Mary, what do you make of the jobs report and what do you have to tell us about the underlying strength or weakness of the economy. Mary i think it was very good news and it beat the estimate and i think what we have had to face in all of this, we are not getting back to february anytime soon unless we have the virus basically solved, there are lots of parts of the economy that are not going to the fact that we are doing better than just treading water that we made some gains, i think its really good news. In the half cap i would say theres less momentum, we had better momentum in june and in may in terms of adding new jobs, were still down 13 million jobs and i think as we try to get below 6 unemployment, right now at tenpoint to percent that will be where it becomes more difficult to restore those jobs short of a vaccine. Paul jason, it would seem on marys momentum point, the flare up in the summer in the virus in the south and southwestern states did seem to slow the growth of jobs, you did see a lot of restaurant jobs, a lot of leisure, hospitality jobs come back but there are still millions that are on the sidelines. Jason striking in the initial surge of coronavirus in the spring we lost tens of millions of jobs, we had another horrible surge in the summer, millions of new infections that have not led to a surge in unemployment in the same way, some jobs are coming back. It is striking that despite all these cases we are still seeing jobs come back in the cases are starting to decline, maybe that will give some of the momentum that mary is talking about Going Forward if those declines continue. Paul the lesson that i take away here, the key to really getting a much more robust recovery, one getting the rate of infection down so the politicians dont willynilly shut down the government again but also average people say you know what, i feel safe going back to work. Kyle the goal needs to be to get the economy running on all cylinders and we are far away from that and then you watch congress fiddling over the stimulus package that has nothing, no real growth element, i guess you could call it the payroll tax bit of a progrowth, but its very small, the key is to get people back to work and make them feel comfortable. When a very different situation from when the virus first broke out, we know a lot more, we can manage risks better but i think our political apparatus is not moving as fast as we need to encourage business and encourage people to get back to work which is the only real cure for a lot of people that are struggling out there. Paul married you agree with bill that the politicians are holding us back because i guess they would say wait a minute, we need to close bars and restaurants down because we wont slow the infection curve. Mary i think theyre walking up a difficult line because if they do not get people to wear a mask and social distance and so forth, they run the risk but i think the thing that we need to focus on the most here is helping people basically get through what is a pandemic. Bottom line, that means as bill said, doing things that help Small Businesses survive, lessening the load of taxes and regulatory burdens and doing what you can to help them run their business, people want to run their business and they want to survive this thing. Thats where governments can lend a hand. Paul do you think we need another extension to the payroll Protection Plan which congress is considering or do you think the payroll tax deferral will make a difference . Mary frankly i dont like either one but if i had to choose i would choose the payroll deferral. The problem, there are two problems with large government packages, one you have to pay them back, the democrats talk about throwing more money at this problem, and that is cost free, that is not true, somebody will be on the hook for that and it will infect our fiscal story Going Forward. The other problem, as long as people are given benefits that dis incentivize them from going and looking for work, i think human nature teaches us that that they will not look for work. I dont like to say that across the board, plenty of people are looking for work and cannot find it but i think you have to strike the right balance which means helping people who are in trouble and say dis incentivizing work. Paul thank you all, when we come back, President Trump tries out a new of attack against rival joe biden, the Vice President reportedly narrows his list of potential running mates. 