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david: here now to talk about this and the wall, how to pay for it, steve forbes, forbes media chairman. steve we're hearing about a lot of different proposals to put in a tax to american people or companies to pay for the wall. is it possible we're going to have a new tax before we have tax cuts, and would that be a mistake? >> it would be a huge mistake. i think a lot of people in congress are pushing for this kind of a border tax. even inside of the white house. i don't think the president at the end of the day will go along with it. putting a 20% tax, sales tax will be paid for by american consumers. so we're going to punish american consumers for alleged sins from mexico, not the way you go about it. and so this whole border tax controversy with some republicans including paul ryan want a 20% national sales tax on imports, that will raise the price of gasoline, for example, david, by 30 cents a gallon. don't do it. david: coming at a bad time. coming as inflation is beginning to tick up again. so people will be paying more because of inflation and then they get a tax and they pay e

paul ryan is an orthodox steve forbes style free trader. he will not like a lot of this.e details of the dealer one thing, but china is violating existing tenants of the wto. >> one of the key things they do in major american companies if they think that's a strategic industry for their economy, they don't hesitate to block them or humiliate them. don't be something put on the table. dagen: i want to move on to this story. house republicans voted last night in favor of a proposal that would get congresses outside ethics watchdog. this places the independent office of congressional ethics under house oversight. the full house votes on this ruling today. should this proposal goes through? "the new york times" this morning if you look at their front page online comment it's like outrage. >> probably inside baseball. i would prefer the more independent style ethics body they had. but obviously it rubbed a lot of a lot of members the wrong way. i don't think this makes a big dent politically unless there's some sort of scandal. you can clearly see democrats urging in themselve

steve forbes joins us a little wounds. his left arm in a sling. that you are in the sling and going through the pain you have. >> i wish it was because of fighting democrats. but i stepped off a curb and broke it in two places. >> it's great you to be here. you are a leader in the media wars so we are proud of you. let's turn to -- you must have relieved some of the pain to watch the president keep this campaign promises and to do so in quick order in the fastest pace set in presidential history. >> that's because they didn't have a formal agenda. he just went through. boom, boom boom, boom. and a lot is getting done. and the thing i hope he focuses on the next couple weeks. house republicans say they want a tax bill in april or may. he should push for it now and make it arow active jan 1. his real threat is not from the mainstream media, it's from house republicans pushing this 20% sales tax that will hit work and middle class americans to supposedly pay for tax cuts. reagan fan kennedy never made the mistake of tying tax cut to spending reductio

steve forbes, elizabeth macdonald, john tamney and bruce. is this a good start? >> the key thing is follow through by the cabinets secretaries and budget for overseas spending for the federal government because you have congress subcommittees and with their pet spending. if you don't do that, this bloat will come back again. david: for those are concerned, steve hurt his shoulder and doing okay. he's recuperating and wish him well. john, is this how the starve the beast? >> i don't think so, i'm all for slowing the growth of the federal government. i think this is a symbolic distraction, it's going to give the citizenry a more efficient government? no, it's not. government is overbloated. if you want to give people a better government. greatly shrink federal head count. they're not doing that here. david: rich, there have been cases where entire agencies, bureaucracies have been destroyed purposely, at least one that we can think of. there was a guy named alfred c khan. he designed this mechanism to destroy the civil aeronautics board and the airlines. when you d

steve forbes.n the middle of this, you have donald trump supposedly getting distracted launching an investigation in voter fraud. that he would have won the popular vote if it wasn't to four or five million illegals. almost everyone is dismissing this, almost. after this. and they're absolutely right. they say that it's hot... when really, it's scorching. and while some may say the desert is desolate... we prefer secluded. what is the desert? it's absolutely what you need right now. absolutely scottsdale. >> neil: all right. well now president trump is upping the ante. long suspicious that illegals might have voted by the millions in the election tipped the popular vote to hillary clinton. now he's launching an investigation into just that. judge napolitano here to say good luck with that. judge, why is it problematic? >> good to be with you. it's problematic because as everybody knows, we don't have one central place from which presidential elections are conducted. we have 51. 50 states and the di

