Wall street journal columnist and former george w. Bush speechwriter william mcgurns excellent piece called, time for zombie reaganomics. That is in todays wall street journal. Mcgurn calls it zombie reaganism because people think the gyppers free market, low capitalist, low tax, deregulation policies are hopelessly out of sync with modern thinking. People who make that case are mostly part of the new socialism, practiced by todays democratic party. Wasnt always so for the democrats. John f. Kennedy slashed tax rates. I wrote a book on the subject. Ronald reagan always promoted the jfk tax cuts when he himself smashed tax rates in the 1980s, bringing the top income tax rate believe it or not down from 70 to 28 . Incidentally joe biden voted for the reagan tax cuts when he was a senator, just saying. So after the tax cuts the economy boomed in the 1980s, i mean boom boomed. Between 1982 which was the end of the carter recession really and 1988 the gdp growth rate was an astonishing 5. 4 at an annual rate. It also boomed in the 1960s, growing at an annual rate of 5. 8 between 62 and 68. I dont think it is coincidence that tax cut were essential to the rising tide of prosperity in both eras. Bill mcgurn finds a great quote which i will repeat and read, why is it inflationary if you keep more of your earnings and spend them the way you want to but it isnt inflationary if the president takes them and spends them the way he wants to . Thats reagan saying that about carter. Here is president reagan saying it himself. Why is it inflationary if you keep more of your earnings and spend the them the way you want to but it isnt inflationary if he takes them and spends them the way he wants to . Larry got it. Spot on, mr. Gipper. Of course im proud to be alumnus of the Reagan Administration when i was a young man. Of course i have stayed with reagans free market supply side principles all these years since, proud to say so. But proudly, most important thing i learned from the gipper is his remarkable sense of optimism. He explained to people why the hapless jimmy carter had to be defeated and then reagan fought the liberal Media Establishment in a tooth and nail battle for many years but reagan wouldnt give up. The end of the day people supported reagan through thick and thin. He won two landslides in 1980 and 1988 and he launched an economic boom that really lasted through the early 2000s. It really wasnt until the financial meltdown of 20082009 that the reagan boom actually ended. Pretty remarkable stuff, dont you think . Bill mcgurn is exactly right that candidates for president today and im thinking specifically of those debating at the Reagan Library tomorrow night should follow reagans most successful political textbook, freemarket capitalism, not Big Government socialism is the path to prosperity. Supply side policies of low tax rates, deregulation, limited government, reciprocal free trade and a sound, reliable, king dollar are the key factors that could be put in place by a republican in order to begin the next longterm economic boom with perhaps 5 annual growth. Think of it. Gop candidates at the debate should not only echo reagans policies but his confidence, his humility, his ability to connect with ordinary working folks and his optimism regarding the future of america. Reagan always said he wasnt really a great communicator. It was the ideas that he was communicating. There you go. Lets hear it from these gop candidates so they will be able to persuade america of their virtue and the virtue of their ideas on the economy. We will talk some more about this debate channeling reagan later in the show, but first up, lets talk about the first biden impeachment inquiry hearing which is set for thursday. Joining me now kentucky congressman james comer, chair of the House Oversight committee. Chairman comer, welcome back to the show. Thursdays kind of the new beginning i suppose you could say. I just want, couple things i want to ask surrounding this new beginning on thursday, basically one of them is, if you can tell our viewers what is it you wish to accomplish now in the more formal setting of the impeachment inquiry regarding the Oversight Committee . What are you looking to get done, mr. Comer . Two things. First of all we want to explain exactly what an impeachment inquiry is and secondly we want to go over all the evidence that weve accumulated thus far. Remember, larry, our friends in the Mainstream Media are trying to create a false narrative there is no evidence of wrongdoing by joe biden and that is simply not the case. In the beginning they were saying there was no evidence of wrongdoing by anybody. That ship has sail. The media accepted the president s son committed crimes, many serious crimes but this investigation is not about the president s son. This is about joe biden and that is what we hope to get across to the American People on thursday. Larry lets see, your initial witnesses, forensic accountant bruce dubin ski, Justice Department former assistant attorney general for taxes eileen oconnor, and wellknown law professor at gwu, Jonathan Turley. What will you have them go through . Are they the ones who are going to review all of the evidence or will they present new evidence or how is this going to work out . I think you will see over the next 48 hours well release some new evidence of wrongdoing by the biden family but with respect to the three witnesses what we want from them is to answer questions from our panel. So we have 26 republicans on the panel and obviously there are 19 democrats will continue to defend the indefensible by defending joe biden at all costs. With respect to the 26 republicans, we want to go over the evidence we accumulated thus far and ask each particular witness what their impression of this evidence is. We have forensic auditors, forensic accountants that will be able to talk about the tax crimes. We have Jonathan Turley who does a very good job talking about the violation of the foreign agents registration act. He talks about crimes that joe biden himself has committed. Then weve got the doj employee that can talk about the coverup. Remember there is two problems that we have here. We have the biden crimes and we have the biden coverup. So all three of these witnesses will be able to cover every angle of what weve been trying to present to the American People for the last several months. Larry can i ask you, speaking of the biden cover cup and the coverup by Merrick Garland and others, i guess last friday was, anyway, Merrick Garland as you know testified in front of jim jordans Judiciary Committee and basically denied that there was any interference by him or presumably by main justice in the investigations of david weiss as a u. S. Attorney, okay . And then you, jason smith of ways and means had uncovered the irs agents, two irs agents who completely denied that and gave pretty hard evidence, pretty Firm Evidence that the Justice Department had interfered. Now where im going here, sir, you got late last week right after Merrick Garland spoke before judiciary, two more irs agencies corroborated the report that the Justice