welcome to allstate. where you can bundle home and auto insurance. right, frank? i saved 25%. booyah. and now you're relaxing! we're working from home. save up to 25% when you bundle home and auto with allstate. monday night. ♪ from the fox to visit new york city this is maria bartiromo's a while straight. welcome to the program that helps position you for the week ahead. i am cheryl in for maria bartiromo's. not in the "washington post" is going along with this one. biden ministration slam by the left-leaning outlet i would consider raising taxes in the middle class. kevin brady the republican leader on the house ways and means committee is here with his response. as the american dream of owning

a home dying? but the impact of inflation on the housing market. and, disney loses control paid florida stripping the company of a self-governing power after it squared off against state republicans over the parental rights bill. mcdonald ceo. the charge against big corporations entering the political pray he will join us coming up. >> but first more alarm bells sound of the democrat state in the midterm election the white house has been caught pushing claims about republicans tax plans for americans. "washington post" fact checked are giving this messaging 3.0 goes just short of four. >> let it be crystal clear the president will not raise taxes for anyone making under $40000. the publican plan with senator rick scott outline could not be more different. republicans on capitol hill are more than happy to pass a nearly 2 trillion-dollar tax giveaway

to the wealthy and big corporations under the previous they were under the previous ministration. but now, led by senator scott republicans want to raise taxes on the middle class with one independent analysis shown their plan would hike taxes by an average of around $1500 each year on 75 million american families, 96% of whom make under $100,000. >> here to respond top republican on the house tax writing committee kevin brady. congressman thank you for being here. >> good to see you. >> you got the white house making these comments with some economists say it is the biden tax plan that could thrust us into a recession but i want to add one more thing the white house after jen psaki made those comments the white house went on to tweak, get this, 24 million families of seniors making less than 100,000 per year but face it tax increases but again it going after republicans. your response?

>> it is in a word nonsense, easily debunked by independent sources. claims about republicans us every one of the world those cut taxes and are looking to make those lower taxes permanent. plus claims about the republican tax hike from the past is been repeatedly debunked, even called a zombie claim about the president's repeated claims. that is easily knocked now and the truth of the matter is right now resident biden has proposed to have trillion dollars of higher taxes lands mainly on main street small business people and on those most likely to invest in america rather than overseas present has got a real i've seen inflation problem an economic problem and he's got a tax hike a problem because his own "build back better" raise taxes on low and middle income families by. >> 36 total tax hikes 11 new taxes on energy and particulars we are dealing with incredibly

high gas prices across the country from pleasure brought the issue of inflation because many economists have pointed to all the stimulus spending that was led by the biden administration in 2021 that is led to inflation pronounced small businesses in particular telling foxbusiness every day, they are struggling under the rate of these inflationary pressures on the labor shortage. >> there is really a big red flag here. i don't think white house or economists have said listen to small businesses closely enough, they were the first more details about rising prices the first to tell us about the worker shortage. there the first to tell how dangerous these looming tax hikes are. right now small business optimism has plummeted to the lowest on record a new report shows six out of ten small businesses a fear higher prices will drive them out of business. think in short president biden's small businesses worst nightmare

they are facing these challenges every day it is been tough for them and in some ways to make it tough under this president. >> onto it to another topic close to your heart congressman you're from texas the white house says it is still on track to end title 42 next month despite more democrats speaking out against it. border patrol agents are bracing for a massive surge of illegal migrants. i now ask the also supporting homeland security secretary mayorkas is privately telling lawmakers he is concerned about ending it. how does this play out in your state? >> we just did a round of tahoe meanings last week the president's policy is bad enough, ending title 42 is dangerous, cruel and reckless the president does not seem to care for it states like ours pay a steep price for this in

trafficking, criminal gangs coming up. announcing fentanyl as a leading cause of death 18 -- 45 in america over the next half of a year is what is estimated it will be a crushing blow for. >> border agents i'm sure are telling you, they are at this point feeling defeated. they literally cannot keep up. oh what point do they're just kind of show their hands up and say we can't do this anymore? are the men and the women at the border keep fighting the good fight? >> thank you for pointing that out they are so. there is no end in sight. they are not able to do their job and no one is prepared for

this surge many grip in the valley they're not just protecting our country may art seeing the damage firsthand. they are hanging in there congressman kevin brady eight thank for being here we really appreciate it see american dream of owning a home faltering? and pushing back against corporate america's involvement in politics aimed at defending in politics aimed at defending employees and dad, we got this. we got this.

