tv Cashin In FOX Business September 24, 2017 7:30am-8:01am EDT
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david: e-mark. >> some of the numbers are not going strong, it looks weak on that front. david: that's it for forbes on fox. thank you for watching, have a great weekend. keep it right here, the number one business block with my co-host melissa francis. that's next. >> republicans finally expected to reveal their tax plan this week, but reports say it's not going to be big and bold with tax cuts for all that president trump promised. someone here says if we don't get those big and bold cuts, we won't get the economic boom that we need. hi, i'm melissa francis and welcome in to cashin' in. our cashin' in crew, jessica, gary, and scott martin, all-stars, in my opinion. welcome, everyone. >> hi. melissa: let me start with you, does our economy need big and gold tax cuts this week? >> we need it big time. the trajectory of this country for years has been higher taxes and major government spending,
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and unfortunately, i don't think we're getting big and bold. i think we're going to get small and wimpy. right now we're talking 1.5 trillion dollars over ten years, let me put this in perspective. over the next ten years, we're going to send them between 35 and 40 trillion dollars of our tax dollars. so, 1.5 trillion is a drop in the bucket. they need to do a lot better, but unfortunately, i think they're scared of their own shadows right now. melissa: i don't know, jessica. the president seems he's all about making deals with the democrats. >> yeah, but we like small and wimpy tax cuts. i don't think that would bother democrats if there wasn't a slash of the top-rated tax. where we should go big and bold is the corporate tax rate and i think that's where the negotiation can be and that would be a boon for our-- >> wait, wait, you're calling for corporate tax cuts? >> and i've done it before and i shall do it later today, i'm sure. i think it's smart under democrat and republicans
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president we've seen great slashing the rate and talking about the tax when it does come back here. i think that's where the conversation can be led, people from red states. and trump took by 42 points. these deals can be done. if you're giving billionaires a tax cut, the rate that's a no go. melissa: the top 1%, they're the democrats. research that forbes has, and jessica is saying don't give the dems a tax cut at the top. >> look, if you look back in the last few years, melissa. this economy has suffered under p progressive tax regime, and when trump was on the campaign trail, we heard about taxes on a post card, phenomenal tax reform and biggest america has seen, now it's wimpy and weak and sad to see as an american
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that's hoping for better things in the economy, hoping for real job growth, not just say blue collar jobs, but high paying jobs created in this economy, it's not going to happen with tax policy not being completely overwhelmed, with some sort of good changes that we've finally been promised for what now, months. melissa: we don't know that, gary. we haven't seen the details. you geese -- you guys are anticipating that they're little and wimpy. i personally think they'll talk about repatriating the dollars that jessica mentioned, but if you read the tea leaves may be tied to infrastructure spending. there's a lot out there that we don't know about that might be out there. >> corporate tax rates, better number, fine. repatriation, fine. and you have to do something about the individual. and i keep hearing the wealthy shouldn't get anything. they're the producers. how do you tell somebody in
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california and new york, you have to work in the month of july and august before you make your first dollar. i've got to tell you, the people that are successful, hiring, growing, should be rewarded with keeping more of their money. i think you do it across the board. let me add one more thing. it's not very often that a political party gets and can get their way. the democrats had it for two years and they did what they want with obamacare and higher taxes. this would be a gargantuan missed opportunity if they don't go for the big enchilada and they do the piecemeal things. we've got to change the trajectory of taxes and spending we haven't gotten to yet. melissa: if they do tax cuts for everyone, does it take away the democrats talking points on the rich, or do you have to keep the top rate where it is, just to keep the talking point at bay. >> democrats will use the talking point.
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the lower and middle classes would get the tax cuts and we'd talk about .5% for the wealthy and that's working nowment and trump campaigned similar to bernie sanders on economic pollism. we should go after me, he even said, right? and we should not have such disparate. income inequality, hey, vote for me even though i have a golden toilet or-- >> have you been there and used it? >> i have not used donald trump's picture, but i feel like it's been pictured. anyway, the point is that democrats will talk about the problems with the wealthy and you're right that they're getting to the.001% and they're not calling for tax cuts for themselves. that's not our talking point about it. the argument will continue to go back and forth just in this way. melissa: scott, what's the final outcome? we need this boost, this stimulation to the economy. this is what the president was
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elected for and this was his big opportunity. >> the outcome i'm probably going to buy a golden toilet this weekend, certainly. melissa: i am not, for the record, i am not. but anyway, yeah. >> per the fox news alert we had earlier on the show here with respect to jessica calling for corporate tax rates to be slashed. this could work out if we get a bipartisan agreement on some sort of tax cut or tax reform, my goodness, the democrats could take credit for growing the economy after what, the past 15 years. >> considering what president obama inherited. melissa: let's not go down that road. >> i'm down that, i'm down the toilet bowl of that one. melissa: jessica, please. >> jessica sounds like she's coming to the dark side, finally. but i just want to mention spending. spending is going to be 4.1 trillion this year, the federal government. it's going to be 5.1 trillion in four years, there's no way-- every dime of that's coming out of the economy into washington's hands and there's no way we can reach our economic potential if that
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continues and i have news for you, it's going to and interest rates are going up as well, guys. melissa: one at a time, go ahead. >> republicans are doing absolutely nothing about it. i hear one or two people say it and then they drop it. that's got to change ultimately or else i promise you, or else. melissa: yeah, scott, i mean, that is always the cry, it's always there and it's always meaningful. we just spend like there's no tomorrow, like we've got a printing press in the basement. oh, wait. >> we did it for free. historically low interest rates have let us basically borrow for free. the fed came out and talked about interest rate hikes and that means the cost is going up, my friends. melissa: president trump calling out members of the u.n. he says they're not paying their fair share. their fair share. does he have a fai (honking) (beeping) we're on to you, diabetes. time's up, insufficient prenatal care. and administrative paperwork, your days of drowning people are numbered.
