explain to us where people are coming first. ashley: campaign where they rote things on cups. charles: they asked people to right about race relations. liz: on a cup? charles: thank you very much. the man is next. neil cavuto. take it away. neil: charles, thank you very much. we're focusing on the president of the united states, 45 minutes away from making pretax day announcement. arguing that the tax cuts will be manna from heaven for taxpayers, even though the tax filing deadline is reflective of taxes you paid last year. the president will make number of comparisons for individuals that launched a rocket for this economy and some poll numbers he is convinced are going republicans way. you could have a heck of a time seeing that in some of the poll data. in an interesting subset to some numbers out today, when americans are queried where do they see control of congress going what they would prefer, the 10 point gap democrats has

over republicans narrowed to seven point gap. whether it has to do with people feeling better about that or their own prospects. dow is higher better than 215 reports. a lot of relief rally continues after the syrian attacks over the weekend, despite assad following up with attacks over rebel positions that he was targeting. former bush 43 special assistant ron christie. ron, to you on the fallout for this the president getting back to what he thinks are winning issues for him, tax cuts, strong commander-in-chief. what do you think? >> good afternoon, neil. this is what the republicans need to do. president talk a lot of credit for with town halls and to great fanfare. a lot of distractions are

president trump's own makings. go back to the bread and butter issues and tax cuts are a winner for him. neil: noelle, you talk to fund-raisers and those raising money for republicans and what are their concerns for november and what are at the they telling you. >> they will support republican candidates. neil: do they think the president helps that cause. >> sometimes no, sometimes yes. they're very excited about the economy because as you know the economy basically, the underpinnings of the economy are solid, they're great, but just every headline out of d.c. is negative. so they don't like that and the tweets don't help anything either. what i have noticed, this morning i got an email from the rnc. it said they will put $240 million into the midterms, which tells me it is good they're going to do it but tells me they're looking at this, that is a lot of money to be pouring into the midterms. neil: really? you think they're worried you

say? money into a full effort? >> we had a couple of races should have been red that went blue. think in mind both of those candidates were very strange candidates. >> one was strange. one was bad. >> doesn't make any difference. the enresult we lost them. i think them putting $240 million they're showing muscle. we have more money we raised tan the dnc, if they have a big blue wave how come people are not dough faith other than tom steyer. neil: the big blue wave, attention with the president's lawyer michael cohen. stormy daniels will be there at 2:00 p.m. today. right in the middle of all of this you get this. i wonder how those two fight each other? >> those are hard headlines to fight. storm any daniels versus trump talking about tax cuts. net-net he probably loses on

that even though he should win on it. here's the thing, neil, i don't believe we had a sweeping overhaul of the tax system. we had a sweeping overhaul of the corporate tax system is. the individual tax system really wasn't changed that much. we gave marginal tax cuts to people who don't pay a lot of taxes. we may have raised taxes on certain people. that has to shake out a little bit. the thing that scares me about the corp. tax cut, are we seeing the gdp bounce we should see out of it because if we don't, if we don't get to the 3, 3 1/2% gdp growth, we will have much higher deficits and much higher rate. >> rate hikes are looming. and hows fast. >> that is a problem for the markets in the midterm. on friday the markets were generally tanked. they tanked i tweeted out from trading desks, the trading desks i said it like this, it was clear, speculation, are now speculating that rod rosenstein

deputy attorney general in the charge of mueller probe, president trump doesn't like, gives mueller too much leeway, he is ousted. tells me markets are coordinated on mueller stuff. neil: the worst it looks for president the works for the market. >> they are coordinated with negative mueller and we'll probably going to get a lot more negative mueller news. neil: there are a lot of competing issues here for the president to deal with and not the least of which where this investigation is going, what might happen to his personal attorney, what have you, but play that out here? the tax cuts to charlie's point, the real economic impact, sort of independence, whatever, how do republicans seize on that as winning election issue because it hasn't quite you know punched

through yet. >> hasn't quite jelled yet, to noelle's point, if you pump 240, $250 million into the upcoming election i think republicans are worried and rightfully so you hear all the nonsense about the blue wave coming. neil: you could flip that around and say they believe spending that money will win. >> right. neil: if you're leery of wasting money you wouldn't do it. >> they're not saying they're worried about it. their spin we'll do because we have the money and we'll out spend it and we believe in our candidates. >> and we should go on the offense and trumpet our message, we have a pro-growth agenda we enacted on american people and don't let a lot of democrats drag us down with it. >> i do worry if you're buying stocks if you're worried about markets which i'm always talking about markets you would expect more negative trump news, mueller news for trump. you expect a blue wave, that is bad for the markets. i mean that is really bad. >> i agree with that. >> one of the things tom steyer is trying to convince the

democratic candidates to run on, if they win and they get a democratic house they are going to impeach trump. so that is awful. neil: i believe everything they say, both sides are very much poll tested. when i hear cory booker in a conference talking about the crumbs and nancy pelosi line on these tax cuts, they must be polling that and sensing americans are looking at this and say you know really isn't much to write home about. >> i think it is also a mistake. crumbs, really? talking about middle class family actually seeing return, seeing more money that their pockets every month and democrats say if you elect that -- neil: turn that around, ron. >> yes. neil: if republicans are in this polling distressful area they're in where would they be without the tax cuts? >> they would be in worse shape. the stormy narratives and trump narratives they would be in worse shape. we need to articulate a clear message this is what a republican controlled congress

and -- >> that they have -- >> the problem republicans have from macroeconomic standpoint, if you compare tax cuts from individuals to businesses they were crumbs. these are very small tax cuts. >> i don't know -- >> look at job growth, wage point. >> let me make my point, very small compared to corporate tax cuts. >> but it trickles down. it trickles down. >> let me just finish. i got it. i got it. my point is, if it does trickle down, it is great for the republicans. if it doesn't, they got a real problem. and jury is out. >> so far it is. >> trickle down we heard that firm before. >> ramifications on trade war either. we're still not finished with that. neil: could i flip, to the syria attack over the weekend. how quickly bashar al-assad doing conventional attack on same rebel compounds and positions, chemical attacks,

this time using conventional military, the obvious response he is feeling emboldened, he has a lot of russian backing. do you get a sense we'll revisit this again? we're readying russian sanctions to deal with it. that particularly hit the russian stock market. it hit a number of russian aluminum players. one of their biggest is down 70% in two weeks. outside of that, if they're cowered they have a funny way of showing it. >> how much more, how much more than we revisit we're saying without entering into an all-out war? because we did the first deal. neil: fair enough. >> mission accomplished and we bombed strategic targets. neil: but it will beg the issue now, what will you do? >> we don't want regime change we don't want to enter with russia and iran, if you're drawing another red line, you have to do it, what is to say -- neil: how much is the president -- he is arriving in florida where we i will be

address this tax cut situation, no doubt referring to syria moves as well. he means what he says. says what he means. you have to confident commander-in-chief. pay no attention to this guy who has a book out and all the attention he is getting. no attention to stormy. >> what guy is that? neil: focus discuss what i'm doing, that will be the gist of his message, what do you think? >> i think that's right. when we were the in white us the president was dubbed by number of domestic issues he came out strongly with attacks iraq and afghanistan. that is where the president united states the taxes with most powerful position. if the president can articulate a message with allies, uk and france, why humanitarian grounds we're taking actions we have will watch the polls tick up in his favor. >> i wonder what he can say. neil: i hate charlie gasparino. >> i hopes he changes the subject so i can tell a few books. i have a few books bouncing around. i wonder if he goes after comey.