here is steve forbes, chairman of the forbes media.e end of the earth there on election night. >> it was ended quickly dissipated because markets quickly realized president trump, then president-elect trump was going to follow through on deregulation, tax cuts, and fundamentally overhauling health care in a positive way. he certainly has followed through on the deregulatory side. those two pipelines are a great example of it. he wants a big tax cut, as well. one of the things that investors have to watch out for, martha, is to make sure republicans don't mess up that tax cut with a big tax increase. they wanted 20% of national's sales tax, which will hit working americans, middle-class americans, to finance other parts of the tax cut. don't put in a new tax. the color of of the border adjd tax. don't put in a new tax that will hit working-class americans. make it a p.r. tax cut, like president trump proposed in the campaign. you do that, this rally will continue. >> martha: you think he will cut spending? >> i think he will rein in spe

steve forbes, elizabeth macdonald, john tamney and bruce. is this a good start?w through by the cabinets secretaries and budget for

let's find out with steve forbes, john, bruce. steve, we'll deal with the u.s. role in all this in a moment, but should this be the last straw for the u.n.? doesn't it do more harm to the u.s. and allies than good? >> this is a perfect opportunity to throw down the market. we've withdrawn from organizations like unesco part of the u.n. in the past. we should withdrew from various other organizations in the u.n. that wouldn't have any treaty violations and we've got to send the message out there. we're not going to be a patsy for these things in the future. by the way, just for the record, part of the u.n. is the international monetary fund. another subject for another time but also destructive organization. we shouldn't be using taxpayer dollars to undermine our own inrests. >> bruce, let's talk money for a second. we spent $3 billion a year on a united nations the u.s. does. a quarter of the budget. voluntary contributions the last demanded to know how much that was from the u.s. was it 2010. $7.69 billion not insignificant. >> yeah. i don't think there's anyth

with us is steve forbes. welcome, steve.me like the left is making a full court press to make the incoming president look bad and hold up his nominations for cabinet secretary. they are so powerful in the media that the left might win this of the r. battle. >> whatever you think of donald trump, he's not a guy who takes a passive approach. i think you will see sessions portrayed as the opposite of what they are portraying him. the left does not have the moral standing. i think everybody was laughing at what happened at the golden globes. stuart: do you or do you not think the left could win the p.r. battle with the media being oh opposed to trump? >> that begins on how the trump people respond and the offenses they take. trump has a speech, everybody will listen to that, he will set the tone. in terms of the confirmation hearings, most people don't care. trump should move forward and provide more information object tax cuts and the left will just wither away. i want to get back to the fort lauderdale shooting. we have to war

hi, everybody, i'm david asman, welcome to forbes on fox and focus, with steve forbes, rich, mike ozanian, elizabeth macdonald and bruce. steve, it looks like president obama is trying to under mine the change americans voted

hi, everybody, i'm david asman, welcome to forbes on fox and focus, with steve forbes, rich, mike ozanian, elizabeth macdonald and bruce. steve, it looks like president obama is trying to under mine the change americans voted for, no? >> that's absolutely right. what he's doing is unprecedented. going back to john adams 200 years ago, did a lot of midnight appointments on judges. we've never seen a president what president obama is doing. that's where trump must not fall into the trap of defining, what he must do. repealed by executive order, do it. the others congressional approval, let it wait. move ahead on taxes, move ahead on reforming health care. do the deregulation by executive order, don't let obama set your timetable. >> well, bruce, we have a brain room at fox news, they're pretty good and they go back and find there are no examples of departing presidents who advise the party on the last two weeks of his presidency. >> well, i don't know if the brain room realizes this, but we might, this president obama might be the last adult that we have in the white house for a few years.

steve forbes. he was an early worrier about this. just saying you have to move fast. all right. acklash as steve and i were discussing over this global immigration action, travel ban, whatever you want to call it. how much of it is accurate? how much first and foremost is real? here to separate fact from fiction, peter barns. peter. >> well, numerous groups and leaders from nancy pelosi the counsel on american islamic relations or care are calling this a muslim ban. but so far, the two most prominent fact-checking groups, the washington post fact checker and the surprise winning fact are not siding with the critics on this one in a statement this week and president trump himself noted quote there are over 40 different countries worldwide that are majority muslim that are not affected by this order. fact checkers and supporters acknowledge that the seven countries covered by the president's action, iraq, syria, iran, libya, somalia, and yemen are majority muslim but the obama administration previously described them as terrorist hotbeds. other facts are that a lot of the refugees

