blake burman. there's precedent for that at the state level. last year at this time the governor phil murphy imposed a sur tax on the richest residents there. that was retroactive to the beginning of the year. the wealthy filing their taxes this year are learning the hard way how expensive that can be. meantime, mike emanuel following the vice president on all of this in of all places new hampshire where she was championing the good spending. mike? >> good afternoon. the vice president along way from the southern border. visiting in new england states, famous for being the home of the first presidential primary. kamala harris in plymouth, new hampshire participating in a listening session about broad band access. press jen psaki weighed in on the situation at our southern border. >> there's no question we recognize that this is a challenging issue and we knew it would be when the president changed the policies that the former instruction had when he came into office. obviously welcoming in or ensuring that we had the capacity and we were using

thanks, blake burman at the white house.ican, a former house ways and means committee chief. he made this tax law possible. i'll get into that in a second. that provision was in there, congressman, where there would be a limit on how much you could write off in state and local taxes. 17 of them want that removed. how do you feel about that? >> yeah, how incredibly tone deaf is this? here we are struggling to come out of a pandemic, millions of people unemployed. a lot of businesses fighting the stay alive. here's the democrat are insisting on massive tax breaks for the wealthy. that's what it is. the bulk of this goes to homes making more than a million dollars. most of this goes to just four or five states. at the same time, they're proposing to raise taxes on the local job creators that we want to help bring people back to work, compete and win here at home and around the world. it's an unbelievable demand. >> neil: to be fair, congressman, not all millionaires live in this state. you don't have to be, you know, a billiona

blake burman at white house with details.eporter: brian, good evening after wrasse night's joint address president biden is on the road and will be there several days to try to sell his economic vision. give you a live look at duluth, georgia. you see the cars there in the background. the president is set to hold a drive-in rally. duluth a suburb northeast of atlanta. the president tomorrow will be in pennsylvania. then on monday he will head to virginia. you're right, brian, we have new details from the white house who would be impacted from the american families plan. part of the reason the president is on the road that is the proposal to raise taxes on the wealthy to pay for things like free preschool, community college, cap child care costs for low income families and paid leave program. white house has been all over the place with who will be taxed for the plan. white house official told me for individuals those that make under $452,700. for families it is those that bring in $500,300. those are adjusted income figures.

blake burman is live at the white house for details.ow are they going to spin this. >> we anticipate to hear from biden in the upcoming days laid out the american family plan which the white house says will focus on childcare and education. the white house is signaling to tipay for this the president wil propose increase in taxes on the wealthy of of earners those that make more than $400,000 and raising the capital gains rate most likely into 40% range on million-dollar earners. the president's top economic advisor came to the podium inside the briefing room earlier today to continue to build on the administration sales pitch and the president rolling out the plan, the white house highlights they say only three and every 1000 men can household would be impacted by this change and they contend that it would not stall economic growth. >> there is no evidence of a significant impact of capital gains a long-term investmentou economy. if you look back over the last 30 or 40 years we have a capital gains rate at various rates, different leve

we head to the white house where we find blake burman with more. blake. >> reporter: hi there, ashley. certainly a sales pitch and really an impassioned sales pitch from the president at that. the president touting the need for a $2.25 trillion package far beyond an infrastructure package, as he describes it, saying that he needs this to go through because -- or at least one of the reasons because he's not going to to settle for inaction. the president also making the case that the definition of infrastructure should include things like expanding internet access, helping caregivers and investing in research and development. he says infrastructure has evolved over the years. >> 200 years ago trains weren't traditional infrastructure either until america made a choice to lay down tracks across the country. highways weren't traditional infrastructure until we allowed ourselves to imagine that roads could connect our nation, cross state lines. of the idea of infrastructure has always evolved to meet the aspirations of the american people and their need

blake burman at the white house with his calculator. blake, break it down for us.orter: there will be two major economic pitches for president biden two hours from now as he gives his first joint address before congress. the president in the lead in to this, white house in the lead in into this unveiled the $1.8 trillion american families plans. $800 billion in tax cuts for workers and families. here are some of the top lines you could see next to them. how much the white house says it will cost over a decade. president proposing extra four years of free education, free preschool for 3 and 4-year-olds, two years free community college later in life. a national paid leave program and child care putting a cap on out-of-pocket costs for low and middle income families. to pay for this the president is proposing sizable tax changes for the wealthy. he wants to raise the top end tax rate once again to 39.6% and raise the capital gains rate to that number as well for million dollar earners. notably missing the proposal does not include repeal of 10,000-dollar cap to write

