stuart: do you know the answer to this? when did utah become a state? 1878, 1804, which was it? i'm going to say 1896. the answer is, yeah, baby, 1896. send in varney feedback. "coast to coast" starts right now. neil: here is the good news, the president has a plan to shore up medicare and maybe give it years

more life. here is the bad news. it is all being done through tax hikes. i'm neil cavuto. this is "coast to coast." let's get right to it. the president announcing his budget a late one for this year into next year. the fact of the matter it calls for a lot more spending paid for by a lot more taxes. some big tax hikes as that. the latest from grady trimble on capitol hill. >> reporter: the president's budget drew the ire of republicans before even released it. that is because of those tax increases. totally five 1/2 trillions of dollars. the among the other proposals. it add as 25% tax on the wealthy. raises corporate tax from 21 to 28% t also scraps oil and gas subsidies. >> start picking, choosing, trying to penalize. it is not going to work. that is not going to fly. you cannot run this country if you're not energy secured. you can't be energy secured

unless you're producing oil, gas, coal, cleaner, than anywhere in the world. we have to be fair across the board. before you raising taxes find out what it will do to the economy. make sure everyone is paying their fair h fair share. >> reporter: president says those making less than $400,000 a year will not be hit but conservatives say they will when corporate taxes go up. climate, health care, college affordability. even democrats in lockstep with biden said this budget is not going anywhere. >> president would not get budget passed. >> reporter: president claims budget will expand lifetime by medicare 25 years. also reduce the deficit by

$3 trillion over the next decade. as you know, neil, the national debt is projected to grow by $20 trillion over that same party in terms of progress, balancing the budget, reducing national debt, what republicans want to see, it really doesn't make much of an impact. neil: only where you are right now, grady, we think of cuts as less, you know, the end after we see the cuts. but it is really cuts in the growth in this case of our debt which is out of control. so we're looking at 20 trillion more in debt. they hope to bring it down to only 17 trillion-dollar more in debt. i know a few diets that go that way. believe me, they don't america sure up. thank you, my friend. grady trimble. go to steve moore, what he makes of that bet selling author, former trump economic visor. steve, i don't know where this goes, i wonder if the president knows it doesn't go very far but he is calling out republicans to say i have a plan to shore up

medicare. where is yours? what do you think? >> it is true this budget, thanks god is going nowhere. i've been in this business 35 years. i would have to say, this is fiscal atrocity. probably worst budget i've seen in terms of what impact would be on the economy, it would be a killer. we would have the highest tax rates in the world. we would have the highest corporate tax rate in the world. personal income tax rates would go maybe not to the highest in the world but pretty chose to that. so none of that will go anywhere with the republican house. here is why this is so important, neil. this is sort of the blue print for where progressive democrats want to take the country. i think it is really indicative that there is no cuts in here. that it is all tax-and-spend, tax-and-spend. it would be ruinous for the economy and republicans should be putting out a completely different course from this. neil: we just showed a very

busy, and our people are brilliant here, busy what the president plans to do. i could save them the trouble, how much do you have, give it to us? might be simpler to do it that way. one thing comes up, stephen, the discussion comes up whether the president is sending a signal on this entitlement stuff he recognizes they're not sustainable, he will fix it raising taxes zeroing on the rich and not addressing the unsustainability of the way it pays out now. you could extend that to social security. his fix down the road, if there is one is going to be on just higher fica related taxes, leave it at that that is not the answer, is it? >> here is the point. what these programs, like social security, medicare depend on the most is economic growth. you got to grow the economy. you got to get people working. got to get higher real wages for workers. if you don't do that these programs will plunge into

bankruptcy even sooner than official forecasts. so my point is all of these tax increases are going to put a huge hole in the economy. they're going to slow growth. we'll be lucky if we grow it 1 1/2% at these growth rates. you will not be able to produce the revenues you need to make the program solvent. this is actually, by the way, we have a new study coming out early next week that will give you a sneak preview. just lower growth from biden being in office the last two years has taken about almost a trillion dollars out of the medicare and social security trust funds because we don't have the number of people working. we don't have the wages. we don't have enough gdp. neil: what is interesting, doesn't get as much attention, bringing capital gains rate up to almost 40%, in other words at the top income level, presently 39.6%, leaving aside the extra 5%, that the president wants the well-to-do people like you,