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Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com you will have a crash in the markets because hes going double and triple your you will have a crash in the markets because hes going to double and triple t your taxes, hes going to do things that nobody ever would think possible because he is following the radical left agenda, take away your guns, destroy your second amendment, no religion, no anything. Paul President Trump thursday in cleveland testing a new of attack against democratic component joe biden. The former Vice President leading in key battleground states, the Trump Campaign launched a pair of new ads claiming biden has embraced the policies of the radical left, that messaging comes as biden get set to name hisy running mae in the coming days, will his pic play into the president s new strategy, lets bring in democratic pollster who serves as an advisor as a president ial campaign. Doug, welcome, good to see you again. Tell us where the race stands right now, particularly in the crucial states, it seems like biden has a pretty clear lead. Doug he has about five and a half, six points in the swing states michigan, wisconsin, pennsylvania little closer. But outside of the margin of error. Paul without in mind it seems like the Trump Campaign is retooling its messaging and its ruling out the two ads and trying to make a consistent message that biden has moved too far left to be safe for you to vote for, what do you think of that line of attack . Doug i think its a reasonable line of attack that will help potentially tighten the race. In this environment we do not want higher taxes and biden is saying you are certainly right, i will raise taxes, that is for swing voters even who dont like to deal with it. I think it will help, will the be a game changer, i dont think so. Paul why not a game changer, does it lead to substantial, why wont it work . Doug i think it will help as i said to tighten the race, republican leaning suburbanites, independent to feel the impact but the president s ratings of the coronavirus are low now and say the country is headed in the wrong direction. I dont think taxes or reducing really funding to alter the race. Paul the game changer would be Getting Better control over the coronavirus which b would allow the economy to reopen more and grow faster, that the potential game changer, the biggest factor in your view . Doug exactly right, the president has to make r the case that weve turned to the virus in the economy. The other thing that would be a game changer, paul, as you said the Vice President who it is, has to be somebody that qualifies o. Paul i think the debates are going to happen, do you have any doubt that they will . Doug i only doubt that the number of debates but im certain they will debate, yes. Paul okay, on the vp choice, you are saying the most important factor will be somebody who appears to be able to be president if the president himself cant serve. I will argue this is a more important pic then any recent vp choice given joe bidens age. Do you agree with that . Doug i completely agree, i think his only choicee is, har harris. Paul really . Doug yes, shes a sitting u. S. Senator and as an attorney general she was a moderate with swing voters, i think we had a trailer out of her. The other or to less experienced and is a real problem on the Foreign Policy issues like susan rice has. Paul what about the downside of kamala harris, shes a coastal liberal, she is a moderate but she came after medicare for all at first, she at first was a Green New Deal supporter. I agree that she shown some flexibility ideologically but shes a california liberal, one the campaign be able to make some hay without one . Doug i think they will. I think all the candidates or prospective candidates raise real problems, i think she raises the least amount of problems for joe biden and qualified to govern which he said correctly is a great criteria. L paul you dont think that susan rice who is a former National President dvisor for obama has the same kind of appeal . She seems to be also somebody that biden has looked at very, very closely. Doug i think lacking any domestic experience, as we say in the politics and about what she said and why she said and what she did in benghazi will createe real problems and i think, harris is better, safest a more realistic. Paul that is interesting, we will see if you have shrewd counsel prevails and the Biden Campaign. Thank you for joining us. Doug happy to be here. Paul when we come back, read joe bidens lips, 3 trillion in new taxes, our panel digs into the details as the tax plan and what it could end up costing what it could end up costing unique lifestyle, thatd be perfect let me grab a pen and some paper. Know what . Im gonna switch now. Just need my desk. My chair. And my phone. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Book two separate qualifying stays and earn a free night. The open road is open again. And wherever youre headed, Choice Hotels is there. Book direct at choicehotels. Com. Andyou say the customersed, cmaklets talk data. S. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept 5g, everybodys talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item corner offices for everyone. Just have to make more corners in this building. Chad. Your wireless. Your rules. Only with Xfinity Mobile. Now thats simple, easy, awesome. Switch and save up to 400 a year on your wireless bill. Plus, get 400 off when you preorder the new Samsung Galaxy note20 ultra 5g. Paul as President Trump attempts to paint joe biden as a tool of the paul as President Trump attempts to paint joe biden as a tool of the left, as a Presumptive Democratic nominees own policy agenda pointing into the narrative, this week we take a closer look at his proposal for tax increases of more than 3 trillion over a decade. We are back with bill mcgurn, iamary, and Editorial Board memr Kyle Peterson. Kyle, i asked you to dig into the biden tax details, you did, tell us a two or three most important tax increases he is proposing. Kyle he wants to raise rates on all manner of taxes, the top margin on income is 39. 