tv Your World With Neil Cavuto FOX News May 25, 2021 1:00pm-2:00pm PDT
gets started just about now. have a great afternoon, everybody. see you back here tomorrow. >> neil: okay. i'm back! now, i thought that would be good news. i missed you guys. apparently wasn't always mutual. welcome, everybody. i'm neil cavuto, this is "your world." a lot of you preferred having "your world" with someone else doing the show, apparently. i heard from a lot of you. one says, damn, you're still alive. i kept looking in the obituaries. sorry to keep disappointing you. t.r. writes i don't know what you have your bosses but the only place i want to see your
ugly moon face is on a milk carton. moon face? anyway, sean in jacksonville. charles payne has class. sandra smith has style. the only thing you have is a bad voice and an even worse toupee. yet you're still on the air. is this a great country or what, cavuto? for once and for all, this is not a toupee. it's paint. all right. sheila in new york city. they call you a news guy. i just think you're a boring guy and you dress like an undertaker. outside of that, i don't find you too objectable. not so much that i have to leave the room most days. like an undertaker? i guess this is black. vinny in queens writes, you know, some call you a never trumper. i call you a never anyone. you're a jerk to everyone. a regular fair and balanced creep. so glad i impress you. any kwai, i know you deal with a
lot of health issues. i won't have to put up with it forever, right? just for that, forever, yeah. deal with that. and then there's kat. you know what i admire about you, cavuto? you do your own thing. it's a boring thing. it's not very entertaining but it's your thing. i point to you and tell my kids that anything is possible. look at that guy. anything that i can do to help. my own kids wrote that. anyway, well, cavuto just came on. time to watch dallas or lost on amazon flick channel. i can't stand the guy's attitude. you're watching dallas? that's what i'm thinking. this was one of my favorites. gregory tweets, i swear came from charles, charles payne can permanently take over from neil cavuto. so much more pragmatic he is. what is with the yoda thing? more pragmatic he is.
so some of you, some of you are not too keen that i'm back. but man, oh, man, i'm a vulnerable. human being. i might dress like an undertaker but i don't think like one. i'm glad to be back. i enjoyed the healthy ribbing. you're saying they're not ribbing. they're serious about that. we are back. i want to thank charles and sandra and david. all great people. i'm still alive. all right. still alive apparently is infrastructure on capitol hill. here's the deal. they're still miles apart on this thing. it's still very expensive when they talk about how they're going to ultimately get it done. we're going to take to the gop conference chair on where this is going. they're narrowing the difference but still miles apart. let's get the read from blake burman at the white house where things stan right now. no one complains about blake, by the way. they love blake.
>> you're the absolute best, neil. i speak for everyone. don't worry about the e-mails and the tweets. they're the best. we love you. >> neil: my wife has to stop writing. blake, come on. >> i thought sandra smith was anchoring today. that's why i said i would leadoff. you're back. just kidding. welcome back. thank you very much. anyways, over here at the white house. it is an important few days as it relates to infrastructure. let's start there. senate republicans are expected to unveil their counter proposal we're hearing thursday. if you listen to senator roger wicker on capitol hill, he suggested it could be in the area of a trillion dollars to be paid for by keeping the corporate tax structure in place and maybe using unspent covid funds is what some republicans are talking about. that is important, neil. the white house has come down to $1.7 trillion. they want to pay for a infrastructure package by
raising the corporate tax rates. so earlier today, i asked the white house press secretary jen psaki if the white house would accept a proposal in which the tax code is not changed. listen here. >> we're waiting to hear back from republicans on how they would propose to pay for it. if they don't want to touch the 2017 tax cuts that did not end up having a wind fall back to the american public, that's their choice. but they have to propose an alternative. >> republicans say that alternative will come thursday using unspend covid funds to pay for infrastructure. we heard from senate republicans, neil, this afternoon. i got to say, they sounded pessimistic about the prospects of a deal. watch. >> could be a bipartisan agreement. but at the moment, they don't seem to be interested in that. i hope that that changes. >> neil, we've been talking about infrastructure for quite some time here. here's why the timing now is
important. because the white house has targeted this upcoming weekend, memorial day, to say that that is when they want to see progress on the prospects of a bipartisan deal. so if in the coming days it doesn't seem that that might not be in the cards, you have to wonder what democrats potentially could choose to do after that as their next steps. neil? >> neil: yeah, as you reminded them, my friend, it's not a given that the democrats go it alone they'll have enough votes to do that, right? so it is tight. >> yeah. there's democrats in the house that want the salt cap repealed. that having to do with your taxes. you know, in the house there's the two or three-vote threshold that democrats have. there's like a dozen democrats that want that as a bart of the package. the white house doesn't want it as part of be package. so you have that issue.
