Noise and astound you. Government regulations cost this economy 1. 9 trillion a year. Put it in perspective thats about 50 of the tax revenue that the government takes in, thats 10 of our gdp. Do you know what donald trump has done . Cut those regulations by 32 . Hes a bigger cutter of regulations than Ronald Reagan was. If he goes down for one thing in his legacy, its cutting all of this government red tape. Its going to make the economy stronger. It may even be bigger than any tax cut we could all get. Dagen john i no one thing that the dow just among the market gauges is up about 25 this year and stocks were surging even before a tax bill was even really being talked about in washington and why is it . Its cutting all that red tape. Yeah, i agree with that and look, you had the Morgan Stanley plan index has the highest business that weve had since 2007 according to the latest survey because businesses are feeling more comfortable but gerri b. Has great numbers but you also look at regulation which by the way has not been dealt with since the 1996 gay business Small Business fairness act by president clinton which helped boost the economy along with internet boom, weve had 20 something years of regulation stacked on top of each other since 1996. Look at the tax code. It cost americans 409 billion to comply with this complexity. 1984 he had 23, 800 pages and you have triple that right now. Its the same for regulations. We are burning american and american businesses with all of this excessive regulations. Dagen emily what is it . Is it the tax cuts that are coming or the regulation cuts that are already here . Well i think the regulation cuts are completely under appreciated. A recent business round table survey of chief executives found for the first time in six years, regulatory cost pressure rs they did not list those as their top cost pressures. That is huge. That is absolutely an impossible to overstate the importance of. Its a massive thing happening even republican administrations in the past we have seen have not dealt with Regulatory Reform so simply not adding regulations is a huge step for an administration to take and i think its something were glad that the Trump Administration that were all going to be glad the Trump Administration tackled because its not an easy thing to do. Listen im in washington and telling you nobody here wants to see regulations gone. Dagen President Trump was talking about for every one new regulation its 22 for every one thats what he was talking about this past week. I mean listen. These are two bad choices for the democrat and me so i like higher taxes and a lot of regulation but i think i like higher taxes more than regulation so ill go with regulation as well. No, i think also, were just in creditly optimistic as a nation coming into the businessman presidency that was something a lot of people bought whether you were a supporter of President Trump or not we did have too many regulations just looking into the reaction from Small Business owners which has been so positive to the red tape cutting i think that thats what has been responsible for this especially when you look at the fact theres such negative approval of the tax bill as it sounds. I know were going to find the next few days actually whats in the thing but as it stands america is not a fan. Dagen jonas, what is it cutting regulations or the tax bill because quite frankly on businesses that create jobs and give us raises theyre both huge burdens. But lets weigh them properly its the tax bill. First of all look. Theres no question cutting regulations helps corporate earnings. It might not help the air but it definitely helps the stock market and helps earnings. The regulations are great but corporations earn hundreds of billions of dollars a year. If you cut the president i think they cut 8. 1 billion in regulations lifetime of these companies thats a 2 Corporate Tax cut in one year. You cant compare the magnitude of a Corporate Tax cut to the stock market with the multiplier of earnings as you can to changing some environmental regulations. That doesnt mean were not going to get more cuts that have more of an impact but it never matches this Corporate Tax cut. Dagen but gerri b. , back to your original point it is astonishing at the burden of regulations that came out of the Obama Administration over eight years. What they reregulated through obama dare, doddfrank which was a hold on financial companies. They regulated the internet, nationalized student loans, tried to put the cold business out of business its astonishing how vast the regulation drive was during the Obama Administration. Well youre right dagen. I mean he was just really the exclamation point and it all started back in the jimmy carter days, but apart from the numbers that we discuss, john alluded to , anecdotally im sitting here im dumbfounded when jessica says and people like jessica, i want more how did i know youd Say Something about what i said . Thank you. I would question anyone in jessicas chair to say oh, it was so easy to do business with x Government Agency. Is it easy to do business with the Social Security administration . Is it easy to do business with the department of defense acrosstheboard even on your local level. In defense of what i was saying about regulation. Go to the dmv, and say oh, that was a pleasant experience. There is no Government Agency out there thats easy or efficient. We have a bureaucracy problem for sure but i wasnt just talking about regulations