At 2 stagnant growth rate, we cannot pay the deficit. If we get the Regulatory Reform done, we are going to have more money coming in, because were going to grow our economy. If we dont incentivize to get the money back, it will get invested overseas. Were happy what were getting done, realistic to how much more we have to do. Charles joining me now, peter morici. Peter, my pushback with gary cohn is that this thing is so magnificent, so huge, so big, and we already saw what happened when they tried to ram health care through without doing it in a more meticulous manner. Do you think its possible to get through massive, massive reform and do it in a timely manner. Its quite possible. Everybody acknowledges the Corporate Tax code needs a cleaning up. If they can find 51 senators with border adjustments, cut the rates down to 20 , and i think that would be very, very productive and easy to bring home capital on that level. How do you come up with Chuck Schumers middleclass tax cut, when the top 25 already pay about 89 of the taxes. Are they going to pay 100 of the taxes . They create jobs, those are the small businesses, if they raise taxes to create a middleclass tax cut, my goodness, there will be no investment in america. Charles business taxes linking small businesses, as you know, who they file mostly as individuals. Before we get into, that you brought up the border adjustment tax, i laid that out there a couple times for gary cohn, he never took the bait. I believe thats dead on arrival. You may well be right, you cannot get down to 20 without it. I think its going to settle in the range of 25. That would be revenue neutral and applying it to small businesses, the llcs would not seem burdensome on the personal income tax. They have to pay the payroll taxes, have to pay the irs to keep them off their back, that puts them in the range of parity on the corporate side and the personal side. Charles i can see you didnt see the interview, revenue neutral is out. In a sense of traditional cbo scoring, they want to use dynamic scoring and dont want the revenue neutral im building in a bit of that. Im building in a bit of that. I expect theres going to be dynamic scoring, but you cant get back every dollar you cut. If you think can you cut taxes by 200 billion and generate enough growth to give back 200 billion. That isnt in the book of economics. It doesnt work. Charles i want to bring in a panel. Dannene, heres the thing i think is compelling here. Lost in the news this week is the spending bill. 103 republicans voted against it, against the spending bill. Ask gary cohn, how can you get everyone on board with the major tax cuts that you are talking about when 103 of them abandoned the administration on spending . Well, its important for folks to realize that, look, americans put republicans in the house, the senate and the white house. And americans want our politicians to fight and fight back. And so were talking about cutting taxes, for example, cut taxes for everyone, good for the economy, good for jobs and especially with corporations and businesses, bring that money back from overseas. What Company Wants to bring the money back if theyre taxed on the 35 . Its all about incentives and create more jobs, more revenue, reinvest in the businesses and President Trump is the ceo of the country, hes surrounding himself with likeminded people to get the job done. Charles eric, a lot of the folks are wedded to constituents. First and foremost, railed in 20 trillion in debt to. Peters point, they dont have the faith that the president s bolder plan. Well see debt go up initially and be whittled away by an extraordinary plan. Thats got to be sold to the public, i think. It does, at the same time, she when you are repatriating money back to the u. S. , this is something we can all get around. And President Trump as hes shown with the health care legislation, almost apolitical when it comes to being the best leader that we have in d. C. , and hes going to be able to move that needle to where we ed it to be moved, and look, he ran on the Corporate Tax cuts. He ran on the wall, he ran on better infrastructure for the country, yes, that might upset different people across the aisle. Thats something he ran odelivering on the promises he made during the campaign. Charles stay with me for a moment, now i want to talk about President Trumps latest Campaign Promise and hes on its way now to being fulfilled, of course, Mainstream Media echoing what Congressional Democrats are saying, and saying for the most part, were on the cusp of a health care apocalypse that is upon us, peter, what we saw this week, means the beginning of the end of health care in america. Thats just silly. The beginning of the end in health care in america was last october, when the premium amounts hit, when people got the premium bills and sunk Hillary Clintons president ial hopes. Thats what really nailed her. My feeling is something had to be done, and we have to be honest here, what were dealing with is obamacare 2. 