>> that is the beautiful thing about it. not only is he you can't predict them, i don't think he can predict himself. i don't think he knows. >> is that a beautiful thing for republicans? >> no! no. neil: guys, thank you very, very much. president making tax cut remarks on deadline eve or taxes eve, you have to have yours in. i'm not already saying majority leader, that is very dumb thing, he is the senate leader mitch mcconnell, what he makes what is at stake for americans as he picks apart the signature triumph, he said again, and again with paul ryan leading he is the guy, on capitol hill in charge he is expected to pound the issue, when it comes to tax cuts republicans will take a back seat to nobody. he will offer insights and number of developments going on including syria, including

investigations, including what he thinks should happen to bob mueller and all the rest in washington. we'll have more after this.

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to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. this wi-fi is fast. i know! i know! i know! i know! when did brian move back in? brian's back? he doesn't get my room. he's only going to be here for like a week. like a month, tops. oh boy. wi-fi fast enough for the whole family is simple, easy, awesome. in many cultures, young men would stay with their families until their 40's. neil: all right. we're waiting word on a detailed economic sanctions we're going to take against russia. when a white house spokesperson

was asked about this went on to say the president was open to meeting with vladmir putin but that nothing was reportedly imminent. now fox news foreign policy analyst karen skinner is joining us. former cia analyst tara mueller. i can not man a meeting anytime soon between vladmir putin if there was a sense between the two are promising relationship, that that seems to have been stomped on. what is your assessment? >> i agree with your assessment. as a matter of fact nikki haley was on fox the other day saying about russia-u.s. relations particularly strained this week in light of strikes and another round of sanctions hitting russia. i believe they will be announced today in light of the recent attack we took to counter syrian use of chemical weapons and i think you're seeing pressure build russia to rein in and pull back support from assad but i'm not sure that these sanctions

will be enough to get them to do that, to be honest. neil: russia is hurting on threat of sanctions and anything having to do with aluminum and steel. they like the chinese have been feeling the pinch as well. you know a couple of their bigger players have seen that entire sector tanking better than 50%. one big player down 70%. so they're feeling it. a lot of hose oligarchs a target of our own investigations are feeling it so where is it going? >> i think it is headed towards a situation which russia is at lore isolated in the international system than any point in the 21st century. so the sanctions are important in the sense they have to inflict pain upon individuals and institutions. but it is also important in a geopolitical sense. russia is becoming clearly isolated from the free world, from the western world, from nations of goodwill.

it has as of 2013 assumed the role of guarantor of syria's illicit weapon's program that it would make sure putin agreed to years ago, it would make sure that those weapons were eliminated. that clearly has not happened. it has failed. it has six times in the past year vetoed u.n. security council resolutions against the assad regime. so it has a very negative narrative and i don't see a pathway forward for russia's leadership either in the middle east, which it would like to assume, or in the wider world. neil: you know, tara, one thing that is become very, very obvious, we draw the line and understandably unerringly so at chemical weapons that killed 45 people and prompted this attack over the weekend but hundreds of

thousands have died in the civil war at the hands of bashar al-assad. are we simply saying when it extends killing them with chemical weapons that is where we draw the line, not when they are killed by unconventional means? >> unfortunately that is not what we should be saying but we tended to draw the line about international weapons because of international norms. the chemical weapons convention, bans use of these weapons. we have to follow up in terms of credibility being on the line and as deterrent effect to thwart use of these weapons to the just in syria but else where to show we're taking international norms seriously. you're 100% correct. even though the strikes in an of themselves, missile strikes, not just this year the 105 stocks missiles that were launched but 59 on april 7th, 2017, those strikes addressing chemical

weapons use deterrent measures for chemical weapons use. that is it. they do not address the broader, systemic underlying problem at the heart of the syrian conflict. that will take the work of diplomacy out of the u.n. which is having a difficult time. that will take the work of sanctions pressuring countries like russia to take action and put more pressure on assad. that will take the work at the end of the day people coming together to resolve this conflict. having said that, sometimes we don't see people coming together unfortunately until they feel the punitive measures of military action and unfortunately the tragic humanitarian loss of life when both side no longer endure the pain and hardship of conflict. neil: you can rook at something simple as oil markets and karen they eased up a little bit and reversed gains on fears of an outright war in syria and i'm wondering if the signal is as

well we don't want to get too entrenched in this country? that the administration is still looking forward to, this is coming from a white house spokesperson, bringing troops home from syria, just no definite timeline there? what do you think of that? >> i see it a bit differently, the trump administration has been deeply engaged and committed to resolving the conflict in syria which from our standpoint has been eliminating isis and degrading their ability along with some other terrorist factors, doing more harms to civilians than innocents and we have been unswitching in that commitment and that is key part resolving the conflict with syria. syria is in a seven-year civil war. it simply can't be resolved by the u.s. military presence. that is a more nuanced way looking at the white house is attempting to say.

what we've been doing, often not discussed is aggressive diplomatic offensive that made the attack on chemical weapons in syria possible. bringing together the french, british and our other allies looking what we can do in the long term on syria. it will not work without a broader coalition and that is what the trump administration has actually been attempting to develop. and it has been working, despite the transatlantic noise and the negative rhetoric that we've seen in the past year or so around the trump administration, and our allies on the other side of the pond. the fact remains that we're working together in syria. that will matter for the future. neil: we shall see. ladies, thank you both, very, very much as they were both speaking an update on the situation with russia and syria, some developments in on and off again trade war with china, we have apparently upped the ante, considering upping the ante

despite treasury secretary steve mnuchin saying last week they would use the lever of calling china a currency manipulator, the president has done just that, they already manipulated their currency and that that is giving them an unadvantage, by extension gives them unfair advantage in trade. the cheaper you make your currency, better to trade goods abroad and boost the surplus. they went there. the markets not affected by any of this. expecting cooler heads will prevail. on that particular front nothing is happening to justify that. a little more after this. ♪ with expedia you could book a flight, hotel, car and activity all in one place.

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♪ reporter: i'm adam shapiro live at the national association of plan advisors 401(k) convention in nashville, tennessee. if you have got a 401(k) and you've been investing in that 401(k) 10 years or more, fidelity says you did pretty well in the last year. take a look at these numbers.

in 2016 the average balance for people who contributed 10 years or more was $233,900. but thanks to gains in the stock market in 2017 it jumped up to $287,700. tax reform was part of it, something else was in play according to david. >> we're seeing a little bit as a result of tax reform. a lot more is the function of improving financial conditions. so as the markets have continued to benefit the investor we're seeing higher levels of contributions into plans. we're also seeing employers being willing to contribute more into the match. pour port with tax reform and americans being able to keep more money in their pockets they are saving more according to fidelity. in 2017 the actual amount increased 8.6%, up from 8.4% the year prior amount saved into

their 401(k)s. back to you. neil: adam, thank you very, very much. the president is no doubt going to be talking about that americans are saving or trying to do and he provided wherewithal for them to with tax cuts he is championing. tomorrow is tax day, reflective you make a final stamp on last year's taxes. president reminds us this year things are looking a lot better. maybe he will talk about syria. for all i know he could start talking about former fbi director comey out with a certain book right now. but there is no way to know. right now waiting for the president if florida. ahead of that, to fox news radio white house correspondent john decker on all of the above. jon, i'm sure he is feeling great temptation to get into as he has already through a number of tweets at former fbi director but a lot of his folks urging he stay on message with the tax cuts and certainly the syria response which at least in the latter part been fairly universally praised.

