♪ snots >> welcome to the "journal editorial report," i'm paul gigot third straight month

of rising inflation is putting the biden administration on defense and raising questions about whether the federal reserve will cut interest rates at all in 2024. consumer prices rose faster than expected in march up 3.5% from a year ago while core inflation minus volatile food and energy prices rose 3.8% reporting and president biden defended his economic record and said he thinks there will be a rate cut this year. >> you stand by my prediction before the year is out there will be a rate cut it may be delayed a month or so we don't know what the fed will do for certain. but look, we have dramatically reduced inflation from 9% down from close to 3 pblght we're in a situation where we're better situated than when we took office where inflation was skyrocketing and we have a plan to deal with it. paul: let's bring in our panel

columnist dan he and bill and hw serious is this little mini burst of inflation now three months in a row? >> oh i would say it is pretty serious it is very serious politically, and economically as well. isn't a great time to be a wall street trader or economistist what have we gone from predicting seven rate cuts in 2024 -- [laughter] maybe two rate cuts or not or larry suggesting maybe increase rates so why shouldn't the president himself our great presidential economist jump into the fray and predict that there will be one this year but later, but make no mistake, the president is putting pressure on fed chairman powell. paul: you think he's doing that? >> i think so. i think he really needs a rate cut and powell is the man on the spot with all of that. he's the one fed people around him have to make a decision

about what they're going to do and i think powell understands that like back in the 1970s, arthur burns who was fed chairman then didn't get inflation under control. paul had to precipitate recession to get inflation under control and powell wants to be remembered as the guy who fixed the mess and didn't leave someone to fix the mess. paul: one of the big factors is real wages that is wages after inflation, and when you look at -- the totality of the biden administration, from the start in january 21, 2021 to now real wages average hourly earnings have fallen 2.5% that's something that people feel. >> every time i hear joe biden say we brought down 9% i'm reminded that is episode where jackie lee says to carney who visits the view in hospital and

got hit on the head but with a basketball bat and he said who hit me on the bat with a baseball bat? people know. people feel and they know -- that is biden doing it i think it is problem is not so much the rate of inflation but the prices as you say they feel it in their paychecks. >> yeah. kim is -- is this the the biggest threat other than the issues of the president eetion age is inflation the single biggest threat in your view to his reelection? >> yeah. you look out at the polls that remains number one issue and in particular it remains number one issue in those swing states. where that's going to decide the election i think the problem for the president as well too that nobody believes it. kind of as bill was alluding to. he just told a big whopper there. i just have to correct it by the way, he's like the 9% inflation that we inherited no television 1.4% when he took office.

and the inflation came as a result of their extraordinary spending policies. and the slow fed to not get off the mark and deal with this a little bit quick more quickly, and that's the other problem too is people hear the president continuing to call for the same. more spending more problems so on the one hand telling fed you fix this and he's doing nothing on his end to make it better either. paul: dan, the president's response in his statement this week was to say that while, the problem are businesses because they're raising prices and they shouldn't because they're greedy and they want to make more money profits and blaming are republicans because they are proposing to cut taxings. either of those plausible as excuses? >> no they're not plausible and typical as a president and under joe biden trying to shift the blame i think his problem is deeper than that, paul. we talk about inflation. inflation in a way the word inflation has become a proxy for what i think is a deeper more

sour mood in the population. especially among younger voters he's desperately trying to hold on to and feel like prospects aren't that good and expensive for them to live and the direction of the country is strikingly despite the fact the economy is going pretty well, people over 60% think that country is going in the wrong direction. and i think that is something joe biden is going to have a very, very hard time overcoming especially if prices for things like grocery and fuels run below this sour mood, staying relatively high. >> the -- housing point is interesting, bill because if you're a young person, and you -- came of age with zero interest rates you were used to low interest rates and you could afford a home now with 7% mortgages or whatever it is depending on your part of the country it is out of reach for a lot of people sod a mrgs -- administration really needs a