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fed chair jay powell indicated a likelihood of aggressive half-point rate hike but the next meeting and made to try to calm inflation rate here with me now chief adjustment strategy, markets good to see you. >> thanks cheryl but. >> responded sharply to comments on thursday. >> all but confirmed not that participants hadn't anticipated that. some of the betting markets around what the fed rate hike might look like a mate let alone go out to the next meeting as well. rose spoke of it so it's way to occur. realizing this very aggressive posture for the foreseeable future until we start to see those in fleishman readings trimmed out isn't if in fact we do pray.

>> the big? will they start to ease? is inflation a four-year high at march at 8.5%. we don't know when that will abate. the same subject goldman sach's timeout recession 35% this is the talk of the second half of the year it is in boardrooms it's on coffee breaks and businesses. it is looming that's kind of baked already in. >> i think it is or some threat that markets were digesting a few weeks ago when the yield curve albeit briefly very high predictive value to the recession perhaps but that 12 -- 24 month leg. i don't think that's probable for 2022 i would not rule it out though is a non- trivial

possibility for 2023 given all things that are conspiring if you will too perhaps the word economic that not the least of which is the fed policy. inflation is still high real incomes be impacted negatively by the high inflation rates despite the growing at a pretty rapid pace and of course global economic conditions not just the war on the eastern shores of europe but the fact china's economy which is so important to economic growth on a global basement is still fluttering they cannot seem to quite right, the amount of stimulus for late economic activity. >> that's a very good point. another good topic record home prices making it extremely difficult for buyers out there for the likelihood of renters being able to buy a home at the lowest point recorded in history but some calling out there is a bubble happening. is there a bubble in housing right now?

>> if you look at it financially, the score is of first-time homebuyers are exceedingly high. so far the services that are being undertaken in terms of debt related to households that have bought new homes are so exceedingly manageable on a household debt basis not to mention the fact you're not seeing any delinquencies or foreclosures. but at the same time from a price point standpoint is certainly indicative of an increase of the rate of change of scene in the last 12 months which is close to 20% year-over-year. i would expect more likely to see some deceleration in that year-over-year rate of change. the probably growing given the fact it's not just supply/demand imbalance relative to defect first-time homebuyers plan some cases affordability.

but rather the lack of supply just two months of existing homes for sale in about six months of new homes with home builders constrained by the fact you cannot get material and labor to produce the number of homes to meet the demands out there pray. >> thank you for being here sir. florida lawmakers voting to kill just a special tax status for the company shareholders are now being punished as the straw and showed stock-price files. former ceo mcdonald was fighting against corporation involvement in politics. this is what real food looks like in politics. it's going to

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♪ ♪ oco brexit disney looses control pictures of the company tumbling up to florida lawmakers gave the go-ahead on a bill that would eliminate special tax but does

they were of the move comes a bid tensions between republicans and disney over the company's opposition to the so-called don't take a bill in the state driving out former mcdonald ceo ramsey. you started the border initiative to push back on companies that you say have become too involved in politics. why is this important to you? >> coalition of three different groups i happen to be the chairman of the advisory group. every shareholder deserves to be represented. i was responsibility and duty of board members and of executives to build shareholder value and to grow profits of companies when you alienate of your

customer base or employees are going to have damage done to the profitability of the company and that is just wrong produce my opinion and others that executives and corporations just out of social and political engineering running the company publicly traded company with tens of thousands made profits and take care of the employees and shareholders. the first time initiative as a group is going to be going after bank of america. let's talk about that. you bought 2000 shares obviously want to have a voice with bank of america what is the game plan today? >> we are not really going after