joining me blake burman, he is live from the white house. blake., i will get to that in a second. first a live look inside of the white house as the president is giving a impassioned speech here for the last ten minutes as he is rolling out, really touting, beginning the sales pitch of the american jobs plan as it is called, that $2.25 trillion package that the white house is now saying isn't necessarily a infrastructure package per se, rather a jobs plan. the white house is pitching what they essentially describe as a broadvision for infrastructure and a modern vision for infrastructure. for example, the president saying that a couple hundred years ago trains weren't viewed as infrastructure and many decades ago building highways was not viewed as infrastructure. as he says in america, we don't fix for the now. we fix for the future. it is part of the reason why he is making the pitch infrastructure should go beyond trains, bridges, railways but also research and development and caregivers to give a couple examples. the president is speaking live.

blake burman at the white house there. more on this let's bring in senator bill hagerty who is on the senate banking committee. thanks for joining us. can democrats actually get this passed through congress though? >> i certainly hope not. i appreciate the opportunity to talk about this tonight this would have a devastating effect on our economy, the exact opposite effect we should be looking for coming out after pandemic. if you want less of something takes it more. you want less capital investment raise the capital gains rate. we need to turn the economy around now. capital investment begets more jobs, economic activity. that is what america needs today. edward: senator, the white house pushing back on this. the economic advisor brian deece capital gains raising would not have effect on economy. listen what he said today. >> okay. >> for the highest income individuals, and number two, we can use those resources to invest in areas that we know where there is convincing academic evidence, empirical evidence that investment

blake burman live at the white house. the archegos fire sales are burning another big bank.allout and the soul searching major financials are doing right now and whether we'll see more head rolling to come. with the closing bell ringing in 25 minutes, we've got the 10-year yield just ticking higher by a bit, 1.61%. the s&p now up 3 points, how about that? that's a record. nasdaq, though, still down 42. stay tuned, charlie breaks it next. ♪ ♪ ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down. and there's nothing down there with you but the choice that will define you. do you stay down? or. do you find, somewhere deep inside of you, the resilience to get up. ♪♪ [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ ♪♪ losing a tooth didn't stop you but your partial can act like a bacteria magnet, ♪♪ putting natural teeth at risk. new polident propartial helps purify your partial and strengthens and protects natural teeth

all right, blake burman, thank you very much. appreciate that. as president biden seeks to increase that corporate tax rate up to 28% to pay for his $2.5 trillion infrastructure package, i think it's certainly time for a tax rate debate. why not? let's bring in the tax foundation president scott hodge, also joining us is the committee for responsible federal budget president maya macguineas. thank you both for joining us. scott, let me begin with you. what's your stance on raising it from 21 to 28%? how much of a bad idea do you think that is? gnawed you -- [no audio] ashley: all right, scott, we're not hearing you. let's go to maya while we try to figure out scott's microphone. and, maya, okay. president biden said, look, i am willing to negotiate when a reporter shouted at him could you go lower. from the your perspective, what is a fairer number if it's not 28%? >> right. so, well, the first thing that i would say is really good news is that the white house did put out the principle that we're going to pay for this bill, and that is a much, mu

to blake burman live at the white house.is today a message to citizens, republicans in congress or both? >> reporter: both really, liz. this is a sales pitch right now from the biden white house as it relates to the american jobs plan. let me go through some of the numbers that they put forth leading into this visit, a virtual visit that we expect to see from the president shortly. 475,000 school buses all across the country, 25 million kids it services. the white house says there's the roughly 95% of those run on diesel fuel. add to that more than 85,000 transit buses run on diesel as well. it's why they say the president's $2.25 trillion american jobs plan proposal calls for a $45 billion investment in accelerating zero delivery -- zero-emission delivery buses. here was the white house just a little while ago. >> replacing these buses with clean technologies will create good jobs, support domestic manufacturing, tackle a major source of greenhouse gas emissions and improve the health for many around the country. >> reporte

blake burman thank you very much. that's it for us on "coast to coast." here is charles payne to take you through the next hour. charles, take it away. charles: brian, thank you so much, my friend, brian brenberg. i'm charles payne. this is "making money." breaking right now, sometimes old and steady is better than sexy and unproven. trucks and have been soaring, fraught think names like tesla say they have been struggling -- frothy. speaking of tesla, what can we expect from musk and company? how should you be positioned how they post their earnings after today's close? president biden's low in approval rating, centrist democrat win as congressional seat in louisiana. it is major news. i will break down how america is revolting against the ultraprogressive agenda. how his war on the rich will affect you. that's right, it affects everyone. i have former utah congressman jason chaffetz to help me there. speaking of president biden, how the administration plays catchup after denying vaccine materials to india. worldwide outrage. all that and so much more on

