>> they are many, and obama start, the economy is getting better. >> interesting stuff, thank you very much. that is it for forbes, have a wonderful weekend, thanks for watching, keep it here, the number one business continues. >> congress has reached an agreement on tax legislation that will deliver more jobs, higher wages and massive tax relief for american families and american companies. >> the class worker debate after the gop releases its final tax reform bill. and and welcome to cashing in. gerri willis, scott martin and

david mercer. >> these democrats lost their minds. this is not a giveaway to the rich and let me explain they are doubling the standard deduction and the family tax credit. the people getting killed here are fairly well-off in those blue states, top middle and, high middle income people out there getting their deductions reduced. this will hit them big time. they are talking one scenario. and what corporations are going to get. we will see great growth because of this tax plan. >> people i pointing out on both sides one issue, these cuts are permanent for corporations but

end up, they are temporary for the individual. that is tripping up some people the way they look at this saying i am all in. >> i completely dislike that move. i went permanency for everybody, the people that drive small businesses, the economy, that has been going on for decades. i wish he would do something about it, don't know if they will. and they should lose some things, people in high tax states, and getting a tax cut. i want to see more on the personal side but i am not running the show. >> as we look at what americans think of this. the quinnipiac poll, this was released before the final tax bill put before the american people. 55% of people disapproved, scott

martin, that is pretty normal. >> most people don't read the bills either. one of the themes to me is when you look at capital and taxpayer money, where is it best treated in the hands of? in the businesses, the individuals. to a lot of the points the panel made is give and take across the brackets but especially on the high end because if you look at how they treat pastors with respect to how they are classified, the pass-throughs, people are losing favorable tax treatment and that is not getting talked about. it does typically heard the wealthy, a benefit to the middle class and lower income classes but nobody wants to talk about it because that is not a popular

thing to say. >> we were told by this administration this tax cut would pay for itself. that was a misleading if not fabrication, the idea they want to call this a middle-class tax cut when as we already heard they are making permanent the tax cuts to corporations, the middle-class, sorry, that alone is temporary. in the latter part of the term of this tax-cut you will see your taxes increase rather than decrease but corporations will have their permanent tax cut that will supposedly trickle down to you in wages which we all know to be a falsehood. >> are you saying obama and schumer are wrong because obama was for corporate tax cuts and last year chuck schumer said he

wanted to join corporate tax cut so all of a sudden we have believable expediency the corporate tax cuts are bad, bottom line is corporations need to be in line, can't have island at 13%. >> if i might respond, democrats are for tax cuts, and they have been -- if i let you speak please allow the same. at the same time we can't go with a tax cut, under the banner of the middle-class tax cut when it is not a middle-class tax cut, that doesn't mean we are against corporate tax cut but why are you making there is permanent and hours temporary? >> gerri came out swinging here. corporations do get a nice tax cut. >> corporations -- they employ

people. 14% tax cut, 14% tax cut and you will see some of these go out and hire people and expand and bring money back into this country under tax reform, lower tax rate on that they will buy capital equipment, this is going to kick this economy into a gear we haven't seen in i don't know how long. using what they always say, the rhetoric they put on the table and it is tired and not accurate. >> it is accurate to say what we have been doing hasn't helped boost us above 3% growth, got to try something different, this is different but one part we haven't seen before is tax cuts and how people use the money. when george w. bush gave a tax holiday for big corporations to

bring money offshore which is what this has they did not use it is everyone anticipated to build plants and start hiring, they put it in shareholders pockets which tend to be wealthier people and laid off thousands of people. >> that could be an economic realization that was part of what was going on it the time but you are right, you need companies to cash, can't force them to hire but the first part of your question, eight years of the obama presidency was focused on lower income, middle-class policies with respect to tax policy and so forth is what happens? the income gap got very wide. those didn't work. i don't think you can see something like this which is a new try, isn't something we should give a chance to because if you look at corporations and who they are hiring and where they are spending their money that does benefit the middle-class, people coming into those jobs that we need to

create in this economy. >> nate sat with business leaders, asked for a show of hands, and back to wages. and the problem of deficits, reagan who we might want to remember raised 11 taxes because of the hit to the deficit and other economic wishes that did not come through. >> tax cuts in the nation's history, quickly, one of the secret sauces in his tax reform plan, and big benefits. it will make a big difference and that is where a lot of this economic energy can come from. >> we hope we see it after a big terror scare in the big apple, isis calling for more attacks

over the holidays. do we need to beef up security to keep shoppers safe everywhere? ♪

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>> america on alert as isis calls for its followers to step up terror attacks over the holidays in the wake of the attack in new york city some are calling to increase security everywhere to keep america safe. nypd has access to 6000 surveillance cameras. where else do we need to spend more? >> everybody has got to do it.