>> i think that is what the president is doing. we were outside this morning as the president departed on marine one. he did not stop to answer questions from reporters who were asking his response to james comey's interview last night on abc. the president clearly wanted to focus on the event of today which is coming up, this tax event, very similar to what happened here at the white house last week in which small business owners primarily will talk about the benefits that they have seen from the tax cut bill that he signed into law back in december. neil: you know, jon, i'm wondering obviously each party tests, poll tests its message. for cory booker of new jersey to bemoan that tax cut and call it crumbs again as did nancy pelosi, he did, a lot of them on the left must be arguing this is something that will resonate with americans. that they're not getting a big cut of the manna from washington. conversely the republicans seem

to pound this in speech after speech, event after event as their signature triumph. who is right? >> well, with good reason it is the biggest legislative achievement for republicans for the president in his first year in office. it is the biggest tax reform that this country has seen in more than three decades. so, they certainly do have a legislative achievement to run on. obviously they would like to do more in the final months leading up to the midterm elections but this is something people all around the country can notice in their paychecks that they receive every two weeks or so. they notice that their take-home pay is greater than it was last year before the tax cuts went into effect. obviously the president wants to tout this not only here at the white house, which he did last week but also in south florida today. neil: you know, jon, you never know when the stories quote, unnamed sources. i'm leery of them as well. some of the administration are surprised that they're not

getting more bang for the buck off the tax cuts or that people are not showing more support for republicans in even in a generic sense than they have. in "wall street journal," nbc news poll shows the gap favoring democrats over republicans did slide from 10 to seven points but it is still substantial. are they really genuinely shocked by that as some of these unnamed sources say? >> well you know, look, you're always going to have that especially with this administration. we've seen that. but i think the administration is sometimes shot itself in the foot you know. instead of focusing on issues that they clearly can crow about like the tax cut reform which was signed into law late last year, they're focusing on other issues that perhaps are not the things that have a great focus for a lot of americans like, for instance, the tariffs. tariffs on imported steel and aluminum. that takes away from the argument that you're making as

it relates to tax cuts and how it is benefiting americans all across the country. so if there are more on message, perhaps they would get some benefits in those polls that you just cited, neil, in terms of the president's public approval rating. neil: marco rubio is at this event. florida governor scott is not. i believe rick scott is fund-raising ahead of his senate run there. are we reading anything else in that or no? >> this is governor scott was urged by president to do to challenge senator nelson held the race quite a long time. he has been pretty lucky in terms of his challengers over the years. think was tough challenge though for senator nelson. you're talking about a governor who obviously has done well in terms of governing the state of florida, who also has a lot of money that he can pour into personally into his campaign. i think republican national

committee and republican senatorial committee will put a lot of money behind this race. this is an opportunity for a pickup for republicans in november. neil: jon decker, thank you very much. jon decker, radio correspondent at the white house. the president is getting ready to speak in florida. it's a roundtable dedicated we're told, on this tax cut situation. connell mcshane is there with the very, very latest. reporter: president was just introduced here neil. i set you up as he is here few minutes earlier. you can hear the roar of the crowd. he is taking to the stage. in recent days and weeks, most recent event in west virginia about week 1/2 ago, the president veered off subject, talking about immigration and immigration and tax reform. he is joined by the dais by

local dignitaries. also florida senator marco rubio, local congressman, mario diaz-balart, the republican that represents this area outside of miami. this is another chance as you were talking about for the president. lee greenwood playing in the background, to set the stage, talk about a topic he is comfortable talking about. that would be the economy and taxes. his poll numbers have been solid there. a chance to a void some of the distractions, james comey and everything else. neil: you're watching president in florida where he will talk up the signature tax cuts. >> these are my friends. these are great friends. we have great friend right here. so thank you very much, everybody. we really appreciate it. we have made tremendous progress in our country. we're working on new trade deals that will be great deals. where as you know very tough on cuba. [cheers and applause]

have no choice. not fair, not fair what happened but this is our, we're going to celebrate a little bit. i love behind us, usa open for business. whose idea was that? [applause] marco. t was marco. it is open for business. we're doing tremendously. companies are moving back into our country now. we have billions of dollars and even trillions of dollars going to be coming back in already started. apple 350 billion-dollar investment, really a new campus, beautiful, buell, campus plants. i always wanted that. so many companies are bringing back their money. they're putting it to work. chrysler is opening up big, beautiful plant in michigan and some other car companies. it is a whole different story. they all want to be part of it. i want to thank senator rubio. he has been a great friend. [applause]

[cheering] >> great. mario, i want to thank you, right from day one. [cheers and applause] thank you. and our secretary of the treasury, he's right there and our secretary of labor. thank you, alex, thank you, steve. great choices. not all of my choices were great but they were great ones. [laughter] tomorrow's tax day and we're going to hear from everybody and every -- we have heard from so many people, they're so thrilled. remember this, this is the last time you will fill up that long, complicated, horrible, return. i would say that some of these tax -- [cheers and applause] some of these companies that do all of that work getting a lot of money for doing your tax

returns, they will not be too happy with us, but that is about the only business that won't be. so tomorrow, last day, very importantly next year it is going to be a simple, for the most part, one-page. may get a little bit bigger but it will be simple and easy to do and very importantly, you will have a lot of money left over from what you have. and we we -- didn't get one democrat for us. senator nelson was hostile to it. let me tell you, if any reason they get in, meaning democrats, they will raise your taxes way up high. they will terminate this out, i will veto it. they want to terminate and they want to raise your taxes and we can not let that happen because this country is starting to rock with our businesses coming back in. it is starting to really rock. [applause] so, we had massive tax cuts.

i mean massive. we've had tremendous success from the company's standpoint and people's standpoint. they are going out, having a lot more money to spend. something happened that we didn't even expect. nobody talked about it, when we first got it passed, it started with, well, at&t. we might as well give them credit but they gave 1000-dollar bonuses to their employees. that is a lot of employees. all of sudden, other companies came along. now you have all of the big, so many big companies given bonuses to the people that work for the companies that was unexpected. nobody thought that was going to happen. most importantly we waited until february 1st, you see what is happening in your wallet. you're getting a lot more money in your weekly or monthly checks than you ever thought possible. people are really liking it. very important it is great for the country. our taxes were the highest, or among the highest, just about i would say, marco, the highest in

the world from a business standpoint. that is why businesses were leaving. now they're not the lowest but they are on the low side and businesses are pouring back into the united states. and that means jobs. that means jobs. [applause] so we have created, since election day, that beautiful, beautiful, day, was that a great day? >> [cheering] that was a beautiful day. mario was saying we got a big, big percentage vote over here. we got a big percentage vote. but since election day we have created three million new jobs. three million. and -- [applause] and people, if i would have said that prior to the election, would have said that is getting ridiculous, that is

exaggeration. we would have taken a lot of heat. three million new jobs is higher than that. since election day three million new jobs. unemployment rates for hispanics. are there any hispanics in the room? [applause] for hispanics, we have the lowest level ever recorded. lowest level employment rates for african-americans. the lowest level ever recorded. i'm really proud of it. unemployment for women, for women. lowest level in 18 years. women out there. [applause] that means if you're a woman and hispanic or a woman and african-american you're really

doing well, right? that means you're really doing well. remember when i used to say, you i took heat for it, what do you have to lose. what do you have to lose? everyone i was saying if you're a rambunctious stadium or something i would say what the hell do you have to lose. i get criticized by those people, the fake media back there. [applause] fake media. i would get criticized using the word hell. i heard a heck of a lot worse than that but the economy, larry kudlow is here someplace. where is larry. larry kudlow? come on, larry, stand up. [applause] he gave me a number. the economy is entering the greatest boom in many decades. it is at early phase, would you say that, larry, of the earliest and greatest, this could be one of greatest booms ever.

