larry: jay powell should understand that hot oil prices cause inflation. and you know what? u.s. senators should wear long pants. and you know what else? we should all watch liz macdonald. elizabeth: larry, you're the best. thank you for that. [laughter] yeah, put on your big boy pants, senator fetterman. larry: i got long pants on. elizabeth: he's got gym shorts on. thank you so much, larry. the hot stories of the day, fiery clashes at tone general merrick garland's hearing today. we've got his surprising

admissions. and plus,es house lawmakers blast the justice county's double standards for the powerful. and federal reserve did hit the pause on, the pause button on rate hikes, but they may soon raise again to battle historic inflation. and george soros is funding biden's, quote, tiktok army to happy praise on the president is and bash keys. and florida governor ron desantis the says he'll deliver $2 gas. wow. also, alexandria ocasio-cortez gets fact-checked in realtime at a hearing on her wild claim about climate change. and the washington post says former president trump is making historic gains with with minority voters. and watch out for this: certain drug costs will double due to a hidden tax in biden's big spending bill. and dozens of senators demand senator schumer revoke his senate dress code change for senator john fetterman saying, grow up, put on a suit.

i'm liz mac donald, "the evening edit" starts right now. ♪ ♪ elizabeth: well, look who's here, the chairman of house judiciary, congressman jim jordan, also congressman russell fry. gentlemen, thanks for joining us tonight. wow. it was a fury day, congressman jordan. what's your takeaway from attorney general merrick gashland's testimony -- garland's testimony today? >> well, they're all over the place. if he didn't need the authority, why'd you give -- if he already had the authority, i should say, why'd you give it to him in david wise told us originally he had ultimate authority, and then, of course, he changed if days later on the june 30th letter to me and said he could only bring charges in his home district. elizabeth: you mean against hunter biden. >> against hunter biden, right.

but merrick garland said, no, no, he had the authority the whole time. we asked him the simple question, again, why does he need it if he already had it? i think there's all kinds of contra that dictions there, and, of course, the double can standard that there's the special counsel who's attacking president trump, and there's a special counsel, mr. weiss, who's protecting president biden. that's not supposed to be how our justice system works. elizabeth: yeah, so what chairman jordan just said. what was your reaction today with what you saw, congressman fry. >> i think the biggest perplexing thing or the frustration is that you see this legal game of red light/green light going on with the department of justice. they stonewall charges being brought in the ticket of columbia in march of '232 the, they stonewall it in california. meanwhile, the attorney general has twice testified on capitol hill that attorney weiss had every, all authority to do this. and so it's always the stop and go. and i think that's the the really troubling crux is, to the

chairman's point, if he had the authority, he wouldn't need to designate special counsel. but instead we've seen statute of limitations run, we've seen the slow-walking of this. irs whistleblowers have talked about that. so this thing is just rotten to the core. elizabeth: yeah, average americans get immediately charged with tax evasion right off the bat. i mean, so but they let the statute of limitations lapse -- >> right. elizabeth: -- on 2024, 2015 -- 2014, 2015 hunter biden tax evasion charges? why? that's not fair to regular americans. let's listen to the fireworks. watch this. >> have you had personal contact with anyone at fbi headquarters about the hunter biden investigation. >> i don't recollection -- recollect the the answer to that question. >> so those whiting blowers are lying? >> their description is an opinion. it's not a fact question. >> what i'm wondering is why do you guys let the statute of limitations lapse for those tax years that dealt with burisma

income? >> there's one more fact that's important and that is that this investigation was being conducted by mr. weiss, an appointee of president trump. i left it to mr. weiss whether to bring charges or not. that would include whether to let statute of limitations expire or not. >> the idea that someone with my family background would discriminate against any religion is so outrageous so absurd. >> mr. attorney, it was your fbi that did. it was your fbi that was sending, and we have the memos, we have the e-mails, were sending undercover agents into catholic churches. >> we were appalled by that memo. elizabeth: so he's appalled about the memo. but, chairman jordan, okay, the irs whistleblowers are veterans. they work on complex criminal tax cases. >> yeah. elizabeth: so what they testified to was just an opinion? and garland admits it was up to wise to let the statute of limitations expire on hunter

