index returns for the year and a bit subdued and going with the baseline and more. taylor: thank you, tom hayes. faa issued a ground stop at toronto international following the delta airplane that crash landed at the airport. faa says all 80 people on board were evacuated and accounted for. the dallas cowboys tafanely plane upside down -- delta plane upside down. they don't know how the crash occurred but they're working to remove debris and make sure people are safe. that's been breaking news and markets are closed but claman is back tomorrow. kudlow is next. ♪ david: hello, everyone. happy president's day.

welcome to special edition of kudlow. i'm david asman in for larry kudlow. the world is just beginning to wake up to the global impact of trump presidency, and some of their leaders are literally crying about it, watch. >> this started as transatlantic conference and speech of vice president vance on friday, we have to fear that our common value base is not that common anyone. let me conclude that. [ applause ] david: president trump could meet with vladamir putin with the peace talks with russia and ukraine and putting leaders in a panic. french president macron called a

emergency meeting and ukraine zelensky says he won't recognize any agreements that trump and putin make in the war without his own involvement. listen to this. >> i will never accept any decisions between the united states and russia about ukraine. never and our people, never. and our adults and children and everybody. it's time we show the war in ukraine against us and it's our human losses. david: here to sort all this out is miranda devine, a new york post columnist extraordinary and fox news contributor. momollie hemingway, editor and chief of the federalist and must read and a fox news contributor rich lowry, editor in chief of the national review. good to see you all here. miranda, going to you first, 60 minutes had a fawning report of european censorship and they were interviewing german prosecutors about censorship,

and they were pretty proud to talk about it. roll tape on that. >> is it a crime to insult somebody in public? yes. >> crime to insult them online as well? >> yes. >> crime could be even higher if you insult someone on the internet. david: okay, that didn't exactly mesh with the message that our new vice president brought over to them on friday let me role a bit of that. roll that bit. >> if you're running in fear of voters, there's nothing america can do for you. we shouldn't be afraid offeror people heaven they express views that disagree with their leadership. david: it's the vice president versus censorship. >> absolutely and example of america leading the world and dark veil of venn soreship coming down on their -- censorship coming down on their

continue nathanial hackette going for monkeys and prosecutors on cbs and it was going to proudly talk about they're criminalizing speech. they have to destroy democracy to save it. and thank god that jd vance went over there in that very public this is a make or break with the alliance. david: mollie, it's a contrast of character and donald trump stood with astructure and support tin's bullet and -- assassin's bullet and the german leader there and fell into tears talking about how he wasn't getting everything he wanted. you know, it's a pretty clear distinction between two very different styles and what brought us through world war ii worworking with european leaders were not the tears we saw from the german leader.

>> the same german leader was the one that laughed when donald trump gave a speech at un about germany's need to have energy independence from russia. he thought that was so ludicrous and now there's a situation where it's interesting to bring up world war ii. should we have the same situation and lifting up all the european countries because they're so destroyed by world war ii. we're 80 years later and a lot of people want to keep that exact same structure and europe saying we'll let the united states handle our defense and build up the welfare state and they'll handle our defense and trump and vance saying that's not going to happen anymore. that broad wonderful call for freedom and saying we care about freedom of speech and freedom of religion. david: freedom of finances as well. and you know, going back to world war ii over the weekend and that was by margaret brennan

of abc making claims of free speech had being responsible for the rise of natzi germany to secretary of state rubio. listen to this. >> why would our allies or anybody be irritated about free speech and more? >> he was standing in a country where free speech was weaponized to don conduct genocide. >> i'll have to disagree with you. free speech was not used to conduct a genocide. there's no free speech of natzi germany. david: what do row make of that? >> argument of what free speech was responsible for natzi germany. the logic of that is we had the first amendment for more than 200 years and leading to gas chambers here in the united states and we have the freest of speech anywhere in the world. >> the approach of the rest of the world and going for them to accurately go for that and these

models in germy and the model that the left wants to import and biden pressuring social media companies and they were adopting that approach on their own and the election through the switch where hopefully we've seen the end of the model in the united states and thousand there's a vice president of the united states going over to europe and telling that approach is wrong there too. david: of course, miranda, our economy is one of the wonders of the world and presenting the success of the economy example for decades and centuries to the rest of the world. then this crazy administration the last four years trying to import the european model. sort of semi-quasi socialist and leaders crying thinking about their future and et cetera. why import from europe a mete mediocre at best mod and he will at best people that keep the ball rolling with the exchange of getting donald trump.

