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Transcripts For FOXNEWS Cavuto Live 20240706

trillion could soon approach the size of the defense budget. let that sink in, neil. president biden is calling for more taxes on the rich. he speak recently in virginia beach. i want to make it clear, i m going to raise some taxes. any of you who are billionaires out there, you re going to stop paying 3%. not a joke. biden met with kevin mccarthy just once since he became speaker and with a debt of over $31 trillion, many republicans are concerned about potential cuts in national against, a time when the biden administration is arming ukrainian forces with billions in american weapons and with the threat from china increasing. the 2022 and 2023 defense budgets are 3% when the kennedy administration was spending 9% of u.s. gdp on defense, building up the arsenal which the pentagon says is aging and is needed upgrades to the tunes of billions ever dollars. and jfk cut taxes and shortly after his death. that was then. lucas thank you very much. i raised this issue with jo

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