tv Bulls Bears FOX Business April 23, 2017 2:00am-2:31am EDT
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this after the show. >> goodbye, take care. the genes we will be having a big announcement wednesday having to do with tax reform, process had begun long ago but it begins on wednesday. >> donald trump promising a big tax reform announcement before his first 100 days are up next saturday. with the economy sending mixed signals and some companies reporting next earnings in sales, one of our guys says it couldn't come at a better time. this is boules and bears. gary smith, jonas, john layfield
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and chuck, welcome to everybody. you say republicans better cut taxes soon for the sake of the economy. >> they have been talking about this since president obama was in office the last 7 years, they need something, need to show up at work and do something they say they are going to do. our personal tax reform, in 31 years, 1986 to the last time, president reagan's second term. look at the highest corporate tax rate in the world, my friend from east texas pays 50% tax, 50%. when you count city and state, his personal income, that is not fair. it is not right. if you take that and get two people like chuck $.30 more on a dollar, say 20%. if you are able to do that it goes to the economy through spending and hiring of
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employees, the market was flat from november 2014 to donald trump was elected, the market is expecting tax cuts, republicans better do something you say you are going to do. dagen: the economy according to some expectations isn't even going to grow at 1%. the american people need tax reform. >> it is a miserable prediction when it comes to growth and the labor force participation rate, we haven't fully recovered in terms of putting americans back to work but tax policy is not the only thing that exact the labor market, healthcare affects our economy whether we are talking immigration or closing the skills gap, making the education better, many issues, understand the urgency to address tax reform but would rather have good policies and bad policy.
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dagen: what do you say? the market and the s&p well off of their highs for march 1st. >> i think if trump manages to get through congress, he can be a really transformational president. here is the case for lowering taxes. look at the flip side when we raise taxes, 32, 37, 93, roosevelt, hoover and clinton, all put the economy into the tank. there are no examples where we lower taxes and put the economy in the tank, just the opposite under reagan, kennedy, the economy boomed. the other argument, if i really thought there were fact saying giving more money to the government to spend stimulated the economy, increased jobs and gdp i would be for it but we try
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that under obama's $1 trillion stimulus plan? don't we have disasters with monopolies like amtrak and the post office, can't make any money, it boggles the mind there are people on the left, give the government more money and that will stimulate the economy when there is no examples of them doing that. dagen: taxes went up and the economy hasn't grown at 3% in the last decade. say this with me, cut my taxes. >> i am a small business and my taxes are too high. i sound like a republican even though i ran a socialist presidential campaign. there is a fishing boat in florida that would be sitting in my driveway if you would lower my taxes, i would stimulate the economy because i would buy that boat and it would be sitting there. let's talk taxes and a whole, so like an oxymoron because of how i speak but let's think of it in
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this way. 39% tax, 9.9 because i live here in the nation's capital, what about the folks at gen verizon who pay 50% taxes, lawyers and accountants and lobbyists, making sure, it is the little guy who has been left out which is why you have donald trump, bernie sanders, people are sick and tired of being sick and tired. dagen: we need corporate and individual tax reform. >> texas or florida, 10% off of that right there. i will say what john said, the market expects, investors are expecting the tax-cut. we saw interest rates jump 1% from for the election. historically we were a lot higher. and other parts of the country. it is already dragging because
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we expect something that is not coming because we do not get tax cuts that were built into obamacare or the tax reform package. that said, little guy to check's point is not paying a lot of taxes, they are paying a small amount of taxes, through april 17th or 18th, takes a long time to pay $400, retired people and older people, they need to reform that so we don't have to spend countless hours hiring people through this mess as worse for corporations, the ones that are not tapped through smaller companies, it is a mess that needs reform and that is an economic stimulus plan. dagen: back to your earlier point, on maria bartiroma's show a prominent economist said if we don't get tax cuts and healthcare overhaul this country is going into recession period.
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>> i don't know about draconian calls about going into recession. it is not that great but you say policy, any policy, these guys had seven years, i'm against democrats too, i can't stand any of them. like most of america they are all buffoons that need to go to work and do something. the republicans had seven years to get something on president obama's death, like they said they would do by repealing obamacare, 7 years to get something about tax reform and they simply didn't do it. small business get stuck with this, big companies have bought off politicians for decades, why the textbook is 72,000 pages because they bought off politicians, the effective rate somewhere in the 20% range, you can't by politicians, they create 50% of the jobs, stuck with the highest corporate tax rate in the world, and if you
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give them that help the economy will rebound. dagen: john is ready for a smack down. you better stick around, don't know what will happen is cashing in just an hour from now. what is coming up? >> facebook, the posting of a video showing the murder of a 75-year-old man. what should they do to stop it? the paris terrorist suspect in prison, do we need to do whatever and spend whatever to make sure it doesn't happen here? we will see you. dagen: coming up next another terror attack in france, disturbing report about venezuela. one of our guys says we need to beef up security at the southern border soon next.