rate cut. >> we do and there's no way around it. i think the people dan is talking about they've heard inflation is not real and temporary they feel gaslighted that people are always telling them it is better you have nothing to worry about and they don't feel that in their lives. paul: still ahead abortion and immigration may be come to night the 2020 campaign so far. but could taxes be a sleeper issue? we'll tiewk former congressman kevin brady about what's stake at major provisions of the trump era tax cuts get set to expire next year. g: eddie, no frasier, frank... frank?) fred! how are you?! fred... fuel up to 7 brain health indicators, including your memory. join the neuriva brain health challenge. a test or approve a medication. we didn't have to worry about any of those things thanks to the donations. and our family is forever grateful because it's completely changed our lives.

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of the tax era tax cuts to expire if he wins reelection that could have major consequences for millions of american businesses and workers. here with a look at what's at stake is former texas congressman kechi brady served as chairman of the house weighs and means committee main architect of the 2017 tax cuts and jobs act. welcome -- kevin. good to see you again. so let's -- >> good to e -- see you paul. paul: that was a $2 trillion tax cut that added all of that money to the deficit is that true? >> it is not -- , in fact, he's been fact checked so many times i think "the washington post" labeled it zombie claims because simply not true. in fact, revenue from after tax cuts and corporation rev new dipped in the two years now it is above the projections. with congressional budget office and we know what it did for the

economy. for raising gdp almost immediately to 3.3% bringing trillion and a half dollars profits back to the investment in the u.s. workers i think saw the greatest benefit not just from the cuts but from the economic growth we saw house income grow in one year more than years of the obamaed administration so it is not accurate. >> expiring provisions of the tax code are important and significant. the -- the corporate tax rate that's permanent. but some of the others aren't what are more most important expiring that needs to be extended? >> the economy is on the agenda here and a lot at stake almost $4 trillion of tax hikes that could occur in congress dupght doesn't act and family for

workers middle class and tax cuts doubling standard protected more of the first dollars. but simplify the code so much at a record 90% don't have to itemize -- and then we also increase child tax credit expanded it to families that expires in 2015 for main street businesses we created first and small business tax deduction of 20% what we saw that we want companies local businesses -- to keep more of what they earned invest it back in their business and we saw record confidence small businesses. and to your point while corporate rate is not on, agenda some big tax provisions allowing businesses to immediately expand their plans equipment software, very key being able to immediately deduct their research and development key to innovation, those are all key economic -- provisions that will decide really the u.s. economy going forward and how we can compete

and when against the likes of china. >> so even, though, corporate rate of 21% is not going to expire president biden is promises to help it expire and pass a law that would raise it up to 28% i think, and you know some republicans -- now are highly critical of corporations and they really don't mind a corporate tax increase either. would you -- how important is it to preserve that lower tax rate given the global american competitiveness? >> yeah. it is crucial that we keep that -- that corporate low and the bottom line is we didn't lower rates for corporations. we lowered it on them so that our economy would grow which it did. we can bring back manufacturing plants investment to the u.s. that we could grow workers paychecks, in a significant way that's what that corporate did and it also stopped what we knew we were seeing ten headquarters a year from the u.s. we're moving overseas because of

our -- you know, high in obsolete tax code that stopped immediately there and, obviously, worker paychecks. they bare the brunt really of higher corporates and to your point on competitiveness, raising rate to 28% -- when you add the state taxes to it. takes us to the second worse tax code in the oecd higher than china and it is going to have a major i can't imagine a time that we're competing with chiern and other countries that we would economically, you know, sabotage our own competitiveness. paul: another issue that people october to that is reduction to $10,000 maximum in the state and local for the state and local taxes. there's a number of republicans add shading to lift that cap to 50 or even eliminate it. how important in your view is maintaining that 10,000 dollar limit? >> you know i think it is very important both for fairness across the board for taxpayers

