[laughter] >> i'm going to buy jonas a self -driving scooter for christmas. dagen: and a helmet and some insurance. >> i don't need it. neil now. president trump: if congress sends me a bill before christmas , the irs, this is just out, this is breaking news, has just confirmed that americans will see lower taxes and bigger paychecks beginning in february. just two short months from now. >> [applause] neil: say it again mr. president say it again. christmas miracle is turning into a new year bonus that could happen, hi everyone i'm neil cavuto. the president very confident the tax reform bill will land on his desk by christmas and that will give americans bigger paychecks maybe as soon as february, so can it really happen that fast to charles payne, charlie

gasparino, so long with ben stein and adam adam lashinsky. kennedy is off this week once she heard gasparino is here this week. not true not true at all. >> she didn't want to come back. neil: so lauren what do you think of that he's saying the irs has to do these timetables and everything else but yes it's doable february the net changes can already be in there. >> and the irs has said that early february. it could be possible. it's tax time. i know, it's very unpopular right now when we talk about this tax cut that could happen. it could be our christmas gift but i think we're also experiencing a sea change something that we haven't seen before. look at the latest numbers from just this week, retail sales on an annual basis up almost 6% so consumers are confident without seeing a tax cut. small businesses looking at the second highest number. neil: that could keep the window >> yes, so we are seeing improvements without that tax reform so should we get it? we could see benefits by

february. i'm saying yes. neil: charles payne? >> i agree and think the cycle has already begun. i don't know if we will get it in february. neil: the president just said he said that. he's not denying that. charles: but he's also going off reports too so we'll both use that report. neil: oh, okay. charles: but the bottom line is. neil: that's like saying the irs would target groups. charles: sure but i agree 100% with lauren. the rules of the economy are moving people are feeling better retail sales are up confidence is up and in part because people anticipate getting more in their paycheck or at least keeping more in their paycheck. neil: gasparino? >> i think what the president left out is some people get a massive tax increase and i think that's going to be a problem for the economy. let's be clear. neil: you talk about those who live in high tax states like you >> let's be real clear here neil poor people and working class people don't pay a lot of federal income tax. neil: quick side note they do watch the show. >> i want to remind you if they think they are going to get rich

if donald trump was handing them a billion dollars from trump tower--neil: we'll have to see that. >> it's going to be very marginal for them and then middle class people in high tax states are going to be homes. neil: adam what do you think of that you're in a pricey neck of the woods. >> indeed. charlie is exactly right and by the way, what happens with people's paychecks won't necessarily be the final say. what's more important for the people charlie's talking about is when they file their tax returns next year. they may or may not be seeing a tax decrease. they probably won't. neil: actually filing their returns the year after next so the delayed effect will be there i'm wondering if it's too late. >> even if it's good. neil: to help republicans just thinking politically in the midterms. >> there's no doubt if your paycheck is your paycheck is higher, you're going to feel better about that you might spend a little more money. things are definitely moving in

the right direction. they have been for about eight years by the way. neil: oh, okay. so ben stein, what do you make of this and what people do? it's obvious what you see what you net in your check and obviously the benefits of the corporate tax cut that you have had for some time, then what? >> ben: well i think people will see the benefits of the corporate tax cut immediately and are already seeing it in the skyrocketing stock market and that benefits everyone even people who don't have stock directly through their ira's, pension plans, children's university endowments all a big benefit but what i keep noticing is nobody pays any attention to the deficit. nobody pays any attention at all simply just wished it out of existence. it's not going to go away and and eventually i little live to see it but my granddaughter whose a beautiful wonderful little girl will live to see this country go through bankruptcy and i'm scared. >> hopefully ben if we get 3.5% growth it will go away.

neil: this is ben's granddaughter i don't think she needs it. >> his granddaughter? neil: france has got the double doppler gdp of latin america. >> 3.5% gdp growth helps pay down. neil: charlie that's a big jump. a hell of a big jump. >> but lately it moves around three. charles: this is the third consecutive quarter of 3%, in fact 3.3% growth. >> ben: we all love the irs as a man whose being audited for the last year we all love the irs. >> i agree. >> ben: they're the nicest people in the world. >> i agree i've been saying that for years. neil: sure. lauren you've got to start seeing bang for the buck but we're already seeing a lot so it's going to be a hard act to top right? >> it's not only the good thing we're talking about the national deficit but also the personal deficit. we're not saving a lot of money right now. we are spending it and we could be getting ourselves good for the economy i know two-thirds of

economic activity is consumer spending but--neil: adam lashinsky, he is one of the cheapest people i know. he is saving every single penny. when the world does that adam will be there and say right here >> he's reinvesting his apple dividends. >> i'm a good saver and also the only person probably on the program who enjoys paying my taxes. i did just --neil: oh, come on. you always say they have a line if you want to give extra you fill that out, right? >> no, i do not, but ben said no one is talking about the deficit the republicans talked about the deficit and they decided that they didn't care. they decided charlie was right oh, we're going to grow our way out of it. neil: just like the democrats before both parties failed on this, right? >> the democrats are worse. >> ben: very much so. they're never going to reign in spending. we could be on this show for a