there's no contest? >> no, there isn't. trying to use europe for those social media regime and using here and we're not allowed and it's the first amendment and we saw that europe took that up. and hoping to suppress free speech in the elections for biden and european poo bear saying recently that jd vance mentioned in his speech that we cancelled the elections in romania and we can do the same thing in germany. germany is just about to have an election. there's a right wing populist anti-immigration group looking pretty like it's pretty competitive. david: and democracy be dammed. >> exactly, we'll cancel that.

>> and migration is drive ago lot of this. what the european elite didn't want to have a debate over immigration and the europeans by in large don't support the open border policies from the elite and here is a much freer system and donald trump saying everything they don't want people to say in europe and public supports it. david: mollie, then we have zelensky and we've given him $200 billion more or less and can't find a lot of those billions that have seemingly disappeared and going for it not going to allow donald trump to negotiate some kind of understanding with russia unless he's a part of it. a million people were injured and the rigses lost about 400,000 and the ukrainians about 600,000. >> it's been horrific destruction in ukraine and nobody has talked about it as much as they should and nobody in the entire procedure of the war talked about how you could

win the war against russia and all the nuclear capabilities and so what you're seeing trump and vance doing now is saying we have to be realistic and just wish russia had the power and invaded ukraine and going back to pre-2014 bor borders and this needs to end because the carnage is unthinkable and a million casualtiesties and just particuy over a certain age range in ukraine difficult to recover from. everyone in that room crying with the german leader, they were happy to have this war continue at untold cost covered by american taxpayer and didn't care about the destruction and how long they last. david: bringing it back to biden, miranda, biden didn't require any kind of accountability from zelensky. that's really the point. he -- again, i inspire hope he's been a heroic figure at times standing up to russia with our might and dollars behind him, but it seem that had biden was letting him -- like a child

letting him get away with anything and they'll take much more with it than they deserve and can keep account of himself. he admits he's lost millions. >> donald trump is perfectly right saying this war would have never happened had he been president. we had joe biden giving mixed messages and offering for ukraine to join nato and not offering and saying a minor incursion by russia and wouldn't be a problem going to be this and boggled this from the start and going from them and the tragic number of deaths in the death toll, and it's changed the relationship between russia and the west forever. russia is in the arms of china and i don't think that's something that will be easily un-peaked and it's going to be a disaster for many generations to

come. david: bring it home to what's going on with doge and attempts to demonize for elon musk and not going well and polls like the way things are going with making our government accountable the same way zelensky wasn't held accountable for many more billions of dollars and i think the democrats are just losing and they have nowhere to go. >> yeah, the federal work force mean as lot to them and it's their political base and let's reduce them and it's common sense and one of the most popular things that trump is doing and all this will be litigated and administration on the strongest ground and anything doing with personnel and fire someone and promote this and going for all that. it'll be the interesting thing is can you zero out federal agency that congress is authorized or in effect see row it out and that's -- zero it out and that's more interesting.

david: democrat carter was the one that started the process. the process finished under reagan but he started the process and hired al con to be the director of cab, and eventually he kill ed it himsel. >> executived create it and executives can roll it back. the question is if congress specifically authorized it, do executives have the authority so say no. david: mollie is the only one living in dc and seeing what's going on. give us the color of the neighborhood. >> yeah, people are frenzies bed they and getting high salaries and amazing benefits packages and work from home and in some cases not doing a ton of work. some people work very hard for the federal government. a lot of people don't. there's panic there and i agree with what rich is saying and shows why congress needs to assert its authority here too.

