important picture that the trend is a long-term investors' friend. that doesn't mean that markets don't matter. just being patient about them matter much more. hello, everyone. i'm eric along with kimberly, juan dana and greg. it's 5:00 in new york city and this is "the five." so yesterday the house voted do repeal the estate tax. president obama threatened to veto that legislation and, as usual, is making hardworking americans the bad guys. >> they are also pushing a new $270 billion tax cut for the very wealthiest of the wealthiest. it would affect about 5,000 families all across america for $270 billion which is the cost

approximately, of the tax breaks that i'm giving to 44 million people. their plan would cut taxes for the top one-tenth of 1% unless taxes go up on 25 million families and students. and my view is we don't need tax cuts for millionaires and billionaires. i don't need a tax cut. >> so you work your whole life, build up a few assets or a successful business and president obama and the liberals think they are entitled to steal a huge chunk of it. i wonder where he got that idea. >> if you've been successful, you didn't get that on your own. if you've got a business, you didn't build that. somebody else made that happen. >> so president obama like the gec gekko of government. >> why on earth do politicians

think after you work your whole life they can steal 40% more of it? >> well, partly because the government has to continually be fed. if there was ever a reason for tax reform, it is not just this one but this whole month, when everybody is working feverishly to pay their taxes, the date this year was april 18th everybody works from january 1st to april 18th all of that money up until then goes to the government and then you get to keep the rest of the money that you're earning. i think tax reform is the answer and so is economic growth. that's the most important thing. the more growth we have in the economy, the better the treasury would be and the better workers would be and the more money people would have to invest. >> i'm sorry. that's money that's already been taxed. >> yes. >> they've already been through the ringer once. >> it's double-dipping.

this is how wrong president obama is. if it's only a few thousand families, so why should you care? if it is only 5,000 families, why should you care? it works in the reverse. why should you care? why are you doing this? 22 billion every year why is it a big deal? it is. the reason it's specifically focused on a small number of people, there would be hell to pay. we know it's theft. what he's counting on is the pettiness of human envy that people will say, i agree with you, president obama. that's not me. his philosophy is, if it's not you and it's them, who the hell cares? he's preying on the sickest part of humanity which is they are rich screw them. you can do that to anybody. >> you know sometimes these businesses, the owners of these businesses that have been in the

family for years, they put all of their money back into it and when someone dies and they want to leave it to an heir, they are charged 40% of the value. in the case of farmers, they have to sell farmland. >> because they are farm rich but debt poor. >> if i keel over -- republicans are looking after it. that's a good point, greg. i think you're onto something. i don't think it's about the 5,000 people. these are people -- you know, the the only time you pay this is 5 million if you're single and 10 million if you're a couple. less than 5400 couples -- so it's less than .10%.

>> what difference does it make? >> because if you take away that revenue, kimberly, you cannot have -- you have to find that money from the government for somebody else. >> i was right on principle, argue the principle. >> the principle is -- and this is really what interests me -- is that i think that people who earn money should in fact be able to give it to kids and all of that. but at some point you do have to have a cutoff. we shouldn't be supporting the paris hiltons and say, the middle class is going to have to work harder to pay more taxes but you, paris hilton, you get all of that money. take it all. >> that's punitive based on envy. it's punitive. i don't like paris hilton because she's rich, take the money. >> no no, no. i believe in america that, eric you, dana and i, get out there and hustle.

you have smarts. you have advantages from birth. you don't have to get billions and billions -- >> one thing president obama said there what did you call it? it's a revenue flow or revenue -- >> it's not revenue. it's taxes. those people earned that money themselves. >> and it's punishment for families to say we're going to single you out because your family has been good at making money. it's not a good enough reason to say we are not going to do this because we don't like the paris hiltons of the world. tell me why it's a good policy and why you think it's better that the government can do a et abouter better job than might open more businesses or employ more people. why is it okay to penalize hardworking families like farm families, they have land value appreciation, farm equipment and a lot of those families fall into this group. and then they can't continue on

