tv Kudlow FOX Business November 25, 2024 7:00pm-8:00pm EST
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friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. david: hello folks welcome to kudlow i'm david in for larry kudlow, president trump is filling up his
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cabinet with a wide range of a-list nominees aligned with his america first agenda. polls show americans overwhelmingly approve of his transition team. and cabinet picks span the political spectrum. will senate fall in line and confirm his team of reformer we talk about with rich lowry, tammy bruce and mark simone, they or set. and senator tommy tuberville will join us later as well on how trump plans to shake up the pentagon and biden's forever wars. fox news bryan llenas is live in west palm beach with the latest. reporter: hey david. president-elect trump chosen all of his cabinet. picks, this could be most diverse cabinet in modern times.
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that is what some folks call it. looking at some latest union pro union moderated republican, as labor secretary congresswoman lori chavez-deremer. and scott b bessent at treasury secretary, and russeruss vought. and now they join some of more controversial picks like pete hegseth, as defense secretary. former democratic con congresswoman tulsi gabbard and rfk jr. as health secretary, over week republican senators defended the picks say they would be willing to do recess appointments. confirmations without hearing that president-elect has a mandate to reform the system. >> i want to end the
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corporate capture of government agencies i want them to slim down. >> i think that president trump deserves the ability with mandate he got for american people to put mihm people in position who will do reform. >> i suspect they will listen to president trump, and let him set the policy and execute according to that plan. reporter: republicans hold a slim majority in senate, and reuters reports that president-elect as soon as day one will put in issue an energy emergency that will allow for the new permits to export liquefied natural gas and allow for more offshore drills and drilling on federal lands that is helpful for perhaps the an end to ukraine war to try to get our european allies less reliant on russia an energy yeah, bryan llenas thank you. >> joining us now, mark
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simone, wor radio show host, rich lowry, editor in chief and t tammy bruce, author of, there it is, fear itself. the name of tammy's book. 18 days to put together a team like this, that is no small feat, what is extraordinary you have a backbench, kash patel, and rick might be a roving peace ambassadizer, you still have a backbench. >> i'm looking for byron don donalds. yet, he has had 4 years to recognize who had his back u, who is good on the issues, america first instead brooke rollins led that, and pam bondi office that board.
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ther government. he wantn 't repeating the 2016 mistake of believing that everyone had the same idea of helping the nation. he knows these people are good at, maybe not been in direct washington milieu but on perimeter doing great work, great education, great histories. it is very exciting. david: picking up on, that mark. first term he did rely on a lot of washington insiders, he got a attorney general pick that led him to the whole russia gate mess. he got an fbi direct or, inherited one that was a mess, then one that was not much better. these are all rabble rousers, the thing he wants to do is really shake up the establishment in a way, even ronald reagan in 1980 and 1984 could not shake up the establishment the way he
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wants to. will he succeed. >> they will succeed starting it, they spent 6 60 years building this, hopefully he can create a successor jd vance or someone to continue it i think that every pick gets confirm jeered. david: even pete. >> it was investigated no charges, was what tulsi gabbard doing with assad, you have hearings she explains it at ledge. david: stuart with elon musk and vivek ramaswamy. showing mem them the way we'll get into the all specifics of how it will work. but the ideas, a pretty interesting game plan, you have the doge group to actually component out what needs to be cut, then now you have the rabble rousers, who are really interested in shaking it up to actually carry it out. i ask the same question, will he succeed?