steve, to pay, to shore it up, you're talking a federal tax for a large swath of americans at 45%. i haven't even got eninto you know, state taxes, new york, new jersey, some of these high-taxed states that would bring your tax burden over 60%. quite easily. >> you're exactly right and you just left out one thing that is also in this budget, that for the first time in the history of the country joe biden wants to tax unrealized capital gains. that is, if you own stock and it rises in value, the biden administration wants to tax you even though you have not sold it. that is unprecedented. now think about what impact, look this is a show for investors. think about what impact that would have on the stock market if you actually raised the capital gains tax to anywhere near 40%. then tax people on their unrealized capital gains. this would be just absolute sock right in the nose of every

investor, everyone -- neil: there would be no reason for you to invest. >> exactly. neil: whether you sell or not you're still looking paying close to 40%. you're just not going to invest. >> and you're not going to get any revenue. even the congressional budget office estimated the amount, kind of the revenue maximizing rate on capital gains is somewhere around 20%. they're talking about twice the rate that actually maximize. in other words you understand this, neil. we would be on the wrong side of "the laffer curve." we would have a tax rate so high it wouldn't raise any revenues and it would cause i think a massive selloff of 1929 proportions if anything like this ever happened. neil: one thing i wanted to touch on, cbo sees a 46 trillion-dollar public debt in the next 10 years. what is left out of that is the spending that they estimate will be about two trillion in deficits year in, year out for the next 10 years which actually

brings that figure well over $50 trillion. >> yes. neil: these are using base figures. using real figures right now in real time, in real inflation talking about 20 trillion-dollars in more debt a plan that says, all right with this plan it will be $3 trillion, less than that. in other words, it will be maybe only 17 or $18 trillion more than the debt we have now. that is hardly a victory march. >> hardly. and don't forget, biden in the first two years in office has already increased the debt over that 10-year period by about $7 trillion. so in other words if we just stuck with the trump programs, the 10-year forecast would be $7 trillion lower. folks, don't be confused or tricked by this. this isn't a president who reduced the debt he says that all the time. he probably increased the debt more than any other president in american history. this budget isn't going to do -- by the way can't they find something to cut in the budget? we have a 6 1/2 trillion dollar

budget. they can't find anything to cut? neil: very difficult to do. no offense to your old boss. he racked up the debt as well. to be fair a lot of that was -- >> covid. neil: covid related spending. presidents of either priority have a devil of a time walking the talk here. >> you know it. neil: i'm wondering we can't keep going like this, steve. >> at at some point there will a financial crisis. i don't know if it is in six months, or two years. we can't stay on the path of massive out of control government spending, massive debt. neil, point to a single country in the history of the world where this kind of economic strategy worked? i couldn't find one. neil: italy. they kept going through prime ministers. but the food is delicious. they balanced it out. >> what about venezuela? what about argentina? what about mexico? what about bolivia?

what about greece? it doesn't work. it always crash lands. neil: we could be headed to that. steve, thank you very much. >> thank you. neil: stuff going on in paris. it has been like this all week long. they are expecting, they plan protest this is weekend and here's why. emannuel macron, who last time i checked is kind of a liberal leader, he is trying to rein in government growth, entitlement, pension spending. kids, cover your years, here is what he wants to do, raise the retirement age from 62 to 64 almost all over the next decade. it resulted in that. preview of coming attractions here? i hope not. brandon arnold, national taxpayers vice president. brandon, different case. how something is marketed. maybe we can fault emannuel macron not selling this better. a lot of people hearing cuts, wait a minute, we're used to the idea of retirement at 62. you're telling us it is 64. how do we avoid that here when

