>> hello, folks. welcome to kudlow, i 'm larry kudlow. we fear and loathing on campaign trail, that is what it's like trying to figure out kamala harris policy agenda, kellyanne c

conway on that but first up edward lawrence in the line of fire. reporter: we're getting policy in dribs and drabs, vice president said she will focus on tax detu deduction for start up businesses, plan that republicans had 6 years ago, vice president is adopting some of that, increasing deduction for start up from 5,000 to 50 thousand. this is a nod to fact that it is more expensive to start a business, vice president wants to cut red tape for occupational licenses, to expand across states lines, head of rnc is skeptical. >> really my biggest concern is the fact that everything that she will bring as a democrat, in voting for the policies, we talk about over regulation, dairy farms are

one of most highly regulated industries. inflation has been a big issue. and that has been a challenge for farmers. reporter: that is david trimmer, a farmer here, he said that damage has been done from this administration. a nonpartisan tax foundation believes that cost of this to taxpayers would be 20 billion over 10 years, but tax foundation senior policy analyst said you have to look at this in total, adding that tax cut for small businesses with taxes would be wiped out with other proposals that vice president wants like raising corporate tax rates and biden-harris administration added over 850 rules costs businesses 1.4 trillion to deal with and added 267 hours in paperwork. "wall street journal" saying that vice president is

discussing backing off the top level capital gains, to put it originally at 28%, she is talking about backing off that tax, changes to policies, we still on her web site, do not have the actual policy statement, i went just minutes ago, the tab is not there that shows what she believes in. larry: you can't keep up, you just cannot,gion none of us can. that all there is to it thank you. >> thank you. larry: so, why choose the imitation when you can vote for the real thing? that is the subject of the riff. there she goes. again. kamala has thrown 2 new flip-flops at us in tw 24 hours, bad polls, causing flip flop panic among team kamala. with no convention bounce, even where national polls show them even or maybe

shine a points, -- she is up a points, she should be up 4 or 5, mr. trump under polls. former president has best national swing state polls he has ever had. this stage of game he is beating past performances from 2016, and 2020, more on this but, as far as policy flip flop, one of them her support for small business tax break that edward lawrence reported house republicans passed and then president trump supported, 6 years ago in 2018. back hope to then it was $20 thousand, democrats opposed if. they have attacked these kinds of tax breaks but now kamala decided to adopt trump republican proposal and raise the deduct deduction to 50 thousand. like tax free tips. then, "wall street journal"

story, kamala harris proposing a less drastic increase in the top capital gains tax rate, what does that mean? less? her cam gains tax 33.5%. by wait is compared to current rate of 23.8%. now, 33.5% would be highest capital gains t tack rate in over -- tax rate in over 40 years, instead of keeping 76 cents on the extra dollar earned, you would keep 66 1/2. think about that. in terms of what you keep, that would be a 13% hike in capital gains tax. all right. you know, if you cut the capital gains tax, just cut it, or index it for inflation, you would boost investment in revenues, that would shoot up sky-high but not kamala harris.

study after study shows any time you raise cap gains tax revenues fall. remember bill clinton slashes capital gains tax, revenues soared. on the way to a balanced budget. speaking of added tack burden -- tax burden, she may be in for one time deduction in start ups. -- which is what most owners of small companies will pay. and any tax hike on cap gains is huge to owners of successful start ups and remember, her plan would raise estate taxes that are important that entrepreneurs and heirs. and higher corporate tack, that would america america less competitive globally. and she still favors con

fisca torey we'll tax own realize the capital gains now sprinting to center because, internally her people have to be worried about her lousy polls, nate silver probability model as trump 58% favorite. trump up 52% in pay-to-play polly market, and if you just say whole race is a toss up, that means, mr. trump is doing much better his folks don't like to answer nosey phone calls, are low propensity voters and most polls underestimate republican investors samples and trump voter samples. so, i'll bet miss harris is running staired. now, you might say imitation

