On today's Newsroom: the President and NYC Mayor-Elect had a surprisingly friendly meeting, with Trump even telling Mamdani to agree with the reporter who asked if he really does think the president is a fascist. Also: just before the meeting congress condemned socialism.
Now for analysis of the Trump Mandani
meeting. Joining us on the panel is
Angie Wong, Republican strategist and
columnist. Uh as well as Robin Bro,
Democratic strategist and former Obama
regional campaign director. So first of
all, thank you both for joining us
today. Angie, I would like to start with
you. So, we were streaming the meeting
between President Trump, actually the
postmeating press conference, and and it
seemed to me they were much friendlier
to each other uh than previously. So,
Angie, just give us your first thoughts
of the tone of the press conference
after this meeting.
>> Yes, this was the best possible outcome
you can imagine for for two people with
such opposite ends of political ideology
to come together at the Oval Office to
have a real discussion. And I think
President Trump said it just right is
that they both have one commonality
which is to protect New York to make
sure that New York City thrives as a
city that is our world city. Uh if New
York City falls, the rest of the country
falls. So I'm very happy to see that
they have a that they had a very
productive meeting and that things are
going to move smoothly going forward. I
think both men got something out of this
meeting. Of course, we weren't privy to
the finer details, but it looks as
though they both walked away very happy
and with a working relationship. That
must be a thorn to some of the Democrats
side, but I like this. This is exactly
how a president should behave and this
is how a mayor elect should behave as
well.
>> So, Robin, let me go to you. Your
thoughts on uh Democratic Socialist
Ordani uh and his meeting with President
Trump today.
First of all, I'm glad that the
president took this meeting because he
didn't have to. Mom Donnie requested
this meeting. So, kudos to the president
for accepting this meeting. Uh, but I
want to say that to his heart. Now,
President Trump now lives in Florida,
right? West was Palm Beach. But he's a
New Yorker to his heart. He doesn't want
to see New York fail. His businesses are
located in New York as somebody who was
a good friend of mine reminded me. Uh,
so, you know, it's in his best interest
also for New York to prosper. It's in
all of America's best interest. and I
thought that they were going to have a
cordial meeting. So, it seems that they
did. Uh, at the end of the day, they're
both politicians. They have to do right
by their their people and their
constituents. The president is the
president of us all. That includes the
people of New York. He doesn't want to
do any harm to the people of New York.
Just because they elected a Democratic
socialist for mayor. Uh, so, you know,
I'm I'm hopeful. and Manny had the
biggest to lose here because the threat
was that Donald that President Trump was
going to pull uh finances and funding
from New York had he been elected. So,
let's hope that that doesn't come to
fruition. Don,
>> so Angie, Trump said he wants to support
Meani uh not heard him during this uh
press conference after the meeting. Uh I
have a clip here with me that I'd like
to have you guys take a look uh the
comments that Trump made about Mdani.
All right.
>> I hope they have great leaders. This is
a man that right now I think is focused
on New York City. I really think has a
chance to do a great job. We're going to
help him, but I really think he has a
chance to do a great job.
>> So, you know, Angie, I was surprised and
President Trump said he was surprised as
well on the number of things they
actually agree on. So um how do you see
President Trump and Mani working
together? Because in addition to the
agreements, they also mentioned uh some
disagreements as well and saying perhaps
there were a number of them. So how are
they going to work around the obstacles
posed by their differing political
ideologies?
>> Well, I think the key word that
President Trump says is we're going to
help him, which really uh says a lot. It
goes miles here because we know that New
York City is heavenly. uh sorry not
heavily but heavily dependent on federal
dollars including the housing projects
transportation there's a lot of
crossover uh between New York and
Washington DC so I'm very I think Zoran
Mandani knew that going in he cannot
fulfill a four-year administration
without the help of the federal
government so he went handinat to
President Trump and did the right thing
which is reach out to President Trump
speak with him unlike other blue city
mayors uh who completely reject the
Trump administration and try to keep
them out of their cities. He's actually
embracing it. Shows leadership skills
that I wasn't prepared to see in this 34
year old, I got to tell you. But I think
he really has what it takes now. Uh and
I today have gained a bit of respect for
him after having bashing bashed him for
many many months over the campaign
trail. So I really like this look. Um
ultimately he's doing what Daniel Lori
uh this San Francisco mayor is doing
which is speaking with Trump having an
open dialogue with Trump maybe even
having a back channel with Trump and
working together with Trump so that none
of this nonsense that we're seeing in
other blue cities like rejecting ICE
federal agents coming in. We're not
going to see any of that. It's going to
be an open line which means that New
York City can actually prosper. I like
the whole thing.
Okay. So, Robin, um I still want to know
if there are differing opinions between
these two men, how are they going to
approach it?
>> They have to at the end of the day, uh
do what's best for their their people.