0. This is going to revise obamacare, make it affordable for the country, and its going to take away some of the incentives that jack up prices profoundly. My feeling this is not a perfect bill, i would have written it myself and made it better. Charles if you say so. They didnt hire me do that i couldnt have gotten the requisite mber of vos in the house with the bill, and commend speaker ryan for doing the very best job that was possible. I think we have to give a shoutout to Vice President pence who did an enormous behind the scenes jobs and again, President Trump pressed the flesh, didnt tweet anything negative about fellow republicans, they got the job done. The media is in full meltdown mode. I want you to look at most intriguing limousine liberals out there. Mow moral compass, no political compass, disabled children losing benefits in school. And what are we looking at . A bunch of fat, rich, middleaged white guys. I cant understand the messaging, cant understand the logic and most importantly, i cant understand the morality of this. Its not a health care bill. This is a massive tax break to the top 2 , 300 billion, and hundreds of billions of dollars more in tax breaks for Drug Companies and insurance companies. Charles so they had their bite at the apple deneen, obamacare was rammed down our throats. Promised a lot of things, got nothing but higher premiums and deductibles, who would go to the doctor if you cant afford it. Last time in 100 years, our Life Expectancy ticked lower as a nation. Yeah, the media bashing the health care bill, and listen, theyre not talking about the failures of the bill, ju as you mentioned, the rates and the doctor and you cant keep your plan, a lot of americans are suffering. But the media is continuing their war against President Trump and dont like the fact he can get around the media, a bunch of liberal elites. He goes around them with twitter and going to the rallies and taking his message directly to americans. They cant stand that. Charles eric, there are some parts of the bill that you think should be changed when the senate gets ahold of it . Thats what they say its going to do. Senator mcconnell has established that and were going to see how it takes place in the next few weeks. Back to the media. So out of touch with middle america. Iowa, 94 out of 99 counties would have no access to health care if obamacare continued. Matter of fact. I think President Trump and the republicans did the democrats a favor, they could have done the most political thing and let obamacare implode. They didnt do that because he is a solutioned based president and results based president. Thats how he ran his businesses and running the country. Charles lets leave it there. Thank you very much. A longawaited french president ial election 48 hours away. The stakes are as high as ever. Well take you to france live, and then well debate it, next. Theres a denture adhesive that holds strong until evening. Fixodent plus adhesives. Just one application gives you superior hold even at the end of the day fixodent. Strong more like natural teeth. Listen up, heart disease. you too, unnecessary er visits. And hey, unmanaged depression, dont get too comfortable. Were talking to you, cost inefficiencies and data without insights. And fragmented care stop getting in the way of patient recovery and pay attention. Every single one of you is on our list. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. Your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Charles breaking news, reuters just now reporting that the campaign of french president ial candidate emmanuel macron, well, they say theyve been victimized by a massive and coordinated hacking operation. We have Ashley Webster live in paris with the details. Ash . Reporter yeah, charles, the macron camp saying authentic documents were stolen and mixed in with fake documents to mislead the people. As you just said, that was tweeted out by the macron campaign, saying it was a coordinated hack attack, a massive hack attack as they put it. Unclear whether this is related to another claim from macron that there are russian links to a Smear Campaign online that suggests he has a secret bank account in the caribbean. Not sure whether this latest revelation is part of that but atever, is it hurting him in the polls . Apparent not. Macron has the lead of 62 to 38 for le pen. The latest poll weve seen. The campaign for the president ial selection now over. It ended at midnight local time. That was 14 minutes ago. The campaign is over, it was very heated. Bruising, bloody, but the french voters go to the polls on sunday, and you know what, charles, a growing number of people dont like either candidate. We took to the streets and asked that question, and heres what they said, take a listen. I think im part of the group that neither like macron or le pen, but i think we have no choice now. I dont like each of them, but i think i will vote for macron. I dont have choice. I dont want macron saying we support him. If i vote for him its going to be very late. Reporter so there you have it, charles. Not exactly a ringing endorsement for any of the