6 from todays 37 and he also wants to treat capital games for example as ordinary income and he wants to raise the Corporate Tax on businesses to 28 from todays 21 and he wants to a apply a 12. 4 Social Security tax on all earnings over 400,000 which is a lot, thats a huge tax increase. Paul right now that Social Security tax is capped at 137,000 and change. What he is basically saying, that is a 12. 4 increase in employer and employee. Anything you earn about 400,000, thats a huge increasenc on topf the regular income tax rate which he would raise to 39. 6. That is huge. Kyle the 12. 4 is split half paid by the employee and half paid by the employer. But if you talk to economists, they say essentially it is all paid by the employee by the worker because the business is awkward to pay that out of its profits, they will lower its wages. Essentially the whole of the tax burden falls on workers. Paul mary, Capital Gains, i know you and i have followed this for very long time, what does it mean to raise the capital tax on the sale of a Capital Asset from the current 23. 8 top rate, 20 plus a 3. 8 surcharge up to what would be well above 40. Mary all i can say im glad my partners are sharing. Basically Capital Gains taxes are on the deployment of assets, it is risktaking, people take risks because they think they can make a profit, as you increase the tax on the gain, people start saying is it worth taking the risk, even if i make money i have to give a lot back to uncle sam. In many states including new york, california, their state capital gain taxes as well. So you are starting to heap an awful big take from the government on this game that you might make if you deploy these assets and something that is productive in themy economy. I think that is the main problem with the biden plan, it taxes the traditional effort and risk that someone would make in order to increase productivity. It discourages the action and it is not good for the economy. Paul would be the highest Capital Gains tax rate since 1970s, believe it or not. Lets talk about the Corporate Tax rate, joe biden would increase that from 21 to 28 . But it had been higher in the mid30s under obama and the democratic point, that is not a big deal, its fairness making corporations pay, most American Public say as long as youre not taxing me, go tax the company. What do you think . Bill we dont really know who pays those taxes, it could come out and prices, it could come out and workers and so forth, it is interesting that the democratic argument always seems to be there no disincentive effects to raising the cost of things through taxes. The dirty secret ofhe joe biden tax plan, his whole plan, even with the estimated 3 4000000000000 that it would raise through 2030 is not going to be enough for all of his health spending, climate spending, education spending and infrastructure spending, is still will not be enough, that is a problem, its interesting in its relation to trump, he seems to be trying to copy the most dubious parts of the trump agenda, thea, america first, tariffs and so forth and having artificial incentives to encourage American Companies at the expense of others, eight he is completely ignoring the parts of the trump agenda that really work, the tax cuts and the regulation. Maybe this will be a winning political message but i dont think its going to help our economy. Paul let me ask you about the politics for a second, i think the Biden Campaign is making tax increases really dont matter as an issue very much because as long as he can promise that its not anybody under 400,000 people will say its not me as the guy behind the tree. Kyle i think thats true, also this is a strange year, this would be pretty politically if biden were running against a generic republican and if you were running on the middle of a global pandemic, both of those things being true, i think theyre betting that a lot of voters who may not sign on to this agenda but who might say what i rather have this or four more years of donald trump. Paul maybe taxes are as salient as isro your appeared we will fd out. The battle over reopening schools continues as teachers unions and progressive groups stage a national day of resistance, we will tell you what they are demanding more from before theyre willing to return to the classroom and why they want private schools to stay shot as well. Paul the battle over reopening schools continue this wee paul the battle over reopening schools continue this week with an alliance of teachers unions and progressive groups sponsoring what they call a national day of resistanceou around the country and listing their demands before they return to the classroom, they include canceling rent and mortgages, freeze on evictions and foreclosures in a moratorium on standardized testing in new charter or vouche