Uh like I said, he's the president of of
the entirety of the United States and
Mdani is mayor elect of all of New York
City. So, uh they have to see where they
can work together. You know, obviously
they had major differences specifically
when it comes to funding some of the
programs that mayor elect Mandani wants
to fund there in the city like free
public transport for example and some of
the some of the programs that he had
with regard to food insecurity. Uh you
know those are pretty radical programs
that he that he proposed. Uh but there
are more or less radical things that
they can actually work on together. some
of the infrastructure things. Uh New
York City still has sort of a crumbling
infrastructure that needs to be dealt
with and it's they they have to find
commonalities where they can work
together. You know, I was
arch nemesis for a long time of of Dick
Cheney who we just laid to rest
yesterday, but at the end of the day, he
and I through debate and public
discourse found areas where where we
agreed and became unlikely friends. And
I see that possibly even happening here.
they may end up finding areas where they
can be friendly to one another.
>> So, Angie, the word affordability came
up a number of times during this press
conference and uh Trump mentioned that
making NYC affordable um is actually a
key issue that see he sees eye to eye
with Mamani on. Uh so I have another
clip here with me. Let's take a look.
I think both President Trump and I, we
are very clear about our positions and
our views. And what I really appreciate
about the president is that the meeting
that we had focused not on places of
disagreement, which there are many, and
also focused on the shared purpose that
we have in serving New Yorkers. And
frankly, that is something that could
transform the lives of the 8 and a half
million people who are currently
struggling under a cost of living crisis
with one in four living in poverty.
So Angie, you said you have more respect
now for Mamani. How significant could
this shared goal of affordability uh be
as a springboard, if you will, for their
work together? How is this going to
impact New York City?
>> You know, it's it's great that these two
men are speaking because I think they're
trying to understand each other uh
through words and words that sometimes
clash. I'll hear one thing, but then my
Democrat colleague might hear a separate
thing alto together because that's just
how far apart we've been and how divided
we've been for many, many years now. So
the word affordability, I believe that
Trump is really trying to get a grasp of
what that actually means. For him, it
could mean the big beautiful bill and oh
well, I've already solved that problem.
But the reality is he he's also a New
Yorker born and raised in Queens and he
understands that it's getting very
difficult. You're priced out as a young
person, a young American. You can't buy
into the American dream anymore. It's
just too expensive. And sadly, from the
time you graduate from college, you're
already in the red. You start your adult
life in the red. So, I think President
Trump is actually trying to understand
from Zoron Mandani, who is a young
genzer, to understand what affordability
actually means to a young voter. And I
think um this is a great period where
this is where although they clash in
ideology, they actually can meet in the
middle somewhere to figure out a real
solution because this is a problem
that's going to be affecting I believe
all Americans, especially with the
invention of AI and robotics and things
taking over future jobs. They're going
to have to figure this problem out
together.
>> You know, Robin Angie raises a great
point there. Um, does affordability mean
the same in Trump's mind and Mamani's
mind?
>> No. Uh, and you know, Mamani took great
a lot of hits on the campaign trail
because he lived in a rent control
apartment and was only paying $2,300 a
month rent and said that all New Yorkers
should be have the ability to get $2,300
a month rent and called that affordable.
Now, to many people, that's actually not
affordable. That's not affordable to
people right here in the suburbs of
Atlanta. I can assure you for rent. Uh
but in New York City, it probably is. So
they do have to kind of talk to one
another and see what it does mean to
actually, you know, have be affordable
uh there in in the city cuz it's going
to mean different things to different
people. Uh and and they're just going to
have to come to terms with that. But
it's interesting to me that I like my
colleague here, Angie, I I beat up on
Mam Donnie quite a bit because I really
didn't want the Democratic party to
slide toward Democratic socialism and I
was worried that the party would use
this as a template to take all across
the United States uh for areas like me.
I'm I'm talking to you from Atlanta,
Georgia. Um but you know, let's let's
take the good. Let's let's take the
good, keep it, and leave the bad. Tom.
>> Okay, Robin. Uh can I follow up on your
point? If Mamani is successful in uh
making, to use Trump's words, New York
City great again, what does that mean
for the Democratic party?
>> That means that they probably will use
this as a template for some of our
larger cities. Uh and and that's fine.
It will work in in areas like New York
City specifically. It'll work in LA, but
it won't work uh in some of the other
areas like Northern California, for
example. It won't work in the outskirts
of of the the suburbs of Atlanta and
throughout Georgia at large. So, we
can't use this as a one-sizefits-all
approach. And that's what I'm telling
party leadership. I speak with them
daily. I I I do consulting with the DNC
and and I've told them, look, we still
have to embrace a 50-state strategy
here. Uh and not just 50 states, but
look at the cities themselves because we
cannot apply a one-sizefits-all
approach. Typically, when the party
loses, when the Democratic Party loses,
they tend to go more left. They think
that they lost because they they weren't
left enough. That's not going to work
here as a one-sizefits-all solution,
Don.
>> Okay, Angie, uh I'm curious to your
thoughts on this as well.
>> Yeah. Uh well, I I you look, there's so
many ways of looking at this, but
ultimately we're walking away today with
a win for New York City and for all
cities. This could be a great model for
how well local government and federal
government work together. And if and I
think that's what President Trump is
going to show off now. He's going to
show the bright stars of our cities and
who is championing them. Like we we've
had a few and I think there I see how
President Trump does this already with
congressional members that he likes. He
really champions people that he enjoys
working with and he shows off how we can
work together and he really really shows
it to the point where you can't really
debate him on it, right? So I think New
York City is going to be a great model
for how cities can look going forward
into the next century. Uh we do have
problems in our cities beyond crime. Our
grocery prices are crazy expensive.