we have to make the hard decisions ourselves about extending life of social security? >> we never want to follow the policy advice of the french. that is a evergreen rule we should adhere to. they're making a modest change to the retirement age, which would have lower retirement age less than most of europe, portugal, spain. neil: over number of years. much like ronald reagan and tip o'neill were working on in the back in the 1980s to extend life of social security. it worked. something like that, you don't want to scare people in or at near retirement now. you want to remind younger people, they can pick an age where we're going with this. it is not sustainable the way it is now. >> they're facing the same demographic trends we are here in the united states with fewer workers, more retirees. neil: right. >> so that is creating these

systemic problems with our social security system that we need to address now. you know we know that about 10 years we're going to exhaust the social security trusted fund. then we'll be facing very significant and immediate cuts to benefit. so to avoid this kind of a panic, to avoid this kind of protests in the streets it would be wise not to put our head in the sand. instead look at some incree mental changes we can make, reforms to the program to increase the sustainability. unfortunately people on capitol hill want nothing to do with social security period. neil: i will speak at later date, nikki haley, former south carolina governor, u.n. ambassador, talking about changing retirement age, maybe not means testing it, the wealthy would not get as much. i don't know how that would fly. i know she is thinking of things. that could land on the third rail of politics, don't touch this stuff what do you think? >> in all likelihood given what

the former president is saying, what a lot of republicans, certainly almost all democrats are saying right now we're talking about third rail territory and that is unfortunate. we have structural problems in the retirement programs. kudos for nikki haley going out there speaking about them, being honest about these problems, putting some solutions on the table. i like those ideas. i think they ought to be vetted by members of congress. we ought to create commissions that is a meally-mouthed approach. but create commissions for all the trust funds heading towards bankruptcy right now. not just medicare, but the highway fund as well. neil: did that with the grace commission, ronald reagan, tip o'neill, combining resources, egos, fighting allegiances to get something done. it is possible. as you remind me of that, it has been done. brandon, great seeing you again. >> thanks, neil. neil: meantime i want to draw your attention to capitol hill, a lot of hearings, a lot of

important folks discussing a lot of important things including the norfolk southern ceo in the hot seat right now. alan chalk on what the government says he has to do. the $20 million he committed to east palestine isn't nearly enough. more after this. ♪. get refunds.com powered by innovation refunds can help your business get a payroll tax refund, even if you got ppp and it only takes eight minutes to qualify. i went on their website, uploaded everything, and i was blown away by what they could do. getrefunds.com has helped businesses get over a billion dollars and we can help your business too. qualify your business for a big refund in eight minutes.

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>> you will smell it as soon as you go into my house. >> i know this is affecting my childrens bodies. this is not safe. >> take my kids into my house, after 30 minutes i'm there, i -- >> do i have to wait until i have cancer or my kids are sick, my grandkids are sick before you guys are going to do anything? neil: residents of east palestine not too happy with norfolk southern and what ask going on. politicians are questioning norfolk southern ceo, alan shaw, whether he is doing it fast, safe enough, the company is playing fast and loose with the regulations. let's get the latest from mark meredith on capitol hill.

mark? >> reporter: norfolk southern ceo says the company is committed to making things right on the ground in ohio. playing the sound bite of people so frustrated. the company making it clear in their opinion. they understand those frustrations. they are committed to making sure for the long term impact. many lawmakers are making what you mentioned. worried about not only what happened last month in ohio, what else can be done to prevent future train derailments because there are so many train tracks nationwide. the ceo norfolk southern is addressing a little bit of but starting his testimony with a bit of apology. >> determined to make this right. norfolk southern will clean the site, safely, thoroughly, and with your ben sy. you have my personal commitment. norfolk southern will get the job done and help east palestine thrive. >> reporter: the ntsb preliminary report found it was an overheated wheel bearing as a major factor in the derailment