blake burman live at the white house with those details.ter: president biden is out on the road trying to sell the american jobs plan, more than two trillion dollars to be paid for by raising corporate taxes and sell as well as the american families plan, $1.8 trillion to paid for by the wealthiest of americans. that newly-released american families plan focuses on providing things like free preschool, community college, national paid leave program and capping child care costs. the white house for weeks had been all over the place who would not have their taxes raised under the plan but today, charles they gave us specific numbers a white house official telling me the following. for individuals, that is those who make under $452,700. for families, it is those who bring home under $509,300. couple things to note, charles that is adjusted income and the white house says the changes should this become law, the changes would start in 2022. so i asked the white house earlier today, charles, what exactly would that mine for capital gains? because

>> neil: busy day, blake burman at the white house. thanks. the administration to blake's point says this can raise a lot of dough if it were to go into effect. there is that. what people are missing though, if it's just the million and over crowd, i don't have to worry about it. but, if the million and over crowd decides to lock in whatever gains they've had in the stock market right now and sell, if this looks like it's going to happen, in other words, a capital gains higher rate, so sole now while it's at the lower rated, could that affect you and your investments if you too are through your funds or various equity plans not in that crowd. you could feel the buffeting from what that crowd does if they sell to the degree they could in the face of much, much higher taxes to come. to daniel demartino. former dallas fed advisory. my buddy charles payne, host of "making money" on fox business network. you should get if it you don't have it. so charles, let me ask you -- we have gary calpon. let's get your take on this, charles. it's been toyed t

liz: thank you so much, blake burman. we appreciate you and thank you for your reporting.ll be coming back to you later in the show. let's welcome to the show former hud secretary ben carson who is also a former surgeon. ben, we love having you on the show. first your reaction to the verdict in the george floyd case. >> i'm not particularly surprised. we had plenty of evidence and you would have to be blind not to recognize this was a murder. it probably wasn't intentionally a murder but we all saw it and it is pretty difficult to explain in any other way. so the important thing is, it shows that our justice system does work. people don't have to take these things into their own hands. also i hope people will come to recognize that chauvin is by no means representative of policing in this country or of the justice system. and those who tried to make it into the norm are really taking advantage of the situation in the midst of this. liz: you know, we hear you loud and clear. so much of this case permeated so much of our society from voting rights laws to monuments and statu

blake burman thank you so much for that we look forward to it. of the present will probably safer but what should he say? that is a different metal for that with constantine's party panel we've got real clear politics cofounder executive editors well tom bevan is back. long democrat strategist, radio host and fox news contributor leslie marshall. and 2020 libertarian party vice president candidate spike cohen. he is going to break everything down. i'm very much looking forward to all this. welcome what it all. so tom bevan, it's a little too early for him to take a total victory lap, but he will tout some of his successes. but what would you like to hear from the president? [laughter] he is proposing something of $4 trillion tonight. as blake just mention he's going to push the american jobs with us introducing a new planet 2 trillion. it would be nice to know how he is going to pay for that. we know some of the details of that. i'm not sure how much she's going to expose in terms of the taxes he wants to race in halford on the letter that's goin

blake burman, but the voice lived on. that's the most important thing, blake. thank you very much.e on why not, j & j, let's take a look at that stock what its been doing for the week. it could play a key meeting today on the future of its vaccine. there it is, it's up what half a percent or thereabouts for the week, but the future of its vaccine use here in the u.s. could be make or break as far as the cdc and fda. they're going to make a decision on this vaccine should you take the vaccine, if it is put back into use. we're going to ask those questions and many more to the doctor, by the way, who help ed run one of the key studies that got j & j passed its final hurdle, and also, netflix pandemic star on vaccine guru will be along as well, we're going to talk all about these vaccines next but as we head to the break let's take a look at the market as we say a lot of green on the screen, the dow up 300 points, s&p and nasdac fully up now, well over 1 %, we're coming right back. [announcer] durán catches leonard with a big left. ♪♪ you can spend your life in boxing or any other bus

