the tough go to disney. dis. it's been hit a little bit on revenue and earnings projections, but i still like it here. >> do you think we're into something volatile here? >> extraordinarily volatile, but i think oil will set the pace and start to rebound a little bit. >> all right. e help. don't worry about social security. do worry that you're not missing that. >> i want to cut taxes, but i want to simplify the tax code. the middle class is being killed. i want to put h & r block, it's an ambition to put h & r block out of business. >> nothing personal against h & r block. the businessman candidate wants to downsize our massive tax code and cut taxes for the middle class. welcome for forbes on fox. the trump campaign telling me the donald's tax plan will be coming out in just a couple of weeks and his team may be reaching out to our very own steve forbes. before they do steve talks to us.

joining steve today is michael, elizabeth mcdonald, sabrina shafer, john tammany. here's what the donald says specifically about the flat tax. play the tape. >> the problem with a flat tax is it's sort of the same. i actually believe that people as they make more and more money can pay a higher percentage. >> what do you think is he going to do? >> dwoent know yet. he may be meeting with some of us to discuss ideas. we'll see what happens. i hope he goes for a pure flat tax. he is the master of the art of the deal. you go for purity, and then you negotiate when you get elect and have to deal with congress. at the beginning keep the old code, that's just going to be a breeding ground like a swamp for more complexity. we tried this in 1986 when we ended up with the beast we have today. go for simplicity. >> wouldn't simplicity be a good thing? >> if our tax code was simple and dealing with congress was simple, sure, that would be a great option. one thing he has proposed is increasing tariffs. he thinks increasing tariffs on

imports into this country we will be able to solve our tax system. he doesn't want to tax corporations. he wants to charge china 20% for imports. he wants to charge mexico 25%. he wants to -- he wants to charge every other country but our own, but that actually violates free trade agreements. believe it or not, that was actually the difference between the democratic party and the republican party before world war ii. after world war ii when we became a globalized economy, it changed. >> sabrina, without getting into another history lesson here, the fact is he is appealing to the middle class saying we all know we've got a terribly complex tax code. we want to make it simple. doesn't he have a point here? >> well, he certainly does. it gives me a modicum of hope. he hasn't exactly encouraged confidence. i think he is on to a few small things. obviously, a good tax code is one in which spending is done wisely. we have to reign in government, and when it's simple so we don't waste thousands of man hours every year, and one that doesn't

penalize hard work and institutionalize bad behavior. he might be on to something. i'm still thinking, i'm worried he sees our progressive tax system as a potential way to go. >> the good thing about donald trump, i think he does see things pretty simply, and frankly, our tax code is anything but simple right now. he wants simple fiction, and he wants growth. how does he get it? >> well, the best way to do that would be to scrap the income tax in favor of a skrumgs tax. the federal government quite simply should not be penalizing work. it should also not be penalizing those who achieve a lot. they shouldn't necessarily pay more in taxes. it's also the only tax whereby we can limit how much we hand over to the federal government on an annual basis. that would shift the power back to the people away from the government and be very pro-growth. >> what scares me most about the consumption tax is they just piggy back it to the tax code. we'll be taxed twice. >> its like giving the keys to an alcoholic to a liquor store. that's what we see in europe.

you know, i'll tell you something, the flat tax would say to the american people we trust you. we have faith in you. we have faith in your goodness. we have faith that you can get things moving again, not the government. the economy has been in the protective custody of the obama administration, which is why we have the worst economic growth not since world war ii, but the great depression arks coringed to the government's own figures. >> mike, this week i think we saw donald trump kind of more than he ever has any way before sort of reaching out to some other candidates. i'm thinking maybe if he hooks up with somebody like carly fiorina, we could have two outsiders on one ticket. >> i think that's a great point. one thing i really like about fiorina's plan is she's been very clear for many years that one thing about the tax code is it needs to reward success and punish those who intend to live on the backs of others. that's one of the good things about a flat tax. the key is this, david. what will happen to marginal tax rates? what will you do to those for each additional dollar of income that they earn? obama has increased that, and

that has given us the worst recovery since the 1930s. >> there's another outsider running, dr. ben carson, who has a plan to -- just one-tenth of everything we make no matter whether you make a million dollars or $100. >> that's right. i ran into him, the greenroom here at fox the other day, and we chatted about that. one of the things where you want one rate is if you have more than one rate, what that means is the government growth in revenue is always faster than your income. they're always one step ahead of you. that's not right for the economy. it's not right for government. it's bad for everybody except government bureaucrats. >> keep it on income taxes now. we'll deal with tariffs on some other show.

