taxes and payroll taxes on the tips they receive. the heritage foundation writes that workers report tips to their bosses, who then pay the 15.3% payroll tax to the irs on the employee's behalf. then adjust worker wage with holding to account for the tips. that is quite a burden on your local messenger service. of course kamala will tell you nobody under 400,000 a year will be affected by her 4 to 5 trillion-dollar tax hike but then again we can all scratch our heads figure out how close your hoe call dunkin' donuts deliverer is close to 400,000?
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really? you think he is below 400 grand. kamala, please stock fibbing to us. bait and switch will not work, ma'am. mr. trump cut taxes big time in his first term. he will again if reelected but you will not. that's tonight's riff. all right, having said all of that, joining me now, my dear friend kellyanne conway, former counselor to president trump, host of here's the deal on "fox nation." plagiarizing, copycatting, i'm really a centrist. you may have heard peter doocy saying she will be tough on the border. she is really not for the fracking ban. well of course, the whole policy of the administration was a fracking ban to begin with. i mean i guess, what do you think of it? basically, is she going to get away with it, is that the
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question? >> she may actually getaway with it, larry if she is never forced to answer a question in an interview like this. afraid after fox news debate of all things. as she introduces herself for the first time to many adoring fan insist those rallies, they may believe her but i think trump has the best opportunity here of all. he is the guy who signed into law the tax cut and jobs act of 2017. he should remind us what that did and what will happen if it expires next year as kamala wants it to do. this ended in corporate reversions. this resulted in 100% deductions for some of our businesses, capital investments real estate an machinery. it doubled the personal exemption. it doubled the child tax credit. repatriated $2.5 trillion in wealth parked legally overseas. reduced corporate tax from 35%
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to to 21% that just that matter to me. the 67 people roughly lefting in the seven swing states, in the swing states in the state of nevada, she lied about being against taxes for tips, she is for taxes on everything. if it doesn't move or actually does move, she is for regulating, legislating taxing it, everyone knows that. 61 million people in the seven swing states. the economies have been slow to recover from the pandemic. nevada most of all. housing costs are up. foreclosures are up. one company town really hasn't made it all the way back. kamala is looking at polling in nevada, trump is 50% against all the polls and now biden against her. a state has not gone republican presidentially since 2004. it is only state where we went from a democrat governor to republican governor in 2022. there is a hot senate race there this year too with sam brown. trump is making a play for six
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electoral votes in nevada. kamala on his heels lying about not taxing tips f she is wanting against taxing tips, come on the tarmac, this seat, i'm sure you will take her for the whole hour, say i will expand the tax cut and jobs act of 2017 because look at all the growth, look all the flourishing, look at the wage growth, look at low unemployment numbers after that. look at the fact that corporations invested in their people, in research and development, in innovation, in their product lines and she should be for that. the other thing we're at the second anniversary of the inflation reduction act. i want her to pull a joe manchin and disavow her support for it. say we raided medicare to pay for migrants and electric vehicles. we increased irs agents. did no such thing to reduce inflation. larry: or, or, just repeal the treasury irs order? >> there you go, perfect. larry: it's, the last time i looked, i served a couple times
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in government, so have you, the irs is part of treasury and the treasury is part of the executive branch which is run by mr. biden and ms. harris. so therefore they could repeal this rule anytime they want and they won't do it which undercuts -- but here's the big point, question for you, mr. trump has got to hammer away on what he did and why she wouldn't do it. in other words, all these things are kind of a gift. i mean tim walz of minnesota is a socialist gift, okay? these flip-flops and plagiarisms and so forth, they're little gifts but he has to turn them into important gift the. he has to hammer away, does he not? that's what -- don't wander off, don't call her stupid, all kinds of names, stay on message? >> the winning formula for president trump is plain to see, fewer insults more insights,