especially those who don't itemize. and those dollars from the salt cap which we think is a very reasonable cap. it doubled the average salt deduction across the country and we made other adjustments as well. but those dollars went to those middle class tax cuts so every lifting that cap not only creates make it is harder to extend the middle class tax cuts but it gives a green light for local governments to begin taxing even more brutally. paul: but some of your colleagues in new york i talked to one this week said you look you haven't changed tax code in new york and getting hit in new york, new jersey, and california. is your answer to them look well then change it in albany? [laughter] >> yeah. it really is -- look these are great states but they're brutally taxed and got to look to the state and local government and truth of the matter i think -- you know if we really looked at fairness because the current salt deduction world community

subsidized the cities -- low income, the wealthy, the nonitemizers, itemizers and so -- you know, one key question to ask is why doesn't everyone pay state and local tacks? we choose where we live and work and we have a choice in elected officials is and use those dollars to do more tax cuts for work ergs and families. paul: all right kechi brady thanks so much for that insight appreciate it. when we come back abortion politics continue to royal the 2024 campaign and donald trump angers conservatives by saying issue should be left up to the states. we help people customize and save hundreds on car insurance with liberty mutual. anyway, we got a bit of a situation here. ♪ uh-huh. uh-huh. ♪

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week upheld an 1864 law that bans nearly all abortions a decision that could upend political landscape in a critical battleground state the ruling came day after donald trump weighed into the abortion debate with a video on his truth social site that angered some conservatives pushing for a federal ban with presumptive republican presidential nominee saying it should be up to the states to decide. >> now that we have abortion where everybody wanted it from a legal standpoint, to states will determine by vote or legislation or perhaps both and whatever they decide must be the law of the land in this case, the law of the state. paul: we're back dan kim strassel and bill. so bill what do you think of donald trump's decision to leave it to the states? >> i knew it was getting attacked but i think it is a shrewd move first of all one i believe that -- court got it right legal got it right in putting back to the states. i think arizona got it right in

saying law in arizona is -- goes back to the 865 law never right to abortion but the point that trump is making is that he wants a campaign against joe biden the way he did against hilary. she's an extremist who did not put a single restriction on abortion and federally fund them up to the moment of birth and he's going make that case and i wouldn't bet them in trying to do this press is only views extremism on the republican side and will never press the case that democrats are extreme and trump is trying to do that. paul: kim as bill suggested trump is getting hit from the right who people say like mike pence saying he should endorse some kind of national ban maybe 15 weeks or so. and he's also getting hit from the white house which is saying while trump really doesn't mean it right he's still wants some kind of national ban and by the way, he's responsible for

overturning roe because of his supreme court appointments. can trump thread the needle on this? >> well let's take the white house one first. thing the trump campaign and most republicans understand that whatever donald trump had come out with i think he could have said up to abortion to the end of days. they would have still said that he's antiabortion because this is their -- they want a position that way. this is their main running campaign for the coming election. i mean, on the right look, i think this was actually a decent message for trump to sending to republicans down ballot overall. which is that sometimes you have to have a little bit of break with some of your interest groups in particular many this case the pro-life groups. because a positions that they're taking do not necessarily sit well with a lot of those swing voters through the. so yeah, you are threading the needle but i think republicans down ballot needed a little bit of courage too to know they need to find a position at the state level what's going to sit well

in their state, back it go on offense and understand that that position might need to be modulated if they want to keep winning elections especially in competitive states and districts. paul: tim what about the state limits that donald trump is criticized florida for the six-week ban saying it is too harsh. he's also -- krit -- criticized arizona ruling that bill suggested this week, of course, arizona legislature could change that law. and i think trump wants it too. [laughter] but is that going to create the problems for republicans and trump going to have to say look i'm for 15 weeks or for a certain number of weeks and more specific? >> i do think he's probably going to have to be more specific the debate in that respect tends to be between six weeks and 15 weeks or total ban the total ban doesn't seem to be working for republicans at least in swing states. there are total bans and many states across the south where --

