larry: art, the other side is laffer curb, it has worked. -- laffer curve, it has worked, the cbo estimates from 2016 before the first trump tax cuts, then 2018 afterwards. point is, revenues have almost doubled from what the cbo suggests, there was no loss of revenues all bs, and steph moore and i have been talking about current services baseline to be current policy baseline, you don't score spending as no deficit impact but tax cuts having a deficit impact that is malarkey, that is absolute malarkey and the cedthe idaho senator crapo is right. >> you know, larry, you are right, i just love being on with you and grover and steve, and i wish that steve forbes were here too we would have the whole gaining together. you are right a tax cuts and jobs act pay for itself in first two years and increase in total federal revenues from prior two year was higher than prior two years to the two years prior to that. now we get the corporate tax revenues are up, this is is amazing they really work, people don't waste their time on high taxes, they just wait, when the break comes they take off. and als

art laffer is here, former reagan economist. steve moore is here, host of more money on wabc radio and he and art are co-authors of the trump economic miracle. welcome to all off. grover, give me 20 seconds, how is mr. malay doing? i met him at the mar-a-lago gala a month or so ago. give me 2 20 seconds. how is he doing? >> he's doing great. we talked for a half hour today. he's excited for everything moving forward, the drop in inflation while they're having growth. larry: you're going to link the peso to the dollar, going to dlarlize argentina. >> i think that's coming. we'll see. larry: okay. that's good. grover, we wanted you to come on because of your strong article ousuggesting the republicans cod lose control of the congress next year and damage the economy. grover norquist says republicans can kiss their house majority good-bye if they delay the trump tax cuts. as you may know, i'm inclined to agree with you on that point. we didn't hear about that from mr. trump today. what's your quick take on that one, grover? >> it's

. -- art laffer and scott hodge coming up next, stick t with kudlow. hi of athletes. and pass on the support my family gave me. i believe in sofi because they give the same support to millions of members. helping them bank, borrow, and invest for their future. ♪ because for most people, it's not about the lights— or the fame. ♪ it's about their ambitions. ♪ sofi. get your money right. when you're a small-business owner, your to-do list can be...a lot. ♪♪ super helpful. ♪♪ [ cheering ] what are invoices? progressive makes it easy to see if you can save money with a commercial auto quote online so you can get back to all your other to-dos. absolutely not. get a quote at progressivecommercial.com. david: president carter -- low growth and high taxes, but, he made strides toward common sense regarding deregulation that the doge team may want to look at, joining us now scott hodge. and art laffer, former reagan economist. and coauthor of the trump economic miracle. there were two appointments to talk about that carter made, one was paul volcker, fed chair, he worked with r

art laffer, which should come first?know but it looks like the new administration working with john thune in senate will keep tax cuts for a second reconciliation bill, first one will be about energy, and the border and the defense. so, there no telling if you will ever get a se second, reconciliation bill, you might be stuck holding that bag, what do you make of it art you, up in the air. >> i don't -- i don't think it is up in the ari think they will get both bills it will pass easily we have 53 senators now and control of house and president, i mean you have governors and state legislature it will go through, what i hope he does, energy first that is fine with me, drill, baby, drill that would be wonderful. but i would like to see it him modify the tax bill a little bit, by getting rate down to 15%. i would like him to extend the death taxic exemption a higher amount. those are there, if you want some -- if you want some write-offs to match it. you could get rid of some tax deductions for 501c threes. but, he is if fo

david: art laffer it sounds like you talking. he absolutely got it. do you think donald trump gets it after what he's seen during his first term? >> oh, you know, watching that clip almost made me cry to be honest with you, david. i miss the man so much. donald trump gets it. not only gets it. he probably gets it as well if not better than reagan. donald trump did not make the mistake in his first term of phasing in the tax cuts. he did a lot of other things such as transparency and medical pricing and all that stuff. it was just deregulation, so you know, when you look at donald trump, i honestly believe, and this is really true on economics and economics alone, that he was the single-best first term president in u.s. history. ronald reagan was great and in the second term, reagan the 86 tax act was spectacular but in the first term i think donald trump was the best-ever in u.s. history. david: well, we only got, actually we're already over time, scott, but i've gotta focus on what's going to happen now. there are a lot of people that want to delay t

david: art laffer you're a win, win, win, as well.at to see you have a wonderful merry christmas. >> merry christmas to you, sir. david: great to see you coming up house republicans need to get on the same page art laffer is on and pass the trump tax cuts without delay. we'll be talking about the political reality of all of this with congresswoman claudia tenney when kudlow continues. we now return to our interview with the insurance whistleblower. [ distorted ] i just think everyone should know there's an insurance company out there exposing other companies' rates so you can compare them and save. hmm. sounds like trouble. it's great, actually! it's called autoquote explorer from progressive. here, look! see, we show you our direct rates and their rates, even if we're not the lowest. so, whistleblower usually means you're exposing something bad. i thought it meant calling attention to something helpful. you know, like, toot toot, check it out! this thing's the best! no? (man) what if all i do for my type 2 diabetes isn't enough? or w

art laffer, which should come first?on't know exactly but looks like the new administration it it all expires and might be stuck holding that bag and what do you make of that. it's all up in the air. >> i don't think it's up in the air. they'll get those bills and we've got 53 senators and control of the house and president. you've got the governors and state legislatures and it will go through what i hope he does and energy first that's fine with me. and i'd like to see him modify the tax bill getting rate down to 15% and extend the death tax exception to make it a higher amount. huge driver and you want and you want drivers to match and if you do, get rid of tax de-conductions for 501c3s and it's a great way to get pay goes if you need them. he's got power and momentum and favorables. get the job done. larry: two issues here. larry: i call them the doge brothers and don't dance as well as blues brother but pretty good. a lot of good budget cuts and redoing the regulatory system, steve. there's that. i find it very risk