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22% of the entire budget and more. in fact, we pay far more than anybody realizes. melissa: president trump not mincing words this week, calling out u.n. members for not paying their fair share. scott, is it fair that we pay nearly a quarter of the entire budget? >> melissa, isn't that a lot to pay for one voice, one objective that we get in this whole u.n. organization? listen, the u.n. sense it's creation has done great things for the world, but i think the world has almost outgrown the u.n. and comments from the u.k., theresa may talking about withholding from the u.n. because they want them to be more efficient and less kickbacks and less waste and that's what we should see let's get the u.n. more efficient and working in our interests if we're going to continue to support it. melissa: it seems like their strongest move is scolding israel. we pay 22% of the budget for
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that? >> no, absolutely not. i mean, i don't know the figure, i'm not in a position to be picking we're spending on and what we're not. ap my issue with the president, and when he said n.a.t.o. members should share. only thing he seems willing to attack is our allies and these important diplomatic relationships. and we could save money and efficiency and saving. and we need that at home. remember the coburn waste book. but when he uses the podium and staring the people in the face and using time for that, i'm not sure it's the best venue and time for it. melissa: i think it does work. we have video of that exact incident that jessica is talking about. they're snickering at n.a.t.o.,s as the president is standing there and telling they don't pay their fair share. after the snickering and
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whispering to each other and no doubt making insults about the president's hair. sure enough they started kicking in more money. it worked and it will work at the u.n. as well. gary, what do you think? >> forever the three words have been, four words, actually, just cut the check and that's all we have been doing with everything. you look at the climate change deal, also, we're cutting the check for everybody else. it's got to stop. it's called accountability in government, but not accountability for them, it's accountability to us. and verizon in the last couple of weeks decided to cut $10 billion out of their spending telling each department you're starting from ground zero, you have to prove to us you need the money and for what the specifics are. that's what we should do on government. good on trump and i have no problem doing it out at the u.n. in front of n.a.t.o. melissa: that's the thing that drives me bananas about
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government. it's common in business, you miss something, cut cross the board. nothing like that ever happens like that in government. >> because we have the endless support of the u.s. taxpayer as gary talked about, tens of trillions coming into the government's coffers in the next ten years or so. melissa, nothing wrong with donald trump saying, guys, get more efficient. if you want our support, we're happy to give it to you, but you've got to have some accountability, if you want our money because they need our money and they need our support to continue the efforts that the u.n. wants to make which i totally support. we need them to try to continue to improve. melissa: that was the rest of that sentence when he said we pay 22% and in all fairness, it would be worth it if you just did what you said you're going to do. >> yeah, and this is a common argument against all huge institution institution institutional s and bureaucracies. i cringe a little and it's not just the democrats, but the
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republicans as well, that people are concerned, for instance, about budget cuts to the state department, for one, right? these are funds that we need to continue our diplomatic efforts, you know, we are the largest provider of aid. that's something that's important and in the national interest, and the international interest and we are to a certain degree, i know it upsets people, the policemen of the world and we do want-- >> but that is not where all of this money is going, gary, right? there is so much waste, fraud and abuse in every single department. i don't care what their mission is, i don't care what they say they're doing, everybody could cut redundancy, waste, fraud and abuse. what do you think, gary? >> this past year we will send local, state federally over $6 trillion, $6 trillion of our hard-earned dollars to government. you cannot simply tell me that they don't have enough. the problem is, the greatest bull market in history is in government spending. it never goes down it goes up every year d i ask t question why. and wre is that one person,
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two person, three persons in gornment looking this over and saying, wait a minute, somebody has to represent the taxpayers. enough is enough. i think it was coburn that every year comes out with this book. >> yeah, i must jenninjust ment. >> and it's almost comedy what they're spending on. we should be crying about it and it should be used efficiently. melissa: we all cry about that, don't get me started this is why president trump was elected. coming up, another leak reportedly coming from robert mueller's special counsel in the russia probe. if the leaks don't get plugged, should taxpayers pul you each drive a ford pickup right? (all) yes. i'm going to show you a next generation pickup.
