vita you -- to invite you, unless you brought taco pie, and extra wine. connell: bulls and bears starts right now. david: we're just a few hours from president trump's highly anticipated, finally, his state of the union address to america with democrats in 2020 campaign mode, "wall street journal" editorial record said that president needs to start his campaign tonight by touting the u.s. economy. to weigh in and more heather is with us, and caroll, and rick unger, and white house press secretary, sean spicer. we keep getting great stats that come in go job growth, wage growth. the manufacturing and energy sector going great guns,

shouldn't that be the focus, that good for america it counters this socialist trend of the democrats, doesn't it? >> i had the opportunity to talk with president and vice president last night about the speech, it is important to recognize that president realizes what a hume platform this is, initially and domestically -- huge platform this is internationally and domestically, he will spend a good chunk of the my reminding people what changed positively because of this administration over last two years, a lot of stats come out in fits and starts over the course of weeks, or a month or a year. it is one big case, not just 5. 2 million jobs, make an entire case, roll it into one so people understand the scope what has changed. >> this is caroll ross, i wrote an op-ed for fox business on the

state of small business and entrepreneurship. a really important part of our economy, 30 plus million small business owners, almost half of the jobs in this country, how much of this speech and the economic strength do you think that the president will attribute to small business, do you think that will be key part of what he is talking about? some i think that president understands the engine of small business in terms of growth of our economy and our employment. i don't know if he call specifically call out small business, but he will talk about not just about where we have been and where we have come. but what is ahead, vision for america, greatness for america, i think that small business is a part of that, he will talk about infrastructure and modernizing infrastructure truck and process. one thing he was talking about yesterday, it takes so long when you pump money in to get it out of the other side because of the

lengthy process, that impacts small business, if you are doing a billion dollar works project that is tremendous amount of contractors and subcontractors and support staff that small business would be a part of. he will talk about process and how he wants to stream lean line it -- sphreem lin stream line iy small business open are out there understands what he is saying. >> sean, rick unger. no question that president has a terrific economickikic story to tell, but the election is not tomorrow or this year. and most economists are projecting we'll probably come down a little bit this year, we could be flat or worse next year. so what good does it do the president to make us feel better about the economy, should he not -- should he not prepare ground

and decide who to blame if the economy will stop him by election day. >> the same economist said we would get 3% growth. we have the same -- i think this president does not look and wonder who pundits are thinking, he has been acting since high ht in. if he was worried about the economists, he would not have done half of what he has done. he is doing it because it is the right thing to do. reminding people where we have been, whether the polls or economists predicting where we have been, everything has realized in all predicting games, they have been vastly wrong. i would bet on the president right now and worry about polls and things later. he has defied odds whether in terms of policies and their impact, we have talked about the tariffs, that would slow everything down and shut down

would ruin everything. we keep doing better and better. >> i love your optimistic spirit, sean, i think you are right to point that out. aside from the economy, a deal in immigration would be a big feat for president trump how do you think he will resolve this. >> i am he will talk about border security in context of three things i think, the security nature. we need to have secure borders to keep americans safe. and he will talk about it from perspective of humanitarian piece. women, children, and drugs flowing over the border, that is not good for them, that is not good for our people. he will talk about support that most democrats had for these policies for last several years, call it out, not in a negative way, but make sure that everyone understands that policies he is talking about they have garnered you know broad bipartisan

support, number of times over the past decade, he will make it very clear, make the case, for border security, and immigration reform, in a very compelling way. >> john layfield here, you glossed over global trade war, and shut down. the trade war worries me that president is now engaged in. it is disrupted global supply chains, it seems to be a bigger deal than what you are saying, are you not concerned about this. the way you made that statement, it soup sounds like you are not. >> respec respectfully, i did nn to come off that way, despite of time something happens these predicttion come out about how unemployment or employment and the economy will come to a screeching halt, it has not

happened. i share your concern. we need to balance fighting for your workers and getting better deals, so far you look at south korea and renegotiates deal with them, and nafta, they are deals that at end of day's little bit of churn in the water they came out to benefit u.s. workers in the end like the president said. with respect to china, he is holding their feet to the fire. everyone wants this wrapped up sooner rather than later, i think we are making progress in terms of talks and commitment that china has seemingly made. no one wants this to drag on, i think you are right to pose out long term concerns that people have i feel confident that president's commitment to a better deal for the american worker will benefit us in long-term. david: we'll talk about that coming up. i have to ask you about socialism and the democrats lean toward socialism, some cases pretty straight forward with socialized medicine, and tuition and et cetera. americans still don't like