>> basically it would lower actually the taxes at those lower income brackets. i think ben carson's flat tax version is a spiritual flat tax, right? >> extent everybody making below a certain amount pay no taxes under the flat tax plan? >> that's right. you still have the earned income tax credit and a plan that i have, for example, and i think it's a basis for others is a certain amount of your income is exempt from the federal income tax. under my plan a family of four pay no federal income tax in the first $52,000 of wages. this is pro-growth for everyone. from top to bottom. >> sabrina, time after time, year after year we have these polls that say, you know, how much do you think should be the maximum americans should pay in

taxes? about 25%. that's everything. federal, state, and local. 25% is the max. most americans think that. >> all of this is tied to the size of government, right? that's why having a conversation about taxes can't be done in a vac up. it has to be done in the context of are we willing to make the hard choices to reign in government? to really reformat our entitlements and consider our defense and consider all of the frivelous spending out there that is going on every day? people maybe like some of these things in theory until they see what it costses them in their bottom line, and i think we need to have a much more open kwavrgs that there's two sides here. >> mike. >> instead of just focussing on fairness between rich and poor, we have to focus on incentives. this is one of the things fiorina said. a corporate tax rate, that's where big corporations have kept so much money overseas because they get punished if they reported here in the united states. incentives for investment and growth when you lower marginal tax rates.

>> i think more idealogically it came to you. he is the libertarian running. is he in favor of a flat tax. what's wrong with the flat tax? >> the problem with the flat tax, and let's be clear, steve is always right, but the problem is it would be too -- you would just -- >> just a moment. go ahead. >> it would be way too successful. it would raise too much revenue and give government too much money to spend. i also don't like the idea of having to prove my income to the federal government. >> i hate to bring up a figure for the past. he hated the consumption tax because he said it would be too effective. exactly what you are saying about the flat tax. he thought that the consumption tax would bring in too much money to the government. >> well, if it does, let's lower it. at least this way we can limit how much we hand over every year, and it doesn't penalize success in the way the flat tax does. >> word from steve.

steve, honestly, you know mr. trump. you're familiar with his circumstances, et cetera. you have run for president. what do you think in the end he is going to choose? >> we don't know because he doesn't know yet. 30 countries have done the flat tax very effectively. if he comes out with that, then his campaign gets another boost, and i they can't say that he is just tapping into discontent. he has something. the beef is on the table. >> well, he can do a lot worse than consult mr. steve forbes on this. let's hope he does. meanwhile, it took no time for the administration to call for fines and inquiries after the bp oil spill in the gulf, so why no calls to find the e.p.a. technology empowers us to achieve more. it pushes us to go further. special olympics has almost five million athletes in 170 countries. the microsoft cloud allows us to immediately be able to access information, wherever we are. information for an athlete's medical care, or information to track their personal best. with microsoft cloud, we save millions of man hours,

and that's time that we can invest in our athletes and changing the world.

of any injuries and investigation continues. now back to "forbes on fox." i'm eric sean. see you soon. bp's spill, bad. epa spill, not so bad. this is what the president had to say about bp's gulf oil spill back in 2010. >> when i woke up this morning and i'm shaving and maliyah

knocks on my bathroom door and peeks in her head and said did you plug the hole yet, daddy? when we are fouling the earth like this, it has concrete implications not just for this generation, but future generations. >> fast forward today, and no blast from the e.p.a. over its massive toxic spill out west, even though it's contaminating waterways in three states and the navajo nation. the administration telling the nation that everything is pretty much back to normal, which has locals furious. steve, just imagine if a private company was responsible for this. the e.p.a. says, oh, we wait a mistake. they wait 24 hours before notifying affected parties about this terrible spill, and the private company had done that, we would never hear the end of it. instead they're going to get away with it, and the head of the agency won't get fired the