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>> a new leak from the special counseling in the russia probe. this week we learned that president trump's campaign manager, paul manafort, was reportedly wiretapped both before and after the election. scott, these kinds of leaks are illegal. if they don't stop, should taxpayers stop funding the special counsel? it is against the law. >> yeah, it's against the law, melissa. these leaks are terrible. most of them typically negative, in fact, if you look at the makeup of the counsel, look at political contributions, they tend to lean quite democratic so i guess i'm not totally surprised as an american. it's to get it out in the court of public opinion and basically have the american people pre-judge the investigation in a bad way so maybe if something actually good comes out the
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public says we already figured that trump did something bad because the leaks came out and they were bad. melissa: this leak vindicated the president, he said there was wiringtapping. >> he said he was wiretapped president obama-- >> he could be on the tapes. >> he said that president obama wi wiretapped. and paul manafort. when it began clearly nothing to do with donald trump, it's the fact that he is shady and had dirty dealings. melissa: does it make it okay to wiretap him? >> we don't take those decisions, through the courts-- >> before and after the election. >> president trump was on the apprentice when paul manafort was originally wiretapped. it had nothing to do with president obama. maybe the ag knew. melissa: so it's all okay. >> is it all okay that paul manafort. melissa: you're not answering,
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you're dodging. >> i'm not dodging. >> so something good makes it bad. >> was not personally wiretapped. picked up in conversations, that's what happens on wiretaps. melissa: gary how do you think it plays in the court of american opinion. >> let's talk about leaks, it's not done by accident. it's to move the needle on witnesses. hoping that manafort has something on the president and maybe something comes out. and the bottom line is unfortunately, as a taxpayer, we have no say in the matter right here. this guy, mueller, and his people are going to be at it for a very long time. i think we're going to be here this time next year probably talking about it. they are determined, they're hiring people that are on the left, anti-trump, anti-republican and god only knows where they're going to head with this. i think a lot of heads are going to roll, unfortunately. and it will play out over a long period of time and it's going to keep us thinking and talking about it.
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melissa: i mean, scott, you know, there's lows on both sides. the wiretapping thing and at the same time read the financial records what they're looking into for paul manafort, it does not look good. >> yeah, and jessie found a way to turn that into a negative. >> it is negative. melissa: hold on, go ahead. >> hasn't this been enough time? all the technology we have available today. gary is right, if we're talking about this in a year and they've started these fires and can't find anything real, isn't it time to give up, come on. melissa: that's kind of an argument for not shutting down the investigation because of the leaks. because we want them to go to the end and get it over with, finally, no, jesse? >> absolutely. i think it should go to the end. leaks are problematic, disturbing, whether it's the president, national security officials themselves do their jobs officially. i'm against leaking in that way. i take issue with what scott
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said initially because there are a bunch of republicans serving on the probe-- democrats. >> democrats. >> they can't see fair -- i know. that they can't be fair to president trump. >> they can't be fair, no way they're going to be fair. >> really? so-- >> bad things happened already and they're going to go after it. >> because they're mad hillary clinton-- >> people have more integrity than that. melissa: i don't know, i wish they did. coming up, keeping your money safe as tensions rise with north mike and i are both veterans, both served in the navy. i do outrank my husband, not just being in the military, but at home. she thinks she's the boss. she only had me by one grade. we bought our first home together in 2010. his family had used another insurance product but i was like well i've had usaa for a while, why don't we call and check the rates? it was an instant savings and i should've changed a long time ago. there's no point in looking elsewhere really. we're the tenneys and we're usaa members for life. usaa. get your insurance quote today.
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>> welcome back. it's time for fox on the spot. jessica, let's start with you. >> i think that the g.o.p. health care bill is going to fail again. melissa: oh. >> you want that thing? that's your prediction? yeah, it's going to fail and it's interesting to see what they're doing now that they're offering lisa murkowski exemption and saying your state
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can keep obamacare and she said before she wouldn't deal that way and i'm hoping the ladies hold tough there. melissa: scott, what have you got? >> kim jong-un's bad attitude continues in north korea, it could affect your portfolio. hedge it with gold. gld is the symbol. melissa: gary. >> equifax stock, 143 million hacked. and i think it's higher and-- >> my mom said have them check my credit and i said didn't they get hacked, she said yeah, now they're extra vigilant and i trust them, i don't know if she's just-- >> wow, scott, what do you think of that? >> i wouldn't trust equifax as far as i could throw them and i can't throw far anymore. melissa: thanks to our cashin' in crew for joining us. that will do it for the cost of freedom business block. glad you were with us, have a
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great week, america. i'm see you on fox business, and that's my partner, david asman 4 p.m. eastern, don't miss >> i'm bob massi. for 32 years, i've been practicing law and living in las vegas. i help people with all sorts of real-estate problems, from trying to save their homes to closing major deals. eight years ago, 6,000 people a month moved here, looking for employment and affordable homes. little did anyone know that we would become ground zero for the american real-estate crisis. now, it's a different story. the american dream is back. we're gonna meet real people who faced the same problems as millions across america, and we'll dive deep into a city on the rebound because las vegas was a microcosm of america, and now vegas is back. [ woman vocalizing ]
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