enough you re a total supply sider. i love it. martha: it s a common sense argument. you re right. one of the things that kills me, there s a free lunch program in new jersey. it s for everyone. you don t need help to send your child s lunch to schools. so those kids are growing up thinking lunch is free. god help the person that tries to take that away, larry. talk about free lunch. once that happens, once it s baked in there it s important. what you said. you ll pay for it with higher taxes and higher inflation. i think most again common sense americans know this is not right. they don t want big government socialism. they don t want a welfare state we re all dependent on. the democrats didn t win this during the election. they didn t have a mandate to do it. now though chickens are coming home to roost. the big news is we re going to pause the big bill. i m in favor of that. i believe in saving martha: we ll see if larry
we ll see what the elections are. in 1982 with the tax bill passed reagan got hammered in the off election. we own only won in 198449 out of 50 states. that was real close. we haven t had enough prosperity where people feel expansion. it is coming, coming very quickly. by the time we get to 2019 and 2020, it will be roaring. trump will get a lot of credit for that. paul: any elections in particular, governorships, house or senate where you think the economy is worth noting? one is really big and that s the governor s race in connecticut. paul: okay. a guy named bob stfanoski running against bob lam month. he is free market economic supply-sider, versus stagnant
my treat to be here. this is a very unpopular bill. exceedingly unpopular. we ve been showing polling of it all day. how are the democrats going to take advantage of it? you heard schumer saying republicans will rue the day. how will they do it? two lines of attack. tax cut for the rich never polls well, even with republicans. it s not a popular thing to push. there are people like pat toomey, senator from pennsylvania, supply sider, who genuinely believed down to their marrow it will boost the economy, that money will trickle down, et cetera from a political perspective it s not popular and they are going to pound and pound and pound this was a tax plan for the rich. and republicans will have a hard time whip the degree to which it helps the members of congress. they have members of congress that don t look like ord ninary
table yesterday and the market hit an all-time high. there s some things you have to take off the table. the gop has been doing too much horse trading amongst themselves. the democrats are not going to play ball. why are they neil: make all of these allowances to win votes. but you re in the camp that certainly that is a wall street kind of view, you don t have to pay for tax cuts. i don t think you have to pay to the degree that chuck schumer would suggest. i m a supply sider. ronald reagan proved that more money goes into the coffers of the treasury when taxes are lower because we spend more and circulates in the economy. it s not rocket science per se. there s diehards on the gop side that would like to see it more closer to being revenue neutral. it s not the feuds, but the other folks sticking with the orthodoxy that is coming with
take that. i m a reaganite. i worked with jude and art and jack kemp before reagan was a supply sider. if i can get 80% this year by thanksgiving, take it. frankly economic growth will make the wealthy wealthier. they don t need a tax cut if the economy grows. we can go from the terrible obamacare growth rate to 3 or 4% growth rate. the wealthy will be just fine. newt, thanks for seeing me again. thanks much. optimism that everything will be okay for those legislative goals. the nasdaq, s&p 500, russell 2000 all closing at record levels. the dow not but up appreciably just the same. more after this including fall-out from the jeff sessions comments. if you re being publicly humiliated whether justified or not, at what point do you cease