1 00:00:00,040 --> 00:00:04,400 Speaker 1: Economist Steve Moore also runs the Committee to Unleashed Prosperity. 2 00:00:05,040 --> 00:00:07,600 Speaker 1: You should get there daily briefing. It's the best news 3 00:00:07,600 --> 00:00:10,799 Speaker 1: and analysis. You'll sound really smart, you'll be really well informed. 4 00:00:11,039 --> 00:00:13,160 Speaker 1: It's free, it'll come right to your email. Just go 5 00:00:13,280 --> 00:00:17,319 Speaker 1: sign up. Go to Unleash Prosperity dot com and sign 6 00:00:17,400 --> 00:00:21,439 Speaker 1: up for the hotline Unleash Prosperity dot com. Steve Moore, 7 00:00:21,480 --> 00:00:22,079 Speaker 1: how you doing? 8 00:00:23,600 --> 00:00:26,480 Speaker 2: Uh? Feeling good about things? Mark? After that great speech 9 00:00:26,520 --> 00:00:29,920 Speaker 2: the President gave, really celebrating the victories that he's had 10 00:00:29,920 --> 00:00:33,720 Speaker 2: in his first thirteen months in office, and economy's riding high. 11 00:00:33,800 --> 00:00:36,720 Speaker 1: Now, yeah, and those Democrats, boy, they fell into every 12 00:00:36,800 --> 00:00:39,559 Speaker 1: trap he said for them. A lot of TV commercials 13 00:00:39,560 --> 00:00:40,159 Speaker 1: will come from that. 14 00:00:41,760 --> 00:00:44,240 Speaker 2: Well, you know, now, we're not the party of the 15 00:00:44,240 --> 00:00:48,120 Speaker 2: illegal immigrants. So I mean, listen, I'm very pro immigrant, 16 00:00:48,120 --> 00:00:50,440 Speaker 2: as you know, and I think immigrants are so critical 17 00:00:50,440 --> 00:00:53,080 Speaker 2: to our country. But what's so hard about saying, hey, 18 00:00:53,120 --> 00:00:54,480 Speaker 2: you got to come in the right way, you got 19 00:00:54,480 --> 00:00:57,880 Speaker 2: to wait your turn, your turn in line. That's the 20 00:00:57,920 --> 00:01:01,360 Speaker 2: way immigrants have always come into this country. And so 21 00:01:01,600 --> 00:01:03,880 Speaker 2: and I thought Trump really nailed them on that, you know, 22 00:01:04,080 --> 00:01:07,399 Speaker 2: idea of the voter. I d for voting. I mean, 23 00:01:07,440 --> 00:01:09,440 Speaker 2: of course, you know you should be able to prove 24 00:01:09,440 --> 00:01:12,000 Speaker 2: you're a citizen, proof that you're a legal resident of 25 00:01:12,000 --> 00:01:15,600 Speaker 2: the country before you vote. I mean, come on, uh, 26 00:01:15,640 --> 00:01:18,800 Speaker 2: And you know it's almost to me, it's almost racist 27 00:01:18,800 --> 00:01:21,240 Speaker 2: for the oh well, you know these poor Hispanics and 28 00:01:21,280 --> 00:01:25,360 Speaker 2: these poor minorities, you know they don't have an ID. 29 00:01:25,959 --> 00:01:29,160 Speaker 2: It's like, what, come on, I tried to check into 30 00:01:29,160 --> 00:01:31,280 Speaker 2: a hotel last night. I didn't have an ID with me, 31 00:01:31,319 --> 00:01:33,000 Speaker 2: and they wouldn't let me in the hotel. You need 32 00:01:33,040 --> 00:01:35,040 Speaker 2: an ID for respout everything, Why not voting? 