pale palestine. no plumes though. welcome, everybody. this is your world. i m neil cavuto. the latest derailment to chicago where you ll find garrett tenney crunching the latest. this could have easily been another chemical disaster, this train was about 2 1/2 miles long. you can see the aftermath of the 28 cars falling off of the tracks. none of those cars were carrying hazardous materials. but 25 other cars on the train were. that s why an evacuation order was issued near springfield, about 50 miles west of columbus until crews could see if anything dangerous was spilled. this is the fourth time in five months that a norfolk southern train has derailed in ohio. the state representatives are demanding answers. the fact that we re having derailment after derailment shows a loss of investment in our infrastructure. that needs to change. the rail companies are not spending on safety equipment. researchers from texas a&m and carnegie melon says while their independent
neil: all right. in a matter of days, the president will july line his budget for 2024. what a lot of folks are interested is the tax hikes that he s got tucked in there. a lot we don t know. if anybody would, it would be peter doocy. he s at the white house with more. peter? white house officials are claiming that when the president comes out with his budget, it will show $2 trillion in deficit reduction. they re not showing their work yet. the president is explaining where some of that money would come from. you know, there used to be in america when i started this job, this were i think 680 million billi billionaire. now it s about 1,000. you know what tax rate is?