i think it will be. the countries are so strong, ready to rock. what do you think, larry? >> good. >> i thought you were going to say that. could you imagine if he didn't? could you imagine if he said, no, i don't agree with that? >> [inaudible] >> everybody is going so benefit [applause] very important. by the way john bolton is here. we had a big successful hit, john. [applause] so i think -- [cheers and applause] whoa. john, that is pretty good. i didn't expect that i'm a little jealous. are you giving him all the

credit? [laughter]. you know that means the end of his job, you know. [laughter]. he did. did our generals do a great job? did our military do a great job? [applause] right. great job. and you know, with way over 100 missiles shot in. they didn't shoot one down. their equipment didn't work well. then you heard they shot 40 down, 50 down. no, sir, every single one hit its target. not one miss. [applause] so we have the biggest tax cut in history, bigger than the reagan tax cut. bigger than any tax cut. but what else the individual mandate is gone. that is obamacare, which is about the end of obamacare. [applause] so we had obamacare beaten and

one senator decided to go thumbs down, do you remember that evening? nobody remembers. thumbs down. that is all right because, alex acosta as come up, this is a plan that a lot of people have wanted for a long time, associations, and we're going to have tremendous sign-ups. alex, tell me, if you could, where people actually start signing and doing it in groups and through cooperatives, et cetera. >> that is right, mr. president. we hope to have that by this summer. >> it is incredible. you get tremendous insurance at a very low cost. individual mandate is dead. anwr, i didn't want to do it. i said no, let's not do that a person called up who i have a lot of respect for in the energy business. is it true you will get anwr as part of your tax cut plan? they put a lot of things in. so we have the individual

mandate and anwr. yeah, it is true. tell me about it, i'm not inclined to do it for a very specific reason. i tell you, it is pretty amazing. he didn't benefit by it, they have been trying to get it passed since ronald reagan. nobody could get it done. no president could get it done. it is impossible, perhaps the biggest, the best in the world in terms of energy, in terms of a field. he said nobody has been able to get it done. as soon as i heard that, i called up and i said, put that back in the bill quickly. [laughter]. right? we got it done. marco, we got it done. that was a big deal. that is a lot of jobs in alaska. that is a lot of jobs. [applause] so just another thing, because the tax cut is massive. not since reagan but this is bigger, you look at the whole bill. it is bigger than anything ever passed. but very importantly. that is tremendous asset to our country. but we did another thing that

people don't talk about much. we cut regulations at a level that nebraska has seen in the history of our country. more than any other president. i'm here, 15, 16 months. we cot more regulations than any president, four years, eight years, or one case, 16 years, nobody is even close. we're not finished yet. [applause] our roads and highways would take 17 or 18 years to get a permit. or not get improved. the worst, go out 17 years they vote it down. we're looking get it down two others or one year. maybe it gets rejected. maybe if it gets rejected but if it does it will get rejected quickly. you will not take a entire lifetime to get something approved and all of sudden you find out, i have had projects for years and years, fortunately they to the approved but i had projects took four, five, six years to get approved, big

building projects. i said going into the final approval, you know if these five people don't vote for it i have wasted millions and millions of dollars and i have wasted five or six years of my life trying to get a project approved. it is not right. you know if something is good and if it is going to get approved. so we have the biggest regulation cut and i'm not so sure that the regulation cut, marco, isn't even more important than this massive tax cut but it is right up there, and we're continuing to go. we think that things would take sometimes two decades to get approved can be done in two years, even one year. again, if they're not environmentally good, if they're not safe, if not great for water, our air, all of the things we watch and think are so important, we're not going to improve it. we'll have fast approvals. we have many, many jobs that started now that would never start if the other administration came in and that is why you see the job numbers the way they are.

the job numbers are through the roof. and training numbers are through the roof and you see it and they don't talk about regulation much. i think it is as important as the big massive tax cuts. so i just want to let you know that. a business and consumer confidence in our country is at an all-time high. larry gave me the numbers and there is nothing close. we're at an all-time high. and tax cuts for families, let's talk about families now, number one, the jobs, you have choice. we're creating choice for our great veterans, you are having choice. this is a different kind of choice. [applause] so this is a different kind of choice. this is choice for a job. in the past jobs we were not doing great and you have one job and hole on. we have a choice, people are hiring, wages for the first time in 18 years are going up. i used to make speeches. i came down here and made one.

wages were stagnant. even going down, people made more money 18 years ago. today they're working two and three jobs. first time in 18 years where wages are going up. congratulations. enjoy your money. congratulations. [applause] so today, we're joined by florida business owners and workers who are experiencing the incredible results of the tax cuts. i would like to invite each of you to share some of your stories. if we can start, let's start at the end of the table. >> thank you, mr. president. >> you look like very prosperous guy. >> i'm trying to. my name is alberto. i'm of cuban-american descent. born and raised in hialeah, florida, and very proud. [cheers and applause] my family history in trucking has been, goes back to 1972. my father opened palmetto transport in 1992. i was successful enough and happy enough to take the company over in 2004. due to the surging economy we have now in south florida and to

the tax reform i have been able to invest in newer technology, been able to buy more equipment and hire more employees for my business. mr. president, i want to say thank you for making america great again. [cheers and applause] >> thank you very much. marco, i, you have been such a help, i would like you to say a few words before we go next. >> thank you, mr. president. being here if i didn't that i you for act champion for cause of freedom and democracy in this hemisphere. [applause] i was very clear this weekend with the vice president's presence at summit of the americas, whether on cuba or venezuela, the united states has led the way on fighting for freedom. [applause] i want to thank you for john bolton because i said the day that he was hired was a bad day for maduro and castro and a great day for the cause of

freedom. [applause] and i want to thank you for fighting for the american worker because behind all these businesses, they will be the first ones to tell you, the american workers, the american worker has been forgotten far too long, people that put in eight, 10, 12 hours a day, six or seven days a week. there is dignity. work is not just about money but comes with the dignity about work. they have been beaten up far too long, whether taxes or jobs sent to other countries. this tax reform is about them but you're doing something very important you're finally doing what i wish previous administrations were done you're taking on cheating and stealing the chinese committed against our economy for the better part of 30 years. [cheers and applause] and, finally i want to thank you as well for the child tax credit. millions of parent across this country will have more money in

their pocket tax time next year because of their leadership and their work. if i may, for 15 seconds, allow those people covering this to do so in spanish, rather than let them use interpreter. can i say something? >> sure. [speaking spanish] [applause] >> so, i was going to ask is he better in english or spanish, but they didn't stand for the english and stood for the spanish. so i don't have to ask the question. that is very good actually. >> i just said they saved a bunch of money by switching to geico. [laughter]. >> very good. thank you, marco, very much.

we appreciate it. doral, right down the road, i own it. surrounded -- i don't think about it anymore, i will tell you. surrounded by venezuelans as you know. a lot of venezuelans. those are great, great people. we are working very hard on the venezuela horror show that is happening. i think you see that and i think you know that. i got to know the venezuelan people because so many are in that area, the doral area. these are great people. between cuba and venezuela and, really, hopefully every place else you are very well-represented. thank you very much, thank you. [applause] so go ahead. >> [inaudible] >> thank you, darling. [applause] thank you very much.

