there is many, many more times expensive than clean natural gas. 25 stories 70 stories tall. three ships to ship them. it is crazy. >> martha: just a quick thought on the other side of that with the blades on the whales your reaction to that comment? >> it is true. some of the blades broke apart they are made of fiberglass, particles of fiberglass in the ocean. it is unbelievable these are awful projects and it will cost people of fortune. rates will go up tremendously. >> martha: thank you very much good to have you with us. a tough story to watch. that is the story for this thursday january 16th. has always the story goes on i will see you back here tomorrow at 3:00 eastern.

>> donald trump's marquee issues front and center today. his pick for treasury sounds the alarm on what will happen to american taxpayers without trump relief. senate republicans take a major step to ensuring he can take day one action at the southern border. hello welcome everybody i sandra smith this is "your world". more on that action in a moment. but first hillary vaughn is following this part of the story for us on capitol hill. >> high, sandra. trump a pick for secretary defended trump tax cuts today saying that ultimately if the trump tax cuts were allowed to expire the results would be a mass of middle-class tax hike. he also said this is a pass or fail mission and if the tax cuts were to expire failure could mean economic calamity.

he also warned congress that they're spending is out of control and that is part of the reason he decided to leave his private life or politics also so young that the government does not have a money problem they have a spending problem. >> is there any billionaire rich enough for you to support a tax cuts going forward? >> i think it is unwise to single out any. >> rich people. >> any individual. you have three people on top. mr. elon musk musk, mr. jeff bezos, mr. zuckerberg, almost worth a trillion dollars the three billionaires who you listed. >> they made the money themselves. >> many concerns that americans would end up picking up the tab for trump tariff plans. making the point that biden kept all of trump

tariffs in place but would bide and did not do was enforce the purchase agreements with china that required china to buy more american goods, china did not follow through. the biden administration did not do anything with that. he says that deal, if enforced, would mean a big deal for farmers, which would see china purchasing billions of dollars more of their products. he also pushed back on the idea that biden's billions in clean energy would help the u.s. compete with china has some democrats urged him today not to rule those tax credits back. >> it will be good for china because we are in an arms race and clean energy with them. or you going to be on the side of people who want to unravel this? >> china will build 100 new coal plants this year, there is not a clean energy race, there is an energy race. >> some common ground found today. senator bernie sanders say yankee does back trump idea to calf credit card interest

rates and senator elizabeth warren says that she likes the idea on the credit limit. she says that she and trump are quote, singing from the same him no. >> martha: live on capitol hill for a salary, thank you. finance committee ron johnson will be joining us later this hour. but first to the early push on the border. i senate republicans take steps to ensure president-elect donald trump can take day one action. the latest on capitol hill for us. >> no surprise president-elect trump plans to fix our broken border system taking center stage at head of the inauguration. homeland security holding its first policy hearing on that remaining? sickle policy. supporters say it works very effectively during the first trump administration. a key republican says it would be helpful going forward. >> this will absolutely guarantee that human

trafficking will decline, that violence with cartels will decline. that smuggling fentanyl will decline to. >> oversaw border policy in the first trump administration said the focus will shift from facilitating what he calls the invasion under the biden administration to protecting the border. >> the real success of programs like the remaining mexico program is not just that they screen out fake asylum-seekers, but that they help deter illegal aliens from coming in the first place. >> some democrats are not sold on remaining -- remain in mexico but top democrats say there is bipartisan support for addressing the overall issue. >> there was overall agreement we have to have strong borders we have to use whatever tools are available to do that. >> tomorrow trump homeland security nominee kristi noem will be here on capitol hill for her confirmation hearing.