with their family business. that's a real example of who this impacts in america today. not paris hilton on a tractor. >> all right. let me just say, because i'm really taking this quite seriously -- i appreciate what you're saying. >> thank you. >> i looked and said how many farm families have to really pay this tax? because what i was saying to eric was it's a small -- it's less than a tenth of a percent of americans have to ever pay this tax because it's 5 million 10 million if you're a couple. it says 0.6% of farmers have to pay this tax in 2013. so we're not really talking about -- >> but that's because not enough farm people didn't die. is that the problem? >> it's class warfare. pick on the wealthy because their an easy target. so many people don't have that stature. >> but doesn't the government have to support itself somehow? >> i don't think the government deserves to take money from the dead. this isn't about expanding government. this is about creating in a

sense, more division. it is a great thing for an election. right now you've got four people here defending really, really rich people. the less loves that. if they can get a politician. >> i think the principle that really bothers me is the fact that it's double taxed and that's the problem. if the government wants to be honest about it, then try to pass a bill mr. president that would raise those taxes on those -- on the income taxes while they are living. if the ribliberals want to try to capture this money they should get it from the living but they are not doing that. >> the liberal mentality is that everything belongs to the state. >> right. because it's entitlement.

really, why don't you just leave us 1% and we can live off of top ramenevery day ramenevery day. i want to make sure that you and you and your family can get good at getting the green too. let's do what we can to stimulate the economy. let's not penalize small businesses. people say i can't afford to have more employees. that is what is wrong with this thinking. it's pathetic to say i just want to punish the rich. there's no good sound economic principle behind it. >> a friend of mine once said any time you need a job, who do you ask? you ask someone who is rich someone who own as company or providing in our society a capitalist. so i'm a capitalist. i'm all for it, kimberly.

>> i feel for you. >> when i live in a country where we have increasing levels of poverty, even as we're doing better these days, we have high levels of poverty lots of people on food stamps, we've got military in need and sequestration. >> but somebody has got to pay for all of this. >> you honestly think that taxing these families -- that's not what it is about. it's about pouring more money into the government because they can. >> government is incredibly valuable. i actually believe in paying taxes. but this is about making the republicans look evil. the more that we can sit there and defend -- i'm defending a principle. i'm not defending the rich. >> i think you're onto something. i appreciate this argument. so you're defending the principle and not the rich but yesterday what we saw in the house was republicans said we're

stealing from the rich. why are republicans doing that to themselves? >> well, stealing from the rich that's true. but you are actually taking something that has been taxed. that is actual theft. if this person who spent 30 40 years of his life and working and paying taxes and dies and then a guy shows up and says, i want more. he's stealing from the dead. >> technically stealing from him while he's living and then a good portion of it when he dies. dana juan points out it's only a small percentage of households but it's a very small percentage of what we spend a year. >> very tiny. the other thing is you have to think about farms -- just think of farm families, for example. i realize it's a small number but do you realize how many farms are shrinking in america? it's so important. the corporate farms are one thing. that's how i understand there's a whole argument against that. i grew up in a rural environment. that kind of upbringing and the

values that you learn that those people work extremely hard. they work harder than anybody i know. they have to work hard and pray that there is going to be enough rain and sun and the crop is going to come in and calves are going to be born. to tax them twice is unacceptable. it should be unacceptable in america. farm families deserve more support. thank god we have the government that we have so that farm families are actually represented well rather than the coastal greed attacking them. >> god bless our farms. >> thank you for ending -- >> on that note -- >> you look like you've been farm fed to me. >> yeah. up next gweneth paltrow went on a food stamp budget for a week but she's back to eating like a celebrity after throwing

in the towel after four days. her food stamp fail just ahead. tt8fq@q:)q1m-[f=/p2!a>l