passed on, steve forbes is arguing, in the form of higher prices.rt: jeff bezos has a house in d.c., how much. liz: basically tens of thousands of square feet. it's a former museum. stuart: 23 million. liz: it's 23 million, and turning a museum into a single family home and it's an enclave for ambassador and cabinet secretaries. two or three years ago he said he wasn't going to move to d.c. when he bought "the washington post." a temporary home, a heck of a temporary home, not a temporary home, home he could visit. stuart: he's the third richest man in the world. let's leave it at that. republicans took the first step towards repealing obamacare and donald trump is tweeting out this morning, the unaffordable care act will soon be history. marc siegel, the doctor is with us. the point is, what follows obamacare? what do we replace it with? are you going to tell us? >> well, i think we can replace it with something more affordable. i think that president-elect trump is right about that. look at it this way. you go to the doctor's office and you have a

steve forbes is one of the supply-siders. he doesn't like the gop tax plan. he wrote the following. the gop border adjustment tax is but a small step away from a full-blown value-added tax which is financing the bloating of governments around the world. that would crush future u.s. economic growth rates just as it has in europe and elsewhere. i should mention, steve is not one of these knee-jerk trump fans. he doesn't like it either. what do you think? >> let's talk about politics, david. the border adjustment tax is intended to fill $1.2 trillion hole in the trade bill, or the tax bill that they have right now. and you have got to get a tax bill through congress. there are enough republicans both in the house and in the senate who will not vote for a tax bill if you leave $1.2 trillion hole in the middle of it. you have got to get those votes. what i think kevin brady produce the revenue through the border adjustment tax that trump -- david: the point, gary, time and again, people who do static analyses of tax cuts are wrong. when you lower significantly tax rates the way donald tr

read steve forbes' column in forbes about the issue. he absolutely trashes this idea. he makes the points that are good supply side points, we want simplicity, not complex my. >> all right, gentlemen, thank you for the enlightening conversation. >> i love you, you're a great man, a great american. >> talk about this for days. >> we'll talk more, i'm sure. we have breaking news. >> tyler, that's right. the independent inspector general of the department is justice announced he's going to be conducting a review of how the fbi and justice department handled what they call certain aspects of the clinton e-mail investigation ahead of the 2016 presidential election. this is an independent bodies within the department of justice which is tasked with looking into all sorts of potential violations of growth and conduct by department of justice and fbi employees. they say they are going to be looking at several different aspects of this including one, allegations that the department or fbi policies or procedures were not followed in connection with or leading up to the fbi direc

to their point, steve forbes recently, you know what? don't raise taxes. don't want it. dangerous idea. anytime you do tax reform this way. business lobbying steps in. no to it. first to kill it. raising prices and hit farmers in the midwest who need to export their goods into mexico. charles: i understand where people are coming from. it is a lot, a lot more complicated folks than you think. that is why it's a proposal but we haven't done it yet. .. charles: one week into the trump administration and there is a feeling of optimism in the air. i'm charles payne and stuart will be back on monday. there is a sense of confidence in the economy. today he renews an old friendship when he meets with theresa may. two politicians who shocked the world when all the so-called experts said they couldn't do it. once the trade deal is in place, it will send a powerful message to the world. two friend who joined forces out of necessity, fighting for a common cause. we are optimistic about the third hour of "varney and company." it starts right now. [♪] charles: the british are not goi

thanks to morgan, steve forbes and tony saying. it's all about stuart varney right now. stuart: dagen, get some sleep, please. dagen: thank you, sir. stuart: hello, good morning and welcome to a whole new world. 2017 is off and running. stocks going straight up. half hour from now, the trump rally paused for the holidays, got that, but with 17 days to trump 45, the stock surge is back and back with a vengeance. make no mistake, this is all about political chge. the new congress reconvenes today. first order of business, fix obamacare. that's middle america's nightmare. cut taxes, deregulate, grow the economy. there is a new sheriff and a new mood, and investors are responding. the democrats? they've got no answer other than obstruction. they're trying to hold up cabinet appointments. nancy pelosi is pleading to keep obamacare. the president himself is putting up roadblocks to protect his legacy. but investors see rapid change, they see rapid change coming soon. they are voting with their wallets this first day of 2017 trading on wall street. politics and money, that's wh

