larry: hello, folks. welcome to kudlow, i'm l arry kudlow. so elon musk is president trump's high-tech enforcer. trump is put tax cuts on the front burner with one big beautiful bill.

biden student loan cancelations are dead in water, doge teams are free to roam the government, and ukraine's zelenskyy better mind his p's and q's, we have steve forbes and liz mcdonald to join us on set, we have lara trump and emily compagno and caroline downey. first up fox news peter doocy live at the white house, i hope you are having fun there. reporter: i think so. we'll watch down in the booth, after this. and i hope you talk with some guests about this doge dividend, there are -- a suggest that elon musk said will talk to donald trump about, they could cut doge dividend checks with money they find that they are not spending. the doge dividend could be worth up to $5,000 for tax

paying households if they can recoup original 2 trillion, donald trump said he could get half way there. >> how much do you believe, you have identified in waste, fraud apuc abuse and corruption now. >> i think -- >> 1%. because, it is so massive. it is huge money, huge money. >> 1%? >> just got start good as they are, they will not find a contract that was crooked as hell. what is found, i think he will find a trillion dollars. reporter: democratic critics accuse doi doge of distracting people from a different issue. >> none is addressing issue. american voters minds, inflation, it has gone up, price of eggs is up. and trump administration is

doing nothing about housing or groceries. reporter: democrats in mo minority are not doe anything in house or senate either, lawsuit are slowing but not stopping doge, president trump claims is uncovering massive fraud at social security administration. >> over a hundred years old, there are 4 million people, i don't know too many, i know people doing great in their 90s, not many over a hundred. reporter: president trump also going to ledges to avoid potential conflict of interest with elon musk, his ownership of sp spacex would disqualify him from doing anything with president trump's space policy. larry: are tax payers about to get doge dividend

checks? how about a check. elon musk federal audit of waste, fraud abuse and corruption could net2 trillion in budget savings, and thinking about turning 20% to taxpayers, he has not raised it with trump it might come to 5,000 a head. might incentivize people to go back to work. become taxpayers, to get their doge dividend. you can check elon musk about this is twitter x, it did not come up in sean hannity interview last night, a. whole thrust of that interview was about disempowers unelected permanent bureaucracy and reempowers american voters and taxpayers, as should be the case in a democracy, i like the part where elon musk called himself trump's tech support, let me quote

from it, one of the biggest functions of doge team is just making sure from presidentiali executive orders are actually carried out, a lot of presidents in past have talk period taxpayers -- talked about taxpayers saving government wide audit. nobody had elon musk's jet fuel power to drive home a true transformation. we have seen the doge team tear through treasury department social security administration and usaid among others. last night president trump posted a new executive order to expand his control over the alphabet agencies, like sec, that includes to purge all manner of d.e.i. from government roles, elon and his young time will be

formidable enforcers of trump policies, i don't think why republican budget committees don't just score 2 trillion of doge related savings over next 10 years, senator crapo reminded us many times, whole budget recon process includes a provision that budget committee create their own baselines, they are not beholden to congressional budget office, cbo has to conform to the budget committees not the other way. and in this way,i extending trump tax cuts should be a natural endeavor, cost-free as permanent policy, the tax cuts raise a ton of revenues over their 7 year life. which brings me to another wonderful d development. he did not mention it last night, this morning, president trump announced on truth social, the house

resolution implements my full america first agenda, everything, not just parts of it we need both chambers to pass the house budget to kick-start the reconciliation process and move all our priorities to concept one big beautiful bill. where have you heard that before? >> that means, that tax cuts, so important to the new republican working class coalition, to ignite the next blue collar boom, the tax cuts are now moved from the back burner to the front burner. so you know, folks, it is time to get cooking. that is the riff. okay. joining me now to talk about this steve forbes, elizabeth macdonald host of "the evening edit" here on fabulous fox business. so, kids welcome. great to see you.