>> mr. president, my name is doctor, i was born in cuba, october 27, 1948. and came to this country in 1967. since 1984 i have practiced dentistry in miami-dade county. for my business, my practice, the tax law that was passed on december 2017 has brought improvements to the practice. like we were able to buy new and next generation equipment. my office of family dentistry include a large facility. it's a small corporation where we have four cleaning benches and four employees. all of them have benefited from this law. secretary, hygienist, assistant, have all received bonuses. also increment on their check.

due to the changes in that tax policies we plan to open more positions in the front office and at the hygienists. it is a pleasure to have you here with us and i am glad that you are taking action to make america truly great again. >> thank you very much. [applause] thank you very much. beautiful, beautiful job. i know maximo. you built a great company. now it has become you said even greater. go ahead. let us know. how many more people are you hiring? >> number one, thank you for being here. >> thanks. >> it is really overwhelming the feeling to think that almost 60 years ago, at age 13 i arrived in this great country of ours and that one day, 60 years later i would be next to marco rubio,

and our greatest senator and one of the best presidents or best president. [applause] >> thank thank you. >> my name is ma i ximo alvarez. most of you people know you me as max. i was one of over 14,000 children that came from cuba without parents and lo and behold, i happened to arrive with the finest and most generous country in the world. [applause] my notes look similar to the president. believe it or not he has notes like this. we talk from our heart, so we don't have to read very much to tell you our story. it is a story of many, many

millions of people who come to this country who look for opportunity and our president has now restored the capacity of people like me, that started a business from the trunk of our cars to become a very prominent company where we impact over 50, 40,000 families. thank you, mr. president. very, very happy right before he was elected, we had a meeting ae liberty of iraq and hand paradise that said we are going to elect during november. i am pathetic today. crop marks -- prophetic today. [applause] >> to tell you about the impact of the tax laws passed by mr. trump, who by the way didn't get everything that he wanted,

but still we settled for because we have to deal with some people who still do not understand what really makes america great but i'm sure in short time they will. just to give you an idea, my company supplies over 400 gas stations in the south florida area, we have hired over 40 people who have not been able to higher if not for this tax cut that allows us to have the extra income to do this. for example, something very simple, the fact we can now write off the equipment that would've taken us 10, 15 years to write it off. now we can do it immediately appeared a imagine how many businesses that produced is, how many families are working, how many people need to install that equipment and so on and so forth. thank you, mr. president, because not only the tax laws, the regulations come in the ridiculous regulations that we had prevented people to do what

i did 21 years ago, starting a company with nothing. this is the only company in the world where we can do this. i hate to get emotional, but -- [applause] it happens to be in the industry and of course we are supposed to be bad people because we damage the environment, when asked since we protect the environment more than anybody else. it was this president that allowed the construction of the keystone pipeline, which will then, believe it or not, will provide cheaper oils, cheaper fuels to all of us. mr. donald trump, our president, made that happen immediately. [cheers and applause]

as a typical latin person, i must stop now because they told me only one or two minutes. [laughter] i just want to tell you that those of us who have been successful are now one example of all her children who follow in our footsteps and i challenge my colleague to understand that if i gave everything that i have today, it would only be 10% of what i was given when i came to this country of ours. [applause] [applause]

on a side note, and i live it because i've been here since 1988. thank you very much. we took something that was run down, and in made it into the nicest place that we have in south korea. thank you very much. >> actually, he was much quicker than i thought. [laughter] you had a great story. please. >> good morning, mr. president. thank you are likely to be be here today. it's a great honor. my family and i arrived in 1980 during the mariel exodus to regret nothing with us, only the clothes they're wearing. however we didn't come here for a handout. we came here because this was the promised land come a country that promised political stability, respect the law, opportunity and freedom. in 1984 we open our first restaurant in south florida, las

vegas cuisine. today we operate 15 units including international. [applause] thank you. and we employ over 400 employees in south florida. we were hit hard during the last administration's tax hike and are most grateful for your tax and job reform. it allows us to keep more of our hard work earnings allowing us to reinvest in better new operation, thereby creating more jobs. i personally think it's better for the country than spending tax laws and some dry river down in california. [laughter] [applause] government help small businesses by letting us do our jobs and getting out of the way by unleashing the americans area.

your incentives have made a huge demand in the labor department, so therefore in order to how your new employees, our hourly employees that can approximate wage creates on trade increased to 20% in the short time period. people are earning more and therefore gives them confidence to go out and spend more, a win-win for everyone. on a personal note, i'd like to say i've been a supporter from day one to announce your candidacy and i have facebook to prove it. [laughter] having come from a country that promised everything and only delivered misery, i knew that eight years of promoting appeasement, apologies and entitlement with the pass of no return. last week i leave you with a thought from a great human thinker. it is a sad day not to have friends, the even sadder must be not having any enemies that a man should not have no enemies as a sign he has no talent to outshine others. nor character to inspire, no

ballard to be feared, no honor to be rumored, no guts to be coveted, nor anything to be envied. i am grateful millions of us have the good sense to elect a man who believes in the greatness of this country so that it may be preserved at all costs for future generations. thank you and god bless you, mr. president. [applause] [cheers and applause] >> i think the politicians are being beaten today. mario come and give us a good few words. >> mr. president come after that when it is hard to follow. let me first agree to utter fine senators rank. this community understands freedom, what it takes, the loss of freedom and your support and

particularly for the cause of free cuba and free venezuela is something that we thank god everyday. number one. number two, a community is very diverse and one of the things i never thought i would see and i was getting frustrated is finally moving the u.s. embassy to jerusalem. thank you for your courage. [cheers and applause] as you saw, mr. president, and hialeah is very special. this is a hard-working community, and folks that again most of them came from a place where freedom does not exist. they work hard and they understand that when the federal government takes their money, and again, it is their money and kind of does some things that are not very productive, they understand that is not the way to do it.

you heard it here today. this bill has made it possible for hard-working men and women in places like this, and like hialeah to keep more of their hard-earned money and for that obviously we are all grateful. appropriator, but also on the budget committee. if you look at where we are, cbo had the forecast for the next foreseeable future of 10 years of less than 2% growth. that is where we were headed. that was the new normal. a lot of people may have kind of given not. more taxes, freedom for the american people. we are very grateful and no place in the country is more emblematic of the hard-working american people a much greater shift in here in hialeah.

