done well the 150 years, stick with it and you'll do well over the next 150 years. >> and ben was in it originally. [laughter] >> david asman with business. david: just about everybody was glued to this to week former fbi chief james comey was saying, but some say we should be more glued to what establishment g.o.p. leaders are saying about tax cuts and might have our economy coming unglued. hi, i'm david asman, this is forbes on fox. let's go to find out what it is with steve forbes, elizabeth mcdonald, john tamny and you say that g.o.p. leaders need to stop talking about how to get tax cuts passed and get it done. >> the economy needs the boost. if not, the economy will stay in a rut. the first thing they need to

worry about is not revenue neutrality and stuff like that, but what helps the economy immediately. we know what does it, it's radical cuts on tax rates, on the corporate side and the personal side, you just do it and the idea that you can forecast ten years out, hey, weather people can't forecast five years out, it gets dicey. get the job done. david: the idea, bruce, you have to pay for it with certain things. bill clinton didn't buy that, he went ahead with a dramatic cut in the capital gains tax from 28% down to 20% and look what happened. the revenue increased dramatically after the cap gains tax was cut. a major increase in revenue. you cut tax rates and you get more government revenue. >> well, i think the problem is concerned here, and donald's tax cuts would blow a hole in the deficit. i think that paul ryan gave a little bit of a forecast here when he said that, whether the

president asked flynn to drop this investigation, he said something about-- this president was all new to this. i think you should go all small ball here because the president is all new to this and i don't think he can handle a big tax cut. david: well, e-mack, ronald reagan didn't go small, he went hardball and got big tax cuts in and during the period after which those tax cuts kicked in, again, you had this dramatic 54% increase in revenue. you don't have to worry, fret about all of this pay for stuff. >> right, i think the economy can handle a tax cut. news flash. you know, and by the way, i'm so tired of comey-mra-- palooza: and you're right about the tax cuts, reagan say it, kennedy saw

it happened. bill clinton saw it happen. more revenues poured in and when you have tax cuts like the eisenhower year, there were recessions every other year and watch the growth in real income, reagan era '83 to '89 and spiked for whom, the lower percent. david: if we don't get the tax cuts, we have the business round table saying if we don't get tax cuts, we'll lose investment and that means we'll lose job. >> the answer is for republicans to stop talking about revenues. since when is it the job of the american worker to make sure that congress has more money to waste? taxes should be cut and the revenues decline. the museum of the unseen will be reduced and the economy will boom. david: again, sabrina, the point it, they don't have to fret about losing money when you cut

taxes. when you cut tax rates, generally revenues increst. >> it's a huge public affairs for the republicans. they have to explain to voters, when you cut taxes, the middle class better, more flexible, wage structures and more competition and more opportunity out there. and in addition to cutting corporate tax rates way back, they often need to allow corporations and small businesses to write off all of these expenses as deductions so they can invest in research and development. i remember the first time my husband's business got business tangible tax for an arbitrary number for buying office supplies. it's crazy that the government throws these speed bumps at you on the road. david: and the trump leaders, the economics, i was talking to mnuchin, treasury secretary. asking some of the people, republicans who don't believe that tax cuts will have a growth

effect. this is how he answered. >> i think it makes no sense, and people who quote that, i think, are living in the stone ages. we're about creating economic growth. we're about broadening the base and we are going to make sure that this is tax reform, not just tax cuts and that they're paid for. david: steve, i love it. he says they're living in a stone age if they don't believe there's a growth effect. >> absolutely, david. the key thing is, for those who obsess about this stuff. the key is to have we the people to grow faster than government. even if you have more spending over that time if you have the private sector growing faster than the government, the private sector ultimately triumphs, we've seen it time and time again. that's why we've got to get away from paul ryan, the idea of 20% sales tax and imports and slams americans under these. the daily horoscope would give you a better prediction of the future. david: e-mack, i know the

corporations have been doing well. the 401(k)'s, thank you for that. a lot of regulations are aimed at them and they have responded, but it's the smaller companies that really need-- and you mentioned that, great things about across the board tax cuts, it helps the smaller companies. so far they haven't seen the same relief as the big corporations. >> and the big guy doesn't have the lobbyist at the table in d.c. your interview with steve mnuchin was great. when he talked about growing the base, growing the base of who can pay the tacks, that means small businesses. we saw the new business formation cut in half the last several decades as the tax hikes went slippery sliding all over the business guy. give it back to the little guy. stop wasting federal taxpayers moan through the inefficient pump. david: you're all for this? >> and you need the president to carry us across the goal line

and he's busy tweeting about obstructionist, rather than telling voters what they're going to get. david: i want a pure economist back in here. john tamny, don't you think the economy would boom if we had serious tax cuts? >> of course it would boom, but i also think that misses the point. look, the fact if you lower the-- >> i think a lot of people want the boom. that's the only point that most people are interested in. >> and if you say to reduce the investment and republicans have to get back to first principles. free people, naturally growth, growth is the easy part. cut taxes period and get revenue stuff out of the picture. it presumes that we have a revenue problem. >> john makes a good point and when he uses certain words, i get lost. the bottom line, it's not rocket science. you cut the costs of doing business and you'll get more

business. >> republicans are talking in a way that resonates with average voter out there. when you talk about deficits and revenue and i glaze over and i do this as part of my living. i think they need to start talking how this is going to affect people like sabrina and david asman. when we talk about the points. >> a way to double your pay. who doesn't want that. thank you. the u.k. prime minister losing seats in her election and some say how she wants to fight terror online could be a loser for internet users everywhere. that's next. it's ok that everybody ignores me when i drive. it's fine. because i get a safe driving bonus check every six months i'm accident free. because i don't use my cellphone when i'm driving. even though my family does, and leaves me all alone. here's something else... i don't share it with mom.

