kevin hassett and mike falkander have something to say on that.ormer trump national security advisor on biden slipping the u.s. military. liz peek, caroline downey will watch senator bernie sanders go ba chris tick on capitol hill. -- ballistic. hilary vaughn live on capitol hill with all the powers that be. how are you doing. >> reporter: i'm still out of breath with all this chasing around i've been doing. right now senators are waiting for leader chuck schumer to figure out when and how he will bring this tiktok bill to the senate floor but ticktock's ceo is not waiting to figure out his fate. he is waiting here on capitol hill to take advantage of this limbo to lobby lawmakers his way. he met with senator john fetterman today. on his way in he talked with fox's asia haas any it is not possible to do what the house bill asks in the time frame he wants. he says ultimately tiktok will be banned. >> the bill is 12 pages long. we've looked at it. it is not feasible to do whatever the by thinks it does with the parameters in the bill. >> to divest t

kevin hassett, steve moore. terrific stuff. i will vamp a few minutes while we switch around because the great senator rand paul will be coming on from kentucky. he will continue this conversation by the way about raising taxes, lowering revenues, not cutting spending, why are deficits growing. why are we borrowing faster than we're growing the entire economy and is any of that ever going to change? i don't know that it is ever going to change. i don't think joe biden, maybe joe biden will try to tell us here is the aforementioned senator rand paul. we're quick change artists. sir, we're doing great. you probably don't need a microphone. do you think there will be any serious budget work done in 24 state of the union tonight in that message. >> only if it is talking about busting the budget further. larry: yes. >> won't be anybody talking about cutting spending. there won't be any fact we spend 6 trillion, bring in four 1/2 trillion. there is a little bit of a miss match. there is only talking about the tax revenue covers entit

, we love kevin hassett. down voter worries as fed officials warn u.s. inflation is still unacceptably high. the big debate breaking out if and when the fed will cut rates. plus, you're going to want to hear the latest on what the washington post is reporting on the president's head-scratching, curious, odd behavior behind the scenes. what the washington post found out is pretty stunging. but first, let's check in with our buddies dagen and sean to hear what they've got coming up on "the bottom line." sean: hey, ex--mac, we are going to razzle-dazzle this friday. we're going to talk about the state of america before joe biden talks about the state of the union. we have steve forbes to unpack that. dagen: and two left-wing squad members made a secret trip down to cuba because they love and lust after that communist power and control. jorge -- famous ufc fighter, love him so much, will be here. he is the son of a man who escaped communist cuba. and congressman james comer on why the holdup on delivering informa

biden. >> talk about this with mike faulkender, and now chief economist at afpi, and kevin hassett. or of the drift, stopping america's slide toward socialism, kevin, getting inflation down is not that easy when you are running budget that are sewing continues spend -- showing continued spending increases like this is no tomorrow. what do you make of these reports. not what joe biden dreamed of. >> right, it is obvious it was going to happen, you -- one thing i disagreed, you covered it unexpected increase we talked about how inflation is not u uncontrol, there is simple math and janet yellen denial, means she does not know, if gdp government spinning about 25% of gdp and goes up by 10%, if supply does not go up, prices go up by who . 5% to offset that. -- 2. 5% to offset that. i have been getting inflation right, the last couple of years with that simple numonic, the fact they are so denial in budget, they call for spending going up 70% search -- 7% this year, it is not going down. larry: mike faulkender, another problem that is developing for consumers and businesses, is energy pri

[laughter] kevin hassett you practically invented corporate tax cut.e study you just sent me some other new nbr study shows that worked everybody benefited from it. particularly work force, particularly wages, paid taxes revenue went up not down why do they want to raise the corporate tax which was so successful? >> the point is that the biden white house is all in on science denial so if you look at the latest economic science all that studied tax cuts and jobs act have been finding that it has made economic growth higher it made wages grow more, it increased capital spending and there are who else bunch of really detailed studies by nonpartisan guys at harvard or princeton places that aren't friendly to tax cuts that show this. but the most striking thing really is that tax revenue corporate tax revenue right now is about double what it was before the tax cuts. so the curve is so visible and so if president biden is going to raise the corporate tax rate, then what's going happen is revenues going to tank and when revenue tanks then what's going to ha

kevin hassett, the best of the best.fting gears right now, joining us is missouri senator eric. >> michigan mr. smith, welcome back. let's talk about this. you brought the lawsui missouri attorney general. i'm having trouble with my sigh -- sigh miss headache today. missouri v. biden, that was yours, i think. the idea is you want to prevent the biden administration or any administration from censoring private speech. freedom of speech. and we wanted you to talk some more about that. you're going to do it through the budget. but this is an extremely important supreme court case which didn't get such a great hearing the other day. >> well, what that a case brought to light, larry, you're right, when i was a.g., i filed it. it brought to lye light this behemoth, this leviathan of government agencies. this wasn't a one-off thing, this was a bunch of government agencies and actors coercing and and colluding with some of the biggest companies in the history of the world, these social media giant, to suppress speech, to take po