in the senate, the corporate tax rate. 28% is what the president wants to raise it to. joe manchin said he doesn't want to go up to 28%. so even if the democrats say you know what? we tried, we negotiated, we're going at it alone and you reconciliation, which is what they did for the $1.9 trillion covid relief package, no guarantee that they have the votes to go at it alone and be successful this time around. >> neil: yeah, this is liking dicey. as you were speaks, a viewer e-mailed and say blake burman is great.he looks like your son but smarter, swifter and prettier. >> my wife is in front of the computer. >> neil: i don't know. i don't know. thank you, blake burman. rock star at fbn and fnc. let's go to another rock star in the senate, john barrasso. what do you think about infrastructure, senator? >> first, neil, on behalf of
your fans in wyoming, we're delighted to have you back on the air. welcome back. >> neil: thank you very much. >> in terms of infrastructure, it's no surprise that we're very far apart. we were close when we left the white house meeting with president biden. since then, either president biden has changed his mind or nancy pelosi and chuck schumer have overridden him by demands by the liberal left. $1.7 trillion and tax increases. republicans will have an offer that will focus on things that the american people think of as traditional infrastructure. physical infrastructure. roads, bridges, parts, airports, waterways, broad band. the things that make a difference in people's lives and would help get this economy moving forward. >> neil: you know, stater, could be me. i don't see this happening.
i know you guys have gone off to one plan they're kicking around, one trillion. the administration is at 1.8. bottom line, it doesn't appear likely. i say that without any republican support relying on democratic support. that doesn't seem to be united. this seems to be fizzling. am i right? >> well, you are right. we look at the fact that we're dealing with impressive inflation. inflation is roaring back. larry summers, treasury secretary for president clinton, worked for president obama, said look, if you're going to do this, don't pour more money on the flame of inflation. do this with money that has been approved but not yet spent. there's $700 billion in this last covid so-called relief package that lad very little to do with coronavirus. $700 billion that is not even supposed to get sent out until
2022 and beyond. that is the place that we ought to be looking to take that money for investing in this sort of core infrastructure that the american people need. >> neil: all right. now you're open obviously to a little more, but you're not open to tinkering with the tax code to get it. i know you are relying on user fees, tolls, that sort of thing. is there any wiggle room on that side? >> we are not going to touch, not going to touch the tax cuts and jobs act of 2017, which did a tremendous job of rebuilding the economy, bringing our economy roaring back before coronavirus hit. we know what works. the other thing that we're dealing with with the democrats is they don't want any of the regulatory relief that we think is necessary from the standpoint of being able to build thing better and faster and cheaper and smarter. they have more regulations, more demands, more mandates that add to the cost of getting the job
done. so you get less bang nor the buck. we're going to come back with a proposal focussed encore infrastructure, things that the american people think of as infrastructure and we're leaving out the social spending, the tax credits for electric vehicles. over $100 billion there. so called climate justice. we're leaving those things behind to focus on the things that we think will help the economy the most. >> neil: you know, senator, this comes at a time when people are looking at who speaks for the republican party. i know you work closely with mitch mcconnell. assuming that the tide in the senate and the house changes favoring republicans, would you still favor mitch mcconnell being your leader in the senate? >> yeah, there's no doubt in my mind or the 50 republican senators. we're going to focus hard on taking back the majority of the senate. mitch has been a tremendous
leader for our party and our country. we work closely together and focus on jobs and the economy and on national security, energy security. we know what kind of a battle we're in here against this administration for massive taxes, massive amounts of spending at a time of roaring back inflation. we're in capable hands of mitch mcconnell as our leader. >> neil: the former president, donald trump, does not agree. are you still of that view? >> if we voted today, mitch mcconnell would be unanimously re-elected action leader of our caucus and he was re-elected in november. >> neil: true enough. senator barrasso, very good for having you on. thanks for your kind works from your beautiful state of wyoming. senator john barrasso; thank you. we have steve moore here.