Housing is expensive. Now Zoran Mandani,
he's a dreamer. And I think President
Trump even used those words. We're going
to help him achieve his dreams, right?
Something to that effect. And I like
that because he's now not only speaking
to New Yorkers, but he's also speaking
to young Americans who are all
scratching their heads going, how am I
going to make this? How am I going to at
least reach the achievements that my
parents have made? because it's really
difficult to buy in these days. So, um I
think that's the longer goal that I'm
looking forward to in these talks. I've
long said this is not a meeting between
the New York City city mayor elect and
the president. This is a meeting between
the head of the Republican party, Donald
Trump, and the new face of the Democrat
party, which is Zoron Mandani. And I
think that if we can make those two big
parties of America work together, we
really do have something great.
>> Okay. To your point, Angie, you're
saying uh Mani is the new face of the
Democratic party and Trump is the leader
of uh the Republican party. What's
what's interesting here is uh at one
point during during the post meeting
conference, Trump said a lot of his
voters also voted for Mamani. I found
that interesting given the different
ideologies shared by uh each of the men.
So can you just give give us your
reaction on this point?
Yeah, I I I found that surprising too. I
was surprised that someone who would
have voted for Trump in 2024 would then
vote for Zoron Mandani in 2025 if not
for a referendum on Trump. Right. So it
doesn't seem like there was a lot of
things that were in common uh at least
with those two elections. So, I'd like
to see the data a little bit more. I
know that in the primary, Zora Mandani
was heavily heavily voted in by females,
Gen Z females. Um, and I just don't see
that being the base for for Donald
Trump. But I could be wrong. I really do
need to dive into the data to answer
that.
>> Robin, uh, I think we should wrap up the
conversation here today. If you have any
final thoughts you would like to share,
>> I do. I want to touch on what Andrew
said. uh this could be a template on how
we need to speak with one another as
neighbors. Let's look at one another as
neighbors where we agree not as as
Democrats and Republicans but as human
beings who have to exist with one
another and let's see where we can work
together. I think they set a good
example of that today and we can expand
on that.
>> Well, if I may say our conversation
today also sets a good example. Thank
you very much for speaking with us.
>> Thank you.
>> Thank you so much.
And the House of Representatives voted
on a resolution today to denounce
socialism. Lawmakers made the case
against the political economic system.
Florida Representative Maria Alvira
Salazar introduced the resolution.
>> The reason why we're introducing this
resolution is to condemn the horrors of
socialism. And I'm presenting just the
facts. And I invite my colleagues on the
other side to vote to condemn this
nefarious ideology. This is nothing to
do with political parties. This is not a
Democratic issue. This is not a
Republican issue. This is a moral vote
against an ideology that has destroyed
millions and millions of families. many
of them. I served those families in
district number 27, the heart of the
city of Miami, the heart of the Cuban
exile community and now the Venezuelan
community and murdered more than 100
million lives besides crushing hundreds
of thousands of other families and
individuals.
Unfortunately, socialism and Marxism
crushes the human soul. Republican
party.
>> Salazar also took to X this week ahead
of today's vote. The Republican posted
in part, quote, "Socialism has never
produced freedom or prosperity, only
suffering and authoritarian control."
The lawmaker added, quote, "With this
failed ideology gaining ground in the
United States and throughout the
hemisphere, I'm proud to lead this
resolution and call out its dangers
without hesitation." The House approved
the resolution by a vote of 285 to 98
with two lawmakers voting present.
Missouri is ramping up efforts to seize
Chinaowned properties in the US. The
state is seeking help from the Trump
administration to collect a $25 billion
court judgment tied to the COVID
pandemic. It's one that Beijing refused
to recognize. NTD's Tiffany Meyer has
the report.
According to Missouri's attorney general
on Wednesday, the state is asking the US
State Department to let Beijing know
that it plans to pursue Chinese-owned
assets. Her office is putting together a
list of targets, focusing on properties
entirely or partially owned by the
Chinese regime on American soil.
Missouri's lawsuit accuses China of
hoarding personal protective equipment,
including masks, medical gowns, and
gloves, during the early stages of CO
19. This hoarding caused widespread harm
to Americans, including deaths. The
lawsuit also adds that China harmed
Missouri and its residents by driving up
the cost of health care and emergency
response. A federal judge initially
dismissed the lawsuit in 2022, saying
Missouri couldn't sue China. But an
appeals court later revived one part of
the case, the allegation that Beijing
hoarded protective equipment. When
Chinese officials didn't respond, the
judge accepted Missouri's damage
estimate of more than $8 billion and
tripled it under federal law. He then
added nearly 4% interest, bringing the
total to roughly $25 billion.
China's foreign affairs ministry says
its actions during the pandemic aren't
subject to US law and does not recognize
the ruling.
>> Meanwhile, another state has
successfully sued China over CO 19. In
May, Mississippi won its $200 billion
dollar lawsuit. And now the big question
is how the state plans to collect the
money.