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policy contrast. he has the swagger underdog estimated of 2016 back larry. you overlay that with the four year presidential record where we did have growth, we did have wage growth, we had low unemployment the whole line you and i know, tax and spend, call him tampon tim, i call him tax-and-spend in minnesota. he is proud of it. he will brag to you about taxing and spending there. she has been no better. if president trump would just contrast the policies she will win. he has a two to one advantage over biden-harris on the economy and inflation, on the border, on israel hamas, on the key issues that are important to people. i don't hear harris talking as much about abortion anymore because she knows if running as nominee she has to backtrack there a little bit, look like some domestic economy steward and foreign policy genius hiding for 3 1/2 years. larry, you and i talked since president trump left office, we'll talk about it today, it is
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policy contrast, all president trump has to do with elon musk in interview, look, elon everyone listening knows that kamala harris and democrats say they don't like me, don't want me in, don't agree with everything i'm for. everyone knows what i'm for. i'm for border security, fewer taxes, energy, less regulation, against wars in the middle east, had iran on its heels. if you know what i'm for you know what they're against, then you got that contrast. larry: on that point, that is a key point, you know what i'm for, because i did it once before. >> he did it. larry: okay? here's my point about kamala, on this baloney, for example, no taxes on tips and so forth, okay, if you're against, why didn't you do it? you had a chance to do it but you didn't do it. mr. trump actually did it which is why he is legit and she is
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not. now here's a good one, again i think personal insults of her not a good idea, really not a good idea. it is a distraction, unnecessary, off message. here is mr. trump in bozeman, montana a couple days ago where he is on message. take a listen to this tape. >> we will stop the biden-harris war on american energy and we will drill, baby, drill. i will terminate the green new scam, deliver historic regulation cuts and i will end the biden-harris electric vehicle mandate on day one. we will pass massive tax cuts for workers and that includes no tax on tips. larry: now, all right, kellyanne, that is music to my ears. that is ella fitzgerald, frank sinatra, all rolled into one. it is the greatest thing, throw in the beatles, throw in
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everybody, i'm just saying if he just keeps doing that and keep doing that and maybe jive a little off of that. that's just teriffic stuff. stop with the personal stuff and then just nail her, because he did it. he has already done it. >> he did it. you know what, larry, here's the difference. he produced, she is promising. that is the difference. she is already there. she did it last week when i'm president, i will grow the economy. you're vice president now. you're kind of the president, do it now. last point, larry, if she wants to imitate and plagiarize donald trump, here is some advice, kamala, do what he does vis-a-vis the media. this guy ingives interviews, goes on podcasts, cable networks and radio stations. he is on the radio. truth socialing. he is truthing. she has yet to face the media. to face the media is to face the voters. that is, democratization of information where everybody gets to see what a presidential candidate believes in things all
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at the same time. she is hiding from the cameras. she doing the biden in the basement strategy right in front of our eyes up on stages in front of a ped yum and teleprompter. right in front of our eyes. it just doesn't look that way. mimic him one more time, be like trump, go face the media, answer these questions. larry: i would think she says this, plagiarizing no taxes, at least she can footnote it. if she would have a footnote, ii, same as donald trump that would have been much nicer. she could have kept tenure at her college or university or wherever it was. not even a footnote, kellyanne. can you imagine that. >> not even. larry: kellyanne conway the best of the best. don't forget, watch here's the deal with kellyanne, on "fox nation." coming up president trump needs to run on his successful economic record and he has got one. art laffer has a new book out. it talk as lot about the great successes of mr. trump's first
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term. that is a important qualifier for legitimacy, i.e., truth telling not fibbing. by the way, folks, you can catch "kudlow" monday through friday at 4:00 p.m. eastern right here on fabulous fox business. if for some reason you can't catch us at 4:00, please text your favorite nine-year-old and she will show you how to dvr the show and you will never miss a footnote to tax cuts. i'm kudlow. an alternative to pills, voltaren is a clinically proven arthritis pain relief gel, which penetrates deep to target the source of pain with nonsteroidal anti-inflammatory medicine directly at the source. voltaren, the joy of movement.