33 00:01:35,120 --> 00:01:36,760 Speaker 1: Wait a minute, you didn't have an ID with you. 34 00:01:37,800 --> 00:01:39,840 Speaker 2: I you know what, I left my passport, which I 35 00:01:39,920 --> 00:01:42,440 Speaker 2: leave is an idea at home accidentally, So I get 36 00:01:42,440 --> 00:01:44,840 Speaker 2: to the hotel, they wouldn't let me in. So I 37 00:01:44,840 --> 00:01:46,880 Speaker 2: almost called you up and said, Mark, I'm in New York. 38 00:01:46,880 --> 00:01:49,920 Speaker 1: Can you put me up to a suspicious guy like you. 39 00:01:49,920 --> 00:01:53,240 Speaker 1: I wouldn't let you either. I don't know it's right. 40 00:01:53,800 --> 00:01:54,480 Speaker 1: So that's the point. 41 00:01:54,480 --> 00:01:56,480 Speaker 2: It's like everything you need a ID. You want to 42 00:01:56,480 --> 00:01:58,360 Speaker 2: get on the airplane, you do want to use your 43 00:01:58,400 --> 00:02:01,360 Speaker 2: credit card? You wanted to you know, check into hotel. 44 00:02:02,160 --> 00:02:04,960 Speaker 2: Almost everything you need an id for. So who are 45 00:02:05,000 --> 00:02:07,720 Speaker 2: these people who are? And Kim Hiller said, forty percent 46 00:02:07,720 --> 00:02:10,959 Speaker 2: of Americans don't have ideas. What is she talking. 47 00:02:13,400 --> 00:02:15,360 Speaker 1: Is the you're right, you know, it's the most racist 48 00:02:15,400 --> 00:02:18,079 Speaker 1: thing you could say that poor people, minorities, they don't 49 00:02:18,120 --> 00:02:20,160 Speaker 1: know how to get an idea. That's absolutely insane. 50 00:02:20,400 --> 00:02:24,239 Speaker 2: Yeah, so someone like us said that, they know you're racist, 51 00:02:24,280 --> 00:02:26,480 Speaker 2: but when they say it, no, they're defending me at 52 00:02:26,560 --> 00:02:29,880 Speaker 2: the lonc of Films. But anyway, I thought, I love 53 00:02:29,960 --> 00:02:31,480 Speaker 2: what Trump is doing on the economy. We have a 54 00:02:31,520 --> 00:02:33,320 Speaker 2: new study. Oh by the way, did you hear one 55 00:02:33,320 --> 00:02:35,560 Speaker 2: of his first lines that Trump used in that speech? 56 00:02:35,800 --> 00:02:39,120 Speaker 2: You may recall he said I've proven twenty two Nobel 57 00:02:39,280 --> 00:02:41,000 Speaker 2: economists wrong. I don't know if you remember when he 58 00:02:41,040 --> 00:02:43,680 Speaker 2: said that, but guess who gave him that line? 59 00:02:44,440 --> 00:02:48,320 Speaker 1: I guess I know you've been saying that all on but. 60 00:02:48,360 --> 00:02:51,560 Speaker 2: He yes, Yeah, that was good. That's a good line, 61 00:02:51,560 --> 00:02:54,200 Speaker 2: and it happens to me true all the Nobel You 62 00:02:54,200 --> 00:02:56,040 Speaker 2: remember this mark when he was elect Oh my god, 63 00:02:56,040 --> 00:02:57,919 Speaker 2: we have a great depression. That's gonna be the biggest 64 00:02:57,919 --> 00:03:01,240 Speaker 2: stock sellouf ever. Inflation is going through the roof wrong, wrong, 65 00:03:01,360 --> 00:03:04,000 Speaker 2: long long, long, and these are the Nobel Prize winners. 66 00:03:04,400 --> 00:03:06,320 Speaker 1: How did these guys get jobs? You know, like a 67 00:03:06,360 --> 00:03:09,920 Speaker 1: Paul Krugman. For years, everything you said was wrong. You 68 00:03:09,960 --> 00:03:12,600 Speaker 1: know what, doesn't the employer at some point say this 69 00:03:12,600 --> 00:03:14,360 Speaker 1: guy's always wrong. Let's get somebody else. 70 00:03:15,600 --> 00:03:17,600 Speaker 2: Well, if you were in the private sector, and let's 71 00:03:17,600 --> 00:03:20,040 Speaker 2: say you were an economus for Goldman sax or something, 72 00:03:20,120 --> 00:03:22,000 Speaker 2: you would you would be fired. But if you're at 73 00:03:22,000 --> 00:03:24,800 Speaker 2: a university, it doesn't matter how many times you're wrong, 74 00:03:24,840 --> 00:03:28,160 Speaker 2: as long as you're you're attacking Donald Trump, you've got tenure. 