tv Cavuto on Business FOX Business September 13, 2015 6:30am-7:01am EDT
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i've been wrong on go pro but i still own it and believe in it. up 30% in a year. >> jonas. >> we can get ready by warming it up with a nuclear bomb attack. we'll need the secret division of boeing to make that craft. up pearce year on boeing. >> neil? all right. is it just me or was this a good week for the bad guys or what? welcome, everybody. i'm neil cavuto. think about it. we've got an iran nuke deal going through as opponents in congress really can't find a way to stop it. soon we'll have a palestinian flag going up after the u.n. as it. ben stein has had enough of it. we've got charlie gasparino. adam lashinsky is making last-minute changes to his fantasy football team, that or burning an american flag. i don't know which. but he's busy. ben, the iran thing goes through. good day for the palestinians at
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the u.n. i could go on and on. but those are two of the headlines. what do you make of it? >> i'm mystified, neil. why did mr. obama want this deal so badly? gives the iranians sooner or later a nuclear bomb. gives them a great deal of money. gives them ballistic missiles. takes our pressure of sanctions off them. why did mr. obama want this deal so badly? what is the imperative for him to get this deal except some kind of deep-seated psychological identification with the iranians, some kind of deep-seated hostility to israel? i don't understand the motivation. just seems there is nothing going on here to make him do this. and some might say what's the alternative? to bomb the sites. that's been done before. bombing is a common theme in preventing freem getting -- people from getting things. >> i'm glad you mentioned it because now i don't have to go
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to her. jilly, that criticism is out there now. i talked to a former reagan ambassador and said, well, you know, ronald reagan would have entertained probably doing a deal with iran but not one he couldn't verify. on paper there are ways we can verify it but we're not going to do that or we can't do that or we're limited because american personnel are not among those who can verify it, heps they get a lot of money -- it is their money, they get a lot of money to do god know what is in the end. >> somebody who knows a little bit about soviet proliferation, we never had american personnel verifying on military sites in the soviet union whether they were keeping to their agreements, yet ronald ray dan did take that chance. look, i will say this, ben. >> wait. no. i'm sorry. you lost me there, which is easy to do. i mean he did have a way to verify what they were doing or not doing, and it was crucial in follow-up deals. >> of course. but we have a way to verify too.
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i assume the iaea is going to be verifying this. >> we're not part of that verification team. >> wait a second. the iaea is verifying it. >> i know i'm getting sidetracked. iaea isn't even talking to us about what they agreed to on the side -- >> the iaea is going to be able to verify this. if we get any inkling, our intelligence gets any inkling that the iranians are cheating, we claw it back, the provisions o let me address something ben said. >> then what? >> then maybe we bomb them like you said. big difference between bombing the iraq nuclear site, the israelis did in 1981 or 1982 than bombing this. the french had built the nuclear development. the french have not built anything in iraq. you can't bomb scientists' knowledge out of existence. you bomb it, they'll rebuild it. >> you can't bomb it out of existence but you can blow up the reactors. >> then they'll rebuild them. >> and then we'll bomb it again.
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>> and they'll rebuild them again. >> you know, $150 billion. that's their frozen money. unfrozen for this. and the immediate worry is there's really no immediate sort of carrot and stick treatment of that money. >> almost no carrot and stick. >> they have that money and the fear is they'll do a lot of bad stuff. >> the only thing we can do i guess is bomb, you know. >> what i'm saying is we can't monitor that, can't verify that. >> and let's be clear when we compare the soviets to the iranians. you could make a really good case that kruschev, brezhnev, gorbachev, and i probably missed an interim one somewhere between those three, were more rational human beings. >> two. >> i can't remember their names, but are more rational human beings than the clowns running iran. we are dealing with lunatics. to get to glen's question, what is president obama after when it comes to this? i think maybe not destroying the state of israel but i think
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eliminating it as a power, as anything of significance is probably his end game that there is a deep-seated leftist thought that israel is the root of all evil in the middle east. and if you got rid of israel sort of as a power. if you turned the country into something less of what it is with a jewish identity, that, you know, everything would be okay. >> i do know the u.n. is going to be flying the palestinian flag. now, look, whatever flag they agree on and all. i'm just saying you can see, dagen, and the fear that comes out here that, wait a minute, this world could be turning in a way that's anti-free people. >> right, because this iran deal was not a treaty voted on by congress. this was a deal that the president cooked up that was ratified by the u.n. security council. >> by the way, republican leadership signed onto this thing and the way it was going to be done. >> right. 98 to 1 senate vote for this review of this agreement.
