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Apr 15, 2024
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i want steve forbes to be the treasury secretary. larry: he could be the treasury secretary. kevin hassett, what about extending the trump tax cuts, that wouldn't be a bad place to start? because they were contrary to karine jean-pierre and joe biden they were successful. >> sure. larry: thereby partisan economists, academics looked at the corporate tax cuts, wait a second they were successful. moreover everybody got a tax cut and correct me if i'm wrong, kevin, the tax code became more progressive, not less progressive. >> yeah, that's right. real wages went up as well. so you're actually helping out the little guy but the fact is, this is where the election comes up, that the tax cut are the almost all of them are set to expire. some like the expensing are phasing out right now. steve scalise can say we republicans are only thing between you and tax hike that joe biden is planning. actually, they can't stop it. they can't stop it because it is going to happen unless there is active legislation to -- personal side. larry: personal side. >> yes. all the personal income tax st
i want steve forbes to be the treasury secretary. larry: he could be the treasury secretary. kevin hassett, what about extending the trump tax cuts, that wouldn't be a bad place to start? because they were contrary to karine jean-pierre and joe biden they were successful. >> sure. larry: thereby partisan economists, academics looked at the corporate tax cuts, wait a second they were successful. moreover everybody got a tax cut and correct me if i'm wrong, kevin, the tax code became more...
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if trump wins the election, there's a lot of questions about treasury secretary. one name i thought was kind smart was jamie dimon.e he's a democrat. everybody is saying trump wantst to exclude anybody but a trump like person. he's an independent thinker. aany chance that a democrat like jamie dimon woulrated be the treasury secretary? i don't know where trump is thinking. he's thinking in a lot of different directions for a lot of different posts. david: you worked there. >> secretary my my mnuchin was, evidenceing testify. he's looking at -- effective. robert li light hi iser was aei possibility.ng the core element of treasury secretary is dealing with chinad trade policy, sanctions on all kinds of enemies around the world. so you need somebody who is onos the same page with record to china and a i'm not sure that jamie dimon would be particularly --cu david: nolat as far as blackstone, though. >> you need somebody who is very similar in the thinking toward an aggressive approach th china as president trump is. david: they're giving me a wrap. you're going to th
if trump wins the election, there's a lot of questions about treasury secretary. one name i thought was kind smart was jamie dimon.e he's a democrat. everybody is saying trump wantst to exclude anybody but a trump like person. he's an independent thinker. aany chance that a democrat like jamie dimon woulrated be the treasury secretary? i don't know where trump is thinking. he's thinking in a lot of different directions for a lot of different posts. david: you worked there. >> secretary my...
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you -- >> secretary mnuchin was very effective treasury secretary. david: yes he was. >> not only do you need to know the world of finance and president trump is looking at a number of figures including john paulson, investor scott besant, some others, outside the box, robert lighthizer, his trade representative, jamie dimon is on the list. jamie dimon is a long-time democrat. david: i may differ from certainly the lighthizer mode with regard to trade policy. >> i would tell you that the core element of being treasury secretary is dealing with china, trade policy, sanctions, on all kinds of enemies around the world. so you need somebody who is on the same page with regard to china and i'm not sure jamie dimon would be particularly -- david: not as far as blackstone. chase is -- you. >> really need somebody who is very similar in the thinking and an aggressive approach to china as president trump is. david: they're giving me a wrap but you're going to the trump event this weekend, right? >> yes i am. david: do you think he will make 32 million which i
you -- >> secretary mnuchin was very effective treasury secretary. david: yes he was. >> not only do you need to know the world of finance and president trump is looking at a number of figures including john paulson, investor scott besant, some others, outside the box, robert lighthizer, his trade representative, jamie dimon is on the list. jamie dimon is a long-time democrat. david: i may differ from certainly the lighthizer mode with regard to trade policy. >> i would tell...