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this is a big task. >> make -- reducing and making government more offefficient is not ease, he has one of the more creative minds in the planet with doge and elon musk, a couple picks i don't like but there is no doubt this is how he campaign jooed. >> who don't you like and why? >> i'm not a fan of tulsi's foreign policy. david: what is it? >> i think he benche bends over backward to be accommodated to enemies of united states jury you talking putin. >> i saw the same thing -- i saw an independent piece suggesting that she was following the maga pro putin line on s syria. when she went, that was in 2015, ask the russian mercenaryy who were blown to
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bits whether they thought maga policy was helpful. >> she campaigned for trump, part of the coalitions cabinet reflects how he ran, and 16, there are protests in streets,'s russia investigation. now it -- i'm surprised, left seems disspiritted rather than energized to fight him, there will not be that level of resistance out of the gate. david: let's stake with -- stick with pentagon, they of all of the various petrified bureaucracies they are most petrified, they have been at it for so long from eisenhower days. how difficult will it be for trump to separate the pentagon from their supporters in congress who rely on those pentagon contracts in their own district. >> this is the issue perhaps before agency, everyone has their pet dynamic, the
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pentagon in particular with money that gets lost, you have a mandate to fix this dynamic, hundreds of millions ot goes, remarkable thing that we have looked at and shocked at we have allowing it to continue, this is what the mandate is to change it, goal of trump administration to remind congressional members of that fact. we see a lot of things happening now because jack smith situation, ex and et cetera and withdrawal of those charges and his projects against trump this has to be continued. and he has to be on a bullet train, he has maybe two years withholding all of congress, and just, you have these choices to head the agents are inspired, i and dr. jeanette for surgeon general she is under a weird attack because he was pro vaccine at begin, we all were, we have all learned a great deal. david: she was on fronts line during the pandemic, in
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an emergency room physician. she went to ukraine, faced the incoming request problems and walked walk. to mark for a second. >> one thing that these picks have common they don't rely on beltway jobs. there are so many picks in first administration did, these people have a life outside of government that is a big bonus. >> that is the problem with health picks. she was on fronts lines, not working for a pharmaceutical company, pete hegseth on front lines, not working for military contractors and rfk jr., they question his rez m resume look at current secretary he has no health history he an attorney. david: and you have dr. oz cms they monitor waste and
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fraud at medicare ex and elsewhere. >> this is diverse, that goes to add p aspect of trump's campaign that media misses they portray trump as an extremist. he won the center, he won among moderates, gained ground among moderates and had former democrats and idea longicly inpeople like elon musk who used to be a centerrist but pushed right by the left's zaniness. there is a different kind of cabinet. david: i want to go back to mark. the media break down. how do they recover from this, if they do? >> it will take years, for all you at thanksgiving don't rub it in. depression. >> such a gracg thats networks were lying to them there were no 2025 project with trump, none of it there was no abortion ban, they were lied to.
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david: do they get. >> i think when entities are sold, and you know like msnbc and others -- >> you think someone will buy that. >> anything it possible. >> okay. gang thank you very much. >> thank you. >> great to you have here. >> coming up what are republicans prioritizing, next year's tax cuts and spending package we ask new york congress mam nicole nick. >> and art laffer, wheniv kudlow continues. e to your monster to-do list . super helpful. . see if you can save money at progressivecommercial.com. thank you. introducing new eroxon gel, the first fda-cleared ed treatment available without a prescription. eroxon gel is clinically proven
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♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. republicans prioritize on the economic front now they have a processed treasury secretary, we ask network congresswoman nicole malliotakis, member of house, ways and means committee. and art laffer, a man who used to design the interesting tax plans, former reagan economist and coauthor of the trump economic miracle, a great read, great to have you both, strategist on the right. and on the left we have the person who puts the plans to good use. let me go to you af arts, what do -- art, what do you
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think we need to do first that nicole malliotakis and other republicans on your side could get through congress? >> well, i don't think if they can get it through congress, she would know better than i am just putting in whole tax bill making it permanent would be perfect, if not, at leastic teeco-- extend it for 10 more years, dropping rate to 15%, and maybe getting rid of salt, deduction limitation that might bring a few other onboard. new yorkers and californians. there are a few others, getting that bill fle through is first thing. david: no tack for overtime, you described a lot of people talk about how much the tax cuts will cost as though the last 2017 tax plan cost money when it
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increased revenues by 48%. >> crazy. david: crazy talk, that is the talk of the town, that the establishment talk, art, do you think that there are some republicans that buy intonk you change the rules for the purposes of this bill going in. making it by senate has to do it by resolution. at the end, that whether it a 10 year plan, you can always pass it, but it las to be a 10 year thing, if it goes overboard. that you can do. and i would love to see them do that i really would, there should be no tax on tip its cost more to collect the darn money than money you get, and also, no tax on overtime, what a great thing. no tax on american workers abroad that pay local taxes, and need to compete, that is really good stuff. and should be done. david: congresswoman, you don't believe that tax cuts
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need to be paid for as though they are an expense rather than increasing revenue that companies in, do you? >> i think we have to look at what could be a pro growth pro jobs policy, president trump did such an amazing job putting in place a tax code to grew our economy, creating 7 million new jobs, lifted people out of pop -- poverty and lifted people. we want to take those provisions, we should make them permanent. if not at least 10 years, i heard from various take stake holders, we want to grow jobs b but we have to have certainty in tact code, if we want manuf we want manufao come home,ly i want them to do, with pharmaceutical and medical device, we need to make sure there is a tax structure in place that
