investment sur tax and that list goes on and on. this is a gigantic tax increase on virtually everyone in america. >> 10% tanning tax. and-- >> kind of disingenuous. >> billions a year. >> you actually pay taxes to go in the the tanning booth. >> 10% excise tax on tanning services. >> neil: dagen, you don't need it. >> no, no, you're beautiful, it's just, i don't think you-- i think it's a tax or not, i'd want you to-- >> not going to fire me or-- >> no, it's a needless tax you needn't pay. >> guess what? i guarantee you taxes will continue to go up in this country. >> neil: because we're all getting burnt. >> this puppy is going to be a lot more expensive than anybody has any idea about. and they are going to ultimately tax people more and more. >> neil: well, we don't know a the lot of the particulars, but we're getting a sense of what's coming our way next year and the year after that, right. >> yeah, and you know, i kind

of like this ruling from this standpoint. >> here we go. >> listen. >> i think that-- >> the end of the show a communist 0 our midst. >> first time called a communist in my life. the constitution allows the department of the to create certain programs and entitlements, no doubt that's constitutional. the only thing here, you have to pay for it and the chief justice roberts said you've got to pay for it, you know, this is a consequence of an election. you know? this country elected the most liberal people to run it in 2009 and yes, it was reverse in 2010, but happened in 2009. people, including this president who ran on the plank he was going to create a health care mandate and guess what it's constitutional because it's constitutional to create these programs, you just have to pay for them. >> neil: it was on the fine issue of tax thing that it was decided. we can debate how the court came to this conclusion. i think the end result now, i know in the house they want to repeal this, those going joe

where fast, ben stein because of the makeup of the senate and wait and see if the republicans take everything and then repeal it, easier said than done. a lot of taxes coming our way, what is the effect. >> the effect is extremely negative. we don't want to discourage spending and we don't want to discourage investing. we're moving down the road to euro socialism at a rapid click. i think dagen as usual made a brilliant point when they enacted medicare, they thought it was going to cost pennies, and not bankrupt the company. the cost this have is going to be explode and more and more taxes and we have to take care of people, but we don't have to break all the eggs in the kingdom and try to put them back in their shelves in order to make a health care plan. this is a very round about way of doing it, yes, mr. obama has the power to do it, yes, the supreme court can say anything is constitutional that it wishes, and it's just going to be a ton of money, being sucked out of the system and being passed through the hands of bureaucrats and into

doctors. >> and you know, adam lashinsky, i'm glad ben mentioned the medicare thing, 66 million dollar program and now of course a half trillion dollar program and escalating fast. and same with social security, started out 25 million dollar program, 16 workers paying in for every one benefit out, and of course substantially higher than that today. my point is with a lot of good intentions invariably they've got a good side, and grows and grows and no one realizes the enormity of at that, what say you? >> well, and social security is a good example, neil. everything you said is completely true and yet, talk about tampering with social security, and seniors and others who are becoming seniors are looking forward to that, to that benefit, that they've paid into, will throttle you for saying don't. they'll say don't tamper with that. as i've said. >> neil: no, no, you missed my point. i want be to be clear i want to give you time to speak, but it's my show with my name. so (laughter) >> i want to go back, and i

want to go back. and it started out as a good intention with a relative live cheap price tag. it grew to be what it is today, not a cheap price tag and all good intentions in washington start out that way. now to you. >> (laughter) . >> you know, i'm very optimistic about all of this, neil, and i'm disappointed with all of your pessimism. >> oh, my god. >> take a look at history. they do-- my optimistic viewpoint on this, neil, is that of course, that we have a history of government programs growing bigger than they should be. and we're going to be vigilent as the president said, we'll try to do the law because it's not perfect. >> here is the deal. more people are going to have health insurance and that is going to be a good thing for our country because we have an atrocious situation. >> you know why i'm optimistic

on this? i'm optimistic when they started medicare and a lot of the new society and great society programs, get them mixed up sometimes, in any event when they started those things we're in an era of pretty rapid economic growth. we could sustain the insanity for a long time, which-- >> we are. >> and we are, but now, now, here is my point. >> when it starts. >> here is my point, and that wasn't a great environment. >>, but, world war ii to bail it out unfortunately, but we're now entracting, radically changing, socializing 22% of the economy, i believe that's the he health care sector, it's a huge chunk, don't hold me to the matters. >> any way, hold a chunk of the economy and we're now standing that-- when we have 1.5% growth and going down. and that is unsustainable. >> charles payne. >>, but this is, this is not about socializing medicine and do you it and-- >> it becomes tedious, and

charles payne. >> you know, the bottom line, is, listen, you talk the compassionate angle, they say look it we're the only civilized country that doesn't do it. spain has it, 25%. >> italy has it, greece has it. so, somehow, somehow the idea that this will make our economy better. by the way, that's the cure all. if you want to figure out how to make it better, make the economy better, more people have jobs and recovery works and the medicare footprints. >> and instead this tax that the president says isn't a tax and 70, 75% of it fall on people making less than $200,000 a year. >> if he came into office focus like a laser beam on jobs and jobs only, a lot of crisis that developed around those, like housing and without health care benefits and the rest would have been addressed with more people working. >> he really thought the stimulus program, this is the economic insanity of barack obama, he thought the stimulus