they don't want to increase the deficit of course, but someone like steve forbes, who you frequently have on your program adamant trump supporter says great tax cutters like reagan and kennedy weren't worried about if i'm cutting taxes where will i have spending cuts? will it be contingent upon that? no, you put together great ideas. you boost economy. that will boost revenue into the treasury. that is the idea behind it. coming in like a big snowball. you know, i'm pretty sure that donald trump will change things as things go. neil: connell, we talk about this many, many times. think about it, donald trump is going to be addressing some of those same big establishment figures in his own party who are very happy they're in charge and very happy ostensibly of republicans in the white house even though he might not echo everyone of their goals or the pace they want to work but they're also to a man and woman reminding him about tax cuts that have to be revenue neutral and all this. >> right. neil: how is that going to correct itself? because they have very different visions when it com

we had bread listen, steve and director forbes and daily and congressman hoffman wanted to know what we were doing with sea level rise and port sapping presentation and he was really interested, have a lot of input to say about that good you made it clear that the port is under reader poses jurors that he will work with leader allows eight and congressman-having to do what we can do. i think brad and steve did a great job of explaining and showing him what can happen with sea level rise if we don't get out front. then we had an opportunity to take them out on a tug we showed him the waterfront and he gave his input. he also talked about is getting going after more grants that he wants to support the port of sport san francisco pier 80 and congressman hoffman is an environmentalist. so we really cares about the environment and things like that. it was just really good to have him here. so i'm hoping in the spring when director forums since adulteration with the chamber back to washington dc that we will lobby on our issues and he understood that. i think we have to continue to invite

forbes and he said to me, this is the difference between me and steve harvey and other entertainers hadthey went in with a demand which is dr. king did. he didn't meet with presidents without a demand. they went with a demand and dr. ford said that martin iii felt he had a responsibility, especially on his father's birthday to inform donald trump what would be expected of him by martin luther king jr. >> i get it. it was a difficult tight rope and i understand why he was there and why he handled it the way he did and i understand jonathon's point about how you have to be careful who you are talking to. to the question of donald trump even knowing the history of someone he's been embroiled in all weekend. he apparently knows nothing about heros. he was asked in the london send times, does he have any heros an the question was put to him throughout human history. anyone in human history he could think of and listen to this answer from donald trump. well, i don't like heros. i don't like the concept of heros. it is never great but you can respect certain people and there are certain people

steve, we mentioned jared kushner, the son-in-law of the president. he was instrumental in the president becoming president, winning the election. we found out how much show particularly after the election, "forbes" magazine had a great p.d. tailing what he did. how much do you think jared kushner will be playing in advising president like tax policy and regulatory policy? >> i think jared may be the most powerful voice in this administration other than obviously donald trump and mike pence. i've been in many meetings with donald trump where jared will be in the room. he won't say a lot, but then what happens is, he will go over and whisper something into the ear of donald trump. that is what he is really listening to. i think jared is someone who will have extreme influence. he has donald trump's obvious implicit trust in terms of everything. i've come to really admire his judgment. i think he is a real asset. you have all the trump family memmembers. the government doesn't have to pay them. david: there you go. by the way, betsy devos, others, taking one dollar salary. a number of people in his cabinet are not going to cost american taxpayers either. melissa: so the opposite of what critics we

steve chenevey thanks fos joining us this morning. >>> it is 8:00 a.m. on thisn friday the 13,. 1 don't be scare.t we got it all worked forbe you..menu.enu right now police are trying torn track down a man assaulted three women in the past two days.o day melanie alnwick is live in the h district with the details. mel? >> reporter: bold suspect, a shocking for some time of day.. all within just about a mile a l radius of each other. we're going to tell was you need to know. >> russian news network interrupts a c span online feed was it the work of hackers? the investigation is ahead. >>> also, bad dog. dog sonny the obama's portuguese water dog fighting a guest at the white house. we'll show you who had to get pick up. u live look outside after two dayy of mild weather temperatures ara about to drop. dro look at your weekend forecastors weather and traffic coming up on the 5's. >>> we start in montgomerytart i county. desperate search under way for mother and four month ounldder d missing from silver spring.sprg. take good look at your screen. s the woman on your left her namee and her daughter zoey there onhe the right last seen