bill abbott finds it in caffeine. >> taster's choice. i'm a coffee drinker.of coffee a day, i'm usually pretty good. that's my choice of drug. i don't know what i'd do if i didn't have coffee. that's what gets me to drawing. this is pretty much what i do all day long. i draw a lot on cards and sell them, draw anything that maybe somebody specifically might want, a portrait of somebody in their family, they buy all the material and i do it. i get paid that way. i had to put my name on the wall. that way it looks a little bit more presentable. >> abbott also uses his art to connect with his mother. >> makes her day when i send her like a "thinking of you" card. she has all kinds of pictures that i've done for her, jesus pictures, pictures of jesus, all kinds of religious pictures i like to do. >> she's religious? >> yeah, christian. >> as though his devil horn tattoos aren't ironic enough for a christian-themed artist, abbott is also serving 40 years for stealing from and burning down a historic catholic church in his hometown. and while he claims he didn't do

abbott says it will increase business and push down household power bills. itics say abbott is taking the economy backwards. >> 32's. the clean energy legislation carbon tax repeal bill and seven related bills passed. >> so australia's price on carbon is no more. the vote in the upper house of parliament came after the government won the support of the micro parties and independent senators. the tax saw the biggest polluters for each ton of carbon dioxide they created. the levy is said to be a hand break on the australian economy. >> you voted to scrap the tax in september last year. today the parliament finallien willed. today the tax that you et vo -- you voted to get rid of is gone. the tax that hurt family's cost of living and hurt the environment is gone. >> because australia is responsible for 1.5% of global emissio emissions, whatever it does is inconsequential. australia is among the world's highest per capita emitters of green house gases thanks to a reliance on cheap supplies of coal. critics say the prime minister created a monumental blunder. >> t

the conservative prime minister abbott says the axing will boost business and push down household power bills. critics insist mr. abbott is taking australia backyards. phil mercer reports. >> the matter resolved in the affirmative. the clean energy legislation bill and seven related bills passed. >>> so australia's price on carbon is no more. the vote in the upper house of parliament came after the government finally won the support of micro party as and independent senators. the controversial tax saw the nation's biggest pollutants pay a fee for each ton of carbon dioxide they emitted. abbott, the prime minister who came to power 10 months ago said it was a break on the australian economy. >> you voted to scrap the tax in september last year. today the parliament finally listened. today the tax you voted to get rid of is finally gone. a useless destructive tax which damaged jobs, hurt families cost of living and didn't help the environment is finally gone. >> ministers contend because australia is responsible for less than one and a half % of global emissions, whatever they do is inconsequen

bill: tony abbott said this is not a accident. this is a crime. don't know what the white house has to say just yet. we're awaiting word on. that. would you expect the president to say something, very soon on this? >> yeah. i would expect him to. i have learned sometimes tamper down my expectations from the white house. but i think he ought to. he ought to be very clear. call putin out by name. call russians out by name and make it very clear that the united states will embolden our nato allies. i say restart the missile defense shield and make it clear, look the reset didn't work. so, by vladmir putin's own choosing, they're now going to have to pay a penalty and rally the europeans with us on economic sanctions, step them up and make the russian economy feel it. russia is paper tiger. their economy is $2 trillion. our is about $18 trillion. they're not our equal. they're a 20th century gas station. we need to make that clear. bill: adam kinzinger, thank you for your time from washington. >> thank you. bill: heather. heather: israeli leaders they

as their abbott to pay bills declines, the coast of water has only gone up. 119% over the last decadeying that detroit's water department doesn't have the right 0 to try and collect what it's owed. it does. why not start with the 57% of the commercial users who still haven't paid their bills or the 55% of the industrial users who are also delinquent? between the two of them that's nearly $30 million in outstanding payments or, here's a thought, maybe try saving money by turning off the untold amounts of water continuously flowing through leaky pumps in abandoned buildings. in the meantime, keep the water running for the people who truly need it the most. you are the emergency manager for the city of detroit. you are supposed to be helping the people of detroit out of an emergency situation not finding new ones for them. sincerely, krystal. ile a body in tends to stay in motion. staying active can ease arthritis symptoms. but if you have arthritis, this can be difficult. prescription celebrex can help relieve arthritis pain, and improve daily physical function so moving is easier. beca

bills. the generic drug maker is buying a piece of abbott labs for more than $5 million.nia company will reincorporate in the netherlands to lower its corporate taxes and free up cash that is held overseas. it gives them a wide array of abbott brands. and one of the largest inversion deals ever is on the table. they are close to buying the irish company shire for $53 billion. here is a festering u.s. health care problem fit for the emergency room. visits to the er. way too many people heading to the emergency room don't need to be there, but they often go there because they don't have healthcare coverage. that makes healthcare a lot more expensive for the rest of us. the hope is that obamacare will reduce some of that by giving more people health insurance. in the meantime a partnership in the seattle area could cut costs and provide a model for reducing unnecessary er visits. alan tell me more about what this is about. >> good evening, ali. this is a big city hospital and a small government funded community clinic. they are trying something new. this is a pilot program a

