♪.
LARRY: JOINING US NOW
CONGRESSMAN KEVIN BRADY RANKING
MEMBER, HOUSE WAYS AND MEANS
COMMITTEE.
ART LAFFER, FORMER REAGAN
ECONOMIST, MEDAL OF FREEDOM
RECIPIENT, AUTHOR OF THE A BOOK,
TAXES HAVE SPECIAL CONSEQUENCES.
WE TALKED TO PRIME MINISTER
NETANYAHU YOU HAVE TO GO GET THE
FAT MAN OFF YOUR BOOK.
THAT UNLEASHED FREE MARKET
PROSPERITY.
>> I SAW IT.
LARRY: JACK KEMP, HE DID CUT
TAXES BUT HE ALSO CUT SPENDING
AND DEREGULATED.
SEW WHAT DO YOU MAKE OF THAT?
ISRAEL, A POWERFUL ECONOMY RIGHT
NOW?
>> I JUST LOVE NETANYAHU, LARRY.
I THINK HE IS GREAT.
HE DID A GREAT JOB BEFORE HE GOT
ISRAEL BACK ON ITS FEET.
I DON’T KNOW IF YOU REMEMBER THE
TIMES BEFORE HE BECAME PRIME
MINISTER, TORN ALL APART,
STRIKES ALL OVER THE PLACE, NOT
PERFORMING AS WELL.
HE IS A ECONOMIC MIRACLE
HIMSELF.
WHAT HE HAS DONE FOR ISRAEL HAS
BEEN TERRIFIC.
I HOPE HIS NEXT TERM WILL BE
TERRIFIC.
LARRY: KEVIN BRADY, GETTING FAT
MAN OFF YOUR BACK, CUTTING
SPENDING, CUTTING REGULATIONS
SOUNDS KIND OF FAMILIAR, AREN’T
WE FACING THE SAME THING RIGHT
NOW.
>> WE ARE.
IT WAS IN THE TRUMP
ADMINISTRATION WE SAW CERTAINLY
MANY PRO-GROWTH ISSUES ON TAX
CUTS, MODERNIZING OUR TAX CODE
BUT DRIVING REGULATION DOWN AND
OUT, YOU KNOW, WHICH NOT ONLY
ALLOWS YOU TO GROW AS BUSINESSES
AND WORKERS BUT ALSO HELPS
REDUCE INFLATION, SORT OF THE
OPPOSITE APPROACH WE’RE TAKING
RIGHT NOW.
AS YOU KNOW, PART OF PROSPERITY
IS REALLY GROWING THE ECONOMY IN
A BIG WAY BUT PUTTING GUARDRAILS
AROUND THE SIZE OF GOVERNMENT
AND THE PRIME MINISTER LAID OUT
I THINK THAT WAS ONE OF THE BEST
EXPLANATIONS HOW YOU CREATE
ECONOMIC GROWTH I’VE HEARD IN A
LONG TIME.
LARRY: KEVIN, CAN I QUICKLY, THE
IRS IS PUTTING THROUGH THIS GIFT
TAX FROM $20,000 OF GIFT TO $600
A GIFT?
YOU’RE GOING TO HAVE TO GO
THROUGH ALL KINDS OF 1099
PAPERWORK.
IF THAT ISN’T NAMED AT SMALL
BUSINESS AND INDIVIDUALS.
THEY KEEP SAYING 400,000 OR
MORE.
$600 PER GIFT?
WE HAVE TO LIVE WITH THAT?
>> YEAH.
IT IS JUST, YOU SHOULD BE
SUSPICIOUS AND WORRIED BECAUSE
LOOK THIS IS PART OF THE WHOLE
BANK SURVEILLANCE SCHEME,
UNLEASHING 87,000 IRS AGENTS.
THE IRS ALWAYS PRIVATELY TOLD US
THEY THINK TAX CHEATS ARE NOT
THE WEALTHY AND BIG
CORPORATIONS.