and fire. remember those 11 tank cars were carrying hazardous materials including vinyl chloride. there were no fatalities in the accident, the senators representing the ohio, pennsylvania border they fear the true impact of this disaster is really still unfolding. >> this is very toxic dirt we dug out of the ground, begins to seep back intoed ground causing problems and for air and water for residents of east palestine. we need leadership. we need the epa to get on the ground, aggressively get this stuff out of east palestine into properly licensed facilities. >> reporter: environmental experts including from the epa, are in the hearing room along with the norfolk southern ceo. they are continually testing the ground water, the air, from all indications things are safe on the ground, even one of epa officials are asked how off then do you drink the water when she goes there? she says she drink it every time she is there. the hearing is still ongoing at

this point. norfolk southern talking about the financial consequences they're expecting out of this. they're helping 4200 families. there are questions what they can offer in the long term. in fact senator bernie sanders asking about whether or not the company would pay for long-term health care for the residents of east palestine. the company says, they will do what they can to make things right, neil? neil: i have a feeling $20 million they committed, 4200 residents and responders that is probably a drop in the bucketket, right? >> reporter: yes, sir, absolutely. neil: thank you, mark meredith with us. michael o'shea, principal and owner, talking a lot of folks in that neck of the woods, representing them, see where they want to take this. michael, good to have you with us here. there are a lot of them saying the company isn't doing enough. that norfolk southern isn't doing enough. a lot of them sought you out. how many clients do you have right now? >> well 200 at this point. neil: wow. what are they urging you to do?

>> well, we, we are basically coming at it three ways. the first way we filed what is called a medical monitoring class action. i and my co-counsel nationwide law firm, motley rice, local counsel grant mccray, that medical monitoring class action looks to make sure norfolk southern will monitor these folks health care, health issues related to the spill for an indefinite period. second class action to address all property, economic loss that folks are experiencing. you know, as a result of the toxic train derailment that includes people who lost employees, people -- neil: all right. we seem to have lost your connection here. but if we can repatch that, guys. i will extend this a little bit to give you an idea the kind of things that have come up. two million dollars, $20 million is what norfolk southern has sort of sprinkled out to some

4200 residents and first-responders here. it is not even stevens. it doesn't fall together like that. one of the other things they toyed with, is providing lasting health protection that could obviously bring millions more. a push on residents who feel the homes will never have adequate value and norfolk southern should biology them out of their homes or by them outright previous yum to a market you might imagine east palestine is quite soft. we do not have him, right, guys? all right. i gave you the run-down what many hope to get out of norfolk southern. very unlikely we'll get any answers or traction on anytime soon but again to hear alan shaw tell it on capitol hill, we will be there for the long haul. will do what we have to do. people priced doing what we have to do, not millions but potentially billions.

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neil: at least not everything in the president's budget is dead on arrival, even republicans saw he gave the defense budget a boost to $886 billion. kash patel joins us now. former chief of staff after the department of defense. maybe with this environment with china and everything else, he had no choice but he did surprise some even in his own party with that. what did you think? >> yeah. look, as chief of staff we ushered at the time three years ago, 350 billion-dollar defense budget largest at that time in history for the u.s. we're seeing 130 billion-dollar increase. that did surprise me a lot, because i thought, there was portions of the 750 billion-dollar defense budget that we passed we didn't need and was unnecessary. i think it's combination of factors between everything going on in the ukraine. we've given over 110 billion in

aid, committed 30 billion more. i think that is where you're seeing the difference. i did find it surprising it was such a large number. neil: do you know where that breaks down, where the administration would be putting its priorities? the reason i asked, kash, china's xi xinping called quickly for elevating the armed forces. i don't know how that breaks down on the ledger. that is where he is putting almost all that 7.3% military budget increase in his country. what do you make of that? >> hopefully up to the leadership. there is two components. there is the intelligence leadership framework decides where to tier one categorize where the monetary commitments go. the congressional side. those are the needs to approve the budgetary restrictions and requirements. the operational side from the dod component we need, x. y, z, afghanistan, iraq, everywhere else. i think when you take those things together. add in the defense industrial