on set, liz, what did you think of the hannity show. >> i loved it, cooking with gasoline, right? larry: we can't figure out a final line. >> it was fine. i love hannity interview it was fantastic. and you know when you see the bureaucracy as it is, democrats keep saying dr trump and doge are a threat to democracy, they mean a threat to their bureaucracy, i testified twice for congress about irs reform. abuse of tax payers, i said at the time, remember charly wrangle. he was on ways and means. larry: a friend of mine. >> a friend of yours, i won't go too rough. i was working for i think steve at the time, i said, you know, what about a flat tax? he said quote, flat tax will never deliver the revenues we need or want, that sense

of entitlement they protect their own bureaucracy. they don't work for america. >> yeah. >> americans work for them. that is what i think is so refreshing to see doge and trump tro trying to dynamite that. >> together, no one will tear them part. that was clear from hannity interview. steph forbes, it is important, elon musk said, as a tech expert. he called himself, something, he will be the enforcer of the trump policies, we never had a thing, a huge figure, a genius and he will be there, not going away. and he is assembled a team of young geniuses to help him, this is fire power it is transformative fire power but i ask you. >> i think they hit to last night. in sense it is one thing for president trump to give an executive order, or pass

legislation, get it done through bureaucracy. franklin radios roosevelt when he was in government said it was like punching a pillow. i also love how musk hits, bureaucracy versus democracy. and apropos of our riff, house budget committee came up with 4.5 trillion number, which is ridiculous, how about 6 .5 trillion and take care of rate cuts. you have your virtual deduction. and in7 incentivize the

economy. larry: crapo, a harvard lawyer, from idaho, he said to me, he has given interviews about it. it is a permanent policy baseline, it does not need to be scored again. the trump tax cuts. point two. it is the budget committees who have legal authorize to create their own baseline. >> right. larry: cbo has to react to them. >> how did that -- right, how did that get hijacked. larry: people are not smart. >> they are not, so, it is -- i love this trump is laying down the law. you know this whole thing 'firing government workers. clinton fired 377 thousand government workers, backing up. larry: i did not know that. >> i have been inside so many irs offices and service centers they feel that democrats ne fiddle with

tax code year after year, it makes their life harder, when you talk about what is proper baseline, what is proper numbers, i am not sure, the cbohas not been reliable. larry: no they are way off the mark. continuously, you get is more spending and higher taxes. >> right. larry: steve forbes. you and i have been talking about the regulatory state or socialism now for 4 years since biden came in to power, last night trump signed an importance executive order putting alphalphabet agencies on notice. they are presidential appointees, and their actions are subject to the review by the president in the white house. this is something elon musk wants to back up. this is a whole new attitude, c changing

power structure in washington. away from unelected bureaucrats and their staffs, and a are appointed by the president. and back toward the executive and his pro priorities. >> thing about independent agency has been a constitutional question for a century and a half, since they started it in 1880s, they should have control over it if they created it constitution said that executive branch has control over, that this is president that is hiring and firing personnel, you can imagine ceo of a company not able to hire and fire personnel. this is the beginning of a challenge, they may lose initial court challenges but sets pace for a big one in supreme court, i think you will see a change in how the washington operates. including the independent agencies. who are they accountable to. larry: can we run the tape.

elon musk on trump's tech support. >> tech support, i am here to provide president with technology support, president will make the executive order, they are sensible, but they don't get implemented. this is violation of presidential executive order. it needs to stop. a pig fa -- big function of doge team making sure they are carried out. larry: implemented, carried out. i call it enforcer. this is new stuff, and i think it is good stuff. liz. >> it is, you uc berkeley will be a tough road. this is the sea-change that trump and musk have been delivering to dc, it has been needed for so long, 60% to 70% of top agencies are

democrat r run. they have run dc for generations, they are trying to overturn it with common sense thinking. larry: i like it a lot, i love thain tear view, i think -- i like that interview, they are together, trump and musk. there is no wedge. they have a common mission. and they will change the dc swamp, i think steve forbes, at this, including the truth social he wants one big beautiful bill, that puts tax cuts back on front burner. i will say pro growth, counter inflationary, lower taxes, lower regulation, lower spending, drill, baby, drill, also would be a part of this. i see it as more growth, less inflation. >> well, it a nice repeat,

hopefully a bigger repeat of early 1980s, where you were involved. larry: when we came in. >> you want to it off with dollar stable. reagan could not get a standard, but linking dollar bond to a gold, as you have suggested. first one. that means we'll start -- >> not like we have not been talking about it for 40 years. >> now is the time it will happen. you get, that you have the ingredients for 5% real growth, su sustainable. >> this never gets old. >> on the projection, 1. 8% growth, the cbo uses. >> how about 3.5. >> republicans in house and senate baske sense -- senate budget have to be more aggressive. get with elon musk program. steve forbes, elizabeth macdonald, we'll see you later, "the evening edit" with liz, weekdays 5 eastern

right here on fabulous fox business, i will happened hand show to her, we appreciate you. >> thank you. >> coming on kudlow, senate, listen, to president trump rallying cry for one big beautiful bill? and will ukraine's zelenskyy take the hint and stop attacking trump's peace talks with russia? okay, he better mind h his -- p's and q's, we'll talk about this is senator ted cruz. all that and more w kudlow returns. i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses

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we're building an integrated in-home wifi solution for millions of families like my own. in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. larry: joining me now welcome senator texas senator ted cruz from great state of texas. welcome, sir. first, what did you make of the hannity interview last night with the president and elon musk? i'm sure you saw it? >> i think the president and elon musk are a potent team, i'm plaid they are both -- glad they are good friends, i know them well, it is good for america, the two of them have become such close friends, and close partners, you look at elon musk ethe richest man on face of

planet, he could to anything that he wanted, including any of his companies but he is come to work for american people for free. and bringing his talents to taking on sprawling government spending out of control waste, and i have to say every day, what doge is uncovering is it breath taking, i am grateful for it. >> seems -- elon's own words, he is high-tech assistance but also he will be the implementer or enforcer of trump's policies particular his executive orders, throughout the government. and i think that is the most powerful jet fuel enforcer in history of presidential politics. >> well, i think elon musk is very much a change agent. you know. he is, you think about 8 billion people on planet

earth, if you assu assume intelligence is test bu-- a built curve, you spent time with him, he does not just think outside of the box, he doesn't know there is a box. i will say, it is incredible asset to president trump to have someone like elon musk willing to dive in night and day, and pour his talentses into fighting for president trump's agenda. i'll say that there a lot of democracies and folks in corporate media who are desperate to drive a wedge between trump and elon musk, they are doing everything they can to create friction, and as far as i can tell, they have been a failure, the two are working hand in hand rkd tha, that is good for america. larry: senator ted cruz, president trump on truth social one big beautiful

bill, he likes the house, he said we don't need the senate bill. what is your take? this has a familiar ring, we may have talked about it. the fact is, we don't need another senate bill we have a house bill with everything in it, it is what president wants can you give him what he wants? >> well i tell you what, you and i and president on the same page. we want to succeed in delivering on our promises failure is not an option, that is true whether one bill or two. as i told you there continue to be real risks in house of failure of a huge bill with a tiny margin for error. i will tell you. senate perspective is, we need to have duel tracks, and options to make sure we get this done. today at lunch we had vice president jd vance join us, we had a robust discussion

with vice president, and john thune who laid out senate will continue to precede with the budget resolution, we have in front of us to ensure there is a path to deliver number one, to secure border, and rebuild military, and to unleash american energy. and number 4, something we care about, to extend the 2017 tax cuts and make them bigger and boulder. we have to get that done, that means we need every avenue to get to that. larry: senator cruz, 2 or their bills t puts tax cut on box burner -- back burner, companies and comid and middle income folks will feel they are on the back burner, you got elected but did not keep that promise, this is the risk you are making if you don't put that tax cut in first this is the risk. by the by it puts a freeze on all kinds of businesses investment spending i think that stock market will

would, disappointed. >> so, larry there is no republican in senate or house who wants to see a 4 trillion dal ar tax increase kick in. that is not happening. but you know well, that process of negotiating tax bill will take months. there are a lot of trade offs, they'd off the not just idea logical but between p big businesses and little businesses. what you don't want to see, is house try to do everything at once in a giant enchilida and collapse. >> it might collapse. you will never get more than one bite of the apple in the house, we all know that. i said this first segment. senator crapo, keeps saying it to peep, extending tax cut is neutral act.

a policy baseline. it is current baseline. budget committees have right to creation their over baseline, y'all -- in short, you are making it harder or making s sound harder than it needs to be. >> larry, i love you, and we found only topic on earth we disagree on. i think mike crapo is right. and it is real simple, democrats argue, have to say that maintaining the current tax law, the 2017 tax cuttings cost 4.5 trillion that is fiction that makes it harder to get it accomplished. that is the path that senate will take, it will current policy. the democrats always do this

