All right, Donald Trump presently in this race might mean even in the polls, but leading when it comes to some of the big Tax Cuts hes looking to enact, not only bringing back and extending the Tax Cuts that dominated his presidency, but no tax on tips, no tax on Social Security benefits, no tax on overtime and some have been picked up by the Harris Campaign. First to trump and the big sell he had with that in Las Vegas where youll find our Mark Meredith right now. Mark, back to you, my friend. Neil, good morning to you. For months, voters have been giving Donald Trump an edge over democrats when it comes to the economy and now, trump is doubling down on his pledges to cut everything from Overtime Pay to tips and even Social Security benefits. It could resonate in the Swing State and especially in nevada as you know has a heavy hospitality industry. When im back in that beautiful White House, well have larger Tax Cuts for workers and a special tax that here is going to do i think to do quite well. Its called no tax on tips. The Washington Post though writes, economists are concerned that trumps proposal could distort income. And people who are salary could press their boss to be hourly. And some states are looking at this. Alabama is looking into exempting overtime and taxes. And under harris, she wants the Child Tax Care credit, and higher taxes on some americans who make Capital Gains and vowing to spend taxpayer dollars to help parents get a Home Or Launch Small Business. My approach is about new ideas, new policies that are directed at the current moment and also to be very honest with you, my focus is very much on what we need to do over the next 10, 20 years, to catch up to the 21st century around, again, capacity, but also chal challenges. The Trump Campaign has been hitting harris overnight on some of the answers in the interview with the local Abc Interview and that it was Word Salad and couldnt get anything out of it. And the clips will make it out over the next few days. Trump says if harris has a plan to fix the economy and tackle inflation, whats the reason for waiting . Why hasnt that happened already under the administration and neil, i should mention, your birthday is next week. After the show you should take the Cavuto Jet and a Pool Party at mandalay bay, no T Tie required. Neil and you beat me to asking you why you dont have a tie. You dont have arcane things like me, management, mark can do what he wants, neil. Yeah, thats the thing, is that im a working man, whatever i can to get the audience on my side, im all for it. Neil there you go, there you go. Always fun, thank you, Mark Meredith in Las Vegas. I know the next fellow is wearing a tie and maybe he takes his job seriously. Lucas tomlinson is at the White House concentrating on team harris. A Big One tonight. If you make it out to Las Vegas, maybe you can find billy walters, one of the gamblers, and i digress. And Kamala Harris sat down with a local affiliate in philadelphia. When we talk about bringing down prices and making life more affordable for people, what are one or two specific things you have in mind for that . Well, ill start with this, i grew up a middle class kid. My mother raised my sister and me, she worked very hard, she was able to finally save up enough money to buy our first house when i was a teenager. You know, i grew up in a neighborhood of folks who are very proud of their lawn. Now, Yesterday Vicepresident Kamala Harris spending a lot of time in pennsylvania, of course, energy a huge issue there where fracking is King And Pennsylvania is the second largest producer of natural gas. Its notable the bidenHarris Campaign and the administration, excuse me, neil, blocked new licenses for the exports of the u. S. Liquefied natural gas, something the judge halted over the summer and the vicepresident is adamant that shes not against fracking. Yesterday while meeting with his british counterpart weighing will to allow ukraine to use long range british weapons to strike russia, President Biden did not choose to weigh in publicly. What do you think of. I dont think much about Vladimir Putin. Do you take now, wicks wilkesbarre, she said she wanted to look at four Year Degree when it comes to hiring. And critics are saying shes taking that from trump. Neil shes open to for giving Student Debt in fouryear colleges. Very nice, neil, very nice. Neil just curious. Thank you for your tie, thank you for your excellent reporting. Lucas tomlinson at the White House. And yesterday i had a chance to catch up with Wilber Ross, and a campaign spokesman. He said Wilber Ross said Donald Trump may have missed the opportunity to look at the economy compared to four years ago and thats trumps biggest selling point. Take a look. Under trump the economy was very good and we were starting to get more participation in the labor force. Well, there are only three things that are the components of growth in an economy like ours. One is the change in amount of people in the working age population. No president can change that much as pretty well been set by the birth rate. And second is Work Force Participation and thats going nowhere unthese under these people. Thats a negative. The third thing is protecttivity and all the spending theyre doing has nothing to do with productivity. So i dont see how they can grow the economy enough to survive with the growing Debt Burden. The only way to make it survive is to really increase Work Force Participation and trump was doing that. We were accomplishing it. Right now, over a third of ablebodied Working Age Americans neither have a job, nor want one. Thats not how you build a country and the reason but youre worried about debt, wilbur. Youre worried about that. Absolutely. Neil and Wharton Plan says 5 Trillion to