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Apr 30, 2024
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that's what the treasury report is talking about. i mean to me this is so divisive, it is economically wrong. it's wrong in terms of our society. it makes all these arguments, you know, we've had such a difficult period. there are so many divisions out there. let's get rich people. let's get white people. dell. dei for tax policy you're a veteran of all these discussions. what do you make of this? >> there are some very simple principles that should guide tax policy, base as broad as possible, keep the rates down as much as you can so taxes are not driving economic decisions. business decisions are made on basis productivity. households buy the stuff they value. this is not complicated. this is exactly the opposite of that. pick narrowest possible base. unrealized capital gains, people making more than million dollars. that is narrowest base you can find. jack the rate up double what it is now, highest in u.s. economic history. that is bad economic policy. and it will produce bad results. there is no way around that. what they think
that's what the treasury report is talking about. i mean to me this is so divisive, it is economically wrong. it's wrong in terms of our society. it makes all these arguments, you know, we've had such a difficult period. there are so many divisions out there. let's get rich people. let's get white people. dell. dei for tax policy you're a veteran of all these discussions. what do you make of this? >> there are some very simple principles that should guide tax policy, base as broad as...
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Apr 30, 2024
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that is what the treasury report is talking about. this, to me, is so divisive. it is wrong in terms of our society. all of these arguments. there are so many divisions out there. let's get rich people, let's get white people. de eifert tax policy. you are a veteran of all of these discussions. what do you make of this? >> yeah, there are some very simple rental polls. get the basis as broad as possible. keep the rates down as much as you can so taxes are not driving economic conditions. households go by the stuff that they value. it is not complicated. this is exactly the opposite of that. pick the narrowest possible base making more than $1 million and even discriminating on the basis of race. and then jack errata. double to what it is now. that is bad economic policy and it will produce bad results. what they think they will accomplish with this i do not understand. if they believe he will be reelected, history will judge him as a failure. it will not work. >> it just occurred to me, biden running around the country talking about raising taxes and taxes on cor
that is what the treasury report is talking about. this, to me, is so divisive. it is wrong in terms of our society. all of these arguments. there are so many divisions out there. let's get rich people, let's get white people. de eifert tax policy. you are a veteran of all of these discussions. what do you make of this? >> yeah, there are some very simple rental polls. get the basis as broad as possible. keep the rates down as much as you can so taxes are not driving economic conditions....
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Apr 15, 2024
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long term interests, up 4 to 4.63, 10-year treasury, retail sales out today, probably stronger than wall street expected. the price of gold is soaring, i think moved to 2400 dollars. today, what is your read to the economy. >> the economy is growing. however, the gold price, commodity prices are telling us, the dollar is wobbly. another currencies are worse, the fed has problems ahead, and you don't raise interest rates and depress the economy. stabilize the dollar, make the dollar as good add gold add gr greenspan did. you will see the economy grow, and fed could take a laa long-term vacation. larry: there will be a million polls, but, the gdp tracker from atlanta fed is now moved to 2. 8%, for the first quarter. which ended march 31. this would mark third straight quarter of all call it 3% plus growth. the economy surprise you? >> well, yeah. it is better than i thought it would be, but reminding you, you know what fastest growing sector of economy is. >> i do. >> government. >> right. >> real counts -- >> i passed ireland test, i have to know government spending. >> we should not coun
long term interests, up 4 to 4.63, 10-year treasury, retail sales out today, probably stronger than wall street expected. the price of gold is soaring, i think moved to 2400 dollars. today, what is your read to the economy. >> the economy is growing. however, the gold price, commodity prices are telling us, the dollar is wobbly. another currencies are worse, the fed has problems ahead, and you don't raise interest rates and depress the economy. stabilize the dollar, make the dollar as...
