Thought for american workers like i would fight for my own family. I took care of our economy like i would take care of my own company. This election will decide whether or not we reward Kamala Harris with reelection, and four more years of crime, economic calamity, and international humiliation, or whether we change that direction, and once again build the greatest economy in the history of the world. Sandra thats former President Donald Trump laying out his vision to Business Leaders with the New York economic Club Right here in manhattan. Thats happening right now. All of this as his 2024 rival, Vice President Kamala Harris, is on the road arriving in pittsburgh where shell be preparing for tuesdays High Stakes debate. And that is where we are as we top a brandnew hour. Welcome, everyone. Im Sandra Smith in New York. Good to be with you. John im John Roberts in washington. This is america reports. The former president also promising gasoline at under 2 a gallon, and that he would appoint Elon Musk as his government efficiency czar. Both beefing up their economic plans, and the contrast cannot be more clear. Sandra the former president is pitching a federal Commission Led by Elon Musk to cut wasteful spending, and Vice President harris is proposing to raise the capital gains tax, pitching Tax Deductions for new small businesses. All while taking on the big corporations. John Fox Team Coverage starts now. Charles payne with analysis just ahead. Cant wait for that. But first, to Alexis Mcadams, live at the New York economic club where the former president just finished speaking. Alexis, quite a speech. Hey, john and sandra. Thats right, and he actually is still speaking right now, so im going to talk a little softer than i usually do. We are in new York City where former President Trump has been talking for about an hour and he is still going, really trying to outline his plan for the economy. Because when you go out and talk to voters in america, no matter where you are on the trail, they talk about the price at the gas pump, the grocery store, and overall inflation. They dont feel like their money and their dollar is going as far as it used to, and that is what former President Trump is focusing in on a new York City, Telling Americans who are watching that hes going to get the economy back on track. Watch. My plan will rapidly defeat inflation, quickly bring down prices, and reignite explosive economic growth. Kamala harris will take more money out of american pockets. My plan will leave the typical family with many thousands of dollars more than they have right now. Sell at Todays Event that is still going on right now, trump has introduced a government efficiency commission, recommended by Elon Musk. They have become pretty close, like buddies. Theyve been talking on x and doing those interviews. Elon musk has agreed to do it, according to trump, a and i mean trump is taking it even more aggressive swipe at regulations then during his first White House term. He also says hes going to conduct an audit of the entire federal government, something Elon Musk talked about on x, saying they are spending way too much money in america. We checked in with an american Billionaire And Hedge Fund Manager Jonathan Paulson a few moments ago. He told me hes been a major donor to trumps campaign because he believes that hes going to put the economy back on track. Former President Trump has talked about you on the trail. He floated your name publicly as being possibly secretary of treasury. Would you want that position and what would you do if you got that position . I wanted to do whatever i can to help the president and help the country. Is that a yes . Whatever i can do. Thank you. So tbd there, but hes going be on stage asking the president if you questions later. Vice president harris is in Pennsylvania Prepping for the next Weeks President ial debate. If you can believe it, its already here. Harris is going to be talking about big corporations and the ultrawealthy, how they should pay more in taxes, and that she will offer small Businesses Tax breaks. We will provide low and nointerest loans to small businesses that want to expand, and this is very important, we will cut the Red Tape that can make starting and growing a small business more difficult than it needs to be. More difficult than it needs to be. Really trying to contrast her plan with trump, but he says hes also here for the average american and will put more money in their pocket. He says Vice President Kamala Harris is going to take that away. We will keep you posted on any more major headlines that come out of new York City. John . John Alexis Mcadams for us at the New York economic club. Thank you. Sandra, and a son like that idea of gasoline for under 2 a gallon. Sandra almost everybody. And Charles Payne is here, host of Making Money on fox business. Ill make hooks a lot of money, lower gas prices. Hes laying out his plans. Is he articulated in planes at the american people that might sway voters . Lets put it that way. I think so. I like what hes saying, i like the way he saying it. Listen, particularly with the tariff part. Old school economists and things like that. He is walking us, first of all, through history, how we became the biggest country in the world. We didnt have taxes until 1913. I got the revenue in 1919 from the country. 48 came from excise tax, 30 from duties. So tariffs is how we made our money. Individual taxes were only 5. 9 , corporate 5. 