fox news blake burman is live from the white house. reporter: we expect to hear from president biden on wednesday as he gives the joint address before congress, he lays out the american family plan. the sales pitch for that plan begins at that point. the planning include as focus on child care, on education. to pay for it the administration is signaling it will include raising taxes on the wealthiest. it comes simultaneously as we know the president and democrats and republicans here in washington are trying to negotiate a infrastructure package, one which the president sees a 2 trillion-dollar price tag among that. there is debate among democrats exactly how big some of these packages should be. for example, joe manchin viewed it as a possible key vote in the senate, think as infrastructure plan should be more targeted. >> the human infrastructure is something we're very much concerned about. when you think about all we have done in the past year and plus the covid bill this year, the american rescue plan, an awful lot has been done t

that you know you break bread on my table sit down listen to my stories i want to tell you about the burmanin my family graveyard the ones who taught bases dishes i have the right to be respected food is part of our d.n.a. you and i understand that you know that but death marriage is food is there and i you know i studied law i did a ph d. i don't know how there are people in families who say or you know look at her you know not using her law degree i use it every day i use the skills of advocacy to use to food as my conversation food as my bridge had been me and my host nation and you and i came to this country for different reasons i came here as a new bride full of hope and you know excitement but suitcases full of true saw that my mother had collected for years on my beautiful handmade you know soak in clothes and jewelry i'd come here to start a new life so our journeys were different but you know it. it didn't take me long to understand that you know what i left i needed to find a way to tell the story so that someone who looked like me someone who looks like you you know we have a st

also been vying to lead the center right bloc but has now conceded in the race stephanie decker is a burman with more. he is the premier of germany's biggest state he's been a staunch ally of angola markel throughout his political career he is pro europe he's pro immigration he stood by her certainly when merkel open the borders here in 2015 to hundreds of thousands of refugees that called her a lot of grief he was very much her ally on that but he comes at a time when there are challenges challenges also to him his stance on coronavirus he wanted to open restrictions already last year at a time when it was seen as controversial so he's been seen as being a little bit back and forth on that and also at a time when the party the alliance is polling very low around 27 percent and this is because of the handling of the coronavirus also because there's been some political fortunes scandals when it comes to some politicians having made money in deals and when it comes to acquiring mosques for the virus they've stood down but certainly it has damaged the alliance really an alliance that's that's

have to ask you about the actual meeting, a virtual one once again, work with me on this because burmanse its shareholder vote to vote this time at the meeting against management and here's why. they believe they should vote against management because it's rejecting a shareholder call to at least have a company, so broad and diverse, how much annually is climate efforts in its diversity? and bring it back to brooks because on your website, you make no secret of it, this is really important to you, you use recycled bottles for the materials in your shoes and you have really made a difference when it comes to at least be better for the planet, how do you swear that? have you talked to warren buffett about that? >> first of all, we are all working for a shareholder so for me, we are stewards of a brand and our customers care so it was easy for us to set goals that set us on the journey to be carbon neutral and inclusive as a running brand to invite everyone in. from di to sustainability is, we have very distinct goals and we are working hard to meet them year by year so i think that's bran

neil: all right, blake burman, thank you very much for that update. the honor guard just arriving there on the north port ico entrance. let's go to jennifer griffin this latest we're getting on the tit-for-tat. we slapped sanctions on the russians and i guess today, jennifer, the russians are responding. reporter: that's right, neil. well this was by no means check mate, game over yesterday. we are getting word from russia about how the kremlin plans to respond to the new sanctions and the expulsion of 10 russian diplomats from here in the u.s.. the u.s. bam as adore was summoned to russia's foreign ministry and we're learning after a phone call with reporter s that russia's senior diplomat says that moscow will demand 10 u.s. diplomats will leave russia but in the same breath said putin is studying for a proposal for a summit between the two leaders this summer and russian official s added that moscow will publish soon a list of eight u.s. officials placed on a russian sanctions list and are looking at painful measures aimed at u.s. businesses operat

blake burman at white house with all the latest developments. reporter: let's stick with the live pictures from the rose guarden just on the other side of the white house where i'm standing right now. the president in the rose garden. beautiful day as he is about to outline executive actions he will instruct essentially the justice department to take over the upcoming months just to tick through them. he will ask the justice department within 30 days to issue a proposed rule to stop the proliferation of ghost guns. he will have the justice department issue within 60 days, whether the mark device marketed as stablizing piece, turns into a pistol, whether it is with the national firearms act. red flag legislation for states. the president is going to announce his intention to nominate david chapman to be the atf director. chipman, from the giffords institute. we'll see if the president takes question at the end of this. certainly one of the things he could be asked is the news that dropped last night from one of the most influential democrats in w