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michael faulkender, former assistant treasury secretary, economist at fpi. on the side he teaches at university of maryland. none of this is really good. student loans canceled up to 30 million. somebody told me this thing could cost $500 billion before all said and done. it is illegal but the bidens don't believe in legality or the constitution. what are you thinking here? >> i was listening to your fascinating conversation previously about abortion. we don't want to be talking about abortion before the election. what we want to be talking about, larry, is tax cuts and prosperity and small businesses and making sure that we have the best economy possible. so, yes, absolutely we have to make the trump tax cuts permanent. and don't forget, one of the most important elements of that which you worked on, larry, you and i were both part of this, making sure it wasn't just corporations but also small businesses, small businessmen and women got a 20% reduction in their taxes. what is the impact on that? universally positive. we got a lot of capital back from the u
michael faulkender, former assistant treasury secretary, economist at fpi. on the side he teaches at university of maryland. none of this is really good. student loans canceled up to 30 million. somebody told me this thing could cost $500 billion before all said and done. it is illegal but the bidens don't believe in legality or the constitution. what are you thinking here? >> i was listening to your fascinating conversation previously about abortion. we don't want to be talking about...
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Apr 11, 2024
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he reminded us, larry lindsay, that janet yellen, a poor treasury secretary, but a good me fed chair, she tightened raised fed funds rate after the election in 2016, the fed meeting was in december she raised fed funds target, i think a couple more times in 2017, because inflation -- i am suggesting brian brenberg, that j. powell is reading that playbook, that there is -- not only will there be no rate cuts, but they may have to raise rates after the election. >> let me say. >> long shot maybe. >> this is watershed moment, you go one of two ways, if you do that, that tells you that fed may be reestablishing real independence. you make a good case if he cuts, no mistake right now given the data, you have a hopelessly politicized fed. one is a great move. and one is terrible. larry: and potential well -- worse and worse inflation story. that would be a repeat of the 1970s. then you would see will do are crashing, gold is up -- dollar crashing and you can't do it, how could a smart investor like you suggest they will cut rates, i don't understand. >> i am being realistic. itelling you wh
he reminded us, larry lindsay, that janet yellen, a poor treasury secretary, but a good me fed chair, she tightened raised fed funds rate after the election in 2016, the fed meeting was in december she raised fed funds target, i think a couple more times in 2017, because inflation -- i am suggesting brian brenberg, that j. powell is reading that playbook, that there is -- not only will there be no rate cuts, but they may have to raise rates after the election. >> let me say. >> long...
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ed, middle class americans, and sites a report from treasury inspector general for tax administration saying 63% of new audits targeted tax payers wincome less than $200 thousand a year. larry: they can't get it right. thank you grady trimble. we appreciate it. >> all right, so, couple thoughts, 64% say their taxes are too high. that is a record complaint, as grady trimble just wanted. no surprise. because all joe biden does is run around the national every stop telling folks he is going to raise taxes. corporate taxes, individual taxes, capital gains, defdents could death tax and exsmall businesses, he always tells us he will only tack rich people -- tax rich people and he talked billionaires then caveats if you make 100 million, you qualify as a billionaire, it turns out his profit to tax people making everyone $400,000 is also phony look at fine print of any of his legislative tax hike p proposals, it would decimate the economy, one reasons that economy has not been decimated so far is despite biden's untruthful rhetoric, the tax cuts have not been repealed. study afternoon study h
ed, middle class americans, and sites a report from treasury inspector general for tax administration saying 63% of new audits targeted tax payers wincome less than $200 thousand a year. larry: they can't get it right. thank you grady trimble. we appreciate it. >> all right, so, couple thoughts, 64% say their taxes are too high. that is a record complaint, as grady trimble just wanted. no surprise. because all joe biden does is run around the national every stop telling folks he is going...