something that we're watching today, elizabeth warren's plan to triple the budget for $30 billion. she wants to go after those that are not paying taxes. one feature is reporting tax flows of wealthy clients. this goes far beyondpresidentbiden. what do you think? >> i was looking at her plan. you're talking about 100,000 additional irs agents, which is incredible. 100,000 is a medium size city in america. i don't think the american people are eager to see 100,000 people getting into their financial records. you mentioned the budget impact of this, which would be tens of billions of dollars. i believe the biden plan would cost $80 billion in terms of just beefing up the irs.
look, i think the american people just want a simple tax plan. i go back to steve forbes. if you had a flat tax, got rid of the deductions, the loop holes, the carveouts, we could have a simple plan with pa fairly low rate, raise as much money as we do today and you wouldn't need another 100,000 irs agents. >> neil: people think you would raise more money than today. that being said, i'm curious what you make of the administration's effort and coupling it with what elizabeth warren wants to do to target the rich. she's saying they're the ones dodging the tax men. she carves out extra penalties for those that earn over $2 million. what do you make of that approach? >> look, the higher you raise the tax rate, the higher the incentive to cheat on taxes. our system, we have said this
for 100 years. our system is really based on voluntary compliance. americans complying with the irs tax code. they do that when they view the system as fair and simple and they're paying what they owe and the guy next to them is paying what they owe. when you add all of this complexity, we have tens and tens of thousands of pages of regulations and code. a lot of it is for uncollected taxes. people can't figure out the system. making it simple and easy would be by far the best way to make the tax system, collect more revenue. people will comply with the code if they think it's fair. a lot of americans don't. i want to make one other point about this, neil. used to be that liberals cared about issues of civil liberties. what you will have is government agents looking into every single aspect of your private life. there's been abuses at the irs
for decades, for decades, going back to nixon and before that. using the irs tax code to harass political enemies and so on. i'm not comfortable with giving the irs more money to do that. >> neil: yeah, you think it's going to look at the rich's bank accounts, it would irvariablely to look to more people like the other taxes that we're supposed to hit the rich and they expand it beyond that. we'll watch it closely. steve moore, thanks very much. >> one thing, neil. can i mention one thing? down the different between a taxdermis and a tax collector? >> neil: no, i don't. >> the taxadermis only takes the skin. >> neil: i see what you did there. we have more coming up including
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>> we all want to get to the bottom of this. this is not a matter of blaming someone. it's a matter of preventing the next pandemic. >> neil: and the congressman, mike gallagher telling me on fox business that we're losing on this. the fact that the chinese are blocking into the investigation on this and helping the world health organization to decide where things started and how they started, it's a 180 from where we were a year ago. so where are we going with this right now? hillary vaughn on what has been a whole change in attitude about how this all began. hillary? >> hi, neil. the nih director, dr. francis collins, told lawmakers today that money did make its way to
the wuhan institute of virology through an outside group called eco health alliance. that group was awarded by the nih a $3.7 million grant. eco health gave $600,000 of it to the wuhan lab for a china bat research project. that project helped build the library of 15,000 bat samples, 400 new coronaviruses were discovered including one that had a 96% match to covid-19. lawmakers today wanted to know if the wuhan lab could be using this babb library of viruses to try to engineer one to be more dangerous and more contagious, something called gain of function research. >> we're of course not aware of other sources of funds or other activities that they might have undertaken outside of what our approved grant allowed. >> so we could have sent money through eco health alliance, money could have behinded up in
