producing with his leadership and the positive tone from the top. that is why they are so up in arms. lou: herman cain, thanks. good night from new york. kennedy: a huge victory for republicans as lawmakers finally pass their sweeping tax cut plan. but will it work? how did so many u.s. military weapons end up in the hands of isis. christmas censored on campus. when will they learn? the president finally slade his legislative dwra goon and put the tax baby to bed. he took a humble victory lap earlier today. president trump: this bill means

more take-home pay. it will be a christmas gift for hard-working americans. i wanted it done before christmas and we got it done. kennedy: it is not perfect, it was rushed. but if the best parts are ex tranltsed it's not hard to see the benefits. the left has been pushing a justification for resistance. apparently democrats hate when they make money. the only kind they like is the kind they steal from you have by force and they get to redistribute. there has bean lot of whimpering about the corporate tax rate. the cut is a great thing because businesses small and large will owe less to the federal robber barrons and will be able to do more with their newfound

hard-earned cash. this puts democrats into fits' apoe flexy because they -- the natural gravity of the free market plumps capital so businesses can grow as they choose. it's an exercise in rationalism. and if nothing else, bumbling congress will do less so the economy can do more. welcome to the show. i'm "kennedy." for most of americans the number one question about the thanks bill is will i be paying more or less of my hard-earned money to

uncle sam. there is no one better to ask than republican congressman from the great state of kentucky, thomas massie. >> almost all americans will see a tax cut under this program, as long as they pay taxes. it's hard to give you a tax cut if you don't pay taxes. kennedy: ask your friend marco rubio with the child tax credit. that's essentially a subsidy. they will get money back from the government for the bold step of having children. >> some of these tax credits should have been reduced and weren't. there is a lot of tax cuts and not as much reform it started out with. but the tax cuts are the main thing. most of americans will see a tax cut from this. kennedy: let's talk about the corporate tax rate.

many economists say there is no guarantee lowering the corporate tax rate will do anything for working americans. >> it's called capitalism. when you let the companies keep more their money they will reinvest that money. but people are asking, what if they just give dividends to their share hoarlingsd or buy back stock. if they do, their competitors will invest in training their employees and those who sit on their cash will fall behind. kennedy: you make such a good point about distribution. they should be the ones to choose where that revenue goats. if they just -- where that revenue goes. if they just sit on it or reward

their shareholders, that's their right. the bernie sanders of the world want to turn the u.s. into venezuela. >> lowering the corporate rate to 21% means we won't be punishing companies for doing business in the united states. you will have companies that were moving offshore that decide to stay here or companies that did move offshore that will come back because of this lower rate. kennedy: we are always vigilant about civil liberties on this show. it's been tough to talk about because we have spent so much time talking about the russia investigation and the tax plan. but there is a deadline looming for the fisa act. >> it allows our government to spy on foreigners.

the problem is the fbi has been using this as a back door to spy on americans. this program expires december 31. we have an opportunity to refine it. some civil libertarians on the democrat side of the aisle are pushing hard to get an amendment in there that i have offered in previous years and it passed in previous years but never made it into final law. it would require a warrant if you want to go into this spy data base and surveil americans. that's all we are asking for, get a warrant. kennedy: that's constitutional and that's how it should happen. you can still catch bad guys. most of rational people aren't against that. but we agreed to play by the wool book that is the u.s. constitution, and you have to

abide by that no matter where you sit in the federal government or law enforcement. what are the chances of an amendment like that making it into law. >> one of three things will happen. either it's going to expire. or we get an amendment that's there and we change the. or as congress wants to do, they may just punt this a month then we bring up the argument in january. but we can keep them from reauthorizing them for four or 8 years without any changes. we made a play to do that and they shut it down. kennedy: where is the freedom caucus on fisa. >> i met with the freedom caucus last night. they are strong on this issue. they are ready to fight on this. not only do we stand up for the tenth amendment, this is a 4th