her administration looks to fix the situation at our border. >> sandra: mike emanuel out of capitol hill for us. thank you. to a key member of that committee on where he sees this going. senator rick scott's. thank you very much for being here. how confident are you that there will be day one action when president-elect trump takes office? >> i do not think there will be any question the border will be close the day trump takes office. he will do it through his executive orders. biden order -- opened the border, trump will close the border. he does need help, it will take dollars to eliminate the terrorists and the criminals and the traffickers coming to our country. that will take money we will have to fund that. we will have to find places to hold these individuals before they are sent out of the country. here is what i do not understand. if mexico does not want to help us secure our

border why are we still doing trade with them? why are we allowing them to sell products into our country if they intentionally allow fentanyl to come into our country, of criminals to come into our country, terrorists to come into our country. that is exactly what they are doing. we have to hold the government of mexico accountable for allowing that to happen in our country it hurts american citizens. >> sandra: on one hand i hear you say you are confident president trump will take day one action but on the other hand you say it will take money to follow through on a lot of these promises. or you talking deportation start day one? are the resources to follow through with that immediately? >> we will need more border patrol agents, we will need more i.c.e. agents, we will need people to focus on making sure that terrorists and criminals and narcotic traffickers don't enter our country. would bide and on the democrats did, by the way and a democrat that

says they are committed to a secure border where have they been the last four years? where? where have they been? they are all with the open border allowing anybody terrorists it, traffickers, criminals. so it will take resources we will make sure that gets done. >> sandra: i just wonder what happens with some of the sanctuary cities and his sanctuary states where there is not a lot of communication with local law enforcement at the federal level. officials that can do something about this. i was just interviewing a fire chief out of california who was talking about the massive looting problem that is happening now and they have arrested some of these individuals. i asked him if they were in the country legally he said he could not answer that question because they do not ask. how will that change? >> first off the number 1 way it can change that every american worried about their safety, their children safety, their

neighbor safety, stop electing people that don't care about their safety. stop electing people that say they don't care about your safety. when you have a sanctuary city what you were saying to the public is that you do not care about how safety public's. they do not care about you. so the key will be we have to elect better people. people that care about americans and our safety that is number 1. there are things the federal government can do to hold them accountable but it starts with you. if you do not care about your neighborhood it is your fault. if you would like to mayor that says i will let everybody in and ruin your neighborhood what are you thinking? stop electing these people who do not care about you. >> sandra: obviously this was an election at the presidential level that was a vote for change. on that front we are seeing some of president-elect trump nominees go through the confirmation process including the confirmation hearing for dhs secretary christine gnome.

i believe some people had to get done that is probably not the case and we will see this happen. what you want to hear from her? >> she is a great nominee she is a fellow governor she knows exactly what the policies have done to affect her state. i will be there i'm on the committee i look forward to hearing from her. here is what she would do she will enforce the law. she will say my job is to keep americans safe. that is what she is going to do every day. she is not going to say i am worried about this i am worried about that you have a simple job. if you were the secretary of homeland security keep all americans safe. i do not want terrorists, criminals, narcotic traffickers, any of those people in this country. i want my family and your family to be safe that is what she would do. >> sandra: ron desantis picking ... to fill rhonda rubio's former seat? what do think of that

choice? okay. i think we lost the senator. well we got that far. we will certainly have him back on. this of course as they pick on the part of the government after marco rubio is a nominee for the trump administration. now this to israel and whether or not that delicate cease-fire deal with hamas is holding or on traveling. the parents of one hostage are here. first tray is live in tel aviv for us. >> good afternoon some political infighting in israel and claims that hamas is moving the goal post. the cease-fire agreement is on stable ground we will have more after the mylo rewbreak. of your hand. with every purchase, all members earn point toward mylowes's money. get free gifts to bring home, member deals to get more projects done and free standard shipping. start earning for free with mylowe's rewards today. most people don't realize

