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tv   Kudlow  FOX Business  November 20, 2024 7:00pm-8:00pm EST

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meet the traveling trio. the thrill seeker. the soul searcher. and - ahoy! it's the explorer! each helping to protect their money with chase. woah, a lost card isn't keeping this thrill seeker down. lost her card, not the vibe. the soul searcher, is finding his identity, and helping to protect it. hey! oh yeah, the explorer! she's looking to dive deeper... all while chase looks out for her. because these friends have chase. alerts that help check. tools that help protect. one bank that puts you in control. chase. make more of what's yours. larry: hello, folks. welcome to kudlow, i'm l arry kudlow.
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venezuelan gang member sentenced to life in prison for murder of laken riley in georgia. we'll talk about it in a moment. >> plus. is joe biden now trying to start world war iii as a lame duck. we'll ask senator rand paul later in the show but first pete hegseth is er -- peter doocy is in palm beach. reporter: we're getting a read from elected democrats. on matt whitaker, we're hearing that democrat believe that he could have as much as of impact on u.s. foreign policy as anyone. >> i can say, nato and biden administration for next two months need to be
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maga-proofing ukraine. to strike russian oil refinery capacity. reporter: president-elect trump blaming democrats for some bad headlines his picks are getting, posted to truth, it is what radical left lunatics do to people, they are trying to right now with in great american patriots, that areony t tries to fix the mess that democrat made, and president trump may work around congress, that something that some members of his own party plead with him not to do. >> if there are some appointment that are troublesome. will president use recess appointment process? >> yes. the president has -- >> i want president trump to consider if it is possible to recess appoint a national labor relations board member. or a cfpb member or hyper
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partisan recess appointments that obama did. but not for cabinet level position, that should be off of the table. reporter: and something we have been hearing the border czar, who does not need to be senate confirmed t tom homan teasing ahead, president trump's plan to u.s. military military to help with mass deportations, that is come back into focus because of laken riley case just c concluded. president biden said it is justice for her today. or president trump said justice for her today. larry: peter, what is doing in treasury race? candidates, at least some are meeting with president trump. reporter: yes. and there nothing new. we hear whispers particular
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come at any time, br broader theme as we understand reason for delay because president trump really's to get someone who will help h him enthusiastically help him enforce the tariffs and not scare the markets. not clear who his favorite is right now,. larry: did you take your name out of the race? reporter: for treasury secretary? [ laughter ] no. if that i want to make me treasury secretary, i am right here, they can mind me. yeah, i'll go work at treasury. same block as where i work now. larry: just around the corner from your beat, peter doocy thank you. >> all right, no matter what liberal says, donald trump will close the border and
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deport criminals. that is the subject of the riff. so all eyes on immigration reissue as horrible venezuelan gangster who tragically killed laken riley was sentence to life without parole, this illegal migrant murder was caught crossing border in 2022, paroled, and released in to countryside. a year later he was arrested in new york, charged with several crimes, and released before i.c.e. could get a hoa -- hole of him, he was flown to georgia at taxpayer expense, this is not first murder committed by illegal immigrant or first time liberal pros cprosecutor in sanctuary cities released illegal immigrant criminals. but liberals never seem to learn. donald trump just won a landslide victory for one of
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abspop key issues of closing border and stopping florida of illegals a mandate to change, listen to some of the liberal whiners who insist on opposing trump's plan to deport criminals. >> we will not be participating in misguided afford that harm or community, it tears families apartment we're not going to -- that is not going to happen on my watch. >> idea of calling out you know, the army in to the domestic confines of united states, is seems uncalled for. and may be unconstitutional. and illegal. >> we're not cooperating with those effort that actually threaten the safety of everyone by causing widespread fear. larry: you know, the idea that trump will break up families or have military roam around cities all this is bogus red herrings.