blake burman at the white house. is really saying when you get higher contracts going, and with this stipulation to support 15-dollar minimum wage those are federal contracts, you pay for them. that is really on your dime, think about it. if you're altruistic about it, fine with it, that is fine too but that is the reality here, someone pays for this and that would be you. dan geltrude is here, ray wang is here, with constellation research. dan, looking at this, people forget that, right? the fact of the matter is no matter how you feel paying government contractors a 15-dollar minimum wage, taxpayers will foot the bill for that. that is just reality, right? >> yes, it is. basically what joe biden is saying is, i am not interested in getting competitive pricing from vendors that are going to be doing business with the federal government. we want to pay more. now the government doesn't have their own money as you said, neil. that is coming out of the pock pockets of the taxpayers. i just don't understand why there are

fox business' blake burman live from the white house with details. laying out his vision or at least trying to pitch. the american jobs plan before the nation. already we are hearing democrats make their case for a big anded broad infrastructure package. for example, we heard this week from kirstin jill brant tweeting -- gillibrand tweeting, quote, childcare infrastructure, care giving is infrastructure. moments ago the commerce secretary, gina rah mondeaux, took to the podium -- gina rah mondeaux cited the needs for job training, shoring up the manufacturing supply chain, investing in research and development and more. for example, here she was on the need for a jobs plan to include caregivers. >> you might say to yourself why is the commerce secretary talking about investments in the care economy. because it matters. it is core to our competitiveness. in order for you to be able to go to work, you need to know that your loved one is being taken care of. >> reporter: now, the administration, by and large, is proposing to pay for this by raising the

i'm blake burman.me the cdc and the fda made recommendation to pause johnson & johnson covid-19 we heard from the head of the cdc. dr. rochelle walensky saying there are three reasons essentially why they made the decision. first off health care providers could be on the lookout. secondly there may be additional cases to report in the upcoming days, third, she says the pause will allow an independent committee to review events to determine their potential significance. that committee by the way meet as couple hours from now. dr. walensky saying this morning she believes that the decision shows the system is working. >> i want to share with you my confidence in the system we have in place. jointly cdc and fda were able to identify these rare events and act quickly to alert health care providers around the public. this demonstrates that the safety systems we have in place are working. reporter: over here at the white house they continue to maintain that taking johnson & johnson's vaccine off-line will no

neil: blake burman, thank you for all of that. want to go to dr. enough to join us. secretary, good to see you again. do you think that this probe that the attorney general wants to start looking into minneapolis police practices is -- >> well, you know, what derek chauvin did was way off the scale in term of what is normally done by police. and so his fellow officers wouldn't support him, his superiors wouldn't support him. it's sort of like if a mad dog attacks somebody, and then we start putting all kinds of restrictions on dogs. you know, i think with we've gone a little bit overboard. this is not to say there aren't some problems and police reform needs to be done, there definitely is. we need to bring them up to modern techniques. there are certain types of things that aren't lethal that can immobilize people. we need to start talking about that. but, you know, this wholesale, everything is referenced to a person who was way off the end of the scale in terms of normality makes no sense. neil: secretary, barack obama applauded yesterday's verd

let us go live to the white house, blake burman has the latest. you've got this news about intel saying it's going to work with the auto industry, it's almost like it's going to be the mask making where they transferred over some of their assembly line. i've got to hear about this one. >> reporter: it was interesting too, liz, jen psaki was asked what exactly the white house could do at this moment to address the chip shortage. there really wasn't a specific answer other than to say at least in the short term the president is doing what we saw over here just a little whiling ago, con veeping this meeting -- convening this meeting virtually of 19 ceos who are in and around this space. as you detailed off the top of the show, really it's a threefold purpose. one, there's a real problem in this space right now. chip shortage, bad for consumers, bad for companies, perhaps the auto industry has been hit if not the hardest, certainly right up there at the top. it's part of the reason why there were auto executives in this meeting today. the head of gm a

we begin with blake burman to break it down for us.ks down to a trillion in new investments and $800 billion or so in tax breaks for american workers and families. let's give you the top lines here. you'll see what some of this could cost over the decade according to the white house. president biden will be proposed and extra four years of free education by having free preschool for 3 and 4-year-olds and 2 years of free community college later in life. he's proposing a national paid leave program and help with child care by putting a cap on out of pocket costs for low and middle income families to pay for this, the president is proposing sizable tax changes for the wealthy. he wants to raise the top end takes rates to 39.6% again and raise the capital gains rate to the number as well for million dollar income earners. missing the proposal does not include a repeal of a $10,000 cap for writing off state and local taxes. something that democrats in high tax blue states have been pushing for. democrats are describing this as a generationa