socialism by a margin of 2 to 1. even they are for taxing rich more, they say that socialism would be bad for america. should the president call them out in will he call them out for the socialist policies? >> i don't think that this speech is about calling people out, the state of the union is a lofty speech, whimsical, big picture, visioniary, there will be time on the campaign trail to call out democrats. i think that socialism is now mean stream in democratic party, it was the the far estreak left -- extreme left. now you see their members embrace the title, they use cord words like -- code words like medicare for all. reality is socialism is mainstream in democratic party now, you see them go continue further and further left. irony, and you see people in venezuela fighting for a chance

to breakaway from socialism, you see people in cuba fleeing from socialism, yet democratic party here, the land of the free running toward it, that is amazing. >> it is rick, push back on that, medicare for all, whether you like it or not is not socialism, the government is not going to be employing the doctors, and government is not going to own the hospitals. >> yes, yes. >> you can say yes, but not socialism, that point number one. it may become that. i'll give that you. secondly, democrats main treatment, i am democrat mainstream, you never met anyone less a socialist than me. david: don't you feel lonely? >> no. >> there are people in the democratic party, mostly young people looking at tabs who think this is a good idea, most democrats have not gone down that rabbit hole, they know, that is not what the united states of america is. >> rick, rick, i hope you are

right. i really do, i hope you are right. and i hope there are more democrats like you that are sensible and smart, you see these, whether bernie sanders on one extreme who is now what everyone. embrazes orallal wh who -- alexandria ocasio-cortez who the young, they are when you talk about who is the leetders o leae democratic part they are up. >> i want to bring it back to capitalism for a moment, we had great real-time data today, on how good strength of the economy was. disney reported earnings, after the bell, they guided down, they beat that guidance. that was really on the back of consumer spending, i think that under scores how strong the economy and how strong the consumer is,. is,. i think is what we'll see in state of union. >> i think that -- one point to

be made, you know economic data. this is what you do all day, most people don't pay attention to every little economic report that comes you on out. the president has an opportunity through state of union to address a worldwide audience, and recap where we have come in last two years, and positive impact haz his policies had on r economy here and the lives of so many people, put it in focus in a collect of way, not piecemeal aspect that the reports have come out. i think you will see a good chunk of speech initially recap where we have come from, and positive impact his policies have made. david: sean, final question, what about looks to future. that is what states of the union do, it is difficult. he got the tax reform, and this deregulation stuff in. but, with democrat house, isn't next at least two years going to be difficult to make economic possibly thearchlpoll changes te

economy more. >> absolutely, you see president talk that vision, of the american greatness, this idea of working together to stuff like infrastructure, things like 5 g, not just infrastructure in terms of a pot of money but reforming system, when we put money into infrastructure, a modern infrastructure process, we speed up permitting process to actually see impact of the projects quicker. not taking 10 years from sign off to sign down -- you know pro jokproject completed, he will tk about modernizing the system, and 5 g bring people together, great jobs in america and move country forward. david: sean spicer thank you. >> thank you. david: big news development in china trade discussion, more on headlines coming out. what this means going forward coming next. as someone in witness protection,

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trump administration understands global trade. you have a tweak of nafta that still has to be approved by congress, i think that president xi hopefully will find a way to let president trump declare victory. we could find an off-ramp to this i don't have faith in our team going over there. >> oh, my gosh. pushing back, hopefully there have been some concessions made there is a step in the right direction. this is progress. they have agreed to buy more from us in terms of soybeans and dmach rallnatural gas and narror deficit with them, and agreed to eliminate auto tariffs. we don't have clarity of i-t theft, and joint venture that forced transfer of technology, i think that talks, or progression of talks and negotiations is how we -- that is the only way for u.s. to have the upper hand.