is sincerest form of flattery, but why i why shchoose imitation when you can vote for real thing, that is my riff, joining us now, your friend kellyanne conway. on "fox nation." kellyanne, i think there is a search flip flop panic because of lousy polling. she should be much further ahead in the lead, she is not. some of these polls are showing trump coming in strong, she did no -- that is why i think this flip plopping is occurring, i don't know any about approxima-- politics, what do you think? >> you know, plenty, american people she can't back away from harris white

house. if the democrats have dumped biden we should took this is the harris economy. this is harris inflation, harris border crisis, she is the incumbent. she flies around on air force 2. she is the vice president, she owns and eats this, her flips, flops, failing and flailings, this is a bad look for any woman in power who is trying to convince you she is up to the job of domestic energy and economic steward and commander in chief to keep changing her mind, who she today. you are right. we saw a little bit in republican primary. that people were not going for trump light if they could have real thing. with kamala, i think she is angering and ale y -- a alienating who want her to be bernie sanders without the charm, larry, in preparation, i went back and looked at good old new york economic club speech from

2016, president trump did the same thing in 2020, he delivered it from rose garden, if you go and look at 2020, all he had accomplished and promising for a second term, he put it to kamala, even though he was not running against her, she said this is difference between us promoting workers, a industry flat on its back, versus punishing workers and outsourcing or jobs and we'll legally overseas to places like china, recalibrating trade deals, i listened to her today in new hampshire, she promises to help small business owners, we have a 31 month roll of lower confidence among small business owners. you can't be a supply side success if you have been a supply chain failure, donald trump is leading her on chief question, who do you trust more to handle the

economy in all of swing states. larry: what do you think he will be with sean hannity, fox town hall in pennsylvania. i think he will probably talk about energy. and you know, he is the guy who is in favor of fracking, no imitation, and how purpose oil and gas is. pennsylvania is a huge oil and gas state, thousands of jobs depend on it i'm thinking that when sean gets him, she will emphasize that. you know, if prow deuce -- produce more oil and gas, pricing fall and inflation. actually the level of prices will fall from hundreds of consumer goods throughout the economy. i have to believe he will make those kinds of points, kellyanne, what do you think? >> he should. and i think part of donald trump's energy independence agenda and success as

president, his performance, is why he is staying competitive in pennsylvania. state that has been streeting for democratic for governor, and senator, i think because they know that trump record on the economy in particular energy you talk about banning fracking as kamala harris has, whether she want to l lie about it, she has, you go to household in pennsylvania saying, i'm taking your livelihood, out of spite, does not seem to be principled. same reasons for killing keystone pipeline jobs on day one, and same reason to pause the lng permits. this is not good with energy, so, they know who is backing fracking, his name is donald trump, they president trump -- i think that president trump can talk about the economy in full, at core about energy, he gave us tax cut and jobs act, and recalibrated trade

teal -- deals, he gave us industry in pennsylvania said i'm for i, hillary said i'm putting coal out of, she has a lot to say in pennsylvania, he is spending a ton of time there we know if donald trump wins pennsylvania, georgia and north carolina, number 45 will be 47. larry: do you know in last one on the new york economy club. i want to see just vanilla tax cuts, regulatory cuts, unlocked fossil fuel spigots, king dollar. protect trade. i want growth. you know. growth polls really well because growth is super important. people want to climb the ladder of success. i want old fashion growth. give me growth. i -- i want him to do growth at economics club of new

york. chipry onis equals growth. >> i believe he will do, that he did it before, at new york economy club we were there in september of 2016, i remember when he promised 40% growth -- 4% growth, president biden said what will we just wave a madg magic wand, no, it policy and principle, it was an o optimistic address, i want a lot of o o optimism. and outsourcing our jobs and -- we're for growth, and prosperity, and opportunity, i think it is a big reason why president trump is tied with kamala harris among hispanics in some polls 20% mof f african-american

