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Transcripts for FOXNEWS Cavuto Live 20210925 14:04:00

fund the government or a debt ceiling collision happens, so a lot here to watch, neil. neil all right. hard to keep up. jacqui heinrich. now, the prime minister, of course, talked the president, of course, talked of a stalemate yesterday, so it was not quite the happy talk we were hearing from those on capitol hill on where this is going. lucas tomlinson with the latest from the white house. lucas? reporter: neil, president biden says this massive $3.5 trillion spending bill, the largest in history, will cost nothing. it s all paid for. it s all paid for. but a lot of these are flat tax cuts that exist within my proposal. and they re being calculated as if the cost of the childcare tax crept is a cost to the government credit is a cost to the government. it s not. it s the reducing taxes, reducing taxes, not increasing taxes. reporter: biden says the massive spending plan will be paid for through tax hikes on

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