the public supports that sort of thing. frankly paul, i don't see abortion being a deciding issue at the presidential level. paul: really? >> yeah. abortion if you put it in a referendum all people are voting about is whether they want to allow abortion or not, then the proabortion votes generally win. but i just think that most voters in the general election have other things on their minds whether it's the economy -- or immigration, and that if the republicans are able indeed to thread the needle saying -- if this is going to come to a vote if the legislature is going to decide i'm going to be four, 15 weeks whatever they think is appropriate in the week i think that's probably going to be enough to satisfy most voters who by and large are not in favor of the extreme democratic position but want something in the middle. if they can be -- paul: what do you think of the reaction this week from the pro-life group suzanne b.

anthony list critical others left critical what do you think of their response? >> i know someone personally and good friends with them. i think it is wrong to criticize trump for saying he's for states rights. for 50 years -- pro-lifers agitated against roe saying this is not in the constitution -- should be left up to the states. and even if you -- i think that dobbs allows federal solution if you want to i think the state tries better. i don't think they should condemn morally someone who has good faith opposite tactical strategy. in other words, states rights. so i think they're kind of saying in the end they're going to back trump. >> but may not say it -- >> but not going to vote for biden. paul: still ahead a historic summit between the u.s., japan and philippines as a threat from china grows. tennessee senator and former u.s. ambassador to japan bill

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♪ paul: a historic meeting at the white house this week with the u.s. hosting the first ever summit between the u.s., japan, and the philippines as three countries confront beijing growing aggression in the endopacific and beyond. japanese prime minister fumio telling a joint session that china presents the single greatest strategic challenge to

international peace and security. joining me now republican senator bill hagerty serve as u.s. ambassador to japan in the trump administration welcome senator good to see you again. so tell us, our viewers why this summit with japan was so important? >> it is good to be back on the air with you. the relationship we build with japan has strentsened overt year when is i arrived as u.s. ambassador in 2017 we were overcoming a period where the previous administration has been leading from behind you may remember that north korea had become extraordinarily aggress i-and china moved into east china sea in the islands all over the south china sea and when we came in we began to leap from strength and leaving from a position of strength allow us to put the chinese out of the east china sea to calm the area and we got asset where is they

needed to be we went from noises and belligerence and to at the table and we caulked south china sea the busiest in the world and brought it to a better place in the trumple administration but what's happened is since afghanistan fell -- i think most of our allies around world have become much more concerned north korean belligerence is become and china is far more aggressive flying spy balloon over america. what japan has done ask its leaned into it and had to japan public sinema and realized they're at grave danger to japanese government is standing up to defense and reaching out to america. to make certain that our bonds are strong and get even stronger that's why the prime minister is here. that's why it was so important to demonstrate japan's commitment to our join alliance and i hope we will continue to push this forward through the end of this biden administration and into the next -- >> in japan you have particular

insight there from having lived there. japan is pledged now to increase its defense spending to 2% of its economy from 1%. that's a -- enormous change for a country that in the wake of world war ii had a pacifist constitution, and former prime minister abe was, of course, an architect of this but it seems now to be something of a national consensus is this largely as a result of china? >> i think it absolutely is, paul. and again i had many conversations with former prime minister abe about his desire to do just this. to step up to lean forward in a much more aggressive posture from a defense perspective but the prime minister party leads coalition government with a minority party a buddhist affiliated pacifist and every in able to move them along to get to the forward leaning posture. but after the invasion of afghanistan after china stepped up and soared into the taiwan straight after china came back

harassing japan sinema has shifted. now we see a public that is much more receptive to leaning forward to a national defense stand point and stepping up with public expendtures to support that. paul: philippines in china has been squirmishing over chinese positions on disputed island small islands in the south china sea. and -- one of the reactions is philippines are closer to the u.s. an now allowing us to have small bases again in parts of northern and what do you think we should do other than holding summits? to counter to help the philippines against china? >> paul, i've had direct experience with this when i was serving in the region i actually was deeply involved in getting bay back into and two chinese bitters were at the table and i was writing about this and