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no border czar tom homan, made it clear, that any use of military will be for nonenforcement duties like thi transportation or infrastructure or administration. idea that liberalling the stand in the schoolhouse door, or make it all this -- make it this city hall steps nowadays, they will stop mr. p trump from deporting criminals is not only dumb politics but also unlawful, i'm not the lawyer but, first up, federal law supercedes local law. second up, section 287 g . of immigration and nationalization allows ice enforcement and removal operation to identify and remove incarcerated criminal noncitizens. it permitting i.c.e. from other immigration officials
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to collaborate with state and local law partners to protect the homeland through the arrest and removal of noncitizens who under mine the safety of our nation's communities. and gain, repeat, federal law su supersedes local law. >> mr. trump and mr. homan will use these and other statutes. this is what he was electioned to do. in elected to do in a stand slide, if liberals keep fighting it, they will keep losing landslide elections. perhaps that is a great outcome, i don't know. that is the riff tonight. joining me now to talk about this and other things florida condit congressman byron donalds and new york house member claudia tenney, i'm not the lawyer you are the lawyer,
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287 g, these are federal statutes, sections of immigration and naturalization act, that expressly give federal authority to remove these criminals, incarcerated or not, federal law supercedes local law, the liberal whiners, let them whine, they will keep losing elections, what the heck. if i wrong, there are probably other statutes. >> you are right on the law, but new york state has a green light law in 2019 under governor cuomo that prohibits sharing between local law enforcement and federal law enforcement. to determine if they are illegal immigrants and it gives them access to a drdriver license, there is one country in state of new york, who refuse to enforce the law based to
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what cuomo and new york democrats wanted. he is a stand out, letitia james our attorney general has threatened t to pursue any of country that try to interfere and prevent i.c.e. and intervening that would have saved laken riley, had her murderer been detained, he never would have been shipped at taxpayetax expense, to georgia, it is new york state law, governor cuomo left wing that runs new york state, and governor hochul who continue to allow it to happen under threat from lawless, malicious prosecution of letitia james who i think should be disbarred and removed from office for a number of things. the least of which what she has done to president trump. larry:byron. it is interesting the sanctuary tea people you
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know mayor of san francisco lost in last election, mayor of oakland, california, lost in the last election. we did pretty well, president trump did well in open state of new york for example. i don't know, politics here, sounds futile go ahead let them complain. the voters have spoken and by a lot, this was not a cat's whisker it was a landslide. >> larry you are correct, donald trump has a mandate. the greatest presidential mandate probably since reagan in 1984. to have these blue state governors, and blue city mayors interpret federal law how they see fit, who really suffers are the good people who live in the cities and live in the states, they are american citizens, they
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deserve to be protect, commander in chief, incoming donald trump will secure the border and i eliminate illegal aliens from the country. that is what he is supposed to do. following the law. for them to stand in way of thiss egregious, at this point, should they be getting federal funds? if you are not following federal law, why should you get federal dollars. it comes from pockets of american people, if dollars do to municipalities and states the least they could do is follow the law and help trump upheld the law. larry: i like that a lot. if -- the locals won't, i don't think if -- you are sure that new york can new york state can supersede federal law that does not sound kosher to me, i will
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let that sit for a minute. bigger point is what byron mentioned, why not, mr. trump, you know he will be bold, he will do what he was elected to do, people in new york' him to stop criminals whether they are illegal or they reside in the united states people are sick and tired of this. why not stop the cash. stop the cash to the states, unless any until they start cooperating, with the federal authorities, and one last point, you know, that the blue line, the police, and uniforms they would love to cooperate with i.c.e., you know that. >> absolutely, it is not a question of whether or not the law supersedes it does. it just a matter of we have to sue to get it enforced with type of judges that we have with the prosecutors, with agatha ag, that is the problem. president biden said power to right now to close the border, all tom homan wants to know, wonderful guy he