program would work and bail him out to do all of this stuff. >> something he handed to nancy pelosi. >> and the guy was crazy. >>. >> neil: we're going to talk during the break for dagen and the tanning thing, i'm worried for her. and because they differ on spending for health care, do not assume they differ on spending, period. actually they love to spend. the mad dash to spend your ash, wh,ee rept and you just might want to hide. ♪[music] st light. transitions® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. experience life well lit, ask for transitions adaptive lenses. get great gear at bass pro shops' 4th of july sale, like... and check out family summer camp with kids' workshops, crafts and more, all for free.

♪ ♪ [ male announcer ] we believe you're at your best when you can relax and be yourself. and at thousands of newly refreshed holiday inn hotels, you always can. holiday inn. stay you. and now stay rewarded with vacation pay. stay two weekend nights and get a $75 prepaid card. >> live from america's news headquarters. i'm patti ann browne, tragic wildfires in the american west claims another life. firefighters recovering the body after second victim of colorado's waldo canyon fire and the flames destroying 350 homes and 30,000 people to evacuate. fire crews are allowing some evacuees to return, but they're also asking for patience, since the fire is just 25% contained.

and the justice department will not prosecute its boss. the house voted to hold attorney general eric holder in contempt of congress on thursday, and his critics allege he's illegally withholding documents related to the investigation of operation fast and furious, but a top doj deputy says this is not a criminal matter because the president has asserted executive privilege over the document. i'm patti ann browne, now, back to cavuto on business and for the latest headlines, log on to our website, at foxnews.com. foxnews.com. >> welcome back, the rushing out of town. lawmakers are scrambling to crank out a whole lot of spending before the 4th of july holiday. a massive transportation bill that includes extending subsidies for student loans so the price tag on that alone is 109 billion bucks and how about this goody. a taxpayer funded subsidy, rural airlines flying like--

>> what is that? >> that's charles payne coming to work. (laughter) >> this is getting support from democrats and republicans. >> and beats the private jet. start low and work your way up. >> neil: that plane would not be good, i need the big ole 727. dagen, what do you make about that? >> why should i be surprised by that, but it's disgusting. >> and with the spending, what are you talking about. >> where is the urgency that our taxes are going through the roof the end this have year and the urgency to deal with that looming monstrous problem? there is none. but instead, this is, exemplifies whether it's on student loans and rural airline service and once you start today try to take something away from somebody, whether you're sitting on the right or the left, people go bananas. >> wouldn't you risk ticking off a bum of bi-plane operators?

i'm showing those and how many representative those-- >> a huge lobby group. (laughter) >> i grew up-- not mountain bicycling. >> i group p in a small town, rural town. >> it where they don't have-- >> we're lucky if we have bicycles. >> in all seriousness, ben stein, you i see your many wise words over the years and we differ on the side whether washington could ever cut spending because we might have to resort to tax increases like it or not. i'm beginning to suspect my friend your might be right. i don't see the same zeal for coming in on the weekend, for example, and aggressively coming in to find ways to cut. i do see, harry reid and his friends rushing in to come on the weekend to find ways to spend. >> well, it's a very simple equation. congressmen and senators have great jobs, power, prestige, everybody worshipping them. kissing their butt. they get that job and they keep it by spending our money. they don't get it and keep it by spending their money. they get it and keeping and spending our money. that's what they do, how the

system works, they spend our money and they'll keep spending it until we go into default and i don't think it will be in my lifetime, but it might be in dagen's and it's going to be a horrible situation. and what happens the day after default? well, we look back and we're angry about things like big subsidies, and rural airplane service. >> all right, what do you make of that, charles? >> i agree a thousand percent on everything that he said. i like that dagen says. >> no roads in her towns. the tax-mageddon thing. when will they start thinking about it? >> and the rural demo here, but-- >> well. >> and i've got to work on that. >> the fact that they're one general store watching the show, maybe not. >> and go ahead. >> and for arnold the pig. >> exactly. >> and the reality is it's gutless, this is what we get. called governing, this is compromise we both check off. they're afraid and i guess this time around, it was the bullet that we wanted to dodge, because last years, because they didn't know how

to compromise we had the terrible summer where the market fell off the rails and everybody talked double dip recession and this is coming to the law make e. >> adam. >> i know you're going to look at this as somehow good. it's not good, neil. of course it's disgusting. >> wait a minute, the last segment you were saying i was the one getting everything negatively, you know? >> and here is the optimism. democracy is messy, they're good at compromising it at this sort of thing. >> no, he they're not. no, they're not. they're not good at compromising. >> they're good the compromising on spending and figure what charles was saying and i agree. i'll scratch your back. >> and they both say okay, let's spend the money and that's how they compromise. >> look it, i hate it. though they'll deal with the fiscal cliff after the presidential election, i also wish they were dealing with-- they have to get political clarity before they do that. >> i think that ben is right the only way the country is

