it s not like 2001 or 2000 where we had surpluses that you could play around with individual tax breaks. the bottom line is you ll cut taxes every type of tax cut doesn t lead to the next level of economic growth and you need to be offsetting economic growth because of the deficit that s growing right? when you cut corporate tax cuts, it leads to savings and investment decisions that can grow the economy. when you double the child care tax credit they get to spend more money everyone likes to have their money back but it doesn t lead to an investment decision that grows the economy. when you go to the tax foundation website they explain how this works but you get very little growth from the low level income tax cuts or tax credit and all this that goes on to get votes and the high end tax cuts that the are for businesses actually lead to economic growth unfortunately people or voters vote and they want the little tax breaks and everything so the bottom line is you need to go from maxim
more tax cuts. it doesn t pay for itself at the same rate a corporate tax cut does. dagen: but ideologically it s what gary b. talks about week in week out it s we make better decisions with individuals with our money than politicians do and even bernie sanders floated the idea of making the middle class tax cuts permanent and then when ted cruz said okay, let s do this he was like well that s not right it was taken out of context that s my reaction. when he said anything i don t think he s ever agreed with me that i know of but i actually think we should be having this conversation and also talking about the cuts of the corporate tax rates leveling this out what jonas was proposing here. this is more than about economic growth. the republicans fulfilling promises to the american people. donald trump campaigned on that and said i ll put more money back in your pocket. so i think that it is important. i think that democrats should get on board with this if it s not just a massive act
hundred billion dollar pocket book? i think so but i do want to make it clear i actually agree with what everybody has been saying which doesn t usually happen and we all remember that gary actually agreed with me which is a first ever in the last segment. i do think there should be transparency about this and there is a way to do that and more broad strokes, if the community is concerned about what is being given away and this isn t just money we re talking about eminent domain for instance as gary mentioned there and it s important to have those conversations but i think that when the occupants of wherever this headquarters may go here are those 50,000 jobs right and the $5 billion investment. they re pretty cool is whatever it is being offered so beyond that it is their money you re spending and be honest but i don t know if it s every single detail. dagen: jonas, to you finally, but again it s kind of obvious whose going to be the most desperate. do we even need to know the numbe
to 20 trillion in 16 years and that was in a high tax environment and low tax environment high corporate tax rate low corporate tax rate. these guys can t balance the budget. this argument over tax cuts dealing with deficits is absolutely ridiculous. we have a complete separate issue give money back to americans let them do with it it s their money. dagen: thanks guys and gals cavuto on business 20 minutes from now charles payne is in for neil. charles? charles: hi dagen. we know which immigration meeting is making headlines today, but is something specific about this one that captured our attention plus a new rule for some medicaid recipients who are able to work for government assistance? some say it s heartless but someone here says it s the best thing for them and taxpayers in the long run. see you soon. dagen: thanks charles we can t wait but coming up next, right here, it s no secret that cities nationwide are fighting for amazon s second headquarters, but what they re offering t
penk over the next 10 years. meanwhile, you will not believe what your government is wasting your tax dollars on. funding studies on pizza addiction to crafting the perfect tweet to. finding out how beer cozies keep your beer cold and even why people date out of their league. i m not kidding. they ever spending your money on that stuff. one senator exposing that waste arizona senator jeff blake posting this year s waste watch. new book. this is it. $100 billion worth of waste in here on what? a lot of money. on what? on things that you would never expect the federal government to be spending money on. like? like you say, these studies to find out how some men or women date out of their league. we spent considerable money there. 27 $6,000 for studies where they paired a couple up and had them talk this these government coders decide deciding whether were attractive or not attractive and why some men were ableú