>> get him out, now. >> you know what they say about men with small hands. >> it's already been a wild year on the campaign trail. but what will all this noise mean for the economy and your money? not even the experts can say for sure. >> we live in such an unusual season, it's amazing to see almost a civil war within the republican party. markets are having a difficult time. this could go in almost any directio direction. >> there will be a new president next year that could mean big

changes for your taxes, retirement and jobs. on taxes, the candidates are all over the map. among the republicans, there's a consensus to lower tax rates but disagreements on how to do that marco rubio would lower the overall tax rate from 39% to 36%. donald trump would cut the top individual rate to 25%. for the democrats, the emphases is on getting the rich to pay more. hillary clinton would require those with incomes higher than $1 million to pay at least 30%. retirees may want to pay close attention, too. democrats are split on how to handle social security with bernie sanders calling for an increase for everyone of about $65 per month. hillary clinton would target increased benefits to specific groups including people who take time off from their careers to raise children. >> perhaps the biggest flash point out on the campaign trail has been over trade with candidates on both the left and the right attacking free trade deals that are supported by big business as job killers for

working class americans. >> secretary clinton supported virtually every one of these disastrous trade agreements, written by corporate america. >> we are going to get rid of those horrible trade deals. at some point it's going to burst. at some point we can't continue to lose $500 billion with individual countries. >> reporter: either way, big changes could be coming. >> and so as i guess i could sum is it up this way, get used to it. >> becky, as you say, all eyes turn to march 15th. we may get more clarity on who will win and therefore which of these plans might stand a chance of being law next year. >> eamon, thank you very much. depending on who is elected in november, could your tax bills shrink or expand last year? scott hajj is president of the tax foundation. the tax foundation has crunched the numbers on every candidate's tax plan. thank you very much for being here. >> thank you for having me. >> let's start off with donald

trump's plan. he would cut tax rates for everyone, but his tax plans could add $10 trillion in debt over the next decade. he says he can cut that. do you think that's viable. >> i don't think it's viable. he cuts taxes across the board for individuals and corporations, but does it in an ad hoc way but doesn't do it in a way to lead to overall improvements to the efficiency and productivity plan. it's a tax cut plan, not a tax improvement plan. >> let's talk about bernie sanders. he wants to raise taxes for just about everyone. create four higher tax brackets, and even a 52% tax bracket at the top, that's for incomes over $10 million. what do you think that would do for economic growth and gdp? >> we crunched the numbers and found it reduced the size of the economy by almost 10% and

eliminate almost 5 million jobs. >> talking about a decline in gdp of 10% based on this tax plan. >> over time. not only reduce the level of gdp but the level of productivity in the economy, reduce wages across the board for everyone. >> let's talk about ted cruz. he wants to abolish the irs, create a flat 10% income tax and is talking about was consumption tax like they have in europe what are the pros and cons on this plan. >> it's an interesting plan from a couple different perspectives. he does eliminate the corporate income tax and replaces payroll taxes with this business activity tax or business flat tax, it's really a value added tax. it's an efficient tax. very good for economic growth because essentially leads to full expensing for business investment. good for productivity. but it does place an additional burden on workers and raises an awful lot of revenues for the federal government which allows

actually ted cruz to reduce individual income tax rates down to 10% which is a dramatic cut for everyone. and so that offsets some of the burden that might come from higher prices that would come from his value added tax. >> let's talk about hillary clinton. she's proposing changes to capital gains taxes. how do you think that would impact people who are approaching retirement? >> well, i think it could have a chilling effect on the market and on investors overall. what she tries to do is control when people realize capital gains. by taxing people at different rates, when they actually realize those gains. so, if you realize gains, if you're at a high income your tax rate could be as high as 47% on your capital gains, then lowers to 27% over the next seven years depending on when you choose to realize those gains. that could actually slow down market -- the market considerably by reducing the