for spending, and they have the field tilted in favor of fmore spending and higher taxes if is backyards. larry: let me move on. ukraine's zelenskyy. president trump today really give him a shot across the bow. stop talking back, stop under mining trump's peace affords with putin. and we'll include ukraine and others as well. just stop, he called him a dictator. and said, martial law, he could not win an election. what do you make of this? what do you think about that? >> well, number one it was clear when trump campaigned throughout last year, that he was campaigning among other things on ending the war in ukraine. war in ukraine was caused by joe biden's weakness, his weakness as commander in

chief, by joe biden's waving sanction on nord stream 2 gas pipeline from russia to germany. i authored those sanctions, and putin stopped building nord stream 2 pipeline the day that trump signed by sanction legislation to law biden caused that war, trump campaign saying he would end the war, i have been clear, we will see this war end, it will end in first half of this year. i think president is trying to negotiate that resolution, my hope is that a resolution where war ends and a clear and indisputable loss for putin and russia, that the outcome that i want to see, that is good for america, i will say, i don't think that president zelenskyy is doing himself any favors, by running tou european press and attacking president trump, we know president trump well, that is a strategy that almost designed in a lab to

produce outcome. he needs too recalibrate his approach. larry: senator ted cruz from great state of texas, one great big great senator. >> on kudlow, are young smart g gen-z americans joining new trump republican party, we'll talk about it with l last lara trump on set, next up, kudlow is available as a podcast, on spotify, apple and fox business podcast.com. one big beautiful podcast. yeah. -i'm mara. -hi. apparently progressive lets homeowners and renters bundle with their auto policy. 24/7 protection for all of my...things.

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premiers saturday, 9 p.m. eastern on fox news, grade to have you. >> thank you. larry: i'm bumping in sound. from the interview last night between president and elon musk. take a listen. >> he is an amazing person, he is also a carrying 5 person he attracts young very smart time of person and they lot of country. larry: i want to ask you, as former successful campaign manager rnc co-chair. this is new republican party. young, successful, young, president won youth vote. this is new for republicans. last guy was reagan back then, i was there for then i'm not wrong any -- y2k any young any more, i think musk attracts this support, your thoughts? >> i think it 100% accurate,

we saw great change in voting blocs this election, base of republican party expand in a way to your point not since days of reagan. and it is because people are so happy, i think to have someone, first who brings common sense to table and addresses their issues, luke look at that youth vote number one issue was economy, you it had kamala harris not giving a way shy wohe would fix it. and with elon musk people would never have been involved. or leaned left, who are now looking at donald trump, and you have people like mark zuckerberg, and jeff bezos, they were at inauguration. i think thaty is -- i think that is a great thing.

larry: it was not there 4 or 8 years ago, a different game, your father-in-law has changed g.o.p. and i reckon he will keep it. i thought elon musk, not really a political by, even though he has become a political figure taking some heat, elon musk is important to this story. important to this coalition. it is important to attracting kinds of people you just mentioned. >> iar, and not only that, but people who are working on behalf of the country, are those people because of elon musk, best and brightest, team at doge, i think we can be honest say our country could not exist as we had been going with the debt with the amount of money we were spending on wasteful causes, things toen to apply to americans, we didn't go on like -- condition go on like, that -- we can't go on like that we had to address this this is the beauty of what happening, the people on

team doge are able to do that and we should be so grateful to all of them. i am grateful, i know democrats are in his hysterics, that traditionaly tells you, you are towing something right. >> a sign of approval, they are break down doors even judge chutkan, capitulated said they can go in into the agencies, that is a very important victory. another federal judge said no student loan cancellations of joe biden are not permissible. this -- everything is changing all of a sudden. everything is going the president's way. >> i think has been to talk about it all as one idea. it is really a culture shift. i feel we've seen, you know i have said it to my father-in-law for years, i don't know that culture

shift would have been possible had he served 8 consecutive years at president, i that people needed 4 years of joe biden and kamala harris, their lunacy and ineptness at overing they it and the way they took country in the wrong direction, in comes donald trump, a different donald trump, not same from 2016 he has learned so much, he is so good at this job of being president, executing it like the ceo of america. it is because of that, it feels different. we're hopeful again, the young people are onboard, it is cool now, to be a conservative, a republican. >> i think you are right. and i think that every time he talks about promises made, and promises kept, and he keeping doing stuff, he is very ene -- energetic. that is what he is doing that attracts young people,

they like that stuff. >> they love a trump dance, they love the ymca pres trump dance, when you impact culture the way he has, you know, you go down the streets here in new york city, and you see in store front windows there are mannequins doing the trump dance, you know that something has shifted. it is all good, i think that best part we're reaping benefits be as american people, and not a moment too soon or finally back, we're respected we have pride it will be great. larry: lara trump show, tell us. >> called my view with lara trump saturday, premier, i'll be on every saturday at 9 p.m., new cycle is so busy, i wanted to take a moment to dive deeper in get more personal with people who work alongside trump. to make the great changes, that is what you will see when you come there, every saturday 9 p.m. larry: a lot of people from the a administration.