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larry: president trump has a very successful economic record and he should run on it as we discussed in the prior segment. joining us now for some more on this, art laffer, former reagan economist, presidential medal of freedom recipient and author of the, coming trump book, trump-nomics. this is the sequel. you had one of these, didn't you? >> we had one. larry: trump-nomics two. >> t has a new name, steve moore just told me, i'm hold, i forgot it, the basic thrust, trump-nomics. like my dog, grays one, grays two. we love the dogs, we love you. >> thank you, here's the thing, kamala wants people to believe she has changed become a
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centrist not a far left radical progress sirf. she has no evidence of that she has been in office for 3 1/2 years plus. particularly on the tips thing where theres are irs treasury rule memo, she could have changed that, if she wanted to. however the point is trump has a record from his first term and you're chronicling that record okay? >> that's correct. larry: he had a very good first term. nothing in life is perfect but it was awfully good, was it not? >> it was extremely good. remember that kamala harris has a record and it wasn't very good. she did part of the biden-harris team. so the stuff that biden and harris did, she has to take ownership of as well. trump's record in the first term was great. tax cuts and jobs act paid for itself in the first two years. cut the corporate rate from 35 to 21. cut the personal income tax rate from 39.6 to 37. expanded the one i won, expanded
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the death tax exemption by a lot and lowered the rate. that was really super. did "operation warp speed," the executive order. the operation warp spied for covid-19 national seen, in 11 month, larry. every one thought it would be seven years before we get a vaccine to get it approved. he got it done in 11 months. he did transparency, health care transparency, fantastic. did all that right to try. if you're chronically desperately ill you can try a drug. larry: experimental drug. >> energy, what he did in energy, and you know you have got to understand producing petroleum is not the same as burning it. look at producers of petroleum, you got russia, you got saudi arabia, got venezuela, better to produce it at much lower price than the actions they do? it is really amazing. if you look at all the stuff, trade, i even think his trade deals with pretty good. larry: look the trade thing, i
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don't know why some of our friends keep characterizing that as protectionism. the reality it was reciprocity. >> fairly. larry: trump blew the whistle on china t was a major turning point in our relations. americans kind of already knew it but he lowered barriers with japan. he lowered barriers with south korea, for example. >> u.s. and north america. larry: usmca. >> yep. larry: so his trade policy as well. >> great. really good. larry: everybody, that's not true, i think to some extent he has to remind everybody about that. >> he should be touting his own, he toothest not his own horn and his horn will not be tooted. supreme court, three things, talk about all the other issues, but my standpoint the supreme court on economics is wonderful. it is rolling in the regulatory bodies. you have to pass legislation which is the way it is supposed
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to be, larry. across the board in economics he is the single best first term president on economics i ever seen. i'm an economist. that is what i use. that is what i judge by. it is the most stellar record ever. larry: you and i both worked for reagan. reagan's tax cuts were very good. but the first tax cut took three years to phase in. >> that's wrong. larry: you've been critical. people waited until they can reap the lower tax rate return. the point is trump was immediate. >> bang. larry: as soon as the legislation was passed in late 2017 it went in and that helped really ignite a strong economy. >> it did an amazing job. if you look at u.s. growth before the tax cuts and jobs act we and europe were in sync a little slower, moving quarter to together. one the thing passed the u.s. takes off after two years, our gdp was 2 1/2 times, 2 1/2% higher than it would have been had we grown at the european
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rate. so we way outpaced them for the next two years which is all you can ask for. that's a lot of money on there. if you look what happened to poverty rates and all these other things, larry, all amazing what the tax cuts and jobs act did. larry: immediately. >> immediately. every other president made the mistake of phasing them in too. reagan wasn't only one. kennedy did it. harding and coolidge phased it in. it caused deep recessions. larry: harding an coolidge did? i was a young researcher in those days. >> i called up coolidge. you talk to harding about it. larry: one thing in a constellation of troublesome ideas miss harris has endorsed and proposed with bernie sanders this one size fits all, essentially nationalizing "medicare for all," what they call, single-payer, whatever. variously estimated as much as $32 trillion. that is probably a low-ball
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estimate. how would that -- that would destroy any free enterprise. she wants an end to private insurance. this is something i think should be brought out. you're talking about how trump made all of these things more open, deregulated for example. they want to do exactly the reverse. now how would that impact ordinary people? >> it would impact a lot but what they're doing they're picking on the one industry already so misaligned with economic incentives. health care industry, our costs as a share of gdp, largest increase of any country in the aecd, our reductions in life expect tan say to the relative to the oecd, biggest declines in life expectancy, our system is so obscure. you don't know what the cost, don't know what it does. they come in cake advantage -- take advantages after badly-run system and make it worse. trump would drop the costs.