President Trump suggests he's giving
Ukraine six days to accept a new US
brokered peace deal. The agreement would
include concessions from Ukraine, giving
up territory currently occupied by
Russia. NTD's international
correspondent Marian Pasar has the
latest on the fast developing peace
process.
President Trump suggesting Thanksgiving
is the deadline for Ukraine to accept an
American brokered peace deal.
Trump was in a Brian Kilme show on
Friday talking about the issue.
>> So, is next Thursday the deadline that
you gave a loose deadline for Ukraine?
>> Well, we have uh you know, I've had a
lot of deadlines, but if things are
working well, you tend to extend the
deadlines, but Thursday is a we think an
appropriate time. A Ukrainian lawmaker
and the Associated Press published a 28
point proposal. If agreed to, Ukraine
would receive firm security guarantees
while its still armed forces would be
capped at 600,000. The country would
formally pledge to not join NATO. In
return, NATO would codify that it will
never admit Ukraine or station troops
there. It also outlines territorial
agreements recognizing Crimea, Luhansk,
and Donetsk as defacto Russia. Ukrainian
President Vladimir Zilinski issuing a
stern warning on Friday, suggesting that
ending the conflict will come at a cost
in any of the current scenarios.
>> Now, Ukraine may find itself facing a
very difficult choice. Either the loss
of dignity or the risk of losing a key
partner. Either the difficult 28 points
or an extremely difficult winter. The
most difficult and further risks.
Zilinski also announced that he spoke
with Vice President JD Vance on Friday,
saying, "We managed to cover a lot of
the details of the American side's
proposal for ending the war, and we're
working to make the path forward
dignified and truly effective." Russian
President Vladimir Putin says the US
plan could be the basis of a resolution
of the conflict, but he added that if
Kiev turns down the proposal, then
Russian forces will advance further.
Arian Pastar, NTD News.
France's top general Fabia Madan ignites
a political row after warning citizens
may face sacrifices if Russia tests
NATO. Analysts argue the threat is
exaggerated while Europe watches closely
as the US pressures Keev on a peace
deal. NTD international correspondent
David VZ reports from Paris.
to prepare citizens for the possibility
of future conflict with Russia. His
message was blunt. France, he said, must
be ready to accept suffering, shift its
economy toward defense production, and
even face the risk of losing its
children if Moscow challenges NATO. Mond
appointed earlier this year, had already
told Parliament that France must be
ready within three or four years for a
possible shock involving Russia. But the
uproar highlights deep divisions inside
France over how real the threat actually
is. This reaction follows other measures
that have raised public questions such
as the government's plan to distribute a
72-hour survival kit by the end of the
year. According to president of centers
for European studies Rodrigo Barister,
this aligns with previous stances from
both France and the EU which have been
warning about the threat Russia poses to
Europe. like is that the rhetoric of
some countries in the west notably Mron
for example Mark RT who is a secretary
general of NATO that there is a risk of
Russian invasion on Western Europe and
in Europe in general. I think this is
total nonsense. I mean um we we can see
that the Russians are um are already
struggling in Ukraine. It's shocking to
see that France is overplaying the
Russian threat. It's it doesn't make
sense again to to call for these Russian
threats to overplay this Russian threat
when actually there are other threats in
the European Union that are much more
real. Meanwhile, European leaders are
concerned as Washington pressures Kiev
to accept a peace deal requiring the
Dombas and major military cuts which
many in the EU view as near
capitulation. EU Commission President
Ursula Vanderian said today that the US
plan must be made with Ukraine and
Europe. President Vladimir Zilinski
warns Ukrainians that the coming days
could be one of the most difficult
moments since the invasion began. He
says he's ready for honest work with the
United States, but will not accept terms
that undermine Ukraine's dignity,
sovereignty, or territorial integrity.
David Ves, NTD News, Paris.
The release of hundreds of illegal
immigrants detained in Chicago has been
temporarily halted by a federal appeals
court. And the Department of Homeland
Security announces the arrest over two
dozen suspected gang members at an
underground Texas nightclub. NTD
correspondent Jason Blair reports. A
federal appeals court has temporarily
halted the release of nearly 450 illegal
immigrants arrested in the Chicago area
during a large-scale border patrol
operation in Illinois. A lower court
judge had ordered their release after
ruling that the individuals did not have
final removal orders. The Trump
administration successfully appealed,
arguing that the lower court's ruling
contained legal errors that could harm
public safety and immigration
enforcement. The suspects must remain in
custody until the legal case plays out.
A full hearing is scheduled for December
2nd. ICE and FBI taxes have announced
the arrest of 27 suspected Trende Aaraga
gang members at a nightclub in San
Antonio. In total, the operation
resulted in the arrest of 150 illegal
immigrants, as well as the seizure of
cocaine, three firearms, and about
$35,000 in cash. The assistant secretary
of the Department of Homeland Security
says thanks to the brave work of DHS law
enforcement and our federal partners,
150 illegal aliens, including 27
suspected trend Araba gang members, are
off our streets. Under President Trump
and Secretary Gnome, DHS is dismantling
criminal gangs and stopping dangerous
drugs from pouring into American
neighborhoods. The DHS says two of the
apprehended suspects are under
investigation for human smuggling and
moneyaundering, and one is under
investigation for cocaine trafficking.