amendment issue. if the government wants to surveil people, the constitution requires they get a warrant and have probable cause and name the things and people to be seized. have a beautiful christmas, congressman. kennedy: critics say the tax plan unfairly benefits the wealthy and corporations. supporters say that's not such a bad thing because it will spur higher wages and growth. jessica tarlov is here, along with a legend in the liberty movement, matt welch, and former new york congresswoman nan hayward returns. nan, of all of us here, you are the only one who sat in congress. what do you think of the tax

plan? >> i think it's a tremendous step forward. can it be improved upon? sure. but it represents a real return of resources, capital and control to the american citizens. that's what we need. when i was in congress i saw the way government squanders your money because government is political. everything government does is done with cronies. kennedy: what do libertarians get out of this bill? what is the libertarian perspective. >> the best thing you get is a lower tax rate exceptn if you live in new york and work in the media. but the vast majority of americans you pay federal income tax plus kerp raitions. the flip side of that is we are

getting to a stage now where the committee for responsible budget says we'll get to the trillion dollar deficit as soon as next year. increasing the deficit by $1.5 trillion. that has an impact on economic growth. what i worry about is we'll get a lot of good stuff happening in the economy and because of the regulatory activity the trump administration has done. but if we have 120% debt to gdp ratio -- kennedy: it's like having a great body and an ugly face. there are a lot of people on the left who say nancy pelosi used the words armageddon.

why do you hate money? geoff i love money and i will have a little bit more of it, i have to check. that's the talking point donald trump used when he said i'm going to make helping funders really pay. trish regan said it's not way it's suppose to be, the private equity guys aren't supposed to be this well off. but they are the ones who pay the most of taxes. if you are so concerned making sure middle and lower income americans got a break, why didn't they go higher with the individual cut. i get the corporate cuts. but this is something that even

republicans were saying why aren't we cutting the individual rate which reconciliation. >> jessica, you are an outstanding democrat, you are a rational smart democrat. but democrats in the senate refused to get on board with any of this. kennedy: there are some that would benefit if they brought this message back to their states. >> because they wouldn't, the republicans tried to pass a bill with only 50 votes. so they chose reconciliation. reconciliation says pay for it with limitations. and that's why we couldn't lower rate more. kennedy: zero democrats voted for this one. and the reason might include gloom and doom hyperbole from

party leaders. >> the republican thanks bill is like pouring gasoline on a ranging fire. >> this gop tax scam is simply theft. monumental brazen theft from the american middle class. it does violence to the vision of our founders. disrespects the sacrifices of our men and women in uniform. kennedy: what the hell is she talking about? why did democrats say they hate it so much? joining me is robert wolf. what is so hateful about this bill that it causes nancy pelosi to reach into her deadly thesaurus? >> i wouldn't say i agree with the rhetoric and use the word "hateful." i'm for corporate and individual tax reform.

this bill is not simpler. kennedy: i think it is problematic. but i don't think the problems were fatal. >> i don't either. we have a difficult tax bill going to another difficult thanks bill. where i have the biggest problems is something like the individual mandate. i don't understand why they couldn't attach something like the alexander murray bill to it. we know 13% of those people who need understand get understand. so that premiums don't rise. kennedy: why should the government force them to get understand? >> that wasn't what i said. what i said is if you are going to get rid of the individual mandate, attach the other bill that keeps the exchanges and premiums. when you do something that grand and that large, it should be an interim process. i think if they took that as a

starting point and would have continued to make changes continually i think we would be better off today. but i think we are bert off with than without it. kennedy: i would disagree especially for people paying double the premiums. they have higher deductibles. you have a third of counties in the country down to one choice. >> but i can tell you how many people are paying less and how many people are with insurance who wouldn't have. kennedy: we are talking about people not on medicaid and don't get subjects does and they have to provide their own understand. if you look at the failure of obamacare why wouldn't the answer be more insurance? a lot of these things have great intentions. >> i'm not for the single payer. i'm for an interim process that