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art laffer the man who knows a lot about taxes, spending a deficit as well but he joins us next. (♪)ar, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com to go further, you need to be ready for what's down the road. as energy demand continues to rise, we're harnessing breakthrough innovations to increase production in the u.s. gulf of mexico. our latest deepwater development, anchor, produces previously inaccessible oil and natural gas, allowing us to deliver the energy we all need today so everyone can follow their own road. that's energy in progress. we now return to our interview with the insurance whistleblower. [ distorted ] i just think everyone should know there's an insurance company out there exposing other companies' rates so you can compare them and s

president and putting somebody like kevin wurster kevin hassett or art laffer somebody who will be anonetary policy. stuart: don't rock the vote, thank you for joining us we will see you soon. this weekend donald trump dominated on the world stage looking and acting like the president he is the one telling the world where america is going in the biden era is over that is my take top of the hour, trump announced a new administration picks he laid out his plans for the first 100 days, he is moving full steam ahead with his agenda. a report on that next. ♪ confident. measured. ready. the markets, like life, will turn and challenge us. but when emotions run high, we stay grounded. with the hcm buyline, we work to empower investors, in navigating market volatility and complex conditions. we provide a diverse portfolio with proprietary mutual funds and etfs aimed at growth and preservation. so you can invest with confidence. visit howard c.m. funds dot com. patients who have sensitive teeth but also want whiter teeth, they have to make a choice- one versus the other. new sensodyne clinical

we were on the laffer curve. you are right. we should use dynamics scoring but, what is that, more accurate scoring it takes into account the affect of policies you are put in place. and i i don't think that we -- i don't think we should be constrained, we should be big and bold, i would like to see a mention 5% gdp growth, in reagan fourth year in office, 1984, the gdp grew 7.2%, we can do that. and we have a mandate to do both. larry: you are right. i am pointing -- scott bessent is a cool headed start guy. he is on the right track. >> and a supply side ir. i fret a little bit, i'll tell you on the record, i fret, you think you will get two reconciliation bills good luck on that senator, you know it is not that easy. i remember back in 2017, first half of that year, was spend 3ing -- spent frfftrying to end obamacare that did not work well. i will say, people out there want to see take home pay go up. there are two ways to improve that. one, three-ways, one is better wages for growth, two is lower prices from less inflation,

joining me now laugher laffer tengler ceo and cio, nancy tengler are.t's great to see you on this final trading day of the year. always enjoy your comment tear concern commentary. a rough couple of days for the market, but the bigger picture, it's been the best two years in a quarter century for the market p. the market has exceeded not only your expectations, but many of those predictions we had one year ago? >> cheryl, thanks so much for having me, and it's good the see you on new year's eve. yes, i think it exceeded everyone's expectations. you saw the graph just coming in early days in the years saying target of s&p at a 4800 and then quickly spent the rest of the year revising upward. we may be a little bit ahead of ourselves, but early years in a bull market like we are right now and especially one that's driven so much by productivity-enhancing technologies, i think that we'll continue to see, as we kid the in the '90s, pretty strong returns for the next couple of years. cheryl: you know, nancy, you make the point -- and this is a good reminder f

side wins the intellectual arguments thanks to smart people like judy shelton, larry kudlow, art laffer history books, and they do. and they've written this fairy tale over and over and over again, and this is the start of the fairy tale. oh, joe biden was a great president. he took over a mess from donald trump which wasn't true, the economy was in full recovery when joe biden came in, and they won't talk about the average income of the average american income when biden was president whereas they rose about $6,000 for the average family when trump was prime minister that's why this is -- president. they control the narrative, and it's always been this false -- david: good point. so, and the big question, i'm going to stick with you on this, steve, because i know you've been working the town, but why do some republicans inside the beltway believe this stuff? i mean, just, it's just extraordinary that some republicans have actually bought into the cost of tax cuts. >> yeah. you're right about that, and there are some problem makers in the republican party. by the way, related to this po

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well, no, not even you just i mean, it's fairly well known the laffer curve is the most famous examplet there is a degree beyond which taxation produces less revenue because people don't invest. people don't, they don't. it doesn't draw capital into the country and people don't take risks now. >> no. hey. hey, everyone. >> no. hey. hey, everyone. >> i wonder how many years before that that joke was cracked? yes. but anyway, i think i'm not all surprised. i mean, the print is tiny there, as it often is on the telegraph, so i don't know exactly what aspect is this. iht is inheritance tax, right? >> it is. they reckon they lose 125,000 jobs as a result, which is a huge amount in rural communities as well. it's not a great deal of employment anyway. >> same thing happened when they banned the hunt, of course. same sort of ideological, you know, motivations without thinking about what? how it knitted together. village life. >> yeah. and now all those foxes, they're eating all the food. yeah. those chickens. >> chaos out there in the country losing millions. and i think most hunts are still