they were the ones responsible for the bloated unconstitutional administrative state growing and they need to be part of the solution and need to support this by working with the president on tightening up this game david: i haven't yet seen, sticking with molly and seeing trump step in and use all the political capital to swat the behinds for republicans not getting in line with one beautiful bill. >> yeah, he wants to get his all of his nominees confirmed and needing to work with them. >> it's a little ambiguous and have congress pass it and that ends the legal problem. david: yeah, yeah. >> why on earth could anyone object to auditing from the federal government and that's all doge is doing is auditing and than we'll decide what to cut out. david: ron paul tried to audit the fed for many years and one organization, the federal reserve and couldn't get anybody to go along with them. by the way, do you think this is going to be done anything with

all the political capital and support of the american people behind him. just in a month, you have seen such amazing work. >> who knows what's ahead. >> his popularity is soaring and up at 53% and higher than it ever has been. david: really is. miranda, rich, mollie, thank you very much. great to see you all here. we have news to report. there was a delta flight, it was going from minneapolis to toronto airport. that is upside down plane, ladies and gentlemen, landed in toronto and flipped over upside down and flight 4819, delta flight 4819 and 80 meme on board and this is the miraculous part as awful as that appears and we have our report that 8 injured and one critical and no report of anybody having died on that plane.

again, it's delta flight 4819 from minneapolis to toronto's pearson airport. i guess there's o two airports in toronto. and landed around 2:57 in the afternoon eastern time. and you can see the result of that flipover but again, eight injured, one is apparently critical and one is life critically and there's no deaths. actually now three critical injuries we're hearing and local canadian ambulance services and one male patient in his 60s, one female patient in her 40s and one pediatric patient. we wish them all god speed and hope they make it. coming up, will the house stick to its guns and pass that one big beautiful bill that donald trump wants, even as senate republicans push ahead with their own very different plan. we'll be asking congressman pat fallon and greg stu when kudlow continues. greg ste steube when kudlow

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one big beautiful bill, but seems only the house is willing to do so. for the very latest, joining us now, our two members of the house, texas congress member pat fallon and member of house oversight is committee and florida congressman greg steube from house ways and means committee where all the interesting tax bills come from. starting with you, congressman steube, the house is moving on trump's one big beautiful bill. what's happening with the senate? they seem stuck in the two bill idea; right? >> yeah, seems as though the leadership over there wants to do two bills and that's their prerogative to do that, but the house has been very firm and chairman in the ways and means has been firm to do one big beautiful bill like the president talked about. i think from a procedural standpoint, that'll be easier and budget resolution passed a committee last week and now we'll go to the floor getting back to washington next week and pass that budget resolution on the floor.

david: pat fallon, why can't the president -- i just asked the panel this question last segment, why can't the president use that big beautiful political capital he has to get what he wants? >> well, i think he is, and he's definitely our quarterback. we're a team and house republicans are a family as greg can attest to. maybe we're a dysfunction that will family and i think we can get this, and doge has a lot of moten tentum, david, amongst the american people. the taxpayers are sick and tired of their money being squandered and people talking about it and a president taking bold action. david: you know what's going on there. i'm curious, i know you have democrat friends and some in the house are your friends and what do they tell you about it? thymosin it's a losing battle fighting for waste and fraud.

>> there's voices in the wilderness with the lefts and there's a few reasonable democrats and they know and have seen the writing on the wall and democrats want to play contrarean because let's be honest, david, the federal work force counting on their votes in virginia to get the 13 electoral votes in presidential elections. without that, virginia would go red and almost did this time with president trump. we're going to continue onto do the right thing and let the deputies play politics. david: congressman steube, the problem is there's work to do now and they could interfere still. i understand their lawfare doesn't seem to be getting as far as they want it to get, but they can mess up a lot of the president's plans and that is why it's important to get the senate in step with the ways and means committee. is there any way that you can work together with the senate? >> yeah, they'll work itself out

and the senate going through their process and send a bill that's changed to the house and will go through the process of the house and senate typically go through. republicansshould be and will be united. i was very surprised and pleasantly surprised that the budget resolution passed the committee unanimously and it was a split party line and and that shows we're here to deliver on president trump's agenda and obviously everybody has different ideas of what that looks like and you're right, if the president said this is exactly what i want and has a press conference and we all come together behind what that looks like and getting into the weeds and details is a challenge. there's 4.5 trillion, 4.7 trillion and tcja and there's a lot of things to work out the details on. the hepped of the day we'll get president trump's priorities passed. david: it's a ridiculous notion that you have to pay for something that increased amount of money from taxes and this