complex to me in my opinion, a great boon for america but facing biggest problem in washington, d.c. for its size, too much money i saw in the chair was wasted. hard to pigeon hole where the dod failed the fifth audited according to the last general inspector report cam out last month they can't account for 55% of its machinery. neil: issue of ukraine funding. a lot of republicans have been saying at the very least we'll closely watch every penny. others are going so far as to say, maybe we shouldn't be giving them money at all, prioritizing things here? where do you think that's going? >> well i think it is a wishful thinking to say we're going to watch every single penny. i hate to analgize ukraine with afghanistan for the last 20 years unfortunately i think that is where we're going. when you provide 110 billion in

equipment, machinery, aid, you have to provide u.s. personal to operate, maintain, that supply chain. i think we'll see conventional forces on the ground. the problem like afghanistan, ukraine doesn't have a conventional banking system. we're unable to electronically send funds to monitor them. we end up sending pallets of cash unfortunately. don't have the ability to trace that money that was a hard lesson we learned in afghanistan, that is mistake we're repeating here in just sending it over to ukraine. neil: kash patel, thank you on all that. focusing on whether we're weaponizing the federal government is, when it comes to twitter, a lot of accusations going back and forth that there were at least in cahoots. kelly o'grady has more from los angeles. >> reporter: neil, yes, the hearing already seen a lot of sparring and fireworks thus far. the house select committee really digging into the twitter

files with chairman jim jordan arguing some of that reporting reveals the weaponization of government. >> building a cozy relationship with big tech. they primed them for a hack and leak operation. they funded the think tank. if that is not a weaponization of government, i don't know what is. >> reporter: two witnesses on the stand today, matt taibbi, mark sell shen berger received access to internal communications from elon musk. shell enberger argued his findings certain governmental bodies worked together to sense sore viewpoints. >> they're creating blacklists of disfavored, people, pressuring, cajole egg, that social media platforms, censor, deamplify, even ban the people on those lists. >> reporter: house republicans are digging into potential impacts of the first amendment, committee democrats primarily spent their time questioning journalists ethics.

suggesting that the reporting was tied to monetary incentives. fcc investigation has zeroed in on elon musk as well, suggesting he may be giving foreign backers access to twitter user data. that musk is working with republican. >> republicans have brought in two of elon musk's public scribes to release cherry-picked out of context emails and screen shots designed to promote his chosen narrative. >> reporter: a lot of to unpack there. two lines of questions developed from republicans and democrats as common with the very contentious hearings. we can expect a lot more ping-pong with hours to go. neil: each side said their chosen narrative. each have their own narrative. you have a narrative. we have a narrative. a lot of narratives going on. kelly, thank you very much. kelly o'grady on that. have you done your taxes yet? a lot of people have not. got your news for you, relying on an accountant good luck with

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♪. neil: all right, gm is offering a majority of u.s. salaried workers a deal they hope the company will not back off away from but it's very generous buyout for more than half the salaried workers at the company here. it would offer voluntary buyouts to those who want to leave the company, and like the incentives, up to 12 months of pay, and 12 months of health insurance covered.

again, we don't know how many takers there could be. this could affect more than 500 salaried positions right now. normally when you get news like this, propels the stock, helps the stock. that is not the case today, some might be reading into this an indication of troubles at one of the world's largest automakers. too soon to tell. they are optimistic this will be a good deal for many to pass up. you're a worker wonder shoved i the deal is on the table. dan geltrude could probably advise people to crunch the numbers to see if it is worth their while. dan is a good market read but accountant by training. he knows money inside and out. we could use more brains but i digress. a lot of americans are finding out i need an accountant and i can't get one. what is going on? >> right, neil, you always viewed me as a rare find but you

tint realize how rare someone like is. neil: i had an idea, yeah. >> if you look at what's happened over just the last two years, neil, 300,000 accountants have left the professional. at the same time you don't have as many accounting majors as we had in the past. so there is this squeeze where you literally have a shortage where we are now literally getting to a crisis. what does that mean for all those people out there? if you don't have your accountant lined up for this tax season, you better get to hustle right now because you need somebody to at least file an extension for you to you can get more time to find an accountant. neil: why have so many left? where did they go? >> that's a really interesting question, neil, from the standpoint of everybody seems to