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♪ ♪ >> the bottom line is getting the deal getting the hostages home, getting the war to end, getting both president-elect trump and certainly president biden share that goal and both their teams share that outcome. >> sandra: it sounds like you were giving the president-elect's team a lot of credit for getting this deal over the credit -- finish line. >> we are not focused on credit we focus -- approach this as one team. trying to get americans back home with their

families and that is what matters. >> sandra: president biden and president-elect trump may be on board with the hostage deal for the two negotiating parties may not be totally on board. we will speak with israeli ambassador to the u.n. in just a moment. but first a reporter live in tel aviv. the very latest. >> good afternoon this time yesterday there was a cease-fire and hostage agreement. with president biden and president-elect trump commenting on the agreement but we woke up this morning with a statement from the israeli prime minister's office saying income loss is going back on some of the agreements laid out. hamas denies this as well as some of the sources we have talked with close to mediations. but as we move forward there are questions about the internal political situation here in israel because tonight there was a surprise announcement from israel's national security minister who said that he would leave the coalition if this

deal moves forward. he would take with him anywhere from six to seven seats in israel's version of the pentagon. this would weaken benjamin netanyahu's power in indirect -- israel and push back the voting in the cabinet as it relates to the cease-fire agreement. there is a clear disconnect right now between what these israeli ministers want and what is on the table as it relates to this deal. u.s. secretary of state it -- antony blinken spoke about the agreement saying this. >> requires among other things ending the conflict in gaza which we are now on the verge of doing as a result of everything we have put into this. an agreement that president biden put forward. put forward before the world in me and got the entire world to endorse. >> while there is no agreement signed yet we do anticipate this will move forward, and israeli team is reportedly headed to cairo they will speak with the egyptians about how to actually implement the deal but there is still this

question about what the israeli government believes this deal it will be. will it be an end to the war in gaza against hamas or will it be a pause in the fighting? >> sandra: thank you very much for all of that. let's get right to those questions with israeli ambassador to do you and danny. on where things stand right now how about that? how does israel see the steal? is it an end to the war if it goes through completely? or is it just a pause in the fighting? >> we are committed to bringing back all of the hostages. hopefully next week we will have free hostages coming back to their home. children, babies, women, under tremendous suffering, cultural starvation and assaults. so we're doing our best to bring them back home. that will be the first stage. during the first stage we will be able to negotiate the future.

but if you ask me about the vision first we bring them home, all of the hostages, and then we will not allow hamas to control gaza. because we know with hamas stays there there will be no future for the palestinians. >> sandra: ambassador, maybe you can answer this question because we were following this minute-by-minute yesterday afternoon. as the reports were emerging that a cease-fire deal had been reached you than had the white house a president biden was coming out to talk, then we had president trump also posting a statement celebrating the news a cease-fire. but then the israeli prime minister benjamin netanyahu put out a statement sort of pumping the brakes saying hold on we are still finalizing this deal. how does the israeli prime minister see this right now? is there still some details? what are they hashing got behind-the-scenes?

>> the major issue they will finalize. unfortunately the hamas side to blackmail if they get more resourceful they will sign it just some of the things. i believe we will be able to overcome these difficulties, pushing on every negotiation. but on the main points we will include and finalize it. >> sandra: so ambassador, please to share with us how optimistic you are that this will get final approval and this will be seen all the way through to the end of? >> there were two stages. first we have to complete how do we finalize. we have a theory and then they are negotiating final points. then there is an agreement with the israeli government to come to a halt. i believe the government will support the proposal of the

prime minister and we will get a majority for that. beginning of next week hopefully we will be able to see some of the hostages coming home. >> sandra: possibly sunday we will start to see that happen, you believe? >> sunday or monday but the beginning of the week. >> sandra: we know that the red line was drawn with the incoming administration with the inauguration quickly approaching we will see how this all plays out ambassador, thank you so much for your time. >> thank you. >> sandra: the parents of israeli american hostage... calling this a deal with the devil but support a compromise. they hope for the return of their son's body so he can be very properly. these parents are joining us now welcome to both of you. for so many of us who have been watching and following your story we can only imagine how you feel in this moment. please do share with us your thoughts. >> it is a tough moment on the one hand we are

