it'll unlock the 33 trillion of homeowner equity and benefits home depot and costco and rates come down, relief as well as mortgage and helock prices. liz: thank you for joining us, robert. >> great to be here. liz: the third straight record close for the blue chips and s&p 500 closing at all time heim. tomorrow, the financials did really well. we were watching over the past several months and we've got former tv ameritrade ceo joe at a game and how they'll do in dropping rates and that's it for us. kudlow is next. larry: hello, folks. welcome to kudlow.

i'm larry kudlow. kamala harris tax hikes would kill 800,000 jobs and donald trump's tax cuts would create over a million jobs and senator mike crepo says most of the trump tax cuts won't increase the deficit. at all. we've got art laffer, congressman byron donalds on that and grady trimble live in washington. what do you got? >> details are slim for the harris campaign on economic policy announcement we're expecting her to make later this week. >> it's about what we can do more to invest in the ambitions of the american people while addressing the challenges they face and whether it be the high price of groceries or did i have cull any being able to airier home ownership because they're

not on the policy. >> not a lot of substantive policy outline and maybe we'll get more speaking in pittsburgh on wednesday. the economy as you know, larry, the number one issue for voters but vice president harris' campaign is dodging the same question harris herself failed to give a yes or no answer to at the debate two weeks ago. >> does she think americans are better off now or not? >> she talked pretty openly about the mess we inherited when president trump left office and the economy and the crash that happened because of his total mismanagement of covid. >> i'll ask the question again, are americans -- does she think americans are better off now than four years ago? >> well, when people are running for president, they want to see what are you gone do for me? it's not a retrospective question, it's a forward looking question. >> it's also a yes or no question but there was no yes or

no. off the top, larry, tax foundation analysis and says harris' tax plan will cost nearly 800,000 jobs, decrease gdp and reduce wages. on the campaign trail this week, former president trump also talking taxes and he'll be in savannah tomorrow to talk about taxes and buying american made goods. when it comes to tax policy, harris and trump are neck and neck in the latest polling but as you know, trump has a five point lead on the economy, which we talk about all the time is the most important issue to voters. larry: no problem withs donald trump's tax cuts. that's the subject of the riff. now, as we all know, donald trump intends to extend his successful 2017 tax cut bill. perhaps even add to it in trump tax cuts 2.0, but here's a very

important wrinkle on that story. senator mike cray ports of entry -- mike crepo, no deficit from the trump tax cuts and they constitute a current policy baseline that assumes expiring items will always be extended. they used estimates blessed by lawmakers and no fiscal cliff, there was no fiscal cliff tax cut deal at end of 2012. an extension would continue the status quo. he believes only the incremental cost of new tax or spending

ideas would count towards reconciliation budget targets. crapo says "if you look at history, extending tax cut laws has never been offset by congress and pointing to the new year's day 2013 extension of most of the expiring george w. bush tax cuts of 2001 and 2002 -- 3. if it's literally not changing tax policy, i'm just telling you what the precedent of congress said is. the obama administration by the way accepted the current policy principle articulated by mr. crapo and went to scott, my good friend. he told me this story this morning. i'm not referring to the laffer curve because that's the dynamic score and i'm referring to this

legislative issue and the current policy and on deficit. she's priced out $4 trillion in tax hikes and nearly 800,000 job losts and mr. trump cut plans and well over a million. and legislative history and and

it's very, very important and going now and dynamic person and art laffer, former reagan economist and presidential medal recipient and byron donalds and going to keep doing this and going with the book for the trump economic it's a very interesting story and mike crapo and ranking republican and on the finance committee and as you know joint taxes wrong and

history with new policy and going to type the wars to price it out. it's all policies and going for that two trillion for that and what do you make if you heard this argument before and lined up. >> going to hear this pacific argument and senator crapo is correct and if he's extending policy from what's been the last decade, how does that increase deficits? this is part of the bigger lie that is and not economics, media economics and that comes from the democrat party. they've lied to the american people that cuts race and increase deficits inequality and that's a lie. and that's the proof in the pudding and those scores are not

correct and often wrong and congress needs to look at reforming cbo of estimating a process of law because it doesn't meet the reality of processes of what goes into law. it's the very best in the history of the united states and we should be extending and building building upon that and the american economy.