be saying, where did all these people go? in the case of accountants i believe that during the pandemic many of them just couldn't adjust to the use of technology, working remotely and they just said you know what? i'm too old for this, i'm heading to florida. good-bye. neil: really? that's so weird. >> yes. neil: because you know, requires special training, extra year of college at the least. this is an exclusive field. they would be in high demand, i'm just consulting would put them in high demand. are any of them leaping at that? >> what we're seeing is, is that accountants are being drawn away to go towards the finance area. everybody thinks that wall street is paved with gold, right, neil? it is those dollars that they're seeing. they look at it, they say, with all the hours that i have to work, let's say in public

accounting, if i have to work those hours i would rather go to wall street and make even more. you know, something neil? that is not always the case. neil: not now with what is going on. a lot of people filling out taxes or using software programs, turbotax, tax cut, they're finding they had huge stock market losses. so the flipside of those market losses it reduces your taxable income. so, i'm hearing that many can look forward to, with or without an accountant, bigger refunds. is that true? >> well, yeah. i mean if you realizing those losses, neil, and the key word is everything being realized, so if you have those losses, and at the same time you have realizeed gains, you are able to offset them. but you know what the real point is, here, neil? when you look investing strategy, and tax strategy, they have to go together because it

is not about how much you make, it is how much you keep. neil: absolutely. >> so really you need to have your accountant as part of your strategy to say, what is the net effect of these moves i'm making from an investment standpoint? neil: yeah. makes sense too, when you look attacks implications. you're also weighing in obviously the impact of the market, falloff in higher interest rates. we forget the tax side of it. especially you in if the president would succeed in some surtaxes he is looking at, that could be a very big factor, right? >> it will be a huge factor. i doubt very much that the president is going to get anything close to what he seems to be proposing. neil: yeah. >> but if some of that stuff goes through, neil, it becomes a very difficult process to weigh out because now you're investing moves, right, are going to be

subject to that much more tax. in my opinion, less moving in the market which less moving which probably means we'll see negative impact. neil: especially if we start taxing unrealized gains. that you have not cashed your stock, already being zoomed for that. that is whole another drama, a section, a story, dan, great seeing you, my friend. >> thanks, neil. neil: all right, dan geltrude on that. want to go to jackie deangelis, what's coming up on "the big money show." big taxes will be part of it i'm sure. jackie: absolutely, good afternoon, neil. we're digging first into the testimony on capitol hill with the journalists involved in the twitter files where the ftc is going after elon musk. is this a real issue or are they just going after the first amendment? budget buster, where the taxes come in. it is not really about revenue in the country, it is about the spending. we'll break it down at the top of the hour. more "coast to coast" after this. ♪.

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♪. neil: all right, the president releasing his budget for this year, into next year if you think about it. it calls for a lot of tax hikes

but the administration is convinced over 10 years we will be able to shave combined deficits which is another word for debt about $3 trillion over the ten years. the committee for a responsible federal budget is out with its own take on this, saying while that is good news that the president is trying to be fiscally prudent, all the rest, i'm paraphrasing here it does note he will certainly add to the debt when all is said and done. we told you about the idea that we're going to have roughly $20 trillion more in spending over this 10-year period. if you shave it by $3 trillion or so you will still have about $17 trillion more in spending using static accounting here, using numbers a little bit more in line with the way the budget sounds right now. they say the president's budget would borrow 19 trillion through 2033, increase the debt gpp ratio from 19% at end of 2023,

we owe almost what we're worth now, 98%, but in 10 years it will be 10% -- 110%. what we owe in this country will not equal what we own in this country. nothing in the budget will change that. the 3 trillion will only go in a fractional to fix the debt it is achievable target for upcoming budget. okay it could be a lot higher, $3 trillion higher, but when all said and done even with this it will be close to $20 trillion higher. my friends, they're calling that progress. that would be just using this vernacular that i could understand, like, my forecasting right now that i'm going to gain 50-pounds in the next 10 years, not unthinkable, by the way, and i end up gaining only 40-pounds,