[applause] >> you know, maxim mention something, the one you're expensing of equipment and other things that you'll be investing in reits can write it off in one year. nobody thought they would ever see that and i does have a huge impact. i think it's even bigger than a trillion dollars that have come not from foreign lands. as you know, the money was locked out there. you could never bring it back in. it was impossible. the taxes were too high if they did bring it and it was a very complicated thing to do. they did bring it into a taxes were so high it made no sense. we have trillions of dollars coming back into our country, but i believe that expensing a very simple cause that we got in with nec. the one you're expensing will have a bigger impact than almost everything else. thank you very much. i appreciate it. go ahead, please. >> thank you, mr. president.

thank you for inviting me. my name is kiera malle [inaudible] and i came to the united states also without my parents. the uncle that i came here to visit -- [inaudible] myself and my brother at that time, which is a story that is very common for all these people here. you will find that most of the story and one thing that you mention we are passionate about the things we believe. the national bank, which i'm the president since 1934, was the first bank in the united states, the national bank. i joined in 1976.

how your tax cut have impact it, i can tell you they look at the economy who plan our future. last year was very strong and most banks weaker asset by 20%. i can tell you we are ahead in one of the things about employment. [inaudible] that is a necessary individual for your business to work with. by loan revenues are

over-the-top. i want to personally thank you, sarah for the actions you've taken. >> thank you very much. very nice. thank you very much. [applause] >> mr. president, thank you for doing this in the city of hialeah. it's a very meaningful place for a lot of us. under this came neighboring company, we have a craft brewery, but actually grew up in an apartment building just down the street that has a martinez middle-school and i played on these courts committees failed in so many parts that i'm a proud product. [applause] my parents, my mother marlene both immigrants from ecuador and cuba and for me to be sitting here with you today, living out my dream is a small-business

owner surrounded surrounded with so many amazing meters and other successful business owners is a testament to why this is the greatest country in the history of the world. thank you so much. [applause] the tax cut has been an amazing benefit for the craft community. it included a 50% reduction of the excise tax on arab, which is helped all of our small manufacturing manufacturing businesses grow weed and reinvest in our businesses. biscayne bay has been able to buy additional $100,000 in equipment also because of other benefits on the tax package that have allowed us to increase production by 40%. that has led already 22 jobs being created and that is just one brewery. we have 6000 breweries across the country could the economic impact of this is tremendous. when you look at how that impacts american farmers to sell grain to craft brewers and even companies like all-american container in the audience today, we buy our bottles from them and

they are an amazing success story. the impact of these laws and your policies have been tremendously compounding. it's important to fight for those issues. i thank you all the leaders who are here that want to fight in congress and also you yourself who went around and told us continue to fight and let's find a way to make some of these per minute. the excise tax cut sunsets in a couple years and it's critical we continue to fight for this, and economic freedom in like ever mentioned, the opportunities in this great country that so many of us are parents didn't have the manners is why so many of you continue to lead and it's important that we are continuing to support you. all of us in the business community are incredibly grateful. neil: thank you very much. [applause] i really appreciate the support

we've had from hialeah and from florida, the state of florida. it's a big victory. remember that famous evening. donald trump has one the state of florida. [cheers and applause] we started saying wow. [applause] that was a long evening for them. we had a lot of great success. and i think most importantly, somebody actually not even a friend of mine said that president trump has actually produced more than his promised. i think if you look at what is happening with the economy, with the regulations, with the taxes most people said we'd never be able to have. they used to call a tax reform and that's why for almost 40 years they couldn't get anything passed because i met with the politicians and i've only been doing this for like two and a half years. i said how can you not get it

tax cuts. they said we don't call it tax cuts. we call it tax reform. i said that's your problem. tax reform doesn't work because we do have tax reform. people don't understand what we are doing is cutting taxes. we are also reforming but that could be an increase in taxes. we are cutting taxes, so we go the tax cut and jobs plan. what would you like to call it? i said how about, this is after the reform. how about the tax cut cut cut plan. they thought it was a little tacky. i said that he gets the point across. we did go with the tax-cut plan. i just want to leave you with this. we lose a tremendous number of jobs and money and almost never country we do business with. in many cases their friends are worse than our enemies in terms of trade deals. they are being renegotiated. where straightening them out that if we don't straighten him

out we will terminate them and start all over again. our country has been taken advantage of for many, many years. whether it's china, whether it mexico, i could name almost every country. the european union as an example is very hard to do business. we lost $151 billion with the european union last year. $151 billion. very hard to get our products and, but they sent their cars and light bmw and lots of other things and we are straightening that out. we will not let it go on any longer. we can't let it go on any longer. you'll be able to send your product in. [applause] japan and south korea, so many countries. it is massive numbers. mexico, nobody knows this. we lost last year in terms of a trade deficit $100 billion with

mexico. we can't keep doing this, folks. so we are renegotiating nafta, which was probably the worst deal ever made in the history of trade. but with china, we are with $375 billion trade deficit appear so we started a process and we will see how it ends up. but we are going to win. i always said we had an imbalance of $504 billion in a fit when you're down $504 billion, you can't lose. we lost years ago by president than others allowing this to happen. they should have never allowed it to happen. it is already happening. people see it. it started happening. i just want to thank all the people of florida, all of the people of hialeah. you are spectacular people, hard-working people. i love you and we will go on to things i think that maybe our economy and country have never seen before. we have such tremendous potential because of people like

you. thank you all for being here. it's an honor. neil: all right, the president was beginning to move the market a little higher close to 300 points. of 315 points. a lot of this has to do with relief after syria fears going into the weekend. they appeared to have been a total success. another development i want to alert you to is a dramatic surge in the shares of merck, the drug company with great success but the cancer treatment drug that when mixed with chemotherapy shows a 51% decline in death rate. that is a huge deal. this can be verified by the company confirming that through the fda that advancements have been made and whether it's sometimes an almost always fatal cancers. that's a big development of

about two and a quarter%. let's go to connell mcshane after this event now in florida. the president resisted temptations obviously to refer to anything call me and focus on pretty much everything economy, tax cuts and china. he did open the policy and they are our report he wants to go after and 17 the treasury said wouldn't be raised, but he raised it here today. >> he did write it began. it's interesting because your point he was solely focused on economic growth and tax cuts and the benefit of those tax cuts. the manipulation question is one that came up on twitter this morning the russians in the chinese with what he called the currency manipulation. the press secretary was asked about it -- you know, to your

point, on friday the united states government said the chinese right now are not manipulating their currency. if everything plays into the whole basis going on right now at the united dates in china. up until that point, and this is a president that was very focused on what this event was focused on. right before it started, he veered off topic. he talked about immigration in all kinds of different things. one of the key comments was early on with tax reform talking about what might happen in the big term election. they will raise your taxes and the president went on to say that the economy in his view is starting to rock. those are his words. this is the president on the

topic of republicans hope will help them in the midterm election. train to connell mcshane in florida. obviously, both parties have tested their arguments on the tax cuts. the democrats if you listen to corey booker last week talking about crimes, and nancy pelosi epic and the tax cuts and the corporate giveaways to some workers a $1000 at obviously that has been tested among groups that are democrats in a field are democrats and they feel that his winning argument to say these tax cuts really aren't that big of a deal. the president feeling quite differently here in saying this is something americans are discovered every day in every can of paychecks and businesses. someone will be right on this. i this. others say the president feels he is. the gap has narrowed a little bit not only the president of numbers that is picked up a little bit. when you asked the generic question, who would you most want to see in charge of congress right now. that gap between democrats and republicans is narrowed.

