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waiting in wings to talk about money and bitcoin, but peter doocy live in west palm beach, florida. what's cooking there. reporter: we're feeling push and pull of biden and trump foreign policies everything that president-elect says makes headlines abides en at biden team still has control of the situation room. >> we have the ability and have had conversations with appropriate officials in the incoming trump team. particularly about who is going on in syria and also in ukraine and middle east writ large, they have happened, they are still happening. reporter: another world leader came bighted viktor

orban of hungary posting photos of president trump and elon musk. president-elect hoping to get more mileage out of that now infamous dinner he had with justin t trudeau, he joked in private. canada should become a state, here we have from trump, a pleasure to have dinner the other night with governor justin trudeau of the great state of canada. we are confident that president was kidding there. as far as we know, canada still not a state, trudeau is still the prime minister we can check on that, if it changes by 5 we'll get back to you. >> peter, anyone say anything in white house

press room about why joe biden's tea secret l ly gave iran $10 billion, i am saying in cash because it was convertible. 10 billion big ones after the election. just came out. one of the conservative wire services got it anyone talking about that 10 billion smackers to our friend iran? >> no, and it feels like the out going biden white house just wants to get out with no runs, no hits and no errors, they are there. if something big pops up, otherwise transition is on. and so, no, that did not come up, i bet it won't. larry: i'll never ask again, thank you peter doocy. >> hey, we down here, if karine jean-pierre wants to joint us in west palm beach,

we'll ask her and get that. larry: we would love to have you both on a segment on the show, terrific. unbelievable, peter doocy from west palm beach, getting a very good tan. larry: "wall street journal" and main street doing the trump dance that is the subject of the riff. so, small businesses and middle american families doing the trump dance. take a look at whopping confidence numbers hot out of press. small business confidence registered largest one month game in 39 year monthly history of the survey. soaring after the election. middle class working folks are expecting their financial situation to be better off a year from now, jumped to highest reading since february of 2020, that was just before the pandemic. that according to a new york fed survey. on top of that big business

starting to do the trump dance. business round table published quarterly survey. based on responses from the ceos of 1 p 56 firms, their confident index jumped to highest level in 2 1/2 years, since month expectations of sales and capital spending and employment all improved. guess what? seem like folks are looking forward to lower taxes and regulations. guarantee, consumers are hoping for a $2 gallon of gasoline, the small business are anticipating a permanent extension to 199 a, 20% deduction for pass through companies that make up a huge portion of the overall american businesses. and jobs. you can bet that middle american working folks will be happy with tax-free tax tips and tax-free overtime to fatten their wallets.

seniors would like a break from that double tax they have been paying on their life long savings. and earnings. all right, is is right there in president trump's campaign. folks are hanging on every word to see about the progress he is making to keep his promises. let's not forget trump stock market rally, might have something to do with tax cut to 15% for corporations. something that would be very healthy for profits and real worker wages. then scott bess bessent bond market rally that's doge brothers will do their part in chopping down the size and scope of government, cutting spending, and ending note only regulations, but ending regulatory agencies themselves. combination of 3% or better economy growth, meaningful decline in budget deficit of 3% of gdp from 7, additional

3 million barrels a day of oil production lowers energy prices in the economy. that is mr. b bessent's 333 formula, very popular on wall street. now, trick is to get it don. as soon as possible. promises made, promises kept, mr. president. that is the riff. all right. joining us now, texas congressman wesley hunt. mr. hungt t hung mmr. hunt thank you for coming bako. back on. what is going on here, i think they are doing the trump dance? >> you know, on january 20,

america is back own for business. -- back open for business that is when trump will deliver this, he has done it before we saw growth in his first presidency, we have to rings and repeat. -- rinse and repeat, people ar excited to have more money in their pockets and taxes go down and inflation go down could and regulation capped, that is the biggest killer to the small and large businesses, democrats have put so much onerous and burden some restrictions on us we can't operate, imagine large corporations and small businesses take that extra tax revenue and reinvest it back into their companies and 401(k)s, they get to grow their, for the future, we're excited to see, that i think over course of next 4 years we'll see the run, that we've likely never seen. larry: so, all that is -- that is true.