way the head of b.p. did. >> normally these are real poisons. this isn't like a dispute over whether carbon dioxide, the stuff we exhale is poison. we're talking arsenic and mercury here. >> you know, i think that everybody is frustrated by this situation, and even, you know, the strart mccarthy came out and said she apologizes for not acting quickly enough, and that is the pressure is on the e.p.a. now. to be fair here, comparing this spill from a gold mine that hasn't been in existence since the 1920s to the b.p. still it's a much, much, much smaller spill. i mean, the b.p. spill was every single court found b.p. in violation. i don't think that any court is going to call the e.p.a. in violation. >> we'll talk about the legal issues. the courts might be more afraid of the e.p.a. than they are of a private company, but look at this mess. we talk about the e.p.a. chief gina mccarthy. yes, she took some responsibility for it, but she also said everything is pretty much okay now. take a listen. >> okay. >> there was a statement released from the unified

command center yesterday. it indicated that the river up in la plata county that in those areas our water has actually returned back to preincident conditions. it is a significant step forward. >> she says it's normal. do you believe her? >> no, i would like to see her put a crazy straw in a glass of that water and drink it. i would like to see president obama leave the golf course and visit this site. absolutely like did he with the bp oil spill. if three million gallons of toxic waste, health issues down the road from this, and i have to tell you something, this administration is so big on telling everybody else that they're wrong and they are right. boy are they silent on this. watch this. e.p.a. workers could get imunity from this, and bp got sued. >> a maintenance got at a military retirement home flushed out a drain pipe that was clogged with dip adult diapers. he was charged with a felony.

i would like to see a new punish built to house all of the epa executives. >> i would put a little bit of my tax money in for fo that are. it's the hypocrisy of this. you have the private companies getting really sued to the hilt and the e.p.a. and the i.r.s. for that matter get away with it all. >> right. we have to ask ourselves why the hypocrisy, david, and the reason is as you point out, he is not going to say anything bad about the irs or lois lerner going after obama's political foes, and he won't do anything with the e.p.a. why? they both support his tyrantical regime. >> some people won't sit back on this. the folks who have to live with this dirty water right now are furious. the navajo nation, they said they're going to sue. three states, colorado, new mexico, and utah are thinking about suing. the problem is if they do, the e.p.a. has so many lawyers at

their disposal, they can hang this thing up in court for years before anybody gets paid anything. >> i'm sure it would be extremely difficult. the problem here, david, is this is symptomatic of this attitude. the government can do no wrong. where are the environmental alarmists right now? i think you mentioned, three million gallons. s arsenic level that is are 300 times that of normal levels. lead levels that are 330 times higher. this is serious pollution. we hear alarmists screaming about chemicals, food, energy, fracking all the time. the government makes a major mistake, and we hear zilch. >> it's the idea that they're above the law. again, with the irs we heard it. they're above the law. you are guilty until proven innocent with the irs, and the e.p.a., you are innocent no matter what. >> that's right. it's such a double standard. neighbor if they stop watching porn on their computers, they can take care of stiff like this. they did lowballed the estimates of the size of the spill, and it became -- came out to be triple

the sides of what originally they said it was. >> last word. the cashin in gang at the bottom of the hour. what do you got? >> hey, david. new details about yet another illegal immigrant killing an american. is donald trump right that we need a wall to save lives and money? plus, attention, target shoppers. the store saying it will no longer sell kids toys based on gender. is being pc good or bad for business? see you at 11:30. >> we will be watching. up here, first, nurses for bernie. self-proclaimed socialist bernie sanders winning the nod from a major nurse's union. some here say if they

the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around.