6 . Imagine if we could start getting those down again. And there are some other lessons. He brought a dell maxima known as the napoleon of protection, and historians look back at what happened with him. It is ironic because it cost the republicans the election, but going back and looking at the tariffs he imposed in his time, it sped up the template so quickly in this country that it was actually more beneficial than the short increases of prices for consumers. Then again, many people dont know about the Fort Norm Mckinley the Mccumber Tariffs in 1922, but in 1920 we had the worst depression in his country outside the great depression. And as we came out of it, one of the tools we used were tariffs. Member, there was the thing called the Roaring 20s right after that. Sandra as you are speaking, just highlighting something coming from the president s speech just now, this is an important one, because how the candidates lay out their plan to perhaps increase housing or lower Housing Costs for americans, voters who believe The American Dream is sort of dwindling away when you cant afford to buy neck at home anymore. The former president just said to the economic club that he would open portions of federal land for largescale housing construction, in zones that will be ultralow tax and low regulation. This is interesting. Is this a plan that you would support . It is something interesting. Our government owns 50 of the land in this country, so not only is it interesting but it is something people have been pushing for for a very long time. The idea ultimately is there is this, where there is the socalled 50,000 for small businesses that No One ever is going to really qualify for. What is implementable . What can we really do to implement and jumpstart things . The affordability is the question right now. The lack of homes, the lack of affordability. Of those places we can build them cheaper and people can go and buy them on their own, there might be Sandra And Boost skilled labor, bring some of those wages down. If you increase the workforce all of that is important. Sandra and part of that obviously is inflation, because the cost to build those homes has skyrocketed. In a lot of cases it doesnt make sense to build the homes. We should point out a big chunk of those costs are regulations. Trump spent a lot of time talking today about how he took down regulations. I dont think the american public understands, if you look at the cost of anything, look at a gallon of gasoline. How much is Crude Oil . How much are regulations and other stuff and they are . Every time the government passes a new law, you have to pay for it in one form or another. Sandra this is more from the former president earlier on how he plans to defeat inflation, because those high prices are the biggest burden right now. To further defeat inflation, my plan will terminate the green new deal, which i called the green new scam, greatest scam in history, probably. A 10 Trillion scam that is throwing money right out the window. Sandra so that was the target of his speech just a short time ago. Meanwhile, on The Other Side, Kamala Harris enter economic vision for the country. This is ian sams, National Spokesperson for her campaign, defending her economic vision. Listen. The Vice President is doing that by talking about her economic vision, and it is really different. Its a new way forward not only for the Democratic Party, but for the country. Can you tell me what is really different cannot i got the capital gains rate, but what else on the list makes it different from whats been going on the past few years . Sure. She wants to take into effect the national law the take on corporate price gouging. There are distinctions here in this Candidates Message that she is sharing. Sandra whoa Okay X next to be prepared to articulate to those listeners, viewers, how her plan is different. What shes going to do now that she can be doing right now the White House. He doubled down on her pitch to go after price gouging. Right, to go after corporations. To me, this is the biggest threat of a Harris Presidency dampening american spirits. Dampening american spirits. This by the way, im going to do a big Town Hall next month talking about this, and my whole thing is the socalled war against Big Business is really a war against a successful small businesses. Walmart was started in rogers, arkansas. Its a sort of pull yourself up by the bootstraps. Target was started in a small town near minneapolis. All these Great American businesses were started in the heartland by rugged individuals. Same thing around the world. Anywhere theres been prosperity, the sort of protestant Work Ethic is at the root of it. So shes not going to war with Big Businesses, she is going to war with people out there thinking they can be independent from big government by doing it themselves. Thats what she can possibly destroy, what is at the foundation of our economic success. Sandra as you say that, i will throw out the latest poll on who you trust more to handle the economy. That falls to trump, 46 from all respondents. 38 Kamala Harris. Speaking of which, hes not taking questions at the economic club. Mr. John paulson, founder of paulson and company, and the Founder And Ceo of girls who code and moms for us. We are going to go in Alphabetical Order and therefore you have the first question. Thank you, bob, and thank you, mr. President. I would like to ask about the united states economic sanction programs. These programs have been used, as you well no, to advance our foreign interests, but they also have economic implications. In the most recent was the program against russia, in response to the ukrainian invasion of ukraine, where for once we got the support of all our allies. Semispecific question is, would you strengthen or modify any of these economic sanctions programs, particularly russia, including the pipeline you mentioned . Its a great question. The problem with what we have with sanctions and i was a user