biden's tax evasion charges but other americans don't get that treatment, chairman jordan? >> no, you're exactly right. let's remember, the whistleblowers, their testimony stood up to four hours of crosses-examination in the house oversight committee by democrats here in congress. their testimony has been consistent, and it has stood the up under cross-examination. that's not the same with the department of justice or the white house. their story has changed multiple times. and you're exactly right, this statute of limitations issue is central to the case. because the years they let lapse, the years they let expire, the statute of limitations dealt with the income, the millions of dollars of income hunter biden got from burisma. never forget the four fundamental facts; hunter biden went on the board of burisma, got paid a bunch of money, number two, he wasn't qualified. his words, not mine. he said he got the position probably because of his last name. fact number three, the burisma executives asked him to help them deal with the pressure they were under from the prosecutor. fact number four, joe biden goes

to kyiv, tells them, leverages american tax dollars to get shokin, the prosecutor, fired. who was applying the pressure. and, oh, by the way, liz, that last fact totally comports with the comfortable human source told the fbi, and the fbi recorded in the 1023 form. so that's pretty compelling. and now we're going to let that statute of limitations expiresome many because that's the one charge that leads to the white house, that leads to joe biden. it's okay to charge on the gun charge, that's only hunter biden. but not on burisma, not on those a tax years. elizabeth: and to what chairman jordan is saying, congressman fry, if it was the, you know, if service the any other president, right -- it was any other president, right, who was accused of major bribery allegations, this -- it wouldn't be treated as conspiracy theory, right, by the media. that's what msnbc and cnn is talking about. and now a.g. garland can't recall if he talked to anyone at the fbi or headquarters about

the hunter biden investigation? it reminds me of fbi director comer saying hundreds of times he can't recall. they really is have that slip of memory there? >> i just don't understand how you can run an entire department of our united states government and just conveniently leave off, i don't know, the most bombshell story to hit your department. i think it's just absurd that he doesn't know these things and doesn't remember. and i think people just see true it. i think -- through it. what they don't answer when they dance around questions, people see it for what it is and what we know are the facts. they have done everything they can to delay this case, to let the statute of limitations expire. you look at the conduct of some of the attorneys in that office, i mean, the sweetheart plea deal of a lifetime, the prosecutors acted more like defense counsel than they did prosecutors. it's just absolutely absurd. elizabeth: so, you know, chair jordan, you sent a letter to special counsel david weiss. is he going to testify october 11th? because these irs whistleblowers say the misconduct by the

higher-ups at doj and the irs should concern all voters. and they're also saying hunter biden suing the irs is -- question the timing. because comes right around the time of the impeachment inquiry. >> yeah. well, mr. weiss has committed, the justice department has committed to come now scheduled for october 11th. we expect him to honor that commitment. now, we do want to talk with a bunch of other folks who are part of this investigation before he gets here. we'll see if the justice department complies with that. but i don't think they can hide behind ongoing investigation, because they committed to providing mr. weiss before he was named special counsel. and, remember, they even said at the plea hearing that the investigation was ongoing. is so they already committed to that. so so i expect them to be there on the 11th. elizabeth: chairman jim jordan, congressman russell fry, thanks for joining us. okay, let's get to this top story today, let's bring in michael faulkender. it's good to see you again.

so the federal reserve hits the pause button on rate hikes. it may raise again possibly by november, that's what the derivatives market is predicting. how much is a rise in oil prices and gas prices a problem a here? because, you know, edward lawrence asked and larry kudlow was all over this, fed chair powell told edward lawrence, he basically downplayed the rise in oil prices. oil prices affect of ,000 -- 6,000 at least everyday products that u.s. consumers use ever day. >> that's right. i mean, oil is used not only to fuel our cars and to the power our homes, but also goes into so many of the products that we consume everywhere. and even things that fossil fuels are not an input into, the energy that's needed to create those products and services is going to come primarily from fossil fuels. so even if you look at our core number, you're still going to have an enormousfect from the increase in oil prices. and with oil hitting $93 a barrel today, the fed's got a lot of work cut out for them.