4.5 trillion cost of extending the tax plan is the most re-dib louis thing i've heard -- ridiculous thing going on them. and maid up numbers and tax cuts brought in extra $1.5 trillion. extra and it's adding to the budget and not a subinstruction and they don't understand that. >> it's math and i'll go over it and >> the cbo will score it and they're wrong a lot of time. when you have that kind of growth and simulate that growth and considering there's trillions of dollars on the sidelines right now and what's been this is stability and growth and once we pass this and we can extend it and either for five, seven, ten years or

permanently, that provides them that stability and peace of mind and goods and services exchange hands and government take as bit in something called taxes and that ibram creases revenue. and just like ronald reagan said, when you cut taxes, you grow revenue. david: ronald reagan and jfk said the same thing and all three were right, trump, reagan and jfk. i want a little more on doge, a wall street journal editorial quoted the government accounting office came out with a report last spring, congressman steube, that between 233 and $521 billion is lost and that's just the fraud. that's about the quarter of the way and $2 trillion that elon musk said he can get over ten years. we're really closer than a lot

of people think. >> yeah, and the numbers are a lot worse if you look at social security fraud and covid-19 fraud happening all across the country and local governments were appropriated money being abused and they're getting arrested for having some type of illegal scheme to get that money and it's actually more than that and what doge is doing going into the systems using data to reflect the numbers and see for a fact what we have been wasting and what's been fraudulently being spent across the country is very important of analysis for us to do, especially as republicans as we go into the process and budget reconciliation to cut as much spend zing as we -- spending as we can to give the tax cuts to the american people. david: quick final answer and congressman, steube, you've been very vocal about criticizing lack of accountability about spending in ukraine and what do you make of the statement from president zelensky? >> i stand behind what president trump is doing and marco rubio is doing and he said he'll get

peace out in ukraine and i think that president trump is going to do that. you need a strong lead tore be able to do that. david: yeah, i wonder if we'll get accountability for where all of our money to ukraine went. gentlemen, we voter to leave it there. thank you so much. congressman pat fallon and greg steube. coming up, on president's day the legal battle over the president's power to control the executive agencies under his own control continues. with democrats fighting in court earlier today to block trump and musk from auditing government spending. we'll be talking about it with article three projects mike davis and attorney julian epstein when kudlow continues. after careful review of medical guidance

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david: president trump and elon musk fight to cut government waste going on full steam ahead but democrats are using what looks for all the world like

lawfare to stop it and even on president's day and going for them and alexander. are you going to be with you? >> government efforts within seven trillion agents going to continue and rare holiday hearing to halt dork's access to federal data and making personnel cuts and going 14 day pause on that coming from 14 state attorneys general and she'll issue a ruling within 24 hours and expressed skepticism to meet the threshold of imminent harm and major harm happening and couldn't be undone like a building getting demolished and this weekend doge celebrated another temporary victory with u.s. district judge john bates denying access to records of three agencies and those being the department of

labor, department of health and human services and consumer financial protection bureau and judge bates acknowledged privacy concerns that brought on the lawsuit and ultimately decide that had doge likely qualifies as federal agency and therefore has the authority to access government records. in that case, the plaintiffs have been asked to file a briefing on potential preliminary by the 18th and similar to the restraining order and less urgency. david: bring in mike davis, president and founder of article 3 project and julian epstein and attorney and house judiciary council. good to see, gentlemen. mike, appears looking at ruling of judge chutkin and bates and they're skeptical of claims for different reasons by the states against the president. it seems so logical and the president to put it in business and the president was hired by

the american people to run the executive branch of government and yet can't get into the records of the executive branch of government and have his people do so. doesn't make sense. >> it does not make sense ask saw some of these earlier ex parte tros by some of the activist judges receive tremendous political blow back because like you said the american people heard that president trump wanted to implement doge and like what had hay heard and voted to put president trump in office and overwhelming fashion and 312 electoral votes and all seven swing states and president trump is doing what he told the american people he'd do and exactly within his article 2 executive power. david: he telegraphed it and within his four andage annecy