very we are happy and excited for the families that will hopefully get to see their loved ones after such a long time. it has been over a year since the previous release and this is long overdue. we have been advocating for this fiercely for such a long time and of course for us it is unfortunate that we received the news a month and a half ago that he was killed on october seventh. obviously we were devastated and this is something we will have to deal with. even after receiving that news he is still not home. auntie has not been since october seventh. so we are looking forward to beginning this deal finally and pushing through through all of the phases. because omer is not

expected to be brought back in the first phase. we need to make sure he is brought back and that he receives a respectful burial. >> sandra: we are looking at beautiful pictures of your son and your family and we agree with you and we are so sorry for everything that your family has gone through. how are you doing and what are your thoughts in this moment? >> it is tough. we have been going back and forth to israel, to washington, i believe we have met with national security advisor 17, 18 times. we saw hundreds of congressmen and senators. we have so much of support here in the united states and around the world. so many people pray yet we had to deal with our own private loss. our son omer was they had a small post next to gaza periods job was to

protect the villages around gaza in a very peaceful quiet early morning rushed to the border as a first responder together with his team and met the most vicious terrorist group that took him after they killed us some of his team members. they took him alive and he died in gaza as far as we are told. and holding his body ever since. who does that? all major agents are against holding bodies. using bodies as our negotiation chip and we are just appalled from the whole situation. obviously praising the incoming trump administration for joining all of the efforts that were down by the bride that administration leading to this moment where the deal is finally announced yesterday.

but it is a very bittersweet deal because it is fragile, as long as we will see our son only in the upcoming stages, not in the first one. we must make sure that we hold everybody accountable to moving between the stages and making them as short as possible, negotiate right now about the second and third stages, and making sure that all of the 98 hostages including our beloved son will return home. we can give him a proper burial. >> sandra: or you optimistic that they are going to follow through on this? and bring your son home? your son's body home? >> we have been in touch with the buy did administration for this holy year and we have only been able to see traction in the past few weeks on this deal with in the incoming

president-elect trump and his team engaging in the process and assisting the biden team. we are really hopeful that this new administration will be able to bring the deal to fruition and will have enough gravitas to put on the different parties of the region to follow through on it. we trust president trump that this is important to him and that he will make sure that this happens. >> sandra: our hearts and thoughts and prayers are constantly with you all in all of the families of the hostages and we pray with you thank you very much for coming on. >> thank you. at the inoculation we will be wearing the families yellow scarves and we will be there to make sure that this issue is not forgotten and we are hoping to get the support from the crowd, from the media, and of course the

upcoming administration. thank you so much. >> sandra: we will be there and see you there. thank you very much. we will be right back. it says... i see you. i feel you. and...i know you. gold bond. get in touch with irresistibly touchable skin. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. check in time is 3:00 it's 2:55. i know. is this what he's doing now? as your host, i have some rules.

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>> sandra: biden and trump teams may have worked together on the gaza deal but biden's farewell address will serve to further part the nationve.. we are back in 60 seconds. seventy-nine ninety-five. i think you might be color blind. i think you're missing the point — hummm. right. okay. now follow my finger without turning your head. uhumm. no, just follow with your eyes. —uhumm. —okay. i don't think you understand what i'm asking. i don't think you know how owls work. get two pairs of glasses and an eye exam for just $79.95 or two pairs of progressives and an exam for $149.95 at america's best. elmer>> most nutritional supplements contain no more than 12 minerals. your body needs 60! immuno 150 provides 70 minerals and 80 additional nutrients.

order online or call 888-316-2224. that is their question. and nobody knows shoppers better than shopify. the undisputed, undefeated, checkout champion of the world. businesses that want to win, win with shopify. >> sandra: while los angeles briefs easier with red flags warnings lifted the palisades and eaton fire continues to impact dozens of displaced residents who are wondering when evacuation orders will be lifted. to matt finn he is in altadena he has the very latest. >> people across the lake county have been asking when they can return home. it has already been more than a week and sadly when people do get back onto their property many will find it seems like this.