organized resources and engage japanese and engage philippines and got u.s. private equity involved and interviewed that and american -- enterprise now -- exist there. we run the bay area and expand that. you're going see more infrastructure investment along that corridor and our private sector will be involved we need to be doing more and i think the trilateral meeting with philippines with japan and america that took place this past week is an absolutely crucial step to move forward. i put forward legislation that will actually facilitate more foreign military financing for the philippines so they can become more with the united states so we'll see more operational engagement and more u.s. warships in america and more joint exercises in the future. paul: so one sour note in u.s. japanese relations recently has been the u.s. -- biden administrationings opposition to the napan deal a private interaction but the

president is coming against that. has that had negative repercussions in japan? >> you know it's clearly a commercial transaction this was not the focus of the prime minister meeting here in the united states this past week. but i've certainly heard from a number of japanese entities about this deal. let's be clear here, it does warrant great scrutiny steele doesn't have a clean record when it comes to trade infringements heres in the united states. i know it is looked at carefully and very difficult in an election year. to get this accomplished the biden administration made it clear given their proximity to the unions that it is a difficult interaction to get across. iit is negotiating with them wht they should be doing and see how it unfoldings. >> senator bill hagerty thanks for that insight appreciate it. when we come back the supreme court may have struck down his student loan forgiveness plan but that's not stopping

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find your nearest dealer at kubotaorangedays.com ( ♪ ) >> tens of millions of peel's debt was literally about to get canceled but then some of my republican friends elected officials and special interest sued us and supreme court blocked us but that didn't -- well that didn't stop us. we continue to find alternatives past reduce student debt -- >> the supreme court may have blocked president biden's initial attempt at student loan forgiveness, but that's not stopping him from trying again with the administration unveiling two plans this week to cancel college debt for millions. the latest announcement came friday when the education department said it would use existing programs to forgive 7.4 billion dollars in debt for 277,000 borrowers, that filed president announcement monday of a plan that would allow about 30

million borrowers to erase all or some of their college loans. we're back dan, and kim strassel also joined by wall street journal columnist alicia finley. so kim, what do you make this have latest plan the president is just determined to go ahead with this, nevermind what the supreme court told them. >> yeah. the depths of the political sin system are something to behold because the court came back and said this is a major question. the white house is saying oh we're using different law this time but the real message from the supreme court was that, this is a lot of money and in situations like this, you must go to congress you do not have the authority to do this. so what are they doing? they're waiting until the last minute and going to jam through a rule and handing out these forgiveness -- documents to people as they head into an election hoping to get political credit, and essentially saying and hoping that the court will not have time to do anything before it is all done and dusted hopefully they win an election because

they've bought these votes. >> alicia what kind of magnitudes are we talking here from the beginning how much money in total -- has the president written off so far? >> so by my calculation, the president biden has written off $850 billion that includes about $165 billion from the pandemic forebearance another 470 billion from, quote, unquote save income base repayment plans and then you have had these administrative tweaks like see he's announced on friday that equate to about $150 billion now pile on a new plan that the pen wharton model economic model suggest that could cost $8 -- 85 billion dollars. now he's been doing this installment plan so at the same time you don't really see it on the budgets. paul: why not because ultimately this is a taxpayer financed operation? one way or another finance it

through taxes or you finance it through borrowing why don't we see it in the budget? >> reason is because interest it is not showing up immediately and they take many years even when the government passes or congress passes budget it is not appropriating money for these changes. paul: right that's the key issue, dan which is -- never asked congress to do any of this and find and look for a law -- and say we can write these off but those wrpght part of the original plan when they came out with -- stiewpght loans. >> exactly. and, though, what does it say about the rule of law that -- supreme court rightly said that this is a sort of thing if you're going to spend this kind of money and 850 billion dollars not 85 billion, 850 billion -- that's sort of money should be appropriated by congress, and the administration said, quote, we're not going to be deterred by a supreme court decision.