that is wonderful. the kudlow trust is enjoying this. and i am sure wesley hunt trust is also. but, i am worried wesley that tax cuts will be second. by the way, and budget cuts will be second. and i'm not o-- i understand energy, the wall the border, defense, i understand those are important. don't get me wrong, i am not criticizing either senator thune nor president trump nor steve miller. but another high priority is cutting taxes and regulations. they are putting that in second place that worries me wesley hunt, you only have smale margin in house we never had two cocan reconciliations in one year. >> we could walk and chew gum at the same time, two years ago we passed hr1, and

hr2 we have to bring them back. on day one. i got out of a meeting talking about the tax cuts and how we could continue to further that mission moving forward, we did hard work in 2017, this does not expire until end of 2025 we have time to get it done but we can do this simultaneously, trump was given a mandate every person and member of congress that is a republican, we are here because president trump delivered us the house, senate and presidency. and i can guarantee, you don't want to be the stick in the mud to hold up this agenda. we have an opportunity, it will not be perfect, this year we'll get it done secure southern border and get our economy going again because that is what the american people voted for.

don't count us out yet, we have time to work. president trump at h at the helm, his get through. larry: i am rooting for you. this is interesting. i was talking with newt gingrich, he was on the show last night, i spoke with him later about this idea you call simultaneous i think that is a good way, you can do it, you say, let's see hr1 was energy, hr2 immigration. you already know what defense mark is, i think 860 billion or something, you know that, that can roll. and while that is rolling, at the same time, you can be developing or fine tuning tax cut policies, right? it could work at the same time, so you vote on the one, then you be all set to vote on the other, say, in whatever february or march or april is that your

thought? >> preferably after april, because to be honest we have to fill t two seats. with slim margin we have special elections in florida. we have time frame. you don't want to be the one twp progress of america. and level of pressure that every individual will feet feet -- feel to get it done is prominent, i am optimistic moving forward we have done the leg work, at end of the day we have to move swiftly but pr prudently. >> update us. how is pete hegseth doing? and kash patel, tulsi gabbard, how are the noms doing? >> i think they are doing much better, i have said it

a thousand times, this is a mandate from american people. president trump put these people where he wants them to be to increase efficacy of the programs, in terms of pete hegseth, get the d.e.i. out and focus on war fighting as a war fighter and west point grad with army and navy game this week, go army beat navy, i want to get back to war fighting that i grew up in and my family served in and pete hegseth is the man for that job. i think he will get through, i think kash patel will get through, you are seeing a lot of the a senators that were apprehensive, they are coming around to the idea that pete hegseth is the man for the job, and that kash patel is the man for the job and pam >> terrific stuff, congressman wesley hunt on top of your game thank you so much. >> looking good, you always look good larry.

larry: thank you. >> all right coming up, here on kudlow, are senate republicans doing to derail trump's trade agenda? we'll ask john carney and brian brenberg. the point you have to have tax cuts to get the tariffs going, you don't top do tariffs alobe -- you don't want to do tariffs alone without tax cuts. >> you can catch kudlow monday through friday 4 prelimp.m. here on fabulous fox business, if you can't get us text your favorite 10-year-old and she will show you how it dvr the show and you will never miss a energy bill, a tax cut bill, a deregulation cut bill or another bull market in stocks or something like, that i'm kudlow we'll be right back. car, where are we going?

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(driver gasps) (car tires screech) (pedestrian gasps) (both panting) (gentle breeze) - [announcer] eyes forward. don't drive distracted. >> i cannot tell you as someone who was there in 1981 how important it is that trump insist on a reconciliation bill in first 90 to 120 days that includes all of taxes, and all regulations you have to do it in one. go to the cathedral and pray for the bill. >> referring to notre dame.

go and pray

time the tax cut bill was finally passed in 2017. the second half really the last third really the last month. okay. it was a hail mary pass and they got it. and then president trump started on the tariffs with china and so forth and so on. so all was well. i mean it's an important thing i think the tariffs i agree with john. the tariffs are coming. i don't think mr. trump's going to wait long for them. you know you've seen with canada had already started. that's right with canada and mexico. you're exactly right. i think that the chinese and the foreigners will get hurt more. you do too. absolutely right. they'll have to slash their prices and profits if they expect to sell here. but there are. there may be one off hits to prices and profits, and it would be better to have the tax cut already in place. is that. that's that's what you're saying. absolutely. do you agree with that? >> yeah. i mean the corporate tax cuts. but all