thousand years god bless us all, and they're never going to reign in spending just not going to happen. neil: well they had a tough time curtailing the growth. >> ben: absolutely right. >> hipocracy aside though there is a big difference between treading water, adam, which we did for eight years and the type of acceleration and the type of enthusiasm that we're seeing in our economy, in our stock market and on main street you must admit that. the evidence is there and i think that's inspection as we know a virtue us cycle. it could be done with money printing but can be done the way it's being done right now and it is infectious and doesn't go away overnight. the only thing i'd say is let's be real clear. the obama economy flirted. neil: wasn't she being clear before? >> no, you're not because here is why. the obama economy as much as i dislike his economic policy flirted with 3% growth a few times and it fell back and one thing i will tell you with stock

buybacks, with cutting the corporate tax rate. that's going to stimulate a lot of stock buybacks. it may be good for the market. neil: wouldn't that be. charles: but this year? >> that's for a lot of reasons but let me tell you something. charles: including the thing called earnings. topline growth is rocking. >> how are we going to put people to work and increase their wages? do that by investing in plant and equipment. charles: they're starting to do that. >> with regulations. neil: lauren? >> we do that also with de regulation. the president's goal for next year is for every new regulation they will pullback three, so it's better than they heard this year. neil: i heard that too like we'll take one, two, then three. let me see you do it. >> okay, so i can tell you so far in 2017, we said we have had three new regulations. neil: come on. >> three new regulations and 67 have been pulled back.

>> so why are all these factories opening up? charles: on friday, look at the data though. empire state report look at that it came out friday. look at that industrial production numbers. neil: it's fabulous. charles: they're moving in the right direction. you don't go from one to a hundred overnight. i know that but here is the bottom line. so manufacturing that's where it was in the 70s. charles: of course not. neil: all right all right may i remind you gentlemen it's the holidays. >> [laughter] >> all i'm saying is it's moving in a way it hasn't moved in years and that's something we will applaud. neil: we have never had an argument like this about topline growth. whatever that is. charles: [laughter] >> maybe i'm missing the numbers here another thing i'm missing wasn't it improving under obama lately? neil: yes, it was. absolutely. neil: there you go.

charles: no, no, no. neil: each can take a bow. in the meantime terror attacks in new york city in less than two months and they both may have been avoided by having one immigration system based ontoing more than merit. so says the president, so says the president wants to do something about it now, after this. >> today on forbes on fox calls for robert mueller to disband his special council after reports of agents talking about trying to prevent donald trump from becoming president. well now someone here says we should just ban all taxpayer funded special councils for good plus a new study showing major bias from major news networks this could be the one that prove s it beyond a reasonable doubt. we'll see you soon. the real gift isn't what's inside the box. it's what's inside the person who opens it. give ancestrydna, the only dna test that can trace your origins to over 150 ethnic regions.

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(vo) purchase $999 or more coat helzberg diamondsx. and get an xbox one s, with 3 months of xbox game pass and xbox live gold. at helzberg diamonds. while supplies last. >> live from america's news headquarters in washington good saturday morning i'm leland vittert. president trump calling cindy mccain the wife of the arizona senator checking in on his status, senator mccain is at walter reed medical center dealing with side effects from his cancer treatment. the republican senator was diagnosed earlier with an

aggressive form of brain cancer. a tribute to our nations fallen heros, volunteers placing wreath s at every tomb stone in arlington national cemetery as they honor those who wore the uniform and gave us the freedoms we have today. it's an annual tradition carried out by the groups wreaths across america. that tradition goes back 26 years. you can help out online, wreaths across america.org. meantime i'm leland vittert we'll break in when there's more news now back to cavuto on business. neil: well authorities are still investigating what could have been a fatal terror attack in the new york city subway station the attacker a 27 year old manure heard from bangladesh entered through the u.s. through something called chain migration that is large on families and president trump says this is why he wants more of a merit based system.

charles this one you say the president is right. explain. charles: i looked at canada they changed their immigration system a few years ago to a merit-based system that includes education. neil: in other words what you can bring to the country. charles: what you can bring to the country and there is also a slice in there if you get 10 points for the ability to fit in if you have relatives here that helps, there rather that helps a lot and i think about how fewer incidents there have been vis-a-vis terrorism and things like that but also let's face it we're a nation built on immigration but also a nation where we populated it and i think at this point if we want to stay number one in the world we need to bring in as much talent as possible and also people who are going to be pledging allegiance to our country as soon as they step foot on it. neil: ben stein what do you think of what the president is saying you come to the united states with the understanding you're going to bring something to the united states. ben: i love the idea. personally, i don't understand why we're having any immigration at all at this point, except for agricultural workers, but how are they going to do merit-based