>> yes. larry: dig deeper. >> deep dives, and behind the scenes it my view. larry: i said you to months ago, you went to rnc make sure, election day, don't let people them steal it, you didn't,. >> all trumps keep their word. larry: i'll sign on to that, lara trump, tune in, saturday 9 p.m., eastern thank you lara. >> coming up, how does elon musk have the time to run doge? emily compagno and caroline downey will be here on set, thank you, lara. i'm thinking of updating my kitchen... —yeah? —yes! ...this year, we are finally updating our kitchen... ...doing subway tile in an ivory, or eggshell...

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the astronauts postponed to a ridiculous degree. larry: he did you a lot more. and his great job on audit of federal government, joining us caroline downey. and emily compagno. co-host of out numbered on fox news. can i say, musk is doing a great job, a couple weeks uncovering a lot of fraud and corruption, a lot more where that came from, downsizing federal government, and endings bureaucracy. but, tesla, spacex, starlink, twi twitter x, his a.i. program and neurolink, joe biden left ought astronauts in outer

space. this is inhumane, how is musk doing this and a fine job in federal government and attracting hundreds of young high iq people. >> i think, that goes to h hallmark of his j genius. the brilliant mind and the way to execute it, it reminds me of synergy, between federal government, cia, and u.s. air force in early 50s in race for pace and cold war. land collaborated with air force and cia and ce kelly johnson, for before techcongress it bill, the government understood irrespective of where you were employees the genius

could be found anywhere. they are found in cutting edge industries, could provide value. that synergy that is being harnessed. >> caroline downey, he had early successes. he look z under a appreciate scandal with so mu social security administration. people slightly older than i at 135 years old are alive and getting social security checks. almost 5 trillion at treasury department. no one knows where wires go. it may be on the level but it may be a snafu, and usaid, and a lot more. he is doing this stuff, while that stuff. that we went through, i think that is extinguish. >> he w wears many hats,

he got a judicial v victory today. larry: he can go anywheres in the government. reporter: i think fundamentally democrat outrage is more hysterical by the day. federalist 47, james mad madison said definition offertyranny. that is the fourth branch of government we have tried to curtail for years. no one made a dent, elon musk is that mind that could try to do it i think he is making headway. this is un there will be rogue actor that try to make trouble with trump, spending we en know where it has been, this is when elon musk

is bringing to the table. applying his private sector experience at twitter he slashed 80% of workforce who was not pulling their weight. larry: there is no space, no wedge, they went out of their way last night, no wedge. >> that is palpable, this is also a s unlike last administration that tried to manufacture a relationship between president biden and kamala harris, we saw through that. bwe have two guys with a relationship with one recognizing he is there to execute vi executive order, the. thing o -- the will of the people. larry: elon taking heat for trump that is important. i think trump is enjoying that.

>> all this rhetoric with he is king. st trying to displays you, i think that trump knows, he is not buying it. larry: he does not need any more. >> elon musk is find being his second in commanding and not elected but a relationship with trump. he likes to follow his orders, and to will of the people. >> i was a federal attorney i worked to clean house. i went through by disciplinary actions and performance actions, weed out those wasting taxpayer dollars. every person was restored, and every person we had to fight national labor relations board, we were sued for everything. i am grateful to see that there is a huge momentum behind this. that finally instead of emptying ocean with a bucket

we can get fruits of thinning out of efficiency with money back in our pocket, and faith that our federal government is working on our behalf. larry: first really good audit in 50 years. i think that elon musk fire power has a lot to do with it, caroline downey, congestion pricing is dead. >> there is a free market case for congestion price, if you are in a high congested area, you impose a cost on those around you, it okay to tax you. you can take that revenue and that will be used to improve y roads, ya yada yada. >> you bet it is not. get rid of bike lanes, stop parking in middle of the street, safe manhattan, safe america, safe other places.

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