allows americans to have healthcare as a right, not something that should just be a priority. it should be a right. in america what he should have healthcare. >> i'm for innovation. i'm for a lot of things. kennedy: i love drug companies. >> i said drones. we are look at solar firms and wind turbines. we are doing work with fox. kennedy: i hope the economy grows from this regardless of where you stand. people who are independent like me, we just want to see growth. we are sick of the party talking points from both sides. >> we needed to lower the corporate thanks rate. i agree with what jessica said. why didn't we give more to the middle class? kennedy: because people in both parties can't control themselves

and cut spending. you would see lower taxes if the government wasn't so addicted to this revenue. they take more and spend more. >> then you would not be for this tax bill. kennedy: i'm for the tax bill and i'm also for spending cuts. and privatize infrastructure. great to see you. coming up, a report claims weapons supplied to syrian rebels were stolen and used by isis to fight against american-led forces. should the practice of arming foreign rebels continue?

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from the u.s. and some they got from syrian rebel forces. we gave it mujahadeen to fight the soviets in the 80s, and they used those weapons against us in the 90s. lieutenant colonel ralph peters, welcome back to the show. it's always a big fear for people who are opposed to any sort of military intervention is that good weapons end up in the hands of bad people. is there any way from stopping this? >> no. battlefields are messy places.

when you have a multi-sided civil war fought largely in urban areas, things get pretty confusing. so what you have to do, instead of trying to make this a scandal when it's not one, look at the end result. we had a modestly equipped program to give weapons to sir ran rebel troops. the result is the islamic state caliphate is gone, dead. i am sure the people that started this program, they knew from the start that some weapons would fall into the hand of bad guys. because on battlefields, your guys get killed to and the weapons get surrendered and stolen. kennedy: when you say the battlefield is messy and we

don't necessarily know who our allies are, i think that's all the more reason to reexamine our foreign policy in the middle east. i guess my question is we have technology that allows us to find our i phones, and this may sound incredibly naive. but is there a way of equipping it in weapons with the same sort of tracking devices and telling? >> yes, there is always a way. but do you want to do that and spend that much money? the kind of weapons -- we weren't spending that much. we were spending a few million on these programs. given the result of a destroyed caliphate, that's pretty good. kennedy: you still have the problem of the lone wolves radicalized here and abroad and they want to do us great harm.

but we haven't taken care of the problem of radical islam and its manifestation. taking away the caliphate only scatters these freaks and thrord knows where they are. >> you pay off your student loans one payment at a time. kennedy: but then you have a mort gaining and gambling debt. >> trying to turn this into some sort of scandal doesn't work. we gave a relative handful of weapons. some of them went missing. it will always happen like that. these are small arms. very few of them with any sophistication whatsoever. they captured from the iraqi army to the syrian army or bought on the black market. 90% of them came from russia,

china, eastern europe. 3% of the weapons we recovered from isis. 3% were from nato countries including the united states. kennedy: i don't trust the actors, but i don't think that's justification for rampant interventionism. it's one thing i like about the president's foreign policy. he doesn't want to get us into more of these costly and complex wars. i want to wish you a merry christmas. i hope you are standing under mistletoe at least 15 hours a day. >> i carry the mistletoe with me. if i show up in new york, be careful. kennedy: celebrities often talk a big game but seldom back it up. say what you will about rosy

o'donnell, but at least she put her money where her big ole mouth is to bribe republicans to vote against the tax bill. today we're out here to test people's knowledge about type 2 diabetes. so you have type 2 diabetes? yes i do. true or false... type 2 diabetes more than doubles your chance of dying from a cardiovascular event, like a heart attack or a stroke.