it is not the message, it is the policies, policies tax, spend could regulate go after big, kevin has hassettmulated trump tax cut with help of myself and larry, you know it was based on kevin a models when you cut business tax rates and make mor america more whcompetitive you bring more jobs in u.s., how is the world is interest to have a higher tax rate our businesses than china and russia. david: the other thing about that statement that biden came out work not true if it all went to rich corporation, 64.8% of tax payers received a tax cut. even "new york times" came out and admitted that in 2019, something that benefited the broad majority of americans. if they go back un, if they raise rates again, no matter how they do it the middle class will pay the piper. >> that is right. and you know, if you go back and look. business side, what president biden is going after was almost scored by joint tax committee of tax basis of revenue too natural. and right now -- neutral, right now corporate tack revenues are double ma what they were before tax cuts. what he calls tax cut for wealthy they wer

their policies are tax-and-spending regulate, to after big businesses, you know kevin hassett, the guy the help of myself and larry. it was based on kevin's models, when you cut business tax rates make america more competitive, you bring more jobs to the united states. that's what happened. and one last thing, how in the world is it america's business to have higher tax rate on our businesses than china and russia have? it's crazy. david: the other thing about biden's statement, kevin, it is not true. that it all went to the richest corporation. 64.8% of taxpayers received a tax cut. even "the new york times" admitted that in 2019. something that benefited the broad majority of americans. if they go back up, raise rates again no matter how they do it, it is middle class that will pay the piper, right? >> that's right. you know, if you go back and look the business side what president biden is going after was almost scored by the joint tax committee at a static basis as revenue neutral. they had braise broaden on international side where they cut the rate from 35 to 21. corporate tax re

art laffer they floated a few names to replace jay powell as fed chair they include kevin walsh, kevin hassettnow, you help put these names together, what is it that we want what do we need and the next fed chair? >> great to be with you, first you want to fed chair that is not going to allow the inflation rate to go up to 9.1% which is what happened in 2022 in the disaster for the economy in a disaster for middle-class families, we are still feeling the pain-and-suffering every time they go to the grocery store in the gas pump prices are up 20% is not the performance that we would expect from a good fed chair. you need somebody who is going to do a couple of things you need someone who will promote a strong economy where production because when you produce more goods and services, what happens to prices, they go down we need a fed chair who will be more skeptical of massive government spending and debt i would like to see the next fed chair bringing spending down in somebody who understands a whole supply-side approach of lower taxes and someone. jerome powell obviously has to go, we had a co

kevin hassett also a big deal the former council of economic chairman under donald j. trump. you. >> yeah, good to be back, neil. neil: what she's saying and obviously you heard that, kind of that trend is our friend argument that the economies improving, inflation is well off its highs. you've heard this before. what do you think? >> well, you and i have been talking about this for quite? time and even recently when january's number was a lot higher than markets thought but almost exactly what i've been talking about on your show for a while. then people are saying oh, well it was transitory but then we got a february number that was above that. then people said oh, well it's shelter but if you take food and shelter out, then in february, prices were up at a rate of six- tenths of a percent and you annualize that, then you're looking at north of 7% inflation is what's the super core read right now, and so goods inflation was deflating for a while and putting downward pressure on inflation but that stopped. service inflation is accelerating because wage inflation is five or s

kevin warsh and kevin hassett and arthur laffer. what are your thoughts about these men potentially to lead the fed and if they would distinctively turn it from where jay powell has been guiding the fed? >> well, you know, i would like to mouth the same thing the fed mouths. it's apolitical kind of thing. only one of the three whom i really know he is kevin warsh. i served with him for several years. the other two i don't know. let me say, i think jay powell is doing an excellent job as the chair of the fed. he is keeping the process apolitical. that's fundamental, i think, to the way a central bank has to operate. >> dennis lockhart, thank you for getting up early for us today. i appreciate that. >> thank you. >>> let's check on the top corporate stories with silvana henao who joins us. silvana. >> contessa, good morning. the biden administration is calling on the senate to move quickly on the bill to force tiktok's parent company to sell the social media company. the call by national security adviser john kirby comes after the sen

co-author, business digest, john carney, and former chair of the council of economic advisories, kevin hassett wohlers event, is governor and he was nominated by president trump, that he was brought to president trump by a guy named larry calvo you may have heard of and this piece, this basically said that while everybody down the name, he's inflation hawk this guy, is the revenge of the inflation hawk reason for betty was saying, you know the you had to have a recession in order to you know we had to have higher unemployment rate have inflation teresa know you can get inflation down and we haven't of jobs available so it won't increase in and he was rights was in the. kevin: i'm not so sure the fact is that inflation is down i'm sorry i just disagree will part of the team but the fact is, without inflation over the last few months has been accelerating rude and we also know that if you look back over the last 20 years of that inflation sometimes gives you look at had think in january so i'm just bought right now a little puzzling on inflation will ensure that is way above 2 percent and so the

