>> metal. >> you're shaking your head. >> and super risky, jonas. >> might go selling gold and italy selling gold. italy up 30%. >>s it for us, neil, take it away. >> neil: >> if you make under $250,000 you will not see your taxes increase by a single dime. not your income tax, not your payroll tax. not your capital gains tax. not any tax. >> neil: wait a minute! that was then, you make over 250 grand, pay up. this is now, you make less than 250 grand, look out. welcome, everybody, i'm neil cavu cavuto. isn't that rich? it's not just the rich. as the president gets away with his budget, a lot more people open up their wallets.

smokers see a tax on cigarettes almost $2 and flyers padded down or 18 billion for aviation security and even drivers, who will be paying more at the pump to help cover a clean 94 billion, new energy taxes, for presumably clean air and i haven't gotten into how favors of all sorts will be out of sorts when they see the fees shoot up because banks and insurance company taxes are going way up. so i could go on, but let me just add it up for you pretty much right now. a trillion dollars, a trillion dollars in new taxes that some of my colleagues today find a little bit more than just taxing. charles payne, dagen mcdowell. adam lashinsky, charlie gasperino, charles payne. >> the president said not by a single dime. he was telling the truth, it's a lot of dimes. how many dimes are in a trillion? i've been saying this from day one, everyone watching this

show who has jumped on the band wagon and grabbed a torch and the evil rich is responsible for this, be careful after you go from mansion to mansion to mansion they'll get smaller, hey, they're in front of my house! you're going to have to pay up, too, you're evil and you'll have to pay the money and this is a utopia and he's in front of the trailer park now. >> he's front of the trailer park. >> and this is so good because it proves that he is a class wearer, he hates, or doesn't hate, he's going after every class. you think about it, the payroll tax hit everybody, one of the most regressive taxes is imposed by president obama where he raised taxes on everybody, and you know-- >> that was the payroll tax that people cut for two years. >> right. >> it was put back in play and everyone felt it. >> right. >> and after a lot new taxes that when they all come to pass, i don't know how many

do, but the hit could be severe. >> now what chafes me more-- >> i like that, chafes. >> i don't know what part to the chapped, how much you can stave in a tax account in this country. and this white house, they know what we need, they he know what is right in their minds and they know what we need to live on. >> 3 million, is the most that you can put away. you only need what is necessary for you is $205,000, in an annual annuity. it sounds like a lot of money, but as the wall street journal pointed out the annual pension for a police sergeant out in california. >> you're misstating that. >> no, i'm not. how am i misstating? >> go ahead, adam. >> they put a cap on it. >> go ahead, adam. they put a cap on the tax deduction. the part of it that is tax protected, right, yes, i mean, all of these things, the amount you can put into a 401(k), into an ira, all of

them have policy considerations to them. there's nothing unusual about that. you can save more for your retirement, you can't get a tax break. >> i didn't say that, how much into a tax deferred at and they're discouraging saving in in country when social security and medicare are going broke. how does that make sense? how does it make sense? you have a white house that says, okay, we know how much that you need to live on in retirement, we're going to discourage you from putting that money away in a tax deferred account and that's what i said and that's the truth. >> and when she gets angry, she doubles up on the southern accent, you better have a good answer. if you don't-- >> you've got the southern california. >> of course not, i'm happy that i'm 3000 miles away from dagen right now. >> neil: dagen makes a good point in this regard and this is what happens. when you start realize, as you point out, you're not getting enough money from the rich, you have to go down the food chain and yanking a lot of other folk's chains and i

think it's a preview of coming attractions. >> it is a preview of coming attractions and it's already had a negative impact on our economy, this again, you know, we know the worst post recession whatever. >> neil: you couldn't tell looking at the market. >> i have a different theory on that. the point is-- >> fair and balanced, yes, look at everything. i don't know about you, but i'm trying to look at the whole world. >> and i walked in the door, charlie, we know you're one-sided when you're here, always be fair and balanced. >> neil: you don't practice it. >> can i help out. >> neil: no, we don't want to hear from you. >> the markets have nothing to do with the economy right now. i mean, the markets and the economy-- >> i think we need to digress, and nor did i mean it pick on certainly dagen. and i will you this, dr. gasperino, about what it says of an administration now that will put far greater emphasis on finding greater ways to get money than save money. it's