but that's what happens when at the same time a you've got oil hitting $90-93 a barrel, you've got the biden administration taking back permits for us to do additional oil exploration in anwr. so you're going to leave it entirely to the fed, and the only tool that the fed has is to raise interest rates in order to try to bring down the price impacts that are coming from an inability and an unwillingness of this administration to do manager on the supply side. elizabeth: okay. so now we've got inflation compounded cumulative turned biden above 17% all in. that's more than double under trump. but biden says, quote, donald trump and maga republicans are destroying american democracy. and look at this, michael. politico is reporting biden's team is watching congress steam toward a government shutdown, quote, confident the politics will play out their way. is so they're trying to score or political points over a government shutdown? >> if you look at why we've had this inflation, liz, it's entirely because of the out of

control spending that we're getting out of washington. and so the idea that somehow house republicans are at fault when they say the spending has got to stop, we have got to get control over this budget, on our current trajectory we're looking by the end of this decade to spend more on debt service than we are on the entire pentagon. what does that tell you about the priorities of this administration when it comes to getting our debt under control? so house republicans are rightly saying we need to band together and get strong steps taken to stop a lot of this spending, and i encourage republicans to rally around the speaker and yen rate a package that they can put over to the senate that says we're going to put fiscal stewardship at the top of our list in order to bring with inflation under control. elizabeth: got it. michael faulkender, it's good to see you. >> great to be with you, liz. elizabeth e elizabeth we've got a jam-packed, hot show for you tonight. former top doj official francey hakes, former economic adviser to president trump, he is steve moore, and outkick host charlie

arnold. aoc gets fact checked in a big way on her false claim about climate change. it's a far-left fault hood that's -- falsehood that's been misleading america for a long time. plus, watch out for this rhetoric, billionaire george soros is funding president biden's, quote, tiktok army to heap praise on biden and bash conservatives. the details coming up on "the evening edit." ♪ ♪ ♪ explore endless design possibilities. to find your personal style.

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elizabeth: okay, our very own kelly o'grady has a stunning new report. billionaire george soros funding a network of gen-z tiktokers to praise if biden and bash conservatives. kelly o'grady's live in los angeles with the story. kelly. >> reporter: it's great to see you, liz. that's right, you follow the money, and none other than democratic donor and billionaire george soroses is reportedly funding tiktok theres now. there's this new york post report that says soros' open society foundation donated $5.5 million to a nonprofit called accelerate action, and they then in turn gave at least $300,000 to a group called gen-z for change. they use tiktok primarily to promote a number of lib al

causes, and it's everything from defunding the police and ending cash bail to banning voter id laws and aboll abolishing i.c.e. altogether w. a network of about 500 inus nuancers, their accounts are littered with far-left talking points. here's an example of a video encouraging gen-zers to go out and vote. >> have you listened to town dream -- teenage dream? they have me thinking that my teenage dream is to vote. do it. do it. do it! >> reporter: now, this has long been a campaign strategy of the president. he's often looked to use an a army of influencers, if you will, to sell his policy agenda. and gen-z for change specifically has worked very closely with the biden administration in the past. and even the white house logs reveal that their leader had a meeting with the president in may. now, it's no surprise, liz, that courting support on tiktok is a

priority for the president, but i do find it strange given the administration has called for the platform to be sold or risk to be banned -- elizabeth: yeah, banned in the u.s. kelly o'gradyty, interesting stuff. thank you so much. let's bring in a terrific writer and columnist at the messenger, joe concha. it's good to see you. did you see this pew research survey saying 2 in 3 say they are exhausted about congress and d.c. and biden white house politics. they say politics are divisive and corrupt, and this is widely shared, this view, among older and young americans, white, black, hispanic, asian adults. everybody's saying the same thing. >> it's just remarkable that we're at this point now where basically nothing is trusted, liz, except for if you look at a gallup, the mill their -- military, small businesses, doctors and police. everybody else is down in the 30s or the 20s. it's dropping across the board. i'll give you some numbers, all

right? you have trust in banks, 33%. in public schools, 32 percent. organized labor, 28%. trust in newspapers, 21%. and finally, trust in congress just 12%. gas station sushi, liz, polls higher than congress at this point. [laughter] elizabeth: i've actually tried that. no, i haven't, i'm just kidding. >> i hope not. elizabeth: i wouldn't be sitting here, wouldn't be alive. you know the other thing too, americans, they keep saying stop the divisiveness. the white house has been betting on its rose garden strategy, biden attacking maga-nomics, but remember, president biden vowed to run on unity. he's out to heal. watch. >> now it's time to turn the page as we've done throughout our history to unite, to heal. maga republicans in the congress are trying to undo the progress we've made to make it -- you know, look -- the republican party today is dominated, driven and intimidate by donald trump