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tops seal border, deport illegal aliens from are criminals, and to find and save the 300,000 children who have been human trafficked. and coming across northern bored wire have a huge problem. this is what president trump will do, and reasons you will see everyone start to fall in line. i have done numerous law enforce. round tables, in my district, they are celebrating day that president trump walks to office and enforce the law, and stand up for them, that is what we need. larry: i know, byron, another subject, but not all together, you had your fema hearing, are you convinced now that fema won't discriminate against people with trump lawn signs? which i really think is something in face of you
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know life-threatening hurricanes. is -- was it really up and down fema? not just one person? started from the top of? >> i'm not convinced. i think there are serious problems in fema all federal agency this is why all appointment ps s made by donald trump for cabinet posts are critical, u.s. senate needs to do the right thing and let period make his pick, what is happening at fema is pervasive. in my view, criswell and committee yesterday could not state that they have finished their investigation, and they know that this does not go on. they are in the middle of the process, working with tthe i g . it has been this way under joe biden, this is what we're seeing in terms of their equity agenda they pushed. the die d.e.i. agenda
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political use of the federal government, not just that main justice but all through the federal government this is what we have been seeing from top to bottom it has to stop that is why donald trump needs his cabinet picks to be confirmed. i call as republicans in u.s. senate to step up do the right thing. >> if you can vote for merrick garland to be attorney general, come on. you could vote are in matt gaetz. larry: yeah, you know, okay. you -- this is good. you opened up that p pan pandora's box. this is what democrats do. this is what merrick garland does. this is what the democratic liberal media does. it is called false sex smearing. this case, they are going aftermath matt, they are going after pete hegseth. they hate every single cabinet, you know like a chorus this one is terrible oh, wait this new one is worse, no, wait, this is new latest one is worst, one
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after the other. they are all worse. and a bunch of smearing that is what they do. claudia, not even the -- you know this, not even the justice department could bring those charges against matt gaetz. i don't know everything that there is to know. i acknowledge that but i know that a former tax collector and sy seminole florida serving out an 11 year jail term is the guy behind the accusations he and his two shall we say sex worker friends and justice department under merrick garland, not weapon size -- weaponize matt, stop already bet them through and be ready to just as soon as january 20 rolls in or whatever the due date is. >> i agree, look at, matt gaetz deserves a chance, he is a br brilliant guy, you will see lisa page and
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peter strzok, they are serving, they are what we're seeing in fema. only at higher level. let matt go in clean house, if matt does not work out, president trump will revisit that, not everyone works out in the right job give them a chance, mats could be a super -- matt could be a super star, that is what trump does he is a risk taker put people in position where you think they might have a shot, if they don't you move on, if they do, they do a great job, that start of being in business, take risks, i was a business person, byron knows, risk takes is what it is bth about, this is why president trump was elected. >> right. larry: byron, linda mcmahon is going to confirmed. i am sure. a very good friend of mine, a brilliant woman and good administrator.
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good business lady. she will try to dism dismantle the education dedepartment and put forward school choice get minorities educated properly, i think they suffer the most, they are not only one, this is a gad woman in pursuit of a noble cause. >> a good woman in pursuit of a noble cause. >> most people don't know, they will find out, she is tough. she tough, and direct and she means business, you will not intimidate here, a great pick by president trump, at end of the day, the experimenting that has occurred over the really last talking now 45 or 46 years, with department of education, has been where kids ability in our nation to read on grade level, and do math on grade level, has decreased. since the federal department of education was opened back in 1977.
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around that time. we have seens experiment it does not work time too un time to turn the page do the right thing and make sure education is for the children. and that parents are at the head of table not waits on bureaucrats, linda mcmahon will get it done. larry: claudia tenney, i never set foot in law school are you impressed with my legal research and knowledge. >> very impressed, larry you are amazing, on education, you know what is a real leader in education, erica donalds, byron's wife, she is amazing, a great resource to by ron and helping us if we have a question. she knows it she live ti think that will be a big part of happening, a lot of great people, that is what i'm exercised about. larry: byron bring her on the show. i'm for it. >> any time, she loves you.
