Senate republicans answered the challenge and threw a suitcase of monkey wrenches keeping the mortgage deduction to 1 million and delaying the Corporate Tax cuts to a year. Some middle income earners will end up paying more in the end. Entitlements gobble up 2 trillion of the budget. And defense. These tax cuts may give you the false sentence you get to keep more your money. But the gambit is fooling you into paying the same or more in other realms. Imagine you go to the doctor are neck pain you have had since 2008. He says he can fix your neck pain, but only by giving you a terrible stomachache. Thats what happens here. When the government gives your wallet back but fills your briefcase, it doesnt fill you with confidence. When congress fails. They should be thrown out en masse for being an immoral pain in the ass. Let us begin. Im kennedy. Tax remoral should be a simple equation. Let me bring in my party panel. Its man happy once again. Former characteristics a operative mike barrack is here. Joined by jimmy failla in the house, and Libertarian National Committee Chairman is here. Lets talk taxes. Baker, will the code be simplified . Absolutely not. You nailed it in an eloquent opening speech there. Its astounding to me they dont understand selfpreservation. By they i mean republicans and any politician up on capitol hill. They managed to turn what should have been i dont want to oversimplify because its a difficult process legislating anything through that morass up there. But what should have been a simple thing of cutting taxes. Now that the senate weighed in with the delay of Corporate Tax. I think this is just i dont think they are going to get something pushed through. Kennedy it many interesting you bring that up. Its almost selfand talk its like they are purposefully trying to fail. Why wouldnt you want a political win. Im a giants fan. But if you look at the analysis from the tax policy center. This brings gdp to 97. 2 . Which is like who wrote this plan . Johnny depp. This is bad Money Management for us. Im looking forward to that scar writeoff. Kennedy what have we learned about republicans and power. Once they get into power they cant do anything. When they control both houses and the presidency, they increase spending, they increase the National Debt and the deficit. There is supposedly a tax cut coming, but all it is is a tax increase on my kids and your kids. Kennedy and an increase on some people who might see a slight reduction in their income tax, but they will feel it in other areas where they cant make basic deductions and the standard deduction may not be enough to offset that. Whenever they roll it out in secret, you get death by a thousand cuts. A lot of my friends on capitol hill think its 5050 to pass anything. You have friends on capitol hill . A couple. Kennedy here we are, political analysts say if the gop fails to get tax reform passed, 2018 could be a bloodbath. This weeks election losses were a major wakeup call. The party has little to brag about. The republicans have no real legislative victories. As there are senator john mccain says unless we get our act together we are going to lose heavily. Mike baker not a surprise. Edgillespie lost ed gillespie lost in virginia. Democrats were supposed to win new jersey. If it were closer in virginia, they should be worried. Democratic wins. I agree with you on virginia. They were gleeful over flipping statehouse seats in the state of washington. Have you ever been top the state of washington . I had no idea we had republicans there. Kennedy its not all seattle. Once you get out of seattle its much more balanced. But i think that the idea was floated right after the inauguration that if the republicans now in charge as you points out, cant get a major piece of legislation whether it was healthcare or tax reform, then yes they are going to suffer in 2018 because of this frustration. Most of of the people out in america dont know from the tax code or from a new tax package its over their heads. But what they do understand is common sense. They look at this and say how can you not accomplish something. I wouldnt be too confident from the economy. You can have contractions as quickly as you can have growth. The market could tank and there is the savings that a lot of middle income seniors have. You can see layoffs if these corporate rate doesnt go through. So what will actually get republicans to fire up and fall in line . Thats a great question. I dont know that it could actually happen. I think its hard to call anything a bellwether because in the Trump Administration we cant look 20 seconds into the future and predict whats going to happen. I think this election was indicative of democrats being excited to vote. They are going to tally these . Its not over already . They wanted to try out this new hip thing. I think for the republicans if they want to look ahead to 2018 and take it seriously. They need to govern while they have the majority. Nothing that happened this week matters if the tax bill is actually