and the maga republicans. and that is a threat to this country. elizabeth: you know what? we've got really off the wall reporting happening now just before on msnbc talking about, you know, a fascism movement in the united states. i don't think they have any true and historical understanding what true fascism is. and then you've got axios reporting the biden white house is warning democrats, hey, stop talking about biden being too old, his record lower 39% average approach. -- approval. they believe biden's going to get reelect based on abortion and trump and a resilient, good economy. what do you think? >> i think 7 in 10 americans disagree with that assessment. they say the economy is going in the wrong direction and it will get worse. on the economy, which is always the number one topic, number one issue, they are losing on that front. they're losing on crime. we see it, liz, from missouri to san francisco, chicago -- new york to san francisco, chicago,

democrats are responsible whether you're talking about the mayorses or attorney generals that are not enforcing the law. we talk about the border and immigration, a very, very high priority topic for, obviously, voters of all stripes -- elizabeth: yeah, joe -- >> republican, independent, democrat, doesn't matter. elizabeth: they don't like the lawlessness, they don't feel safe. bill melugin, fox news, you're going to see a video coming in, thousands of illegal immigrants again at eagle pass, texas, trying to cross illegally. that mexico cargo train with hundreds of migrants was stop nearly 150 miles from eagle pass. but now they're being told to go to the ports of entry, they refuse to go to the ports of entry. they continue to come in by the thousands across illegally are. and, you know, the other story too, joe, i want you to the talk about this, washington post reports in five high quality polls trump, trump is averaging 20% of black voters, 42% of hispanic, latino voters, no gop

presidential candidate in the past 50 years has approached the levels trump is now reaching in the back and hispanic vote. >> so let's connect that dot, elizabeth, what we were just talking about. do people feel safe in their communities in urban environments, for example? they do not. maybe that's what's driving the black vote, the minority vote, hispanics over to trump. or the immigration issue where so many jobs are now being taken away from those who are here in this country legally or see what's going on in new york city where the migrant crisis has now overreturn to the point where the democratic mayor is saying this will destroy the city. when you impact people lease lives directly -- people's lives, you're a parent, a husband or somebody who just wants to get to work safely and feel safe in their communities and they don't feel that anymore. so the biden administration can spin it all they want, this is a feel election, and people feel how bad this economy is, how high inflation is, how high gas prices are, how bad crime and

immigration are. when they feel those things, suddenly party loyalty goes out the window. elizabeth: interesting. joe concha, great analysis, sir. thanks for coming in. >> my pleasure, thank you. elizabeth: a great writer, joe concha. okay, we've got planes and trains and pete buttigieg. the transportation chief grilled on capitol hill today for being way behind on travel nightmares hitting americans. and we are digging in to vice president harris fear mongering without citing any evidence or proof that millennials and young americans do not want to have kids or even buy houses or homes because of, quote, climate anxiety. still focused on her love of venn diagrams though. it's coming up on "the evening edit." >> remember venn diagrams, those three circles? venn diagram, venn diagram, venn diagram -- i love venn die drams. [laughter] you know, the circles, right?

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elizabeth: look who's here, former federal prosecutor fran city headaches. -- francey hakes. we love how real and honest and straightforward you are. so this story's coming up. now even the energy department, the energy department is circumventing, going around both congress, the the senate and the white house, promoting this energy department official. the the senate did not confirm him, the white house withdrew his name from consideration. it's -- he's now overseeing the energy department's crackdown on refrigerators, disturb workers,on, you name it, air-conditionsers. even joe manchin opposed him. what do you think of this end run? >> well, i think it's unconstitutional, and i think it's the fault of congress. it's the fault of both parties who apparently don't want to do their actual jobs and legislate and make decisions that affect our lives. instead, they leave it to these

unelected bureaucrats that i'd like to refer to as the fourth branch of government. and this guy's just the latest example. he's going to go out there telling -- i'm a huge baker, so he's going to tell me i can't bake anymore on my gas stove. i'd like to quote charlton heston and say he can take my gas toe out of my cold, dead hands -- [laughter] seems a little weird. but both parties have let this get out of control, and now at least the republicans are trying to rely on the supreme court to rein in the administrative state. they did it recently in a case about the epa regulating emissions. i say, congress, man up. do your job and rein in the fourth branch of government. elizabeth: you know, francey, if you bake me a cherry pie for thanksgiving, try taking that out of my cold, dead hands -- [laughter] >> it's one of my specialties, liz. elizabeth: love cherry pie, and apple. we want your reaction to there's a lot of climate change regulations coming down to the