the wuhan institute of virology, which might be doing gain of function research. >> dr. fauci was also asked today at a separate event if it's possible that the virus escaped from a lab. >> we don't know 100% the answer to that. since this is a question that keeps being asked, we feel strongly, all of us, that we should continue with the investigation. >> at the very least, whatever was happening at this wuhan lab was concerning enough to the nih to trigger them to quickly suspend all funding last year in the height of the pandemic. they wrote this to eco health alliance in a letter. "the nih has received reports that the wuhan insurance -- institute has had problems." i talked with the eco health
alliance and they said their funds are still frozen. neil? >> neil: so how important is it to get to the bottom of this? let's go to dr. bob lahida. and clinical professor. the guy -- he's the guy i cheated on. i sat in back of him. whatever he wrote, i wrote down. doctor, good to see you again. what do you make of this debate over how this all started, doctor? how important is it to you to get to the bottom of that? >> i'm thinking the virology institute was the source of this infection. because of the intelligence that we received and the fact that there are wet markets all over southern china and various cities. you don't see this virus coming from any of those wet markets. they're just like the one that is in wuhan. so i believe with what we now know that a couple of technicians seem to have gotten
sick very early on a in january or even before in december of 2019, that the wuhan institute of virology is likely the source. because this gain of function research, which you just -- which one of your correspondents just discussed is serious stuff. if they have in fact been divvying up this virus to make it more infective and deadly, that is of concern to everybody in the scientific community. >> neil: do you worry, doctor, the chinese are not cooperating and that they say that they had nothing to do with them planning something in a lab and releasing it deliberately or accidentally to the world. we should get a handle on how it started because if they're not helping now, it could happen again, couldn't it? >> it could and likely to happen again. we expect another pandemic in the next 50 years. so it could happen again.
yes, the chinese should cooperate and we should have an investigative body consists of the world health organization and the nih who has given money to the virology institute for studies. everybody should be involved and should be a neutral independent committee to investigate this terrible infection. >> neil: doctor, i worry about the role china either deliberately or accidentally plays no not only this contagion but sars prior. they have their own rules. they have their own secrets. i'm just wondering if we were to see another such pandemic, it would originate from this part of the world. >> no doubt that that is where it could originate because as you know, these viruses jump species. we saw that with hiv, which we
suspect jumped species in africa. here this coronavirus of which there's many infected of that coronavirus family could easily jump species again. either from the boomerang bat or from the laboratory now as we suspect. >> neil: doctor, there's a heavy debate going on in japan whether they should host the olympics. they've had a spike in cases. residents are nervous. countries bringing their athletes are nervous. should they be? should we be? >> we should all be nervous about that. anywhere in the world where there's a spike such as in india, now in japan, we should be concerned that we're going to be sending our best athletes to that country, hopefully all of our athletes will be vaccinated, but i don't know if we can make that mandated. but we don't know about other countries athletes. they could easily become infected with the spike of this
coronavirus. that would be an international catastrophe. there's nothing wrong with suspending these olympics. >> martha: thanks, dr. lahita. after this, on the one-year off of george floyd's death, the president meeting with his family today at the white house. all of this as commemorations in minneapolis turn scary. take a look. >> have to be careful with gun shots here. [shots firing]. you can check your glucose with a painless, one-second scan. and now with optional alarms, you can choose to be notified if you go too high or too low. and for those who qualify, the freestyle libre 2 system is now covered by medicare. ask your doctor for a prescription. you can do it without fingersticks.