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the obama administration has been telling us that isis has been pushed back in iraq. >> critics have made a number of claims regarding our policy in iraq. we read that isil remains in a commanding position inside of iraq. that they are dominating iraq. there's just one problem with these critiques. the claims do not reflect the circumstances on the ground. they don't reflect the progress against isil. in complete, and significant and

growing. >> but the group is closing in on the western city of ra maudmadi. >> the city itself is not symbolic in any way. it's not been declared you know, part of the caliphate on one hand nor the central to the future of iraq. the future here is not brick and mortar. it's about defeating isil. so as i said, you know, i would much rather that ramadi not fall but it won't be the end of a campaign should it fall. we've got to get it back. >> jack keen disagrees. >> he's just flat wrong here. i mean, symbolically, ramadi matters. it's the capital of the largest province in iraq. it's the major sunni province in iraq and we cannot reclaim iraq or have a stable iraq politically without participation, this suggestion that we could lose their capital

makes no sense. >> kimberly, you think the administration is not playing it straight? >> well, i mean, either that or they are just sleeping in too much, not reading the intelligence report. at a certain point, the other thing is perhaps they are confused because they keep calling it isil because we're calling it isis. this is just a big misunderstanding uncle joe. i'm with the general on this with jack keen. this is very serious. the fact that we could be losing a place like ramadi which is key and integral to the region should be alarming to the administration and there should be immediate and swift response. otherwise, we're stepping in after the fact and that's not good enough. they are gaining too much ground when we should be pre-empting this and be far more strategic about it. >> don't you get the feeling greg, that if isis had already captured ramadi and u.s.-led coalition forces were taking it back, that the spin from the

administration would be that we are retaking a key post? >> yes. exactly. the other thing, too, is symbolically it means something because american servicemen died there. that makes it very symbolic to the families of the lost ones there. if isis is truly the jv team, hurricane katrina was a spring shower. whenever president obama and his administration hears about isis, they lose the oxygen which matters to them most, which is climate change. when he was talking in italy he was -- he spent a lot of time on climate change. if we could hypnotize president obama and say that isis is a gas-guzzling suv this war would be over. but this is what happens when the most powerful nation takes their eyes off the road. it's like the dad more interested in the kids fighting in the back seat. >> you're so right. this is the key. he has to be hypnotized. >> yes. >> i'm not kidding. that may be the only hope.

we just have to tie up valerie jarrett for a second so we can get this done and spin it back around in the right direction. >> i've been wondering, eric if maybe we should give the administration a little more time because they say that their strategy is working and that they need a little bit more time to make it work. i'm trying to put myself in their shoes and be generous. >> apparently they pushed the territory back by 25%. the concern is ramadi is right in the middle of iraq. now, they are also -- isis -- baji has oil refineries and they are holding them back but not so sure about ramadi. ram mad ramadi, everything happens from the middle out. it's all land and wide open. we really have to draw a line at ramadi. if they go south from ramadi,

that's where all of the oil is. where 2 million barrels of oil a day are produced and access to the persian gulf to sell the oil, there's the picture right there. that's towards the southern gul f they have to draw a line through the middle of the country and say no isis below this line and hopefully they are. >> not a red line. they are color blind to red. don't see them. >> what would you suggest that the administration try to do to ask the american people for more time before they start thinking that this is something that the administration doesn't have a handle on? >> well i think that the administration clearly has a handle because the united states, our powerful military, could wipe out isis. >> and why doesn't it? >> because what you are trying to do i think is assert the idea that iraqi forces should control their own territory and make sure that that military is together enough to -- >> so we're allowing isis to

grow like a cancer because we want to wait to make sure that they can do it themselves? >> no. i think what general dempsey said was, in fact, we are pushing them back. they are having some success in tikrit. but even there we think -- the united states government thinks that the iraqi forces are able to push them back. the key point that eric was making is you want to make sure that they don't get access to the oil because that would allow them to have revenue to grow. >> why do we let it get to this point? >> thank you. >> we could with our air power. >> you wouldn't have iraq standing on its own feet and my argument is we don't want to be in the nation building business. >> so what is this, now we're in the tough love business? is this going to hurt me more than you, iraq? come on. step in. do something. god. >> fighting terror should not be conflated with expansionism. we're not buildings nations. we're just killing creeps.

