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tv   Forbes on FOX  FOX Business  March 2, 2014 2:00am-2:31am EST

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good for people around my age. not children. >> love you dearly. the brother i never wanted. a new battle over reigning in. preventing the tax agency to ask groups specifically for their political, religious or social beliefs. instead the administration actually wants to expand the irs' ctrol over those kind of organizations. shld we rein in the power or give it more? let's go in focus. steve, do we really want to give the irs even more power? >> no. we should be giving it less. they are engaged in suppression, coverup and engaged in trying to make sure that groups don't go
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against the democrats in 2014 and 2012. brazenly after being found out of doing suppression in 2012, they are now putting in former regulations, 100,000 came in against the regs, including liberal groups like the aclu. republicans can use it against them shday. >> that's a good point. even the ac is against that. >> i don't think that's what these regulationsre about. look, if you want to -- accolish a 501 (c) status, i don't think it is appropriate. anybody that's welcomed to give money to a political group, political groups are not being squelched in any way. the difference is that will th donors be disclosed? i don't know about you but i think that's a good idea. >> john, the point is that they are trying to squelch the ability of 501-c to make
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political comments. that can't be the majority of your mission. they want to rein that in more tightly and give the irs control over that, over free speech. >> yes. i like the idea of reigning in the irs. i almost think it misses the point. the irs is corrupt because it administers a tax code that is corrupted by congress. if you buy a prius you are good, if you have kids you are good. if you are a nonofit you are good. the problem is the irs oversee it is tax code. if you want to fix it you have to scr the tax code. there is no reason risk t irs should know who is funding certain groups and how much money i make on an individual basis. fix the tax code and you fix the irs. there is month other way to do it. >> we have a simple choice here. we have the democratic plan that would give the irs more power to regulatepeech and then you have the gop plan that would take some of that power away. which do you prefer? >> you have to take it away. i mean, it is onic that he cites these rules which i a you
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through you to spend up to 49% of your money you raise on political activities and no limits on the time you spend on political activities. now the irs is meg officiating with conservative groups to limit the money to 40% and t limb at this time time. they are making up the rules on the fly. so they are -- you know, you can't cite -- you can't cite the rules and then -- support the irs clouding those rules. >> you can if you understand what the purpose of a 501-c-4. >> you have been looking at the irs now for decades. i don't think -- i don't mean to age you because you are young and beautiful. the fact is that there was a time when the irs used more con -- used more consciously and methodically as a political tool. i thought we got rid of that. now they want to get back to it. >> i can't imagine whyhis white house would want to be exploited or put itself anywhere near what the nixon administration did. even with the kennedy administration did. this is about the opposition. puttg -- a chill on free
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speech. and it is about non-partisan activities, too, by non-profits for voter education. wow. if you force t disclose donors make the president disclose all of the internet donors and all of the donors that he will not disclo who donate massive aunt tv his campaigns. the irs is engaging and is being forced to engage in political favoritism and it is wrong. it is fatally naive to think that we can sit here with an irs as a tax colltor being drag flood public policy and political fight. we have seen them put there before a decades ago. it is happening again. >> what about -- the folks out there, they don't want to give the irs more power, do they? >> not at all. what's happening here is the obama administration is using the irs to data point. they are going through all of these forms and they are picking out specific things that are in common to conservative groups or opponents to the obama administration and trying to propose those as being the things that will not get
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tax-free stus. that's exactly what they are doing. the shame of all of this is all the time that's being wasted that could have been used to put forth pro-growth tax reforms to get us out of this lousy recovery. >> money as well. steve, to mike's point the fact is that a lot of the -- what the irs has been doing has been pointed out as illegal -- even under current rules by the inspector general. all show now they are attacking him. >> that's right. and so brazen, david, as -- when with you get caught with your hand in the cookie jar you put it back in and say it is unlawful. chicago should have invented this. what's corruption? >> rick, we were talking before about the inspector general. he came out, of course, with report saying they were focusing almost exclusively on conservative tea party-like groups rather than some democric groups thatere doing this politically. but now democrats are attacking the inspector general saying that he published findings and conclusions that were improper,
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incomplete, and that have called into question his independence, ethics, comtence, quality control. are they trying to kill the messenger? >> no. what they are trying is telling the truth. nobody wants to talk about it. he acted improperly. he had meet wings issa. one more thing i have to throw into the conversation. everybody is forgetting what 401-c-4ss were created for. they have been turn into political vehicles. >> they are going to drop the number from 40% -- excuse me. 49% down to a lower number. you are free to have a political organization. >> hold on a second. hold on. hn can't i ddi -- here is what democratic chuck schumer says about redoubling. she trying to get the administration redouble the efforts to crack down on tea party leaks who gained extraordinary inflnce by being able to funnel millions of dollars and into campaigns with ads that distort the truthnd