that affect the business community. Whereas also as jonas brought up youre talking about the eps and food regulations and things President Trump takes a sledgehammer to that he doesnt know what hes doing. He has people who have no interest in them existing. But how do you manage to assist this society before those regulations increase exponential ly from jimmy carter through obama . How do we jonas is going to tell us. Dagen you made the point im making in a strange way. Look how much the stock market is up since obama these areas that are highly regulated. Of course to fight these regulations. Here is my Point Financial stock is hot as can be with these regulations still in place largely, doubled since the amount they almost went bankrupt before the regulations. My point is if obama raised a Corporate Tax rate instead of doing any regulations i guarantee you the stock market wouldnt have been up as high as it has gone even with all those obama regulations you might say the market could go four times not whatever it did, but the multiplier with the Corporate Tax rate with earnings is higher than all the obama regulations and all the one trump takes away combined. Dagen but president obama did raise taxes. There were taxes embedded in the obamacare bill. Taxes went up on welfare america so youre getting this onetwo punch that is going to basically knock this economy into over drive. And the stock market and the earnings multiple with apple stock. Dagen go ahead. President obama when he first came in at 2. 1 trillion in revenue and 2. 3 trillion when he left office taxes had gone up about 50 . That amount right there is in excess of 19 of gdp which is what the market can handle but to Jessica Point about people not knowing what they are doing doddfrank wrote the doddfrank bill. Those guys were in charge during the financial crisis. They didnt see it coming and they are the ones writing regulations for themselves not seeing it coming thats the problem with regulations. Guys who dont know what they are doing all they did was dealing with nothing that had to do with the 2008 crisis. Thats the regulations were see ing and it did suppress bank earnings. Dagen thank you guys and gals, cavuto on business about 20 minutes from now neil what have you got . Neil dagen tax cuts by christmas, bigger paychecks by february. That is President Trumps prediction, but will it become a new year reality . Plus, stopping some terrorists by changing our immigration process, the white house says that a meritbased system would do it. We are all over it see you soon. Dagen thank you neil we cant wait but up first we just told you how tax cuts and deregulation can build up our economy but someone here says those antitrump texts in the russia investigation could be a real downer for the economy. They will explain, next. When it comes to strong bones, are you on the right path . We have postmenopausal osteoporosis. And a high risk for fracture, so with our doctors. We chose prolia®. To help make our bones stronger. Only prolia® helps strengthen bones. By stopping cells that damage them. With 1 shot every 6 months. Do not take prolia® if you have low blood calcium, are pregnant, are allergic to it, or take xgeva®. Serious allergic reactions, like low blood pressure; trouble breathing; throat tightness; face, lip or tongue swelling. Rash, itching or hives have happened. Tell your doctor about dental problems, as severe jaw bone. Problems may happen or new or unusual pain in your hip groin, or thigh, as unusual thigh bone fractures have occurred. Peak to your doctor before stopping prolia®, as spine and other bone fractures have occurred. Prolia® can cause serious side effects, like low blood calcium; serious infections, which could need hospitalization;. Skin problems; and severe bone, joint, or muscle pain. If your bones arent getting stronger. Isnt it time for a new direction . Why wait . Ask your doctor about prolia®. [he has a new business teaching lessons. Rodney wanted to know how his business was doing. So he got quickbooks. It organizes all his accounts, so he can see his bottom line. Ahhh. Thats a profit. Know where you stand instantly. Visit quickbooksdotcom. Live from americas news headquarters in washington good saturday morning to you im leland vittert. There was some last minute drama but now Congressional Republican s appear to have enough support to pass their tax reform plan. Senators marco rubio and bob corker now saying they will vote yes, putting President Trump on the verge of his first major legislative victory, lawmakers expect to vote on their bill next week. High winds dry weather fanning the flames of the thomas wildfire in southern california, no end is in sight. The wildfire has claimed the life of a First Responder and torched some 700 homes. Emergency Officials Say its about 35 contained as it continues to burn northwest of los angeles, making it now the states fourth largest fire in history. Im leland vittert, more news as it breaks. Now we return you to bulls bears. President trump it is very sad when you look at those documents and how theyve done that is really really disgraceful and you have a lot of very angry people that are seeing it. If you have those walmart shopping trump voters that peter strzok so derided in his Text Messages how do they react to that . Do they have confidence in their fbi and department of justice . Theyre going to ask me what in the hell is going on with the department of justice and the fbi. Dagen some americans may be