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i estimate we'll save a trillion dollars in three years. life expectancy goesp three years. if that is not a good deal for you, find a better one. larry: the word growth. >> growth is it. larry: growth or prosperity or opportunity, wouldn't you like to hear him say more of that? he has said it. he is so great at the convention, looks like he is starting to return to the message after maybe departing for a little bit which is okay, no one is perfect in life. growth, people want growth. they want growth. they want hope. they want opportunity. they want prosperity. >> see people think you and i are boring and dull because all we do is mess measure prosperity, growth, everything. it is everything. every one does. i worry about it all the time myself and i shouldn't have to worry about it but it keeps your eye on the ball. it keeps the country's eye on the ball and with economic growth all these other peripheral issues, adoption, all of these things, all the crimes,
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all these things start fading. jude was amazing on this. he showed all the links between economic growth and all other social issues. defense, peace through strength. it is not doing push-ups or running miles around the track, this is having economic. no one wants to attack a strong country. larry: life, liberty about, pursuit of happiness. arthur laffer. trump-nomics, two, trump-nomics three, whatever it is called. thank you, art. >> thank you, larry. larry: kamala harris wants citizenship for millions of illegals. run right through. by the way, here is a better story, elon musk helping trump to find 800,000 votes. wow, sean duffy, batya ungar-sargon, deroy murdock on all of that. me coming up here on "kudlow." arthur, we appreciate re through the chase mobile app.
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larry: get big crowd here on set. let's talk. chose the border, if that were not enough unleashing elon musk. joining me sean duffy, co-host of "the bottom line" right here on fabulous fox business. plus deroy murdock, fox news contributor, and fabulous author batya ungar-sargon author of, second class. i want to play tape, for jd vance on the sunday talk shows about closing the border or something. let's play immigration first. go ahead. >> if you deport a lot of violent criminals and frankly if you make it harder to hire illegal labor i think you go a lot of the way to solving the illegal immigration problem. i think it's interesting that people focus on how do you deport 18 million people. let's start with one million. larry: let's start with one million. get the criminalses first. what do you think of that, batya, is he on message. >> this election cycle is not about left versus right.
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you have donald trump running on protecting working class jobs and kamala harris running on freedom, right, vibes of freedom. you have half of the country which can afford to vote based on vibes and joy. you have the other half of the country that is struggling to feed their families. there is no issue that distinguishes these two halves of our nation, college-educated elites and the working class like immigration because of course immigrants come here and they compete with working class americans for jobs and bring down the wages of working class jobs. larry: illegal immigrants. >> illegal immigrants. larry: legal immigrants would be a whole different story. >> absolutely. larry: they have to pass a credit test, pass a point test. show they have a job. i want to clarify this because i'm a strong believer in legal immigration and the trump administration first time around had a very good point system, like successful places like canada, new zealand and australia, for example, who do a
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better job on immigration than we do. it is illegals are doing so much damage on crime, lack of public safety. i think also they are taking wages away, illegitimately. one more pass at it. >> i have to say, when you talk to working class americans they want much less immigration period. legal and illegal. why, larry? larry: okay. >> because it is the law of supply and demand. the more you have of something the cheaper it is. and the his of something the more expensive it is. we want labor to be expensive. we want working-class people to have middle class lives. larry: okay, fine. deroy, though i would say, we could take a million a year in legal immigration. we've done that for a a long tie but on this case, i think jd vance, now, i guess you tell me, kamala now whispered she will be tough on immigration. she blames donald trump for the
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immigration problem what do you make of that? >> this is life in upside down stan kamala harris tough on border and donald trump is the 180-degree. she had 3 1/2 years to shut down the border. she done exactly the opposite. 10 million broke into this country. they have no right to be here. my mother and father name into united states from costa rica in 1962. they went the embassy and filled out visa application. you fill out a visa application, you are healthy, crime-free, able to work, great we'll bring you in. enjoy the american dream, contribute to the american dream. if you break into country, no right to be here you should be deported obama booted out 1.5 million. they called him the departner chief. they done it before. they should do it again, the other issue, i think jd is on message here, it would be wise to talk about deporting criminals first. go ahead, in other words break through the sanctuary city wall.