blake burman is live at the white house right now where the meeting is going on. blake, sudden hi this really becomes a question as to how to deal with china's growing economy here. >> reporter: not quince coincid, i think, liz, that in the lead-in to this u.s. officials were quick to tout that $2 billion partnership with japan to make sure that japan invests in non-huawei 5g. that is one of the headlines, certainly, leading into this meeting. as you know, trying to insure that nations all across the globe invest in non-huawei 5g was a key initiative of the prior administration. and as we are seeing here in the beginning months of the biden administration, certainly something they believe is important as well. we do expect to hear from the president and his counterpart from japan to focus on other items though with real national significance too, hong kong, taiwan, human rights at the top of the list. here's what a senior administration official said in the lead-in to this meeting, quote: i do want to underscore that neither country is seeking to raise tensions or

let us go to blake burman at the white house and the significance of what this means, blake. >> reporter: well, liz, we heard from the commander in chief a little while ago. note that he is the fourth american president to preside over the war in afghanistan. two democratic presidents, two republican presidents, and president biden saying he cannot eventually one day hand this over to a fifth american president. the president noting that a peace deal was negotiated and this, i believe, is a live look at the president right now just across the river from the white house. arlington national cemetery, as we with look live, the president at section 60 there at arlington national cemetery. the president noting that there was a peace deal that was negotiated by the prior administration before he got into office which called for all u.s. troops to be out of afghanistan by may 1st. he says he will uphold that deal by starting the winddown then, having troops out by the 20th anniversary of the september 11th terrorist attacks. here was the commander in chief moments ago. >> there are many who wil

folks, going to repair roads and bridges and with more democrats on a spending spree, go to blake burmanat the white house how this meeting is shaking out. make? reporter: charles, when you add up bridges, highways, roads for what the president is proposing you're right, $115 billion, or critics would say 5% of the $2.25 trillion american jobs plan hoover however there is more beyond that. $80 billion for public transport. $80 billion for amtrak. 17 billion for waterways and ports to name a handful. the white house is calling this a jobs package and not necessarily a infrastructure package. it also includes items like $100 billion to make broadband internet more accessible. $175 billion to support electric vehicles and $400 billion for care givers for the elderly and those with disabilities. four democrats, four republicans from both the house and the senate. leading into this the white house continues to contend the president is willing to negotiate on both the package's scope and price? >> he absolutely is. he looks forward to hearing their ideas. his objective to find a way forward to

blake burman today asked jen psaki, and she made it real clear, that's the biden press secretary, thats going to be headed by janet yellen, the treasury secretary. some had said television going to be guest -- it was going to be gary gensler, the sec chief. crypto companies are looking to ramp up their compliance staff the, from what i understand. some of them are going to go public, some of them aren't, but the compliance staff is being ramped up, from what we understand, a hiring spree of sorts, basically to deal with this regulation are. particularly if you're a public company. there's a lot more hooches tough to -- hoops you have to jump through if you're a public company as robinhood is likely to be. sources are telling us they are still planning to go public. no exact timing, but clearly the bankers are, from what i understand, working on a robinhood ipo, some of the top on the street, goldman sachs, jpmorgan. this thing is coming, and it's just a matter of time. and it's also a matter of regulation. from what we understand, robinhood is one of those companies that is seen expand

blake burman live at the white house with more on this. blake?is one got the rose garden treatment as president biden unveiled a handful of executive actions as he puts it will help curb the epidemic of gun violence all across the country. a couple of those executive orders, for example, call on the justice department within 30 days to issue a proposed rule to help stop the proliferation what are known as ghost guns. he also have the doj within 60 days publish model red flag legislation for states across the country. he announced he will nominate david chipman of the gifford organization to become head of the atf. in the rose garden message he made the economic argument for gun reform that gun violence is a 280 billion-dollar hit on the economy. listen here. >> how could that be, joe? hospital bills. physical therapy. trauma counseling. legal fees. prison costs. and the loss of productivity. not to mention the a psychological damage done to the children who live in these cities watching this happen, knowing someone it happened to. reporter: the p

ahead of hearing from the president of the united states, we want to go to blake burman. what we're expecting to hear and how this is expected to roll out. hi, blake. >> should be hearing from president biden shortly. you might remember in the end of february, the president said every time another 50 million covid-19 doses would be administered, he would go before the cameras, celebrate that mark. that's what we're expecting to hear from the president shortly. he will tout that 150 million covid-19 doses have been administered since the start of his administration.he said every american adult should get a vaccine by july 15. the white house says the president will be announcing the new time frame for purposes of clarity. here's the president earlier this afternoon in nearby alexandria, virginia. >> the good news is, clear overwhelming majority of people over the age of 65 have gotten one shot. that's the most susceptible age bracket. >> neil, when you look at the state of vaccinations across the country, 168 million total doses have been administered. when you talk about