Also in Texas, the DHS announces that in
six weeks, ICE arrested 3,593
criminal illegal immigrants in the
Houston area, including child
pornographers, gang members, and
murderers. Texas also has the country's
second highest illegal immigrant
population and the state with the most
ICE arrests. Statistics say that one in
four arrests made by ICE happen in the
Lonear State. Jason Blair, Entity News.
The State Department has ordered US
embassies to report the human rights and
public safety implications of mass
migration. The department posted the
announcement on X.
The post read, quote, "Mass migration
poses an existential threat to Western
civilization and undermines the
stability of key American allies." In a
separate post, the State Department said
US officials will examine policies in
Western nations that are lenient toward
migrant crime and human rights abuses.
The department added that it will
scrutinize Western countries that quote
create two-tiered systems that
prioritize migrants at the expense of
their own citizens.
The White House said US taxpayers could
see an extra thousand in their tax
refunds next year. Joining us to discuss
is public policy analyst and economist
Michael Busler who's a professor of
finance at Stockton University. So
Michael, good afternoon to you and thank
you for joining us today. Uh you know
the White House said that the increase
in tax refunds are expected to give
taxpayers uh total an additional $91
billion in refunds. So to start off, is
that significant in economic terms?
>> It is. And if it turns out to be uh
about $1,000 per household, uh that will
help out significantly. Now, it's not a
huge amount of money, but right now,
most people are concerned with
affordability and even buying some of
the the basics. The extra thousand will
certainly uh help them and it'll also
spur economic activity. Again, it's not
a huge amount of money, but it's enough
to uh increase demand in the marketplace
and keep the economy uh growing. All of
this is a result of the bill that was
passed back in July where the tax cuts
that were originally passed in 2017 and
implemented in 2018 were set to expire
um at the end of this year. Congress and
then the president signed passed an
extension which makes these lower tax
rates uh permanent and it also gave some
uh tax cuts to some specific classes uh
like people who work in the hospitality
industry uh who collect a lot of their
income in tips. Uh people that work
overtime. Um and as an incentive to get
people to work overtime,
uh he uh eliminated taxes on any
overtime, which is a big uh boost
because when uh you work overtime, you
typically get time and a half. Why most
people may have been reluctant to do
that was it puts them in a higher tax
bracket. So, while they may on paper
look like they're getting time and a
half, um they were really coming home
with much less than that. Since there's
no tax on it at all, this will encourage
people to work uh harder and to work
more. Also, social security income based
on some uh income limits will no longer
be taxed. That will certainly help uh
people who rely on social security uh as
their sole means of support. right now
or prior to the law about 85% of social
security payments were taxed. That will
now be eliminated. Um, and that will
help the uh people on social security
and also tend to be a little bit of a
push for the economy. All good.
>> So, Michael, you said about this refund,
it could uh spur activity in the
economy. Uh, can I just ask you what are
we exactly looking at here? what impact
could it have on consumer spending and
overall growth?
>> So, um most of the people receiving the
uh uh benefit from lower taxes will end
up spending almost all of it. And when
that happens, that creates more consumer
spending. Consumer spending accounts for
about 70% of GDP. So, by increasing
consumer uh spending, you'll tend to
grow the economy. People will buy more
things. business will make more things
to meet that uh new demand. It also has
um what economists refer to as a
multiplying effect. Consumers spend uh
the money um business gets the money,
they make income, they reinvest the
money, uh create more goods and
services, and it has kind of a
multiplying effect on the economy.
Again, not a huge amount of money, but
combined with Trump's uh the Trump
administration's other progrowth
policies, this should tend to accelerate
economic growth. Because the government
was shut down, we're not sure what
economic growth was for the third
quarter. I suspect it was at least 3%.
The fourth quarter would likely have
been higher except about half of the
fourth quarter the government was shut
down and that has a negative uh impact.
But going into 2026, most of what
President Trump has been doing, lowering
um regulations, making it easier for
business to expand, attracting trillions
of dollars in foreign investment, that
should lead to more growth next year,
and the extra tax refund for people will
also tend to help with that.
>> You know what's funny, Michael? Whenever
uh I hear consumers getting money and
spending all of it, it gives me
flashbacks to the stimulus checks uh
during the pandemic. Um I mean, let me
just ask you a little bit about this
issue. Does does a larger refund um
potentially have upwards pressure on
inflation currently?
So one of the fears is uh that um if
consumer spending goes up faster than
business's ability to produce more
output that will be inflationary. But
because President Trump uh in the big
bill passed in July gave some incentives
for business to invest and expand you it
traditionally when you make an
investment you depreciate it over some
number of years depending on what the
investment is. President Trump said you
can uh write the whole investment off in
the first year uh reducing tax uh bills
for business and encouraging business to
make in investment. So although the uh
tax cuts will increase demand, there's
incentives now with supply side tax cuts
for business to increase output. And I
don't expect any upward pressure on
price from this. And I do expect uh more
of an increase in output. So, this is a
good thing. It um we don't know what
he's going to do. He uh Trump also
proposed a $2,000
um uh rebate check for everybody from
the tax revenue that's been collected.