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gives them certainty so they can invest, the 15%, that was talked about maybe for the manufacturerses to start a facility, i think that is a national security issue, that is an issue that people care about. but it comes -- >> congresswoman let me ask you, it gets under skin of art laffer and larry and me when we hear tax cuts of 2017 cost 2 trillion or whatever it did not cost a penny, we increased revenues by 48% in first 5 years, it was not inflation. >> that is right. david: are there still republicans in the house who believe that you have to pay for these tax cuts as if there was a cost there. >> i think that data speaks for itself, only reason that revenues are not higher because covid hit, unfortunately we had to deal with it who knows how
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successful trump t tax agenda would have been. we need people from various industries to come forward and say, what they have been able to do as a result, whether buying equipment for first time and hiring new workers so we can fight for an extension of the codes, the personal tax code is really critical as well. families benefited urge punder trump, he doubled standard deduction and child tax credit, new yorkers would lining to so a salt relief but we have to show american people, new yorkers remind them it is our governor and mayor who are tasks them to death, that is why we need salt relief and seniors struggling on social security to give them more tax relief. david: bringing art back in,
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one of the goals, end of president-elect to tu actual -- actually balance the budget, we did turn a democrat once in my lifetime under bill clinton, it took a lot of work, he did not have advantage that president trump has that say tax code that is pro growth, we comes in thank god that pro growth tax cut, if we kept spending at 2019 levels we had before the pandemic we would have had a surplus budget right now of about 500 billion dollars above the baseline. we know what works, we know what can balance the budget, could a balanced think about be done in 4 years? >> -- it was done twice in my lifetime, john f kennedy and bill clippers, listening to nicole that is music to my ears, you realize what
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competent people we have in republican party and ways and means committee, we need to get as much into that bill as we can, and make sure it passes and we go -- if we can do it on all items, great, but we have so succeed on getting bit passed into place. i would look to the vivek ramaswamy and the elon musk committee to really bridge brisk down the -- bring down the spending, i think they can do it and beautifully but we need to get the bill passed right away. david: congresswoman how do you take the doge notes and suggestions how to cut from the budget how do you implement that into policy. >> you need to go line by line, and see where money is being spent there is a lot of money spent on programs and things that people never heard of, they don't even
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know it exists, going line by line, and figuring out where the waste s is, and why pentagon can't do a full a accounting, and all international organizations that we're members of that don't reap benefits money that we're sending to c country that hate us, we are going line by line, i am glad we have dedicated people in administration who want to do that and work with congress, many of us have been highlights this wasteful spending it will come from places you first heard before. david: all kinds of way to spend your money. art laffer, wonderful to see you my friend, congresswoman nicole malliotakis great to see you. >> thank you. david: coming up donald trump is seeking political outsiders to shake you of the pentagon and dismantle government bureaucracy, senator tommy tuberville the
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weigh on in weather biden's endless war strategy will get in the way of the trump reforms when kudlow continues. that's right james, it isn't. car, where are we going? we're here. (♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ it's a little pill with a big story to tell. ♪
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david: donald trump is reportedly looking to wall street to shake up the the military industrial complex. should be interesting how that works. joining me now alabama senator tommy tuberville. great to see you. imefbetalk for a moment about how pentagon is pe come so stuck in their ways. the old revolving door between the generals who work there and the to work for military contractors, we heard it for decades to eisenhower is it true and is it time or possible to break that up? >> well, you are right. david, american people want it to happen, we saw that a
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couple weeks ago when trump was elected. a mandate to change, business as usual we're losing money right and left, so much fraud and theft, defense agency if you include in intelligence is a trillion dollar, it is out of control, we're spending you hear 500 for a hammer, a lot of that is not true, if it is 20% true american people are tired of it they want accountability, they don't have it right now no one pays price for makes a mistake or losing money. >> problem is that note only just money that is wasted. but we're stuck with the outdated weapon systems. not only are they protected by their friends and military industrial complex, and this revolving door that i talked about, but you have a lot of members of congress who get to rely on these they ae
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very r red sent to get rid of them, they are talking about new people on cutting edge of weapons technology, who need to be given a chance in pentagon rather than relies on old systems that are stuck with old politician us. >> are right, we need a coo, shake it up, we need people that know a budget, now how to spend a budget and be accountable for it, american people deserve that. the problem we have coming up is space is a new frontier, there will be trillions of dollar spent in next 10 to 20 years on space. it is probably where the knnext war happens, we have to have someone in there that is accountable for that it will be more expensive to fight the wars, andy it defend our country, and train the
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people, go to american taxpayers 30% of money to federal government, out of a dollar that people taxpayer send to st tc is -- dc is either stolen or missing, people are sick of it and donald trump will try to do it with good people that are interested in doing it. david: by the way, more than just money, you look at the problems that trump will face as soon as he gets to office with biden administration ratcheting upward in ukraine. with the new weapons he is giving to ukrainians to shoot missiles deep into russia. then for god's sake landmines, i thought u.n. lectured us about awful danger to civilians of landmines, how does he deal with the new ratcheting up the war in ukraine that has been going on? >> very disappointing in what the biden administration is doing, i know behind scenes,