it and hers i believe a little over one and a Half Tral and those numbers probably Arent Worth the paper theyre printed on. Neither candidate seems to be worried about the debt. Does that bother you . Well, i know from my personal experience with trump that he understands that the way to get the economy to be able to live with Debt Burden is rapid growth and thats what hes aiming toward. Her programs, taxing successful people. Taxing successful businesses, is not the way to stimulate, but the worst thing is there will be more and more regulation and when we were in office, when businessmen would come to see me, they were much more grateful for regulatory reform than they were even for the Tax Cuts that President Trump put in. Neil all right. That full interview is on our fox business website. And we talked to a lot of other economic issues, not very germane here. But the spokesperson discussed the Post Debate Environment with me and some of the economic numbers that Wilbur Ross was just dismissing. Take a look. Independent economists have come out and said that President Trump would be way worse for the Deficit And Debt than president harris would be and still trillions of dollars, right . Its still trillions of dollars, right . When it comes to people who care about the Debt And Deficit. They want to see that people are willing to raise the revenues to pay for their plans and i think with Vicepresident Harris, shes put forward a suite of proposals to make sure we have the right revenues to help pay for some of her proposals. For example, talking about making sure that billionaires pay a minimum tax. Talking about quadrupling on Stock Buyback Isnt that the problem, we dont get there. Shes over a trillion shy. I know these things really oftentimes on the left and right Arent Worth the paper theyre printed on, things change, i get that. Its not as if the debt is going to get smaller under a president harris. Under the biden administration shes been proud to serve as vicepresident we have reduced the deficit. There are ways the deficit, the debt, combination of deficits has not, its increased by trillions, but go ahead, im sorry. Thats okay. If we can put forward a suite of proposals that foster real economic growth. When you look at the two candidates, Vicepresident Harris put forward a couple weeks ago a plan for growing Small Businesses in the country. Right now you want to start a small Business Business in america, 40,000 to get off the ground. A Tax Code allows the deduction of 5,000. She wants to make it 50,000 so that we can actually help those Small Businesses grow and they can create jobs and create revenues in local communities. These are the kinds of investments in real Working America that shes proposing, whereas, again, President Trump an independent economists and Nobel Prize winning economists said his plan would be an inflation bomb. Hes offering plans that are completely all over the place and would actually explode the issue and make it worse. We know when he was president last time the debt increased significantly than under democratic president s. If you care about the Debt And Deficit theres only one candidate who remotely comes close forward a plan. The strategy is to make sure the rich pay their fair share, minimum tax for wealthy, for the corporations, but im curious what you think. What she thinks is a fair share. And getting outside the billion Air Community because theyre rarified air. We used to have the top Income Tax Rate of 90 in this country and then it was in the 70 , and then in the 50 . Its 37, 40 the federal top rate and that apparently is not a fair share in your eyes, so could i ask you, what is . Well, we have a situation in this country where we have corporations and certain ceos and billionaires paying nothing in tax because of the loopholes in our Tax Code. What the vicepresident has put forward is a suite of proposals that help balance the Playing Field A Little Bit and increasing the corporate Tax Rates i understand could you attach a number, if its 37, 38 right now and they want to get before the Trump Tax cuts. What should the top rate be . If that includes the rich, should that rate be significantly higher . And what would it be . Well, again, i was talking with the suite, and capital Gains Taxes last week when we were talking about the Small Business plan. For example, you have a situation where President Biden proposed increasing the top Capitol Gains Tax Rate all the way to 40 . The vicepresident thinks its too high and shes proposed it, and we have Tax Code to reward investment and entrepreneurs and Small Business. Neil what would make it a fair share, if these guys are not getting away with paying their taxes, i dont want to be obnoxious about it. Its always theyre not paying their fair share and not doing what they should and with the hundred or so billionaires paying the rate if the rate at all. What is it for the wealthy, however defined the top rate around 37, 38 . What should it be . Neil, im explaining the suite of proposals, including a Billionaire Tax and expanding fourfold the Stock Buyback taxes theres a suite of different options at our disposal to assure that the people at the top of paying their fair share in taxes because a lot of them get away from the normal Income Tax Rate and code through the loopholes that we have in our system so i understand what youre asking, but its a bigger and more complicated picture than that to take across all of these different issues, across all of these different Type Tax giveaways and loopholes that exist to ensure that in all of them were implementing a system that does hold them accountable and does ensure Tax Fairness and like i said on Capitol Gains, having incentive so people can continue to invest in the