joining me now art laffer.teve moore, host of moore money and coauthor of the trump economic miracle with art laffer, answer is probably no they will never cut spending it worth talking about. $2 trillion deficit as far as the eye can se see. >> steve moore i have a bone to pick with you. you keep writing -- the only progress we made i'm serious, is when spending caps were imposed and implemented with particularly grand rudman spending caps but paul ryan did and john boehner did and kevin mcc mccartney spending caps, it is not debt ceilings or limits it is spending caps that have to be enforced. that is where they should go in this big you know one big beautiful bill that will come up. >> well, you have it half right. it is true that you want when newt gingrich came in, we got spending caps we had first balanced think about in 50 years when bill clinton was president. you are right back to rodman cutting, i talked with phil gram about that the other day that is time high was boasting we tut the budget, and boeh

. >> we talk about it with art laffer and ej antoni next up. you can catch kudlow month monda monday-friday h here on fox business at 4 p.m., if you can't catch the show, text your favorite 9-year-old and she will show you how to dvr the show and you will never miss a gulf of america, never. high quality investments. (♪) (♪) bounce back fast from heartburn with tums gummy bites, and love food back. (♪) sofi is helping me get my money right to achieve my ambitions. like a saving for a better swing. loosen that grip. with sofi, i earn more money on my money and pay no account fees. plus i'm investing in my game. sofi can help fund all your ambitions. (♪) no matter how ambitious. bank with sofi to score a higher apy and an epic welcome bonus. sofi. get your money right. ok guys, instead of getting weathertech, i saved a few bucks and got some cheap, foreign made floor mats. but they really stink, so put these on. ♪ really, gary? mom, i'm thirsty. don't settle for cheap, stinky floor mats. at weathertech we make our floorliners and cargo liners her

antoni and art laffer.e on "kudlow," we've got whales, we have windmills and we have drip, drip, drip showers all from mr. trump's presser today. so we also have mark simone and jackie deangelis and caroline downey right here on set to weigh in on whales, windmills and drip, drip, drip showers. i'm kudlow, be right back. ♪ progressive makes it easy to see if you can save money with a commercial auto quote online so you can get back to your monster to-do list. super helpful. see if you can save money at progressivecommercial.com. thank you. force factor prostate advanced reduces nighttime bathroom trips, helps fully empty your bladder, and promotes a normal prostate size. why? force factor prostate advanced contains clinically studied saw palmetto, beta-sitosterol, and cranberry extract. rush to walmart and find force factor prostate advanced. ♪ only servicenow connects every corner of your business, putting ai to work for people. pfft ... every corner? every corner, nick. ow! so kate in hr ... hey kate. can

art laffer and steve moore, thank you very much.oming up here on kudlow, no matter what joe biden says, and he said a mouthful today, his failed policies of appeasement left america a far more dangerous world. we'll talk about it with miranda devine, rich lowry and david webb right here onset, i'm kudlow. in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there. ichi, ni, san, shi... (1,2,3,4 . . ) ruri never thought she would live out her dream. then one day, she did. you were made to chase your passions. ♪ only servicenow connects every corner of your business, putting ai to work for people. pfft ... every corner? every corner, nick. ow! so kate in hr ... hey kate. can focus on people, not process. oh actually, i have a question ... keep up, nick. do you have to be sick to take a sick day? patty in it i

lowering taxes, deregulating will take some pressure off inflation because it means more goods, as lafferay when economy produces more apz annels. >> exactly what happened short term bets on the next rate cut, is now leaning towards one rate kruk for 2025 that would be no earlier than month of june 2025, the yields reacting in tandem to that. maria: on policy, julia polk jump in talking about the devastating l.a. wildfires, of course, forced you to evacuate. julia i am wondering if next step in washington is going to be in enact meant of disaster relief legislation to pay for rebuilding infrastructure for emergency housing replenish the people avenue how does that weigh into backdrop right now julia. >> disaster already is seventh costliest in u.s. history so far from being contained could be the costliest disaster will have, the impact, and fiscal effect as well, you know this comes at a time seeing glimmers of hope in the labor market the hundred basis points in cuts translateing into imprisonments already banks more open to lending to consumers, home equity line credit balances rising

and steve moore and art laffer and the rest, everyone makes a compelling case about one-bill strategy, this is about measures probabilities of passage, we have to take best shot to get it done, we have noma no margin for error. larry: i have a point of view, main share that, you mentioned a bunch of people that share that point of view. i think you know, i mentioned about president in his own language, one big beautiful bill, he has been sped -- steado this i had reports from others, yourself including that this first surface at army n navy game, i think promises made, promises kept. you don't want to make mistakes of 2017, quixotically republicans republican after obamacare and this and that almost did not get that tax cut through this time russian roulette with a tax hike. i don't want to obsess about it at least not overly obsess. in kudlow terms, i think that is just -- you heard me out on that, you have been kind. and been very access in ible to media, i know you will be tough on other matters, and the border and terrorism. one thing for sure, sooner we can get dru trump in in, s

joining me now laffer tengler chief investment officer nancy tengler thank you for being here say firstuple days in january tell you how the rest of the overis doing do you buy into that first five days? i've got to get your take on agenda speaker with of the house mike johnson told me yesterday on "sunday morning futures" aiming to send one reconciliation bill to trump's desk by the end of april, that bill will include tax cuts. this could also be one of the reasons for rally underway how important that is bill for investors? >> so a well happy new year thanks for having me great interview i watched yesterday so that was really an important interview, yeah. i think there is a couple things going on first of all the only folks that believe that trump tariff ret, the hedge funds drive short term volatility the end of the year, i think you are absolutely right, the market others rallying on notion that tariffs won't be a restrictive as many watching the markets in the first trump administration realized and then secondarily earnings growth, come in around 14% for s&p 500 companies if we j

laffer said, defense is an investment that you never hope to use. president reagan took defense spending as a percent of g.d.p. from about 4% up to 5.5%. progressives said, he's a warmonger, budget hawks said, you're crazy, you're going to blowout the deficit. and now we're at 3% of g.d.p. because he took down the soviet union. so freeze discretionary spending except for the defense, deregulate 3% real economic growth, bring -- have a commitment to bring the budget deficit down to -- by 2028 to 3%. as a financial markets person, i can tell you financial markets will respond to that area well. good forward guidance on that. i told the president come you didn't get us to 7%. you don't have to get us to 0%. entitlement reform. you don't have to do the big entitlement reform until you get the current house in order, and the current house is on fire. 3% real economic growth. 3% deficit to gdp by 2028. to your point, a 3%, 3 million more crude equivalents per day. crude and gas. we are producing about 20 million, so up that 15%. i have been looking too, t

steven moore and art laffer and the rest. they make a very compelling case about the one bill strategy a lot of people are listening, larry. we want to ensure success and about measuring the probabilities of passage and we've got to take the best shot we can to get it done and no margin for error. it'll be a delicate dance and we'll deliver for the people. i appreciate all your influence. larry: i don't know if i have any influence but i have a point of view and many share that you just mentioned a bunch of people that share that point of view. i think i know where your heart lies and the president in his own language and one big beautiful bill and he's been steady on that. i've had reports from u.s. senators and senior staff and others. yourself included that this first surfaced at army navy game or whatever it was a month ago or so. he's not moved on that and i think you have to deliver and propses made, promises kept and don't want to make the mistakes of 2017 when quick republicans went after obama care and this and that.