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Apr 10, 2024
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know about credit analysis, you should put it stuff, 1.7 trillion in federal financing bank run by treasury department, and ffb will figure out a way to work out the loans, otherwise uncle sam will realize tremendous losses. on the principle and interest. there is a way out of this mess. but it is not what biden is doing he just wants to make it much worse and dig the taxpayer in deeper and diaper and lose a fortune on that. and we don't have to lose's fortune. larry: i think if were obama administration, you may remember, that -- >> converted it to government running the program, they have done a wonderful job of it. we have 30 million people not repaying their loans, american are not stup ed stupid, they realize if you don't pay it, you have biden come along they will forgive the loans, if they do this, this is the end of student loan program, who would ever payback a student loan. like amnesty, and people keep coming, you have to have my wife ann on the show to talk about student loans, she is like a perfect example someone that graduated from ucla, did not have a lot of money, a low inc
know about credit analysis, you should put it stuff, 1.7 trillion in federal financing bank run by treasury department, and ffb will figure out a way to work out the loans, otherwise uncle sam will realize tremendous losses. on the principle and interest. there is a way out of this mess. but it is not what biden is doing he just wants to make it much worse and dig the taxpayer in deeper and diaper and lose a fortune on that. and we don't have to lose's fortune. larry: i think if were obama...
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Apr 23, 2024
04/24
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the job of the treasury secretary is to pick up the phone and talk to people when things like this are happening, hey, you need to support your currency, it is getting out of line with fundamentals. they have utterly failed do that, and on everything but send their top justice department people to work for alvin bragg. larry: japan has zero interest rates that is part of the story. our interest rates are much higher. that is part of the story. japan is -- they're our friend, they are our ally they're getting away with it with cheap exports. that will come back to hurt it. >> yeah. larry: i don't think china is clean either in this, okay? i think china always knows, china does like to manipulate its currency. we know that from our experience in the government in dealing with the chinese. so you have got, it is maybe not quite as bad as the yen but the yuan has fallen quite a lot. i think as i said from 1.64 to 1.74. i'm sorry from 640, to about 740, if i get my numbers right. we have a picture of it on the full screen. so what happens there? the chinese don't listen to anything, kevin?
the job of the treasury secretary is to pick up the phone and talk to people when things like this are happening, hey, you need to support your currency, it is getting out of line with fundamentals. they have utterly failed do that, and on everything but send their top justice department people to work for alvin bragg. larry: japan has zero interest rates that is part of the story. our interest rates are much higher. that is part of the story. japan is -- they're our friend, they are our ally...
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a lot of question about treasury secretary, one name, we were kibbitzing about, that one name i thought was smart was jamie dimon, he is a democrat, everyone says that trump wants to exclude everyone but a trump-like person, and chance that a d democrat like jamie dimon, one of few moderate democrats in the world. >> i don't know what president trump is thinking, he is thinking in a lot of different directs. david: but you worked there. >> secretary mnuchin was very effective secretary. and you have to look at finance, you look at a number of figures, john pal john paulson, but outside of the box robert lighthizer and jamie dimon, s-- he is a long time democrat. david: he may liver from lighthizer mode. >> a core element of being treasury secretary is dealing with china. trade policies, sanctions, on all kinds of enemies in the world, you need someone who is on the same page with regard to china, i'm not sure that jamie dimon would be particularly. david: not as far as blackstone. >> but you need someone who is very similar in the thinking and aggressive approach to china as drusm p pre
a lot of question about treasury secretary, one name, we were kibbitzing about, that one name i thought was smart was jamie dimon, he is a democrat, everyone says that trump wants to exclude everyone but a trump-like person, and chance that a d democrat like jamie dimon, one of few moderate democrats in the world. >> i don't know what president trump is thinking, he is thinking in a lot of different directs. david: but you worked there. >> secretary mnuchin was very effective...
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but the treasury inspector general for tax administration shows that 63% of the new auditt last year were aimed at the middle class with incomes of less than $200,000 you accordino to the wall street journal m editorial today and instead of hiring 3700 new agents in one year, with this dumb plan, it turns out the irs has only hired 34 in the first six months. 34. and they're chasing after the middle class. how is that for big government efficiency? and they get great benefits including a salary of 125 grand a year and $60,000 in student loan forgiveness, of course. student loan forgiveness. even he though the supreme said that's illegal. wait a minute. didn't i see that someplaceed else? second. hold on. here it is, joe biden's domestis green army climate corps spending $8 billion for 50,000dl new people.er no t, no, these will be new raab bid green new deal climate activists, won't they? b hang on. these little public service climateeres will get benefits for housing, transportation, healthcare, child care, and oh, wait a minute, hang on just a minute more, you guessed it.ag student
but the treasury inspector general for tax administration shows that 63% of the new auditt last year were aimed at the middle class with incomes of less than $200,000 you accordino to the wall street journal m editorial today and instead of hiring 3700 new agents in one year, with this dumb plan, it turns out the irs has only hired 34 in the first six months. 34. and they're chasing after the middle class. how is that for big government efficiency? and they get great benefits including a salary...