>> greg come on back. greg, we can use you again, greg. >> a lot of people would do it. >> maybe we shouldn't have done it prematurely. >> that's the problem. the stakes are too high to lead this to an experiment. anybody knows that this is the worst group isis that we have ever faced in the middle east. so get real. >> until iran starts something. >> yeah. >> okay. on that note we're going to go. she new a camera was going and she kept going anyway. an espn reporter is suspended now after her tow truck rant. you're going to see that next.

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at a parking lot attendant. >> i'm a news reporter and i will sue this place. >> and i will play your video. be careful. >> do you feel good about your job? so i can be a college dropout and do the same thing? why, because i have a brain and you don't? maybe if i was missing some teeth they would hire me huh? oh like yours? because i'm on television and you're in a trailer, honey. lose some weight, baby girl. >> she says she's going to learn from this mistake. egg. >> you seem to have anger management issues. >> this is going to happen to all of us. when i'm drunk and they are out of bacon, god knows the things i say. this is what happens,

bureaucracy changes your brain chemistry. you lash out at the person in front of you. this happens thousands of times a day at airports, the airline employees at the gate are faced with people like this all the time because people get angry even if somebody is saying you can't get on a plane because you could die there's a storm out there you can't go out but you blame them. when you're faced with a human and no options, you become a horrible, horrible person, which is why my solution is robots. robots solve everything. you can't scream at a robot especially if it's an adorable robot. >> i see your point. >> do prison guards deserve the abuse that they get. they didn't arrest that guy or cause them to commit the crime. but because they are there, they get the abuse. >> robot prison guards, too. all right. eric, has this ever happened to you? you're a big car driver? >> you know what happens though -- she got really mad and

averted to that natural instinct behavior. >> primal. >> primal. right. >> think about road rage for a second. when people cut you off and you go at it but i think she went -- yes. do your thing, yell at people call them whatever you want but when you start -- missing teeth and just trashing people the way they look -- >> physical appearance. there it is. >> it's kind of gross. i have to be honest with you. i don't think i would do that. i'm pretty sure i wouldn't. >> i'm surprised that espn's decision actually. she wasn't on the clock. she wasn't working for them. i realize you represent whoever you're working for and i hope i'm never caught in that position. >> i wait for that day. it probably already happened. >> i'm kind of surprised that they suspended her. it really had nothing to do with espn. >> it depends on her contract and they can loophole it under a morality or behavior contract.

it's probably some loophole like that ya? >> i want to know, when can i get angry? >> that's a great question. >> i don't know when i can get angry. i can't even do anything that someone might misconstrue in the wrong way because i'm here at fox. so i know -- it's not always the right thing to say but i'm very sympathetic to her because i happen to live in this jurisdiction and i live in d.c. right next to virginia and these towing companies can be abusive. >> apparently this is pretty bad. >> and gregory mr. sympathy for airline employees, i like airline employees but, guess what, they will tell you in an instant, crazy things, like you have to stay on this airplane on the tarmac for eight hours. why can't we go back to the gate? either the gate is occupied or if you get off it's going to take too long. i get to sit here for eight

hours. i don't realize the reason they don't go back to the gate. they pull away on time and -- >> but is that right to do to me as a human being? >> you can get mad at peter if you want. actress gweneth paltrow was going to try to live on a food stamp budget. she posted this picture, $29 worth of groceries. paltrow failed at being poor because she gave up after four days. can you believe this? >> i was just going to say, she failed because she was actually eating the food stamps. >> oh, because she heard they were microbiotic. >> did you hear that she broke it to eat licorice? >> it's quite alluring. >> okay. go ahead. >> i'll throw this in very quickly. this stupid food stamp challenge is really, really -- it's severely flawed, first of all,

s.n.a.p., supplemental nutrition program, it's supposed to supplement your food. >> i might die. a kale situation and cabbage patch rabbit. okay. anybody else? no. next, a proposal -- she's good. next a proposal from greg, growing intolerance on america. making a fist something we do to show resolve. to defend ourselves. to declare victory.