Department discouraged mr. Weiss from charging hunter biden, okay . Two more. So you have the first two. Then you have spot the second two. Two plus two equals four irs agents. Four. Larry even in this woke period two plus two still equals four and when it comes to irs agents you have a lot of evidence that Merrick Garland was, to put it mildly, not telling the truth. I wanted to get your thoughts on that and how does that figure in your own investigations . Well its a problem because again not only are we investigating the crime were investigating the coverup and with respect to what the irs whistleblowers, the two initial ones that testified, i believe them. Their stories never changed but weisss story changed many times about Merrick Garlands level of involvement. Now we have two more irs whistleblowers have come forward to, to verify what the initial two is when whistleblowers testified, and tomorrow the ways and Means Committee will release more evidence that the whistleblowers dropped off to the ways and Means Committee. Well talk about that in our hearing on friday. There certainly has been a coverup. It is not just david weiss, with his investigation of the biden family. It is with the national archives, it is with the fbi. We found the 1023 form that alleged joe biden took a bribe. No one investigated that. [inaudible]. Everyone was, testified that told to stand down. Then you have a situation where with the national archives, the general counsel was, testified in a transcribed interview he was told not to cooperate with our committee. All of these things are happening by someone at the department of justice. Now whether its Merrick Garland or not i dont know but thus far i dont believe a lot of what Merrick Garland told the American People. Larry mr. Chairman, you will be releasing new evidence this week and chairman jason smith ways and means will also be releasing new evidence, is that what youre saying . Yes, sir. Larry well look forward to that. When will you put this out . Is it going to be thursday and when will jason put it out . Jason will put it out wednesday and well talk about it thursday. We have some interesting transactions that will be coming public soon hopefully very soon, but at the end of the day we already have mountains of evidence and the thing that the media is going to regret is all the reporting and all of the fake narratives that they have tried to create that there is no evidence. There is overwhelming evidence, there is overwhelming evidence and well continue to get more evidence despite the fact were being obstructed by the department of justice, by hunter biden and joe bidens very expensive legal team. What ive said all along, this is like tracking a bleeding bear through a snowstorm. They left evidence everywhere along the way and were just trying to put it together to present it to the American People. Larry last one, chairman comer, there is with a report, newspaper report actually in the Washington Times, sues fan fereccio was the reporter, i asked several people about this but nobodys really nailed this down so i will give my best shot with you. Shes reporting that with respect to the statute of limitations regarding Hunter Bidens taxes, they couldnt go after him either whoever let it lapse, Merrick Garland, david weiss, i dont know, somebody let it lapse, she is saying that attorneys are telling her hunter biden never paid the back taxes. He never paid even current taxes. A lot of us thought he had paid. A lot of us thought this los angeles lawyer, this celebrity lawyer whoever it is paid it. Maybe paid some of it but not all of his taxes have been paid. Therefore, the statute of limitations can be waived and they can foe all the way back to whatever, 2014, 2015, et cetera, that would epup a lot of doors and a lot of investigations and i just wondered has anyone brought this line of reasoning to your attention . Can you comment on it . Weve been told his taxes were paid, that the irs declared he owed. The taxes that he owed was on the w2 from burisma but what the irs whistleblowers testified, larry, you understand this, the financially illiterate media does not, all those Shell Companies, all those 20 plus Million Dollars from the Shell Companies took in, they never paid any taxes on those. So his Tax Liability is significantly more than what he settled for. Now its my understanding that Beverly Hills lawyer made him current with the irs. That may not be true. That is just what i was told but at the end of the day was on the w2. No ones ever paid taxes on the, money that went through the Shell Companies and youre talking about, we found over 20 million thus far. So you can do the math and see what he owes. The bidens owe a lot more money than what he was initially hit with by the irs. Larry well, mr. Chairman, the headline of this is, hunter biden vulnerable to federal charges for unpaid taxes from his Million Dollar a year job in ukraine, and i just want to see somebody run that down. Ive asked a bunch of people about it. Thats why im bringing it to your attention. It is a Washington Times story about three, four days old, that is all it is. I bring it to your attention because im not sure, you know, hunter biden, i mean, more investigations on taxes as well as foreign transacts. Anyway, i dont want to keep you sir. We look forward to your hearing on thursday. We look forward to your new evidence and we appreciate you coming back on the show. Thanks for having me, larry. Larry you bet, anytime. Coming up here on kudlow joe biden is doing nothing to solve the border crisis except to blame donald trump. It is a wondrous thing, wondrous thing, blame trump. Well talk about it with former director of National IntelligenceJohn Ratcliffe next up. Folks dont forget, fox business will host the second republican primary debate, Ronald Reagan president ial library, simi valley, california, tomorrow night at 9 00 p. M. Eastern. Yours truly will broadcast live from simi valley, 4 00 p. M. , 1 00 p. M. Pacific and host the predebate coverage, 8 00 p. M. Eastern, 5 00 p. M. Pacific. Were up to four guests on the that. I have to figure out how to do that. These are not shrinking violets. Im kudlow, and i look forward to the new evidence from to the new evidence from chairman comer. Possibilities. To find your personal style. Endless hardie® siding colors. Textures and styles. Its possible. With james hardie™. Every day, businesses everywhere are asking is it possible . 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Larry all right the illegal Immigration Crisis in america is fantastically, fantastically fantastic, that is what i have to say, beyond what anyone could have possibly imagined. Joining me to talk about it is John Ratcliffe, former director of National Intelligence, former texas congressman, former prosecutor and, hes with the America First policy institute if im not mistaken. So, john, welcome back to the show. I wanted to just kind of sit back to talk about this disaster at the border. Good to see you, larry. Larry did you know that the open border policy is really all President Trumps fault . Okay, this is, this is, w