75 00:03:29,280 --> 00:03:30,919 Speaker 1: Hey, you know the state of the Union. You know 76 00:03:30,960 --> 00:03:32,880 Speaker 1: who had a hard time with it. The fact checkers. 77 00:03:32,919 --> 00:03:36,360 Speaker 1: They really couldn't get anything on them, could they. 78 00:03:36,080 --> 00:03:39,040 Speaker 2: They really couldn't. And I mean the patch cut has 79 00:03:39,080 --> 00:03:41,560 Speaker 2: been big and has been beautiful, and people you know, 80 00:03:41,680 --> 00:03:42,720 Speaker 2: used to come up to me at the end of 81 00:03:42,760 --> 00:03:44,560 Speaker 2: last year and they'd be young that, Hey, Steve Moore, 82 00:03:44,640 --> 00:03:47,360 Speaker 2: where's that patch cut? You know, you said that Trump 83 00:03:47,440 --> 00:03:49,640 Speaker 2: was going to get it, and then I said, just wait, it's. 84 00:03:49,520 --> 00:03:50,240 Speaker 1: Coming, you know. 85 00:03:50,560 --> 00:03:52,640 Speaker 2: So now people are really seeing it in their paychecks. 86 00:03:52,640 --> 00:03:55,240 Speaker 2: The average family will see about two thousand dollars less 87 00:03:55,560 --> 00:03:58,400 Speaker 2: money with drawn from their paycheck by the IRS than 88 00:03:58,440 --> 00:04:00,960 Speaker 2: they did last year because they're the big beautiful bill. Plus, 89 00:04:01,080 --> 00:04:03,480 Speaker 2: you've got a friend, Larry Tubler says, we've got an 90 00:04:03,480 --> 00:04:06,480 Speaker 2: investment boom going on in this country by businesses. Why 91 00:04:06,520 --> 00:04:08,760 Speaker 2: is that, Oh, because we cut the tax rate on investing. 92 00:04:09,160 --> 00:04:10,760 Speaker 2: And you know who would have thought that if you 93 00:04:10,800 --> 00:04:12,560 Speaker 2: cut the tax on something, you get more of it. 94 00:04:12,880 --> 00:04:16,480 Speaker 1: Yeah. Hey, Steve Moore, explain something about tariffs. If you've 95 00:04:16,520 --> 00:04:20,400 Speaker 1: got enough tariff revenue, you could really bring down income 96 00:04:20,440 --> 00:04:22,599 Speaker 1: tax or even eliminated. Is that possible? 97 00:04:23,880 --> 00:04:26,080 Speaker 2: It is? In fact, I talk about that in our 98 00:04:26,120 --> 00:04:29,000 Speaker 2: hotline that came out this this morning. So everybody should 99 00:04:29,000 --> 00:04:30,640 Speaker 2: get that. Just go to on leash pros Thority dot 100 00:04:30,640 --> 00:04:32,800 Speaker 2: com and sign up for free. And that was one 101 00:04:32,800 --> 00:04:34,839 Speaker 2: of our points is, you know, the left lap Trump 102 00:04:34,880 --> 00:04:36,320 Speaker 2: things we can get rid of the income tax. That 103 00:04:36,360 --> 00:04:38,960 Speaker 2: could never work. It's inconceivable. I'm like, well, wait a minute, 104 00:04:39,040 --> 00:04:41,760 Speaker 2: you know, are these people stupid? It was for the 105 00:04:41,800 --> 00:04:43,920 Speaker 2: first one hundred and twenty five years of this country, Mark, 106 00:04:43,960 --> 00:04:46,040 Speaker 2: we didn't have an income tax and we did just fine, 107 00:04:46,200 --> 00:04:49,359 Speaker 2: as I recall, you know, and so if we could 108 00:04:49,400 --> 00:04:51,839 Speaker 2: we could do this with an eighteen percent national sales 109 00:04:51,880 --> 00:04:54,520 Speaker 2: tax and an eighteen percent tariff we could replace. We 110 00:04:54,560 --> 00:04:57,920 Speaker 2: could have zero income personal income text, zero capital game tax, 111 00:04:58,120 --> 00:05:02,000 Speaker 2: zero tough tax, zero div tax, zero corporate tax. I mean, 112 00:05:02,000 --> 00:05:04,280 Speaker 2: can you imagine what that would do for our economy? 113 00:05:04,320 --> 00:05:06,480 Speaker 2: I mean, you want to talk about pumping rocket fuel 114 00:05:06,520 --> 00:05:08,839 Speaker 2: and steroids into the butt of the economy. It would 115 00:05:08,839 --> 00:05:10,800 Speaker 2: be the most amazing thing. You know, we'd have to 116 00:05:10,800 --> 00:05:13,320 Speaker 2: probably build a wall six hundred feet tall to keep 117 00:05:13,400 --> 00:05:15,320 Speaker 2: all the people out of who'd want to come here 118 00:05:15,360 --> 00:05:17,560 Speaker 2: because we'd be you know, so many jobs and so 119 00:05:17,640 --> 00:05:18,400 Speaker 2: much capital. 120 00:05:18,520 --> 00:05:20,720 Speaker 1: Yeah, if people might not realize this, there was no 121 00:05:20,800 --> 00:05:22,400 Speaker 1: income tax in America. 122 00:05:22,120 --> 00:05:24,120 Speaker 2: Till like nineteen until nineteen fourteen. 123 00:05:24,400 --> 00:05:26,719 Speaker 1: So in nineteen thirteen, how do we pay for the 124 00:05:26,880 --> 00:05:29,840 Speaker 1: army and for everything where we had? 125 00:05:30,800 --> 00:05:32,920 Speaker 2: That's a good question. We got our revenues from two 126 00:05:32,960 --> 00:05:35,240 Speaker 2: major sources. One was terraced and you know what the 127 00:05:35,279 --> 00:05:38,520 Speaker 2: other one was no land sales. 128 00:05:39,920 --> 00:05:42,880 Speaker 1: You mean, like a TAXI sold. 129 00:05:43,320 --> 00:05:46,520 Speaker 2: We sold federal lands. And we now, by the way, 130 00:05:46,560 --> 00:05:49,080 Speaker 2: the federal government still owns what about thirty five percent 131 00:05:49,120 --> 00:05:51,080 Speaker 2: of the federal the land and about fifty percent of 132 00:05:51,160 --> 00:05:54,320 Speaker 2: the land west of the Mississippi. So let's sell that 133 00:05:54,520 --> 00:05:56,080 Speaker 2: use that money to get rid of the income tax. 134 00:05:56,160 --> 00:05:56,960 Speaker 2: What do you think about that? 135 00:05:57,120 --> 00:05:59,560 Speaker 1: Yeah? You know, if you were one of these private 136 00:05:59,560 --> 00:06:03,080 Speaker 1: sector takeover guys and you came in and you bought 137 00:06:03,120 --> 00:06:04,920 Speaker 1: the United States of America, you'd see, well, I can 138 00:06:04,960 --> 00:06:07,839 Speaker 1: cut the budget in half easily without any loss, and 139 00:06:07,960 --> 00:06:10,560 Speaker 1: I could get rid of the tax and do tear. 140 00:06:10,920 --> 00:06:13,520 Speaker 1: It'd be easy to do, wouldn't it if you were Yeah. 141 00:06:13,520 --> 00:06:15,599 