larry: it'll always damage tax cuts and having dynamic scoring and extending current policy and then there's no way that you should be rewriting deficit estimates and revenue losses because it's not even jermaine. george w. bush tax cuts in 2001 and 2003 and this was accepted and accepted by president obama and his crew and there was no fiscal clip and that was the interesting part and not saying the laffer curve won't work, but it's a new wrinkle saying it's going to get the trump tax cuts and it's over with new jobs and

at a minute mall. this is 800,000. what do you think. >> this is even going with baseball and the static numbers you're talking about it and we win and we win. that's byron, your comments were just spectacular and right on it and everything you took and everything i was going to say and going for me. you've got to go perfectly right. it was just terrific. did you hear him carefully, larry. going for that is like pushing buttons and going for that and the dog jumps up and it's just fantastic and that's the i've seen going out there for a long time. i don't think enough has been given and the tax foundation of kamala harris tax hikes

$4 trillion worth of tax hikes would not lose this close to 800,000 jobs and this is over a ten year period and probably worse than that and not enough has been given and the media isn't even willing to discuss >> she won't discuss her economic plans because they're bad and oprah town hall and sit down with nbj and going for the plans and when you want to talk about tax and gains and destroying the stock market and that's everybody that operates in the market and raises taxes massively and subsidies through home ownership and rise the price of homes and that'll work and i'll be interested to see what they'll go out with and they went and focus groups more

and more phrases with economic policies and at the end of the day. she didn't do the home wok or the work or the reservice connected and now wants to lie to the american people. that she'll do a better job with the economy than donald j. trump and don't believe her and three and a half years to create a economic agenda and she's fa failed. larry: i want to play a sound from jay powell -- no, it's donald on jay powell on critique of immigration, illegal immigration. take a listen, art. >> federal reserve chair joe roam powell said "influx across the board service connected one of the thins that allowed unemployment to rise and rise substantially. to save your jobs, you must vote

for trump". larry: well, there you go. saving jobs, vote for trump. jay powell is saying unemployment is going up in part because of illegal immigrants and do you agree with jay powell? >> not really. he's logically inconsistent, larry. >> white chevrolet you look at employment growth, it's declining dramatically, larry and that's the problem and unemployment rate, and trump is completely right by the way and unemployment rate increases because of tax policies and that's a serious problem and trump's policies by the way would lead to enormous expansion of unemployment and look at some of the things on the tips, no

taxes on tips and you're i love the some deduction limitation and i did. i'm from tennessee and getting rid of that, that does increase the after tax rate of return for upper income workers and would be increase in jobs, unemployment and income. larry: byron, in the last year, probably longer, jay powell said this, that in the last year native born jobs have done down and illegal immigrants have taken those jobs away. do you agree with that, byron donald s? >> in part i do.

we are seeing this phenomena where low skilled labor is being sucked up in part by illegal immigrants in the country and the harris biden policy on wide open boarders has been diabolical for struggling families, working families and people who are low skilled labor in the country. you got to secure the border, you have to be able to give americans the opportunity to be able to put food on the table for their families and in part that's correct. art is also very correct. there is a decrease in overall employment availability in our economy, and that is because of their terrible regulatory and tax policy, and it's a gross mismanagement of the american economy that is mostly focused on government subsidies as opposed to organic economic growth. larry: thank you, art and byron. coming up, help israel finish

the job with hezbollah and hamas. simple question. yes or no? congressman mike walz, former secret service agent will weigh in next on kudlow. remember, catch kudlow monday through friday at 4:00 p.m. on fabulous fox business and if you can't get us for some reason, please text your favorite 9-year-old and she will show you how to dvr the show. you'll never miss a tax cut. that's all. no more tax cut misses. i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all...