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kennedy: the on again-off again romance between president trump

and rosie o'donnell took a turn yesterday when she offered two republican senators $2 million apiece if they voted against the republican tax bill. many were quick to point out it's illegal the offer a lawmaker money in exchange for making a vote. is this the end of rosie or the beginning of a new form of democracy. matt, is this groundbreaking and creative or deplorable? >> it's beautiful. the best response would be to pocket the bribe then vote against they are wishes. do the willy brown of california old school. we talked about this earlier in the show. there is baked in mierp bowl in democratic discourse. there isn't a wolf. but you have need to say wolf

when one is coming, not when you modify the fcc's net neutrality rules. this doesn't mean millions are going to die. and it's not armageddon as nancy pelosi says. i need you people to be right next year when he does something truly crazy. kennedy: to their credit nancy pelosi and chuck schumer do try to tamp down the impeachment rhetoric. jessica: to your point about it being hyperbole. everyone should read the atlantic profile of mike pence. i read 75% of it.

republicans guilty, too. we are going to turn to venezuela. you need a certain set of circumstances to turn into venezuela. >> when bernie started running i did start learning spanish just in case. kennedy: do you hope republican billionaires do the same thing with democratic lawmakers? it's a little more honest of a transaction. pretending this lobbying is above board. that's how the disgusting filthy system works. so why not be honest about what we are doing the money. i'm all for transparency. the supreme court made the right decision because it's all speech. the best way to approach this

challenge is to disempower the federal government progressive live so they are tints fearing less in our lives and we won't feel we have to appeal to them for everything that happens in our life. rosie o'donnell is crass and tasteless and always has been. kennedy: ben shapiro was appealing to jeff sessions to lock her up. matt: there is a convincing tweet storm saying no. kennedy: i think you can argue it's entertainment, but it's a dishonest enterprise. >> nothing happened in that regard. one wonders why. kennedy: it could be president

trump's favorite trade. county require many all fake news. it's phoney stuff. fake news, fake news. fake news. kennedy: but americans are not that crazy. the phrase. in a mayo -- in a in a marist pn asked to name the most of after he nowing word or phrase, it came in first. and literally came in second. >> i could literally eat a house. i try to get worked up about the whatever thing. but i couldn't manage it. i still love clueless. that's where it came from. it's such a great word.

matt: whatever. kennedy: you are write, she wrote a note to her dad and flipped it under his door and said i want to write a song with her. matt: the only word that didn't survive is bitchin'. jessica: when i was reading that list i was thinking to my self my entire vocabulary i use on tv is contained in that list. kennedy: can i have one more word? this is base a middle schooler. savage. mom, that's savage.

she says it so sarcastically. if she thinks i'm dressed like a dork, she says savage. i want to thank you all. >> like fetch. kennedy: i want to thank you and wish you the happiest of holidays. those celebrating christmas. hanukkah. >> the winter's som winter solsg tomorrow. kennedy: casey culture at universities. the madness will never ends. i'll ask this is what it's all about, jamie -- helping small businesses.

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[♪] kennedy: if you plan on being around the university minnesota, bring your battle armor because the war on christmas is in full effect. officials are warning students against inappropriate religious celebration.

that means santa claus, christmas trees, even the colors red and green. apparently they no longer require vocabulary in definitions. hanukkah also under attack. they ban any noras and blue -- think ban menorahs. and blue and white decorations. what further steps can we take to make sure there isn't a shred of joy in anyone's cold minnesota heart. robby soave returns. this is so sad. i thought the war on christmas had been won like the war on isis. what happened? >> we have to fight it year after year. the administrators at the university of minnesota circulated a letter warning people on campus, if you see anything that's festive in a

religious manner including presents wrapped with bow ties, you can report that. kennedy: what kind of emotional and mental deficiencies do they have if seeing a present triggers something? >> i understand why you have to keep formal religion -- stop it from being endorsed by a public institution. but a santa hat really the same as a cross? kennedy: a baby sleeping in a manger, i get it. you can't leave babies out in the cold. all you want to do is decorate your dorm room with some lights and a little bit of silver mercantilism. >> they recommend going with a winter theme, maybe snowflakes which is ironic given the jokes we make.