Speaker 2: Plus, if you had an eighteen percent sales tax already, 142 00:06:15,720 --> 00:06:18,880 Speaker 2: they every time the government, would you know, with other 143 00:06:18,920 --> 00:06:23,440 Speaker 2: politicians like Akama Harrister, you know, your friend Bertie Sanders 144 00:06:23,440 --> 00:06:26,400 Speaker 2: said oh, let's have this new government program, and they say, well, 145 00:06:26,400 --> 00:06:27,680 Speaker 2: if we do that, we're gonna have to raise the 146 00:06:27,680 --> 00:06:30,039 Speaker 2: sales tax nineteen percent. Piece of hell, No, we don't 147 00:06:30,040 --> 00:06:32,120 Speaker 2: want you to raise a sales tax. You'd have a 148 00:06:32,240 --> 00:06:36,400 Speaker 2: natural opposition from everyone, all voters, because everybody would pay 149 00:06:36,400 --> 00:06:37,760 Speaker 2: their fair share for the government. 150 00:06:39,320 --> 00:06:41,960 Speaker 1: Steve Moore, if you were running a state like California, 151 00:06:42,040 --> 00:06:44,000 Speaker 1: or you're whatever state you're running, and you noticed a 152 00:06:44,040 --> 00:06:47,560 Speaker 1: lot of my businesses are moving to Texas, wouldn't you 153 00:06:47,640 --> 00:06:49,680 Speaker 1: say to yourself, what are they doing there? How come 154 00:06:49,720 --> 00:06:51,440 Speaker 1: I wouldn't you copy what. 155 00:06:51,400 --> 00:06:55,159 Speaker 2: They're doing, You would think, so, you know, this is 156 00:06:55,560 --> 00:06:59,600 Speaker 2: the ingeniousness of our founding fathers was creating a system 157 00:06:59,640 --> 00:07:03,760 Speaker 2: where the states. So many of the rights and privileges 158 00:07:04,000 --> 00:07:07,600 Speaker 2: were delegated to the states, not the federal government. And 159 00:07:07,640 --> 00:07:10,960 Speaker 2: the founding fouthers wanted the states to compete against each other, 160 00:07:11,000 --> 00:07:13,520 Speaker 2: because competition is a good thing. Well, that's what we've 161 00:07:13,520 --> 00:07:16,320 Speaker 2: got now. And do you know what the five states 162 00:07:16,320 --> 00:07:19,160 Speaker 2: are that have the highest cost of living the least 163 00:07:19,160 --> 00:07:20,080 Speaker 2: affordable states? 164 00:07:20,400 --> 00:07:23,400 Speaker 1: Uh, well, I guess New York and California. 165 00:07:23,560 --> 00:07:29,080 Speaker 2: Yes, and New Jersey and Connecticut and Massachusetts, Illinois, Massachusetts, 166 00:07:29,120 --> 00:07:31,640 Speaker 2: Connecticut is a very expensive state. Too high cost of 167 00:07:31,680 --> 00:07:33,480 Speaker 2: living in the states with the lowest cost of living, 168 00:07:33,600 --> 00:07:37,960 Speaker 2: or states like Arkansas, states like Alabama, states like North Carolina, 169 00:07:38,240 --> 00:07:42,280 Speaker 2: states like utah Gee they have no low taxes, I mean, 170 00:07:42,320 --> 00:07:44,240 Speaker 2: so they can. And by the way, in New York 171 00:07:44,320 --> 00:07:47,200 Speaker 2: and California, even though they're getting crushed, I mean, New 172 00:07:47,280 --> 00:07:49,120 Speaker 2: York is lost. There's a new study by a New 173 00:07:49,200 --> 00:07:51,880 Speaker 2: York business group that's finding hundreds and hundreds and hundreds 174 00:07:51,920 --> 00:07:54,640 Speaker 2: of