mike crapo. senator, happy new year to you, welcome back. we appreciate it.now, what johnson says, you have a diverse house, only way to getting any through is one big bill vehicle, he is making sense. if that is what house wants will senate buck him on that. >> i don't think so, i have said i'm ready to gather direct appears that house will go with a one bill program, we're read to work to make it happen, keep to do what i talked about, that is make the tax changes permanent. instead of a 4.3 million tax hike we need a permanent tax code. we could see 1.1% growth in the economy, if we do to permanently. >> let's go back to that revenue point. i want to get to our current policy baseline. that is one of reasons we love having you on, people do not appreciate your point of view. the cbo and joint tax committee are always wrong, 2017 tax cuts, they not only paid for themselves and a lot of other things, bad spending things. that is one point. second, your point about current policy baseline, if this is a permanent tax cut, why does it have to be scored 5 trilli

what mike crapo is talking about is pass the budget using current policy and what we do is permanentsupport that approach but also am a big supporter and i wrote a column in the wall street journal that donald trump or republicans to embrace president biden's spending levels lower spent 4. $4 trillion during the pandemic and never had a budget, spent $6 trillion so what i propose is go back to pre-pandemic, leave social security and medicare untouched but every other spending item inflate based on population and inflation, if we did that, bill clinton spending level we would be at $5.5 trillion, matching revenue, balanced-budget congo 22014, obama's budget, $6.2 trillion, these are massive savings, democrat budgets pre-pandemic, we would save trillions and trillions of dollars. stuart: our audience is full of investors who will be cheering you on if we get tax cuts to boot. senator ron johnson, thank you for joining us, appreciate it always, thank you very much. coming up senator adam schiff will not rule out investigating trump again. >> a lot will depend on how he chooses to govern

last one, you are in touch with senator mike crapo, a brilliant fellow. work together to get something out. 90 or 100 days? >> absolutely, i was talking with senator crapo just a few hours ago, we're in constant communication, we can deliver this is not that difficult. we want permanent expires pro provisions of trump tax cuts and modification to improve on no tax on tips, manufacturing in united states, they are things that we can deliver on and we're ready? terrific stuff, congressman jason smith, i wish you all of the luck in the world. happy new year, thank you for coming on the show again, appreciate it. >> thank you, larry, happy new year. always great to be with you. larry: coming up. one reasons we need to trump tax cuts right away, is inflation, still kind of sticky. and i want to get our next gift steve moore -- guest steve moore and david malpass to weigh in on nippon and u.s. steel, the logic of denying nippon. i think it would be an in investment that would make america great, perhaps not. one big beautiful bill, steve moore and david malpass

11 democrat senators sent a letter to majority leader john thune senate finance committee cramer mike crapoing me texas congressman ronny jackson member how is armies severs foreign affairs, gop doctors caucus former white house physician great to see you this morning. thanks for being here. >> thanks, maria, appreciate you having me. mike lawler told me yesterday he will not vote why on -- tax extensions unless a salt tax deduction increased is in that bill. your thoughts? >> well, i think in a position to negotiate unfortunately i mean we can't do anything with one seat majority we are trying to use reconciliation to get some items on trump agenda legislate codify them if going to do that we have to have ever single vote including members in new york new jersey, california. that have been talking about the salt issue for a long time now. in a position to negotiate on this, i am in palm beach right now here last few days i haven't been part of the -- here for meetings i was in congress when president trump -- working on transition issues i am responsible for, but i was there last few days

and senator mike crapo ready to deliver a big tax cut. and whole bill could be done before midyear. and it would help president trump fulfill his overwhelming mandate for change. that is my riff. now. more importantly joining me now speaker of the house mike johnson of lose louisiana. thank you for your time sir, i know it is hectic. >> hey, larry, great to be with you, i appreciate your endorsement and humbled and honored to have yours and president trump's and former speaker newt gingrich, everyone saying the same them we have to stay unified. we can't fulfill the promises if we don't stay unified, i think it begins tomorrow. larry: let me quinn, quickly, a lot has been said and reported. here we are in the later afternoon, your thoughts on the terror in new orleans? you are from lose l louisiana. people are criticizing the fbi, intel did not know it was coming. you probably know a ton more than i'll ever know about this, is there anything you have to add, what are you thinking, here, sir? >> i wish i had more on add, a participated in classified level briefing this afternoon. by

senator mike crapo, thank you. i think you're the smartest guy in the senate. that's all.appreciate you coming on. next up on kudlow, joe biden is doing everything he can to spite trump on his way out and the whole democratic party is so knee jerk negative on everything in this country right now. you know what, they're burying themselves and you know what, if that's the case, they're going to deserve it. that's all i can say. anyway, we've got joe concha and rich lowry to weigh in here onset with me. remember, folks, kudlow available as a podcast. episodes every weekday right after the show on spotify and apple and fox business podcasts. democrats negative, bury them. ♪ [city noise] investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? (♪) or, let curiosity light the way. at t. rowe price, we're asking smart questions about opportunities like clean water. and how clean water advances can help transform our tomorrows. better questions. better outcomes. t. rowe price ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ it's a little p