and i tell you, well i lost 10-pounds. i haven't. i'm 40-pounds fatter! what does eliza collins make of this, "wall street journal" reporter. far more discretionary when it comes to addressing these subjects and calmer. the fact of the matter the debt will pile up. you combined numbers from "wall street journal." numbers that will still produce $23 trillion more in debt, we're in a world of hurt here. that isn't even realistic to say we're looking out ten years, right? >> i'm going to stop you right there and say the president's budget is going nowhere. neil: just iced it right there. >> doesn't mean that the debt is not going to increase but basically we've got a divided congress and that is who actually decides how the government spends money and so the republicans in the house of representatives are in control.

they have to approve legislation. democrats are in control in the senate but they need 60 votes. so they will need republicans there. a lot of things in biden's budget are nonstarters for republicans. so we can talk all we want about his specific numbers. that is not what we'll see at the end of the year. that doesn't mean the whole problem is solved but i think that is really important to note here. we've seen a lot of republicans very concerned about increasing debt. what we have not seen their proposal to fix it. we're seeing a big fight over social security and medicare which is part of biden's budget. neil: right. >> how to make us be able to afford that. we'll have to see what republicans counter with. if they can come to a compromise maybe get you down to only 30-pounds heavier. neil: [laughter]. one thing i noticed, eliza, give president kudos he wants to extend the shelf life of medicare, doing it only one way, raising taxes.

it is up to republicans to say how would you start doing it? would you means test certain things? would you cut certain benefits, programs. that is where it gets controversial. that is what history suggests very, very tough. we have done it with social security in the past, when a republican ronald reagan, and democrat speaker tip o'neill, got together, came up with a plan to extend social security, stagger age increases over the years, the last wave of which goes into effect this year, and get the ball rolling. that was a unique time. those are unique men at that time. what do you think now? >> i think that is very important to note. i do not think that joe biden and kevin mccarthy and mitch mcconnell should, i think leaders, they don't have that same relationship, willingness to work together. mccarthy has a very difficult conference to manage on his own. the republican party has moved further to the right. now he still has some in the center. he has to balance all of that.

so, i would be shocked if they can come up with a plan to reform social security and medicare but, we are going to continue to hear a lot about that because it is already becoming a 2024 presidential campaign issue. biden has determined rightfully so, because polls back him up, that americans don't want their access to these programs to change. so he is is did anything in this budget. he is proposing his version of a solution. you're right it's tax hike of over $400,000 earners. republicans will not vote for that. biden can say i proposed a plan to keep social security and medicare as it will. neil: right. >> some republicans have proposed changing the program. so biden is digging in very hard on that. they will have to figure out, republicans will have to figure out how to push back because it is absolutely going to be a campaign issue. neil: it should be. eliza, thank you very, very much. eliza collins on that. give the president kudos for addressing the elephant in the

room. the party has the elephant as a symbol will have to respond what it will do to protect a lot of these programs. nikki haley come up with a plan which she saud would change the retirement age. might even start looking at limiting social security and medicare for wealthier americans. she is my next guest on my "your world" 4:00 p.m. show as dr. anthony fauci. you might have heard a thing or two about him, what he knew about this whole, well the entire covid thing starting in a lab in china. what he knew and what he says he knew today on "your world," after this. ♪. .. choices when it comes to your internet and technology needs.

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neil: not only gm looking to see a few hundred sales workers exit from the company, salesforce, plan hundreds of sales and marketing employees to meet the coming, part of the plan. this continue the theme, where companies are going beyond normal layoffs to something on a percentage basis, proving more substantial. we will follow that. jackie deangelis take us to "the big money show". jackie: i heard your analogy to the budget, if you gain 50 and lost 40, you were not praised

for 10