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attack the government. that's what rick just said. whose definition of the truth? do we want to have chuck schumer define what the truth -- that's why we have a first amendment. so that politicians can't define what the truth is. the general public does based on various opinions. >> that's why we -- >> go ahead, john. >> elizabeth hit it on the head talking about free speech. this is about free speech. the irs locked an anti-obama campaign. much the same way if republicans were trying on push smshg through and muzzled democratic groups that should bother -- >> let me tell you something. how they are muzzling and what they are doing, congressmen are threatening to use anti-service committees to hold hearings, to use their own committees and signing letters on their own letter head. committee letter head pressuring the tea party leaks. the supreme court has already said that you do not have to disclosure donors if your group does not back an individual
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candidate. it is drawing the irs into campaign finance regulation which is not the appropriate place for the irs to be. >> steve, that's why we have an inspector general. by the way, a hit-and-run by rick saying that democrats weren't consulted at all in this -- well, i have in my hand a whole list of -- it is a redacted list of copies of exchanges between the i. and democrats from 2012 until 2013. you cannot say that democrats were not consulted. that's what their report says. >> i didn't say -- >> that's not -- >> yes. that's n -- >> that's not true. >> i said the i.g. had meetings with daryl issa and the democrats should have been represented in those meet. >> hold on a second. steve, we have a big letter from the democrats suggesting that there was no contact between democrats and the i.g., that certainly was not true with this exchange of e-mails. we see it was. we have an i.g. they are new attacking the messenger who is the on independent observer of this
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process. >> yeah. when you -- attack anyone that gets in your way. you disparage everyone and make it sound like it is a debate out there and we are not doing anything wrong. as for 401-c-4s, engaging in trying to educate people what politicians are doing and that's how you -- social causes. u can't free tend it is an impact on social issues. >> did you can't have some politicians setting them up -- setting himself up as a final word on what the truth is. ming up, what happens when politicians play class warfare. some here say that this is what happens. people starting to threaten their fellow americans. something that just happened right here in america. it is
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news channel inside america's news headquarts. some residents in california on edge this week after a threaten grag petey was spray painted on several homes and a car like these bashing the so-called 1%. this one saying "kill people," hateful and nasty stuff. carried out by thugs. but are politicians partly to blame for all of this? >> cls war pair is bad for the country, period. history has shown that politicians that took the electorate against each other can use that sometimes to get elected in the short term but in the long term it could be bad for the country. look at the $45 trillion in
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unfunded liability has become because of the promises politicians made to pit various classes against one another. it is very, very bad for the economy. >> so you use this kind of class warfare rhetoric. more of these ugly things are likely to happen. >> perhaps. but i don't blame politicians for implementing those attitudes. i blame the people who get you -- impressionable citizens at a younger age and school teachers. my younger daughter came home from fifth grade with an assignment to list five ways that john rockefeller was evil. ing the fact that he made a come commodity more affordable to the middle class was irrelevant. he was in the 1% so he had to be evil. >> politicians areot calling for ople to be killed or exiled or anything like that. does that rhetoric lead to this ugly stuff. >> yes, it does. especially when you target individuals or target groups like the tea party and then -- other groups. the real scandal here, dave, is why the mainstream media hasn't
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been all ove this and create a culture where you police these people and step over the line anyou are going to get called for it. instead the president -- community organizer, needs to charge. he knows nothing but conict. >> i think it is going to be a cold day in hell when the media starts -- try to help in this situation. do politicians bear some of the blame? >> well, sure. we have a president who is sneeringly using the phrase billionaires and millionaires to describe people who work hard and aieve a lot. but you know, this says a lot -- has a lot of bad actors. unions that have been egging the google bust that goes from san francisco to google head quarters and even some of the accomplished rich people are fanning the flames and tom perkins of venture capitalist went way over the top when he compares some of this complaint against the 1% o jews and nazi germany. pit probably led to the most recent graffitiins accent when you set up a side us versus
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them, even though we are all americans, us versus them, that leads to bad things, doesn't it? >> look, let's review what's really happening here. i have great sympathy for the people of that neighborhood. terrible thing. there is always going to be vandals. this is what happens when there is a public discussion about something. there has been a public discussion. look, you have to ask yourself the question -- if we are covering this, where were we when political statements made against gay people, which resulted in lots of graffi in west hollywood, california, where were we -- why didn't we cover that story? >> we were probably protesting that, rick. we don't appreciate it when anybody threatens anybody else. >> we didn't cover that. >> we did indeed cover a lot of that on fox news channel but, sabrina, the fact is rick says it is a discussion. i'm just wondering if it goes over the boundary of a discussion of rich people and poor people in the split between the two. for example, look at the romney campaign. i mean -- it is a whole thing -- whole thin about he was not fit