what do you think we just stop talking? >> i was going to say i certainly think that if you look at steve mnuchin, and lighthizer, they know what they are doing. what they are trying to do is really difficult. what i think is going to happen circumstance we will get -- happen is we'll get an agreement where trump and xi jinping can both declare victory. in terms of cyber hacking this is going to take a mind set change in the way that the chinese do business, they are not innovators, they are people who know how to knock things off. to go back to your country and change fundamentally the way you have been doing business for decades and decades is difficult, i don't think this is a knowledge thing, this is a difficult task. >> there in lies of problem, i

am not going to be as hard on the administration as john is. i am rooting for this administration. >> i am too by the way. >> but caroll is right, the problem is that you cannot change this long of a cultural behave iabehavior that exists ia just by a negotiation. i have no confidence that chinese will cerebra suddenly ce their way, and stop ripping off your intellectual property and hacking, i don't think that we can do anything about it. david: the badg administration m their perspective, they have convinced americans. now they will sign an agreement with the chinese saying, okay we have them to agree on this, after convincing us they are cheaters. how do you make the case they

will abide by anything they sign on to? >> then you keep pressure on them, david, through forms of things like tariff or vow to not undo the tariffs until they adhere on the standards was not stealing our ip. ip. you had two chinese nationals arrested working in apple, arrest by fbi, a u.s. company, to go back to china. to give a direct competitor our trade secrets, that not the first time it happened. >> it will not be the last. >> but that is why we have to crackdown on it. david: we all wish him the best. >> i am not sure this is the way. i am an american red, white, and blue. i want president to succeed and i want mnuchin to succeed, i don't think that tariffs will do it. they are buoying soy -- buying soybeans, and they are buying

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>> civil war. it literally restructured the economy to help red states at the cost of blue states, that is what it did. it was a diabolical political

maneuver. encourages new yorkers to move to other states, if your political goal is to help republican state and hurt democratic states. this is the way they do it. david: diabolical, new york governor cuomo flame blaming stt deduction for pushing some of his states' highest earnings to states like florida and texas, states with no income tax. is the new tax law really to blame. first time i heard cuomo say he needed rich people, that rich people, top 5% pay 63% of income taxes, but he flames the fed's new law, not his own state taxes. >> two things, all they have to do is reduce state taxes and he

is governor, he could reduce new york state taxes, and new york city, could reduce property taxes, and income taxes there. their is no problem. step one. they can't continue their high tax policies in future, but he said we started a war. you know we ended a war for last 50 years, high tax states like new york, have been looting the rest was country, and getting subsidies in tomorrow of the tax loopholes that other states were paying, only the really expensive, income tax, high property tax, states were benefiting tremendously from state and local tax deductibility to no cap at all. we ended a civil war, now all 50 states play on the same, flat

playing fields and he is playing stupidly, he can change that. >> this caroll ross from high tax state of illinois. we are worse. but it does seem like getting rid of the salt cap has bipartisan support, do you think this is something that could be on the table to be changed perhaps this year,? if so, do you think it could be a clean change or a let's make a deal bargains scenario. >> i don't expect this to change at all. , to do so is a significant tax reduction, all that of which almost always goes to top 1%. a handful of states and districts affected. you have to have a broader level of support to end this special loop hope for rich people living in high tax states in e expensie

cities, it can be solved with mayors being competent. >> i think that governor goes a little bit too far. there are more taxes that would drive people out more than just salt deduction going away, that saying, someone who pays a big price with the salt reduction, you must be rooting for it to return. >> no, no, i am in favor of getting rid of state and local tax deductibility total, and use that to take down the rates for everyone. and that reducing some of the challenges and pressures that cuomo had. i look forward to his support in next round of rate dereduction.

>> that is going to happen. >> this friday, fox business, interviewed chris christie your comments. >> for years, the high tax states got bailed out by the federal government by this deduction, and now they no longer get it what should be done. >> the problem with new jersey and new york. they have raised taxes in light of the changes in new jersey they raised taxes again own -- on income, on sales, on whole -- uber now. they are taxing airbnb. >> it will drive away business. >> it will drive away business, new jersey is now number one state for people moving out not coming back. >> grover, a softball here. what are your thoughts about former governor said? >> governor christie is correct. this a challenge, new york, new jersey, a number of states have

way over spent and over taxed. they need to spring rates down on -- bring rates down on high income people. have you 2500 democrats running for president, and they are all screaming for blood. how do normal governors running their states explain the need to reduce taxes for all new yorkers, particularly very heavily tacke tax -- taxed highe new yorkers when screams in their year is the guy from vermont saying this is fun, let's do more. >> is that not what it all about aat en was day, that democrats believe higher taxing will help solve the problem of income inequality, but is increasing taxes and redistribution the best way to close the gap? >> you could reduce income inequality in new york by having fewer rich people in new york they move out. >> that what is happening.