i don't. right, mom? i have a brand new putter you don't even know about! it's awesome. safe driving bonus checks, only from allstate. sometimes i leave the seat up on purpose. switching to allstate is worth it.

say carl, we have a question about your brokerage fees. fees? what did you have in mind? i douhhh.now. $4.95 and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab. >> a fox news alert from america's news headquarters. i'm leland vittert.

protests against islamic law are taking place in cities. live from new york city right now. the controversial group act for america is hosting the demonstration citing what they call human rights violations committed under sharia law. and counter protests underway by critics who say the group is trying to stoke hatred. back to those as warranted. and the london attacks, the carnage could have been so much worth. the ring leader tried to rent a seven ton truck rather than a van, but his credit card was declined. and police revealed they found two more homemade bombs inside. i'm leland vittert. now back. david: british prime minister theresa may getting shellacked at the polls after recent terror strikes against her citizens.

before the vote she called for measures to keep terrorists off line. and those sites are pushing back because it's a slippery slope. >> it is. my heart goes out to what the british people are going through right now and i understand that there's always a feeling that you want to sort of shut down everything after an attack like they've been having. that being said, social media is a powerful tool and one that we do not want to dismiss or shut down. this is a way of keeping terrorists visible. we want to be able to track them. we want to know what they're up to. if we push them down, they are going to find another way we won't be able to monitor. david: facebook, twitter and youtube parent company all say they have programs to block terrorists and extremist froms their sites and facebook put out a statement, we do not allow groups or people that engage in terrorist activity or posts that express supports for terrorism. we want facebook to be hostile environment for terrorists.

what do you think? >> well, i think there should be a way for the government to work with them, to make sure this they do that. i mean, we've got-- don't have any examples i can think of where they've nailed somebody and said look, government, we've helped you out here. maybe there's a way to deputize them. david: what do you think, steve. >> i think, first of all, the government regulating anything on the internet is a bad idea. it's common sense and the company should be urged to do more and more common sense. if they see something, do it. if something happens like san bernardino, have a phone and open it up for at that purpose. and theresa may the prime minister of britain is trying to scapegoat these companies for her lack of action on terrorists. david: is there any way for a political leader to stop this stuff from spreading on the internet? >> i'm not sure that's possible.

i think one way to go, just don't let terrorists drop off watch lists. like mateen fell off the watch list, like the orlando terrorist. when you have the government look into encrypted apps, the oppressed people of venezuela use encrypted app to communicate under the dictatorship. david: you may be hurting good people. >> you may be hurting good people. what we have to do on western societies, like israel with knifing attacks, they're on offense. we're on defense. david: john, sometimes the markets take care of these things. youtube was having trouble selling ads at one point because of the fact the ads were put close to violent youtube videos. >> yeah, no, certainly markets can work here. i think the main thing is what sabrina said. it's one way to wish away

terror, but the idea that you can get rid of it by making people less free defies basic common sense. murderers will always find the soft target. if you secure the airport, they'll hit outside the airport. the notion that we'll make people safer by eroding the freedom of everyone just isn't going to work. david: sabrina, there was a case, i think fairly successful when there was an outbreak of child pornography, there were efforts made by governments, both local and federal, to stop that, and it was basically a pretty successful thing, partly by the criminal, the criminal laws against it, that that really made people who were into that totally out of it. it didn't solve the problem completely, but it helped. >> well, i think that's interesting, david. i think the damage is not looking for sort of the easy, you know, bandaid to rip off and make this better. i think it's going to take years of hard work on the ground. integrating with these communities. i mean, i think we have to stop

thinking if we just take care of this, you know, you'll be playing whack-a-mole. we got rid of social media so now it's okay. that's not how this is going to work. david: steve, what about the fact that there did seem to be success against child pornography. couldn't we apply the same standards here? >> david, it's all about common sense. if you see something online, makes you feel to do something about it. you cannot have the government tell what's on and not on the internet, but if you see something that's terroristic or pornography, you deal with it. people know it when they see it. david: e-mack, go ahead. >> i think the social media companies-- i don't think that facebook wants the word facebook and terrorists anywhere near their brand repetitions. i think the guys in silicon valley are moving full bore. david: last word from e-mack. cashin' in the bottom of the hour. eric, what have you got. >> as they're focusing on comey are the real concerns of

american people falling on deaf ears. as the government cracks down on leakers, one celebrity is encouraging more leakers. is this crossing a dangerous line? we'll see you at 11:30. david: up first, amazon offering people on food stamps, offering can go that says do we need to cut food stamps. that's up next. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock.