amount of churning that goes on which she argues is a good thing. on the other hand, it could actually have a chilling effect on the stock market overall. >> free trade policies are under attack by trump and sander, coming from the left and right. if the agreements we have now were abolished what do you think would be the impact on the global economy. >> trading with other nations and others is very good for all of us at the end of the day. competition can be challenging for a lot of us. workers, businesses, so fair. but it's ultimately very good for all of us. the more we have free trade, the better off we are, the lower prices that we pay for goods. and the better services we get. unfortunately a lot of people react in a visceral manner to free trade, and so you see people like donald trump and bernie sanders demagoguing this issue saying we need to stop it. i'm fearful of what that could do to the economy. not only in the united states but globally as well. it could lead to a lot of trade wars and that's never good for

anyone. >> scott, thank you for your time today. >> you bet. thank you. now here's a look at what's making news as we head into a new week "on the money." the ecb took steps to boost europe's faltering economy. mario draghi cut interest rates once again and announced an expansion to get the banks lending to businesses and consumers. the combined countries of the european union make up the largest economy in the world, one that's grown slowly for years. after digesting the move on friday, markets rose sharply on friday. the dow climbing at the open and continued up at the close on friday. the irs has nearly $1 billion it wants to give back to people due refunds to people from their taxes all the way back to 2012 but it can't because those returns haven't been filed. that money will be forfeited in april. if you think you're owed money, get moving soon. and if you are starting to think about a trip, the nice people at google hope you will think of them.

they unveiled a new feature called google destinations that lets you look up places go with flight and hotel devices from your mobile phone and may compete with the likes of kayak. strange but true, the state where you need thousands of hours of training to braid hair. another where selling baked cou goods could land you in jail. and later we talk trash. nearly 40% of uneaten food in america ends up in a landfill. this grocery store is on a mission to change that. right now, take a look at how the stock market ended the week.

starting a small business can be difficult enough under best of circumstances. it requires big chunks of time,

money and commitment and sometimes even that is not enough because there are other obstacles in the way. kate rogers joins us now with more. hi, kate. >> that's right. that includes regulations. but now some small business owners are fighting back. >> so i have flash cards here that i made up. hundreds of them. >> reporter: kimberly billups studied for three months to pass the city of charleston's tour guide exam in the hopes of opening up her own tourism business. but she said the city law requiring a 200-question test based on a 500-page book and oral exam stays in her way. >> the fathers, the authors, the signers of the declaration of independence and the constitution are buried right here in our backyard. and the hypocrisy of all of this, you know. i know they're rolling over in their grave. >> around the country government regulations and red tape long

played main street, now would-be entrepreneurs are fighting back with the help of the institute for justice. ij filed suit on billups behalf in january. >> there's nothing more fundamental to the idea of the american dream than the idea that you can start your own business, be your own boss, the last thing we need is for the government to stand in between a would-be entrepreneur and a willing fully informed customer. >> reporter: the city of charleston says its tourism industry reaches nearly 5 million visitors and it has a responsibility to regulate it in a manner that provides for continued success and prosper pi while protecting the public. in wisconsin, the controversy is over cook kiss. lisa takes pride in the muffins and cookies she serves at her bed and breakfast, but selling those home-based goods to customer could land her in jail for up to six months. the reason? the state doesn't allow for the sale of baked goods not made in a licensed commercial kitchen which she says could cost nearly