. >> more on mylan's deal with abbott labs and what it means for the company's corporate tax bill. we bring in heather bresch in. i know you've been busy working on the deal we're hearing about here. are we making too much of the tax thing? that's all we're talking about. we haven't discussed the strategy of buying these drugs from abbott labs. >> right. so, i'd like to first start talking about that, because i think the reaction today and a lot of the reports coming out have highlighted the strategic rationale for this deal. we had said that we would not do a deal for a tax sake or a synergies sake, that it needed to make strategic rationale to our core business and compliment our platform, and this deal does that tremendously, both from scale commercial platform' lowing us to avoid costs of building out that physician base channel in european and other important markets to us, as well as the financial flexibility it gives us. so, the strategic rationale of this deal is truly what we have been saying that we would do, and this certainly fulfilled those strategic lovers we talked a

abbott labs selling a unit to mylen, creates a new venture based in the netherlands. they'll be joining bill"closing bell" later on. >>> we're looking forward to this one, nothing more emblematic that is the schilling of companies leaving this country to lower tax rates. senator ron wyden has come out cautioning against this behavior, yet a couple banner deals. >> are they being unpatriotic by doing this? or do we just simply look to washington to change the tax codes so that they aren't forced to do this? >> were you listening to "street signs" earlier on today, bill? we were talking exactly about that point. >> see, great minds think alike. >> great minds think alike. we'll ask him about that. >>> all stops at the top of the hour. >> is that heather? >> it is, heather will be with us. >> so the unpatriotic question should be particularly of interest. she's a good pittsburgh girl. do you know who her dad is? >> senator joe manchin of west virginia. >> heather has been on this show, i consider he a friend, i would be really interested to see how she answers that question, guys. >> student. w

that bill is likely to be reintroduced sometime today. as for what it means for consumers, tony abbott'sings of $550 per year are getting steadily watered down. supermarket chain woolworth's says they have avoided price hikes when the tax was implemented. gas prices have been rising steadily, but issues are not connected to the carbon tax so don't expect any savings there. market conditions simply don't allow their reductions. the carbon tax repeal is not really going to affect the hip pocket that much, angie. >> all right, paul allen, we will leave it right there. but we're talking about green, australia is doing one thing, but china is ruling out -- is rolling out a weapon in its battle against pollution. this time it is all about cars. david will bring us up-to-date on this one. >> is about government cars and thet their targets for minimum procurement requirement that all government departments will have meet when they buy new vehicles. there was a statement posted on the government website on the weekend. the key take away is at least 30% of new government cars must use alternative

as governor, texas attorney general, greg abbott bravely said, quote, texans are willing to put boots on the ground. but we expect washington to foot the billxas politicians of both parties have never been shy about expecting the federal government to foot the bill for their bright ideas. since the national guard does not have the authority to arrest anyone, it is not clear how they will keep themselves busy on the border. democratic texas state representative terry said a soldier standing there with a gun who cannot detain or arrest somebody, they might as well be carrying broom sticks. >>> up next, israel versus hamas, and the hopes for a cease-fire. ♪ in the nation, the safest feature in your car is you. add vanishing deductible from nationwide insurance and get $100 off for every year of safe driving. which for you, shouldn't be a problem. just another way we put members first, because we don't have shareholders. join the nation. nationwide is on your side. i think she tried to kill us. no, it's only 15 calories. with reddi wip, fruit never sounded more delicious, with 15 calories per serving and real cream, the sound of reddi wip is th

abbott laboratories brand outside the u.s. for $5.3 billion. the new deal will bolster the product line and, of course, cut its tax bill. >> just another exampley inversions help, why it's only a piece of the pie. there's a lot of other things that go into these types of deals. but the company shouldn't be put on trial while they're doing an inversion. it's totally legal and it's evidence the ceo said it earlier on cnbc. if our congressmen need to get together and have true corporate tax reform. don't blame the company for doing what's in the best interest of shareholders. >> that's another tax potential deal. >> that seems to be a much bigger issue. how do we have this tax policy that's so punitive. more than almost any other country in the world. i don't know how this isn't getting to be sort of crisis already. you know, there's a lot of -- there's a lot -- tons, billions and billions of dollars offshore. >> and let's not forget this deal makes sense anyway. it makes sense and it's not expensive on a tax conversion scale, somewhere less than seven times adjusted ebitda. not like they overpaid for this. a good deal on a lot of metrics. if the

greg abbott of texas says the states are paying. this they're footing the bill attorney general. he says there are costs to all this, humanitarian, health care, law enforcement demands. i'm looking into taking legal action against the united states. so what he's saying is we can't afford this. we simply cannot afford the 60,000 illegal minors who have come in and we don't even know how many are potentially going to be here. one of the problems is because it's happening during the summer months when school is not in session. of course, they will end up going to our schools, we'll pay for their education, paying for their medical treatment. we'll be paying for potentially the crimes that end up being committed. >> one group i mentioned yesterday. and i think it bears repeating again, people said, i had no idea they were involved and thank you for their help. the catholic charities. where the federal government has failed to intervene and help out, the catholic charities coming in in texas now, sheltering these children, providing them food, giving them blankets. t

thing and tony abbott, the prime minister, he should be heralded as a leadership for his courageous leadership to help the poor when energy prices needlessly rise. upon passage of the bill to repeal the tax he told the australian people, this is his quote, listen very carefully, mr. president, -- quote -- "the today the tax that you voted to get rid of is finally gone. a useless, destructive tax which damaged jobs, hurt families, cost of living and which didn't actually help the environment is finally gone." he's talking about the tax that they passed in the country of australia and just recently have rescinded that thing. and, by the way, there's a guy, senator cory bernardi -- bernardi came out, i happened to see him three or four days ago in washington. he was here and he was one of the senators who actually had promoted this to start with and then changed his mind and realized that this is something that is worth repealing, and they did it. so the australian people are thanking their prime minister and i believe that we will be able to protect the american people from the sentless global warming policies in the united states. it's something they've tried for 15 year