>> dollar cost average if we get a dip? >> just keep buying, buying till you die. >> all right, the cost of freedom continues now with the man himself david asman on the vice president mike pence making a weekend pitch to repeal and replace obamacare. drug companies are applauding the plan and that's why some here say patience and taxpayers should worry about the plan. it's time to debate. welcome to forbes on fox. we have a full house. there are a lot of people in congress saying this is helping insurers many more than it's helping patients. what do you think. >> i agree even though last week we said we need to get the

reform done. it does help companies more. when have you ever heard the government say yes insurers, you are allowed to hike insurance prices 30% if you go without coverage for a year. when have you seen such corporate entitlement built on tax credits like this one. i understand we need obamacare repair repeal and replace. >> there are a lot of tax breaks for insurers on this thing. it does help them out in specific areas. >> yes david, look, i think we have to look at this along the spectrum of good, better and best. we may not be at the best plan just yet but i think we are moving in the right direction i think a lot of republicans are working to repair some of the most damaging parts of obamacare, using things like tax credits and equalizing the employer versus individual tax

situation is very important. if government is going to be involved in subsidizing, i think it's important they are not subsidizing health insurance but that they are subsidizing healthcare, and that's the direction we want to continue to move in. >> bruce, the definition is really helping out a small group of businesses and everybody else pays for it. is this an example of that? >> it certainly is. you have the situation with these insurance companies and a lot of people, paul ryan and others have brought up this whole idea that obamacare is in a death spiral because of what the aetna ceo said but his company wasn't able to successfully manage the cost ofç care. they pulled out of florida, but florida blue cross is in it and making money. they've screened other patients it may have 800,000 customers. this is now, they will get to sell what they want, and it's not going to cover benefits and charge what they want. that's not going to change. >> there's a phrase inside the beltway called car valves.

this is a work in progress, it may change, but does this concern you? >> not so much. in any bill you will have interest try to weigh in. the key thing is you have more flexibility in the market and less of discrimination between young people and old people, young people have to subsidize old people, that goes down a bit. to get the c- but it is a step in the right direction. >> john you are no fan of crony capitalism. what do you think. >> i'm not, but at the same time, anything that's good for insurance companies and drug companies is probably pretty good for consumers. i think we have to remember, only in hollywood to companies get really rich by policing their customers. in the real world they get rich by bringing value to them. >> by the way it looks like you're in hollywood, so you know. bill, what do you think? is this crony capitalism or will this help the individual patient and tax prayer.

>> i think this is just as bad as obamacare. we have to help patients and eliminate high deductibles, and bring in high co-pays. let's say 50% of the first $8000 and then, and only then would patients be motivated to shop for the cheapest mri. >> steve leaned in on that. >> that's preposterous. the government should not dictate these things. the governmen government needs e some of these constraints off and stop throwing people out into the street. the 30% premium, if a young person drops out and goes back in, that's not good but it's far better than the individual mandate that covers everyone. >> at least, what this bill does to empower the individual is increase health savings accounts

and increase the flexible spending accounts he can put more of your own money tax-free into your healthcare. >> i get it, i hear what you are saying, but the insurance companies have not behaved so great. watch this. the raw knuckle power of the insurance industry at the state level, obamacare already had the ability for states to create their own health contacts. it's in section 1333. i know it sounded like the scarecrow just got a brain, but it allowedç states to build thr old pools across state lines. the insurance lobbies are so powerful at the state level they stopped it. a true free market cannot happen until you remove the insurance company ironclad grip at the state level. >> sabrina, i know this may be a step in the right direction, but at the same time, it was the insurance companies in the drug companies that were in there at the beginning of obamacare. they got their little car routes there. shouldn't we be suspicious of them getting it here.

>> i know with obamacare, you sort of get in bed with the devil. that sort of what you get. but i think the bill was then you have two sides of the same coin. i don't want government to do this but what bill is pointing out is we want health insurance to be for catastrophic injuries and illnesses. it shouldn't be for a strep test or common illnesses. that's where people should be shopping around. it would come down. you already see that with the minute clinics popping up all over the place. we want insurance to be traditional insurance, not the every day. >> i think we have to empower the patient. it ought to be possible to go to your computer screen and shop for doctors or mris the way you can shop for blue jeans on amazon. we can do that. why not, let's fix that. >> john, can we fix it? >> of course we can fix it, but if were going to be suspicious about insurance companies, let's