THEY THINK IT IS INDEPENDENT
BUSINESSES AND THE AG COMMUNITY.
THEY DIDN’T KNOW HOW TO GET
AFTER THEM.
SO THIS NEW REPORTING
REQUIREMENT WILL CATCH PEOPLE
WHO ARE JUST, YOU KNOW SELLING A
COUCH, RESELLING TICKETS AT THE
SAME PRICE, PAYING A BABYSITTER.
MAYBE DOING A LITTLE EXTRA WORK
WHICH IS A GOOD THING FOR PEOPLE
TO DO.
IT IS GOING TO BE A BUREAUCRATIC
NIGHTMARE.
THIS IS PART OF REALLY THE WHOLE
BIDEN AND DEMOCRAT APPROACH
WHICH IS, WE WANT TO GO AFTER
SMALL AND INDEPENDENT
BUSINESSES.
THE GIG ECONOMY ESPECIALLY AND
AGRICULTURE.
LARRY: ART LAFFER, LET ME COME
BACK TO PRIME MINISTER
NETANYAHU.
PEACE THROUGH STRENGTH IS A BIG
THEME.
A BIG REAGAN THEME, YOU KNOW IT
WELL.
A STRONG ECONOMY, A FREE MARKET
ECONOMY, IS CENTRAL TO PEACE
THROUGH STRENGTH.
ISN’T THAT WHAT WE LEARNED MANY
YEARS AGO?
THAT IS ESSENTIALLY THE LESSON
THAT NETANYAHU IS CARRYING
FORWARD IN ISRAEL?
>> YEAH.
IT IS EXACTLY THE KENNEDY
MESSAGE, LARRY, YOU HAD IN YOUR
BOOK, WE’VE ALL DONE ABOUT IT.
KENNEDY WAS LITERALLY, YOU HAVE
TO HAVE A STRONG ECONOMY, YOU
CAN’T SERVE THE PEOPLE WELL AT
ALL, GOOD WELFARE.
THE ONLY THING I DIDN’T LIKE
ABOUT THE COMMENTS YOU AND PRIME
MINISTER MADE, WHAT IS WRONG
WITH FAT PEOPLE?
IF WE DON’T GET ON YOUR
SHOULDERS ARE WE OKAY?
THIS ANTI-FAT PEOPLE THINK IS,
YOU KNOW, WE LITTLE PEOPLE WHO
ARE TUBBY, ALL OF THAT, I LOVED
IT.
I LOVE IT.
YOU’RE COMPLETELY RIGHT.
A STRONG ECONOMY PROVIDES FOR
EVERYTHING YOU EVER WANTED.
LOW TAXES, LOW TAXES AND LOW
TAXES.
WE MISS JACK KEMP VERY MUCH.
KEVIN BRADY IS OUR JACK KEMP
TODAY, BY THE WAY.
WE MISS JACK.
KEVIN, YOU HAVE A REAL ROAD TO
HOE FOR THE NEXT TWO YEARS TO BE
A SPOKESPERSON FOR PRO-GROWTH.
FORGET ALL THE NEGATIVE NASTY
STUFF IN THE WORLD.
GET ALL THAT BEHIND YOU, TELL
AMERICAN PEOPLE WHAT YOU WILL DO
FOR PEOPLE IN THE FUTURE, HAVING
LOWER TAXES, LESS SPENDING AND
PRO-GROWTH POLICIES, MAKE THEM
ALL RICHER, FATTER AROUND
HAPPIER.
LARRY: THAT IS, KEVIN, THAT IS
QUITE A BURDEN TO BEAR THE
MODERN JACK KEMP.
HE TAUGHT A LOT OF US A LOT OF
THINGS.
I GOT 10 SECONDS LEFT.
GO AHEAD, JACK KEMP.
>> WELL, TELL YOU WHAT.
I WAS PROUD TO FOLLOW IN HIS
FOOTSTEPS IN RONALD REAGAN’S
FOOTSTEPS BUT I WILL TELL YOU