good. You are in charge Libertarian National committee. Lets talk about other parties coming in and taking advantage of the civil wars. I have been saying this for as long as someone would put a camera and microphone on me. Both parties are completely dissolving. They are cannibalizing each other and show how ineffective they are and irresponsible. Why arent they capable of putting candidates forward who represent a majority of american views. The republicans cant govern. They cant cut spending. Er in not fiscally conservative. The democrats arent supporting the little guy. We tripled our vote total in 2016. Because this chaos is not something the republicans want to pat themselves on the back other democrats want to pat themselves on the back for things that happened on election day. This chaos is not Getting Better for either side. There is no republican party. Kennedy why cant they do a better job of running people who are electable. I have enjoyed and support gary johnson for a lot of years. Unfortunately he game the joke of the president side. Every year there was a time to fight back with a competent rational charismatic candidate, 2016 would have been. This an interesting conversation. Upon way the republicans or democrats pulled themselves together and start making decisions and show leadership in something meaningful is if they see a significant meaningful third party. Right now its not. But it could be. Kennedy regardless of how they selfidentify, they are natural libertarians. There are so many out there. We have to move on. Well see this man panel later in the show. So much to discuss. President trump is in the middle of his asia trip. He will be attending an economic summit in vietnam. Vladimir putin will be there, too. Its highly likely he will sit down with our president for an extensive oneonone. This comes after Congress Passed fresh sanctions on the kremlin. The president also met with the chinese president and he flipped the script on chinas trait practices. Its an insided and unfair one. But i dont blame china. After all, who can blame a country for being able to take advantage of another country for the benefits of its citizens . I give china great credit. Kennedy thats a far cry from his campaign trail talk of china raping our economy and manipulating its currency. Let me ask Lieutenant Colonel ralph peters. Hail, queen of the night. Kennedy thank you very much. Lets talk about this. Was the president wrong in his choice of language in china . He was about as wrong as you can possibly be. The president to give him credit he did a good job in japan and south korea. China, making that remark that its not he doesnt blame china. Dont blame china or hundreds of millions, hundreds of billions perhaps a trillion in intellectual property theft . You dont blame china for extorting proprietary data as a price for doing business in china . You dont blame china for keeping their markets closed . Hes easily seduced. President xi of china who is an expert at this rolled out the bright red carpet. And President Trump after a couple good days when went off script. Even the trade business. A quarter trillion dollars in new trade deals. They are not all new trade deals. The chinese keep giving us the same christmas sweater. The boeing aircraft thats being ordered. Thats great, but according to bloomberg some of those orders go back four years. Kennedy every president talks tough and says we are going to throw the weight of the u. S. Economy behind this, then they get over there and they fall prey to the siren song because everyone loves money. I love money, i think money is great. I dont liked the intellectual property theft and human rights abuse. I dont like the state of the economy. Certainly thats the case. Unquestionably we need to be tougher. No need to have a trade war with thina. But china needs to know we mean business with a capital b. Maybe we just need a trade spatd. But at any rate. Another problem the Trump Administration is they dont want to get tough on trade because they need china to help us with north korea. You and i talked about this. You have got to opinion the chinese down. You cant let them make general promises. Kennedy i think china has the upper hand here. This does not need to be a u. S. Military option. Its a horrible option for us. We dont share a border with them. China does. Its time for them to step up and start core graphing this delegate dance. This is so unusual the leaders of the United States and russia are meeting in vietnam. It was russian aircraft that bombed and killed so many u. S. Troops in that country. Do you think these leaders have the historical per peck tough to understand the gravity of that . I suspect Vladimir Putin does. Of course, it was primarily chinese arms. Russians were behind the vietnamese, too. I got a closeup look at that in the russian archives. Its bad visuals and bad politics for President Trump to meet Vladimir Putin anywhere. Putin is very you dumb tough. He does putin is very seductive. He reads the