going to deal with it. i don't know if it's going to come to default. but, you know, at some point when they get done, when you're finished with the run on the euro, and you go to another country and then you look at the u.s. and the markets start reacting that's how it works, we're headed that way. i'll say one other thing, there's a crisis going on in europe as we know. when we talk about growth measures shall the garbage that you put up. there's nothing in europe that's basically pushing the continent towards a real pro growth agenda. it's that sort of stuff. >> dagen, you've spoken out on your show on fox business, if you don't get, you should demand, this is a worldwide problem to charlie's point. in other words, no one is getting this issue. and so, to the point it all comes collapsing down, i hope it's not in my lifetime or ben's, i have no problem with it being in yours. (laughter) >> i wonder what the reaction would be? >> in this country, we will be

forced ultimately to pay such high-- so much in higher costs to borrow money that they will have to do something in washington, and i've been saying that all along, but, again, people are stupidly loaning this country money every year for ten years at less than 1.7%, it doesn't make any sense. >> and it's interesting, to deal with it now or deal with it later. and that's how they closed the loopholes and-- >> and they didn't like it. >> and like he was an idiot. >> charles manson with a spread sheet. congress putting the breaks on calls to tax every mile that you drive. but the forbes gang says a mileage tax would be a good idea, that's on the flip side. that's all coming at the top of the hour, up next, coming soon to a subway stop near you in boston, the sam adams station, beer not included of course, do you think that's a stretch? think again. by the way, it's happening in beantown, has some here

saying, well, make this every town. ♪

>> talk about boston baked. the pension system is short on taxes and now considering selling naming rights to some of the train stations. some her

>> it does look pretty good, doesn't it? when we come back here, we're back here, call it the boston tea party and i'm not talking about the american revolution, i'm talking about the city's cash strapped public authority talking about naming rights to its train stations and looking to raise 150 million bucks.

and coming as nearly 80% of stations are hiking fares to make up for a lack of cash. charles, you see this as a good idea. we should keep this. >> it's a good idea, whoever thought of it should get a pat on the back. they'll spend every nickel of it. if they brought in 150 billion they would spend every nickel and the transportation wouldn't get it, it's not about money, not about revenue, but what you do about the money and revenue and unfortunately, public sector stuff, whether it's amtrak or that, they're beholden to the public sector of unions and to politics. >> you know, ben stein, in your neck of the woods, california is hurting, you have so many beautiful sites there, beyond transportation, you could start getting naming rights to that, the whole wine country, you name it. >> and i think it's a terrible idea to tell you the truth. these are pristine, beautiful spots. >> neil: they'd still be ben,

still be. >> no, commerciallizing them i don't think is a good idea. >> neil: what about malibu by meinicke? >> i live in malibu, but we're going to have taxings and and everyone in will be driven out of the state. >> neil: adam. >> i think advertising in the public places is fantastic idea. privatizing large public works is a terrible idea. >> advertising great, either that or they're going to hike fares more. >> charlie. >> i don't care. >> neil: okay. (laughter) >> and show some enthusiasm. >> neil: think about it, if you raise money and i can hear charles point they're going to spend it, i think he's right about that, but i thought about greece, recently, they're sitting on antiquities and gold mines, in greek,

you've got the pep boys parthenon. olympic paints, olympia. >> and the new york city subway. >> they were privately owned at one time. privately run. >> and there's a gimme there. >> the subway. >> and look how lousy that worked, you know? >> what do you think, dagen? >> i think that i would certainly go to mcdonald's on micanos. absolutely. and dude, i love the idea, and of course the most valuable thing the marbles in britain. >> you could find the spot. and i want to thank you and professor gasperino as always. when the health care came in and stocks were getting sick and we have our own health care winning stocks. i'm not paying hidden fees or high commissions. i'm making the most of my money. and seven-dollar trades are just the start.

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>> hilthy stocks from our stock doctors. >> lab, and labratory health corp is doing well and a lot

of new patients. >> and doing the blood work. >> adam. humana. and everyone assumes that the insurers are going to get hammered and there is a lot of people entering the insurance market. roasch. a wonderfully brilliantly run company. >> how are they? is it roasch. >> you don't want to go with roach. >> no, definitely. not. david asbin continues with forbes on fox. >> heart attack. thos what your medical bills may give you now that the health care man date lives that. is the forbes verdict. but is it the right verdict. i am david asbin and let's go

in focus with elizabeth mcdonald morgan and rick and mike, mike, will costs go up. >> insurance premiums will sky rocket. johnathon grumer and a big advocate of the obama care and pushes of the plan pointing to has gone from saying insurance premiums would go to 30 percent two years and states like minnesota and colorado and wisconsin, they are 19 percent more had obama care not been law. >> rick, it is not for everybody. he said that 59 percent of the public would spend 31 percent in premiums. ine people who supported