today the l.a. county sheriff says it will be at least another week until most people can return home to their property. right now law enforcement and search and rescue crews are conducting the painstaking task of coming through more than 10,000 structures that have been burned in the altadena and palisades area. at least three dozen people are still reported missing. our crews have also seen teams flagging pools and basements so people do not follow through. >> the properties have been damaged beyond belief. they are full of sediment and debris and salt and hazardous materials. >> here in altadena we talked and 98 year old irene and her son. they were able to see their property and they tell us not even a fork survived. here is irene and her son.

>> we're praying and hoping we can find a way to get her house back together again. that will be a lot of prayers. >> sandra, and the distance you may be able to make coast mountains this is where the eaton fire is believed to have originated. there is a lot of loose soil. officials are warning that if rain does come through anytime soon we are looking at potential mudslides. >> sandra: always looking for what may be next. as firefighters plug away getting an inside look at firefighting with one of the hand crews on the ground. he has the very latest on to more on what is happening there. hello, max. >> we are in the santa monica mountains this is very steep and rugged terrain and it

can only be accessible by hand crews. you can see them right behind me as they are digging this line. this is how they are able to surround the fire with the perimeter where the fire can't burn past. you might be seeing some vegetation around us that pink is fire retardant dropped from the air firefighters. we have a wild fire battalion chief bob simmons. what are we looking at right now? >> so we have the fire retardant we have big flames coming through on the fire front. they will dampen those flames down. all different hand tools. removing all organic material. so when the fire stops we will continue to come in day after day and deep clean the lines. pick up all of the little groups.

and then the firefighters will come within 100 feet and breakthrough the moment of defeat that may be anywhere near this blind. >> chief, we have hiked it down with your guys an agent is steep. my hats are off to you because you guys are doing some fantastic work here. california chief bob simmons. the good news the fire is currently 22% contained. firefighters have been able to keep it at just under 24,000 acres. >> sandra: incredible work they are all doing there and thank much. you can help with families impacted by the california wildfires visit go.fox/redcross to support these efforts. scan the qr code on your screen. working away there. back to washington where the trump team is striking a tone of optimism with a lot of work ahead. but the president

biden's farewell address strike a very different tome -- tone? we will debated. at the forefront of american's concerns at? how fast can trump's top money man attack it. ron johnson is here. are you suffering from bladder and bowel leaks? it's time to take control and talk to a physician specialist about axonics therapy. you can even try it first to see if it works for you. call this number today. stop suffering in silence.

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and for kenadie to get treatment here without having to pay anything was amazing. >> sandra: americans optimistic about the trump transition. president biden stroke a very -- struck a very different tone when he spoke last night. dark and divisive. axios reporter hans nichols. how would you describe it? >> the president definitely did not strike that joe biden optimistic about america's future tone we have gotten used to. he was a lot darker then his typical address from the oval office which is to say that i think he took this as an

opportunity to show his disappointment and the fact they lost in november, to show his disappointment with how he thinks the direction the country is going. to talk about the specific warnings which is unchecked power for the super wealthy, giving a nod to elon musk his participation on the trump team. he also gave warnings about misinformation and disinformation, a lack of fact-checking. giving a nod to mark zuckerberg decision to not fact-check. without naming names definitely we heard from the former president to the former president air his grievances about the things he has seen but it did strike that negative tone that definitely was different than what we were used to. i think that was his way of showing i will say what i feel like i need to say on my way out because it is my last opportunity. >> some of what we heard from president of biden and his address last

