by taxing and spending trillions of dollars. the proposed changes are so profound that analysts say that even if a small portion of the plan is an enacted it will have a transformative impact on everyday american life. let s bring in larry kudlow to talk about those changes that have been coming for quite some time. i got some news for my various moles up on the hill. so house budget committee met saturday and if they took all the bills from the committees, you know the energy committee in the health care committees and so forth, the finance committee, and put them altogether so there is a number, 4.3 trillion that is circulating. whether that has given x or not i don t know. these are things that are scored over ten years. 4.3 trillion. now this is just gossip. the chances of getting reconciliation bills done this week are probably zero. maybe i shouldn t say zero. the yankees took three from boston over the weekend, i would
moment congressman, committee. i think our audience wants to know if infrastructure is going to pass without reconciliation, if these two bills are tied, i want to get to that in a second. first, we want to drill down on the spending. a moment ago you said $7 trillion and i said as well, looking at the reconciliation and the infrastructure package. how do you get to the 7 and $8 trillion number that the democrats want to spend? walk us through that. absolutely, maria. there s $4.3 trillion in direct immediate spending that falls within what was just marked up in the last two weeks amongst the 13 committees. where you get to the 7 or $8 trillion, it s hard to even calculate, is that the house democrats and the senate democrats are using these budget gimmicks and budget tools saying these programs will all sunset by the year 2024 or 2025 when you know as well as i do, once the barn once the horse gets out of the barn, you can t get it back in. once you squeeze thefoot the toe
budget committee, congressman, i think our audience really wants to know if infrastructure is going to pass without reconciliation and if the two bills are tied. i want to get to that in a second but first we want to drill down on all of this spending. a moment ago you said $7 trillion and i said as well looking at the reconciliation and the infrastructure package how do you get to the 7 and 8 trillion-dollar number that the democrats want to spend, walk us through that. absolutely, maria, there s $4.3 trillion in direct immediate spending that falls within what was just marked up in the last two weeks amongst the 13 committees, however, where you get to the 7 or $8 trillion it s hard to even calculate is that the house democrats and the senate democrats are still using budget gimmicks and budget tools saying that these programs will all sunset by the year 2024 or 2025 when you know as well as i do once the horse gets out of the barn, you can t get it back in.
the democrat party are laser focused on pushing through the economic agenda including spending $5 trillion on a green new economy. joining me right now to discuss how you will end up paying for this by your higher taxes the ranking member on the house budget committee congressman jason smith. congressman smith, good to see you, thank you for being here this morning. great to be here, thanks for having me, maria. maria: where are we at this point. we had 13 committees do their own mark-ups of nancy pelosi s reconciliation bill and what have we learned from the mark-ups an tell me where does the process stand today? congressman: maria, the tax and spending bill that we have before us is the largest spending bill that will ever be taken up in the history of this country. they say it s 3 and a half trillion dollars worth of spending, what has happened in the last two weeks in the markups amongst the 13 different committees actually has $4.3 trillion in direct spending
agenda including spending $5 trillion on a green new economy. joining me right now to discuss how you will end up paying for this by your higher taxes, the ranking member on the house budget committee, congressman jason smith. congressman, it s always good to see you. thanks very much for being leer sthis morning. great to be here. thanks for having me, maria. maria: where are we on this at this point? we had 13 committees do their own markups of nancy pelosi s reconciliation bill. what did we learn in those markups and tell me where this process stands today. i mean, maria, the tax and spending bill that we have before us is the largest spending bill that will ever be taken up in the history of this country. they say it s 3 and-a-half trillion dollars worth of spending. what has happened in the last two weeks in the markups amongst the 13 different committees actually has $4.3 trillion in direct spending but because of