AND THAT IS MY RIFF. LET'S WELCOME STEVE MOORE, COMMITTEE TO UNLEASH PROSPERITY AND WABC RADIO HOST OF "MOORE MONEY" AND BUDGET CHAIR JODEY ARRINGTON FROM THE GREAT STATE OF TEXAS. GENTLEMEN, GOOD DAY TO YOU, MR. BUDGET CHAIRMAN, I THINK IT'S A BRILLIANT IDEA, A VERY BRILLIANT IDEA. WHAT YOU THINK, SIR? >> I AGREE WITH YOU WORD FOR WORD IN YOUR RIFF. I THINK WHAT THE AMERICAN PEOPLE, ESPECIALLY WORKING FAMILIES SUFFERING WITH THIS DISASTEROUS AND REGRESSIVE TAX OF RECORD INFLATION NEED IS NOT A STIMULUS CHECK AND A NEW GOVERNMENT ENTITLEMENT. THEY NEED TO KEEP MORE OF THEIR HARD-EARNED MONEY. SO I THINK THE PRESIDENT'S RIGHT ON. THIS IS WHAT HE IS THE BEST AT. NUMBER ONE, HE IS NOT DISCONNECTED LIKE BIDEN FROM WORKING PEOPLE. HE UNDERSTANDS THE PAIN THAT THIS ADMINISTRATION'S FISCAL POLICIES HAVE CREATED ON THEM AND HE ALSO UNDERSTANDS THAT WHEN YOU LOWER TAXES AS HE DID IN HIS FIRST TERM, YOU SEE WAGES GO UP, YOU SEE A BETTER QUALITY OF LIFE, YOU SEE ALL BOATS RISE ON THE TIDE OF PROSPERITY. WE EXPERIENCED UNDER THE PRO-GROWTH, ECONOMIC AGENDA OF PRESIDENT TRUMP. SO I THINK THIS IS A VERY GOOD BEGINNING TO WHAT I BELIEVE AND HOPE WILL BE A SECOND TERM FOR THIS PRESIDENT. LARRY: STEVE MOORE, YOU'RE ALWAYS TELLING ME, REMINDING ME, RONALD REAGAN'S TAKE-HOME PAY. YOU WILL HAVE MILLIONS OF SERVICE WORKERS WITH INCREASED TAKE-HOME PAY BECAUSE THEIR TIPS WON'T BE TAXED? >> YEAH. YOU KNOW, YOU MAY NOT KNOW THIS, LARRY BUT MY FIRST JOB WAS AS A VALET WHERE HE PARKED CARS AT PARTYS AND WEDDING RECEPTIONS AND MOST OF THE INCOME YOU GET WHEN YOU DO THAT IS FROM PEOPLE WHO TIP AND THE BETTER JOB YOU DID, THE MORE THE TIPS YOU GOT. BY THE WAY THE LEFT, THIS IS ANOTHER PART OF THIS STORY, LIBERALS DON'T LIKE TIPS. THEY HAVE BEEN TRYING TO GET RID OF THE TIP ECONOMY, EVERYBODY GETS PAID THE SAME. BECAUSE IF YOU PERFORM BETTER THAN I DO YOU SHOULDN'T GET MORE MONEY. I LOVE THE TIP ECONOMY. I THINK IT SHOULD BE EXPANDED. I WILL SAY ANOTHER THING. THIS IS A BLUE-COLLAR PRESIDENT WHO WANTS TO GIVE A BLUE-COLLAR TAX CUT TO WORKING CLASS AMERICANS. I GOT TO TELL YOU, LARRY, I TALKED TO A NUMBER OF MY DEMOCRATIC FRIENDS. YOU KNOW WHAT THEY SAID? WHY DIDN'T WE THINK OF THIS. I THINK TRUMP REALLY BEAT BIDEN ON THE MIDDLE CLASS. I THINK YOU'RE RIGHT, SO MANY STATES LIKE NEED, -- NEVADA, GOOD POLITICALLY AND IT IS GOOD ECONOMICS. IT IS A PAY RAISE FOR PEOPLE THAT WORK. LARRY: MORE AFTER-TAX INCOME. IT REDUCES THE TAX BURDEN ON EMPLOYMENT. IT PROVIDES AN INCENTIVE TO WORK. IT IS A FABULOUS IDEA. BUDGET CHAIR JODEY ARRINGTON, I JUST