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>> we won't have a vote on this agreement. >> however, in that, the administration acknowledged and promised that it had to submit to congress all of the information in this nuclear agreement. but they didn't do that. here's what we found out, that you had -- the associated press is the one that told us that the iaea was going to let iran inspect its own site at parchon. we find out from senator tom cotton and colleague tom pompeo that the iaea had all these side deals. this is something that's been shoved down america's throats, and once it goes through, no president will be able to turn it back because iran will have the money and because all these other nations and their businesses will be doing business with this sponsor of terrorism. >> dagen, with all due respect, they're going to do business with them anyway. let issei we voted this deal down. you know this better than i do. the french are already in there trying to caught deal, the germans, the russian, the chinese. sanctions would have been lifted
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by the left of the world anyway. wait a second. we would have gotten nothing out of it. >> not backing this deal would never have gotten done. >> just not true. the u.s. leading the lifting of the sanctions. >> yes. >> not the french. >> the u.s. is keeping its bilateral sanctions in place, ben no. they're keeping very small sanctions. the main lifted sanctions were issued by president obama. >> it is a done deal. charles payne, your thoughts on what happens now. >> i think the one thing everyone is saying even julie is the barn door, we can't close it afterwards because once they've got $100 billion, iran to continue its campaign of terror in the region and to become more of a threat to everyone, including israel, including saudi arabia and everyone else -- >> bottom line that i recollect ear free to do with their money whatever they want. none of that's in the agreement. >> we can quibble about the next president because this was an executive odder issuing their own executive order, but it might be too late.
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>> sometimes things happen in threes or fours or fives. but it was a good week for bad guys. that was my impression. hope might spring eternal and this deal ends up bag good deal. >> better. >> those trends and those developments taken together over te past week or so do not inspire a great deal of confidence. china then just off the coast of alaska with five ships just sort of, you know, checking out the shoreline. you know, the same with the russians off the coast of georgia as in the state of georgia. i just think it's just like a weird unsettling, hey, the world is upside down, unnerving series of developments. >> exactly right. >> if you don't want this, you'll hate what the coming years look like as money pours into iran, as the arms embargo is lifted on iran in five years, when iran is allowed to develop ballistic missiles that they can attach nuclear devices to eight years out. so enjoy this week because the coming years are going to be hmm
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hmm. >> and the irony, all you have to do is listen to hillary clinton talk about this deal in recent weeks, we are closer to war with this deal. she said it. if i have to, we'll bomb them. i'm paraphrase bug she said it. >> if they don't comply. >> but think about it. do you really think they're going to comply? it's like trusting the mob. >> he is not going to be staying at the waldorf-astoria when it comes to new york. do you know where he is saying? the days inn on 11th avenue. very unusual development. but how paranoid are we? >> i didn't know there was a days inn on 11th avenue. >> that used to be -- >> not the one by the hour, no, no, no. i'll tell you, though, that was the hotel of choice of all presidents, that's where you stayed. no longer. that is how weird is world is getting. >> right. >> weird in the wrong way. >> i want to thank you very
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much. democrats want to do one thing with taxes, the republicans want to do the woer the code. we debate, you hide. today on forbes on fox, jeb says we need stability in d.c. donald says forget about being nice. we need confidence. who's got it right? and homicides on the rise all and homicides on the rise all over america.
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here is something you are not hearing anywhere else. give neil cavuto the nobel prize. no. that's not a one. gop presidential rivals agreeing with each other. take a look. >> taxes should be lower, simpler, fairer, and clear. >> the tax code needs to be simpler. >> on tax reform we need a simple flat tax. >> i prefer a tax code that's three pages long, not 70,000 pages long. >> it needs to be lower and flatter. it needs tone courage growth. >> i want to simplify the tax code. >> so they all want our massive tax code to take a hike as presidential hopefuls on the left want a different kind of hike. >> those at the top have to pay their fair share. >> we need a tax system which is fair and progressive, which hold the wealthiest individuals and the largest corporations that they are going to begin to start paying their fair share of
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taxes. >> i don't know how you feel about the fair share thing, charles, but i thought when it went to 39.6%, the presidential was re-elected, that i expected, i didn't expect all the surcharges with medicare and all of that for the health care law that brought up to 45%. i don't know what level is a fair share, but apparently it's not about 50%. what is it? >> it's just great card. it's the ultimate. the left has a lot of different cards from the race card to the gender card, but the best card is the fair tax card. when in doubt, you want some vote, pull that out. we're talking about the economy. one, if you're trying to punish people for being successful in america, go with bernie sanders. if you're trying to ignite this economy which hasn't been ignited under obama, you go with what everyone else is talking about. i did quibble with jeb bush. in a statement about 15 million more people not paying taxes, that's one of the problems in this country. not enough people have skin in the game. >> flat tax for everybody, get
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some skin in the game. >> when i hear these ideas for raising revenue from the left, that's fine. if there were ways to control spending, i might give them an ear on this. but they're not. >> no. they're looking for more money and they're looking for more revenue. >> we could tax charles at 100% and it wouldn't pay for all this stuff. >> one more abrams tank, though. >> he wouldn't be on this fine program because he'd be living in the bahamas. the issue i have with all of these tax proposals even on the right is that they talk about we want a flat tax, we want fewer tax brackets. oh, but you have to keep the mortgage interest deduction. these desuctions that you get in the this country and the tax breaks we get -- >> get rid of them all. >> here's dirty little secret. they need to broaden the base and figure out a way you can lower taxes, make it simpler, but you have to have enough revenue. you're not going to be able to deduct the interest on a $1 million home.