blake burman is at the white house.t signed an executive order to try to tackle this problem. we're seeing today this meeting at the white house is convening, really two different components in play here. first off the 2.25 trillion american jobs plan. it calls for $50 billion in manufacturing, research and development for semiconductors. but also secondly, stu, the reason for this meeting as well as you know, there is a very real problem in this country right now with the chip shortage. bad for consumers, bad for businesses alike. for example, general motors announced in the recent days they're further cutting production because of the chip shortage. they are one of 20 or so companies involved in today's meeting. we're told president biden will make a brief appearance during this virtual meeting, also a part of the talks. the president's top economic advisor, his top national security advisor's well. so something that is on the forefront for this white house, stuart, something they are trying to deal with. stu? stuart:

let's get to blake burman live from the white house, blake?now out on the road as he is starting to pitch his economic vision, of course he was in georgia to visit with the former president jimmy carter but after that, a drive-in rally in that state and then tomorrow, he will be in pennsylvania and monday, out in virginia. the president in the white house now finally unveiling new details about who might be impacted from the american families plan. that of course is the proposal to raise taxes on the wealthy to pay for things like free preschool and community college, cap child care costs for low and middle income families and creating national paid leave program. the white house, for weeks, liz, had been all over the place about who would not have their taxes raised, under this plan. today though, they did give us specific numbers and white house official telling me for individuals that the is those who make under 452, 700, and for families it is those who bring home under $509, 300. those figures are for adjusted income. here in washington,

blake burman live at the white house with latest on the saga.t when it comes to the top line number when it comes to look at. democrats, republicans negotiating that, at least the idea, this thought in washington maybe if there is a package that is just traditional infrastructure plus broadband internet, that there could be some support we heard maybe at 650 billion-dollar level, 800 billion-dollar level. i want you to listen to senator lindsey graham earlier up on the hill who suggested maybe it could go higher than that. watch. >> i think there is a deal somewhere between 800 and a trillion for a infrastructure package that is more traditional and in scope. i'm somewhat encouraged. i encouraged president biden to talk to republicans. mr. president, a bunch of us here would do a deal with you if we could get in the room. reporter: at the white house president biden said corporate taxes should be raised potentially from 21 to 28% to pay for a package. others up on the hill, many republicans throat floated other ideas like user fees and public-pr

blake burman at the white house with a new study. break it down, blake. loan debt. here is what they found back in 2016. a third of that was held by those who are in the top 25% of income earners. when you add up the top half, they can hold about 2/3 of all student loan debt. however, another chart also shows that lower income earners have to pay back nearly as much student debt as those that make six figures. those that make up to $97,000 a year hold on average of $34,000 in student loans. those who make in the low six figures don't hold sergeantly more at roughly 41 this dollars. politically here in washington the issue of canceling student loans where democrats are not all on the same page. top leaders like chuck schumer and elizabeth warren want up to $50,000 in student debt canceled. the white house says the administration is studying to see what options could be put before president biden but at this point he only supports congress enacting legislation that would cancel up to $10,000 worth. stu? stuart: got it. confusing as it may be we got it. blak

stuart: blake burman at the white house. thank you.as, 45% compared to 33% for incumbent greg abbott, the survey by the dallas news and university of texas shows they perform much better with democrat voters, 66% of democrats say they would support him versus 30% among republicans, 40% of independents say they would vote for mcconnaughhay. what is unclear, whether mcconnaughhay who has criticized both of the major parties would run as a republican or democrat. my guess if he does decide, which he said he's given true consideration, we will find out. stuart: staying on hollywood, luke bryant gets top honors at the academy of country music awards. watch this. >> i am so sorry i cannot be there, i missed certainly been able to do my songs and all the winners tonight, congratulations, you got me. stuart: he won the award from quarantine. days after testing positive for the virus he was supposed to perform at their wards, he appeared in quarantine. actor arnold schwarzenegger is reviving one of his most famous movie lines. >> this is a chop