night. >> we stand back and forth in the period of storm, to stand the test of time. a constant struggle. a short distance featuring peril and possibility. what i believe is the america of our dreams is always closer than we think. >> sandra: what should the american public take away from that address? >> biden is concerned, he is worried, he wants to share it. a lot of president biden's speeches his seminal speeches whether or not it was on the eve of the midterm elections, union station, back lit with those red lights. they have always harped on sort of the darker possibilities for the american public. now all presidential speeches usually have two or three themes and this one biden tried to marry a little bit of optimism which i thought was a lot more up -- negativity and pessimism. presidents think they got it perfect and had

the right fuel and oxygen mix. i think has -- history will tell whether or not biden was to die were or maybe not dour enough. that is the debate happening to the democratic party right now. >> sandra: days away from inauguration the popularity of the president-elect seems to be blowing up with a lot of momentum behind him. >> i think this moment has just been a continuation from election day where we saw people turning to president-elect trump to feel better about the future of this country, the future of the economy, the future of the wars abroad. they trust that trump will make a difference. i think that optimism is continue we could to inauguration day that is why we are seeing approval rating so high. we will see what happens on day one he has made a lot of promises about what he will be doing on day one. with immigration, the economy, energy and culture issues.

we will see how americans feel after some of those and if they are ready to see if what he does with the economy and if it is up to the reasons why they voted for him. >> there was no doubt he hit the ground running after election day and made it very clear where he was going with his team. 52% of those responding in our fox news poll link approve of the transition. what do you make of it? >> that is significant anytime you are about 50 that is a very strong sign. we will wait to see what the official gallup numbers are. what is surprising to points above 50, i don't want to make it seem like a huge deal, but we live in such polarized times. trump had a slight edge and pulls leading up to the election but rarely above the 50% mark. that to me a psychologically interesting and we will see if he will be able to follow through with that the first hundred days executive orders we have been reporting on day one and big issues donald trump wants to

tackle but nobody is just abusive any notion inside the trump transition soon to be white house they have some big tasks ahead of them and they will need are not -- a lot of support from senators on capitol hill and the support side to enact a lasting agenda. >> sandra: you look at where he is with the approval of his transition versus the same time in 2017 after his 2016 victory. 15 points above his approval rating then where he stands now that is significant to your point. thank you. to the push to tackle inflation. how quickly can president-elect trump get that done? hear are what two of his top cabinet picks or make of that and what they are saying today. thanks to skyrizi, i saw dramatically clearer skin. and many even achieved 100% clear skin. don't use if allergic. serious allergic reactions, increased infections, or lowered ability to fight them may occur. before treatment, get checked for infections and tb.

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>> sandra: to capitol hill and the trump cabinet taking shape. his pick for interior secretary doug burgum facing questions from a senate panel today as he looks to be part of american energy independence to lower prices for consumers. live in washington he has the latest for us. >> interior secretary doug burgum fielded

questions today. a major part of that job is producing energy on public land. he says the bear gets a place confidence in the trump administration to achieve energy dominance and maintains that with the government restricts energy production in the united states it does not reduce the bag it shifts production to countries like russia, venezuela, at the rod. he warned the country needs the energy especially given the demands of artificial intelligence. >> electricity is that the grid electricity the grid is completely unstable at this point. we could be months away from skyrocketing prices for americans. of course as we talked about in the ai arms race we need electricity for manufacturing. >> he also testified he is mindful about conservation. many democrats say they are worried about the trump administration abandoning biden's clean

energy policies. >> you don't support the credits for electric vehicles? that is something he would support the administration repealing? >> i support economics and markets and if you add up the electric vehicle told the usos that is over $900 per ton of steel avoided. and in north dakota we could give you liquid fuel with zero carbon in it for 60 bucks. so we are doing that today with biofuels. >> a source close to him since the former governor run into treasury secretary know many outside his senate building this afternoon after their respective confirmation hearings. he reported before the senate findings committee, congratulating each other and chatted for a bit. >> sandra: we will have a little bit more on that coming got. thank you. economic calamity, a warning from trump's top money man a warning about americans are about americans are facing with those tax cuts. senate finance committee