briefing books. Kennedy and he ride horses shirtless. I know you love that. I have seen the pictures in your office. He need to have his National Security advisor in the room, not exclude mcmasters the way he did in july. We need some guarantee of what was said and what was not said. I want our president to do well. Kennedy mcmasters will have to have that chapter for their book. Kennedy im going to make some tough up, why not. You are a creature of the internet able, arent you . Kennedy thats what my parole for tells me. I thank you for your time. You are a good person and i love your sense of humor. Good night. Coming up. Former National Security advisor Michael Flynn reportedly very concerned. Could he be worried enough to sing like a canary, and do canaries sing . My name is jeff sheldon, and im the founder of ugmonk. Before shipstation it was crazy. Its great when you see a hundred orders come in, a hundred orders come in, but then you realize ive got a hundred orders i have to ship out. Shipstation streamlined that wh the order data, the weights of , everything is seamlessly put into shipstation, so when we print the shipping ll everythings pretty much done. Its so much easier so now, were ready, bring on t. Shipstation. The number one ch of online sellers. Go to shipstation. Com tv and get two months free. Money managers are pretty much the same. All but while some push High Commission investment products, Fisher Investments avoids them. Some advisers have hidden and layered fees. Fisher investments never does. And while some advisers are happy to earn commissions from you whether you do well or not, Fisher Investments fees are structured so we do better when you do better. Maybe thats why most of our clients come from other Money Managers. Fisher investments. Clearly better Money Management. Kennedy will Michael Flynn flip to protect his son. There is word the former National Security advisor is worried his son could get wrapped up in the investigation web. He worked closely with this father during overseas trips to moscow. The Justice Department seeking to reach a plea deal in its criminal investigation of manaforts soninlaw. Experts say they could be an evident to gain his cooperation. These are the standard tactics of federal prosecutors today. Its putting the squeeze on super hard to get to the path. They dont know how far up the totem poll they are going to go. They believe they have something on the president and witnesses unwilling to deliver something to them. So they have to squeeze the witnesses. You will squeeze general flynns son to get to the general. You are going to squeeze Paul Manaforts soninlaw who had nothing to do with the campaign to get to manafort. Then you are going to leak to cnn the likely and probable existence of a coming indictment which is so strong it will blow everybody away. You are not supposed to leak this stuff. Best leakers in the world . Federal prosecutors. They know how to play the game. The purpose of the leak . To send young flynn and general flynns lawyers directly to them. Kennedy they tried to pit manafort and gates against eye on the were those first indictments. Perhaps that didnt work so now they are going after what father wouldnt do almost anything to save his son . Kennedy are they going after don june jr. Next . Yes. That father has the to save the son. General flynn does not have that power unless he tells bob mueller and Company Something they want to hear in return for leaving the son alone. This is federal prosecution. This is the use of the arm of the government to take away human liberty. And are they interested in truth or justice or just interested in who is going to say what about whom so we can keep going up the totem poll until we reach the guy in the oval office. Kennedy are they gambling. Do they have empty cannisters of chemical weapons or do they actually know something . We wont go that. Those are great questions. Its up to lawyers for manafort, gates and general flynn and the young man. Its up to those lawyers to find out what evidence is there before they let their clients negotiate. Kennedy can they get together and say let us fly the middle finger to Robert Mueller and his team . Thats another great question. Its more than that. They can enter into a joint Defense Agreement in which they agree in writing that they will assert the same defenses, they will not turn on each other and they will not negotiate with the prosecutor no matter what the threats or bribes. Thats what it is. Its threats and bribes. If you threaten me, the government will prosecute you unless the person doing the threatening or break is the government itself. Then its standard operating procedure. Im sorry to get so angry. Kennedy i love your passion. I loved with this when i was on the bench. Now we see it being used against the president of the United States. Whatever you think of his politics and personality. Hes the lawful, elected president of the United States and this is going to prevent him from doing this job in dislodge him