$50,000. so she can serve her guests the treats, but if they want to buy some extra for the road, it's against the law. >> over the last 20 year, i lost thousands of dollars of income of these muffins that i could be selling along with other baked goods to guests as they head home after staying here. >> ij filed suit in january against the wisconsin department of agriculture, trade and protection on her behalf. the wisconsin doj says it is reviewing the complaint. a third case that the ij is taking on involves hair braiding in iowa. this is one of their plaintiffs who has to get a full cosmetology license that can cost up to $20,000 to braid hair. a technique she learned at age three. as of friday, a bill was working its way through the state legislature that would exempt hair braiders from the initial definition of cosmetology in the state. >> there seems to be all this evidence that the regulatory structure is building, there's

more and more laws tougher to get around. any statistics to say whether it's getting better or worse? >> it's tough to find hard numbers. ij invested a lot of time and money into looking at this. five years ago they said 50% of occupations required licenses, people who should be licensed. doctors, attorneys. now today, that number has grown to about 20%. interestingly, the white house got involved. last year they released a report on occupational licensing, they say a lot of times the skills you're required to get have nothing to do with the job you want to practice. >> the white house is saying it's a state by state problem? >> yeah, it's a state by state problem, but they're making you take on 2100 hours of being a cosmetologist when you already knew the skill for years. up next, we're on the money. one grocery store is selling food at a deep discount, enough to sway folks away from the drive-th drive-thru. >> our main competition, it turns out, is fast food.

>> and later, how phony medicare and irs scams are targeting your parents. we will tell you what to watch out for and how to keep their money safe. with aches, chills, and fever, there's no such thing as a little flu. and it needs a big solution: an antiviral. so when the flu hits, call your doctor right away and up the ante with antiviral tamiflu. prescription tamiflu is an antiviral that attacks the flu virus at its source and helps stop it from spreading in the body. tamiflu is fda approved to treat the flu in people two weeks of age and older whose flu symptoms started within the last two days. before taking tamiflu, tell your doctor if you're pregnant, nursing, have serious health conditions, or take other medicines. if you develop an allergic reaction, a severe rash, or signs of unusual behavior, stop taking tamiflu and call your doctor immediately. children and adolescents in particular may be at an increased risk of seizures, confusion, or abnormal behavior. the most common side effects are mild to moderate nausea and vomiting.

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when you're on hold, your business is on hold. that's why comcast business doesn't leave you there. when you call, a small business expert will answer you in about 30 seconds. no annoying hold music. just a real person, real fast. whenever you need them. great, that's what i said. so your business can get back to business. sounds like my ride's ready. don't get stuck on hold. reach an expert fast. comcast business. built for business. >> i buy bread, fruit. >> bananas. >> a banana apple smoothie. >> i was going to stop n shop,

and the prices are much different here. >> in an urban area where people might be struggling while financially i think this is perfect, i can usually get two, three bags of groceries and come out of here about $25. >> where a lot of people come from low income households, it's good to have affordable healthy options. i think it's great to support the daily table. >> those were some of the sights and sounds from daily table. that's a new grocery store located a few miles outside of boston. it may not sound all that unusual, but when you figure out how it's working, it is. the supermarket is selling healthy food at a deep discount and it is selling food from other store that's are near expiration or too ugly for others to sell. doug rauch is joining me now. good morning. great to see you. >> good morning, great to be here. >> let's talk about this idea. how did you come up with it? why? >> daily table was hatched around the issue, two-fold.

one of all this food we're wasting in america. 30% to 40% is the best estimate. on the other hand, 1 in 6 americans are food insecure. "hungry." it seemed like we should be solving one problem with another. >> you're running this as a not for profit. what is your business model? could you run it for a profit? >> running as a not for profit because the tax code insent vizs grocery owners, growers to donate healthy, wholesome, excess food. we want to be a nonprofit, run as a business, a hunger relief healthcare agency masquerading as a retail store. we want people when they come in to have a sense of shopping, agency, and a sense of dignity. >> how much lower are your prices when you compare them to other grocery stores in the area. >> first thing we ought to set straight, our main competition, it turns out, is fast food.