men from 12% in 2020. i love what when donald trump is specific and substantive, she is generic, he needs to be gr granular, no time for pab lemm we need policy and specifics. larry: i didn't hear it all but today reports. i am raising the capital gains tax a bit, you should be cutting them, indexing them for inflation, and lowers corporate tax rates, you should be lowering income tax rates, i mean, i don't want just an inkrierincrease, i want reduction, kellyanne conway thank you so much we appreciate it. >> thank you. larry: folks catch here is the deal with kellyanne, now streaming on "fox nation," there you have it. up now next.

ccold-blooded hamas killers we talk with aaron cohen and kash patel about that. text your favorite 9-year-old and she will show you how to drr the show, you will never miss a tax cut. ya know, if you were cashbacking you could earn on everything with just one card. chase freedom unlimited. so, if you're off the racking... ...or crab cracking, you're cashbacking. cashback on flapjacks, baby backs, or tacos at the taco shack. nah, i'm working on my six pack. switch to a king suite- or book a silent retreat. silent retreat? hold up - yeeerp? i can't talk right now, i'm at a silent retreat. cashback on everything freem unlimited with no annual fee. how do you cashback?

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here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine, like google, but it's r and doesn't spy on your searchs and duckduckgo lets you browsel but it blocks cookies and creepy ads that follow youa and other companies.

and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. larry: cold-blooded hamas killers is a warfare issue, not a lawfare issue. after 6 hostages including one american are killed in coldin cold blood, joining me now aaron cohen and kash patel. kash, justice department merrick garland has issued a criminal complaints against hamas. a criminal c complaint, terrific we will take hamas to court, this is not

lawfare or criminal complain or international court. i want to bring down the ham hammer on hamas, it should have been done 10 months ago. this is a unfortunately. this is about warfare. not about lawfare. kash patel, you have been in this boat what do you think. >> i have been on both sides, you are right when your department of justice in u.s. of america is leading change against terrorist organization overseas duc duck -- conducting a world war and executing american hostages cannot have department of the just issue a pretextial indictment, and criminal come bla complaints, you are doing nothing, harris biden regime has deprprioritize

special forcing operation who could in and handle if it we set up the environment, last three years, they have failed across the board, biden-harris administration, you cannot make up with a gap by having department of justice airmail a criminal complaint to world's number one terrorist organization. hamas is funded by iran who got 7 billion from harris and biden. larry: aaron cohen, israel says yes to various of hothostage deals and ceasefires and hamas says no, keeps happening afters horrible news of execution of the 6 hostages, including one american hostage, biden winds up blaming netanyahu

and israel. iz sizeisrael is not the problem, hamas is the problem, backed up by real problem in iran, last night, we talked to brian hook and robert o'brien, brian in particular talking about sending in navy seals, team 6, okay. maybe so. i'm saying we need a hammer not a lawsuit, aaron cohen. >> larry,. [speaking in hebrew] translation, when are we going to start to speak language of middle east, here is where i am biden and harris' restraint of israel and rafah how many more hostages do you think we could have rescued had they not pulled the brakes on israel and sold them out,

hersh goldberg-polin would be alive right now. that forward operating pressure that generates real-time intelligence for units, like the imam, they have a lot of blood on their hands in my opinion, they got political and caved to se anti-semitism pressure, israel has a 90% track record with rescue of hostage. andsabina raid, and israel knows how to handle operations, i agree, seal team 6, delta force, working together, we have the intel we know the areas better than anything, what do you think sinwar will do with that indictment, he will wipe something with it. that is wherism at with that, only i think that hamas understands, we agree, that military pressure, the