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larry: israel striking another 300 targets in hezbollah and mike tobin is live on the ground in tel aviv. mike, what can you tell us? >> >> larry, they say over the last day they're demolishing what's built up over the last 25 years and hit some 1300 targets in the south of lebanon today and pretty rapidly and latest figure from the lebanese health ministry is 356 people are dead and more than a thousand injured and getting away and launching

and that's making a point and there's rocketing with weapons ready to lawn and that's examples of this idf and opening for them and followed by a secondary explosion of weapons and israel prime minister going directly to the people of lebanon. >> >> they've been using you as human shields and placing rockets and missiles in your living rooms and garages and aimed directly at our cities and citizens. reporter: there's a warning issued to people on the north of the country not to travel and avoid gathering in groups and school was canceled not only in israeli side of border and lebanese side of the border as more some got through israel's defenses and one struck a home where a family retreated to the

bomb which he will and israel says since combined effect 8, some 9,000 missiles, rockets and drones were fired at israel. this extensive air campaign is intended to cripple hezbollah to do more and lebanese civilians caught in the cross fire. larry. larry: thanks, mike tobin. be save and appreciate the report. bring in florida congressman mike walz and richard, a former secret service agent. i pronounced his name correctly and working hard and mike waltz, prime minister netanyahu trying to appeal to the lebanese people to throw hezbollah out but, okay, taking them out, the hezbollah leadership blowing up with the pagers and walk key talkies, which is extraordinary counter terrorism operation.

will the bidens allow israel to continue with this? >> no, if they can help it. the israelis did not inform the biden administration or u.s. about this operation or the one to take out hamas' leader in downtown teheran or a number of others. the misguided notion on day one and placate the progressive left and punt this down the road. there's not be peace anywhere in the middle east as long as iran is flush with cash and can be solved with better energy policy here at home. drill, baby, drill.

flush with chinese cash buying oil, it's not going to go away. larry: richard, i want to go back to that question because i think there's no ceasefire or returning of the alive hostages and biden administration it's in complete chaos and nobody knows who's in charge they've not informed us and there's no reason and i don't understand this report that the united states was going to send military men and women to why should we medal and israel doing what israel has to do.

>> biden harris administration is an empty suited administration. larry: they're demolishing what hezbollah set up and bb netanyahu going to the lebanese people saying throw them out all together. >> yeah, and the congressman can speak to that . >> pol politics and gio politic. >> precision way with almost no civilian casualties and did it without the idf having to invade

southern lebanon and engage in a costly counter insurgency. absolutely brilliant. movies and books written about this operation for years but a question is if you think a commander in chief kamala harris would have approved covert operation like the pager. like the beeper operation. heck no. larry: i don't know. no way. too risk aversed, too escalatory and provocative. hearing deescalate from this administration, iran escalates because they smell weakness and take over. larry: deescalate is a synonym for appeasement. >> yeah. larry: that's happened all the time and never approved of anything that israel has done and that pack line going for the support of defense of israel and going for that . richard, you're the expert and former secret service and

there's no clarity and lack of am by ewety and not receiving presidential protection and the secret service unfortunately after butler said he was and it's not true and know from the episode on the trump golf course. as of today, mr. tram subpoena out there doing outdoor rallies and not a economic point and do you believe the service is protecting him the way a president protection biden or anybody else should be protected in is that clear? >> they're not, it doesn't seem that way. if you want to see what full blown presidential protection looks like. take a walk five blocks south of here and down to the un and see what some of the details look like. addressing a rally, campaign