as you move into most communities that are economically challenged, people don't have time. our mission was to create grab and go, ready to eat meals that they could stop by, pick up and in two, three minutes in a microwave have for their family that's healthy, nutritious and tastes good. we sell about 50% of our sales are product we produce in a kitchen right on site. the other product we carry is relatively limited number of items. so i don't think grocerers are feeling our impact. i think we sell milk, eggs, and bread, things like that. we have 75 or 100 items you would find in a normal store. >> what is the biggest hurdle? is it logistics? is it trying to convince people to eat ugly food? is it getting the word out. >> it's interesting. you'd be surprised at the beautiful quality of the product we're getting. getting people to eat ugly food? though it's called imperfect or ugly, most of the stuff we get

is from the chelsea produce market, it's just excess product left over at end of the day which is beautiful but they kand hold it until the end of the day. our mission is bringing affordable nutrition into a struggle area where people unfortunately, due to their diets, are having epidemic of obesity, diabetes, heart disease because they can't afford to eat the nutritious food they should be eating. >> thank you very much for joining us. >> appreciate. >> it's been a pleasure. up next a look at the news for the week ahead. and protecting your parents. worried about scammers targeting their nest egg? we'll tell you the steps you can take to make sure they're safe. looking for 24/7 digestive support?

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>> for more on our show and guests, go to our website and follow us on twitter @onthemoney. here are the stories coming up that may impact your money this week. we'll see earnings he reports from oracle, general mills, fedex and nike. tuesday brings retail sales for february. on wednesday, we'll learn if the federal reserve will raise interest rates when the fed's open market committee ends its two-day meeting. also on wednesday, a read on inflation with the consumer price index. a look at housing with housing starts for last month. on thursday, get ready. you'll see a lot of green out there. look out for shamrocks and leprechauns because it's st. patrick's day. your parents did a good job of keeping you safe, now that they're getting older it's time

to be their protector. according to the national center on elder abuse, one financial scam costs the average senior $31,000. that's big hit for any sized nest egg. how you can help your parents money and their future? sharon epperson joins us right now with more. what should you do first? when should do you it. >> here's the hardest part to do. many people say my parents don't want me to do anything. they don't want to talk to me about finances. that's the first step. push into that conversation. get that conversation started. i saw something on "on the money" about what you should be doing about your money. what are you doing? maybe you assume they are on the right path. they very well could be. you need to know. you need to know where they stand, where they keep certain documents. you need to know if and when the time comes and they need you to take over their finances, what you -- what they have, what they don't the. >> what are some signs that you should be watching for? maybe dead giveaways and say there's something amiss here. >> when you see a pile of bills

not paid. notices from creditors. when you hear about suspicious activity, they're going to the atm or to the bank at times they shouldn't. or you get statements that show they've been doing it and they're not even physically able to get out of the house. >> what are some of the more popular scams these days? what are things people should be on the lookout for. >> one thing people should think about, we hear a lot about identity theft, with seniors it comes to that medicare number. medicare scams are huge. so if someone calls you saying you're entitled to a refund because of certain medicare payments or if you are entitled to free products because of medicare but they need your number -- >> for my diabetes. >> right. you do not ever want to give out your medicare number. >> would someone ever ask me for my medicare number? >> you should -- this is true when we talk about the irs and tax people, that you are contacted via regular mail. that you verify that it is actually the agency contacting

you. >> how do you do that? >> and not a scam. for the irs, for example, there are a lot of tax scams this time of year, they will only contact you by regular mail. a lot of people get e-mails or you might even get a -- >> those crazy phone calls. >> saying you owe back taxes, we will come get you, you better pay. you can do it on a prepaid card or debit card. no. the irs won't do that. >> sharon, thank you. >> sure. >> that's the show today, i'm becky quick. thank you very much for joining me. next week, the business of weight loss. the business keeps expanding as more americans try to drop the pounds and keep them off. each week, keep it right here, we're on the money. have a great one. see you next weekend.

hey there, we're live at the nasdaq market site. look who is back. hi, carter. the guys are getting ready. while they're doing that, here's what's going on. >> we have a simple and profitable way to reduce the dead stocks in your portfolio. >> and we'll tell you why the bond market may be time to buy and how you can profit. and --