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the 10-year treasury yield topping 4.4%, while the two-year soared above 4.7%. crude oil cracking $85 a barrel to hit the highest levels since october. if you're looking for good news, shares of trump's media company djt rising 6% after a selloff yesterday. larry. >> how about that, gerri willis, thank you ever so much we appreciate it. for more on this we bring in our big money co-host taylor riggs, steve moore, host of "moore money" on abc radio and north dakota kevin cramer a long time stock market expert. thanks to all of you for coming back on, we appreciate it. let me talk to the person in the build hog probably understands the market best, and that is the great taylor riggs. taylor, by the way i don't think we'll have a rate cut this year. that's just my view but i think the markets are still pricing it wrong but what is interesting open market rates, the bond is up, the 10-year is up to 4.40 that's a lot. then you've got commodities booming, crb, gold booming, oil, west texas 85 but brent almost 90 bucks. so you've got inflationary signs flirting around.
the 10-year treasury yield topping 4.4%, while the two-year soared above 4.7%. crude oil cracking $85 a barrel to hit the highest levels since october. if you're looking for good news, shares of trump's media company djt rising 6% after a selloff yesterday. larry. >> how about that, gerri willis, thank you ever so much we appreciate it. for more on this we bring in our big money co-host taylor riggs, steve moore, host of "moore money" on abc radio and north dakota kevin cramer a...
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Apr 11, 2024
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you're running the treasury department which may come true some day, what should they do? >> they should stop spending money they don't have. larry: ah. >> you can't run budget deficits 7% of gdp. never done that with the unemployment rate below seven. larry: unemployment rate below four. what happened to the phillips curve now that we need night there is no coordination between monetary and fiscal policy. that is why it is impossible in my opinion to put the toothpaste back in the tube as far as inflation is concerned. 65% of the budget indexed to inflation. getting to two is a long shot. larry: brian 30 seconds. >> inflation resuscitation plan, biden spending will make the fed's work impossible. larry: isn't that something, biden is out there with a straight face telling us he is cutting the deficit. >> with sunglasses on. larry: jason trennert, brian brenberg. catch brian with taylor riggs, jackie deangelis weekdays, 1:00 p.m. eastern on "the big money show." it is a fabulous show right here on fox business. coming up on "kudlow," biden flying 330,000 illegals into flor
you're running the treasury department which may come true some day, what should they do? >> they should stop spending money they don't have. larry: ah. >> you can't run budget deficits 7% of gdp. never done that with the unemployment rate below seven. larry: unemployment rate below four. what happened to the phillips curve now that we need night there is no coordination between monetary and fiscal policy. that is why it is impossible in my opinion to put the toothpaste back in the...
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Apr 29, 2024
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treasury secretary janet yellen is apparently throwing in with a couple of countries in the g20 for a global wealth tax at this would be very anti-american sips we have the most billionaires and wealth. then there is this other gem, the biden treasury once again, yellen, wants to double the capital gains tax on grounds of racial equity. so they're going to give us about a 45% capital-gains tax rate. i remember the good ol' days with george w. bush, when it was dropped down to 15%. 45% on ground the of racial equity. what about jobs and unemployment and business opportunities, scott hodge? do we have to have a global wealth tax? do we have to double the capital gains tax on racial grounds? >> these are success taxes plain and simple. these are an assault on people who are successful, create jobs and companies and wealth in the united states and globally. the person behind the global wealth tax, is gabriel zuckman, same person who designed elizabeth warren's wealth tax, what is called the eu tax observatory, which is eu equivalent of the congressional budget office run amok, chasing dow
treasury secretary janet yellen is apparently throwing in with a couple of countries in the g20 for a global wealth tax at this would be very anti-american sips we have the most billionaires and wealth. then there is this other gem, the biden treasury once again, yellen, wants to double the capital gains tax on grounds of racial equity. so they're going to give us about a 45% capital-gains tax rate. i remember the good ol' days with george w. bush, when it was dropped down to 15%. 45% on ground...