>> this is what was done tax cut bill passed in 2017, second half, the last third, the last month, it was hail mary pass. then president trump started on. >> energy border thing gets messy you lose that coalition that gets that second bill done. on taxes later in the year. america is -- people are there is whining by officials too complicated and takes too long. that is what you are getting paid for you were elected to

do. and i don't have any -- with that priorities are important. border. energy are form, defense. important p priorities, the question, steve scalise will be on tomorrow night. he has been working for close to a year on a recon bill that is everything, i don't know why it not more attractive to transition. >> i think that everyone needs to remember this was an election fought over the economy, if something goes wrong with first recon ill reconciliation bill, you are in trouble. it is important to show the

world we're strengthening our economy. we say bring it, our economy is getting stronger, yours is weakening if we allow our economy to weaken b by having people doubt tax cuts are coming in place they will retaliate. larry: you have to be able to point to parallel processes. word trading system is broken. wto is broken, china, india, and brazil, i don't know south korea, they get away with murder, really, trump will take action, he has. to but better that take act after you cult taxes. that i think is a very important thing. >> a lot in the world you can't control, some things that you can, it is in your own backyard it has do with taxes that is why you start with taxes, small businesses everyday americans say, they say it in polls we believe trump will do this. we need trump to do this if he does, we'll respond, by

investing, growing, hiring. he has to keep good on that promise, that means congress has to say, we'll do the complicated thing, we'll earn our paycheck. and by the way, you can do it. these guys can figure it out. larry: i mean, you know stock market, had a great run will reverse. >> absolutely in and confidence numbers, i am quoting, consumer confidents, and, confidence that will reverse, and being built on mr. trump's promises to get that stuff done. >> tax bill does not get easier, the longer you do it, the longer you wait the more lobbyists come in complicate it try to put in loopholes, it will get more complicated less likely to pass. the rule with the new presidency, who just got elected, with a majority vote in u.s. population, is strike while iron is hot, do not wait until the back half of the year, do it now, when you have all momentum, if

you wait, do you not know what will happen, as you said market am start to doubt it, and businesses will start to doubt it and count -- consumers. larry: brian your point if something goes wrong it takes longer to get first bill you are playing russian roulette with largest tax hike. >> can you imagine. larry: that would be awful. that is not -- you might only give it a small probability, but not zero. >> can you imagine backlash they would face if they got to 2025, they thought about something else. larry: they would lose both houses, come on. >> john is right, you get 100 days to do the thing that america voted oget it done, don't get cute there is no way that america will tolerate, any kind of talk about reconciliation bills no one is in the mood for that. >> all right, last word. >> john carney and brian brenberg, you can catch brian with giannis

anjackie deangelis at one p.m., he'll be cohoisting "the bottom line" tonight at 6 p.m., right here on fabulous fox business. busy guy, thank you for coming down, from the hills of connecticut. coming up, christopher wray is headed for the unemployment line, and joaivjoe biden is giving 10 billion to iran, they have been so good to us, we have joe concha and mark simone to talk about it, next to me cite, we'll be cuddling together, remember kudlow is available as a pot cast. -- podcast, every weekday after the shows. we're on spotify, we're on apple, and fox business podcast.com. be right back.

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larry: let's talk politics with mark simone, worhall of

fame radio show host and joe concha fox news contributor, joe with a new book, the greatest come back ever. guess who it is about? you can preorder. >> out in early 2025, just finished it today. larry: wow. >> wrote that one fast. larry: maybe you can explain why did joe biden secretly give iran our friend, 10 billion. in cash. in euros convertible. unlike some of the -- 10 billion it was secret, they are afraid to tell american people. >> where is that going? to iranian proxies who are firing on our troops in the most middle east. why he does this, i have no idea, same thing with ukraine. all billions he gets out the door quickly, before donald trump comes in. let me share with you the poll. gallup, 2023, americans asked should woe negotiate to end ukraine war or keep

fighting. 27 %. to negotiate. 24 that 52% people want out. they don't want our money going out when we have people here suffering. larry: one of conservative web sites broke the $10 billion story, it is not widely -- i'm trying to get it out there. you can say it will never happen again, this is an indictment, they should never have done this, giving 10 billion to our enemy, mark simone, you are a you are -- you are concerned this christopher wray is headed to unemployment line, is there something you can codo to help hip. him. >> now, just leave, get him out. media will never report the 10 billion. this would be most