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the family of george floyd a year after his death. it was tense around the country today. concerns about whether there could be any problems. doesn't seem likely right now. separate incidents that have nothing to do with the co mediumer -- commemorations. chad pergram has more. >> hi, neil. the george floyd family was at the white house. optics are important in pop ticks be, but they will miss the deadline about passing a police reform bill by today. california democrat karen bass says ignore the calendar. >> we will get them still and what is important is that when president brings up substancive information and it's more important than a date. >> not everyone is convinced
congress can make a difference. that's because policing is local. >> whatever we get done on capitol hill is just going to be added to that. the real reforms have to come from the local level. >> some liberal democrats may think a deal with the gop is too watered down, this is why president biden may struggle to pass bills on other issues important to democrats that includes the 16 commission and infrastructure. >> we always hope that our republican friends will work on us on things. >> even democrats are not aligned on infrastructure. that's why they may have to work with the gop. senator roy blunt believes it's easier to lure several members of the gop to vote yes than whipping the final 4 democrats, a new gop offer is on the table. it's about $1 trillion. schumer says democrats plan to move infrastructure on the floor come july. neil? >> neil: if it was democrats only, chad, let's say just on infrastructure, could they get
that done? >> you'd have to see the contours of the bill. they can't get to 60 votes. that's why they have to use reconciliation here. that's where you go around the filibuster. they don't have 50 votes on their side. that's why there's this rejuvenated effort to try to get the gop on board. >> neil: thanks, chad. to randy sutton, the former las vegas police lieutenant on this police reform issue. obviously they're nowhere close to where they want to be. they want to get something done. do you think they will? >> well, i think we got to look at this head on. that is that in actuality, this world "reform" is a misnomer. this has never been about reforming the police. this is about revenge. revenge against the police. this is -- this could be -- i firmly believe in congress wanted to and america truly
wanted to, this could be a watershed moment of police improvement because that's what is needed, not police reform. there's -- there's a great many ways in order to accomplish what the left saying what they want but that's not what they want. if you take law enforcement and you train officers properly, you compensate officers properly, you treat officers properly, they will then in turn be able to effectively police. that's all everybody wants. yet, we're not hearing that. all we're hearing is let's take away qualified immunity. let's make it easier to prosecute. let's to everything negative against the police, including what i'm calling triple d leftist agenda towards destroying law enforcement. that is defunding, dehumanizing and demoralizing american law
enforcement officers. >> neil: do you get any sense though, lieutenant, that you can debate what is behind it, but we've seen a double -- triple digit rise in crime in a number of cities, violent crime, triple digits certainly in the new york area and chicago, philadelphia, double digit increases across the board, all groups. i'm just wondering given that, shouldn't that be the focus, dealing with that? >> yeah, you're absolutely 100% right. yet that's not even in the stars here. because the focus is only on revenge against the police. what could anyone expect, neil, from taking away 200 cops, almost a third of the department in minneapolis and then expecting that crime isn't going to go insane? of course it did. we're seeing this in every city in america. 40 police officers have given
their life, murdered in the line of duty since january 1. 40 cops. you don't see any of those families getting invited to the biden white house, do you? this is another part of the disrespect that this administration is showing the american law enforcement officer. you're absolutely right. crime is what should be focused on. but it's not. and the answer is clear. more policing, more effective criminal justice and a move to hold people accountable for their crimes. that's exactly the opposite direction that we're seeing in all of these cities. >> neil: randy sutton, thanks very much. hopeful cooler heads prevail here on this. we shall see. meantime, taking a look at what is happening with the migrant kids. how it ended up -- so many ended up in tennessee or passing through tennessee.
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>> the governor of tennessee says that he was asked and he declined the biden administration request to house unaccompanied minors in the coming days or recent days, there's reports that four planes filled with unaccompanied minors landed in his state, some in the middle of the night. can you explain what's going on there? >> the children were traveling through, have been traveling through tennessee. they're on their way to unite with relatives and sponsors in the state or just traveling through tennessee until they reach another destination to unite with family members or legal sponsors. >> neil: all right. senator bill haggerty heard that. he wasn't buying it because of the definition of whether they were passing through or coming in there was never clarified nor the number of individuals of the
minors that were being accepted there. the senate is kind enough to join us now. do we know at this point how many of these youths have gone into tennessee, been located, relocated in ebb tennessee, not just the ones flying over tennessee? do we know any numbers? >> great to be on with you, neil. the answer is no, we don't at this point. i'm pushing hard for transparency and the biden administration is blocking us. notice that they move the planes in in the dead of night. they're coming by commercial airlines and private air. the planes that we found out about are landing after midnight. they're disbursing the people that are coming in. we hear they're unaccompanied minors. are they vaccinated? have they been vetted? they could be adults. what sort of people are moving in the state? these are questions that need to
be answered. you mentioned the governor's response to the biden administration. they asked for permission. he said he wasn't ready to accept these people. they're illegal entry into the united states. they have not properly -- we don't flow that they've been properly voted nor what type of health crisis that they might present. we need to know. this will overcrowd our schools, overwhelm our hospitals and overtax our public safety. we have an important right to know what the biden administration is doing with these people they're moving into our state. >> when the southern christian coalition calls these pleas for transparency harmful and divisive and it's a political gimmick more than anything else, what do you say? >> this is not harmful or divisive. this is responsible. we need to know who is moving into our cities. we need to plan for this, be able to address it. what do you say to the suburban
household whose kids are already in a overcrowded school situation? the people in chattanooga have been told that they'll have to see more school students coming in. they have to accommodate these people moving into the school system. we don't know the numbers. went -- we don't know who, what grades. will the hospital being overwhelmed? law enforcement has to deal with this. i talked with sheriffs every day. the crisis at the border -- make no mistake, this is a part and product of the border crisis that the biden administration precipitated in january. i warned then that this would happen. this is exactly what is happening. we're seeing more flow of illegal drugs, more human trafficking. law enforcement is overwhelmed. we've had more deaths from fentanyl since this border crisis has concerned. i want to get to the bottom of this. the biden administration is yet to send kamala harris there. >> neil: all right, senator.