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it cites a report from the treasury inspector general for tax administration saying 63% of new audits targeted taxpayers with income of less than $200,000 a year. larry? larry: they can't even get that right, they just can't get anything right. thank you, grady trimble, we appreciate it. all right, folks, couple thoughts from my side. 64% or nearly 2/3s of voters say their taxes are too high. that is a record complaint as grady trimble just reported and no surprise because all joe biden does is run around the country at every stop, telling folks he is going to raise taxes, corporate, taxes individual taxes, capital gains, small businesses if it moves he wants to tax it more. now here's the catch. he always tells us he is only going to tax rich people. he talks about billionaires for starters. but then he caveats, if you make 100 million you qualify as a billionaire that qualifies for biden math. his promise only taxes people making over $400,000, is phony. look at the fine print of any of his legislative tax hike proposals. if mr. biden were ever reelected his manic tax hike policies
it cites a report from the treasury inspector general for tax administration saying 63% of new audits targeted taxpayers with income of less than $200,000 a year. larry? larry: they can't even get that right, they just can't get anything right. thank you, grady trimble, we appreciate it. all right, folks, couple thoughts from my side. 64% or nearly 2/3s of voters say their taxes are too high. that is a record complaint as grady trimble just reported and no surprise because all joe biden does is...
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Apr 30, 2024
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would be anti-american since we have most billionaires in wealth, then there is another gem, that biden treasury, yellen, wants to double the capital gains tax on grounds of racial equity. they will give us about a 45% capital gains tax rate. i remember the good old days with george w. bush it was dropped to 15%, 45% on grounds of racial equity, what about jobs and unemployment and, opportunities. scott hodge, do we have to have a global wealth tax and double capital gains tack on racial grounds. >> they are success taxes. this is an assault on people who are successful, who create the jobs, who invest in companies, who create wealth, in both in united states and globalez. the person who is behind the global we'l wealth tax the same person who designed elizabeth warren's wealth tax at the eu tax observer to, that the eu equivalent of congressional budget office run among amuck. they created this idea of much like warren's wealth tax to tax wealth at 2%. for all billionaires across the globe. now this would require a global cooperation to do this. including a global asset registry, you have to do
would be anti-american since we have most billionaires in wealth, then there is another gem, that biden treasury, yellen, wants to double the capital gains tax on grounds of racial equity. they will give us about a 45% capital gains tax rate. i remember the good old days with george w. bush it was dropped to 15%, 45% on grounds of racial equity, what about jobs and unemployment and, opportunities. scott hodge, do we have to have a global wealth tax and double capital gains tack on racial...
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Apr 26, 2024
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the committee hasn't peace today from the treasury department advancing equity through tax reform. they are arguing capital gains tax is inherently racist because it helps upper and wealthy people more than it helps lower income blacks and hispanics. white do own more homes in a higher stock ownership because on to say how great it is proposing a 4.6% capital gains tax rate. what you make of that? >> out of the depths about our coming, i don't see -- the way to lift people up is not to make people important. the way to increase the quality is not to make other people for, is to bring people up out already. if you increase capital gains tax, less capital. less employment which means that he bought a bottle runs of the latter will be hurt the most. this is not the way to do it, not a supply-side, really not a supply-side approach for view of the world which you and i share. i can think of anything that would hurt the poor and working-class more than increasing the capital gains. >> how they will accumulate set, they will wind up paying the same among the crazy thing. we are running o
the committee hasn't peace today from the treasury department advancing equity through tax reform. they are arguing capital gains tax is inherently racist because it helps upper and wealthy people more than it helps lower income blacks and hispanics. white do own more homes in a higher stock ownership because on to say how great it is proposing a 4.6% capital gains tax rate. what you make of that? >> out of the depths about our coming, i don't see -- the way to lift people up is not to...