losing confidence in the department of justice and the fbi as newlyrevealed antitrump texts from members of Robert Muellers special council team show a bias for Hillary Clinton and against President Trump and his supporters. Emily if america loses confidence in our Justice System not good, right . Probably the most important thing of the outcome of the special Council Investigation is Public Confidence because if the public does not have confidence in the decision whatever the ultimate decision Robert Mueller makes is, its going to be, theres going to be a problem because people wont accept the results of it which could create a massive headache and yes, that could eventually translate to even further lack of confidence acrosstheboard. Our institutions right now are suffering from a declining lack of confidence. Its a huge problem and Robert Mueller knows it because thats why he fired of course the man responsible for these Text Messages did it quietly. We didnt find out because he doesnt want the public to lose confidence in the investigation. Its key. That is the most important part of this investigation. Dagen that individual was reassigned by the way but john what if this country stand on if we dont believe that the laws of the land are being enforced . I point to lady justice, the statue. She wears a blindfold. Shes supposed to be impartial. What our country stands on is completely different from what our government stands on. Look you have a 13 Approval Rating of our congress and people who believe in our congress, and now put that in perspective. 20 of america believes in alien abductions. 50 larger group but so thats within the factor of crazy and why wouldnt it be . Look at what has gone on in our country the past 70 years. The vietnam in Jay Edgar Hoover in the 60s, a president resigns in the 70s, a president is impeached in the 90s pick your scandal in the 2000s the government has lost the confidence of the people because the government is not worthy of that confidence right now. Theres good people there but too many selfserving politicians have found themselves in power and thats why confidence has eroded because americans are smart and they see what our government is doing. Dagen but gary b. , from the antitrump plotting we found out about with the man working on the Hillary Clinton investigation and then for bob mueller special counsel when his mistress and him were texting back and forth whether its an official at the Justice Department whose wife actually worked on putting together that discredited trump dossier paid for by the democrats, weve got to get to the bottom of this or nobody will ever trust anybody in Law Enforcement ever again. Well here is the problem though dagen. And it kind of dovetails what we were talking about last week when i said we should move on from the hillary thing and it dovetails with our earlier segment talking about cutting regulations. The trust in government is gone. Its done. John said like 13 i think overall its about 18 in government in total. It hasnt always been this way. Back in the days of jfk, now maybe that was cammellot and everything but people believed it was like 70 people trust the government and now 18 . Thats why we need a Smaller Government that does less. I agree with the things you brought up these things should be investigated. On the other hand no one trusts the government to get it right so lets just shrink government and move on from a lot of these. Dagen jonas . The internet just giving us more insight to peoples bias, justice is blind. The point isntdagen i didnt say she was blind. I said she had a blindfold on. [laughter] i think the expression is she might not like George Washington , but the point is if hes in trouble are you being objected . Dagen he was like you have opinions i dont doubt your integrity are you do you know what . I cant send people to jail or lock them up. Thats why its more important that these individuals who are working in the Justice Department are working in the fbi show basically arent as bias as they are. Well the high tax is very clear that we are supposed to be able to have our political opinions even if you are working in the federal bureau of investigation. What you cant do is you cant act upon it and thats why peter strzok was fired because he was sitting around. Dagen he wasnt fired. Hes not doing anything and i think jonas to this point here, the Text Messages of the fbi agents that looked into benghazi , we dont have the ones looking into Hillary Clinton for all of the iterations of the investigations here. Donald trump is undermining the doj every single day. He is promoting a message that is damaging to america and will erode confidence in every Single Institution and he doesnt care because he knows hes going down dagen emily final word to you. Some of the questions directed to the fbi have been very fair on both ends as a middle ground, we can be critical of the fbi and at the same time we can ask the right questions of this investigation and have confidence in the final decision. Dagen increasingly it looks like the real collusion was against the Trump Campaign within the fbi and Justice Department and by the way that walmart that strzok went to was in southern virginia so bless your heart. [laughter] dagen thank you guys and gals cashing in over an hour from now liz claman what do you guys have coming up . Hi dagen. Will the final tax cut bill really only help just the wealthy like democrats and even some conservatives say or will it help all