site or once he gets elected addressing the citizens of the united states. hidden behind plates and leakers of glass. that's un-cassioppi cementable. >> i don't -- unacceptable. larry: i don't understand why the top of the service with brave men and women. but unfortunately constitutionally and bureaucratically they've not done a good job and we know that. i don't understand why they can't be honest about this. just do it. why does mayorkas have the authority. biden has the authority to do it and he's nowhere to be found. hit it right on the head and do

it on the people out there and giving them manpower and going for the united states and don't forget, iran is go trying to kill him as we speak and going for a shoulder struggling. not even on the way from a letter of harris or biden and iran trying to kill a leading candidate. talk about election interference. >> unbelievable. thank you, we appreciate it. larry: coming up here on kudlow, president trump and perhaps the migrant crime and talking about with senator tommy tuberville when kudlow returns.

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>> we'll bring down the full weight of the federal government

and any jurisdiction that refuses to cooperate with ice. larry: what do you think about this story? >> going back to when he was president, larry, he was starting to talk away grants of the sanctuary cities and getting ready to covid hit and put him in a stale spin and a great way to launder money and great way for the blue city mayors and governors to steal money. it is absolutely amazing what is happening for illegals and unconstitutional and taxpayer

having a way to pay for meals this coming meals and >> going for that and distinctive and going for that to come and more. larry: a venezuela gang is taking over new york and other cities and taking over. moving into the areas and running it and you cannot use the police because they'll gang up on ex-police and gang up on local passer biers or pedestrians for no good reason whatsoever. crime wave is spreading like we've never seen anything like this before. >> ha larry, losing respect and

accountability in the cities and we've lost. i saw videos from last night in philadelphia, when you see the things going on with -- against the police and kamala harris wants to continue to defund the police, she wants to help people get out of jail, pay for their bails. it's really uncalled for. i can't believe anybody would vote for this administration again and we're in a tail spin and, you know, if you can look back when i first got here two and a half years ago, we passed the last cares act, which was almost $2 trillion and billions o f that money went to the blue state mayors and governors to bail them out because they were so far in debt and they've done that again. they've done it twice since i've been here. american taxpayers are paying the bills and they're going to continue. we won't have a country left if we continue with this spending.

larry: chinese buying farmland and a lot of that farmland is coincidentally near u.s. military bases and in fact, some of them are near strategic military bases, nuclear related military bases. our farmers are in trouble. >> we lost 150,000 farms in the last three years and went bankrupt and won't come back. biden is pushing everything to china and brazil and take all their food and everything cops here. the imports are very, very low cost compared to input cost of farmers here hawaii are you going to do? end up selling your land but that's all the globalist game plan for the farmers to go out

of business and sell. they're selling right now around military bases as you said. very, very complicated and our farming will be overseas and importinger and controlling the food, larry, controlling the government and you control the world. it'll put us in harm's way. larry: one last thing. i probably don't have time but love having you. i was at a lunch today and national security related lunch. but a lot of the tech companies, you and i might not love their human resources policies, okay. but they're keeping america in the lead, including ai, europe taxing them, europe regulated them and united states trying to tax them. united states trying to regulate them. the federal trade commission.

antitrust department of the justice department and all ganging up on technology companies and china is the beneficiary of all that. that's what made me think of it. wouldn't it be nice if we defended our technology companies and nice if we said to europe, you can't tax our own companies. only american legislatures can tax them? what's your last thought on that, senator? >> you're exactly right, larry. just look at reports coming out of europe, they're so far mind in technology because of costs and things being taxed and this administration does not really want us to have tech. they want to run to other countries and bill gates in china and china will be controlling everything if we don't prepare if putting us back to manufacturing and building things here. cam larra harper lanes israeli are is the first presidential candidate to be an ai candidate

and everyone is doing the talking for merri bowl except for her. it's very concerning with the mainstream media is doing all the talking for her and trying to sell her and sell the american people on something that's not really true and all imitation. larry: we'll leave it there. thank you, senator tommy tuberville. joining us about life, liberty and pursuit of happiness. kamala is afraid to pony up and go to al smith famous catholic going with cardinal and timothy dolin.