entrepreneurship that makes this country great. Neil if you keep raising that capital Gains Tax. If you keep raising that capital Gains Tax theyre going to be less inclined to take those investment incentives. Here i am on fox news, President Biden proposed 40 and shes proposing 28 . I think, again, we have to understand that this is someone who sees we can do both. We can have Tax Fairness and we can use the Tax Code to incentivize the kiend of investment that really does help the economy. Neil i must have a thick skull, but what is a fair share . Well sort this out in the next seven weeks or so. If the markets are panicking over this, they have a tough way of showing it. And Ken Fisher was on it before anyone even when we were sinking fast a little over a month ago. What that is then. What does the Billionaire Investor think now . Well ask him. Hes coming up. Ou have the ri. Dak going for it, and he fumbles. Brilliant recovery with the lowes app. He always delivers. And so does the lowes app. In store. Online. Our Lowes Team has you covered. Leo hes there when we wake up, hes there when we leave, hes there whenever we come back home from school, hes just there always. Mash it up doofus. Ever since we introduced him to the farmers dog, his quality of life has been forever changed. He prefers real, humangrade food. Its. Like real food it is hes a happy dog now. Hes a happy, happy dog. Hes a happy, happy, happy dog all right, in case you havent noticed the markets have been racing ahead despite this president nasty president ial race going on. That isnt new. Every four years, the markets merrily go along no matter who is out front in the polls and who is not. And Ken Fisher, a background nair, So Good hes a billionaire, So Good of you to come in on a saturday. All the averages were races on friday, five days in a row on the notion that the federal reserve is going to come in and keep going, the big cut rates maybe half a point, what do you think . So, i think you know im always skeptical what the Central Bank and the central bangs around The World might do. People are reactive. Might they do that . Sure. Trying to speculate on that thing one way or the other is a Fools Game and that kind of think also tied to the other things that went on this week, which is looking at governmental data releases, Inflation Numbers, et cetera, which inherently are not very accurate to begin with and then to try to jump to a conclusion of that is a little like people trying to play Musical Chairs and suddenly, you see people sitting down when the music is not stopping because the music keeps going and going and going. And theres after one set of releases, theres the next set of releases. The reality is, as we look at The World, u. S. Is about 25 of global gdp, a little more than half the global stock market, all in. The fact is, we need to look outside the u. S. To see that theyre actually doing pretty well. One of your prior guests on the show said that our Inflation Numbers in america are the envy of the g7 and in fact, thats not particularly true. In europe, inflation has been behaving better than in America And Europe is doing pretty well. Its a Bull Market. Its for people not to tend to be myopic what people do. And these periods of elections, periods when we get to the end we always get a winner and fall uncertainty and inherently bullish and back half of election years are almost always positive and its time to let that happen. Neil have we run ahead of ourselves though . What do you think . Its always a mistake in a Bull Market to try to say weve run ahead of ourselves and i should be extra caution cautious, because financial history is littered with people who are graveyarded by trying to get out too soon when a Bull Market keeps running on. The trend is your friend until its the end and thats when its time to bend. The fact of the matter is until then, which is going to be in my opinion, nicely after this election is over and the year is over and we get falling uncertainty through all of that and see a new congress. Neil what is nicely after the years is over and the election is over . I dont know, after the first quarter. Neil okay. So when you look at the candidates i just want to ive got to fine tune this. You look at both candidates, very different visions for this although theyre doing giveaways, and taxes, and no tax on Social Security, working overtime no tips that have to be taxed. And leaving how you pay for that and Kamala Harris and all of that, and does any of that worry you . Or is it modified if we have split government . When its halloween and you go into the house of horrors. The fact of the matter, you dont let anything halloween passes and this is a little bit like that. The fact of matter is, i dont care what happens, we are going to have a very Night Congress after this election is over. The republicans probably take the senate, but probably only by a little. Cant take it much. The democrats might take the house, but at most only by a little bit. And whats going to happen at the end of the day is its going to be hard to get much of anything through congress. Neil all right. Ken, great catching up with you. Ken fisher. He was saying stuff about the Bull Market coming when No One was. And conversely No One was as they know history. And Phil Wegmann talking about competing policies. Hell weigh in on what both candidates are offering and who has the edge, after this. Ked d rates lately . Many are over 22 , near 30 if you pay late. Why not do what thousands of veteran families have done. Call newday and pay off that high Rate Debt with the lower Rate Newday 100 Va Cash out loan. It lets you pay off your Credit Cards and Car Loans with one easy monthly payment. Get the cash you need and the Peace Of Mind you deserve. We