that's quite an enormous extraordinary precedent to set for future presidents. >> exactly. i mean it is basically saying defying the court saying well, you've got your nice supreme court enforce it how many troops do you have? >> they are determined and we have to keep on this is a democratic administration and they're taking -- tuition for colleges and basically trying to socialize it. when -- question was put to the white house what if the means of colleges are now going to be able to raise prices on people as a result, and their answer was well by and large many people -- do or should go to public college is because they're not, quote, not profit driven. personally paul, i think that first lady is behind this jill biden he's the one who wanted free community colleges, and now she's essentially pushing the president to basically make public college free for most people by forgiving this kind of debt. paul: kim the thing thatth boars me one of the things that

bothers me about this is there's no reform here. at all -- so there's no incentive to reduce new borrowing. in fact, the incentive is take out more ultimately you will get it written off one way or the other and to colleges it is raise those tuition prices up and up and up because we're not on the hook for it uncle sam is. >> right, that's what they continue to do and by the way, that is -- i mean for some families yes. maybe they can get these loans but for other people they don't qualify and those costs are just -- piling on top of everything else you've seen with inflation. so i mean this is -- i've never seen an administration be so brazen about something like this and then terms of what you said of what could be the president. i mean, wait until maybe you get a future donald trump and he sayings well you know i found this provision here congress won't pay for this thing i want but ill do it. that is the precedent this administration is sending out so you know, please don't tell me about the rule of law.

>> we have rule by administrative fiat when we come back california spent $24 billion to combat homelessness over the last five years, and now a new audit reveals just what the golden state got for its money. our panel has the embarrassing o details, next. tardive dyskinesia, or td. so his doctor prescribed austedo xr— a once-daily td treatment for adults. ♪as you go with austedo♪ austedo xr significantly reduced dan's td movements. some people saw a response as early as 2 weeks. with austedo xr, dan can stay on his mental health meds- (dan) cool hair! (vo) austedo xr can cause depression, suicidal thoughts, or actions in patients with huntington's disease. pay close attention to and call your doctor if you become depressed, have sudden changes in mood, or have suicidal thoughts. don't take if you have liver problems, are taking reserpine, tetrabenazine, or valbenazine. austedo xr may cause irregular or fast heartbeat, or abnormal movements.

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>> california has spent 24 billion dollars to combat homelessness over the last five years. and now a scathing new report lace out just what the golden state got or more accurately didn't get for its money and audit released this week found homelessness continue to rise despite nine different state agencies pouring money into at least 30 different programs and what's more agency in charge of the entire effort did not adequately track outcomes to

determine which programs are working and which ones are not. we're back with our panel -- alicia you have followed this -- tell us what the results of all of this state action was. >> so -- what you saw is homelessness increase from about 113,000 homeless people in 2013 to about a little over 181,000 last year. now, these -- this was already documented by department of -- housing. but the new report what this actually shows is they have not been tracking what they are getting for many money in terms of how much is this cost effective and what this report found was basically most of the programs weren't cost effective. two may have been quote unquote appear to have been and it depends on how you actually measure this.

so what the report found was well it was cheaper to rehabilitate existing buildings and about 140 billion rather than build new affordable housing and had been 500,000 dollars. per unit but none of this means that it actually reduced or prevent homelessness. >> so why did the -- what were programs doing that caused they will to fail own how were they diagnosing problem and attempting to solve it because 24 billion in one state is certainly a lot of money. >> this doesn't by the way even include all of the money that the localities like san francisco and los angeles have been throwing at the problem. and the problem is that they're basically just prioritizing quote unquote housing first that is government of gavin newsom strategy but the problem is that most of these people on the streets are actually mentally ill -- and drug addicted and this all goes back to prop 47 in 2013 that made it very difficult for law enforcement to force these people into drug treatment or