I'm not sure whe that's going to go
through or not, but that too will help
to stimulate demands. I expect next year
to be a high growth year for the
economy.
So, Michael, this tax refund, I mean,
um, where does the money come from? Does
does does this mean that a uh reduction
in tax revenue for the federal
government because the government is
collecting less money from taxpayers?
>> Yes. So, uh if government if um
households are paying less taxes, uh
then the government will collect less.
However, uh Trump says that even with
the less tax revenue from given the uh
um lower from the lower tax rates, the
higher economic growth will create more
income. So even though we're taxing at a
lower rate, we're taxing a larger amount
of income and you should still see tax
revenue increased after every tax cut.
Total tax revenue increased after that.
Even though the rates were lower,
economic growth was greater, creating
more income, more taxable income, and an
increase in tax revenue. You might take
a look at uh what Reagan did in 1982
with his uh tax cuts. Um still re tax
revenue went up and he the tax cut went
into effect in 1982.
1984 the economy grew at a 7.4%
rate. So with that high growth creating
more income, even though the tax rates
are lower, tax revenue will go up. This
administration is very concerned about
the deficit and the public debt and they
want to do what they can to get that
down, mostly by decreasing government
spending. But President Trump feels
every household feels that their taxes
are too high. So by keeping the tax
rates lower and giving them more money
to to spend, it should give people even
a better feeling and more comfortable.
You start to see consumer confidence,
which has dipped recently. You'll start
to see that go up next year too as
people feel more confident about the
economy.
>> So just finally, you're saying that
there's no concern you're in your mind
that uh with this higher tax refund that
potentially the federal government could
take on more debt. There's no concern in
your mind about that?
>> No. Um the uh uh lower tax rates we said
it'll probably reduce uh revenue by 91
billion. But he's already collected $395
billion from tariffs. And if economic
growth increases, as I suspect it will,
total tax revenue will increase, not
decrease. This is a very positive thing.
Lower tax rates always encourage more
economic activity. And as long as
there's supply side cuts, too, which
there were, that will, uh, increase e
economic growth and provide a higher
standard of living for all Americans.
>> Well, all right, Michael. Uh, always
great to speak with you. Thank you for
your time today. Have a great weekend.
>> Always my pleasure. Thank you.
Congress has until mid December to come
up with a proposal to address the CO era
Affordable Care Act expiring subsidies,
but there is yet a formal bill to
consider. Our Washington correspondent,
Luis Edardo Martinez, has more.
>> Lawmakers have left the capital for the
Thanksgiving holidays without
congressional leadership being set on a
specific proposal to address the
expiring Affordable Care Act healthcare
subsidies. The Trump administration has
made it a center focus for the
administration for the coming weeks.
>> Promisingly, the president is laser
focused on this. It's the main thing I
talked with him about. Congress as well
is all over this. We have got to find
solutions that don't just work at the
end of this year, but work for years to
come. And I do want to come back to this
theme. We have ideas that will also drop
the actual cost of care by putting
pressure, downward pressure on what
we're paying for medications. And that's
probably a very good example. Republican
Senator Rick Scott from Florida proposed
a bill to make the ACA subsidies a
direct payment to consumers for them to
choose their healthcare instead of
having the government pay insurance
companies directly. We're not going to
repeal Obamacare. We're going to fix
Obamacare. You know, I'm not suggesting
we change the structure because I think
we can drive down the cost by giving
people options. Uh we do it in
everything. We we've done it in
everything else, but you do have to
protect precisen conditions. A
bipartisan group of lawmakers in the
House of Representatives have proposed a
bill to extend the ACA subsidies for two
years while also phasing out subsidies
to families making more than $200,000 a
year.
>> I'm looking at all the options on the
table. Do we want to bring down costs?
I'm not sureing
more money than a bad broken system is
the solution. And if there was going to
be an extension of the subsidies,
there'd have to be very serious reform
on it because it is not doing the job
and it's going to go worse.
>> But House Democratic leadership is
pushing for a 3year clean extension of
the ACA subsidies. A proposal that even
moderate Republicans call dead on
arrival.
>> You want to get something that has
actually done. You need to do something
that will have bipartisan.
>> You can you can ask me the question. You
can ask me the question. I'll provide
the answer question instead of
>> I'll provide the answer. No, no. I'm
providing an answer in order to provide
context.
>> It's important context to make me
realize that I don't think you want to
get an a deal done. I think this is
something where you'd like to see the
rates go higher and allow the
Republicans to to hang themselves with
that. Is that the answer?
>> That's that's absolutely that's
absolutely a ridiculous assertion and
really shame on pass. So what do you do?
>> Shame on you for saying that.
>> Senate Republicans have promised to hold
a vote on an ACA subsidies bill before
mid December. That gives lawmakers
around two weeks to reach an agreement
on a bill before the subsidies expire at
the end of the year. Reporting from
Washington DC, Luis Aluardo Martinez,
NTD News.
>> Global coffee prices plunged today after
President Trump rolled back 40% tariffs
on Brazilian food products after signing
an executive order yesterday. Arabica
coffee futures slumped more than 4% this
morning to around $3.6 per pound. They
were previously down more than 6%, a
two-month low. Trump cited various
officials with whom he said advised him
to lift the tariffs in part because of
progress in the US has made in trade
negotiations with Brazil. Here's more on
this.