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♪ ♪ >> if we do not renew and extend, then we will be facing an economic calamity, and as always with financial instability, that falls on the middle and working-class people. we will see a gigantic

middle-class tax increase. >> sandra: quite a warning there. president-elect donald trump's top moneyman looking for confirmation and then for congress to take swift action on renewing trump's tax cuts. to a member of the senate finance committee whose question scott bessent today in that hearing, wisconsin republican senator ron johnson. welcome to you, senator. so were any of your concerns about leading our way through those tax cuts, were your concerns addressed? >> well, first of all, i had no concerns come i'm a big supporter of scott. i think all of trump nominees have been doing wonderful in their confirmation hearings. they are intelligent. they are showing himself to be knowledgeable, unflappable, very pleasant, as democrats are being pretty shrill and nasty to the nominees, so no, scott did a great job. we are in complete agreement. i met with him, i have been texting back and forth with showing we need to return to some measure of pre-pandemic spending. we spent $4.4 trillion in 2019,

last five years we have averaged $6.5 trillion -- that is more than a 50% increase. that is unjustified. it's unsustainable. i think we're on the same page. i have all the confidence in the world in scott. >> sandra: some concern democrats shared was a concern for the deficit. the committee forfeits responsible federal deficit budget, if we do see the extension of the 2017 tax cuts, this would increase the nl debt by more than $4 trillion over the next ten years. are you concerned about that? >> democrats are not concerned about deficits. let me tell you about cbo scoring. after the passing of the tax jobs act, estimated declining revenue $1.5 trillion over ten years. and seven years, we have had increased revenue $1.7 trillion. already played for it plus $200 billion in seven years with this severe covid recession. now they are saying to extend

part of the -- $4.6 trillion? i don't believe it. they can justify that. all the rules are stacked, scoring stacked against returning americans' hard-earned money to them, letting them keep it come all toward bigger spending. we've got to break that cycle. >> sandra: are you confident these will get extended? bessent said this is a pass/fail, we have to renew and extend these or else. he's morning of economic calamity. >> obviously we don't want any tax increases. that is table stakes. there is no way we're going to have a massive automatic tax increase in 2026. i would like to take the sign and simplify and rationalize our tax code while we are doing that, preventing a massive tax increase, but in the end all we can really do, we can't agree on supplication deals, we will just extend the current tax law, do it rather simply. >> sandra: are you on board with the tariffs? >> listen, i have concerns.

but i also liked his explanation of the three reasons for imposing them, and i've got an open mind, so let's see how president trump uses them in negotiation to raise revenue, as certainly the way to discipline people who aren't following trade rules. we will see. use them great with mexico in terms of his remaining mexico policy which secured the border, so listen president trump into a pretty good job negotiating so i've got an open mind. i have my concerns but i have an open mind. >> sandra: the economy obviously, as we saw all the way through the election cycle, this was a huge part of the momentum and enthusiasm and energy behind president trump. now that he has been elected into office and he will take office this coming week, what is your forecast for the american economy? what will the impact be of his policies? >> i think the most important thing he will do is stop adding to the regulatory burden and reduce it. that is the most significant thing he did in his first term.

tax cuts were important, as well. the fact businesses can obviously concentrate on their products, their consumers, their employees themselves, that frees him up, not having to look over his shoulder, what regulation to have to follow from the federal government to keep me out of jail? that is liberating. if we can extend the current tax law or simplify and rationalize it and make it permanent, that provides enormous stability, which will also really spur economic growth. listen, i'm optimistic. president trump is for the private-sector, so is scott and a lot of people serving in the administration. >> sandra: senator kim always appreciate chatting with you. thank you so much, sir. >> sandra: have a great evening. along with john roberts come i'm sandra smith, and for now here is "the five." ♪ ♪ >> jesse: hello, everybody. i'm jesse watters along with katie pavlich,