fact is, that the reason why israel has been successful up to now, is because they continue with that pressure, but, people who shoot hostages and kill 6 of them, putting bullets in the back of their head, they never wanted a deal. the moment that cameras are not on hamas. larry: there can be no mercy. there is be no mercy. that is my point. >> right. larry: there can be no mercy. what they have done. this is barbaric, they are barbaric people, and kash patel, i love to see navy seals, working with the idf come in rescue the hostages, i don't care with bidens say, i don't think any intelligence person cares about the biden says about this think is and others. you know, kash patel, we have to go iran at some point and bring iran to play, hey they have gotten a

free ride, but for pinpointed attacked by guess who israel. that is it. they have gotten money, they have relaxed sanctions and oil reserves and currency reserves and the rest, this can -- this cannot be adjudicated, a verbal barrage in some courtroom. this is not just be a political issue, kash patel, u.s. of america, is a great country. israel is a great country, and our ally, something has to be done about the cold-blooded murderers just as something should have been done more about october 7 cold blooded murders, almost a year ago. >> you are right, and here is the thing, let me remind world urge trump administration we rescued 54 hostages and detainees from the world, more than any president combined, we did that because president trump prioritized taking out

terrorists like iran, he did not shy away from them, and bind knee and give them money, problem we're in now, is that joe biden and kamala harris have created 4 years of terrible national security policies, that have aallowed iran to arm them systems and have cyber offense of operations a iran in my opinion a nuclear bomb, we need to do to take them off of battlefield to use our covert and overt menu option in intellgence and offense of operations, but it can't be sit up overnight, we will not just win it day after election it will take time to combat, i hope real world wakes up to fact when i mail in politicize dip crease and operations of war for front page cover ad, this is what happens. the terrorists win, they kill h hostages and threats ep or way of life they get rich off american text mares dollars --

taxpayer dollars. larry: you are wonderful, we're out of time. there is now formally a trump transition committee, and a my hope that committee is planning immediate action along lines of both of you have advocated today, this is a transition issue, not to wait until -- let them plan it lets them get ready for it and maybe you know, heaven forbid leak it out, so that iran knows something is coming, that is different than the white washing they have been getting for last 4 years kash patel and aaron cohen thank you. >> coming up different subject, mr. former president trump at new york economic club. tomorrow, you know what else, investorring story elon musk is -- interesting story, elon musk getting ready to help trump train the swamp, i love it kevin hassett and steve moore will be here when kudlow

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larry: president trump at new york economic club, we bring in kevin hassett steve moore, host of moore money. kevin hassett, are we getting a growthier speech. we need a climb the ladder of success, i can act afford homes. >> i think one thing that is difficult about this time there so much negative tie in press and media, president trump's goal tomorrow to have a super positive agenda that motivates people to be optimistic about future of the country again. i am very excited about this speech tomorrow, he will layout a larry kudlowesque growthy agenda with tax cuts, and reduce government

spending and deregulation and trade policy, so we'll hear from him the specific details of what he wants to did if elected again. and we contrast it with vice president harris who we don't know what she is supporting and not, there are leaking policies from her campaign but she is not embracing them herself or putting them on her web site, president trump will have a sharp contrast with his optimism and specifics. larry: steve moore, kamala tries to copycat. you can't. >> she could do worse. larry: go for the real thing. not flip-flopping. i think it the be a very growthy speech. steve moore, if there is one thing you would like to see and hear in the speech, what would it be. >> i want to aspire to get back to you want reagan and

jfk rates of economy growth 3.5 to 4%, if you do that so many of the problems go away, they do, bring down debt you grow the economy 4%, you want real wages to grow, you get that high growth rate. so, that really is center, and it is a great way to contrast himself with kamala harris because, i would listen to what she has been saying for last 4 weeks, he does not say a lot, you can correct me, i don't think she has used word growth. larry: never. >> that is alien to her it is about redistribution and punishing greed and you know, profits are too high, prices are too high, they are. i think, i would like him to just go down the list of things he a comp plished. you know, your buddy and mine art laffer and i have a book coming out, trump economic miracle, you and kevin and donald trump and so many others did, can was