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and i want to tell my wife, honey, i told claudia to say, that thank you claudia i pick up the brownie points. larry: i met your wife in milwaukee, i think, i am sure. >> yeah. larry: anyway you are february house, claudia tenney thank you, and byron donald thank you. >> all right coming up. how can j. powell's fed claim it is independent when 92% of federal reserve board staff donates to democrats? 92%. i have said it before. i will keep on this subject, we is congressman french hill, who could run house banking committee and economic michael faulkender. you can catch kudlow, monday through friday 4 p.m. on fabulous fox business. if for some reason you can't get us at 4, text your favorite 9-year-old, and she will show you how to tv,
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dvr the shocker y -- and you will never miss a single i don't know twhark what, a single something or other, i am kudlow, we'll be right back. ia, m afraid i can't do that, jen. ♪ (suspenseful music) ♪ why not? did you forget something? ♪ (suspenseful music) ♪ my protein shake. the future isn't scary. not investing in it is. you're so dramatic amelia. bye jen. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com.
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larry: how could j. powell claim that the fed is
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independent, 92% of federal reserve staff donation go to democrats. we'll show you a chart. we'll bring in my friend, arkansas congressman french hill, and michael faulk en decker. faulkender. afpi, welcome. there is so much about fed is independent, i'll put it up on the chart. i hope you can see it. it was only recently, you go back 25 years, about half and half. by the way fed i doi donation were small in 2016, blue line goes up. in 2020, blue line explodes. and 2024 less but still the buying blue line. 92%. this is from bored staff in washington. i know you are smiling. but the fact is, it is not an independent federal
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reserve, something has happened under j. powell which made this unindependent, it is a democratic federal reserve board. and you will be chairman of banking committee or whatever financial services, french, you have to do something about this, it is dead wrong. >> i am shocked. that there is g gambling at fed, these of people that bike to work, this is no surprise. you look at reserve banks and fed here, they are in big blue cities. and that tells the story that the fed is -- people who work at the fed are like a lot of federal bureaucracy, they vote democratic. that is the what i think game is changing in washington, this the i think importance of sweep from president trump, house and senate we work together roll back that administrative state, and use supply side to make more affordable housing, cure inflation and make banks great again, we
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can do that. i am not shocked that there is gaming at fed. larry: yeah, but french. okay. that very c clever quoting casa banca. okay to faulkender. this is study about federal reserve board in washington d.c. other reserve banks have been in big city, you look at chart something happened under j. powell's tenure, maybe it is just a coincidence. faulkender, d.e.i., critical race theory, esg, cl climate change all these fashionable but harmful diseases have infected federal reserve.
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my question is, are the fed -- is the fed hiring people from the left in democratic party s -- deliberately, now you know, 5 or 6 years, bingo, something happened here mike faulkender. >> i would say, a couple things, d.e.i. complex infiltrated universities, particularly in graduate programs, unfortunately specifically my area in economics you see hiring pool fed is bringing in people from has moved very much to the left, it used to be a lot of pro-growth economists, that literature has moved toward redistribution. there is another thing which is donald trump has changed the electorate. republican party is now much more of a working class party. and democrats are parties of elite. you look at what is the one
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year where the fed donate to republicans it was when mitt romney was nominee. i think what is happening is that donald trump has made this a working class party, and fed is a bunch of elites, not works class. larry: look at the charts, this started in 2016. that was mr. trump's first try, when he won, and explodes in 2020, a little bit less in volume in '24, but proportion does not change all blue. all blue. the prior 15 years, 10, 12 years it was evenly balanced, french hill, i think what the financial hearing start up, i think that j. powell has to be asked about this, he is out there saying we're -- the fed is independent we're not political, we will not be swayed by this blah, blah, blah. you look at this, and where are they spending their money? on democrats.