candidates. We have seen some protests today, and ironically the protests are about the anger that they dont like the two people that are vying to be the next french president. One earlier protest involves students that had to be broken up with tear gas by riot police and we are expecting more civil unrest possibly here at the square on monday, after the results are known, but ill tell you what, charles, interesting situation when you have people protesting about something they dont know what the outcome is. Thats french politics. Charles yeah, all right, Ashley Webster, take care of yourself, and thank you very much. I want to bring in our panel lee carter and nigel adwald, polls are similar, saying it cant be done. Yesterday macron made a comment about le pen being hateful cowards. You called the brexit, you knew that was going to happen and you see similarities there. I see similarities. If you look at france, we would call it a patient, i would say cancer stage three or four, you have two choices, le pen is chemotherapy with side effects and macron who wants to throw you a yoga mat and say lets find inner peace. Its either same old or same old or forceful and disruptive. At this point something needs to happen and looks like more of the same unfortunately. Its a shame. Charles lee, the apathy part of this is a wild card. It is. Charles because i think people say pollsters in america got it wrong. I dont know that they got it wrong except they could not understood who showed up. If everyone showed up who could have showed up. Perhaps wed have another president. A lot of factors in why American People got the election wrong. Hillary clinton never had intensity of support. Macron does not have intensity of support. So if only 70 of the people say theyre going to vote for him arent enthusiastic about it. On the other hand, people voting for le pen are very enthusiastic. Her supporters are going to show up. If it rains, if you had too much wine, you are less excited to vote for someone you are not excited to vote for. You are facing a vote, she could be facing a selfreported issue where im not sure i want to say it out loud. Polls are a difficult way to get people to share what theyre thinking. Having the basket full of deplorables moment that macron had, people get afraid and say im not going to hold my nose and do it. Heres something that you dont like the people you are going to help. Add those altogether, she has a shot and certainly closer than people expect. Charles do you agree . It will be closer than they predict. She had to go through so many Smear Campaigns. One thing about france and america, french are deadly afraid of reform. The minute you want to create a big change right away, you have the unions on your back and against you. Charles but you do have this chronic 10 or more unemployment. You have the socialist president who had single digit popularity. Yes charles feels like if ever theres a moment in time. Ow or never. Charles try something different, it could be this time. They should at this point. Macron has been called everything and called himself everything. He was a socialist. He was a banker and a centrist. A liberal. Hes everything across the board. I cannot work it. I dont know what he is. Obviously somebody who wants to get elected and at the end of the day, hes going to keep things and we see france going down the tubes. Charles the good thing for le pen, a woman in control of france, it will either be her or angela merkel. As a german, i can say thats true. Charles thanks a lot. I appreciate it. Another programming alert, a special programming alert. Special coverage of the French Election results this weekend, lou dobbs with full coverage and reaction sunday night, 7 00 p. M. Eastern on fox business. The april jobs report surprise analysts coming in much better than expected, were going to break it down and tell you what it means for the economy and your wallet. Next. Break through your allergies. Try new Flonase Sensimist instead of allergy pills. It delivers a gentle mist to help block six key inflammatory substances. Most allergy pills only block one. New Flonase Sensimist. Ltry align probiotic. N your digestive system . For a nonstop, sweet treat goodness, hold on to your tiara kind of day. Get 24 7 digestive support, with align. The 1 doctor recommended probiotic brand. Now in kids chewables. Charles the jobs report, a serious surprise. In fact, analysts were not expecting this, 211,000 jobs added in the month of april. The Unemployment Rate dropped to 4. 4 , a 10year low, the unofficial but real Unemployment Rate might be bigger news. Well discuss it with david bunson and eric, the jobs report came out, the market was not necessarily indifferent but not the joy that you would have expected. Where do you think the confusion was and the street realized as the session went on, its a pretty good deal . Has to do with the number being better than expected but nothing overwhelming. The 211 versus 180, 185 expected, but the underemployment number at 8. 