a miracle with one of the -- trump would say one of the best economic recoveries ever. and i want him to remind people. larry: i think so important you are right. if you get yourself 3 plus growth, instead of this 1.8. >> right. larry: you get back to 3 plus, we did over -- 70 years after world war ii, you know. growth creates opportunities. growth for example de dissolved deficits and debt. if you grow the economy you don't need to borrow and don't need welfare payments people dean want them because they have good jobs. one other point, kevin hassett, should mr. trump stay with trade policy of reciprocity or do you think he will stay with this

baseline tariff. kamala harris is coming after him on static estimates what a baseline tariff might cost american consumers. i am a reciprocity fan, if japan cuts tariffs we'll cut them or if china raises tariffs then we have to raise tariffs, which is the better policy? >> well president has advocated both. he really believes in reciprocity, that is something you and i talked about. and you asked steve the one thing you hope about tomorrow, i want to say is remind people that what president did when we were talking about tax cuts and jobs act, i showed him estimates it would do to gdp, he said people don't care, what will to do for american worker, president will be focused on american worker that involves trade policy, at least reciprocity and be you know getting blew

get bl blue collar people with wage increases. larry: steve moore, speaks of friendly countries, japan a great ally, why shouldn't nippon steel be able to buy u.s. steel, u.s. steel has been on decline since carnegie left, is is time to save it with nippon steel? >> it is. i think unfortunately, this is for one thing that kamala harris and donald trump agree on. they are wrong on this. this is a deal that will save a lot of steel jobs, japan is an ally, and if we don't do this, it is clear what will happen. we'll be playing right to hands of chinese who dominate about 50% of world steel market, this is good for american workers, for foreign investment in united

states is good, did you a tax cut the money plowed into the united states, they are wrong on this it say good one, and i do like you asked me today, what do you think about elon musk's idea of a grace commission against government waste, i love that idea, you remember in reagan years they came up with 400 billion of waste in budget, that was when budget was one-fifth as big as it is. that is a great way to drain the swamp. larry: kevin hassett, steve referring to peter grace, a famous businessman. the grace commission ur under reagan he brought in hundreds of business people they went through federal bureaucracy anding fors and came up with hundreds of billions of savings. elon musk, i don't know if he wants to chair the commission or just be a

part. it is interesting. i hope it something this mr. trump puts in his speech. >> it will be in his speech. elon musk is one of most re remarkable human being in human history you know about starlink and tesla and spacic, he takes problem and he solves them, you look at how donald trump got his start, with fixing an ice skating rink in central park, his career has been finding problems and solving them, that is why voters rallies around him in 2016, i think that elon musk partnership will be motivating. larry: just think you could have an administration with business people involved. oh, my goodness. i have to jump. thank you very much. kevin hassett and steve moore. switching gears mark simone

and joe concha. author of pro grossively worse. and so joe, the cnn interview vague, and i could go on, is that a harbinger of the debate? >> it 8 will be ways, kamala harris she spoke to danah bash for 16 minutes. it was mostly cond can't call is softball it was t-ball with a beach ball on the tee, she could not answer basic questions, what will you do on day one? and she lied, she said 4 years ago on debate stage in 2020 she said she was for fracking, there is no transcript of that, she almost seems like a sophomore trying to get to a minimum time limit in doing an oral book report, let me

say enough things to get 3 it not even on liberal -- >> look as the watch, 2 minutes a little more. larry: mark will what she do on day one. >> i think donald trump should bet her bring tim walz to the debate. >> a parent teach teacher conference. larry: did you see picture of all tim walz a relatives saying i love trump. >> 8 family members of tim walz. larry: they love trump. >> i think a commercial with trump t-shirts. so,. larry: what will see do on day one, did you say something. >> we know on day one 3 1/2 years ago. we could check. >> they banned fracking she is joe biden on federal lands that is what they did. larry: they banned frack -- they also killed excel pipeline and came fast. >> keystone. >> beg your pardon. >> that is -- pocket fool. >> i hear that anticipated