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>> they'll neve have enough revenue, particularly the democrats. >> again, it's like they always make the exceptions, well, we can't get rid of the mortgage interest, we can't get rid of this. >> jeb's getting rid of it. i would say this, bernie sanders -- >> wants a bigger earned income tax credit. >> read his proposal. >> i did read it. >> are you telling me -- she's saying -- >> no, i said he's increasing the -- >> okay. >> what she's saying makes no sense. >> most of them want to -- >> he wants to get rid of a ton of other deductions. >> she's saying get rid of all that, simplify it, lower rate. >> maybe can have a couple left. >> see. ben stein, what do you think of that? >> i think we need a higher tax on very rich people and higher taxes on poorer people too. everybody should pay at least some taxes. >> what's a fair tax for you, ben? >> for me 1%.
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for you i'd say 88%. >> touche. i love him. all right. julie, here's what i don't understand. what is this fair -- i thought we were getting back to it when we returned to the top rate of 39.6%, added stuff for health care, more coming limiting the rich folks' incomes. for you, i'm curious. >> for me personally? >> fair share for the rich to pay. >> i think very, very, very rich, many of whom make most of their money off capital gains, which is i believed taxed at 15%, while the rest of us get penalized for working our butts off and have to pay around 39.6% if you're wealthy like charles, that's not fair to people like charles. >> i want to be clear on this. whatever saying about the super rich, should the top rate be as others have intimated to me on this fine show, not this particular fine show, i do so many, anyway, that it should be 90%.
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>> no. come on. bernie sanders? i'm advocating people who make $60 million a year, most of which is from capital gains -- >> 55%, 60%. >> keep it at 39.6%, but those people making millions -- >> that would be a cut in tacks right now. >> listen to me. no, no. let me finish my thought. >> okay. let her answer. >> those people who are making $600 million a year off of capital gains that are taxed at 15%, pay what the rest of us pay to actually work, like you, charlie gasparino. >> thank you very much. al qaeda is targeting 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
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>> justice department is snounsing its own. not on terrorists, about the the guys in the corner's office mixed messages, ben stein, don't you think? >> well, not really. i mean, the laid people are totally psycho, lunatic maniac killers who belong in restraints. there are plenty of ceos. there's no comparison here. let's get out to the laid people. let's get to the corporate wrong doers too. what i don't like is this endless shaking down of american corporations and it's a shake down. >> the assumption after that that got you. they're not to be trusted. >> there's sort of an interesting kind of relationship
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that ben is talking about, and i think it's despicable that the executives that these wall street firms are able to take shareholder money and pay off the government. they don't go to prison. the government has been getting money from wall street, these billion dollar settlements over and over and over again. sfroo they need to be some laws. >> well, there have been a lot of perp walks, we should point out. not necessarily wall street firms, but they went after a lot of top hedge fund guys. i would say this, they've been trying to go at them. here's the absurdity of this thing. the wall street firms, these companies are established look the mob. there are buffers. what we're going to see here if they do this thing, we're going see a bunch of lower level that carry out like mob soldiers and the guys at the top go to jail, and it's rid ebbing husband. >> it's almost ten years after. maybe people welcome it, but the timing on it they said that at the beginning.
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he has reported on this extensively and talked about it. a lot of the bank executives, a lot of these financial firms, the executives they wanted heads to roll. >> that's every day. i don't know where. i wonder why he wants to punch charlie in the face. >> i agree with ben stein. you can be both at the same time, but i also agree with harley of what he said. if you are going to go after it -- if you are going to go after guys on wall street, go after the guys that are actually in charge and do it. >>. >> we get to ask julia if bernie sanders reminds you of gash chauf? >> why, because of the spot on the forehead?
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>> they're both nice commies. >> i wish we had more time, but i do want to thank you all. i want ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet?
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>> that could help. ben. >> just simple diamonds. always love indexes. diamonds are great. >> think of the -- what's the most -- fwloo well, the one i have used the least, i can't talk about. >> you can be friends with people that you don't agree with on everything. i mean, we have to restore a degree of civility. >> that's jeb bush saying we need more civility in the race. >> which one will get washington working for us? civility or competence? welcome to forbes on fox. >> john, do we need m
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