incredible book about biden administration corruption, the immigration system, border, and justice department, we need someone to write that book, about what the heck happened make joe concha that can be your next book. >> you look for books on joe biden his presidency, i think his only one, there is they right themselves. larry: and wray turned out the to be a super bad guy, he was a pointed by donald trump, high was chris christie's idea. give that up to chris christie, who wound up running ga against trump, saying nasty things, and destroyed his own political career, wray, he was one that questioned whether trump got hit by a bullet. in pennsylvania. >> horrible, chris christie, that awful bridgegate scandal, wray w was the

lawyer for him, watch his testimony in front of congress any dime, he will not answer questions. he refuses to answer, how dare he say trump didn't get hit by a bullet or shrapnel. from heaven. >> teleprompters, were in tact, fbi director just throwing it out there, when you invade someone's home like wray invaded mar-a-lago, i think if you invade his home and he becomes president, you will not keep your job. larry: but for what purpose, they never had a case, wray doing bidding of merrick garland justice department, and one joseph biden, come on. for what purpose? did we go through all of this weaponizing and lawfare. >> that is why kash patel is coming in, he was victimized by that very same institution, he will run it, a pattern with trump cabinet, if you are a victim of a institution, guess what

you get to run it and reform it, a beautiful thing. larry: beautiful. >> mark simon, all of president trump's nom's getting through. >> all of them, a smear campaign on pete hegseth, you can't find anything on record, it has to be on record with a actual witness, they are going after tulsi gabbard now that will go nowhere, bobby -- >> what is the case against tulsi gabbard, i don't know her, what is the case against her? a republican case or democrat case? >> media case, she used cnn method with 52 anonymous sources and noble law lawets signing a letter. >> a former democrat turned republican, i like that. there was a time in american

history, i'll go back a wrote a book on j john f f. kennedy and reagan. i am saying that is why democrats might -- republicans should welcome all of these people. >> elon musk over in voted republican, joe rogan endorsed bernie sanders in 2020, he came out and endorsed donald trump he was so appalled by tim walz. >> not one republican looked at ate biden administration and said i top join this. >> liz cheney. >> joe what is the name of the book. >> greatest come back ever, inside trump's big beautiful campaign. last part, do remember, unburdened by what has been. larry: i thought greatest story every told.

>> that has been used. larry: joining me now wyoming senator cynthia lummis. welcome back. do you agree that all of mr. trump's cabinet noms will get through? >> i do. larry. you are hearing a lot of media chatter about certain of them, you named all of those that seem to get the most media questions. robert f. kennedy, tulsi gabbard, and pete hegseth. but, i don't hear that chatter from senators, i hear it from the press. i think that there will be a solid effort to confirm all of this president's nominees, do you know that over the last 20 or some years, only two nominees have been voted against the by members of their own

party. and it was only one person in each case. it is traditional that the president get the support of their party. and in u.s. senate, i see that happening this time. closing around -- ranks behind president trump and his nominees. larry: a lot of smearing there. from the left, senator, i have to -- let's see, pete hegseth was on hannity last night, a bit of a quote, take a listen. >> this is why i give so much credit to president trump, he has a backbone of steel. he never backs down. return the pentagon to war fighters pete, get in there clean out social justice politically correct garbage on top, get back to lethality, war fights, accountability, meritocracy and readiness. >> strong statement. and i don't know why anyone

would disagree with that? >> i am with you. , larry, i think that pete hegseth's priorities are correct, and they reflect president trump's priorities which are correct. we have seen people live will military because they are discouraged about the woke ideology that p permeated it under the biden administration. pete hegseth brings that to the table. he has spent the last number of years profiling and explaining the import as know of -- import acts of having a military that 3 that will and prepared. and did will be more accountable under pete hegseth. i believe he will be

confirmed. larry: senator let me s switch gears, you are a crypto currently fan, so is mr. trump. bitcoin had a tremendous run. i am reading in "new york times" some of the big banks have debanked customers, including wealthy customers because they were involved in crypto currency one way or another, marc andreessen leaked out he knows a bunch of wealthy people that have been so-called debanked. debanking -- one bank silver gate may have gone under because larger banks would not support them in authorities beat up on them, and last minute we have, what is going on? can it be changed? >> well, just as there has