one of the reasons he's not here to defends himself. >> he's watching. but running argument with ben stein. you know, ben comes on here and touts the need to raise taxes and i don't totally disagree with him, but the problem is it's so much easier to raise taxes if you start boy raising taxes you'll never do any of the cuts. the only cuts that we had, when you think about it are the sort of marge nat sequester cuts and we do need-- >> it's never, we have never in this country had an experience where we have cut stuff first and then raised taxes, and it's always raise taxes and then maybe we might, you know, fiddle with the potential growth of the-- >> and adam, coming to that, what were you saying? >> we should get back to the premise the new taxes and the-- >> excuse me it's not adam lashinsky on business, but go ahead. >> all i would like to say,

neil, is that all of these -- the new taxes that you listed at the outset, essential i the user fees, this is good public policy. >> you're paying more or not? >> yes, the president shouldn't have said in the campaign not one new tax. i mean, we should -- politicians should never open their mouth. >> neil: and you can call a-- the fact of the matter is. you're paying more for something than you weren't before. >> yeah, i agree and-- the premise those are-- dagen, aim he going to place my faith in you to keep us to the subject at hand. but to lashinsky's point-- >> we call him adam. >> yeah and have to bleep it out or some of what we're doing. but this is what my mother used to call nickel and diming me, where you get allowance, but then you-- you're taking additional money from your parents for i want a pack of gum, i want a snicker's bar.

if you think that-- >> and i had the whole banana cream pie. >> and this is the white house, they can dp after cigarette smokers and nobody's going to make that-- they will come after everybody, when-- hold on, hold on. >> i know, i know. >> when you have half the country that pace no net federal income tax they will have to go after that half eventually. >> and the other premise is, the white house, and this is something that adam should address. do you think think that these guys look at every politicians and one of the premise of president obama's reelection was the fact that poor people, people that are not the greedy rich will not have to pay and the rich have paid their-- need to pay their fair share and he's turning that on its head right now and it's completely-- >> and what is the fair share for the rich? and i -- it's the fair share

and finally get off their you know what, leave them alone and-- >> and let's be honest, i was like a great american at 50%. i think that giving up half the money that you've earned and worked hard for, that you've invested in, it's more than patriotic. >> neil: dagen? >> 50%. >> 30%. >> neil: adam? >> i've got no argument with 5 50%. >> neil: i was going to be 0%, but i'm selfish. >> giving up that much in new york city. >> neil: and call it a million dollar move. how much boeing is spending to help create thousands of new jobs in the u.s., but the story is where they're spending that money and where they want to hire those folks. ♪

from boston. more headlines 30 minutes away. i'm jamie colby, back to cavuto. >> neil: well, getting right to work, literally. boeing is expanding to a plant in south carolina. the move expected to create 2000 jobs. just the latest company to add jobs in the state that lets workers decide if they want to join a union or not. what they call right to work states. dagen follow me closely. what do you think? >> i think that we need more right to work states because if you look at the last decade you've had faster economic

growth in right to work states versus states where you have to sign up for unions. >> know the an all of them, some are-- >> some of them have, but broadly speaking when you do the averages, this is the last decade, 2000-2009, faster economic growth, faster payroll growth. >> i'm just saying. >> and i like the way we've skipped over south carolina's wonderful economic growth. do you know what the unemployment rate is there. >> i'm not skipping, i'm saying the average, do we time to talk about 24 different states? >> but you have-- >> you brought up south carolina and i, you know, through the magic of google looked up the unemployment rate in south carolina. >> right, it's higher than the national average. >> significantly higher than the national average, so what am i missing here. >> and it be fair, and i read this-- >> broadly speaker-- >> the right to work, they are outperforming the states that do not have that. would you agree with that?

>> it's economic growth, personal population and payroll, and if you do the average, it's faster across the board. actually, if you want to go and get a nonunion job at a bmw plant. >> neil: i think that's turn yourself around and-- >> go work for $6 an hour. >> neil: charles payne. >> and really the big projects, the big, you know, construction projects like, you know, building plants with 2000 employees, that kind of stuff has been happening in the right to work states for a long time and it's been an economic miracle for places like alabama and other places where people, you know, they learn skills, they have job security, and you know, i know, charlie they don't-- the point is though, well, how good is it in illinois or-- >> it's here in new york. >> and that's why, why do you think that michigan is now right to work? >> how good is it in minnesota? >> may i? >> go ahead, adam. >> and first of all, let's call this what it is, right is

work is just a euphemism for union busting, states that want to make it more difficult to organize period. the other thing, this is one variable. so what dagen stated and charlie debunked is a good example of bad statistics. you can say anything and say because this is the case, this is why. it's not necessarily why. >> why is taking an isolated example of one state and a multiple of states. why is his picking one state the average-- >> no, the way you're stating it is bad statistics. there could be a variety of other reasons why on right to work states. >> and 22 of the ilk are right to work and their growth is par outpacing the ones that are not. and the general statement. south carolina individual nuances notwithstanding. and by the way, manufacturing not exactly strong for a while and that's heavily dependent on it, as it is still on-- you could make an argument that there is a pattern here,