reserve seeming is unlikely that jerome powell will be reappointed another the names mentioned kevin hassette former chair of the council of economic advisors art laffer, kevin warsh and economist during george w. bush administration. what do you think of those three individuals. >> president trump nominated the current federal reserve chairman jerome powell but as he would not want to confirm or nominate again these are three good folks who would be good nominees for the federal reserve that would do the right things when it comes to look at inflation price stability should be the key thing that the federal reserve should look at and only have control over others would be john taylor from the hoover institution with the taylor rule we need rolls in place for the federal reserve not just a discussion of higher inflation throughout the economy somebody's going to put in place what americans can expect and what the federal reserve will do overtime. >> another factor for donald trump the wrath against jerome powell he did think that donald trump did not like he started raising interest rates ea

former trump economic advisor kevin hassett is in the unique position to respond and joins us next.y? you should book an exam at america's best. america's best. they have one of the nation's largest groups of optometrists! oh, you're ... very welcome. america's best. because eye care is healthcare - and you deserve the best. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is personalized, -hey, john reese, jr. -how's your father doing? to help reach your goals with confidence. my sister's told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial. a perfect day for a family outing! shingles doesn't care. but shingrix protects. only shingrix is proven over 90% effective. shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not

among the names mentioned, by the way, kevin hassett, former chair of the economic council of advisorsnames kind enough to join us right now. are you interested in becoming chairman of the federal reserve? >> what type of comment? 20 years ago i would've loved it. the only time it could happen, neil, is if trump were elected which i think he will be. then you have about a year and half are for the comes up for appointment. by that time, i will be 854 years old. >> neil: [laughs] >> i will have great, great great, great grandchildren. i'm 83 right now. i think it's a little premature to talk about me being fed chairman. 20 years ago, neil, jumped right at that one but not today i don't think. i don't think it makes sense. >> neil: careful, my friend. 83 is the new 82. i'm just telling you. >> okay. >> neil: the age thing notwithstanding, you are one of the fittest, fastest people on your feet that i know. it's something in which you can have an enormous sway and influence. you've been critical in the federal reserve under different chairman in the past. if you were to entertain the job,

kevin warsh, kevin hassett. great names. john taylor. what a wonderful person.ws. larry could be the person. steve forbes, fantastic, steve would be a great fed chairman. there are all these wonderful people who would be in the running, in the mix. waller is one of the fed members now, he is also pretty good. charles: right. >> we have a long way to go before any decisions but isn't it fun talking about them? isn't it fun whispering the names. did you hear about this one? he might be -- that is what is so wonderful about politics. if you don't enjoy it, it will kill you. it will just make you crazy but when you get into these rumor mills and stuff it really gets exciting, fun and thrilling. i'm glad they're doing those types of stories. charles: talk about something not too far away. that is the next fed meeting. >> okay. charles: if you were on the fomc right now would you be looking to cut-rates sometime soon? >> you know i wouldn't be cutting rates at all to be honest. i let markets drive rates. i wouldn't drive them. as i talked about lots of times the fed s

i think kevin hassett did an excellent job heading up the council of economic advisers and continues he came up from morgan stanley, in mergers and acquisitions. that might come in very handy at the fed. it has in the past. >> he advises some pretty smart people in the investment community with what we're currently doing as well. he's definitely the most handsome of the three, becky. wouldn't you --? >> i don't know what you're talking about. >> art laffer is fine, and kevin is fine himself. judy, what do you think art laffer, since you do admire him and know how he thinks, what would he be doing right now? what would he be urging fed chair jay powell to do at this point in time? >> well, if you boil down the supply side formula, it is stable money and low taxes. i think he, as i would, and i don't mean to speak for art. i think the problem is the constant ratcheting up and ratcheting down. i would have started a bit earlier after we saw inflation in july of 2021 instead of waiting until march of 2022 for liftoff. but by december, 2022, when they got to 4.25 to 4.5, i would have stop

kevin warsh. laffer did not include the names. you know hassett who was in the last administration. laffer advised president reagan. the adviser considered other names that did not make the list was former world bank president david malpass and former fed judy shelton. she failed to win confirmation when she was no, minated. she is just too trumpy. i'm not sure what that means. i don't think it is -- it is a p pejorative. >> i don't know where to go with this. hot tpotato at 6:00 on a monday. >> did you see trump said something about the auto industry? spent two minutes talking about the auto industry. china comes here. mexico. if we don't do tariffs, auto industry is in trouble. this would be a bloodbath for the auto industry. that doesn't matter for anybody. >> if he is not elected. >> it doesn't matter. in this environment right now, i tell this story all the time. when we said we had president biden on or when he was running and he said i'm going to -- what are you going to be like, mr. biden? i'm going to be joe biden. every right wing news organization said that he said i'm go