>> President Donald Trump on Thursday
removed his 40% tariffs on Brazilian
food products. That includes levies on
beef, coffee, and fruits that were
imposed in July. The order will affect
Brazilian imports to the US on or after
November 13th and may also require a
refund of duties collected on those
goods while the tariffs were still being
charged. According to the text of the
order released by the White House, the
move follows a similar order by the
administration last Friday to remove
tariffs on several agricultural products
from other countries. Brazil has
recently become an important supplier of
beef to the US and normally supplies a
third of the coffee used in the country.
Retail coffee prices in the US, the
world's largest coffee drinker, rose as
much as 40% this year due to the tariffs
and other market factories. Brazil's
president Luis Inasio Lula Da Silva
welcomed the removal of the tariffs.
Today, I am happy because President
Trump has already begun to reduce some
of the tariffs that had been imposed on
certain Brazilian products.
>> The Congressional Budget Office now
projects President Trump's global
tariffs will save the US a trillion
dollars less than previously estimated.
The report shows changing tariff rates,
especially changes involving China,
India, the European Union, and Japan,
are responsible for most of the downward
revision. Even with the downgrade, the
CBO says tariffs would still cut
deficits by $2.5 trillion over 11 years
and lower borrowing costs by another 500
billion.
But the long-term future of Trump's
tariffs authority now hinges on a
Supreme Court case that could upend the
policy altogether.
And in an effort to lower rising energy
costs, the Trump administration plans to
open up oil drilling off the coasts of
several states. This comes as
Republicans in Congress are repealing
several Biden era policies. NTD's Molina
Wise Cup reports.
>> Amid rising energy costs, Republicans
are working to open up domestic
production to lower costs. Yesterday,
the Trump administration proposed the
largest expansion of offshore oil
drilling in decades. The plan is to open
federal waters near California, Florida,
and Alaska. It comes after lawmakers
this week rolled back several Biden era
energy policies, putting Democrats and
Republicans at odds.
>> And the entire world is talking about
how to phase down uh our dependence on
coal pollution and fossil fuel
pollution. We are here in this alternate
reality of the Republican majority where
my
>> under the Biden administration, we were
not allowed to access those important
resources for the American people. In
fact,
>> in the Senate yesterday, lawmakers
repealed a Biden era coal regulation in
Wyoming.
>> Shuttering US coal doesn't help the
planet. It outsources pollution to the
worst polluters on Earth and sends
American jobs straight overseas.
>> The bill passed along party lines and is
now awaiting President Trump's
signature. Reporting from Washington,
DC, Molina Weissup, NTD News.
Meanwhile, an infant bachelism outbreak
has expanded to 15 states. The Centers
for Disease Control and Prevention said
31 children have been hospitalized.
Infant bachelism occurs when babies
ingest spores from a bacterium. The
spores grow in the gut and make toxins.
According to the Cleveland Clinic,
symptoms include constipation, poor
feeding, a loss of head and muscle
control, leth le li lethog lethargy, and
a weak cry among others. The CDC has
advised parents of infants who consume
the formula to seek immediate medical
care if they exhibit exhibit symptoms.
Texas has the highest number of
infections at six, followed by
California with four and Oregon and
Arizona with three.
Washington, Minnesota, Illinois, and
North Carolina reported two infections
each. Idaho, Michigan, Kentucky,
Pennsylvania, New Jersey, Rhode Island,
and Maine had one each. The CDC linked
the outbreak to infant formula produced
by manufacturer Byart. The company has
voluntarily recalled the affected
products.
And advocacy groups are warning parents
to steer clear of AI powered toys this
holiday season. They say the gadgets can
expose young children to serious risks.
Here's more.
>> Children's advocacy group Fair Play says
many toys use the same advanced chat
bots that have already shown they can
engage kids in harmful or inappropriate
conversations. One plush AI bear has
been pulled from the market after
researchers founded it discussed
sexually explicit topics and even gave
potentially dangerous advice to
children. A report published last week
found the bear suggested where to find
knives in the home and was quick to
discuss sexually explicit topics in
graphic detail. Advocates warn young
children are especially vulnerable
because their brains are being wired for
the first time and they naturally trust
kind and friendly characters. The
company behind the recalled bear foltoy
says it has withdrawn all of its AI toys
and is now conducting a safety audit.
But experts say that's far from a
systematic fix. Uh their advice, buy
your kids traditional toys that help
children practice imagination, language,
and problem solving without AI doing the
thinking for them. Adults are now the
most common targets of Black Friday
scams. Scammers are using social media
and messaging apps to reach Gen Z and
millennials. Experts say that Black
Friday has become one of the riskiest
times for scams. Shoppers are encouraged
to be extra careful during the holiday
season. New AI tools allow fosters to
copy real voices and writing styles.
These realistic messages make fake
offers much harder to recognize. One of
the best ways to stay safe is to visit
retailer websites directly. Avoid
clicking on links sent through emails,
texts, or social media ads. Be cautious
if a message tries to rush you or create
a sense of urgency.
