the man who predicted such effects on this very show joining us now, grover norquist, americans for taxr, my daddy used to tell me, listen to the people who get it right and ignore the people who get it wrong. that is why we have you on here. other than that making the individual rates permanent, something that democrats were calling for, what does what does tax cut part 2 do? >> it makes it easy to for people to save free. it sets up efforts that the ira, education savings accounts can come together and be more portable, be larger, and allow to you save more tax-free for your retirement and for day-to-day expenditures, education expenditures. it will simplify and expand tax-free savings and increase total savings in the country. david: what is extraordinary, grover, forgive me for interrupting, democrats are criticizing this, these are more tax cuts for the wealthy. what you're describing are benefits for the average person. >> yes. there are certain lower taxes for people starting businesses investing in your small business, if you need to raise money for a small business venture. the

caller: hello, that is a white ford bronco driven by grover norquist.working my way through -- host: i don't hear you. go ahead, we can hear you. you are working your way through what? democracy inon since the 50's . the0's or the 40's with libertarians. i believe that if president obama was dismantling the government like president trump did, his nominee would have been approved. everyone would have loved him, -- theernment, government, i don't know what to call it, it complicated. it's a deep, historical book. democracy in chains. then't know the buzzwords, free speech, the far white -- far right thing they need free speech. james buchanan's nobel prize-winning theory of everyone acting in their own interest, for me, my interest in the government is making the world a better place. -- you get lost. it's complicated. , it seems likech a big conspiracy theory. but this is a shining moment, i believe. host: what would you like to pick up on stephen? >> libertarians and liberty people have a variety of issues from gun rights to corporate money. i think a

what will grover norquist say about that?next. ♪ a oser to my retirement days than i am my college days. hm. i'm thinking... will i have enough? should i change something? well, you're asking the right questions. i just want to know, am i gonna be okay? i know people who specialize in "am i going to be okay." i like that. you may need glasses though. yeah. schedule a complimentary goal planning session today with td ameritrade. when it comes to managing your type 2 diabetes, what matters to you? step up to the stage here. feeling good about that? let's see- most of you say lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit for adults who have type 2 diabetes and heart disease. jardiance significantly reduces the risk of dying from a cardiovascular event... ...and lowers a1c, with diet and exercise. let's give i

our rick santelli exchange for september of course, we go to rick santelli >> thanks, david grover from norquistbe with you >> i can remember after the reagan year and after the credit crisis, when we tank after capital gains, many times it is windfalls for treasury something is starting to happen with capital gains, tell us about it and it has to do with inflation. >> right now when you buy a house and stock and land or an individual company, you hold it for 10 or 20 or 30 or 40 years much of your gain that you pay capital gain taxes on is inflation. for individuals, 45% on average of your gain is really inflation. the secretary of treasury can by definition change the cost of the cost faces for capital gain taxation to historic cost plus inflation. the courts have ruled you can do this when the fcc did the same thing. the secretary knows he has authority. the question is how much avenue would it bring in? it would cut the capital gains tax in half and for older americans who held property orland or stock more than half every time we cut the capital gains tax, revenues flown in more than expect