smith's w weighs and means committee working on it and senator mike cray ports of entry ready to -- mike crapo working on his bill and it would help president trump fulfill the overwhelming mandate for change. and that's my riff. now, more importantly, joining me now is the speaker of the house, mike johnson of louisiana. speaker, welcome and thank you for your time, sir. it's very hectic. >> hey, larry. great to be with you, and i appreciate your endorsement and humbled and honored to have yours and president trump's and former speaker gingrich and all of our friends and all the leaders across the conservativee movement are saying the same thing, we have to stay unified and we can fulfill the campaign promises that the american people gave us the mandate to do if we stay unified and that's the key here and it all begins tomorrow and i'm confident we can do that. larry: speaker, let me begin quickly and a lot said and reported and so on and so forth. here we are in the later afternoon. your thoughts on the terror in new orleans, and las vegas and people are criticizing the fbi and intel agenci

sent. 11 democrat senators sent a letter to senate majority leader john thune and senate finance mike crapoelp with the debt ceiling and extend the trump tax cuts, joining us in texas congressman pat fallon a member of the house i'm services and oversight committee. good to see you, thank you for being here, you heard your colleague mott and to mike lawler it sounds he wants $60000 to have the cat, would you vote for that? >> as president trump said regarding negotiate a fair number and i know my good friend mike lally thinks that's fair but folks from texas don't want to subsidize high taxes that folks in california and new york pay as our estate taxes, why should we do that they want lower taxes they should vote for candidates that will give them lower taxes mainly republican candidates in the state legislatures in the governor's manchin. >> you have to put some pressure on the governor to lower taxes in new york, i agree with you. >> amen. i don't think 60s were really and i think that's where mike and some of the other republican start and will get to a number and we need to extend the

you're in touch with senator mike crapo, who runs the finance committee. very brilliant fellow, i think you'd agree. can you guys work together to get some out in 90 or 100 days? >> absolutely. i was talking to senator crapo just a few hours ago. we're in constant communication. we can deliver on this. it's not that difficult. we want permanency of the expiring provisions of the trump tax cuts and then make increased modifications to improve on no tax on tips. improve on manufacturing in the united states. these are things we can deliver on and we're ready for it. larry: congressman jason myth head of the ways and means committee. i wish you all the luck. happy new year thanks for coming on the show again, appreciate it, sir. >> happy new year, larry always great to be with you. larry: coming up here, one reason we need the trump tax cuts right away is inflation is still kind of sticky, and i want to get our next guest steve moore and david malpass, someone to weigh in on nippon and u.s. steel. what's logic of denying nippon? after all, i think that it be

i worked with the first trump administration with my friend mike crapo and many on the other side we are able to get $12 million per cdfi's and we started the caucus 24 members 12d's and 12's. the talked about a city that acquired a building. can you speak for a moment about the value of a the cdfi and how we can further expand the role they play quick >> yes sir and thank you senator warner. it was great to visit with you and learn more about how you are doing and your vision on that and we do see the value in that and i will say i look forward to working with you further in your home state in other areas around the country to see how we can utilize the cdfi's when it comes to housing and local communities. >> and i appreciate your earlier answer as well because we no homeownership is wealth creation is country and the reason we have a 10-1 wealth gap. again the program i've worked on both the aisle called the lift program that targets first-generation first-time homebuyers. the definition is two-thirds folks of color and if you qualify for a 30-year mortgage you can make those paym

it is jason smith, mike crapo, those are the senators that will be working on the details of this billk about the members who are up in 2026. that is every house member and some key senators like thom tillis in north carolina, susan collins in maine. those will be your deciders when it comes to any spending cuts they might want to see. they will hold the phone and say we are not ready to take those cuts yet. lisa: how powerful those members be behind the bloomberg terminal trading 10 year notes? henrietta: that is definitely the least powerful member in the room. not a lot of senators or congressmen are necessarily focused on what the market does. there's a perception that trumpcare's deeply on what the market does. lawmakers will make the legislation that they see fit. it will continue to rise every single year. we are talking about $5 trillion in spending on the combinations tax bill, hiking the debt ceiling by $1.5 trillion. they will be increasing the deficit. lisa: if that member doesn't necessarily have the same clout, how much does increase based on yields versus basis points la

senator mike crapo chairs the finance committee speaks in support of mr. bessent. >> at madam president i rising in opposition to

senator mike crapo chairs the finance committee speaks in support of mr. bessent. >> at madam president i rising in opposition to scott bessent to be the next secretary of the treasury. and in support of tens of millions of working families who need a government on their side. the treasury secretary is one of thee president's top economic advisors. he has the power to lower cost for hard-working people or to give billionaires another break. now, mr. bessent has a long history as an investment manager helping rich clients get even richer. in fact helping rich people get richer as a very profitable business for him. mr. bessent is now a billionaire himself. he asked not one but two multimillion dollar mansions including one in the bahamas. he has hundreds of millions of dollars in investments. now he spent a lot of money. but he saved money in one area. he is not paid the taxes he owes according to an analysis from the congressional tax experts, he has refused to pay $2 million in taxes that he owed on his hedge fund earnings just in the past three years. an