businesses that have left just in the last year. 175 00:07:55,320 --> 00:07:58,400 Speaker 2: And you think maybe we should try a new game plan. 176 00:07:58,760 --> 00:08:02,200 Speaker 2: And yet Mondominie wants what he wants, a millionaire billionaire tax, 177 00:08:02,240 --> 00:08:04,280 Speaker 2: and he can't have that. He's going to race Axent 178 00:08:04,320 --> 00:08:07,160 Speaker 2: on everybody. And you know, oh gee, we can't find 179 00:08:07,200 --> 00:08:09,920 Speaker 2: any money to save from the budget. Really really, out 180 00:08:09,920 --> 00:08:11,920 Speaker 2: of one hundred and twelve billion dollar budget, you can't 181 00:08:11,920 --> 00:08:12,920 Speaker 2: find any money to save. 182 00:08:13,360 --> 00:08:17,280 Speaker 1: Yeah. No, I mean if you doge doge every city 183 00:08:17,280 --> 00:08:20,280 Speaker 1: in New York, you'd save probably seventy five percent of 184 00:08:20,320 --> 00:08:23,240 Speaker 1: the budget. Well, Steve Moore, great stuff. Hey, I've got 185 00:08:23,240 --> 00:08:25,679 Speaker 1: to mention your book, The Trump Economic Miracle. 186 00:08:26,360 --> 00:08:28,000 Speaker 2: It's a miracle. It's a miracle. 187 00:08:28,120 --> 00:08:30,280 Speaker 1: Excellent bookf you want to understand all this in detail, 188 00:08:30,520 --> 00:08:32,960 Speaker 1: get Steve Moore's book, The Trump Economic Miracle. Are you 189 00:08:32,960 --> 00:08:33,880 Speaker 1: working on another book? 190 00:08:35,200 --> 00:08:37,040 Speaker 2: Well, it's so funny. Trump asked me, you're gonna let 191 00:08:37,040 --> 00:08:41,520 Speaker 2: a new book down? Okay, I will. You know, I 192 00:08:41,520 --> 00:08:43,880 Speaker 2: don't know what to call this one, but you know 193 00:08:43,920 --> 00:08:46,240 Speaker 2: his record is stirling and I think the things are 194 00:08:46,240 --> 00:08:47,040 Speaker 2: only going to get better. 195 00:08:47,200 --> 00:08:49,839 Speaker 1: Yeah. Well, thanks to you and others who have helped 196 00:08:50,040 --> 00:08:53,240 Speaker 1: with all of this, and Steve Moore, great stuff, Thanks 197 00:08:53,280 --> 00:08:54,000 Speaker 1: for being with us. 198 00:08:54,040 --> 00:08:55,640 Speaker 2: Thank you, Mark, great weekend. 199 00:08:55,760 --> 00:08:57,480 Speaker 1: Take care Hey, make sure you sign up for his 200 00:08:57,600 --> 00:09:01,040 Speaker 1: daily briefing. It's really great stuff. It's called the Hotline. 201 00:09:01,120 --> 00:09:04,560 Speaker 1: Just go to Unleash Prosperity dot com and sign up 202 00:09:04,600 --> 00:09:06,800 Speaker 1: for It's free. It'll come write to your email every day. 203 00:09:07,120 --> 00:09:12,880 Speaker 1: Unleash Prosperity dot com. Don't forget Buck and Clay later 204 00:09:12,960 --> 00:09:15,280 Speaker 1: today at twelve noon. Buckle be with us on the 205 00:09:15,320 --> 00:09:17,080 Speaker 1: show tomorrow. He's got a great new book out. But 206 00:09:17,160 --> 00:09:20,760 Speaker 1: Buck and Clay today twelve noon and then three o'clock. 207 00:09:20,800 --> 00:09:23,640 Speaker 1: You got the most listened to radio show in America, 208 00:09:24,280 --> 00:09:29,160 Speaker 1: Sean Hannity, Jesse Kelly at six and Jimmy Fayla every 209 00:09:29,280 --> 00:09:32,520 Speaker 1: night now nine o'clock on seven to ten wor