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Apr 23, 2024
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the job ofez treasury secretary to pick up phone and talks to people when things like this are happening and say, you need to support your currency, they have failed to do that just like everything other than send their top justice department people to work for alvin bragg. >> naughty good work. japan has m near zero interest rates, that is part of the story our rates are higher. i think that japan is getting -- they are our friend, they are our ally. but they are getting away with it you have cheap exports that will come back to hurt. i don't think that china is clean either in this. china always knows, china does like to manipulate its currency we know that from our experience in government and dealing with the chinese, you have maybe not quite as bad as yen but yuan has fallen quite a lot from 164 to about 174. i am sorry from 640 to about 740. if i get my numbers right. what happens there. chinese don't listen to anything. >> well one thing that is going on, i called my friend a wall street friend, part of my job to talk to people in middle of it and ask what do you think is going on
the job ofez treasury secretary to pick up phone and talks to people when things like this are happening and say, you need to support your currency, they have failed to do that just like everything other than send their top justice department people to work for alvin bragg. >> naughty good work. japan has m near zero interest rates, that is part of the story our rates are higher. i think that japan is getting -- they are our friend, they are our ally. but they are getting away with it you...
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massive spending, record deficits in treasury market overload bartering. on the one hand, the biden's are trying to inflate the economy and on the other hand the fed is trying to restrain it. it doesn't make a lot of sense, does it? mr. biden wants tax hikes virtually every nook and cranny of the economy. companies and visuals and investors, 50% capital gains tax in foreign income for the national speak land and let foreign government decide tax burdens on american companies abroad. pure insanity. $34 trillion worth higher taxes out of smashed enterprise and lungs any hope of long-term economic growth. biden's huge spending and tax and policies along with his manic government regulation of energy and attempts to force-feed election rules nobody wants. thereby ending gas vehicles and most folks love, causing something of a rebellion around the country. people don't want government bureaucrats to tell them how to live and what they can or cannot by. the country clubs freedom. the country clubs consumer choice a big part of their love of freedom. for the jobs
massive spending, record deficits in treasury market overload bartering. on the one hand, the biden's are trying to inflate the economy and on the other hand the fed is trying to restrain it. it doesn't make a lot of sense, does it? mr. biden wants tax hikes virtually every nook and cranny of the economy. companies and visuals and investors, 50% capital gains tax in foreign income for the national speak land and let foreign government decide tax burdens on american companies abroad. pure...
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Apr 19, 2024
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the former banker and treasury man that you are. how could this work to our advantage? >> $1 million of central assets bank and the hit toll a trust in the name of benefiting ukraine and let's use the $300 billion and russian money and instead of american french or uk dollars to rebuild ukraine at covering the budget in the short run and say if they're in there and they're not exempt and ultimate sanction and it's going to have their sovereign assets frozen and converted for reparations for the victim. it's part of this mike johnson package and that that is for starters. now you also, you've been e-mailing me and you've got favorable votes in europe that might infuriate the russians and would be fabulous to use it to help ukraine. >> this is the ultimate deterrence and had a vote on april 16th in the parliamentary council of europe in favor of converting the frozen assets in brussels to forfeit an as set for the benefit of ukraine and benefits taxpayers and a signal to putin regime get out of ukraine, stop hostile activities in ukraine and sue for peace. you're not goin
the former banker and treasury man that you are. how could this work to our advantage? >> $1 million of central assets bank and the hit toll a trust in the name of benefiting ukraine and let's use the $300 billion and russian money and instead of american french or uk dollars to rebuild ukraine at covering the budget in the short run and say if they're in there and they're not exempt and ultimate sanction and it's going to have their sovereign assets frozen and converted for reparations...