>> the french revolution had similar effects. the reason they like high taxes on the rich, not that they raise that much money, it justifies the high taxes on middle class, you say to voters, we're cutting off two of your fingers but that guy over their is really getting its kennedy kids pay a lot, so you don't mind paying more. that is difference between denmark, sweden and us, not how they tax rich but how heavily day tax middle class with 20% add value class, and high are incomhigherincome taxes compared states hi tax rate is -- this magicians do. look at, that they pick the pockets of middle class with other hand, hopefully we can get them to knockoff both of them. david: a great analogy. if you want income equality, go

to cuba, everyone is poor, they are all equal that is what it is about. >> thank you. >> walmart in progressive cross hairs of senator bernie sanders again. could new launch of attacks be one that guest retail giant to boost the minimum wage as bernie wants to boosted? we'll detail that coming next -- debate that coming next. a business owner always goes beyond what people expect. that's why we built the nation's largest gig-speed network along with complete reliability. then went beyond. beyond clumsy dials-in's and pins.

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read reviews, check hotel prices, book things to do, tripadvisor. david: senator bernie sanders is a hardima hard -- hardiman -- t, staying, decision to provide hours of sick leaves to its employees is not good enough, socialist senators push on amazon to raise minimum wage paid off last year. so will walmart give in to this

one as well? >> i hope so, on their this one, i am not to bernie sanders that often, in this one, walmart is one of the greatest offenders of the in the country. why do we not pay them enough for most basic thing we work for food. i don't like it we gave them 3 billion a year in tax benefits and tax law, fine. they make a lot of money -- >> we gave them? did they not earn it. >> no, they -- >> all right. >> tax cut. david: gang? >> not profits tax benefits. david: gang? >> remember what president obama said you didn't earn, that you done buy that or sell that because the government built the roads. yeah, i know but give them some credit. it is just seems like there is

this war against success of big business. walmart, employees tens of thousands of people, good healthcare, they upped their minimum wage to $15 -- there is no health care? sorry. but why are democrats so angry at them? because they are a success story. they are one of america's wealthiest families they earned it, they supply a great business to a lot of customers at an affordable post. >> the thing is 15 dollars, not whether the right number or not, no one knows, look walmart average full time salary $13. threat38. why does bernie sanders pick 15, why not 14 or 12. there no algal.

>> you can put in there if they had a rational for it i would get it walmart have done good-bye their workers, they are one of the biggest in renewable energy. >> do yo you know why bernie sanders picked $15? he has no clue about anything, everything he says makes so sense. he is talking about buybacks. he con-- conflates issues, he has no idea what is going oi don't know why we keep listens to him, bernie sanders butt out, if people don't want to work for 15 dollars they won't do it. david: he is also a socialist who does not believe no corporate profit. >> thank you, every time an electric car is bought taxpayers on the hook, one senator is

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david: wyoming senator barrazo making his case for pulling plug on electric car subsidies, for a fox news op-ed, writing never before has a car consumer had so many choices taxpayers have no chase, every time a car sells, u.s. taxpayer must help pay for it. senator john brazo joining us. i thought, a lot thought that onubsubsidies were being phasedt but what happened. >> this is costing taxpayers billions of dollars, whole purposbehind subsidizing electrs to make sure they could get a market built, to have demand. we're at a point in exhibit a, super bowl ad, audi paid $5 million to run an ad said by

2025, 1/3 of their vehicles would be electric vehicles. that is terrific, but it should not be at my subsidies by american taxpayers, this is a time to end the subsidy now, to pull the plug. >> senator, caroll ross. i am one that does not like government picking winners and losers. but government does this all of the time, and certainly, the environment is an issue that is very important to a lot of people. so from a cost-benefit analysis or environmental impact, have you looked at what that cost is or benefit is for having an electric vehicle on the road? versus a traditional vehicle that might give us reason to say it does not make sense to have the incentives? >> well, cost to taxpayers is about $20 billion going forward that could be saved by eliminating this, and other thing, caroll, the roads, i chair the committee that

