Bulls and bears. Welcome to everybody. Gary, you say ignore all that noise down in washington and push through tax cuts right now. Exactly. If you are happy with the malaise we had under obama do nothing. I dont think 99 of mayor cans are happy with that. Here is the reason why. We need to keep and spend more of our own money. Other than nutty lefties which i think we all know who think spending is great and i present amtrak, the va hospital and every other thing the government does has gone over budget. People spends their own money for efficiently and effectively than the government. They are all about feel good, spend money we dont have. If we allow more people to keep their money, the government gets less money. Countries that spend less percentage of gdp do better in terms of gdp per capita. Is there not one company that ranks above us on per capita on gdp that spend more than we do in total spending. Whether its anecdotal or academic, spur the growth. Dagen it was rough midweek but rough rebound. Investors are sending the message to republicans to get with it and cut taxes. There is an expectaion this should come to fruition. People recognize the u. S. Tax code is outdated. Its not just how much we pay, its how much time and resources we spend in complying with the tax code. When we reduce the Corporate Tax rate workers win because workers peso many of those dollars through the Corporate Tax scheme. Dagen the slowest growth in three years, john, how much does this economy need tax cuts and jobs quite frankly . We need it badly if you want that gdp growth up. Its been 10 years we have not had gdp growth. Thats not a good record. If we have full employment right now and x only have 1 gdp, that means jobs that were created, they werent as good as the ones they replaced. The reason for that is Small Businesses are crushed. The ones that pay the highest tax rate in the world are the Small Businesses in america. They bought off politicians for decade and they have gotten tax breaks. If you are able to give these guys a tax break they will put it into capital expenditures. Thats exactly what we need. Dagen democrat or republican, if you own a Small Business in this country, they want and are demanding tax cuts. The on argument missing is this is what donald trump promised first and foremost. The republicans need to deliver on this specifically. This is why america elected a businessman ceo and president of the United States of america. I disagree with the argument that tax cuts are the way to do this. Now we saw Mitch Mcconnell saying we need to be revenue neutral. We know the donald trump plan has nothing to do with being revenue neutral. But if the republicans are interested in a reelection in 2018, they need to deliver on this. Dagen they need to level the Playing Field and let those Small Business owners and creators compete with the big guys. The big guys are the ones who need the tax cut. The stock market is up on anticipation of tax cuts somewhere in the code where there corporate or whatever. And you saw the market slide when trump got into an issue that looked like they would delay this stuff. Its not just trump situations. I dont know if we need a net tax cut. This economy is hot. Trump brought back an 80s con conspicuous consumption mentality. That will boost this economy. This is a rare opportunity to do a net tax reform where you make it easier to pay your taxes. But i dont see the cos of a major tax cut except for corporations to be more competitive in the economy. Lets talk about another rent that those wrench the republicans threw into the mix. If they finish tax cuts by august they could be retroactive. But if it happens later in the year, maybe not. Is that a big deal making this tax cuts retroactive . I would say its a medium deal. I would love for them to be retroactive. Not getting done as jessica said would be catastrophe, not only for the economy, but for the republican party. I want to go back to the point jonas made. We dont need them. Its not a question of need. Its a question of how does the economy operate more effectively . It doesnt operate for effectively by the government at these large levels of government spending. The optd mall level is 20 to 25 . Give me an example where tax cuts, cutting marginal tax rates dont work. We have seen example after example where they do. Its not just about marginal tax cuts. Not giving back people money. Not the tax for clunkers stuff, thats dumb. Marginal tax cuts i understand. Democrats like more money in their wallets as well. Donald trump is out there promising the largest tax cut in american history. Thats different than a marginal tax cut. You have got to get your president on the same page as you if you want to make that argument. Because right now hes speaking a different language. Dagen the republicans have had, they have been working on this for more than a year. And we have that border adjustment tax in there which they constituents dont want because it will race the price of retail and the price of gasoline. I point exactly to them. They had 6, 7 years to repeal obamacare and they didnt do it. They had 6, 7 years to put tax reform on the president s desk and they havent done it. They are in risk of screwing this thing up again because things that are not bipartisan like this border adjusted tax. The Corporate Tax which is bipartisan and the repatriation of money. There is no reason for apple to have 385 billion overseas and borrow money to pay dividends because they cant bring it back. Daesh cashin in coming up. President trump saying no president has ever been treated more unfairly than him. Is he right . Well see you at 11 30. Dagen . President trump telling our arab allies, time to pay up to help take down terrorists. With this level of intelligence. 