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and when? recent years. there is something amiss. and i think it is d.e.i., and they are hiring people who are to the left. as faulkender suggests, whole economic profession to the left, hardly any conservative economists except he and faulkender, this is a problem french hill, i want to go after all of these isamesms that infection the fed. >> that is it we use end of chevron deference, we'll work with president trump. larry: all right, that is good. good. good answer. faulkender, i'm going to let you know, un, french hill thank you. >> you bet. larry: on kudlow, is lame duck joe biden about to start world war iii, you see
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what he is doing in ukraine all of a sudden, bomb, bomb? we'll ask senator rand paul next up on kudlow. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick and mortar in new york is not easy. chase ink has supported us from studio one to studio three. when you start small, you need some big help. and chase ink was that for me. earn up to 5% cash back on business essentials with the chase ink business cash card fr chase for business. make more of what's yours.
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>> i will prevent world war iii very easily, i will prevent it, i know all of the players, we can't have world war iii. we have very, very, very stupid people running our country, we could end up -- i am worried about 3 months. larry: well, all his worries are now coming true. joining us now kentucky senator rand paul. welcome back. >> thank you. larry: joe biden is mr. bomber? we're throwing cruise missiles into interior of russia, and setting upland mines, putin now recalibrating his nuclear defenses and standards, this strikes me as insanity
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senator paul. >> for over a year now, virtually anyone you talked about this war said it is a stalemate. from the generals in ukraine to the russian side, to our state department, they admit it is a stalemate, the good thing is that negotiation may be around the corner, you start lobbying missiles, a couple thousand miles into russia that is something that will disrupt and maybe make the wargo on longer, i don't think that this is intentional on biden's part, it is taking away from the pos pil -- possibility that donald trump could negotiate a solution. larry: i don't know who is running the white house or foreign policy, honestly. all of a sudden flurry, the guy is a lame duck, senator paul, he has no business taking these adventurous
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actions, and gallop did a poll 52% of ukrainians, want a deal to end the war. that stuff, i think most americans would too. i don't think that biden has any business doing this. >> i think there is a war-weariness in ukraine and world for funding it biden with this at last minute, i think is irra irrational and does not make sense but it goes with persona of someone who is weak 'perceived as week, we over react and say, i have to show people how strong i am, why not show on the way out how strong i was. it is more about biden trying to save face, and project strength. than about the conflict. i can tell you it pushes peace farther away. and it means thousands of more ukrainians and russians will die before the carve
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ends. it make -- the war ends, makes end of the war more difficult to achieve. larry: you have a resolution that would cut off some of the funding for this? >> a couple months ago they sent more money to ukraine, that time they said let's call it a loan, from beginning i knew it was a trick and dishonest, 3 months after this loan and now biden is forgiving it for me and opponents of this there is an expedited vehicle a privileged vote they can't stop me, they will have it today, because i found a privileged vehicle, i got 16 republican, and 1 democrat senator, to sign a discharge on this, we'll vote to overturn this loan forgiveness. i think we'll lose, all democrats are for endless money to ukraine over 180 billion so far, and about half the republicans are more money for ukraine too. this ukraine first policy,
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america last, that does not go over well, just go to asheville, north carolina, and ask people suffering there, are you glad that 4 billion dollar has been sent to help those people in ukraine? but asheville is without potable drinking water, i think americans are upset about it. larry: one last one, right up our alley, elon musk, vivek ramaswamy, you may have seen the lengthy "wall street journal" editor call, they posted. trying to ch chop down government regulators, we have backing of supreme court, what do you think about this? i think it right up your alley. >> i'm all for it i sent them over 2 thousand pages of waste that i have found. that we can cut. there is a lot of different ways to do it, some is technical, i'm for it and support what we can find, there a way to do it with
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simple majority vote with no democrats calls rescission, they have to come vin -- convince them in advance, we tried it one for 15 billion but we lost two republicans. so, if ramaswamy and musk come up with cuts, they have to come over and convince, i'm in, but convince some republicans who may not be all in yet they will vote for cuts, we can do it with republican-only votes. >> that is a great point, rev rescission authority that is powerful. >> we'll get rid of a couple dozen regulations immediately, we're timing them up, they are time limited but anything in last 4 months we may be able to get rid are that will happen, it happened in 2017, it will happen again. larry: terrific stuff senator rand paul thank you, sir, appreciate it.