of sanctions, but i put them on and take them off as quickly as possible, because ultimately it kills your dollar and it kills everything the dollar represents, and we have to continue to have that be the World Currency. I think it is important and we would be losing a war. [applause] if we lost the dollar as the World Currency, i think it would be the equivalent of losing a war. That would make us a third world country. We cant let it happen. I use sanctions very powerfully against countries that deserve it, and then i take them off. Because, look, youre losing iran, you are losing russia. China is out there trying to get their currency to be the dominant currency, as you know better than anybody. All these things are happening. You are losing so many countries because there is so much conflict with all of these countries that you are going to lose that, and we cant lose that. I want to use sanctions as little as possible. One of the things that we have with tariffs is that, i will say to them, you dont honor the dollar as your World Currency is that right cannot you not going to do that . No, we are not. I say, thats okay, im going to put tariffs all over your product. And they say, sir, we would love to honor the dollar as the World Currency. Tariffs, in addition to monetary and the money we will take income a bigger than youve ever seen in his country before, it gives you tremendous political power. For something like that, as an example. I stopped wars with the threat of tariffs. I stopped wars with two countries that mattered a lot. A lot people would have been killed. And i threatened tariffs coming into the united states. If they dont make peace. We didnt have conflicts like we have right now. Wwe had very intelligent people. But the biggest threat you have is you lose that currency, and we have lost something youll never get that, and we can keep it if they are smart, but they use it too much and then forget about it. These countries like russia are going out now and doing its own thing, going out bragging about how they dont need us anymore, et cetera, et cetera. The sad part about russia is that ukraine would have never happened if i was president. So we wouldnt really have to be talking about sanctions. But it did happen, and one of the things im going to do, little bit relevant to your question, if we win i believe i can settle that war while im president elect, before ever get into office create i can get that war settled and get that war stopped, because it is a horrible, horrible war. In far more people are killed in ukraine. Far more people then you are realizing. They will knock down this massive building. They will say nobody is injured. A lot of people are killed. The real numbers are far greater than what people are looking at. So i think it is a very important thing. Sanctions have to be used very judiciously, and you can win. We have things much more powerful, actually, than sanctions. We have trade. But we cannot lose our dollar standard. Very important. Thank you very much. [applause] thank you, mr. President, for all the details on your economic policy. As you alluded to, tariffs on The Other Side of sanctions. Given that china is our major Trading Partner with our largest imbalance and possibly our chief national Security Threat to the united states, how can we better institutionalized Trade Policy and national Security Policy to be coordinated . I had a great relationship with President Xi of china. Really a very close relationship. Look, he likes china, i like us pete i dont want to sound foolish but hes a dear friend. Hes a tough guy, a fierce person. Very smart. When he say he is smart, the fake news goes crazy. He said President Xi is smart he controls 1. 4 billion people with an iron fist. He is smart. But we had a very good relationship with china until covid. When that came in, it was a whole different Ball Game as far as i was concerned. We made a great China Trade deal, maybe better than the usmca, and i never talk about it, because what happened with covid. For the whole world. 60 trillion, deaths, nobody even knows how many deaths. End it all came out of wuhan. It changed my relationship, but i think i will have a great relationship with china. I had one before, and they respected us, but they respected us because they no longer thought we were fools. These two think we were fools because we built china. They would take over 500 Billion a year and use it for their military and other things, and we got nothing out of that. We got some cheap product. You can buy 19 pencils instead of two. Who the hell cares . You can buy 16 for your daughter instead of two nice dolls. We have very little out of that relationship. They got a tremendous Military Power and they still have it today. But i believe we will have a very good relationship with china and with a lot of other countries that we are not getting along with too well today. I think we are going to get it straightened out very quickly. Very important that we get along with the rest of the world. We have Things Today called nuclear weapons. I rebuild our whole military including a nuclear capability, so i got very familiar with it. I say this often, because i had an uncle who was the longest serving i believe the longestserving, i was told that by mat but he was there for 39, i guess, or 41 years. Longestserving professor in the history of mit, and nuclear was something he knew a lot about. We used to talk about it and i would say, uncle john, theres no way. He was telling me about this incredible power that was being unleashed, potentially. And i say, uncle john, you could never. You know what . He was very modest. Because ive seen the destructive capability, and this world is going to have t