bill haggerty on this. we're trying to ascertain the numbers that the senator talked about here. they're difficult to come by here. we'll keep trying. meantime, when it comes to home sales, they're doing fine, thank you but we finally hit that point where some of the homes are getting so expensive, they're not selling as quickly as they were. if they're selling at all. we'll explain after this. cal: our confident forever plan is possible with a cfp® professional. a cfp® professional can help you build a complete financial plan.
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>> neil: he was good news, homes are still selling. the bad news, not as much as we wish they would. >> this construction is the perfect example, they put it on pause because the materials to build houses are so expensive right now. you put this project on pause because lumber and all sorts of materials are going through the roof essentially since last july. it's doubled in price, its roof shingles, spray foam, it's numerous things. prices for new homes are going
up and sales are going down over the last couple of months. that has the white house concerned and the national association of homebuilders are concerned. listen to them earlier on fox business. >> people invest in a house, they hope the prices go up some and that's to be expected especially with the amount of demand we have right now but they are rising too fast. >> another rising cost is the cost of regulation, everything from zoning approvals to environmental impact and traffic impact studies, the total regulations on a new home is right around $94,000, a quarter of the cost of an average new home. you have that increasing over the last five years into the immediate problem, all converging at the same time. >> neil: all right, thank you very much for that. in the meantime, following the
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>> neil: here is a sign, sure as any that concerts are coming back. the eagles are going to have 14 concerts, elton john, 94 concerts, no adele, i'm not going to hold a grudge here but it's a sure sign is any that people have an itch to get outside and there are plenty of opportunities. kat timpf, the fox news contributor, great to have both of you guys, do you on concerts, what you think? >> i will die if i don't get to go to a concert soon, honestly, going to concerts since i was in high school has been one of my absolute favorite things to do, i devoted several months, i would dance, i feel alive.
i have resorted to playing concerts on youtube's and dancing around which is in the same no it's not. >> i hosted a music interview show, i love music and i think sometimes people forget that the live events and concert industry got absolutely decimated the last 14 months. it's $30 billion was lost in revenue so it's not the roaring '20s anymore, it's the roaring 2020s. garth brooks announcing huge stadium tours, 70,000 people in july, lollapalooza over in chicago. >> neil: are you worried about that? everyone packed and really close? >> no. >> let it rip, let's do it,
let's go. >> i am vaccinated so, i am fully vaccinated and i'm ready to go dance around in an event worse somebody might spill beer on me. >> neil: you know, everyone and everyone, billy joel apparently, 12 concerts right through june of next year, these are all my kind of generation guys so what of the hot crowds are you following here? you don't strike me as rod stewart types but where you can ago? >> yeah, well, i've got to give a shout out, there's this great band called all-time low that kat and i both like, they are performing the summer, i am djing into coweeks, you can come in to atlantic city. beco he djing my wedding. >> neil: promising signs, alive and back, right?
>> absolutely, i followed all these rules and i stayed inside and tried to throw my own concerts using the internet and now that i am vaccinated and things are reopening i am ready to go. >> neil: all right, we will talk later, guys. a whole separate issue, may make some of you uncomfortable but you're just going to have to deal. here is "the five." >> greg: i'm greg gutfeld with juan williams, katie pavlich, jesse watters and dana perino, "the five." the great american escape begins, the cdc now says half of all u.s. adults are vaccinated and as such, crowds are back in full force. filling the streets after work, like sailors who just won the