u.s. economy. vice president harris claimed that younger americans are now questioning whether they should have kids or even buy a home not because of inflation or the high cost of living, because of, quote, climate anxiety. watch this. >> i've heard young leaders talk with me about a term they've coined called climate anxiety. right? which is fear of the future and the unknown of whether it makes sense for you to even think about having children, whether it makes sense for you to think about aspiring the buy a home. elizabeth: why even go out of the house in your reaction, francey. >> well, i don't understand what this climate anxiety is really, but i'm not going to listen to kamala harris telling me what i should be anxious about. what i'm anxious about is the crime rate around this country and inflation and other things that are the concern of normal, everyday americans. i don't know who it is that feels climate anxiety, but those snowflakes need to take a look

outside their house and see that what they need to be paying attention to are things like what policies politicians are putting into place that is putting our national security at risk and causing our crime rate to skyrocket. you can't go outside without worrying about being rape or robbed or carjacked. that is anxiety-inducing, not some vague climate nonsense. elizabeth: you're going to see congresswoman alexandria ocasio-cortez. she gets fact-checked in realtime at a hearing for her own climate disinformation. watch. >> just wanted to the start off by correcting something that the ranking member said in her opening statement. she claimed that oil and gas production on federal lands is responsible for about a quarter million of greenhouse gas emissions. that's a complete falsehood. that's based on a misreading of a usgs study of greenhouse gas emissions, and if you actually

look at the numbers, it accounts for .6%, not nearly a quarter. so even the interior department stopped using that number after i simply point out the numbers from the usgs report. elizabeth: whoa. that was the president of the western energy alliance. that's a big fact check there. we keep hearing that kind of rhetoric over and over again, francey. >> aoc and her ilk don't seem to let facts get in the way of statements, and good for that witness for making that important correction. elizabeth: all right. prann city headaches, we love having you on the show. okay, this big surprise coming up. you may not have seen this, but biden's massive climate spending and the so-called oxymoronic inflation reduction act, it's got a big, hidden, gigantic tax. it could double prescription drug prices for senior citizens. this story's coming up. also common sense magazine's chris bed bedford is here.

we've got transportation secretary pete buttigieg already hedging his reputational risk. he's got new caveats about travel nightmares that could continue from the summer through the holidays. it's coming up on "the evening edit." ♪ ♪

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elizabeth: okay, transportation secretary pete buttigieg grilled on capitol hill today about a long summer full of harrowing travel nightmares for, you know, people around the nation. is it going to extend to the holidays. we've got fox news senior congressional correspondent chad pergram on capitol hill with the

story. chad, good to see you. >> reporter: transportation secretary pete buttigieg told lawmakers that flight cancellations are lower now than they were before the pandemic in 2019. he says the cancellation rate is now 1.6% of all flights. but lawmakers peppered the secretary with questions about the nation's capacity to handle the flying public. >> we know we have a pilot shortage. i fly a around a lot, canceled, canceled. do you believe at a certain age this arbitrary age of 65, do you think that's fair, that's right? >> yes. >> you do? >> reporter: but buttigieg warned that a government shutdown could harm aviation and tourism. >> one of the reasons why we view the cancellations and disruptions last year as unacceptable, and that's why we're pleased to see the numbers getting better, but we estimate there are 3,000 plus more people we need qualified than we have today. a government shutdown would stop that training. even a shutdown lasting a few

weeks could is set us back by months or more because of how complex that training is. >> reporter: buttigieg also made the case for electric cars. he says that the u.s. fails to manufacture evs, china will. >> so is your position that we're going to lose all these jobs, that's what has to happen or china's going to build all these vehicles? >> one of the reasons we've seen manufacturing jobs grow e so much in the administration compared to the recession under the last administration is that we're investing in american manufacturing -- >> you're investing with our money in things that we don't want. >> reporter: gop members criticized buttigieg for tackling social issues and environmental policy at his department and not focusing on reasons the. back to you. elizabeth: chad pergram, thank you so much. joining us now for his take, common sense executive editor chris bedford. okay, chris, this administration doesn't even think twice about

lying and misleading to the american people. and that's a rough word to use. we don't usually use that word lying on "the evening edit." but when we hear rhetoric come out, chris, with we have to push back on it. because if if bureau of labor of statistics, trump created 510,000 manufacturing jobs. biden createsed only 200,000 manufacturing jobs. it's estimated the car industry could lose # # 17,000 jobs in biden's electric car push. is so when you hear pete buttigieg and officials talk like this, what's's your reaction? >> actually about as angry as yours is, i this i -- i think. this administration has lie about its economic numbers, exactly to your point. a lot of politicians rust the truth. all administrations -- stretch the truth. all administrations refuse to take credit for things that really are their fault. this administration has been willing to just basically