Extremely low prices can be a sign that
the deal is fake. Paying with a credit
card offers better fraud protection than
a debit card. Digital wallets can also
add another layer of security. And avoid
shopping on public Wi-Fi. Using strong
passwords as well, and two-factor
authentication helps protect accounts.
Most ex users can once again sign into
their accounts and post. This comes
after a major outage at web
infrastructure company Cloudflare. At
last check, there were less than 500
reports of issues with the platform.
This is based on user submitted data to
downdetector.com.
This is a big drop from a height of
20,000 reports earlier in the day. This
week, a file crashed Cloudflare's
systems that handles web traffic. This
prevented users from accessing platforms
like X, Canva, and ChatgPT. Cloudflare
has since fully restored its services
and issues reported to down detector for
Cloudflare are also down to about 150.
The holiday season is upon us and once
again Macy's flagship store in New York
City has been transformed inside and
out. NTD Shawn Marshall was at the Macy
store for more.
>> Hey, merry Christmas and welcome to the
North Pole. So, I got a sneak peek of
Santa Land and we have Santa here ahead
of the public. Most of the public.
>> Well, hello. It's Sean.
>> It is Sean. I can't believe you knew my
name.
>> I remember when you were little.
>> Interesting.
>> Are you excited about Christmas?
>> Of course, I'm excited.
>> We all are. I want all of the boys and
girls to come to see me. We know that if
you want to see Santa, come to Macy's,
right?
>> But we'll come back to Old Staint Nick
and the sneak preview of Santa New York
City in a bit because Thursday afternoon
was the unveiling of the world famous
Macy's Christmas windows display.
People packed in to Herald Square in
Midtown Manhattan for a Macy's tradition
and NTD got to speak with the display
designer.
>> Well, it really started with a theme and
our theme this year is the most
wonderful stories start here and what
better way to show the most wonderful
stories that started in Macy's than to
celebrate them within our windows. So we
have uh the time periods of our first um
starting from our first interior Santa,
our first holiday windows, our first
Thanksgiving parade and so on.
>> A couple of windows are interactive
making the display fun and entertaining
for the public.
>> Any surprises in any of the windows?
>> I think every window is a little
different. Um, so it's when you see it,
all these windows are hand illustrated.
So they're all handdrawn. All the line
work that you see here took hundreds and
hundreds of hours in each window to do.
So I mean, as you take a look at the
detail, uh, everything is done by hand.
>> So this is Wall-E, our walrus. We're
trying to get him ready to work in the
mail room. Um it he's been a little
slobbery and a couple uh punctures with
the tusks, but overall doing a lot
better than yesterday. So making
progress, Wally.
Yeah. Don't give me that look.
>> Santa has been visiting Macy's since the
1860s,
giving children and adults a chance to
experience the holiday spirit. Santa is
very popular, so you'll have to make a
reservation to visit him at select
Macy's locations. So Macy's Sandalan has
been a part of the tradition here at
Macy's since 1861. And we're so excited
to invite families back again this
holiday season starting on Friday,
November 28th through December 24th. You
can come and see us in this magical land
right here at Macy's. Make your
reservation at macy's.com/holidayce
celebrations and come meet Santa Claus.
>> And are there um any insider tips for
kids or grown-ups coming in here?
>> I think the best tip is make your
reservation in advance. So, reservations
open up throughout the holiday season, 6
days in advance of your visit. We open
up reservations bright and early in the
morning. So, 6:30 a.m. local time, you
can log on to macy's.com/holidayce
celebrations to make that reservation
for your group to come and make sure
that they have a spot to meet Santa
himself.
>> Luckily, I didn't have to make a
reservation. It seems Santa already knew
NTD was coming to Santa.
>> Do you have a special Christmas wish?
Because Christmas is not just for the
children. It's for everybody. Sean, what
would you like?
>> Well, I didn't think about that. Um, I
guess I should probably wish for NTD
News to be the number one news company.
>> It's a good wish.
>> Sean Marshall, NTD News.
>> All right, we'll see if that wish comes
true, Sean. Uh, next. A trip through New
York City's crowded subway system
usually offers a pungent mix of odors.
But along one platform inside Grand
Central Terminal this holiday season,
the air might smell of vanilla and fresh
pine.
Bath & Body Works is using a new
advertising campaign to share a scent.
The fragrance is being released on the
42nd Street shuttle train platform
through November. It estimates that 20
to 30 pounds of fragrance will be
dispersed by the end of the month when
the campaign ends. The Metropolitan
Transportation Authority said this is
the first ad campaign like this in the
transit system.
They hope it will help bring in more
revenue. The retail store's chief
marketing officer said that the retail
chain chose fresh balsom for the
campaign. It's one of the brand's most
iconic holiday scents and a longunning
seasonal favorite.
China's war on religion front and center
at a congressional hearing.
Representative Chris Smith sat down with
entities Steve Lance to share what he
has uncovered and what Congress is doing
about it.
>> Pervasive use of torture in China. I've
had numerous hearings on it. If you're
arrested, you will be tortured and you
will be, you know, hurt horribly, not
just through deprivation of food and
water and the like. They'll use cattle
prods.
You can catch the full interview tonight
on Capitol Report with Steve Lance at
700 PM Eastern time.