the union that represents nurses in america want bernie sanders in the white house -- for the single pair socialized health care they have in britain. take a look at this. the average salary for a nurse is 45% more in the u.s. than it is in britain, so, steve, looks like a nurse's union is advocating a big salary cut for its workers. >> yeah. they think government means bigger salaries, but when you run a system like that, one, you get a less good economy, you have less good outcomes because you have less resources. less resources means less pay for doctors, nurses, and facilities. that's why, for example, if you get certain kinds of cancer, the rates of survival in britain are a fraction of what they are here in the united states. >> why is the nurse's union advocating a system that will create a pay cut for nurses? >> because they have seen the effects of the affordable care

act over the past five years have benefitted them. 200,000 more nurses have jobs now. health care has record profits. that wasn't possible -- wouldn't have been possible if not for 32 million people now having health care. as the health care industry grows, as the number one and two job provider in america, there's more money for health care system. >> bill, you just can't argue with the numbers. they make a lot less. it cost az lot more to live in london than it does here so they're making less and they're paying more. these people are at poverty level. do we really want that here? i don't understand why the union here is for that. >> the one thing that socialism can definitely deliver is equality. everybody is equally miserable. what happens with a huge waste from a socialized system, there will be cost pressures. that means that both the patients will suffer and the providers will suffer. yes, the nurses will end up making -- one point that bernie may have is that doctors are

turning away from medicine with all the complications of obama care. maybe there will be more nurses because there will be fewer doctors. >> that's happening already, david. politically this is a smart move for sanders, right? obama care is forcing out doctors. they're being replaced by nurses. as for the nurses and the future pay, don't you realize that bernie would push through another immense tax increase on top of obama's big tax increase to pay for this? >> again, i can't wrap my head around why the union would defend something that's going to make their union members make less. >> nurses are already raising a ruckus across the country. you can't impose a vermont style system that -- for a country that's as diverse as the united states, number one. by the way, the 32 million now have health care. you know, insurance. that's really costs the insurance. it's bankrupting them. i don't want nurses salary to get caught up in political fights. >> go ahead, john. >> this is going to be bad for nurses just because it invites government into an industry even more. that leads to stagnation.

staying nice repells investors. it's amazing the unions could be so short-sighted. >> i'm so surprised you didn't support bernie there. john, thank you very much. coming up, more americans telling their bosses i quit this summer. we're going to tell you just how many and the stock that is will let you say it as well. ♪ take this do you want to know how hard it can be to breathe with copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled

copd maintenance treatment that helps open my airways for a full 24 hours. spiriva helps me breathe easier. spiriva respimat does not replace rescue inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva respimat. discuss all medicines you take, even eye drops. if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain or problems passing urine, stop taking spiriva respimat and call your doctor right away. side effects include sore throat, cough, dry mouth and sinus infection. nothing can reverse copd. spiriva helps me breathe better. to learn about spiriva respimat slow-moving mist, ask your doctor or visit spirivarespimat.com

usaa makes me feel like i'm a car buying expert in no time at all. there was no stress. it was in and out. if i buy a car through usaa, i know i'm getting a fair price. we realized, okay, this not only could be convenient,

we could save a lot of money. i was like, wow, if i could save this much, then i could actually maybe upgrade a little bit. and it was just easy. usaa, they just really make sure that you're well taken care of. usaa car buying service. powered by truecar. online and on the usaa app. >> on monday we have rob o'neil talking about isis and an isis hit here in the u.s. meanwhile, 2.7 million workers saying i quit in june. what stocks will let you say those two words to your boss. >> yeah. i've got an i shares moderate volatility. kind of slow growing, but it looks like it has decent. >> slow and steady. >> it's not good enough to make the forbes best etf list. >> you like energy.

why? >> crestwood energy is a risky bet on a resurgence in gas processing. >> but we've seen oil prices way down. >> i like it. it's gut-clinching. watch out for that. >> thanks for watching, ate you being here. have a wonderful weekend. keep it right here. eric and cashin in is next. >> you see what's happening with illegal immigration. you see kate in san francisco and what happened yesterday in california, which was horrible. >> gop presidential frontrunner donald trump reacting to another illegal immigrant accused of killing yet another american, and the police chief where the brutal attack happened is saying this. >> i am not remiss to say that from washington d.c. to sacramento, there's a black trail into the bedroom of marilynn phares. >> so do we need to fix our broken immigration system before more innocent americans are slaughtered? hi, every. i'm