americans like President Trump says . We debate, you decide, plus a new report shows nearly 5 million americans are in default on their student loans. Is this the next bailout the taxpayers should be worried about . Ill see you at 11 30 eastern. Dagen thank you liz well be watching but up first some folks right here warn that the Iran Nuclear Deal withs a bad deal for america and our allies and now our ambassador to the u. N. May have just proved them right. We play the tape. You decide. Its ok that everyone ignores me while i drive. Its fine. Because i get a safe driving bonus check every six months im accident free. And i dont share it with mom right, mom . Righttt. Safe driving bonus checks. Only from allstate. Switching to allstate is worth it. If yor crohns symptoms are holding you back, and your Current Treatment hasnt worked well enough, it may be time for a change. Ask your doctor about entyvio, the only biologic developed and approved just for uc and crohns. Entyvio works at the site of inflammation in the gi tract and is clinically proven to help many patients achieve both symptom relief and remission. Infusion and serious allergic reactions can happen during or after treatment. Entyvio may increase risk of infection, which can be serious. Pml, a rare, serious, potentially fatal brain infection caused by a virus may be possible. This condition has not been reported with entyvio. Tell your doctor if you have an infection, experience frequent infections or have flulike symptoms or sores. Liver problems can occur with entyvio. If your uc or crohns treatment isnt working for you, ask your gastroenterologist about entyvio. Entyvio. Relief and remission within reach. Dagen coming up we gave iran billions in that nuclear deal and they gave us a promise to behave guess what new proof theyre not plus a surge of holiday travelers inspiring one of our g the iran regimes behavior is growing worse. The nuclear deal has done nothing to moderate the regimes conduct in other areas. When you look at this missile, this is terrifying. This is absolutely terrifying, and this is why it has to stop. Dagen u. S. Ambassador to the United Nations nikki haley standing with the recovered missile launched at saudi arabia s capitol and she says its undeniable proof that iran is violating the nuclear agreement. Gary b. , youve been saying all along the iran deal was a bad one. What do you say now . Well its simple and we shouldnt be surprised. Look, dagen with the history of the world, we have had so many bullies, nazi germany, the soviet union, north korea, iran, iraq, what have we learned time and time again . You cant reason with bullies. We keep trying to and it doesnt work out. The only thing you can do is punch them in the nose and move on. Thats what we should do with iran. Dagen john . Look, i agree. Gary b. And i have said this since the very beginning and since john kerry first started, this is a terrible deal. We had four aces, and we gave them everything they wanted. The toothpaste is out of the tube right now. We have a signed deal thats almost impossible to put sanctions back on. Dagen peace for our time. Jess not so much. Ill be interested to hear what other people in favor of the deal have to say. We know Rex Tillerson is sad iran is cooperating, people like former secretaries of state so wait and see but im a fan of nikki haley. Dagen emily . Well i think nikki haley made a very good case she put the evidence out in front of everybody and as time goes on were speaking that the deal has not proven to be as wise as some people were telling us it would be at the time. Nikki haley made a strong case definitely something to Pay Attention to. Dagen jonas . Final word. I dont know having a non Nuclear Missile but i dont want to get into that. Bottom line is you give the best deal possible say they have to pay us to meet the places weve looked over with their oil revenues ill give you the best deal ever right . They can cheat on that deal doesnt mean its a bad deal so lets separate the quality of the deal and then be bad and not Pay Attention to the deal after we did it. Dagen thank you guys thanks emily and jessica for joining us coming up one of our santas little help turpitudes says the best way to put green in your stocking and wallet is to stay away from one of the most popular gifts of all, well explain, next. 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. Dagen predictions gary b. , go. Dagen if you have family christmas means one thing. Going to the airport to pick them up. Delta up 30 in a year. Dagen john predictions . Self driving cars Artificial Intelligence benefits intel chip s i own the stock. Dagen jonas . The cryptocurrency currency bubble, gold up 30 in a year. Dagen john . Make sense of that please . [laughter] im going to buy jonas a self driving scooter for christmas. Dagen and a helmet and some insurance. I dont need it. Neil now. President trump if Congress Sends me a bill before christmas , the irs, this is just out, this is breaking news, has just confirmed that americans will see lower taxes and bigger paychecks beginning in february. Just two short months from now. [applause] neil say it again mr. President say it again. Christmas miracle is turning into a new year bonus that could happen, hi everyone im neil cavuto. The president very confident the tax reform bill will land on his desk by christmas and that will give americans bigger paychecks maybe as soon as february, so can it really happen that fast to charles payne, charlie