from office . Kennedy i dont know where this ends. Very quickly, you and i both love transparency, we are not getting that with the rand paul investigation. What happened there . I dont know what happened. The latest i have learned is that federal charges are expected. The charges bear no resemblance to the injuries. The charges simple assault is the equivalent of a bloody nose. The injuries are the equivalent of a stab to the chest. The charges give you six months in jail maximum. Indication no jail time without a prior conviction. The injuries say you should be exposed to 10 to 15 years in jail. Whether you have a prior conviction or not. There is a piece of the puzzle missing here. Kennedy there is something rot in the state of kentucky. Its the commonwealth of kentucky. They call themselves the state police, but the government is the commonwealth. Go figure. Kennedy i figure nothing unless you are by my side. Former Vice President joe biden said he could have been president if he decided to run. Turns out Hillary Clinton may have had something to do with it. Juan williams has the story next. Liberty mutual stood with me when this guy got a flat tire in the middle of the night, so he got home safe. Yeah, my dad says our insurance doesnt have that. What . you can leave worry behind when liberty stands with you™. Liberty mutual insurance. I am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. Kennedy another day, another story about the Clinton Campaign intim naight other democrats. Former Vice President joe biden said he had what it took to beat Hillary Clinton for the nomination but didnt because he was afraid that the Clinton Campaign would drag his son through the mud. He says he regrets not having run for president. You kind of feel bad for joe biden when you start to hear these things. He understood that minute he took on the clinton machine, the clinton machine would get in gear, and the gear that was so obvious were the problems within his family. The contrary thought is the on had just died and that was putting pressure on the Vice President , and his boss, president obama said Hillary Clinton is going to have the nomination. I think there were lots of negative signs and certainly sympathy for him. But if you are talking about hardball and cutting your opponents throat. He saw what was coming. Kennedy thats unfortunate that thats the state of politics. Someone who believes themselves to be a good person and a worthy candidate is left out. Do you wish joe biden had snrun. Yes. Right now anybody who primaries the established candidate is viewed as a negative retro bait inside the party. Hillary clinton was seen as her turn, she is the establishment choice on the democratic side, get out of the way. I think thats what you were hearing from obama. Kennedy and make you feel guilty because he was the onen who in 2008 secured the superdelegates and took the nomination. They didnt think it would be donald trump. They thought it would be jeb bush. They thought he was the most of beatable. Correct. You look at hindsight 2020. You look back and say what were people thinking. In terms of joe biden. What do you think if it would have been biden versus trump . I think he would have been a stronger candidate than Hillary Clinton. Kennedy i think when you talk about the like built and geographic strengths he had. With White Working Class voters, especially in places like michigan and pennsylvania and florida thats his strong suit. Kennedy there is something to that argument. The question is, is it too late this time . If biden gets it. I think senator sanders is going to run, and i think Donna Braziles book and joe bidens book both had the same aim. That is to take Hillary Clinton out of the National Discussion and keep her out of the Democratic Party so they can do no more harm. I dont think an insider like Donna Brazile coming out with that book, unless she felt it was safe to take on the clinton machine. I dont think joe biden comes out in this way unless he had a grudge to pay. Kennedy he had a grudge and hes paying it. You ready for a good laugh . Bill clinton is warning us about president s not telling the truth. Thats so cute. Watch. The Dictators Club in the world, and there is a bunch of them. They want two things. They want Nuclear Weapons because they feel they can never be dislodged no matter how much people hate them if they have nuclear power. And they want to abolish the line between truth and lie. Kennedy bubba knows all about that after having been impeached for not telling the truth. The man panel is back. Mike barrack, jimmy failla, nick sarwik. Both sides do it. We live in our own media reality bubbles. The president is using this pop. You saw that msnbc versus fox. You see a break up of people into separate realities. We dont even share the same reality let alone have a National Conversation or dialogue. This was a little rich to get a truth lecture. I feel like i just got a lecture on Office Etiquette from harvey weinstein. He hates trump, though. Because