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>> now, we'll have fun mark simon, hall of fame radio host and joe concha. author of, are -- >> the greatest come back ever inside trump's beautiful campaign. larry: give it to producers. >> we have time. larry: post election -- some of liberal networks are not doing well. including broadcast networks, cable. my question, i know they are liberal, i know they are not doing well, i don't know what will pull them out of their funk. >> accountability and firings. in cnn case, there are massive layoffs coming. larry: really. >> and msnbc comcast parent company spinning them off for pennies on ar when that happens there are usually firings, now ratings are gone advertising dollar do and talent, if you want to
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call it that goes next, mean msnbc they average 500 thousand viewers a day. 10,000 viewers per state, "morning joe." during show we saw ratings, they lost 40% of audience from one hour to the next after announcing they met with trump, you can't call him mussolini and stoi stalin and hitler. larry: amazing thing, to joe a points, with which i agree, trump was willing to meet with them, he said he is soap to hav -- is open to having a peace treaty, even. they won't -- here, rosie o'donnell, she is one of your favorites. gets up there on her high horse, and says she does not like the "morning joe," "morning joe" is a mi
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misogyny. rosie o'donnell said it was ter they will be "morning joe" went to visit mr. trump, i thought it was the cool that trump said yes. >> give him credit, he wanted to see them come in on their hands and knees and big forgiveness, joe came in like a scolded dog. ratings are down 50% and plunging, studio rock fully rockefeller center, if they just open the window and yell they would reach more people than on the air. >> godfather ii. the landlord fleecing old lady, and did not realize -- that jump looked mag m magnanimous. >> i have to leave it.
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it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name!
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i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. larry: all right trump tax cut 2.0 are coming joining us now idaho senator mr. mike crapo. i know it maybe early, but, you have talked about this, you and i have. we have talked about it. these tax cuts that need to be scored may not need to be scored. if you are extending popular tax cuts forever, there is a current policy baseline, it was used to under president obama it would reduce cost of tax cut, could you tell us about that, sir. >> yes, i think it comes down to this. under our scoring rules, the failure to stop tax increases from happening is
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considered a deficit. this is a 4 trillion dollar tax increase on americans. 2.5 trillion fall on people making less than 400 thousand, this is tantamount to not letting taxes go up, which is what liberals want, will create a deficit, which a craze argument. barack obama when he fa faced same question. if you are extenting current law, we're not raising or lowers taxes that is a 4 trillion dollar deficit, that ridiculous. this is a difference between a tax increase and 4 trillion of spending. we just have to get that message out to america. larry: that is just so important the way you put that so clear, live -- i love that, have you worked
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this you this republican caucus or democrats, you will be head of finance committee that is influential committee. >> ywe're making this argument aggressively, you might guess democrats don't like it they want to increase tooks and they want more -- increase taxes and they want more spending. there is quite a bit of receptive ity among republicans because they don't want to raise taxes, under spending protocols and scoring protocols we use attending current spendings thank you not score as a deficit -- tax creases -- >> that is cite. right. so, all of these arguments are, terrific. if you talk to president trump about this. i will hit -- i have talked to him about it. but you need to talk to him
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about it also. >> i have talked to him about it he agrees. he knows that we have got to be bold and strong and tell the american people what is really going on here in this fight. he wants to go big. and i think that we're going to be able to do that with his support. larry: so cbo and joint tax committee may never sign on to this. >> no, they will never agree. we have to -- we could try to change the baseline, and we may be able to do that. and force them to score it differently, but whether we're successful in that or not, we're going to have to take the bold steps of saying to american people, that we're not going to let 4 trillion of tax hikes happen and that not going to increase deficit. with those tax cuts our revenue to the government came in at record levels just like the 50 year average, they did not increase. larry: yes. >> 100%, and way cbo and
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joint t tax committee don't vote on nearly of the senate -- on the floor of the senate, thank you senator crapo. we'll be right back.ya h across all your benefits and savings options. so you can feel confident in your financial choices. they really know how to put two and two together. voya, well planned, well invested, well protected.
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