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"bulls and bears". dagen: one week today, day 100 for donald trump with tax reform, healthcare reform, potential government shutdown. sure to be a wildly, neil cavuto will be all over it with a live special at 10:00 eastern time. isis claiming responsibility for the latest terror attack in paris, a new report says venezuela issued thousands of illegal passports in middle east countries like syria and iran which homeland security secretary saying the next terror attack could be committed by somebody crossing the southern border. the reason gary be says the trump administration pushed to fund the border will wall is the right thing to do right now. >> it is a matter of time that
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someone driving through the holland tunnel throws a bomb out the back of the car, speeds off and part of the total collapses or some other catastrophe like we had on 9/11. to think that terrorism will be confined to european countries, and the boston marathon massacre is ludicrous, trump says it was voted on. don't know if it was a wall or a mode or thousand of drones flying across which i am the next world war we are fighting and just like world war ii where we spared no resources to win we need to do it in this case. dagen: jonas and the white house budget directors and funding for this wall must be in the spending bill. >> people voted for this law. this wall even with the fear
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mongering, democrat said it could be $70 billion, a little more than the homeland security budget. and a bigger issue that is not that expensive to solve but first the people come and haven't solved that problem, let a country collapse, to prove socialism doesn't work which we already know and people in the middle east can't -- passports issued in the middle east we don't want coming here we have to address major shortcomings and they will not cost $100 million. this is a technological problem we are not addressing. dagen: the trump administration's initial request for while funding with only $1 billion. >> in washington that is a small
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amount of money relative to the federal funds but when secretary kelly talked about the southern border and what is keeping him up at night take comfort in the fact he is concerned the administration will pay closer attention to enforcing immigration laws as written which secretary kelly said and if there are changes like allocation of resources, congress will pass those laws and will be enforced as written and we can take comfort in returning to rule of law when it comes to immigration policy. dagen: tough talk has certainly send border crossings plunging 70% in a couple months from the same period last year. >> we thank god for our men and women who are keeping us safe, no one is arguing that but let's look at what you are talking about with the reduction, we had 1 million residents moving back to mexico, the mexican economy is doing better but i don't terrorism is coming to the southern border.
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our airports, the point about visas, the wall cost $25 million, you could give every texan man, woman and child $885. that buys a lot of whataburgers if you want to stimulate the economy. dagen: we have to listen to the head of homeland security. if he is concerned about a terrorist or terrorists coming across the southern border we have to trust that. >> this is not about immigration. this is about security. the gang violence is worse than baghdad on the southern border. every president since reagan has said they would secure the border, every president has had success but nobody -- this is not about immigration. this is about security issues and the nomenclature of the wall is all all arising you need to forget that. there are areas that don't work, many geographical areas it doesn't work.
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it will be a combination of a lot of things. we need to secure the border not for immigration or illegal immigration per se but security issues we are facing in the modern world. >> check's point went to burgers and chewing tobacco go together? that baffled me. the other is jonas reiterated the point a lot of us made. right or wrong, the general umbrella john said of the law, trump ran on it, let's do it. dagen: cavuto on business 20 minutes from now, what have you got you >> from one hundred days in office, squabbling over how to pay for tax cuts. someone has proof they will pay for themselves and lawmakers getting ready for united nations executives on the hot seat after
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parents at a quarter of the are not working or going to school. whose fault is that? >> it is a confluence of factors, cultural factors, my generation is doing a lot of milestones later than previous generations like moving out, getting married, starting our own families, buying a home of our own but a lot of things have to do with the economy when it is the job market we entered two years ago, poor job market, we carry $1 trillion in student loan debt. there are economic factors at work. it is a choice, my generation does not are you living on our own or buying a home as previous generations have. dagen: maybe they're living at home for the food. >> maybe. a lot of this has to do with student debt is the economy has left a lot of younger folks behind who can't get first-time mortgages, this is personal for me, my grandson lives in my basement, works for me at my firm. he has twin boys day with us who
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can stay with us every week, giving me a new appreciation for we call them the roach boys. they will be jumping from the top because that is what they are doing. anything could happen. dagen: you will make them pay their own way. they be wrestling by the time they can stand. >> we start fishing shows with mexican rednecks, we will be fishing, there will be a ton of it. >> check is from brooklyn. i beg to differ with hadley because someone who has a millennial living at home like chuck i don't think it is cultural, they are taking care of the parents, they don't value left on their own. it is all the economy. my daughter will be happy to move out in a heartbeat if she had a job.
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she can find a place to live. it is all the economy. i guarantee you when you are 27 you don't to live with your parents. you want to be out on your own. if the economy was better she wouldn't be here and check the there. dagen: gary minute he is a tyrant. john? >> benevolent tyrants. >> i want to be on a fishing show with chuck's grandkids, sounds like fun. quite appealing in dallas. good for parents like chuck and gary be that have the ability to take care of their kids but for the most part the majority of this group not given too much credit. we had the greatest generation hail bullets in the antiskid the living with mommy and daddy these days. i'm not a fan of these millennial's. dagen: tenderfoot to need
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coddling. change of the rent is too high the percentage of people doing this in new york and new jersey, did they gets all the bad bill of goods and get worthless degrees? sure. we have a serious problem with the birth rate, kids pay taxes to take care of social security and medicare and get home is why the birth rate is low, where parents go on a cruise before you can around. dagen: thank you, great to see you. starbucks new cappuccino won't only give folks a sugar rush but give another company a huge rush
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6.4%, it is up 20% and i own it. >> starbucks unicorn cappuccino turningeoeoeoeoeoeoeoeoeoeoeoeo addict. dagen: i can't believe you got through that. neil now. neil: can you believe we are one week away from donald trump's 100th day in office is key conservatives are saying cut those taxes today. happy to have you. charles payne in my absence, that is what i am going to say. enough. some of donald trump's campaign advisers telling the white house to quit squabbling over how to pay for, it doesn't matter, boost the economy now and the federal reserve is out of the city this business, start
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