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allow the local cops to cooperate with the border authorities and go after the criminals that are literally killing people from this illegal wave. >> because that's a focus on something that everybody agrees on, right? if you talk about the point system, usually good people with good opportunities for jobs come into the country, we don't normally allow criminals into the country. these are the ones ravaging our streets. see them in new york city, cities across the country, driving around on motorcycles robbing people of their purses. we want those people out of the country. you're right on crime, on wages, also on housing. it is talking about driving up the cost of housing as well. illegal immigration is with inflation. if donald trump and jd vance are better focused not on name-calling impact issues people's lives, kamala harris can laugh, talk about all kinds of things, but if you talk as a candidate what i care about,
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what i care about, i will vote for you. larry: i think so. don't go personal. don't call her stupid. we talked about that with kellyanne. it is just, first of all i don't think kamala's stupid. never said that, what is wrong here she is wrong, wrong-headed and wrong direction. >> voter can make up their own conclusion whether she is smart or stupid. you don't have to lead them there. they will look at her, how shelves and can't answer questions, they will make up their own mind. larry: i don't think he needs to tell them that. he needs to emphasize his record on these matters. for example, he had immigration, he had illegal immigration down to half a million a year, which is the lowest in a long time, batya. this is something that biden and harris could only dream about, frankly. >> donald trump was the first american president in 60 years to shrink wealth inequality in america which is something no
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one wants to talk about, because free market, doesn't really care about it, and the left doesn't want to give him credit for it. donald trump shrank the wage gap between the working class and college educated. larry: that is what free markets do. >> he didn't do it with the free market though [laughter] larry: if you cut tax rates, let them keep more -- >> batya, has to go to larry's -- larry: i love having her. she is almost there, but she doesn't quite, you know what i mean? she still has to get through the second half of the book. >> tariffs are not free market. i'm sorry. larry: we didn't do tariffs. we did reciprocity. by the way the man sitting next to you coined the reciprocity act which mr. trump is stealing right now. let me move on. elon musk to the rescue. he will enlist, wait, he will register or produce another 800,000 votes because he is spending a fair amount of money, essentially, this is his version of "zuckabucks" just to make it
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simpler. you know something about this i'm told? >> in wisconsin -- larry: if you don't, make it up. >> "zuckabucks" had huge impact on our elections. zuckerberg went into democrat leaning areas, got county information who registered, voted really powerful if you want to drive democrat voters to the polls in swing state like wisconsin. elon musk will do it differently. you have low propensity voters, lean for trump, elon musk will focus. larry: pull them out. >> also encourage voters to vote early, right? do it legally, whether you go to the polls, get those votes cast early on so on election day if a water main breaks or machines go down you have already cast your ballot. i think those two things will have a big impact. larry: i'm so impressed that you actually speak in terms of the low propensity voter. this is part of the jargon that needs more ventilation and visibility. >> it does.
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larry: actually it will be the key and if you read the campaign documents, from "the atlantic" magazine news article, long article, about suzie, this is what they talked about. you're exactly right. deroy, can we depend, can mr. trump depend on elon musk? big story in "the wall street journal" today, huge feet ture story, what do you make of it. >> elon musk has control of one of the best technological platforms in the world. huge enormous reach. trump ought to get back on "x." he has truth social which is terrific. larry: recently? >> he ought to get, reopen his x account, former twitter account, instantly probably have 60, 70 million people. larry: he is doing it. he is doing it. >> get back on there, be there all the time. larry: batya, do you know who pubbing musk is? you heard of him. >> something about cars? >> he was illegal immigrant. i was just kidding. >> got to go, larry, 120,000 gun owners in wisconsin didn't vote in the last election.