WANT TO ASK YOU, JOE BIDEN IS GOING TO LEAVE A POTENTIAL PRESIDENT TRUMP WITH ROUGHLY A TWO TRILLION DOLLAR BUDGET DEFICIT AS FAR AS THE EYE CAN SEE, OKAY? JOHN MAYNARD KEYNES WOULD TURN OVER IN HIS GRAVE. YOU HAVE HIGH INFLATION, LOW UNEMPLOYMENT AND YOU'RE STILL RUNNING MASSIVE BUDGET DEFICITS. IT VIOLATES EVERY RULE OF ECONOMICS KNOWN TO MANKIND, LEFT, RIGHT, CENTER. HOWEVER, MR. CHAIRMAN, IT WILL BE ESSENTIAL TO EXTEND THE TRUMP TAX CUTS ON TOP OF THIS DEFICIT. I KNOW THIS IS NOT THE LAST WORD. I JUST WANTED TO FEEL YOU OUT. ARE YOU THINKING AHEAD? ARE YOU LOOKING AT RECONCILIATION POSSIBILITIES IF YOU GET A TRUMP PRESIDENCY, AND A REPUBLICAN SWEEP? >> ABSOLUTELY. IT WILL BE THE BIGGEST TOOL IN THE TOOL BOX TO SAVE THIS COUNTRY FROM FISCAL COLLAPSE. WE'RE ON AN UNSUSTAINABLE PATH. YOU MENTIONED TWO TRILLION IN ANNUAL DEFICITS. THAT WILL DOUBLE OVER 10 YEARS AND WE'RE GOING TO PAY JUST THIS YEAR, ALMOST A TRILLION DOLLAR TO SERVICE THE DEBT WHICH IS MORE THAN WE'RE SPENDING ON MEDICARE AND DEFENSE. SO THE FOUNDATION HAS TO BE GROWTH. WE ARE SPENDING AND BORROWING MORE, FASTER THAN WE'RE GROWING AT A FASTER RATE. SO WE'VE GOT TO START WITH RETURNING TO PRO-GROWTH POLICIES. I THINK THE TAX CUT AND TAX REFORM IS THE CENTERPIECE THERE. LIKE WE SAW RECORD REVENUE, RECORD, NOT JUST REVENUE OF THE COVERS BUT REVENUE BACK TO FOLKS IN TERMS OF WAGES AND INCOME AND, BUT IT'S DEREGULATION. IT'S ALL THE ABOVE. IT'S AMERICA FIRST TRADE, BUT YOU'VE GOT TO BEND THE SPENDING CURVE AND YOU'VE GOT TO FOCUS ON THE MANDATORY SPENDING THAT IS DRIVING THE DEBT. YOU CANNOT AVOID THAT. SO IT IS THE TEXAS TWO-STEP, CUT SPENDING GROW THE ECONOMY. PRESIDENT TRUMP KNOWS HOW TO DO THAT BETTER THAN ANYBODY IN RECENT HISTORY. LARRY: STEVE MOORE, I JUST HAVE 30 SECONDS. WHY DOES THE JOINT TAX COMMITTEE KEEP REESTIMATING THE TRUMP TAX CUTS TO BE MORE AND MORE -- 1.5 TRILLION A FEW YEARS AGO. NOW THEY HAVE IT ALL THE WAY UP TO FOUR 1/2 TRILLION. I THINK THAT IS GARBAGE IN, GARBAGE OUT. 30 SECONDS, STEVE MOORE. >> YEAH THE MORE THEY'RE WRONG THE MORE THEY DOUBLE DOWN. LARRY: RIGHT. >> SHOULD BE REVISING THEIR ESTIMATES THE OTHER WAY, WHOOPS WE MADE A MISTAKE. YOU AND I AND EVERY AMERICAN KNOWS THAT THIS TAX CUT THAT THE CHAIRMAN WAS JUST TALKING ABOUT HAS ACTUALLY PAID FOR ITSELF WITH BETTER INVESTMENT, BETTER EMPLOYMENT, BETTER GROWTH. LARRY: YOU KNOW I THINK, I THINK FOX BUSINESS HOSTS SHOULD BE PAID ONLY IN TIPS, THAT'S WHAT I THINK. >> EXACTLY. LARRY: A FABULOUS NEW IDEA. >> I LOVE IT. LARRY: STEVE MOORE, THANK YOU VERY MUCH. HOUS