bank of america particularly. it is all public corporations that need to be alerted to the fact that they have a lot of constituencies. all were asking for is for the shareholders to vote and asked the executives to a civil rights audit if you will of the policies and practices that make sure nobody's rights are being tramped on. we just want a quality across-the-board. they see a focus on building profits this won't be an issue. corporations, just a hat they have a job thousands of their ceos or board members does not give them the right to speak on my behalf as a shareholder or a customer. that is my responsibility. we have lunch with milton freedman back and 96 and he said young man, understand your responsibility as a grow prophet

not to take their profit and spend it on political campaigns or other matters, but is their choice let them spend their money their way pray quickly what has the response been with any of these big companies? >> i have had some privately i'm not going to disclose private conversations. the reality is disney trying to do the right thing i think but i don't think they're trying to be malicious at all. the damages can be done for getting involved in these kind of issues when you don't know what you're talking about. for them to say they're going to overthrow nowhere in the parents rights bill is the word gay ever mention. so somebody did not do their homework. this may be a catastrophe for disney but it still is an

opportunity for other businesses to learn from that mistake. it may be the best thing that ever happened to american business. >> you think the active ceo is here to stay? >> i think there is been a lot of bullying going on this is a tyranny of the minority breed the vast majority of americans don't believe in some these things are being championed right now. i personally believe as do most senior executives of most corporations that we must be inclusive. we have to include in our work base, employee base we have to include our shareholders. we have to include in our supply chain the people that we want as customers. they are going to be our customers we should have our constituency look like our customers. so people of color, people of sexual preferences there's a lot of room under this tent as long as it does not impact negatively on someone else's rights.

so, this is a simple matter of stick to your knitting. earn sales, earn profits, grow shareholder value, stay focused on that and let the shareholder decide what they are going to spend their money on paired with its political activity or not, that is their choice not the choice of a ceo. quicksort one group here we should say it working with marcus one of the cofounders of home depot. cr one group but what about the institutional investors out there? what about pension funds california teachers, take your pick. do you have ongoing conversations or meetings with this other shareholders that are like minded? i would think that it's a bigger voice that could push forward this change in these boardrooms across the country. >> there are a significant number of institutions that manage pension funds for and on

behalf of pensioners black rock is one of them. think they got $10 trillion they managed carefully. they are going to pay attention to this just like everybody else. these people are very intelligent. they know what is going on. they work on behalf of the pensioners and the people who made these investments for the fact of the matter is the people that got hurt they were so people who are on fixed incomes. look they're arty conference with eight and a half -- 9% inflation in this country now they look at the retirement funds and people are scared to death are going to outlive their retirement funds. so we need to grow those funds of people can have a secure future once they retire from the workforce. these companies all know that. these managers all know that. think this thing with dissing some of the things we are trying to do with bank of america and others to come, will send the wake-up call say our focus ought to be on growing the business. now, what will the dialogue be like? i don't know were just getting started. we have had an exciting start people are starting to listen to

us. summit where in the back of my mind have been having been a ceo of a major company i can tell you, you fall into a trap of conventional thinking sometimes it is hard to be brave, step out do what is right. ernie marcus is a brilliant man he created a job creator's network in line with another organization, free enterprise project and others. i think we are going to make some very positive changes i look at it this way, it is not a fight this is an education process and reminding people what their responsibilities are as board members for. as board members for. > we gotta tell people that liberty mutual customizes car insurance so you only pay for what you need, and we gotta do it fast. [limu emu squawks] woo! new personal record, limu! only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ your shipping manager left to “find themself.”

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>> murray is back next to her because of the big show. make sure to tune into wall street every friday at 7:00 p.m. and catch your 10:00 a.m. sunday

morning on the fox news channel for sunday morning futures bridge got exclusive interviews with texas governor greg abbott former national intelligence director john ratcliffe vittert sweitzer near post columnist maranda divined. and, check out the new season of american dream home. starting this wednesday at 9:00 p.m. right here ons. that will do it for me, thank you for watching. have a great weekend. ♪ ♪ ♪ ♪ ♪ >> hello i'm james of treatment and for gerry baker. this week on the wall street journal at large, but this masks back on. yes despite of the scientific evidence, despite a federal judge ruling despite american's frustration after two years of covid controls, the bided a ministration still