the narrowest it has been in this election year. it is still early, but we shall see. republican strategist, market watcher michael bloch and deirdre bolton. michael, do you saying this is a winner for us. winner for the market, businesses and individuals can stick with us will be a winner at the polls. >> we saw today the market rallied on us and voters are going to like a higher stock market. it's not the only thing they look at, but trump can point to and say the market is still strong. he can point to that going into november. we will hear more and more about that. the fact was that this meeting today and hialeah courting latino vote in florida, directly saying i am here with you. i care about you in that message is going to resonate. you can poke holes in it, but that's the objective here. going into november we will hear

more about the tax cuts and the bright spots of the economic data. republicans have to do all they can to keep that going in the message going and start hearing more about stimulus on the back burner and will move to the front burner as the summer ends. turn to one of the parties is right on the strategy. republicans were praising it. one of the things you hear in the studies and focus groups republicans have been started debating is using nancy pelosi, the crumbs comment saying they want to redo this whole thing shows that the republicans. how does that resonate? >> as we get closer than the terms there will be a pr war. we saw with conor lam, he really pounded the gop is famous as a tax cut for corporations, tax cut for the rich. granted, that was not a single issue vote. but he won in an area president trump can carry by 20 points. i feel like it is worth keeping

on message and bringing up his misleaders and singing this has helped us. we are able to hire. as far as the pr goes, republicans should stay on this. certainly one of the big successes. true to their biggest you could argue. obviously the audience was important to michael's point in reaching out to hispanics, cuban-americans, others who can say look i've benefited from this as well. how is that going to long-term benefit republicans? they are hoping it will benefit them with groups that go beyond the base. >> yes. i agree. many of those groups starting next year as he mentioned, americans will be paying taxes under the simplified tax code. that means lower rates, nearly double deduction standard in the expanded child tax credit in which marco rubio touched on today. my only fear is that congress

from now until elections won't have a ton of time on the legislative calendar to enact so many changes and he still wants to proceed with, which i think he called the tax cut fees to play in. >> i don't see that happening. i know he wishes that it could. let's say all things are done the way they are done right now. this is what we have a republican congress and this is what they will have going into the midterms. went to the markets of deceit? >> markets really want the president to stay on message. he's going down the road on the unicycle in this tottering along. he makes a speech like this and start zooming down the hill feeling good. michael cohen, moeller, whatever you want to talk about kennedy or three jackson into the middle of the road. neil: he didn't take any >> you should be ignoring this. this is a distraction.

people's minds are made of. either you say yes he's the hero or villain for trying to do this. no one will be won over by the george stephanopoulos interview or by his boat. no one really cares. for the republicans as a matter of saying we are staying on message talk about phase two of the tax cuts. if they got anything within the next 12 to 16 months, it would be impressive. we talked about conor lam and corey booker. corey booker is done with the situation here where the tax cuts are not as good or perhaps even detrimental to a lot of people in the blue states. even those trump one. historically it's more of a blue state. when trump is speaking to the audience from a strictly saying he doesn't care. i'm not sure how to feel about

that. i'm a blue state guy. neil: i'm sure he likes you just fine. >> don't get me started. in terms of the strengths come he's played with them. dream to one of the things we are seeing is the president is famous economic engine is just starting. a shot at larry kudlow singable leap to a boom. americans going to the polls will need a little bit more evidence perhaps in a few months they will see it. what is your sense of the number crunches? >> i looked at gallup, but all of these polling companies sometimes after the election we went through, i'm surprised any of them are still running numbers. 52% disapproving of the tax cut to their bottom line of 39% approving. that is not great. neil: these are the same folks that hillary clinton. i do think what is interesting

about what you are saying with the blue state tightening to these trade issues in hearing we will not be able to currency manipulator right now, maybe that introduces another element. in other words maybe we will back off the terrace, which could be an advantage to working class areas and maybe later the president is saying he will label china, which is another tool. >> i think he did fire another their kimberly. is he willing to fight fire with fire with china? >> he may be. i'm not so sure. i guess we will need in the next couple days we will see what's going on there. i hope the president gets what he wants as far as these iris regulations. tree into it for, may manipulator in the past he certainly does not. and when we looking at? >> this is a series of carrots and sticks.

the american consumer, manufacture and trade partners. the reconciliation with china. xi makes a speech where he talks about reconciliation and then we hear there's going to be. a back-and-forth. we'll work is getting done. a method to the madness here. if trump is worried about folks in pennsylvania and florida, there are going to be concessions made and they won't be as onerous or exist at all. >> and the tools we've talked about. you can also reject or limit, which is happening. neil: and advantages of the bully pulpit? thank you very much. have you ever wished to virus attacks then you have to pay, what you get for your money and where the money is going? you can go to budget charts, leave it to steve ballmer. a very easy way for you to see

exactly where it's going and it's enough to make you sick. that is not what steve came up with, but where that money is going and what a lot of those politicians in both parties are telling after this.

but i'm not standing still...

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neil: the president is done and he will be heading to miami out of mar-a-lago meeting with the japanese prime minister. a lot of this after singing the praise of the tax cuts which are gangbusters attacks for the american economy. democrats who didn't vote for them, all voted against if it's caused more harm than it solves. microsoft ceo in his capacity with u.s.a. fax, which really takes a look at our budget and where it goes as much as you would have to provide.

a look at where the money goes and can maybe discourage you at the same time. good to have you. thanks for coming, steve ballmer. >> thanks for having me. neil: what's interesting when i look at the graphs and charts and everything else is how much money goes to keeping up with our debt and getting bigger and bigger and swamps everything else. that worries me. what about you? the aggregate worries me. 36% roughly of all government spend, five and $6 trillion goes into things we don't control very well. dad, pensions to federal workers, social security, medicare, the notion of fixed costs. mostly about it the more flexible for that and these are long-term obligations.

neil: paul ryan is leaving, and not running for another term. just the growth of medicare would still provide more money and he learns the hard way and others have comes in that going after entitlement or scaling their growth is a herculean task and not a think for one. so what is the lesson? >> there's two parts of entitlement. number one is what are we doing with their savings plans. social security and medicare. medicare you could say we have a little control because the government is the biggest buyer of health care. it could use its buying power to curb the cost of getting that health care. that might help a little bit and

governments really have to take a look at how we support the elderly in this country. the fabric, a bunch of stuff, medicaid and other programs support the disadvantage. that's a very different values based discussion. unless we get a handle on those big costs, there is no way in hack the deficits are going away. neil: so, when you step back from this and i know you don't take political sides here with the growth of this beast and what have you. there's only a couple ways to address it. more money, more taxes or cut spending. you could do both. so where do you think this is going as we go 21, 22, 23 for the next 10 years added to the dead. this happens no matter which party is in charge. >> right. each party has its own way of increasing the deficit appeared republicans like to pay taxes.

and i think it's a fundamental failure of right now in our order all system is the inability for politicians to think about the long-term because everybody is so invested in the short term. frankly you can look at the numbers we present and wonder whether government actions really drive the economy anyway. if you just take a look at the numbers come in the economy much more study than the government actions designed to impact. there is one other thing that people can do to help improve the deficit and that is to increase the population of the country. so we get more workers. population grew by 2.2 million. half of those are immigrants and whatever happens on immigration policy could well increase the deficits. neil: you know, we go back-and-forth about how you address that, but there is a smaller and smaller set of the

population paying taxes to fund the government and has federal income taxes at all. i do want to minimize what it did many americans pay because it's money federal government -- to the federal government than this to the federal government. everyone should have skin in the game. you shouldn't be paying vat rate. that is a prescription for disaster with providing 10 k. you would not invest in a company if there was a single generated company. >> government is not just there to balance its budget. there are real issues. i will push on a couple things. why do fewer and fewer people pay income tax? partly because we have an aging population that isn't paying much income tax. that is certainly an issue. it is also true for the bottom 80% in terms of income, the

payroll taxes exceed income taxes. only the more software for you see income taxes becoming more important and payroll taxes are decreasing what they pay. neil: you drive big distinction. do you worry about that direction? that is not sustainable. >> it's not -- i'm going to say by the numbers. it's not as disproportionate as you might see. let me see if i can remember the numbers. the top 1% mick's 21, 212% and pays 24%, 25% of all the taxes. disproportionate, but decide whether that's too much. payroll taxes to look different. neil: let me get your sense of what's going on here.