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without a doubt you are the dirtiest [ bleep ] i have ever seen. >> i think definitely snoop used them all. we are done. >> for my 21st birthday i got my [ bleep ] kicked in. >> it was racist and hurtist. in short, if any of this stuff had been said on campus, the speaker would be shamed into oblivion. the roast is the last place you can defend the opposite of this. >> what do you have to say, huh? >> campus driven militant sensitivity spreads and the roast has become the relief

valve which drives speech out. it's just like prohibition. if you replace booze with words, you now have speeches made in secret bathtubs and illegal bars back then were called speak easies. we need that for language. places where we can say anything to anyone present to get angry. if you are required to be mean and heartless and crass, it's not about saying stuff to hurt people but being able to absorb things that are said to you in return, to thicken your skin and develop muscles to slink it right back. no student on campus is going to be able to survive the real world until they learn that words are just words. it's language banning lunatics and cowardly ak democratcademics, for brave students to reverse the course. if it doesn't happen soon, forget roasting bieber. truly then the terrorists have

won. dana, i introduced a speech in iowa and there are 50,000 speech-easies. it's amazing. that's a lie. i don't know. there's maybe two of them. where am i? >> but i like your point. >> thanks. >> and one of the things that we have seen that we talk a lot about on this program, is the concern about words. >> yes. >> words are not violence. >> no. >> but they have been equated and especially on campus i don't know what happens when these people on campus end up in the workplace. you really do have to toughen up. the things you're saying when we're walking down the hallway. >> commercial breaks. we have them right here. >> you wouldn't believe the things eric bolling says. just kidding. >> everybody. >> not me. >> juan? >> yes. >> juan you have been known to

frequent campuses sometimes late at night. don't students need a gym for their skin? they need to toughen their skin. >> yeah. i think -- listen i'm sitting here and i think to myself if i can't handle words, i wouldn't have this job. the idea is that you have a capacity for critical thinking to respond to people effectively and you've got to take what comes. you can't be a chump. >> and also, sometimes let things go. >> well hold on mr. williams. aren't you one of the guys who says the community using the "n" word is offensive? aren't you being hypocritical on this, then? >> no. listen, that's not thought. that's not you coming to me and saying i disagree about the death tax. >> but that is hate speech, in my opinion. >> the "n" word? >> yes. >> it's a gimmick. >> you know, maybe. maybe. >> wait. why is that a gimmick? >> because it allows people who believe -- who say they believe in free speech a way out.

wait, that's hate speech. it's actually speech. you by he get it. you can't yell fire in a theater but this isn't that. i mean, i understand. the "n" word is offensive but i don't know -- i guess that's not what i'm talking about. i'm talking about ideas -- >> it's racist which i think is different. >> it's not racist. the way it's used in music, it's not. >> it's stupid. it's stupid and demeaning. but i think your point is, it's not about being intentionally personally insulting, eric. it's about exchanging ideas and going at it. that was personal. >> i think you're being inconsistent. >> on one hand you're saying, we should get a thick skin and listen to that kind of stuff. unless it's the "n" word. it's a hate speech. >> it's contextual, people. >> let me ask you kimberly. without debate or discomfort, there's almost no growth. if you're on campus and you have

one ideology and there's nothing to challenge your beliefs, you become weak. >> well i don't know. maybe. not if you're a winner in life, greg. i don't think you can let somebody else's words -- whether they utter them or -- i was on speech and debate too. and i brought my argument and my comments and i didn't feel it was valued or devalued depending on what the person next to me was uttering. >> right. >> i brought my game, they brett better bring theirs. >> the best part of college was being there, having discussions that you're in a place where you could express yourself and they could express themselves. my favorite class was my political science teacher in college. we would have big debates and i loved that. >> you sent me an article, before we go, by a professor who said that on campus professors spend less time engaging with liberal kids because they figured they are already fixed and more times debating

conservative kids. so the conservative kids actually get better education while the liberal kids are just happy believing in what they believed in in high school. >> right. they can't grow. >> they are a chia pet without the hair. >> yeah, buddy. >> chia, chia. >> where did that come from? up next, could this man save the world? david hasselhoff is back.

