there. david: it s all taxes. taxes. i m not these are for examples. for examples, the capital gains tax could be changed, could be reduced from 23.8% which is very, very high. there s a lot of things that can be done to simplify the tax code, to help middle class folks in small businesses, to lower rates, to create incentives. david: so tax cuts 2.0, is that a campaign strategy headed into 2020. the head of forbes media, steve forbes. and co-chair, and jessica tarhov. taxes a strategy? the tax code, much too high and even in blue states they d love the idea of reducing tax rates and stimulate the economy. good tax cuts are good. the idea that you can overstimulate with good tax cuts is preposterous.
worrying. cavuto live starts right now. welcome, i m david asman for neil cavuto, john roberts, it s all going down, john. david, good afternoon to you, president trump just finished lunch with emmanuel macron, bit of a surprise, we weren t expecting him to have lunch with the french president, we didn t expect him to do anything until tonight. the two leaders did sit down and the president saying that despite recent tensions including france s decision to tax american tech companies which may result in president trump s slapping tariffs on french wine, the relationship continues to be strong. listen to president trump here. we actually have a lot in common. we get along very well.
western areas of the gulf, we are not worried about that developing into something tropical but bringing a lot of rain today across central coastline there in louisiana, this is the system brewing across just offshore of florida, all out of our guidance continues to pull this off towards the north and stays offshore but we will likely see some kind of development of this into tropical system staying offshore, one of the reasons we think that when we look at models, you get the idea, everything offshore, i don t think we will see direct impacts. another thing when you look at forecast rain potential, over the next few days, you get the idea, nobody here along the coast getting major amounts of rain, so that s good news, however, we will have something lightly offshore, we will see winds, awes and rough time here throughout the southern eastern beaches in latter part of august. you go further out in atlantic, this is the time of year where we get the system that is come off the coast of
for all. a lot of these union people have fought for the golden medical that might be wiped out and even though they re fighting to have a plan in there. joe biden told me if you like your plan, you can keep it. which i definitely trust that because of how that s worked out in the past. that s a huge thing, a lot of people worked for the plans they re happy with through their employer. and medicare for all could wipe that out. and i don t think that anybody or shouldn t trust joe biden when they say you can definitely keep your plan. david: that s a problem for anything with for all, you can t make exceptions. if there s one plan for all, you can t make exceptions. bernie sanders said medicare for all said you couldn t do it. he put out a plan who has an
on people, you not only keep more, but you earn more. david: all right. let me switch gears a little bit for you, jessica, on the recession talk because there s been a lot of recession talk, not just by democrats, but in the media itself, also by people on wall street that are concerned about. you saw the market drop yesterday. right. david: most of that was china concerns, but a lot of it was this underlying concern about how that might affect the overall economy. how is that going to be played out on the campaign trail by democrats? i think it s going to be played out. no one wants a recession. this isn t a bunch of candidates running around talking what the president did yesterday on his twitter account, basically, moving us closer and closer to recession via tweet, frankly undoing the progress. david: even though schumer supports on taxes. he supports with china, but doesn t support a trade war and