although even winter these, the winter solstice was a pagan celtic pagan celebration. so i don't know if that would escape the celebration as well. kennedy: it's sad that on campus you can't have any fun anymore. i will pray for the souls and hearts of those in administrative positions at the university of minnesota. until then, have a merry christmas my liberty elf. very good. coming up, santa forced to make a water landing in san francisco. we'll tell you if he lived or died. and where you can get a great deal on reindeer

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kennedy: the senate intelligence committee launched a probe to see if jill stein collude with russia during the campaign which caused voters to ask, who is jill stein? we begin in lovely st. helens,

oregon where the police have zero tolerance for drunk driving. police stopped this man for speeding. at first he refused to talk, but then he put on a hat and wished them a happy birthday in the type of slurred speech you a would expect to hear on a late night voicemail from nancy pelosi. they didn't buy his excuse that he needed to get back to the north pole before he melted because he was driving with the heat on. he was arrested and his car was impound along where a corn cob pipe. apparently snow wasn't the only white powder in his system. topic number two. the atlanta falcons tried to

implode their old stadium last month but it did not collapse unlike the falcons did in the super bowl. this time around the georgia dome went full hillary clinton and collapsed to the ground way a healthy person does when they overheat on a 65-degree day. the blast caused a terrible mess of noise and smoke which is the same way people describe a kiss concert. but unlike a kiss concert you don't need to be plastered to get through an implosion. it will be transformed into a green space next to the falcons new stadium it's not a

designated spot to smoke your reefer. falcons. topic number three. mcdonald's is selling a vegan bigger at select locations in europe. fit catches on it could make it way to america. yes, the meatless so -- soy pay is served on a bun. earth to mcdonald's. nobody goes to your restaurant to eat healthy. that's like hiring a hooker to snuggle. people used to do it in my old job. the good news is since they went vegan there has been a 94%

reduction in crime. it takes twice as long to order because they have to work the fact that they are vegan into the first sentence of every conversation. no honey for me, please, i can't eat it because i'm vegan. it's enough to make you grimace. topic number four. the california academy of sciences launched a santa show yesterday it was a smash hit with the people of san francisco because kid love santa. and they like to see someone taking a dive beside the 49ers. he's hanging out with the fish in the coral reef tank. hi, santa. if you can't make it down to the

aquarium, they also stream the santa on a webcam. but you have to be careful not to click on the mrs. clause webcam. it's a totally different show. it's the most of wonderful time of the year when you open up your mail to find a fruitcake or cards from people you didn't know were still alive. this is viewer mail. john starts with kennedy, i'm not sure what happened to you. but you need to get your mojo back. you are like liver and onions for dinner. it's the best i can do, john. side, ordinary name. why are you and your glasses

still on tv? because i have an astigmatism, monti. you are a glassist. i thought kennedy was a smart woman. not anymore idiot. terry offers, oh, kennedy, i don't even know how to help you. you are so misguide. rob closes it out eloquently with airborne. good-bye. snob, rob the snob is a big glob. i don't want to hobnob with rob. a new poll shows americans don't

like hillary clinton as much as she thinks they do. will she get the hint and it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. looking for a hotel that fits... whoooo. ...your budget? tripadvisor now searches over... ...200 sites to find you the...

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kennedy: at this beautiful time of year the' important to take stock in what we are most of thankful for and the gifts we received throughout the year. hillary clinton is a gift in and

of herself. the higher her profile, the lower her approval rating drops. she has lost five favorability points since june because she won't stop flapping her trap over her humiliating election loss and her tour of blame and shame. republicans hope and pray she sticks around and runs again in three years. as long as she hold her party hostage and stays where she is, there is no oxygen left. bill has also taken a hit. if hillary wants to help her party and not herself, she should do the favorable thing and just go away. thank you for watching the show. you can follow me on twitter and instagram.

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