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FOXNEWS Cavuto Live July 7, 2024



the spending showdown is about to go down. chad pergram following it all, a lot of details to pull together, but he s the man to do it. chad, what s happening? reporter: david, good morning. senate democrats aim to pass the climate, health and spending bill this weekend, but it may be a long weekend. we just got a ruling from the senate parliamentarian, she green lighted a provision in the bill to let medicare negotiate the cost of prescription drugs. democrats say that makes the cost of pharmaceuticals cheaper. elizabeth mcdonough has a lot of sway in process. the closer you can demonstrate a connection between what you re proposing and its fiscal impact on the federal budget, the more likely it is that it qualify for a simple majority vote out will. if i it doesn t, if it runs afoul of the rules of the road and/or is more designed to impact private sector activity reporter: on tapped today a marathon vote session with perhaps 15 consecutive hours of votes on a ....

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FOXNEWS Cavuto Live June 4, 2024 14:08:00

You don t raise taxes in a down economy. i now, i know it s a lot of discussion can about whether it s a recession, but we ve had two negative quarters. in that s a slowdown. you just don t raise taxes in a slowdown, do you? you don t raise taxes, you certainly don t implement what is called a tax inflation reduction bill which effectively is going to, as your previous guest mentioned, do exactly the opposite. the u.s. economy is at a crossroads, and the important thing here is inflation and the consumer. the consumer is hurting, the consumer is facing double-digit inflation rates on food and gas. so, certainly, what you don t want to do is increase taxes, decrease incentives for investing and throw the economy into further into with contraction. david: and, steve, we know what works and what doesn t because we have history to guide us. i mean, we have two presidents who came into a recession and ....

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Detailed text transcripts for TV channel - FOXNEWS - 20101228:14:17:00

Kind of ideas that focus on spending cuts instead of spending more. in the house we put forward over the past six to eight months a you cut program which every week we brought to the author a specific piece of legislation that would be cut, decreased and decreasing the size of the federal government. so we re very excited about the 87 new republicans who are coming to washington in the house and senators who are going to focus on spending cuts. rick: we need meaningful cuts. not just some cuts here and cuts there, and let s try to trim there. we need major cuts because of our federal deficit. where is that money going to come from? well, there are all sorts of ways, as you well know. the incoming speaker has said he s going to cut the legislative budget by 5% across the board which is a wonderful beginning. we put forward you cut programs each week, and there are very specific pieces of legislation that will decrease spending, decrease incentives for the states, for example, to provi ....

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