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John, you say that miss and is long overdue. There is a reason the me controlrich the petrolrich countries dont have to have such a large navy. We are the worlds policemen. Other countries chip in but we pay the lions share. Quar qatar built an air strip hoping the u. S. Will move in so they dont have to pay for it. There is no reason these other countries dont chip in and pay their fair share. Dagen time for these nations to unite and fight terrorism there . Lets hope so. Terror is a global threat. There would be an expectation they would be interested in dedicating the resources and time to fight terrorism. We dont want to be fearful in the United States that lit come to our soil. But america can play a leading role but we shouldnt be the only ones doing it. Dagen the administration put together a giant arms deal with saudi arabia. Jared kushner calling Lockheed Martin to get the cost down on that. Obama was doing that, too. We sold a lot of weapons into the middle east. We dont have to be everybody one final word for our viewerss this force, thats great. We have a long history as with other countries like france, selling arms. An oilrich country gets poor and they are selling to other regimes. We have to use technology to control the use and location of these pea weapons we sell to them. Dagen jessica, what about the significance this is President Trumps first trip and how hes reaching out to these nations in the middle east with this message of unity . I think it a great thing and its unorthodox for it to be the first place a president goats on his first trip. And i think he has work to do with israel after what may or may not have happened in the Russian Ambassador last week. We do know that middle east countries take a lot of refugees and have contributed their own forces. But we lead in this arena and i understand the argument they should be paying more. President trump goesround saying you pay your fairhare. And wire not the easiest to deal with and hes losing confidence of the American People in his ability to handle our allies. Dagen they dont like to hear the truth. If you look at nato, there has been mention of an arab nato. We if foot the bill. We foot the bill with the united nations. Why is the truth such a bad thing . I want to pick up on a couple points jess sca made and john made. Its tough to break out from country temperatures budgets how much they spend on terrorism. Saudi arabia spends a lot. They spends 10 of their gdp on defense. We spends 4 . But most countries like egypt spends 2 or 3 . I flip it around and say if i am one of those countries like jordan, why should they . All we do is you should do this. We dont do anything about it. Johns point that we are the worlds policemen. We need to arm our arguments with actually pulling dollars. If they are not going to spends their fair share, we shouldnt say well just keep spending. We need to pull back and focus on america. The country is starting to say we have a hold here, we need to spends more. Dagen money talks and money can also walk. Cavuto on business coming u what have you got . Neil did if the market nix the donald trump Richard Nixon comparison. Donald trump told me what he would demand of the suffereddies before becoming president. We are back very soon. See you then. Dagen a rogue nation accused of dagen a rogue nation accused of causing this dagen a rogue nation accused of causing this here comes the fun with seadoo. Starting at just 5,299 and get 0 percent financing. Visit seadoo. Com today. I count on my dell small for tech advice. With one phone call, i get products that suit my needs and i get back to business. Abreak through your allergies. . Try new Flonase Sensimist allergy relief instead of allergy pills. Its more complete allergy relief in a gentle mist experience youll barely feel. 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Would pay if someone attacked the power grid . A trillion dollars in cost to u. S. Economy. Dagen this is cyber terrorism and its our job to fight it. There is a 22yearold english engineer on vacation thatound aay to activate the kill switch. Gary b. Is right. This also the new ware fare, something we warfare and we need to be ahead of this, not behind. So much, much our lives take place on computers this a sad and inevitable cost of living in the information age. Dagen jessica you are a democrat, you like spending money. I think the whole panel will be in agreement. I remember the leon panettas speech on the intrepid. He said the next major war in cyberspace. Microsoft has over 100 billion abroad dodging taxes. Interest on that in a few days would pay for another software evening nears to keep xp secure for 100 years. That policy where they are allowed to do that cities costing hundreds of thousands of computers to be at risk. And the digital currency. 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They are getting rid of the coffee frozen drink up 50 in a year. Dagen neil . Neil prosecutors in, but investors are not down and out. Before another democrat compares donald trump to Richard Nixon and watergate, i want you to take a look at what happened to the dow back then. Ben stein lived it. And was the only one here who was bern in that period. You were born then. Neil will you just work with me . We have charles payne, charlie