bald-faced lie. they're claiming that the economy is good, they're claiming that inflation is going down. now, of course, the way they call inflation going down is that the percentage that is rising is maybe not as high as the month before. but the american people are actually looking at the way their economy's working, looking at their pocketbooks, their grocery bills, their gas brill bills. they are absolutely feeling it. but because of so many complicit friends in the media, a lot of stuff gets spread, and folks are left a little confused. elizabeth: you know, let's watch, to what you're saying, california governor gavin newsom. watch him defend president biden, and then watch florida governor ron desantis'. he wants to get the u.s. to $2 gas. watch this. >> i couldn't imagine three years ago that this president could accomplish so much in such a short period of time. i want a guy who produces results, and the results are in. it's been a master class. >> people are hurting, and his policies are driving your grocery bills to be more

expensive, your gas is going up. my vision is open up energy, let's be energy dominant, and let's get back to $2 a gallon gas. elizabeth: okay, what gavin newsom didn't say is that oil prices have doubled under biden and that gas is up about 52% under biden. he can't drain the strategic reserves any more, they're at more than a 40-year low. so what's with governor new. >> saying this is a master class from bide when americans, 7 out of 101 -- quick by yak, emerson, ap north, they say, 7 out of 10 say the u.s. is on the wrong track. >> gavin newsom finally got the memo, and that's if you want a future in the democratic party as a young man with a lot of accomplishments, relatively, you need to support joe biden's ticket and not challenge him with a primary like he was itching to do early on. so he's willing to say that, but he's governing a state that's in freefall, and it's become a leader for what the democratic

party is trying to do around the rest of the country with their federal policies. energy in america is simple. it's become far too partisan. open it up. manufacture it here. lower energy prices. employ americans. but there's a wave of the democratic party that wants to stop that, and it's destructive. elizabeth: elizabeth: got it. chris bedford, thanks for joining us. >> thank you. elizabeth: more republicans, dozens of them, are saying, senator schumer? stop it. you've got to revoke your change to the senate's dress code. hoodie-wearing john fetterman needs to grow up and put on a suit. plus we've got former economic adviser to president trump steve moore. we've got more on that hidden tax in biden's spending bill. it could -- it will double prescription drug costs. senior citizens live on a fixed million, they need to hear this story -- income, they need to the hear this story. i want to know what's coming up on "the bottom line." sean: hey, ex--mac. we're going to talk about

merrick garland tap dancing on the hill today, getting all teary-eyed when he was called out for the fbi targeting of catholics. scott perry on that, congressman from pennsylvania, as well as douglas murray. he's a britain -- he's a british dude himself, set to talk about the rollbacks in britain on climate pledges. all the while, the u.s. cozying up to china, crazy. dagen: i'm moving, because britain is suddenly getting it right. of course, it's the conservatives. we have clay travis on the decline of the american family and dana loesch on an l.a. times writer saying that california should tax guns. so what does that do? it takes guns out of the hands of lower income people. so they can't afford to defend themselves, but the rich can. top of the hour. ♪ ♪

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sinister is that biden's running around the country, as you know, liz, talking about how he's lowering drug prices. at the same time there are these taxes that are going to make it more expensive. and, by the way, when you impose higher taxes on drug companies and drug consumers, that makes it more ebbs expensive. and it also reduces the amount of innovation that's going on in this industry. let's elizabeth okay, let's talk about it. let's break it down. >> yeah. elizabeth: the tax, the excise tax is this, if drugmakers refuse to accept the price controls -- >> that's right. elizabeth: -- on those 10 medicare drugs, the drugmakers must charge a 95, a 95% excise tax on all those drugs or pull owl -- all of those drugs from the medicare and medicaid markets. these are important drugs for cancer, diabetes, heart failure, blood clots, arthritis. >> you better believe it. elizabeth: is there any way this tax -- i mean, this is terrible for seniors on a fixed income.