6 , the lowest number since early 2007. Thats the number that matters to President Trump because thats what reflects people, he campaigned a lot about. This people taking parttime work when they wanted fulltime. Wage growth being 2. 5 , very few government jobs being a part of the number. So in the weeds as the market absorbed what was taking place, things looked better throughout the day. Charles eric, 300,000 people who were parttime workers no longer parttime. That suggests moving from parttime to fulltime. That number coming down and may be a forwardlooking indicator . At some point President Trump has to get credit for job creation and the economy. When he took office, dow was about 18,000 points, now at 21,000. Been about 700,000 jobs created if you include january. So hes creating a culture of confidence into the marketplace, and youre right, analysts have continued to get it wrong and predictions have been wrong because i tnk the culture of condence that now resents to all americans, especially middle class americans is were going to protect american jobs and those are the policies hes been instituting. And i think at the end of the day, we had to keep creating the policies that make sure that we keep our jobs here at home. Charles david, one thing i talk about, theres a lot of anxiety from people who are serious market watchers, if you are not necessarily in the market and the artificial timelines. Get this done in the first 100 days or first 2 pasadena days. I think the economy is confident in this administration, and some of the wheels have started to move. Theres the soft data and the hard data, particularly, earnings, we could see movement. We could, whether it be consumer confidence, Business Confidence or market confidence, that seems to be the case. If there is seemingly bad new, the first time the house was not able to get repeal and replace done. The markets shrugged it off. Weve been talking to clients all year. The market got ahead of itself by not factoring in the political volatility. Ultimately getting tax reform done, health care done, people believe its going to happen and it is playing out in the data with jobs,ing and the rest of the year, youre going to see tremendous gdp growth. I agree with eric, the president will get credit if the things surface. I dont know that 107 days is enough to gauge it all. They are othe ght trk and people have the confidence. Charles eric, is part of this, to davids point, confusion who had the president s ear more but now seems clear, particularly on economic issues, the combination of gary cohn and steven mnuchin, wall street has a tremendous amount of confidence in those guys. When they speak, they speak with such clarity, you believe theyre going to get this done. Look, in the spirit of the nba playoffs, they say the freethrow line doesnt lie. The numbers dont lie, the market follows confidence. You are right, might be more advisers, might be the mindset of, hey, we know how to work wall street, we know how to understand the economy. We know how to create jobs but all boils down to President Trump and Campaign Rhetoric and following through with the Campaign Promises during the campaign which is to keep jobs at home. When you talk about repatriating american money for ceos, whats that going to do . Allow them to create more jobs here at home. The market is willing if leadership and President Trump is leading. Charles gentlemen, thank you both, very much. The state Department Unveils plans for extreme vetting, just as a new report shows the number of immigrants coming into america. The number of refugees is plummeting. Weve got all that for you, next. I use whats already inside me to reach my goals. So i liked when my doctor told me i may reach my blo sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its supposed to do release its own insulin. Trulicity responds when my blood sugar rises. I take it once a week, and it works 24 7. It comes in an easytouse pen and i may even lose a little weight. 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If you want help improving your a1c and blood sugar numbers with a noninsulin option, click to activate your within. Ask your doctor about onceweekly trulicity. On a perfect car, then smash it into a tree. Your Insurance Company raises your rates. Maybe you shouldve done more research on them. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Liberty mutual insurance. Charles breaking news, state department ramping up vetting process, incorporating a plethora of tough, thorough questions for visa applicants. Despite twice failing to institute that 120 day trial moratorium. Really railing against this. Suggesting that something nefarious is going on, Trump Administration somehow breaking rules. I assume they are just following existing laws. Yes, i believe that numbers are misleading, Trump Administration brought did a pause, there are some left in limbo that are heartbreaking stories, i supported the pause. It breaks my heart for beacon of america not be as welcoming for refugees, but who is to blame . The obama administration. With so many refugees flooding the system did not have a