mccarthy wasn't always on donald trump's side. what he said earlier about the various attempts to challenge his authority here. roll tape. >> you're noticing in all of the cases across the board well, it's only for two weeks. well, it's obstructing cerumen for three weeks. just have the injunction in place in a little while then argue about it. it's important to recognize that he has this power and the congress and the courts do not have the ability to obstruct him not for 14 days or even 14 seconds. david: julian, you're not a hard nosed conservative and you're a democrat and been served a democratic administration. the bottom line is that american people look at this and they see the same kind of, i would call it lawfare even though it's a different use of lawfare but twisting the law in order to get what they want and deprive the american people of what they voted for. >> well, democrats have the right to go into court and doubt mean it's a good fight.

what democrats are doing is walking into a trap here. this supreme court has made it very clear, its view that the president has the right to manage the executive branch under article 2. while the courts may clip trump on lower level civil service rights before terminated and earmark funding can't be rescinded and president trump winning on the cases getting to the supreme court and lower courts were resisting the temporary restraining orders and know the supreme court has that view. and they don't want to be overturned. so this is like the legal result likely to come from this is that the president's hand further strengthen when had it gets to the supreme court. as a political matter, this is like sheep hurdling off a cliff. you're living in an age -- by the democrats i mean. you're living in age of deep skepticism of institutions and what democrats are doing politically right now is getting

defending the most unpopular type of spending like foreign aid and france gender operas and moneys going to groups to fight a mas and this is a -- hamas and this is a fight that democrats can't win and walking into a trap here and they don't seem to be there. david: mike, examples that elon and doge and independents like the oh, pa now is finding out of $20 billion in a slush fund. they're so obviously wrong. i mean, aid debated and it's generally done more harm than good in the world and that's my own opinion based on covering latin america. the stuff they're coming out with is just horrible and democrats are left in the position of having to support the horrible stuff that they found. >> it's even worse and saying the president of the united states and his treasury secretary the treasury and

looking at whether there's waste, fraud and abuse. there's clearly unconstitutional violation of articles on the top. david: doge and aid funding and there's a whole range of issues and immigration among them and the president not only won on in november and he's getting growing support from the american public and jonathan carl had hakeem jeffries on one of the sunday programs and want to play a clip of that where he outlines how ridiculous it is to try and be against something that the american people are more in favor of. >> 63% favor federal government's recognition of only two sexes and 60% favor deporting immigrants that enter the united states illegally and 60% favor oil and gas production and 59% favor declaring an emergency at southern border.

is there anything you are seeing that that trump is doing that you are in favor of? you think is the right thing? >> let me say to all of those issues, we're just at the beginning. david: his answer is no. i don't see anything that the leadership and people like senator fetterman and others saying you've got to find something to work with him on. i don't see the leadership doing that, do you? >> no, david you and i talked about this repeatedly saying that they'd lose and the hijacked by the progressive left and on step with the american voters on every issue by double dick emberds and going back to doge and look at department of education and $280 billion as test scores plummet and $50 million for epa like environmental justice groups

aligned with a mas and going for them and the demo democrats andd it don't end it and work with the trump administration to fix the problems of abuse and rather than trying to fight them. going to put sunshine on the grants going from aid and epa and others and none of them passing public muster if the press were able at least independent press able to get ahold of them. david: getting to this quickly and doj dropping major adams going for them all political and a lot of republicans are saying it's political and indict him going for the biden administration and immigration

policies and a fair thing that doj is now doing in dropping that case against adams? >> absolutely. biden justice department went after major adams and imposing immigration and career officials and career prosecutors and sdny got a civicking lesson and they work for deputy attorney general and works for the attorney general who works for the president. david: got to leave it there, gentlemen. julian and mike, thank you for being here. appreciate it. coming up, nearly $2 trillion in revenue for president trump's 2017 tax cuts so why are people still claiming extending them will cost trillions more. we're going to be talking about that with former cbo director douglas holtz-eakin when kudlow continues.