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president trump does have some of his people talking to people in the biden administration. but, you know, right now, i'll say this, russia is losing a thousand people a day. a thousand people a day are dying in this war. this should never have been fought, all we had to do was promise putin high high -- we would not make ukraine nato, that is water under the bridge, president trump has to get it over with, he has to sit town with president putin, get it done, get up a boundary that ukraine and russia can live with, we have destroyed young people of russia and ukraine it is devastating to our pocketbook we sent 211 billion. look at what american taxpayers has had to pay for this war co compared to everyone
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else in the world, we have to get out of this, only one that can do it is donald trump. david: one brainiac. ric grenell. they suggest he could be an ambassador for face in ukraine and middle east with a lot of experience to his days in u.n. do think that you that is a position that could have affect for trump administration? >> you know matt whitaker is in nato, he will to a great job, he has never been an ambassaanan ambassador before but he understands problem, ric grenell and matt whitaker have been with trump they know how he deals and work out things, they will work together, ric grenell would be perfect to go to work with president trump, side by side, i'll tell you to get this done, out of the way david, donald j. trump
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is only one who can put signature on the lean on-line between russia and ukraine to make it work get us out of this devastating loss of lives and money. david: then we have intehen we l agencies, and tulsi gabbard pick to be new dni, director of national intel, she has been attacked as being pro putin, and because of a trip she took to syria in 2015. the independent newspaper considered her to be a moscow friendly maga warrior whatever the human hell that means, president trump blew up up about
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250 russian mercenaryys in syria. >> tulsi gabbard is in this position for intel, she is 20 years in. she understands it. but, you go back to one thing, democrats will do everything they can to stop anyone. i don't care who president trump puts up, they will try to throw up a roadblock. november the fifth, really of the just -- [no audio] war? winning war will be try to knock down neocons and democrats that get them people in place that can negotiate, we have no diplomacy here, joe biden at the beach, kamala harris in hawaii who is running the ship, people are dying every day and american p taxpayer money is so is
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out the door, we have to get people in place that we can trust, tulsi gabbard is get the job done. david: senator tommy tuberville, wonderful to see you, sir, have a wonderful happy thanksgiving. >> thank you, david. david: kamala harris reportedly telling her advisers and allies to keep her political options over last the defeat to president trump. joining me now mark pen democrat pollster, ceo of sstag wel, i was shocked. i know that a lot of your fellow democrats have been a little punch crazy right now in terms what happened. with the election, but 41% believe that kamala harris should be running in 4 years. as close as you get next one is 8% from newsom, and 7% for governor shapiro. it foes on.
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mark, kamala lost her post dnc convention bump she had, she had a nice lead after the convention. ja lot of people thought thshe would continue to gain. but it was opposite, like weingartewen 2020. >> well, you know democrat, a party that loves vice presidents, whether it is month tailor humphrey ored bybiden who did win, they nominate vice presidents because they typically open the political machinery. now, i don't think you should take much of this -- seriously because. no one else is running right now. and the chance they will give someone a second nomination or second chance after losing is pretty unusual.
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and happens very rarely on either side. david: yeah. >> snr that doesn't mean she couldn't have a good political career in california. david: once again, she had such a high profile position over last few months hard to see even people in california changes their views. julian, you wrote a great piece in "new york post" you say problem with democrats right now they are doubling down on what didn't work event on immigration. democrats pontificated for last 4 years and virtues of democracy but defying express will the voters in favor of virtuous elites. there is no low bar in politics, but, that is a lower bar.
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>> yeah, my point david, thank you for having me o, is this democrats in their self examination are asking questions whether we got policy wrong or wrong candidate, my point it is a deeper cultural problem, virtue signals hay become a relo religion with democrats. what immigration does it gives elites a lot of very low coastal most servant-like services that postmates and nanny services and cleaning people's houses and exerting a lot of unfortunate impact on working class. and what virtue signals can for the left, a very authoritarian way of telling people that object to them, they are morally inferior
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and bigots, this is a way of shuttshutting down the conversation. this also extinguishes themselves along their peers, this is sort of a religion for the left. it is towing it making the left a lot dumber, rather than starter -- smarter they are not listening to people. david: you used that key word, listening, i don't get a sense there is' lot of listening going on in what the american people said they wanted. >> i of course it too early to declare -- truth of matter until there are midterms then's presidential primary, right now democrat party does not have al
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real leadership, the whole leadership has been defeated. what kind of new leadership will emerge? amwill it continue left or come back to center with people like governor shapiro? that is is an open book, every party goes through this until day find a new leadership, a number of year ago no one would have expected donald trump to emerge as leader of republican party. >> julian, mark is more optimistic than you, it seems, do you think perhaps a governor shapiro from pennsylvania will take the lead. >> i would love to see josh shapiro be the next nominee for the democrats, i will disagree slightly with mark. and point out that both he and i have been writing since i i think 2021, democrats have not been listen, handwriting has been on walls on immigrations.