mental treatment. paul: so kim, why is it that -- the progressives who let's say the democrats they dominate california politics. why this misdiagnosis we're talking about several years on, and they're throwing money into housing. but if people don't want to go to the housing, it doesn't matter. what's the problem? >> can i actually turn this on the head a little bit. we're talking about like well it is not just really that these programs have been ineffective at reducing homelessness. i think the problem is that these programs actually encourage more homelessness. and that's because the lax attitude that alicia was describing certain laws that are all about coddling -- this sort of or tolerating rather this community of people saying it is okay it's a valid lifestyle. so you couple that with a long time liberal belief if you just throw money at something you can

make everything better. i mean we're seeing the total collapse of those twin philosophies, that you should accept this as something, but make their lives better with more money. that's not the answer to this. >> dan it goes back and something you've written about a lot deinstitutionalization of the mentally ill a lot of people it is tragic and terrible. but they -- you know they get no treatment only the streets. so they just stay there and you can build a home for them they're not going to stay in the home necessarily. >> i think what is raised here is an issue that is a good political issue, and it has to do with democratic or progressive competence at governing. deinstallation and programs exist to help them and analysis to what's going on now with crime in many of these big democratically run cities. the idea was that --

prosecution was being too harsh on many young black men, and so we would pull back and put in intervention programs to help them -- avoid crime. the programs they create these problems and then they substitute programs that don't work the auditor of this problem in california literally says in his report these agencies are incompetent they don't know what they're disoig problems fester. >> alicia briefly, the way they measure success out there on these programs is not by what the results are. but what the inputs are how much you spend. >> well that's right, and governor gavin newsom just got a ballot initiative passed that another 6.4 billion dollars and he's proposing another $15 billion in his current budget for this issue. all of this will do is probably provide more jobs for the -- for the state i calculated about

83% of the new jobs in california over last year were in socialist assistance so this is essentially a make work project for government and social workers. paul: thank you we have to take one more break when we come back hits and misses of the week. ♪ ♪ ♪3, 4♪ ♪ ♪hey♪ ♪ ♪are you ready for me♪ ♪are you ready♪ ♪are you ready♪ i won't let my moderate to severe plaque psoriasis symptoms define me. emerge as you. with tremfya®, most people saw 90% clearer skin at 4 months and the majority stayed clearer, at 5 years.

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time now for our hits and misses of the week. kim, first to you. whatmy misses her direct file le wallace a pilot program from the irs it seeks to become not just your tax collector and enforcer but now your tax preparer. we've a long history in this country of americans being in charge of their taxes. getting to figure what they owe and the burden on the irs to prove that it's wrong bring progressives want to change that basically empower the irs to present you with a bill. the goodness is very few people are using the spared .003% of

those eligible. another reason for the experiment to die. cooks are from the tax agency and we are here to help you, bill. [laughter] looks ahead to the space program. america but the first man on the moon, no rent but the first non-american on the moon. as part of the prime minister visit to the u.s. he and joe biden announced future lunar programs are going to key to japanese astronaut not the most important part of this visit. a sign of tokyo's growing importance to space exploration. >> this is a mist of the education department which, while forgiving hundreds of billions of dollars in student loans also managed to completely bungled the role out which is because financial aid offers to these students should be delayed by months. however, no went and the administration is even apologize let alone lost their jobs.

i just been in the biting administration means to never say you're sorry. >> a right dan? >> it's a miss this part of our time's recent report shows increasing number of wealthy americans are getting passports from second countries to go with her u.s. passport high on the list of countries is italy, portugal, malta and greece. one of the reasons is that with the ability to live or travel freely throughout europe. apparently where the other reasons is, if the pat's passports is a from portugal or greece they're less likely to be taken hostage. it is a sad commentary on our times when americans could not admit when they are traveling that they are from the united states. >> that is it for this week show. thanks to my panel and to all of you for watching. hope to see it right here next week. ♪. arthel: president biden is heading back to the white house in this hour to meet with his national security team