been lawfare at justice department, operation choke point 2.0 has been so much bigger. than many of us knew, i was glad that marc andreessen got on joe rogan's program and blew it up, you had all kinds of people who have been debanked, get on x and explain what debanking has done on their businesses, it could be a begin manufacturer or a marijuana, or an oil and gas producer, it has been crypto assets, they have illegally, i mean this government, our government has illegally gone after an industry and tried to snuff it out, through the regulatory state. through the bureaucracy, and this is something that i am so pleased president trump is going to stop. just as kash patel will go to fbi do away with warfare, president trump is putting

people in place at fdic and treasury, and elsewhere in his government who can make sure that industry can flourish in u.s., with transparency and consumer protection. larry: paul atkins is pro crypto. >> i have yet to meet with him. >> he is. >> that -- >> good. that agency has taken these enforcement actions again crypto companies, they have to pay millions in fines and legal fees, and it is a murky regulatory framework they can't comply with even if they want to, operation choke point ask a disaster. -- is a disaster it is lawfare on crypto, it is time town doe it, brusm will -- it is time to undoe it, and president trump it. >> i life he will, senator up well lummis

thank you. >> next on kudlow, what is happening on tax cut bill, we have chairman of senate finance committee n mike crapo returns to the show, he had an important meeting today, maybe he will give us update, i'm kudlow, crapo next up. at harbor freight, we do business differently from the other guys. we design and test our own tools. and sell them directly to you. no middleman. just quality tools you can trust at prices you'll love. ♪ i'm kevin hart. i'm a leading man, ceo, media mogul, a board member... he keeps going and going and going... just like my chase freedom unlimited rewards!

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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! 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: more on tax cut story, joining us mike crapo, senator crapo welcome back, you have met with scott bessent yet and talked strategy with him. >> i just met with him about 20 minutes ago, yes, i have, he is very engaged, he will be a fabulous secretary of treasury. larry: i agree with that. as someone who is a prime backer my question is, the tax strategy part. i am still worried we had a couple guests on still worried if tax cuts come second you could be playing russian roulette with biggest tax hike in history if it is not done. >> yes, i did not discuss

that in detail with him, he has not yet confirmed as member of president's financial team. but the bottom line, i said to you before, i could there is a lot of arguments here in house and senate, i presume that the presidential transition team with president, there are strong positions on both sides. my position that decision will be made by the speaker of the house, majority leader of senate and president. and i as finance committee chairman can go whichever direct they want, we'll be ready to move when they say what the sequencing is. larry: let me ask you, a little bit of a different article, we discussed earlier in the show, different argument. mr. trump will work whatever his magic will be on tariffs, he has to. unfair trading system is very substantial.

it would be better to have tax cuts in place to kush cushion the blow of tariffs, foreign companies will bear burden cut prices, their currency will go down, american companies may have one time price hikes, and american consumers one time price hike it would be better to cushion that with lower taxes, you recall in 2017 in the fall december, you have tax cuts done. and then tariffs came in 2018, wouldn't you want the same sequence now? tax cuts first then tariffs? >> well, believe your pain -- point makes sense, bottom line and i have not discussed that issue, i don't think specifically what the president's tariff strategy s but bottom line and i don't believe we should tie tariffs orel

hor taxes to anything we must not delay the passage of tax bill further than is necessary, but if the president decides that we need to wait and do it after we do the border, and do the defense support, and energy policy, i know is one of the arguments being made, i can work with that, we can do it. larry: you can set up a reconcile tax strategy in a couple of months, say first one out of the door will be energy, and border and defense. can you put something together tax policy let's say by april that could then get into the legislative flow? >> yes, i believe we can. as a matter of fact my position is when the president and leaders of house and senate give us a timeline we can meet the

time line, we will meet t the timeline. larry: are you holding hearings? or do you already know? i think most people kind of know that extending tax cuts, i know there will be some issues of contention, you have the cash tips tack free, you have overtime, but i mean, you know, everyone whole country wants to consumer confidence is up. all t that could come back down. and stock market will. >> you are right about that, failure to do extension and adopt other key tax pro sessions, failure to do that is noto an option. larry: all right i will hold you to it thank you senator mike crapo, we'll be right back with my last word. 70 degrees and sunny today.

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larry: that's it for kudlow, thanks for watching, folks. (wind blowing) (stark orchestral music) - [narrator] news is the first draft of history. it is immediate and takes place in real time. legends take longer to develop and are sometimes based on myth. this fox news series looks at the truth behind the legend.