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larry: low propensity voters. >> our side has to show up. larry: great stuff. batya ungar-sargon, deroy murdoch, sean duffy, thanks so much. catch sean along with co-host dagen mcdowell on "the bottom line," weeknights 6:00 p.m. eastern every day right here on foblous fox business. coming up on "kudlow," appease and frack, all right? biden-harris, he ran pennsylvania, we're talking pennsylvania a winnable senate seat, candidate david mccormick a good friend of ours. he will be right on our show. please stick around. ♪. progressive makes it easy to save with a quick commercial auto quote online. so you can get back to your monster to-do list. -really? -get a quote at progresivecommercial.com.
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she says she is a ban on fracking. most recently she really wants to end taxes on t.i.p.s. didn't bother to footnote donald trump like she should have, ha, ha. had 3 1/2 years to do it. how will this may in pennsylvania so far? >> you know i think the more pennsylvania voters learn about kamala harris, the more this going to realize that those san francisco liberal policies are just too extreme for pennsylvania. you mentioned the banning of fractioning, the transition of energy workers, the mandatory buyback of guns, the restricting red meat consumption. i grew up in rural pennsylvania. you say you will ban fracking, take away your guns, stop red meat. that will just not sell in pennsylvania and bob casey has been 98% vote. you have a weak senator who is too liberal for pennsylvania. larry: so, go in even more, issues that i think have yet to be completely developed, miss
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harris is signing on to joe biden, who is perhaps four or five trillion dollar tax hike. she doesn't want to extend the trump tax cuts. that's one thing. there is no commitment there to restrain spending if given a second term or borrowing or two trillion dollar deficits as far as the eye can see or, david, the inflation, that is the inevitable result of those very loose fiscal policies. how is that playing in pennsylvania? how have you found it to be playing? >> economy is the number one issue. 60% of pennsylvanians live pay check to paycheck, larry. when you have a rise in prices, 40% in fuel prices, more than 20% in food, people are getting squeezed on food, fuel and rent. as you say it is the direct consequence of seven trillion dollars of additional spending under biden, harris, casey. but beyond that it is also related to the war on fossil
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fuels. that is a huge deal for pennsylvania, of course. we're the fourth largest natural gas reserves in the world so people are feeling it in their pocketbook and the issue is not a republican issue, it is not a democrat issue. this affects everybody, rural, urban. it is the one thing that is on everybody's mind. you know the biden policies, the biden, harris, casey, policies they're not a big deal if you're well-to do, living in washington d.c., new york corridor. if you're living in pennsylvania where the median income is $52,000 a year, you're living paycheck to paycheck, it is really hurting people. that is what they're going to vote on. larry: one of the other. >> just one more on the facting, the current administration wants to ban lng installations, new lnng projects, lng exports for example. you're the fourth largest natural gas producer in pennsylvania, liquid natural gas, aka, natural gas, this
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would be a killer for pens sane, but that is what they have said they want, they want to ban the lng part. >> this is a perfect example this is where the radical green agenda has hijacked policy and there are 600,000 workers in the energy industry, related to the energy industry a lot of those in the natural gas industry. this is perfect example of weakness of bob casey. he wrote a stern letter, wrote a stern letter to president biden saying he shouldn't put in this lng ban, it is absolutely politics. it's bowing to the green adenda. this is exactly what kamala harris is going to do when she is president if she ever becomes president and bob casey will vote for her 98% of the time. this will destroy pennsylvania if in fact we go down this terrible path. that is why we need new leadership in the white house and new leadership in the senate. larry: david mccormick, terrific. military veteran. undersecretary of treasury,
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larry: so, with all due respect, madam vp, you can not copycat donald trump on tax cuts or anything else. you've had your chance for three and a half years and there's no credibility. and i will pass the credibility on to liz macdonald. liz: thank you so much, larry. it's good to see you literally. larry that was a great show, thanyo

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