the markets have been sorry and laid him a lot of tax revenue that is going to come in off of that. do you buy this rally that's been dumping certainly over fear and concern since running out of steam. people vote back at the tech stocks and say they're going to keep believing that and this will keep growing and growing and growing. do you believe that? >> if you just look at the history, which you see since 1980, you see the surge is whether it's in the stock market, and gdp and then they kicked down because they get way overheated. whether we are way overheated today were way overheated tomorrow, we are way overheated or someone overheated and it's my own belief looking at the history, that this stuff will normalize. they can look at our numbers and decide here and every economist can do the crazy forecasting, but if i take it as a business

person, the line that goes just like this and then every time if fox is fact, if fox is down. the economy has a sustained level at which it can growing government policy can only screw it up. i'm a little skeptical about the market in the way the economy could overheat. neil: so you wouldn't hire this market where we are right now? >> iona market where it sits right now, neil. i do. i'm not sure i have any better idea where to put my money other than in the s&p index. and microsoft of course. >> facebook, mark zuckerberg on capitol hill seems incredible and privacy issues. do you think it long overdue for that company, for me industry in the aggregate?

>> well, the thing i learned from our issues with the government on antitrust as it is far better to have a stable environment with which to invest in the notion it becomes clearer and clearer for the modern internet companies to wonders and how they will think about and regulate policy would be liberating in a sense as long as they don't overdue regulation or private industry doesn't under do the response. neil: you've been on capitol hill, the guys questioning you were? >> i never had such an interview. located those interviews. the people i've met are smart, earnest people tried to do their best work. if you're a legislator, you're pounded away by so many things. >> i got a sense that a lot of them were not up on this. by the way, and that's the

product of age in where you come from. i understand not. it doesn't seem a lot of them knew what facebook was about or for that matter what social media was about in these people will control the regulating companies like facebook down the road. is that trouble you? >> what will happen as experts in this staff in some legislators that will be smart about that. if there was one thing i wished our legislators could understand it the overall face of our government. that's why we put up a liquor in your report. we have a shareholder call tomorrow for all citizens who are shareholders in america i'd www.u.s.a. faqs.org good 10:00 pacific, 1:00. i wish our legislators would hear how important it is, to look at the data and let a few legislators really get expert on things like the tech industry

and privacy et cetera. neil: i think they are a lot than they let on. they knows exactly what happened and they don't need to see all your charts and easy to look at presentation of what's happening with our money. they know it all too well. very few are brave enough to stand up and say we've got to do something or hold hands and they won't do that. so what we'll do that? >> well, there are two things. i'm a lot more skeptical than you are that they really know the situation. a lot more skeptical. i listen to this rhetoric. blah, blah. people pick numbers out of nowhere. i'm going to push back on that. i agree even if people know the numbers, there's no kurds. nobody wants to sacrifice anything in the short term so we don't have these huge debt and deficits for children. that drives me crazy. we have to balance the depth of

our kids against the style of living we have today. neil: when you were last time you said something to the point i am open to paying more tax. apparently quite a few people who would be in that bracket, not the billionaire bracket, but saying, who is he to gladly take a bow and pay more in taxes and i don't have nearly as well, be sticking me with that. that is not fair. that's right. his easy answer seems to be raised taxes. you say what? >> i didn't say what government should do. i said i would be okay. that's why we have a democratic ross and publish numbers. neil: i understand they say of course you'd be okay because you wouldn't miss it. >> and i'm going to. i will pay estate taxes. when i die a big estate tax bill will be paid.

for someone a lucky and fortunate as i have, i'm willing to do more. i'm not saying that's what society should decide. democracy should figure it out. with an eye for the long-term and there's too much people have today as opposed to the government that, which is keeping on our children. that's one thing i am highly opinionated. neil: keep saying for children but that really does depend on any given day whether you like your children. i do know where you're going with that. let me get a sense, we are in the middle of earnings season here. netflix is coming out "after the bell." that's our own phenomenon, much like amazon that captured the public's attention. do you ever worried issues like that are priced for perfection or we are revisiting the go-go internet days.

on any level does that strike you as even if you just invest in knows he'll be all right. would you? >> whenever you get the economic reality, and the earnings completely disconnected from the price, we will see an adjustment like we saw in 2000. they are in great companies. neil: are we on the verge of that now? >> i said that once in 97, 98 and i was wrong but then i was eventually write. >> sometime in the next couple years we will have an adjustment in the stock market and that will put a lot of strain on people who've expected things to be as they are today. the notion of envelope, bubble

down, that is more difficult on people than steady growth, which is what we really see in our economy is the rates to product committee. neil: steve ballmer, pleasure. i don't know if my economists guess would appreciate the blah, blah comment. l.a. clippers fan, former head of microsoft. thank you very much. good seeing you again. >> 1:00 shareholder meeting tomorrow. neil: be there or be square. the dallas 300 points here. again, i do urge you to be put in complete easy graphical understand during term, just where we are as a country. politics red or blue, man are we bleeding a lot of green. we will be back with more. nah. not gonna happen.

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>> welcome back to cavuto coast to coast spirit i am gerri willis. moving from the president's twitter account to the supreme court. tamara when it revisits its 1992 decision to allow online

retailers to sidestep's taxes in states where they have no physical president. some three-point 9 billion to 6.2 billion in taxes could be collected in 2017 how do arab and different. president trump has an unfair advantage over brick and mortar retailers because of the tax loophole in the advantage drove thousands of them out of business. i'd also jeff bezos on the "washington post," but amazon collects taxes on retail sales it makes. it's smaller businesses that don't collect taxes in those smaller businesses are responsible for as much as two thirds of the company's $313 billion in sales according to an analyst. to do business on amazon's platform, and they pay the company 15% of sales. ironically a change in the tax law could drive thousands of online businesses out of business. arguments in the case, south

dakota versus wayfarer begin tomorrow. back to you. neil: thank you very much, gerri willis. back to session highs here at about 305 points. the president with his most dramatic news announcement at the end of those remarks soaking up the tax cuts in florida today and what he might do about china. growing signs that the president will target china. of course he has charged that over these many years. that isn't news. what is news is he's going to act accordingly as something treasury secretary steve minich mnuchin to get holding on to nuclear weapons at the end here. having said that, the president is set to do just that saying china rigged its currency and everything else is reagan he wants to put a stop to it. a little more after this.

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neil: a lot of factors helping the dow advance today, relief over syria, relief that the tax cut and second wave of them could be coming that is a lot easier said than done. we'll explore it tomorrow on tax day, the day your taxes are due. we'll sit down with the senator mitch mcconnell the senate leader and what are the point of the tax cuts thatter not only crowning achievement for republicans but a winning one. news on merck. its shares popping nearly three% with progress with the keytruda

drug. it reduces risk of death in some cancers when combined with chemotherapy by 51%. that is a shattering development not only helping the shares but lifting spirits of many, many cancer patients worldwide. trish regan right now. trish: thank so much, neil cavuto. i am trish regan. this is the telebense report. -- the intelligence report. ♪ trish: all right we have a big, big rally right now. up 307. not bad on wall street as investors react to president trump's comments. gdp is soaring. we're bringing back jobs. people like the sound of that. plus a little less fear of a potential trade war. the liberal mainstream media doesn't see it this way. they don't see it this way at all. my intel what they are missing coming up. plus my one-on-one interview with world-renowned economist jeffrey