>> amazon offering a half off sale for prime service, but you have to be on food stamps to get it. and now some on forbes say

>> well, amazon is cutting a deal for folks on food stamps. sign up for its premium service and cut the price nearly in

half, but john says, if you're streaming videos every month every at a discount you shouldn't be getting taxpayer assistance period. david: let's show how much we're spending on food stamps. it's gone up a now, now 71 billion. go ahead. >> let's be clear that the united states won the war on poverty long time ago with economic growth. the evidence supporting that claim is the fact that people risked their lives to get here every year in order to cure their poverty. it's the idea that we need more food stamp spending, people need to make better decisions. if amazon wants to offer up deals for people with less, that's a private decision. but i don't like the idea of government fighting poverty. you fight poverty with growth. david: and some say the trump plan cuts food stamps and other spending. the budget director has

different views, here is what he says about that. >> we're no longer going to measure compassion by the number of programs or number of people on the programs, but by the number of people we help get off the programs. david: that's an interesting approach. >> i think he's right. it's a sea change from obama, you know, the government community garden and world of government living. i think he's right. with this food stamp usage online, i'm not opposed to it, i want to help the poor, they cannot drive their cars to get good food. it helps them save money go eth food to their homes. david: it's a matter of incentive, steve. bill clinton sort of revolutionized with the republican congress our welfare program to make sure that there were work requirements. if you can work for welfare you have to work for it instead of sitting at home and taking it. alabama tried the same thing ap when they put in work requirements for the food stamps, look what happened, an 85% drop in the number of food

stamp recipients. >> it's basic. the obama administration went out of its way to encourage people to sign up for food stamps like liars loans during the housing bubble. they didn't look and signed them up and provided. and had the administration would have the work requirement on the 44 million out there now at least 20 million will drop off. david: bruce, if you can afford, even at half price, if you can afford to buy streaming videos every month, can't you afford to make it on your own without food stamps? >> you could be preventing a poor person from buying a great book by warren buffett or steve forbes it better themselves. david: that's up to them, not up to me, the taxpayers. >> listen, people on medicare and social security, seniors get discounts on things, i just don't see a problem with it. david: sabrina, what do you think? >> i think that amazon has its head and heart in the right place, doing a number of things to sort of assist people in need

using their drones to deliver to food deserts. i think this puts into sharp relief some of the problems with supplemental nutrition assistance program or snap, and i think it reminds us, if we got rid of the waste and the fraud and abuse, we could really actually help those people in need in an affordable way. david: i have a problem with amazon would do it, i would restrict them from doing it, they can do what they want. it's almost like they're putting a tax on their wealthy customers and redistributing from the wealthy customers for the poorer customers. >> and amazon's approach somehow people in america have gotten a raw deal. i reject that. never forget that the american people at all levels are envy of the rest of the world. for us to act like somehow americans have a bad deal is an insult. david: last word from john. coming up, i'm not sure what the future holds. well, our informers say they have the steady stocks in very

uncertain with car insurance, and i was not happy with the customer service. we have switched back over and we feel like we're back home now. the process through usaa is so effortless, that you feel like you're a part of the family. i love that i can pass the membership to my children, and that they can be protected. we're the williams family, and we're usaa members for life. call usaa today to talk about your insurance needs.

♪ he came to the world justin the usual way ♪ ♪ but there were planes to catch and bills to pay ♪ ♪ so i moved my meeting saw him walk that day ♪ ♪ he was talking 'fore i knew it, and as he grew ♪ ♪ he'd say i'm gonna be like you, dad ♪ ♪ you know i'm gonna be like you ♪ ♪ and the cat's in the cradle and the silver spoon ♪ ♪ little boy blue and the man in the moon... ♪

>> and we'll see you there on monday. meanwhile, we're back with our informers steady stocks in unsteady times. e-mack, nvidia, why do you like it. >> it's a gaming and artificial intelligence company. bank of america put a bull signal on it. they think it's going up more.j bull will continue with nvidia? >> i like it, artificial intelligence is going to increase human intelligence in staggering ways. david: if anybody knows about-- it's your staggering intelligence. john, i didn't know you were a movie buff. >> i live at the movie theaters and that's why i close amc entertainment. i think investors don't realize how much people like the movie-going in addition to the

films. >> he's right, people like to go out, but it has stiff competition though. david: that's it for forbes. thank you for watching. have a wonderful weekend, keep is right here, the number one business block continues with eric bolling and cashin' in. eric: as lawmakers focused on all the hearings this week, it seems they're not hearing america's cry for help. take a look at the recent fox news poll. there are issues that americans are concerned about, most concerned about, look at this, government spending, the economy, infrastructure, north korea, terror and the job market. russia meddling, that's seventh on the list. while the politicians in washington are busy with russia hearings are they failing to hear the needs of the american people. hi, i'm eric bolling, welcome in our crew this week, jason, gina, juan williams and rachel campos-duffy. rachel, start with you. youe