trump has made him as irrelevant he has. And trump is the reason hes home with hillary the next four years. Kennedy he will be the energizer bunny. And i think its funny it was the oneyear anniversary of Election Night an didnt stay home. He knew. Im not going to watch her slow chardonnay at the help. Im getting out of here. Its astowngds. But your points its astounding. But your points is well taken. The parties have sliced and diced the demographics so finally and technology has aloud so many different platforms that everybody resides in their own little habitat. You have all these ecosystems reaffirming what their own personal opinion is. Kennedy its a series of confirmations and people rarely challenge their own beliefs. Thanks for making your Maiden Voyage on kennedalia. Mike barrack. Thank you so much. Coming up, an idiot who gets paid to heres to the heroes americas Small Business owners. And heres to the heroes behind the heroes, who use their expertise to keep those businesses covered. And heres to the heroes behind the heroes behind the heroes, who brought us delicious gyros. Actually, the gyro hero owns veros gyros, so he should have been with those first heroes. Ha ha thats better. So, to recap Small Business owners are heroes, and our heroes help heroes be heroes when theyre not eating gyros delivered by ah, you know what i mean. My business was going nowhere. So i built this kickin new website with godaddy. Building a website in under an hour is easy 68 of people. Who have built their website using gocentral, did it in. Under an hour, and you can too. Type in your business or idea. Pick your favourite design. Personalize it with beautiful images. And. Youre done and now business is booming. 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When it feels threatened, it lashes out. Why is he blaming whiteness for a deranged man who beat his own wife and child. Its disgraceful to start with. But kennedy, can we address the elephant in the room . It seems like liberals arent capable of expressing themselves without violence. We are talk about a lot of the liberals response to the Steve Scalise shooting or college campuses, or rand palms neighbor deciding to take his aggression out by beating him. When is enough enough . Kennedy there are a lot of liberals who believe that speech you disagree with is in and off itself violent. And in and of itself violence. And physical violence matched disagreeable speech. This guy just knows he can lob grenades and there is no pushback from the school. Hes still employed by drexel. This is the type of stuff that is going into the ears of our young people and they wonder why we have so much chaos in the country. Lets be honest. Its one thing to disagree with a connecticut or libertarians on the second amendment. But there is no one responsible for this except this kraiftsy, sick psychopath who decided to kill 26 people in my home state of texas. To blame this on White Supremacy is being interests electric timely dishonest. Kennedy to take Mental Illness and factors like that out of it is so disingenuous and short sighted. I shouldnt be surprised. Its a little sad that someone like that is in a position of such importance. Which is shaping young minds with apparently universities like that are devoid of critical thought. This is something you point out thats really important. If a white person is driven to commit mass murder because of their whiteness that means people who are nonwhite are essentially powerless. Yes. I have been so disgusted with this continued rhetoric from the left. Is that white people have all the power and all the other races are just victims. And my thing is this. Thats racist to say that black folks and hispanics are powerless is racist by itself. Kennedy i think this guy is racist and hes sick and hes wrong. And you are awesome, thanks for coming back. My experience with usaa has been excellent. They always refer to me as master sergeant. They really appreciate the military family, and it really shows. Weve got auto insurance, homeowners insurance. Had an accident with a vehicle, i actually called usaa before we called the police. Usaa was there handson very quick very prompt. I feel like were being handled as people that actually have a genuine need. Were the webber family and we are usaa members for life. Usaa, get your insurance quote today. This holiday season, families near you need your help. Visit redcross. Org now. The markets change. At t. Rowe price. Our disciplined approach remains. Global markets may be uncertain. But you can feel confident in our investment experience around the world. Call us or your advisor. T. Rowe price. Invest with confidence. Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. Kennedy a musical about meatloaf is making its way to broadway. This is the topical storm. Topic number one. Matthew mcconaughey turned 48 this week. But rather than celebrating the traditional hollywood way by harassing women or propositioning men, he spent day giving away tush skis in kentucky. The locals were thrilled. Oh, my gosh, its the guy from that thing. Matthew love it as well. The nice thing about frozen turkeys, he keeps getting older but they keep staying the same age. I know you say if hes promoting wild turkey bourbon, why isnt he giving away wild turkey bourbon . Its because everybody in kentucky already has bourbon. Topic number two. Here is great news for people who work in retail during the holidays. We havent legalized murder. But we have figured out what makes your job homicidal. A study by the Washington State university found that listening to too much Christmas Music is bad for your mental health. Employ yeas were forced to listen to Christmas Songs all day long. But it quickly changes the mood from deck the halls to deck the shoppers. Luckily for them we only hear cripple songs from october to april. So manage in there, guys. The study supplied a motive for one of the most of notorious unsolved murders of all time. Law enforcement officials believe grandma got run over by a reindeer because she wouldnt stop playing the little drummer boy on her boombox. So he snapped and made it silent night. Trash tag, let the turkey cool. Topic number three. A volunteer santa claus was arrested after police found a crack pipe in his car. Jersey police initially became suspicion the man was driving without an ed hardy tshirt. But when they pulled him over and realized he was santa claus, red flags went up. He tried to sell them a dvd player for a quarter. A crack pipe, two hypodermic needles and a partridge in a pear tree were found in his vehicle. Topic number 4. Perhaps nobody is spending more time recklessly than shoppers spending money for recklessly than shoppers at tough any. The Julie Company unveiled the collection calder day objects. They called every day objects. This lovely continue can can be yours for 1,000. Your cat may hate you but will love playing with this 9,000 ball of yarn. They have a beautiful 500 pill box. The bad news is you wont be able to afford your medication. When you drop dead and swim with the fishes your loved ones can drink with the fishes using this 1,950 flask. You can always get a sterling silver crack pipe. Dont judge him. You would be smoking crack, too, if you had to put up with kids in a jersey mall all day. Topic number 5. Like you i dont need an excuse to drink. But if i did i would look in my mail bag which is where i hide my 2,000 fish flask. This is viewer mail. Linda lights it up with stop with the drama queen act. You added too many letters there. Rose says, do you listen to yourself . No. What a hockey puck. Thanks, done rickles. Now go join him in heaven with baby jesus. Byron writes, flapping your gums, you think you know everything. Flapping my gums, i know i think everything. So heavy. I may not agree with her politics. But i respect the way mia is its easy to think that all Money Managers are pretty much the same. But while some push High Commission investment products, Fisher Investments avoids them. Some advisers have hidden and layered fees. Fisher investments never does. And while some advisers are happy to earn commissions from you whether you do well or not, Fisher Investments fees are structured so we do better when you do better. Maybe thats why most of our clients come from other Money Managers. Fisher investments. Clearly better Money Management. On the only bed that adjusts on both sides to your ideal comfort your sleep number setting. And snoring . Does your bed do that . Right now during our semiannual sale, our queen c4 mattress with adjustable comfort on both sides is only 1499. Save 300. Plus 36 month financing. Ends monday. Visit sleepnumber. Com for a store near you. Kennedy mila kunis is the specksperson for jim beam and she is an outspoken abortion oh point. Abortion goes are understandably upset so they are calling for a boycott of jim beam products because she is their spokesperson. We cant ban everything every time someone offend our sensibilities or expresses some view we disagree with. Its quite another to ask me to stop drinking red stag. I refuse to distance myself from something that micks so beautifully with diet dr. Pepper. If you want to get back at me, donate in her name to prolife groups and let them send her a kind thank you letter every month. Rbmonth. Rabble rousery cuts both ways. Thank you for watching the show, making it the best hour of your day. Email kennedyfbn foxbusiness. Com. Bye. announcer the following is a paid advertisement for time lifes video collection. Ladies and gentlemen, dolly parton. Here you come again announcer its country musics biggest night. Just when im about to get myself together announcer when countrys greatest stars perform on countrys biggest stage. All my exs live in texas announcer and now, you can have your very own front row seat. You picked a fine time to leave me, lucille with four hungry children announcer . For the greatest Live Performances ever. Here are loretta lynn and conway twitty. 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