immigration or give everybody the immigration boards, give everyone the immigration act's? how are they going to judge merit? it's a very slippery thing. charles: and establish around the world including canada already that will be easy to mimick i think ben. neil: that might be. ben: okay if you think so but i look at canada i don't see canada being the united states of america. i just don't see how it can be done but if you could explain it to me. neil: what's the quick side note ben we also have canadian viewer s so lauren you hear that. what do you think of what the president wants to do because this system has produced some things. >> we have had two terror incidents in new york recently. the halloween terrorists who came here through the diversity visa program, a lottery basically, and then a few weeks later we had a terrorists the subway bomber come in because he was the nephew of a u.s. citizen , that is chain or family migration. the president wants to do something called the race act where it would be merit-based if

you're the parents of someone cannot come in so basically for spouses and children and that makes more sense to me because at a certain point you've got to draw the line and also you can't come in because you're a nephew. you're coming in here because you have a job a skill an education. >> you can come in because you're a nephew. >> yeah, that's excessive. you should be proud to come to the u.s. and entitled to come in because you're a never use. >> neil this is no more about immigration than timothy mcveigh about being americans. these crazy people will do crazy things. we have to keep being a nation of immigrants and family ties. charles: but adam they've saying what about smart immigration, not even about terrorists. >> great idea. neil: but how do you know when he came here seven years ago the bangladesh guy, as far as i remember, charlie gasparino, he was fine. he became radicalized years later so how do you police that

no matter what system you use. >> you can't. >> you're right and here is why i would bet 100% on this. you can see it's very easy to see how a phd from bangladesh might be a terrorists. it happens they get radicalized there in colleges just because they're smart and could add something to our system doesn't mean they won't come here and blow themselves up. i agree with ben. we need an immigration system for people that we need to employ. if it's not architecture, it's got to be almost zero. we don't need manufacturing. we don't need people. charles: there are a lot of industries saying they can't fill their jobs. neil: but how do you weed out the dangers or those who could become there. that's no way to do that. >> the only way to weed them out is to have more aggress off law enforcement. it doesn't allow the new york city police, let me make this point. neil: very quick. >> mayor deblasio does not allow police to go inside mosques. neil: talking about the mayor of new york city. what do you think of that adam?

>> we children, great grandchildren of immigrants should not sort of change the way america behaves. >> why? >> because it's what makes america america. >> my parents came here because they needed people to work on roads and bridges and manufacturing plants. >> and because your grandparents needed some place to go as well. >> and they've setup businesses. >> they would have went to argentina if we didn't have an industrial revolution in the u.s.. charles: right now charlie would be yelling at you in spanish. neil: yeah. what are the odds there's someone like you? >> there is a lot of italians in argentina. neil: yelling and screaming. sure all right in the meantime, one u.s. company telling its workers you don't have to wait until pay day to get paid but someone here says they could pay a big price if they do. [vo] when it comes to investing,

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and do your thing. neil: getting paid as you go. wal-mart announcing this week that workers can get some of their pay before pay day. it is supposed to help them with their budgets but charles you worry it's going to wreck those budgets? charles: well, i'm worried about some of these workers who mesa because it and wal-mart is looking out for someone who always needs their check two

weeks before, and have some sort of counseling or red flags but it's a good gesture particularly in times like ahead of the holidays. >> it's a nice thing but structurally it's hard for companies to do this. companies don't get all their money all at once and give it out. they have to borrow and issue short-term debt. maybe if wal-mart does but not every company. neil: lauren? >> i think the point of this is so that this type of consumer doesn't go into a very expensive pay day loan but unfortunately i think the message is for wal-mart. pay your workers more money and maybe with a more friendly tax code they will. minimum wage at wal-mart is $9 what is it 11 or 13 at target and costco? neil: they got more, ben stein what do you make of that? ben: i think the point that was just made about the pay day loans is brilliant. pay day loans are very very valuable tool but incredibly expensive if wal-mart can do anything to steer people away from them they're doing an enormous service. neil: adam what do you think of this idea? >> it's a good idea.

it started with some of the apps like uber, where companies started up and said we'll pay your drivers before uber will. it's good for the workers to get cash in their pockets and wal-mart did raise wages aggress every. neil: less than i've ever heard compliment. >> i love wal-mart. neil: do you think this is going to spread though other companies will do this? >> i hope so it's good but i just wonder if they technically can do it. do they have the money on hand, i mean wal-mart is a huge company but some smaller company publics they all have to do this neil: and lauren it's hard for them to do right? >> and also the idea of instant gratification. i need my money now yes sometimes you do but you also need to learn how to budget and live off of that budget. neil: you know, there's just an evil tone. charlie i want to thank you, lauren great having you again.

>> thank you. neil: may the force be with your wallet. we're not talking at all about the new star wars flick which by the way i'm getting tired of this whole light sabre nonsense stop it. we are talking about our stock jedi blockbuster fix right after this.

heather: who would hook up with a company that puts things like that out. blockbuster stocks the bigger than star wars. >> vanguard total stock market, the global economy doing well,

not just the us. >> spiders as always. heather: the are you outside that? >> with berkshire hathaway. heather: we have stocks. in response to being told he is where he is to protect the country from that menace, donald trump, he said i can protect our country at many levels. >> in andy's office. there is a break, no way trump gets elected. i want to believe that. he said that in a meeting it andrew, mccabe's office, but i'm afraid we can't take that risk. >> the justice department under