the start in silicon valley with tech companies keeping an eye on what is going on. also you and me on the street. one thing that is tough these days but is getting better is the idea of profiling. think back to the san bernardino shootings and neighbors they didn't want to report what those two terrible people with were doing with respect to the garage and stockpiling weapons because they didn't want to be seen as profiling people but it is not worth fear and death out there, trying to keep an eye on what is going on around you and if it is questionable, the preventative measures you can do is definitely worth the destruction and terror we are facing. >> for the bomber in new york city this week, he had fashioned his own bomb in his house and our reports that his family said they -- he tried to use them as a target to radicalize them. maybe it is just speaking up to somebody in law enforcement that

has the most power. >> you need communication, intelligence to for what these terrorists are trying to do and domestic or otherwise, we should be on the lookout for security 24/7 and i would recommend as a solution that rafter and creating an environment of distrust or hostility we see apparently with this president and all our intelligence agencies, we need to upgrade, revamp and have them totally vigilant in that 24/7 mode to couple with what we hear in the streets in the sporting these attacks. one thing i caution, terrorists want to instill fear and inflict harm. are we going to live in fear to protect the latter? that is a big question for all of us in the future. >> we are less two week until

christmas. what do we need to do in the short term? >> our political elected official need a new tone particularly in new york. andrew cuomo came out and said it is new york, we are a target and he shrugged his shoulders was we have to be vigilance, we have to be watching. i give kudos to law enforcement here but they need help, they need money, we need more people on the street. nothing so dissuading to terrorists and cops with guns on the street and movie theaters, here on broadway, you see a broadway show you don't think people walking in those doors aren't anxious? we need that help and surveillance. they work so hard for so long it must be exhausting. they need more.

>> a broadway show two nights ago they did bag checks. give me your sense of where we stand with law enforcement and all surveillance cameras, certainly helpful but helpful in the aftermath. >> they do a magnificent job. i was in new york city and spoke to a lot of officers, they are working their tails off. it is a testament to them that most people are caught. it is very tough to stop a guy in his house and off the internet. i am in orlando, wherever you go in new york it will continue. the cost of not doing enough is bigger. and better technology. >> i am tired of this pc attitude where somebody might

get upset, and say something to a law enforcement official and they are not doing anything wrong but acting weird but it is all about being like gary said a lot more preventive. maybe the pendulum to swing further to that side because prevention is the key to keeping us safe. >> to clarify, thank you for that, i was not trying to direct at that, it was upgrading our intelligence apparatus to capture before it happened. >> the pc issue is touchy and about the regret, somebody out there has today, where they didn't say something and something horrible happened. should have said something. doesn't mean you have to target everybody but i agree with you that it is important, a huge thanks as we go into the holiday season to law enforcement. they run to the danger when

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now back to cashing in. >> debt relief this year as he heads down the chimney, a shocking new report from the wall street journal says 5 million americans are defaulting

on their student unions they were behind four years ago. is this the next bailout we need to worry about in 2018? >> when you talk about these americans, not just out of school, it is mom, dad, the whole family. we are already bailing them out. billions of federal dollars bailing them out on forgiveness program, what the system needs is discipline. they keep up tuition to the sky, and think of it this way, people will not pay $4 for a gallon of milk, four years, that is fine. >> it is low, scott martin, 62-year-old people who are still

paying off student at. >> the horse left already on this one and college costs. and the correlation is out of control and the fact that college costs are crazy and colleges have to be responsible, graduate still living with mom and dad, living in the basement, not getting jobs, colleges have to be responsible for helping these kids get jobs. >> the new year, covering this for so many years we kept thinking almost 1 trillion, we haven't seen taxpayer led bailout, not that we want to. >> looking at $1.4 trillion debt

load, watch bubble burst, there were policies and solutions available to us, large percentage of that $1.7 trillion, or $4. trillion, the bogus loans for nonprofit or profit colleges that should not be paid on. >> yutaka at the university. >> people in washington talking the loans should be forgiving and things should be free going forward,

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>> welcome back, let's start with you. >> i will commit, tax reform

passes, i believe it. >> to discredit mueller or his investigation will fail. he provided or insulated, if mueller was removed, flynn would still have to aid in state investigations that are not pardonable. >> cash was so 2016, credit card things so 2017. paypal is a friend of your portfolio in 2018. >> there is a thing called self lefting, 20% of people buying things for themselves, what would you buy for yourself for your portfolio? >> costco came out with gargantuan numbers benefiting from the internet fighting against amazon, 20% the next

year. >> salsa by the gallon, thanks, all of you. thanks to the cashing in crew and you for joining us, that will do >> lou: good evening, everybody. you remember the senate seat that was so important just a day ago? it seems that the nation survived the upset and election of the first democratic senator to serve alabama in 25 years and now the swamp moves on and quickly. will the republican leadership deliver on tax reform that is important to the prospects of the midterm elections and will the gop succeed in stopping the dem's effort to stop down the government or will they aid them in the effort? and how about robert mueller and the tel