be suspicious about a republican or democratic party that wants to legislate this. just free up the economy. market like anything else. >> you act like insurance don't do any lobbying of politicians in d.c. they go hand in glove together to craft legislation like this. so i'm saying, it's not truly a free market reform when you have people sitting at the table crafting legislation behind the scene that hurts everybody. >> quickly. >> no one is saying it's good or bad, but if we want to fix it it's not about letting congress do it without the insurance companies. get congress out altogether and you will see a great outcome - bruce, go ahead. >> the people closest to this, closest to the patient, the hospital, doctors and nurses are all opposed to this, and the

insurance company and pharmaceutical companies have not said anything. >> steve, there are these associations, bruce is right. there are these doctor associations inside the beltway that claim to speak for all doctors, but frankly there are doctors involved in this, the closely is a doctor. rand paul is a doctor. there are a lot of doctors that are working to make this happen. >> they don't speak for everybody and they are the ones i could give us obamacare in the first place which a lot of physicians oppose and should have done away with a lot of individual practices. in th the real world, in terms f tax credits, maybe after negotiations they can be made like school vouchers for the patient can go to the market. >> i would like that idea. i would like to be totally in charge. >> the house bill is a step in the right direction. i hope they tweak it a little bit. then we will be on our way. >> i just want to check your consistency. when obamacare past, were you against the vouchers back then? >> i was not wild about what happened then.

they needed to get something through. what you need to do is amend this in the insurance companies one. they are making billions of dollars off medicaid, medicare. >> we have to leave it at that, from replacing obamacare to cutting taxes, some lawmakers demanding we figure out how to pay for tax cuts, but some say they pay for themselves. we debated coming up next.

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roles on 6000 vehicles per they will pay out more than $20 billion in civil and criminal penalties. chipolte plans to close its southeast asian kitchen restaurant chain. the customer company announced it was looking to expand into asian cuisine. the announcement comes as tripoli is recovering from food scares that sent sales plunging. watch foxbusiness network for the latest in business and financial news. giving you the power to prosper. >> it's the next big debate in president trumps agenda, paying for tax cuts. many republicans and democrats say they don't want to add to our nearly $20 trillion in debt could steve, you say,ç what's o debate. tax cuts pay for themselves. make the case. >> absolutely. when they kick and you have higher revenue but washington

spends the extra revenue and then some more. the key thing is, don't worry about washington. worry about the american people and the economy. when you get reagan type tax cuts and trump tax cuts, the american people are better off. more jobs and opportunities are created. i don't care about washington, i care for the american people. go for them. >> bill i hate that phrase, we have to pay for these things. >> you don't have to pay for tax cuts, that's my money. >> well it is your money and i totally agree with steve that we have to shrink the size of the federal government stopping a burden on individuals, but i think it's time for steve to give up his mildew economics that says it will pay for themselves. >> oh my goodness. we have proof and we will show right here which is that from 83, which is when the reagan tax cuts kicked in until 89, look at how the tax revenues, the money that came into the government from individual tax rates had been cut. it increased 55%. we cut the tax rates from 70%

which was the high down to 28% and we had a 55% increase in tax revenue. >> the phenomenon happened under jfk, tax revenues sword between 1964 and 69. yes, it's common sense, put more money and you get more growth, that means more tax revenues raised from that growth. we are coming out of this eight year. the you didn't build that administration and now the economies gotten out of that faculty launch. people who talk otherwise should get jobs as opinionated bartenders. that's what i think. >> john who always has an opinion who may not be a bartender. as a matter of tax cuts are paid for? >> yes, i reject the very nature of the question. the simple truth is it's not the government's money. the question is are americans overtaxed? with out question. could they get by with less of our money, without question.

it should always be about reducing the burden of washington on the american taxpayer. >> sabrina, what do you think. >> i'm in complete agreement with john. the economy has been chugging along for the past eight years. it needs a massive energy drink in the form of lower regulations and taxes. it seems like a complete no-brainer. i'm not putting that tax rate under my pillow. it's going into the economy to help grow companies and jobs and make things better for americans. this is just seems ridiculous we would be talking about this as a >> but we are, and the point is, republicans who speak wonderfully about ronald reagan would take a lesson from ronald reagan, during his era we cut tax rates from 70 down to 28%. tax revenues increased 55%. what's difficult to understand about that? score tax cuts in washington which assumes you don't get much

of a feedback. the ten year revenue estimates are not worth the paper they're written on. that's number one. number two, revenues do come in when you have a vibrant economy. people learn more and pay more and give more weight to charity. it's very basic. the republicans don't seem to understand some of them when you make an investment, you don't get a return right away. you want to build a building, take several years before you get the thing complete. hello people. >> bill, this is not voodoo economics. we have the stats to back it up. >> good stats, but the burst of revenue came from two things. pent-up capital gains and a pent-up economy which had been suppressed by vulgar is him. >> and by tax hikes. >> so you know, people who say tax cuts don't create growth, they are the same crowd that said obamacare would lower cost for us all. again, opinionated jobs as bartenders. that's what i think they should be.