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>> extending current law costs you money and ridiculous argument and ridiculous the entire time and at the federal level, the issue is spending. mandatory spending out of control, discretionary spending out of control. we should look at tax policy and neutral and going for them with them going to be permanent. david: congressman byron donalds pointing out the obvious

question, how could extending trump's 2017 tax bill, when is brought in extra $1.6 trillion in revenue cost $4.7 trillion over ten years. joining me to settle this ridiculous argument is douglas holtz-eakin and former director and used to publish the monthly reports and i love these things and giving you the details and hard to argue with the figures that come in and at 48% increase in tax receipts since 2017. that's more than twice the rate of inflation during that time period. how can they claim that extending those tax cuts will cost $4.5 trillion? >> well, this is just the latest episode in long standing discontent i've had with the framers of the budget act of 19

19746789 they've built into the whole budget procedure of bias towards spending. any spending program going to be authorized and it's assumed to be continued in the baseline and it's going to be immortality and spending programs never die and tax provisions die, they don't go away and asymmetry between tax and spending and vivid example of it right now. this is why it matters. in reconciliation, which is what republicans will use this year, if you create a budget deficit beyond the 10 year window and budget reconciliation and it's much, much harder and 4.5 off the bat when the tax cuts and jobs are getting extended as a result we'll have less permanent policy and powerful growth policy and we need the most pro growth reform we can get. david: there was a line that maybe was david copper field and some dickens novel and the law

said that the law is an ass. it's absolutely counter to the figures that have come in. these are not, these are not prospects of what might happen and what really did happen that we made that much money from the tax rate cuts because it generated so much more economic activity and more people were working and paying taxes and that's why more money came in and by the way, some of those tax -- new tax cuts that trump want are very pro growth as well and like the cutting of taxes on tips, on overtime pay, et cetera. that would generate more income as people were more anxious to work. >> well, i think you're better read than i am. there's two things i know from experience. number one, substantively the problem is the big mandatory spending problems. over the next ten years, social security and medicare more than

one-half of all interest spending and going up now and that's a huge problem. the second is the rules of the game are rigged for more spending and time to change the rule sos both parties when they're in power, don't just think about what they like but play by the rules and they're even between the spending side and tax side of the budget. that's what we ought to focus on. david: by the way, some of that mandatory spending for social security and medicare, medicaid is being looked at by doge. it is, i mean for years we've known and even 60 minutes i remember wants to report years ago when they did real reporting about fraud and medicare and medicaid and coming up with figures like at least -- it was like average of 15% wasted and through waste and fraud that was spent every year. that adds up to billions and billions maybe trillions over the next four years.

>> it's been widely understood. medicaid and after expansion for obama care. >> sure. most of the spend sergeant spending that congress authorized and going for them to design and watch it to happen and going to take on the programs and change their architecture and change the architecture of the welfare state and slow growth in the programs. that's the goal. it's not a massive cut and slower growth and going for the economy and going to talk about it. david: spending during covid era and by both republican and democratic administration. one in particular that i have and the job of one of the jobs of omb is trying to do some forensic accounting by where money goes and doesn't show up for him when it's supposed to. there was $189 billion in covid

emergency spending that went through -- to education. k through 12 education. whatever happened to that? it clearly didn't positively affect the test scores and test scores going to be plummeting the more money we spend on this. >> i would say this about omb and one thing we find out about the doge process is that omb has a lot of doge in it and every year they propose with a lot of program cancellations and rescissions and know what happens? nothing. maybe this year will be different. and that would be a good thing because it is understood that programs aren't working and duplicative and needs eliminated and going to get down done david: going for the crush fund and epa and only got five seconds. >> no. david: really? won't happen? all right. >> if if it's out the door, it's out the door.

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investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. david: and that does it for kudlow tonight. thank you so much for watching. we hope you had a good president's day, and look whose in line for the next hour, to take you through it all? our own elizabeth macdonald. what a pleasure to see you, liz. liz: good to see you david. you sure earned your paycheck there. that was a good show. we've got news coming in welcome to the "evening edit" i'm elizabet