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to be president because he was rich, because he was a rich, greedy businessman. >> that's right. one was disheartening parts of the democratic party today is that they do pit americans against each other. young against old, rich against poor. i think that's one of the things weigh want to have larger conversation is to talk about what is bigotry. it is not contained to mean the -- discriminating for their race or seal orientation or race. it is the discrimination against any group. in this case, democrats and progressive groups have really targeted hose who have worked hard and who have been successful and i just got a wheat right before we came to the show about -- from one of our followers who showed me a white privileged conference. these are academics pushingback against anything that sets white people apart. they are pointing to wenth. >> when you became any group for your problems, that's what all of the dictators over history have done. you don't want on slide into
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that here. >> that's if economics of this agn. what bother meese about this, when you look at the rich and top 1%, look who has gotten enormously wealthy. look at the founders of twitter, linkden, facebook, these are all peoplehat are lead thing country and global technological change. they are in the 1%. they are little the jobcreators out ere. we want more of these types of people not less. >> absolutely. coming up, big screens across america. is off about to make a big right turn? ♪
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that's my phone. hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. tv and internet together like never before. everything is possible. with god. >> this weekend's big debut of "son of god," just one of several big religious films coming out this year. they are coming out as new reports says hollywood's main political group actuallygiving more money to republics than democrats. steve, is tinseltown finally turning to the right? >> a little bit but not enough. in this case, the real question why did it take them so long to wake up to the fact that there is a huge audience for family films and religious films?
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evangelical christian made "amazing grace" several years ago. there has been a huge market. they are fine waking up to it. >> rick? >> i hear the fill silver medal great. secondly, doesn't this just go to prove what i have been saying to you all for a very long time? hollywood has one ideology -- make money. they made the film because they believe that it is going to make money. that's what hollywood cares about. i'm really glad to see the pac vz giving more to republicans so we can put this to rest sxwuns for all. >> rick has been saying that for a long time. >> yeah. he has been. you know, i think jesus is nonpartisan by the way. anyway, i don't know if it is -- if this means they are going to the right and i'm afraid they will turn the movie noah into global warming. >> right, right. >> just kidding. >> they are also coming up with a new movie on mary. it is a question whether they get any of the fell mist stuff
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in there but i don't think so. they are turning to the right. are they not? >> they my be. you know, i say forget making a movie about rigion. they should make a movie about piracy. that's where hollywood as a big problem. they see eyeto eye with conservatives. they respect private property, intellectual or otherwise. they realize it is critical to the economic growth. will is common ground. they a good thing between hollywood and conservatives. >> you look at the number of this hollywood par and are giving more money to republicans than democrats i don't see them as going right wing. in the movies businessmen always made convenient villains. it was true in "chinatown." it is true. it hasn't changed at all. >> is isn't will a change of direction here that you can sense? >> i don't sense that. i think rick is absolutely right. hollywood has always been about profits and i would throw into that that hollood has been more conservative than people
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won't admit. taxi drivers, one of the great all-time film, very conservative message. even if you look at spike lee films, they often bring with hem conservave messages perhaps -- >> quick. >> i new movie coming out "hope and change." >> okay. >> just kid. >> we have to leave it at that. pleased to say we leave it with everybody agreei. >> john candy said i'm right. >> mark this day on your calendar. sufer dude is back and making a splash over who he says is ally to blame for all the easy government handouts. a lucky couple in california finding buri coins in their backyard worth millions. you are in luck. our informers are about to
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we are back with our former stock treasurers. >> i like this. they make anti-inflammatory drugs. ey have an anti-inflammatory drug that will not cause you will is yours if earnings are improving. >> you like it? >> you want to buy something whose profit margin is negative 130%? >> science applications. why do you like it? >> a government contractor and has lovely $7 billion boondoggle backlog. >> do you like it? >> too much distraction. . >> niagara financial group. >> a lot of insider buying. maybe they know something. >> i like it. i put a little money in it.
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>> that's it forus for today. thank you very much for watching. have a wonderful weekend. keep it right here. the number one business show m m m m m m m m m m m m m m m bolling. remember the surfer dude? he eats well and here is how. >> on the woerful tax dollar. >> he is back saying don't blame him for the free meals. blame the government. >> i don't feel like i immediate to apologize for it. >> here is the shocker, he may be ght. we will hear a lot more from surfer dude in a moment. you will get irate. if you eat out get ready to flip out. how you may be paying for obamacare on your next bill. it may make y lose your appeti appetite. the mainstream media kiing up to the obama administration while they are

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