right? >> but i would make a different argument which is that those states had less manufacturing than the rust belt manufacturing states and so, they offer of opportunities-- >> now you're grabbing at straws. >> no, i'm not. >> neil: fair to say that those that do not have to deal with excessive union contracts and demands tend to do better than those that do not. and left unshackled, you can do well. >> it's actually pretty logical. if you're a big business and you're having to invest a billion dollars in a new plant, do you want a place where you're going to have workers that are on-- working with you, not going to strike all the time. >> looking at a lot of things, you look at tax structure, there's a lot. >> that plays a big role. >> the system. >> paying employees is the number one cost in most businesses. >> and the union number one-- right to work or not, that's the number one decision

whether a business moves in a certain area. >> and boeing said about south carolina, one of the things it's basing are the work rules that make it hard to produce these planes, and also, the ability to strike. that's why they are moving jobs there. >> neil: i don't think you should ever talk, gasperino, again. >> yeah can i say? >> nothing, don't say anything. >> are you going to put me through college? there you go. >> and put me through college, and scholarship got me through my graduate school. >> neil: my father's expectations were low for me. neil put a decimal point on. and there we go. and attention, seat backs in the upright position, and get ready for bumpy weather. get ready to get ticked off when you take off. forbes in about 20 minutes. while we're on the ground the student loan mess that will have you hitting the roof. because the loans aren't

helping the kids, but they sure as heck are helping the government. ain't that smart? >> i am so smart. i am

. >> neil: well, attention class, today's lesson is on no glass when it comes to the government bragging how is expects to make payment on

outstanding college loans. bragging about screwing kids? i kind of say class dismissed here. >> absolutely, the government makes this money easy to get, so the colleges tuition keeps going up. >> you sound like those guys that just blame the-- and-- >> let him finish. >> i will say this though, they can brag now. at some point when it comes back and they're losing money, guess who is going to have to pay for it, everyone watching. >> the kid take out the loans and the mortgage crisis jp morgan's crisis and the guy taking out the loan. >> i was a student, i went to graduate school and i came out of graduate school without paying anybody, why? can you believe it, because i went to graduate school i could afford university of missouri brought for journalism and they gave me scholarship money and i did work study and assistantship. >> none of it stuck. >> and i came out of there debt-free. >> good for you. >> ultimately everyone is

responsible for what they do, charlie, we're not talking about that. >> but you acted like the government shoved these loans down the students' throats. >> they're protecting and all the votes from the young kids. >> i have no problem, i don't think that the government should be handing out free money to anybody, particularly student. i don't like the fact that they're in the-- the government is in the business of giving out student loans and if they need to make money to help pay down that 17 trillion in debt, suck it up. >> neil: on the pr level alone though, adam, you have to admit with all the green investments debacle, to then stand and brag, and single without, well, at least we're screwing students who are making money hand over fist, you know what i mean, and finally making money on something even though they might be creating a bubble here, but i just think it's a bad move to say, and we did it by taking these kids to the cleaners. >> well, i'll put a cup half

full on this, neil. they're commending themselves for a service well provided. i agree with dagen except for i think they should be providing, not free money, but, you know, good inexpensive loans to students, but then, the students absolutely should pay them back and i don't mind the government saying, hey, we did a good thing here. >> neil: dagen, do you think that dangerous precedent or no? >> i think it's a dangerous precedent. what we need to make them pay for, i don't think it will go up. >> i hate the colleges, they produce crumby students and we're subsidizing. >> neil: okay, on that note. >> neil: okay, on that note. the irs deadline fast

[poignant country music] ♪ ♪ remember when ♪ we vowed the vows and walked the walk ♪ ♪ and gave our hearts ♪ made a start and it was hard ♪ ♪ we lived and learned ♪ life threw curves ♪ there was joy, there was hurt ♪ ♪ remember when ♪

♪ remember when ♪ we said when we turned gray ♪ ♪ when the children ♪ grow up and move away ♪ we won't be sad ♪ we'll be glad ♪ for all the life we've had ♪ and we'll remember when ♪ ♪ remember when

a return on your money. y don't believe that but charles will try. >> big take over in the drilling area with lufkin. that makes weatherford a big take over. >> energy situation not with standing. >> they have the drills. >> adam what do you think? >> knows the execution of the company is over. they missed wall street estimates . i would say away from it? >> so what are you doing. >> joy global. it is down b