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like immigration -- on issues. and we have seen drift particularly of working class voters this started in 2021, you can see it in polling. and i think that democrats having not listened, they have ceded policymaking apparatus to the interest groups, they are out of touch with voters and practice what i was talking about this moralizing condescending you can see it starting with covid policies and down on policies across political front on whether it is immigration or crime or down the line, i would like to believe that the democrats will start to listen. but i have not seen a lot of evidence they have been listen to good polling of the likes that mark has done. david: not just politics, i will talk to union leaders who were endorsing openly biden, and admitting that their members were voting for trump. they are so stuck in their
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ways that they could not pull away from what their membership wants, i wonder when members will turn on them as well, that is another discussion, mark and julian i wish we had more time thank you very much have a wonderful thanksgiving to you both. >> thank you, david. >> coming up donald trump team preparing for major border crack down, texas offering a massive blot of land to aid their mass deportation operation. texas land commissioner dawn buckingham weighing in on that coming up next.
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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.
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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! 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. [speaking in spanish] david: face of open borders, a terrified 2-year-old child crossing border without an escort hoping to connection with her parents in the u.s. abthe need to change policies crystallized by that sound bite, joining us now dawn buckingham, thank you, it is hard to find a stronger message to biden or
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mayorkas or aoc than when you heard, no? >> i think you make a perfect point. the t small child coming across border, hundreds of thousands of similar children have been lost by biden administration, coming across the border. most likely object f we want to get back to the basics of rule of law, we want people to immigrate here legally. we want to take the violent criminals off of our streets that are harming our sons and daughters. david: you have a place for them in texas in stark county tell us about that track of land, how you plan to help if trump agrees that is a best place to put some of the criminals they planning to deport. >> well, texas has been standing in the gap since federal government has been -- this is no new space for us to be, we're excited to
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having a willing and able partner in president trump when he gets confirmed end of january or sworn in, we think it the a 1400 acres, it is by a good highway, by an international airport, and a international cross brinbridge over the river. we want to be a good and willing partner and be helpful. david: talk of great work that texas governor and you have done in trying to secure border on your own without help, with a lot of reverse of help. with a lot of effort to harm the work you do by the biden administration, when you heard president biden taking credit and kamala harris taking credit for the slowdown in migration, what did you know of that? did you ever call them up and say wait a minute you are taking credit for what we did. >> i call it laughable hypocrisy. that is fine, they lived in a "la la land" of what was
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happening in border, never visited or talked to people who live there the evidence for that how the vote happened, stark county, voted overwhelmingly for the first time in 150 years for a republican never having lapped before, and moral of story simple, these communities are lovely, the people are lovely but they fillfelt that the democrat party left them and their policies were hurt could communities and safety and prosperity for their children. david: there is anna paulina is an island between texas and mexico, cartels took it over as a staging group for their battles. you went in there and took it over from them, now in the years, past 3 years many branches of cartels have taken hold in places all over u.s., can you give advice to people tom homan
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in how you fought with them. >> we received that ask, i am texas' first land commissioner, there were 3 island in rio grande, we declared them texas, through operation flat top with help of the department of public safety and texas military different. we got them cleared. we took away bombs, other weapons, drugs, traffic children. and i have no doubt that tom homan will stand up do it right be be strong and an amazing border czar, very significant contrast to our previous border czar in kamala harris. we are against so excited to have a good partner in white house who cares about safety and prosperity of our communities we're here to work side by side with them. david: we wish you the best, the work you did on that island people could write a book on that, you should be
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the one to write it thank youf. more kudlow right after this. (♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com (vo) weight loss. for so long, i felt stuck. but zepbound means change. zepbound is for adults with obesity, to help lose weight and keep it off. activating 2 naturally occurring hormone receptors in my body, it works differently. it's changing what i believe is possible when it comes to weight loss. it's changing how much weight i lose. up to 48 pounds.
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