15 questions they have composeed answers she is going to m memorize this. larry: have they given the questions out. >> donna brazile is there she memorized long answers, if you recite from memory it never works. larry: did you see movie "reagan." >> everyone should see it. >> excellent. >> got a big budget hollywood movie, they would never touch it but well done, important film. >> historically accurate. >> and it was -- for those who are younger, reagan early days they trying to find communist get them out of government, now the other way around, if you are not a communist you knowtioned. >> there was a big piece of that movie. this is from paul's book, reagan purging screen actor wguild of communist.

>> people forget he rap ran the actor's gold, a union guy. larry: he through the communist out of the union. i think people should see the movie. because they need to see what can be done, what strength and what a crusader can do, someone of conviction, not wallowing in marsh lands of the swamp. >> i have not seen it i look for it on streaming i'm in that mind set. larry: the evening show. >> i think i might. larry: in new jersey. >> it and i heard. >> purpose thing in film shows how their values are shaped from their life. not from consultants or focus groups ebut real values come from middle of america the way he grew up. larry: and he boosted the economy yelled add david stockman for raising taxes,

he defeated soviet communism in two hours. >> hell of a job, people should see the movie that's correct 23er get w. >> start of movie is d dennis quaid, i spoke to him in milwaukee, i said, what is your favorite role all-time, i thought right stuff. great balls of fire, no, it was "reagan" was by far my favorite role to play, i wanted to show people the person who was reagan not persona everyone that saw, this was a very private complex man that not many people knew well, you worked for him. larry: i did, i did, jon voight, costarring. fascinating role, joe concha and mark simone thank you. >> coming up, a top aide to two new york gov e governors cuomo and hockey hochul is now buying

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larry: a great story, top aide to new york governors cuomo and hochul, a chinese spy, she got busted after doing it after a dozen years, joining us now peter schweizer, just when you think stuff can't get worse it gets worse, she was not registered as a foreign age agent, that made me think of hunter biden, i defer to you. >> pretty amazing story. she was deputy chief of staff to governor hochul of new york, before that deputy chief for diversity for cuomo. she did a bunch of favors for the chinese according to the indictment, she got chinese officials access to private new york state government phone calls discussing how they were dealing with covid-19. she changed statement to make them more pro-chinese, she falsified or listed the

chinese official were coming as guests of state of new york, so they could get visas to travel to united states, she got millions of dollars, a 4 million dollar house on long island, two million dollar condo in hawaii, and bought a 2024 ferrari, a clear cut case. elite capture chinese strategy of getting high level people like biden family people that work for high ranking officials on chinese payroll. larry: the chinese are relentless. they will do anything, go anywhere, you think you are safe in albany, new york,ure wrong. you are not. the question now is what other governors, other state houses, what other senate and house staff members peter schweizer? >> yeah, look, part of their strategy, explicit about it to exploit sub national relationships. going to governors to state

houses, power just does not reside in washington, d.c. certainly there is a lot of interesting things about governor tim walz of minnesota. no transference of funds but has a lot of ra relationships with so-called united front groups, more a fellow traveler, this is the chinese strategy. they used to against trump, oone of the ways they try town mine trump to get state and local elected officials to criticize and undermine his strong positions on china. >> hunter biden, dealing with c chinese investors never registered, lord knows. we'll cover did another segment. peter schweizer thank you, issu appreciate it. >> we'll be right back with my last word.

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larry: that's it for kudlow, thanks for watching, folks. - [announcer] presidential campaigning. - [narrator] it's election day in 1960 and senator john f. kennedy is running for president. his father joe has raised and provided the millions in funding needed for the campaign while his brother bobby works diligently along his side. despite being irish catholic, a young 43 years old and hiding an illness,