oversees infrastructure, roads and bridges, the gasoline tax and wear and tear caused by vehicles that pays for that wear and tear. electric vehicles do the same wear and tear they they nothing they don't buy gasoline, my proposal to tax them, the highway trust fund, which pays for infrastructure is going broke, i it will be broke by 201 with more and more electric vehicles on the road. it will go broke faster. >> the gas tax that pays for transportation and infrastructure, congress politicians rated it 91 and 93, not all of it is used for infrastructure but a lot of things locally. to me that is not quite a fair analogy, my question, is that if you against electric cars subsidies, which i have no problem with, are you also against subsidies are ethanol

and cold and fossil fuels? >> right now i'm talking about 20 billion of mostly subsidizing very high income people, you look at who is purchased an electric vehicle in united states, 8 out of 10 are by people who an income of highers that are than $100,000 a year, you are right about the highway trust fund been robbed, to pay for transit, that is in big cities is a focus there. i think all money from gas tax ought to go to transportation for the roads and bridges, but that still not enough, you still run a deficit at current gas price. because cars are more efficient, they use less gasoline, and so the amount of money in to trust fund is not enough, i think one way to help that trust fund, and repair damage done to our roads, and highways and bridges is by

eliminates tax credit to basically healthy people -- wealthy people. >> senator rick unger here, i have say in reading your op-ed, i sthow thought you made excellt points, that subsidies are going to subsidize wealthy people, we know that subsidies did launch the electric car industry, that say good thing. and but at the same time we're subsidizing people who don't need it why not create insensitive to get auto companies to starts putting their investment in to mid size, to lower cost cars to get the middle class into these electric vehicles, and stop giving subsidies to high-techet price cars. >> you are right, highest go to most expensive vehicle. if you drive a electric car, you are not contributing at all to

the repair of our roads and our bridges, the infrastructure of the nation. i think their is a responsibility there. as well which is other half of the bill that i have introduced one is ir eliminates subsidies t other is a fee on the car of luxury vehicles, they contribute to work being done. >> i agree, senator, you are right, look, porsche said they are doubling electric car production, and gm creating between new electric car vehicle, this is because it is profitable for them, bottom line is that, we no longer need the subsidies if we did at one point in time. the carmakers are profitable without them. >> i agree, this is 20 billion, i think that subsidies were necessary, when they started, 27 years ago. and we now have a mature market

and a growing market in electric vehicles. terrific, you can talk about all advantages of those, but i don't think we should be subsidizing those vehicles. all of these foreign companies, building and sending cars to united states to get this subsidy in addition to sale. >> corporate welfare is bad enough, but subsidizing foreign companies by u.s. taxpayers there is no reason for, that senator thank you for joining us. >> thank you. >> thank you. david: come back. >> law maker saying that free market not keeping big tech in check, they have to step in, should they? we'll debate it coming next.

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record earnings despite a year filled with lots of scandal. but their woes may be over as members of congress say they need to be harder on tech companies because consumers aren't. but don't consumers decide for themselves? >> i think consumers do decide long they are not a monopoly. facebook is probably like twitter, one of the widest used social media platforms. as long as you have an alternative, i think you are okay. but it's important for the public to shine a light on for instance, cambridge analytica. as long as you are shining a light on that and allow consumers to have a choice to go somewhere else, you go to fox. you have an alternative. so then it's okay and government

doesn't have to step in. >> i don't think government should step in at all. once you see the state of the union and the geriatric politicians, most of of whom have been in office since the development of the telephone. they went after the banks and oil companies. it's going to be a dog and pony show and hopefully no regulations will get done. >> i agree the public can decide what they what to do about how facebook handles their material. these main large companies have a funny way of blocking other startups or goj them up if they look like they can be a threat. i care about the anti-trust

aspect because it keeps the con seemers from having choices. i'm so concerned about my privacy. look at my vacation photos. i'm not home so please rob my house. people don't care about privacy right now but they will in the future. lit create an opportunity for some company to come in and compete. once the competition comes, they will have to change their policies. this is how free markets work. once consumers stop being so blase' about their privacy, it will change. david: they feel they have to do something to just buy their existence. >> absolutely. this is populism times 10 what they are going after these big

tech companies. look at share buybacks. they are going to go after these guys. david: god help us all, ladies and gentlemen. that does it for "bulls and bears." >> the president is going to do what is necessary to protect our border. >> perhaps more empty than the border policies are the president's calls for unity. >> he'll lay out with the next weeks and months look like. >> we know what president trump will say tonight, that the state of our union is strong. the american people know the truth. >> he's as committed today as he has ever been that we get real border security that includes a wall. liz: president trump