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bond yields jumped, the 10 year treasury yield topping 4.4%d while the two year soared abover 4.7%. crude oil cracking $85 a barrel, hitting to highest levels since october. if you're lookinl g for good ne, shares of trump's media company. djt rising 6% after a selloff yesterday. larry. larry: how about that. gerri willis, thank you ever so much. we appreciate it. for more on this, let's bring in our big money co-host, taylor rigs, steve moore and kevin youn cramer. thank you all for coming back on. we appreciate it. let me talk to the person in the building that probably understands the market best, and that is the great taylor rigs. taylor, by the way, i dhiengt we're going toco have a -- i dot think we're going to have a rate cut this year. that's my view. i think markets are pricing it wrong. what's interesting is open market rates, the bond is up, 10 year up to 440, that's a lot and then you've got commodity booming, crb, gold booming, oil, west texas 8 85 but brent almost 90 buckst . you've got inflationary signs flirting around. what do you make of it. >> and a decent economy
bond yields jumped, the 10 year treasury yield topping 4.4%d while the two year soared abover 4.7%. crude oil cracking $85 a barrel, hitting to highest levels since october. if you're lookinl g for good ne, shares of trump's media company. djt rising 6% after a selloff yesterday. larry. larry: how about that. gerri willis, thank you ever so much. we appreciate it. for more on this, let's bring in our big money co-host, taylor rigs, steve moore and kevin youn cramer. thank you all for coming...
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Apr 10, 2024
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. >> it was larry summers, a democrat, former treasury secretary points out. larry: yes. >> if you put in the cost of interest, you pay on mortgages high was nine t was 18%. the 3%, 4% they bandied around today is more like seven or eight. given what is happening now with mortgage rates going up, car payments going up, credit card payment interest rates going up, guess what? people have to pay that. that is a cost of living that the government ignores. larry: thank you for reminding me. you know, summers, that was nber, national bureau of economic research piece of work with some other economists. so you're right, thank you for that. john carney, spot on. i'm just going to listen to you, forever and ever. all there is to it. folks i have to jump out. i'm a little short on time. thank you very much. coming up here on "kudlow," president trump is not only unifying the gop, he is unifying the entire country and his best claim is success. success is the best revenge. so we're going to talk about that with senator tim scott. he is a hot pick for vice president by t
. >> it was larry summers, a democrat, former treasury secretary points out. larry: yes. >> if you put in the cost of interest, you pay on mortgages high was nine t was 18%. the 3%, 4% they bandied around today is more like seven or eight. given what is happening now with mortgage rates going up, car payments going up, credit card payment interest rates going up, guess what? people have to pay that. that is a cost of living that the government ignores. larry: thank you for reminding...
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Apr 25, 2024
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prosperity hotline, host of "moore money" on wa-bc radio, and michael faulkender, former assistant treasury secretary for economy and chief economist at afpi. welcome. michael faulkender, this was i guess unexpectedly poor report, much lower growth. atlanta fed gdp tracker was 2.9. the actual number came in at 1.6, the inflation numbers came in much higher than expected. you have a a 3.7% core pec deflator. it is the worst of both worlds, michael, what is going on here. >> yes it is, larry. borrow money from abroad, send them out to consumers to spend the money, first of what we saw a lot of it was spent on imported goods. that is where some of the shock in the report came from, ask that the imports number rose so much but second is they keep undermining the ability of producers to generate things here domestically. as you said, last week alone, we got another $750 billion of regulation coming out of this administration. that hasn't even hit the gdp reports yet. this is very much a sign of things to come under joe biden when you have government telling businesses not to create things becaus
prosperity hotline, host of "moore money" on wa-bc radio, and michael faulkender, former assistant treasury secretary for economy and chief economist at afpi. welcome. michael faulkender, this was i guess unexpectedly poor report, much lower growth. atlanta fed gdp tracker was 2.9. the actual number came in at 1.6, the inflation numbers came in much higher than expected. you have a a 3.7% core pec deflator. it is the worst of both worlds, michael, what is going on here. >> yes...