she tried making a joke on the oprah interview saying if an intruder cop into her home, that backfired, no pun intended. she's afraid she's going to lose ground and if she gets roast that had kills the facade that she's been trying to pull and i think trump could end up getting humanized by this event. she can't afford that in the home stretch of the race. larry: but she will, tammy bruce, she will go on cnn for another debate. >> she wants to. larry: mr. trump says no way. i get it if it's martha and brett on fox.

donald trump is not charlie brown and the football is pulled away from him and he's pulled away and gets tricked and we're over those games and trump is done with those. he run the race with the first one and she wants to do cnn and like it is last time and i think they feel there's something to make up to the democrats. the nature of the faith of catholicism and going for the profiles of the left wing hamas wing of the democrat party and the wokes just doesn't want to do that. because she just can't go for the entire country and going for

all americans and it is supposed to be an example of how we come together for the differences and martha maccallum did an interesting thing and every president is historically won that catholic vote and that's going te behind trump and my last one caroline, downey. bury deep into the democratic party and left wing and there's a lot of anti-catholicism and there's anti-woke and look at that and going for catholic charities and going for her and it's a group of people. larry: i could be wrong and it's worth raising.

>> inexplicable length of biden going for them acknowledging who cannot claim to be catholic and going to have the abortion and it's incompatible and kamala harris is just going for him to tanned. larry: caroline and tammy, thank you both. i'll be over here quietly minding my own peace. coming up here on kudlow, bringing back the pipeline and going for them to give us a time of day and we'll talk to him coming onset in just a second.

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larry: so can we still bring back the keystone excel pipeline under a second trump administration? tough sell. let's ask francois, the president and ceo of tc energy. thank you for have. would you do it if trump comes s in and says it's okay? your company has kind of been damaged several types through

the process. >> yeah, larry, i think the answer is no. we'd be starting again from scratch and it's about a six year process to dial up a project and it's outside the term of a single trump administration. not in the cards for us. larry: this thing would have come down -- correct me if i'm wrong, come down from alberta and then circles its way through montana and nebraska if i recall. >> yes. >> then moves a little east and then somehow winds up in texas. larry: where the oil would be refined. >> that's correct. would have brought additional 800,000-barrel as day from canada down to the gulf coast refining complex. today that complex gets half of it is exports from canada and could have been a lot more from a friendly neighbor.

larry: and jobs. >> yeah, creating thousands of jobs during construction. larry: in the beginning, biden's came in and slammed. boom, one of the earliest things they did if i recall. they wanted to unwind all of trump's anything with fossil fuel permitting. what did they say? were you in negotiating with them? >> i was. they said it wasn't consist with the climate policies of the administration and would impair the ability of the administration to achieve the re-destruction goals. larry: it's not consist with the blame policies. that's the fool heartedness of this. larry: the techy guys are asking how to have enough electricity to accommodate ai. oil and gas is one way and nuclear is another and bidens

are opposed to all that. >> reality, larry, is that i think the term energy transition is flat out wrong. right term is energy addition. we'll need more of every form of energy to meet growing demand. can larry: our emissions and u.s. emissions come way down in the last 20 years and we have among the lowest of the complexes in other words. >> they've done a great job of reducing emissions and coal fire and natural gas. we are washed with gas to help the rest of the country do exactly the same thing. we didn't listen or this administration didn't listen.

francois, thank you ever so much.. appreciate it. good luck.me t be right back with my last word. s and retirement savings. presentation looks great. thanks! thanks! voya provides tools that help you make the right investment and benefit choices so you can reach today's financial goals. that one! and look forward, to a more confident future. that is one dynamic duo. voya, well planned, well invested, well protected. your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i think that this product is a gamechanger for my patients. try pronamel mouthwash.

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