blake burman has more. hi, blake. reporter: david, senate majority leader chuck schumer says that the senate parliamentarian will allow democrats here in washington to go forward at some point in the upcoming months by using the process known as budget reconciliation once again. i know that might sound like a lot of inside baseball. the bottom line with all of it is, if that is indeed the case, then democrats could go forward with the president's infrastructure and jobs plan without needing any support from a single republican here in washington. however, it is not like democrats are at this point are openly embracing president biden's plan. you mentioned, for example, senator joe manchin. let me tick through a handful of democrats here up on capitol hill who are pretty influential what they're saying. manchin, the senator from west virginia said the plan wouldn't pass as is. he would be comfortable raising the corporate rate to 25% but not 28%. peter defazio, in charge of transportation in the house said a infrastruc

fox business's blake burman is live from the white house with the very latest. reporter: david, yeah, we certainly do expect to hear to president biden shortly on that matter, tout the need for the $2.25 trillion american jobs plan as it relates to semiconductors or chips as we better know them because one of the parts of that plan is to invest in $50 billion in manufacturing, research and development for semiconductors. there is a real problem, david, as we all know in this space right now. there is a chip shortage that is bad for consumers, bad for business as well. the auto sector, for example, one industry in particular that has seen production cuts because of the chip shortage. so the heads of ford and gm will be part of this virtual meeting. so too the leaders of google, dell will be a part of this meeting with the president and some of his top advisors. the chip shortage not only has an economic component but a national security one as well. the heads of 20 companies will be a part of this meeting. he will talk to the president's top economic advisor and

blake burman is at the white house with more with the administration response to the u.s.-mexico border crisis. reporter: you're right. a white house official telling fox within the biden administration they will no longer use the word, alien, illegal alien, or a simulation when it comes to immigration matters, assimilation. at the senior most levels this is something they had been pushing for, for weeks. we also heard a change from president biden over the weekend as he for the first time talked about the quote, unquote, crisis at the border. as you know the white house, the administration stayed away from calling the situation at the border a crisis. instead describing it for many weeks as a challenge but here was the president over the weekend when talking about the ref -- refugee cap. >> the problem was that the refugee problem we're working on crisis on the border with young people. we couldn't -- [inaudible] now we'll increase the numbers. reporter: now the president faced backlash from progressives rather when his administration announced on friday they would keep t

blake burman at the white house to spell out this multipronged approach here. this time it has a lot of potential teeth in it that could cause a lot of people, namely in russia a lot of problems. reporter: neil, this is the first major action of the biden administration against russia. the biden administration saying today that these sanctions they just unveiled are in response to what they describe as russia's quote, unquote, harmful foreign activities. let me tick through some of the actions put forth today. as you start at the top, you're right, they expand sovereign debt sanctions inside of russia. sanctions 32 entities and individuals for interference in the 2020 u.s. election. 10 diplomatic personnel from washington, d.c., are, expelled. the u.s. is now blaming russia's foreign intelligence service for the solarwinds hack. by the way there is response to the report that russia put bounties on u.s. troops inside of afghanistan. at least at this point the white house not publicly spelling out what that response might be. a spokesperson for the state departm

but first to blake burman if on this capital gains hike and what we're really looking at here, how real it is looking, the kind of support he might be getting. blake, what's the latest? >> reporter: and one backer, neil, of the white house or at least of the plan, i should say, presented it to me exactly that way early this morning, look, three people out of every one thousand would be affected by what the president is proposing. that is sort of their argument for it, but you can also see what happened in the stock market yesterday as an argument against this policy. at this point it is the a policy proposal, though we can tell you that the expectation is that the president will propose raising the capital gains rate to 39.6%. what we don't know at this point, neil, is whether it will be retroactive, peening if -- meaning if it would start in 2021 or 2022 and whether it would be ordinary income plus capital gains. the white house says this'll go to a pay for the american families plan. it comes also as the white house says corporate taxes should be raised for infrastructure. of the whit

blake burman's at the white house. i guess china's not going to be happy about this meeting, blake?ng with the u.s. on a $2 billion non-huawei 5g project. that, as you know, would be a blow to china. other items expected to come up, tie won -- taiwan, hong kong, human rights issues as well. here's how a senior administration official put it in the leadup, quote: i do want to underscore neither country is seeking the raise tensions or provoke china, but at the same time we're trying to send a clear signal to some of the steps that china is taking antithetical to the mission of maintaining peace and stability. of course, stu, we also expect the issue of north korea to be part of the discussions as well. by the way, it's important to note -- you hit on it off the top -- the president, of course, has been holding conversations with world leaders, not necessarily zoom calls, though there have been video conferences. [laughter] but this will be the first face-to-face meeting between president biden and another world leader here at the white house later this afternoon. there will be a pres