it's unfair and it's the wrong. could this hit everyone who buys these drugs, not just seniors? >> exact -- that's the point i was going to make. yeah, seniors are going to be especially burdened on this if they are medicare recipients which most seniors are. but the other point is for some reason the biden administration seems to think that our pharmaceutical industry is some kind of sinister industry or villain industry that we have to tax and punish. and these are industries that save millions of lives. if we want to the race for the cure, win the race for the cure of all these terrible diseases which are in our grasp, i'm more worried about what this is going to do to the innovation in america to bring those new drugs to market. and the drug companies are saying, look, it costs a billion dollars to bring a new drug to the market. if you're going to tax them out of existence and they can't make a profit, everybody loses. elizabeth: you know, that's

exactly right. so the statute also mandates that the government hit 60 drugs, 5 dozen drugs, with this 9 # 5% drug tax i think by 20 the 29. i think we just lost the feed. we're having trouble with steve's feed. but if steve can hear me, so 5 dozen drugs in a few years are going to be hit with this excise tax? >> yeah. i thought they were going to be lowering drug prices. [laughter] elizabeth: right. >> how do you lower -- if you tax something, you get less of it. so it's the not going to work. let's let this industry thrive. elizabeth: got it. steve moore, we'll have you back on soon. it's good to see you, my friend. >> thanks, liz. liz: coming up, from outkick, we've got charlie arnold. it looks terrific, you don't need to fix it. we've got dozens of republican senators telling senator john fetterman, grow up, stop wearing hoodies and gym shorts. respect the american people, respect the senate. but john fetterman is daring the

house, saying he'll put on a suit if they avoid a government shutdown. no. put your big boy pants on. the story coming up. >> -- the right side seems to be losing their minds over it. like, ah, dogs and cats are living together, you know? living together, you know? the world's spinning off its axis. ♪e's big tea drinker? yeah. there's a podcast about tea. he knows and he wants you to know too. i was listening to a podcast on if dogs know they're dogs there's a podcast about that? just like he'd want you to know about allstate. there's a podcast about fly fishing... ...called why is that person doing that? ...it's called tea-rrific. are you listening to a podcast? yeah, it's about multitasking. some people just know there's a podcast about that. those are the people who know you're in good hands with allstate.

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let's welcome host charly arnolt, your terrific, we left having you on the shelf.

this news coming in, 46 senators say senator chuck schumer, cut it out, bring back the senate's dress code he got rid of democrat senator john fetterman wearing sweatshirts and hoodies and gingers to work. senator rick scott, would you think it's time to show respect to american voters, time to dress like a grown? which mcconnell says dress up to go to work, it's about respect of the senate, respect for america and voters, what do you think? >> voters deserve to get more specs than they see across the board but it comes as no surprise the fact that the senate would do away with their dress code. we've seen so many standards of etiquette go by the wayside because of the democrats in charge and when you look at john fetterman, a perfect representation of who he is as a person, a politician, he's lazy,

incompetent, let's not forget he constantly railed against elites yet he was mnuchin off his parents until he was 50 having them support him and he did his campaign from his couch. it's interesting because he look at john fetterman and you think, why does he dress like this? he looks like a slob because as an elitist in his mind he thinks this is how middle america dresses so i would like to dress like this to relate to them but it can be further from the truth and the saddest part is the senate has his back and they clearly have no qualms about degradation decorum and standards to mix country. we knew by their actions we know it also by their attire. >> center fetterman now says -- i can't say the word, it's not nice to say on tv, if those blanks and the house shut our government down in support ukraine, i will wear a suit on

the senate floor. when he was running for senate, he said yes, i will abide by the dress code so why is he throwing that out the door? >> if that's what it will take to put on a suit, i hope to see him in jim's source the rest of my life among us the last direction i want our country to go in. john fetterman represents all that's wrong with our democracy right now. sad excuse for a politician. >> why did senator schumer change the dress code for one person? >> i can't put my finger on the exact reason but i think it's a way to degradation society. there are so many things we've seen push to the side, the way our children are treated, there's no etiquette anymore, we see so much crazy all over the

world at all times and you look at other countries, think how we are viewed on an international stage. people are looking at us like what is going on in the white house? now they see people walking into the senate building with gym shorts and hoodies on. we have to be the laughing stock of the universe. >> thank you. come back soon, love having you on. today and tomorrow night, how show for "the evening edit". new hampshire governor, james, for arkansas governor mike huckabee and much more, i'm elizabeth macdonald, thank you for watching "the evening edit" on foxbusiness. time for the bottom line, megan and sean. >> thank you. ♪ 's. >> i'm dagen