>> bruce, does any of that get through to you. >> nobody wants to pay higher taxes, but if you look at what donald is talking about, he's talking about spending at a faster pace than any revenue would come in with his wall and trump care. >> there are a lot more expensive with the trump administration. >> the key thing is, when you lower tax rates, you get more revenue on the spending side, separate issue. if you want more revenue, lower the burden on the american people. >> we have to leave it at that. they're getting ready to roll at the bottom of the hour. what you have. >> new leaks say the cia can spy on people through their smart tvs and smart phones. time for private tech companies to block the government from sleeping on its customers. plus the day without a women protest is resulting in a day without school for students

leaving many parents grambling. is that right? is that fair? >> thank you. we will be watching. our trade gap is jumping to a multi- year high and trump straight advisor is warning it's a threat to our national security. some say it could be good for our economy. what? they will explain next.ç ways w.

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then why settle for slow internet? comcast business. built for speed. built for business. the u.s. trade gap hitting a five-year high in january. trumps top traded visor is saying at the national security issue. look at 1984 in the midst of the reagan revolution. we had a high trade deficit but

the same year, look at how much we grew. 7.3%. we grew the highest in decades. we haven't grown not high since, and that was during a high trade deficit year. >> trade deficits don't tell you anything for they don't call tell you about transfers and the like. going back to jamestown in 1607 we have a trade deficit. bmw plant south carolina, germany putting in billions of dollars, he created tens of thousands of jobs directly and indirectly. they're producing 300 cars -- 300,000 cars including 200,000 cars for transport. >> is the trump administration wrong worrying about trade deficit. >> i don't like to worry about that. at the disease of americans living high off borrowers like

china. >> john is shaking his head no. >> trade deficits are a mess. i run a trade surplus with my employers. my deficits are the rewards with restaurants, carmakers, you name it. we have a deficit because the u.s. is a magnet for global investment such that we export shares that don't account and what always bounces trade. what a ridiculous thing to say. >> as i pointed out earlier we had a huge deficit and 84 in the biggest growth spurt we've ever had. >> not sure about whether the deficits matter, but worries me more is when donald says these nasty things about mexico and he will start a potential trade war. he said he wants to do more individual deals, but the only individual deal we know heç has made us maybe with russia. >> by the way, mexico needs us much more than we need them.

nobody will start a trade war from their perspective. peter navarro who is the trade representative for president trump says the trade deficit is a threat to national security. >> i agree with john. i don't think trade deficits matter. i don't think it's right at that 100 other countries slap our goods with tax. i'm interested what reagan did with japan. he put quotas on cars coming in from japan. what about quotas instead of taxis. >> where does this end up? clearly it bothers trump and his advisers that we have this trade deficit. how will that affect policy. >> first of all i think we have to think of this as a vacuum. americans benefit tremendously from the fact that we have products around the globe. this makes things cheaper and better for business. on top of that i think the trade deficit notion is silly. very few products are made only in one country. parts come from america and

china so it's hard to measure this. of course we want the administration to have america's best interest in mind but trade is something -- >> last word from sabrina. march madness isn't just for hoops. this could also be a slamdunk

>> we are back with the stocks that should be in your bracket this march. >> wall street really liked this one. they get your immune system, he turns around to tax those cancer cells. >> i love that idea. >> i'm praying that if scientists cure lymphoma but it's a long shot. >> this is the mad tax season. people go crazy when they look at their silly 1040s. h&r block.

>> it's newsy. it's too sleepy for me. >> a lot of people needed out there. that's it for forbes. have a great weekend. thank you so much for watching. keep it right here. the number one business continues with cashin inç. >> while you are watching us on cashin in, who's watching you. wikileaks released document saying the cia can listen to conversations through smart tvs even when the tv is turned off. apparently the government also has tools to hack into other everyday devices like phones and cars. should a company selling us these devices guarantee or privacy or can they guarantee or privacy? welcome to cashing in. welcome everybody.