if any of you are hoping to relive the '80s, well it's over. david hasselhoff is back with a new music video and, baby it's something. ♪ ♪

♪ >> wow! >> you know you like the robot stuff. >> i'm saying that's why gutfeld is just goo-goo-ga-ga over this. he thought it was a brilliantly produced video. those are your talking points. >> but it's a great throwback music. you liked that song? >> this is fantastic. he hit every single trope and nuance of the '80s. it tells you how old you are. i grew up in the owe'70s and '80s as a teenager.

you had "grease" and la vern and shirley. you have nostalgia. i should be in a home. >> he's an amazing -- he's a great singer. >> he's huge in europe. i think he's the number one act in germany. >> why? >> interesting that you would know. you would know. >> but you know what -- >> little odd one that you are. >> i'm surprised. everyone on the panel says you really love that. how could you not? >> you know what that means? >> what? >> he really loves bolling. >> no you liked him because he didn't have his shirt on. >> oh is that what it is? >> she loves it. >> i mean, you do look like him. >> did you guys have this planned the whole time? >> wait.

like "baywatch," that was quite a show and for some of the reasons that i think you like -- >> hasselhoff? >> no. no. >> all i've got to say is, juan you really get the great segment. >> well thank you. what was the theory of "night rider". >> kit. >> that was the video here. >> one more thing coming right up. >> you just figured that out? tt8fq@q:)q1m-[f=/p2!a>l

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time for "one more thing". >> juan did not know that was hasselhoff singing in the video. who cares about all of that because this is my new happiness, right here. ben and jerry's is going to be selling ice cream burrito. it's a crepe-like wrap. >> why do we care? >> because i'm doing a food segment. >> they are comies. >> chocolate chip cookie dough. >> and it makes people sick. >> i will eat this. >> okay. so sunday don't forget, i've got to do something that is quite incredible. it's a real honor. i'm the honorary starter at the food city 500 nascar race at

bristol motorway. i am a little nervous. jas-car instead of nascar. there he is advertising am i going to be the hood ornament. it's stand up to cancer. that's also a good cause. my book comes out next week. there's a book tour scheduled that you can find on our website and don't miss "the five" on friday because the producers have put together a really great package that tells you about my book on monday. today is friday. monday. don't miss us on monday. >> beautiful. great stuff dana. greg? >> i'm going to be on o'reilly tonight. it's sick. anyway -- as you know there's this new enter rouj film coming

out. it was water basketball. there he is. jeremy is getting in shape with some prime basketball moves. there he is again. >> amazing. but congratulations. >> that was really, really good. >> it's friday so time for -- ♪ so many options. it could have easily been harry reid or britt mchenry but this -- >> you can see the media running behind me here to chase the scooby van. >> not asking any questions and -- >> they didn't get a chance to ask questions. >> but -- >> you should be nicer to the media. it's not the reporter's fault. >> you're going to be nice

because you're going to be on the "today" show on monday. >> oh! >> i'm not talking about that. the reporters are not at fault. that is hillary clinton's problem or their boss' problem. hillary should come to them. >> johnson is going to love you. >> thank you for that extra promotion. >> all right. you know that i'm a cranky old man. so on a flight from chicago to manchester, new hampshire, on thursday, lenny who is 68 years old was snoring and what did the lady next to him start to do? she started stabbing the poor guy in his arm repeatedly. >> that was awful. >> the woman stabs him. he's not going to press charges. lenny is a good guy but i just thought, this is so extreme and crazy. >> she left evidence with you will a of the ink all over his arm. >> if i'm snoring, you're going to stab me? >> well i might go like this to you.

>> hands up. >> i wouldn't want to you do anything like stab me. >> this is good. >> disgusting. >> have a great weekend. see you on monday. this is a fox news alert. i'm bret baier in washington. a suicide car bombing outside the american consulate in erbil. the situation is rapidly deteriorating regarding isis terrorists in iraq. we have james rosen here in the bureau with how iran is looking to expand its bank account. we start off, though with white house chief correspondent ed henry and new details about what the president may be willing to do to get a deal done with iran. good evening, ed. >> good evening.