joe's son hunter is reportedly in hot water with the irs. "the daily caller" reporting the agency placed a lien on hunter for about $113,000 in unpaid taxes from the year he served on burisma's board. joining me now is lee smith,np e author of "the plot against the president." and brett tolman, former united states attorney. thank you for being here. lee, you are joining me in studio. set the scene, because there are a lot of problems and challenges with hunter biden and what he did while his father was the vice president of the united states. >> it's an enormous challenge to unwrap the different problems. while it's a sad personal story it intersects with the national security of the united states. his father was vice president and the different problems that we see hunter biden had regarding substance abuse sadly, regarding women regarding money, this is one of the things the new story about the irs reveals. these are different things that intelligent services, hostile services could use to compromise american national security. it's not ju

i agree entirely with what brett is saying about getting to the bottom of this, finding out what the irs stories about. there are lots of other stories that we need to understand exactly what hunter biden was doing on the board of burisma. we also need to know why didn't president obama look at what was going on here. did the intelligence community brief them? were they aware of the potential problems with having a gentleman with the problems hunter biden clearly has working for a foreign company under investigation by a foreign power. >> jason: that's what we heard during the impeachment trial. we heard testimony that the state department and their preparation for somebody's going to go with the senate confirmation actually was briefed by the state department saying you might want to be aware, you might get some questions about hunter biden and we don't know exactly the best answers. i'm kind of summarizing here. suspicious stuff. this whole thing about the irs, if they are slowing down at all because it's a biden, that is really, really a problem. >> it is going to be a problem if they

the committee subpoenaed the treasury department and the irs for those in may after the agencies refusedsued. that was five months ago. there's still no decision from the court on it. since then, many critics have accused the chair of ways and means committee, congressman richard neil, of dragging his feet. meanwhile, however, as we face the question of whether or not the president's taxes will be made public before election day 2020, there's also a story of a whistle-blower in the irs that sort of looms in the background. in august there were reports an irs whistle-blower came forward with concerns about that agency's handling of the audit of the president's or vice president's taxes. senate staffers have reportedly met with the whistle-blower but given the impeachment it seems like more public information on this would be useful one way or the other. joining me to talk now about the status of the president's taxes, noel bookbinder, executive director for citizens of responsibility and ethics in washington. elliot, let me start with you, when i saw the grant by the court on friday, i wa

the washington post is reporting a whistleblower filed a complaint with the irs claiming the lds church has stock piled $100 billion that was supposed to be used for charitable purposes. the complaint urges the irs to strip the church of its tax exempt status and goes on to allege it could owe billions in taxes. the church told us tonight it doesn't provide information about specific transactions or financial decisions, but it went on to provide us with this excerpt from its church principle, quote, the church is not a financial or profit-making institution. it uses resources to carry out its divinely appointed mission. by the way, the whistleblower is a former church investment manager, and the post is reporting that he's also asking for a cut of the unpaid taxes the irs recovers. >>> pressure tonight on undecided members of the house to declare if they're for or against impeaching president trump. the vote expected in just 2 days. so far 2 house democrats say they are voting no. new jersey democrat jeff van drew is expected to switch parties after the vote. representative collin peter

lyndon johnson would be impeached, used the irs, the fbi, and the cia, to protect and tap into his belittle opponents into civil rights leaders. by the way, became a multimillionaire while he was a senator. we have a lot of impeachment going on under these bogus rules that this rogue house democrat leadership has put in place. let's look at the history of the democrat party. it's an ugly history with some gaps of goodness. the party of slavery. the party of segregation. the party of jim crow. and when the democrat party does what it does like that, it needs to be slammed down. and it needs to be slammed down now! the next democrat president of the united states must be impeached. not to get even, not because we are at a low level. but because the republicans can't live under one constitution when the democrats live under and other constitution. it's the only way we are going to stop them. one party cannot be allowed to abuse the constitution, waited around around, while the other party since there and takes it. the democrat party must be slapped down. the next democratic president, if they

and in fact to was it who misuse the irs most recently, the obama ministration when they went afteafters the 20th impeachment in american history and i have to say it's a weakest case for impeachment that's ever been filed by the house of representatives. >> nixon was charged with using the fbi and secret service to spy on political enemies, under the obama ministration the obama administration tried to seize the phone records of associated press reporter, fox news reporter, as for the clinton impeachment he was charged with repeatedly commute committing p, lying to a jury to stop the public biden about his affair with monica lewinsky who was seven years older than his daughter chelsea. your reaction to that? >> concentrate on the nixon claims that he was using the fbi to spy on his political opponent. we just got an ig report of the fbi launching a spying operation on the trump campaign and the id says that the fbi misled the fisa court, omitted to tell them about exculpatory information and failed to tell the court about the lack of credibility about their informant which is basically

we know there is a whistleblower out there saying there is political interfeernts in the irs's auditsf the president's tax returns. we don't know a lot about it but we know that's out there too. >> definitively settling one way or another. >> absolutely. we know so little about this right now. but potentially could be one of thoez things that bubble up and start to cause new headaches for the president in the months ahead. >> i think they have retained counsel. it may be there's nothing there. the issue seems to be, lin of these things, some sort of definitive transparency seems so crucial to establish, particularly in the run up to reelection. thanks for being here. >>> that is "all in" for this evening. "the 11th hour" with brian williams starts right now. >>> tonight a big week for impeachment begins. while it's historic for the presidency, there's a whole lot riding on this process including the targeted house democrats who won in districts that trump carried and who are deciding to vote yes knowing it could mean their jobs. we'll show you one such member of congress and hear what

there are special protections for whistle-blowers under the irs code. allowed to come forward to the committees and give information to these committees under the cloak of whistle-blower protections. now, i mean, one remedy here would be to have the head of the finance committee in the senate, republican senator chuck grassley issue a subpoena rather than just telling the whistle-blower it's a voluntary interview or nothing, don't hold your breath on that one, but what about chairman richie neal of the house ways and means committee. he has also seen the whistle-blower complaint. we know that because he notified the court about it. chuck grassley might choose to sit on this whistle-blower complaint because maybe he doesn't want to know, but chair han neil could issue a subpoena as well to get that testimony. we reached out to the house ways and means committee for comment as to whether or not they're considering this. we haven't heard anything back, but i do have questions, including questions about whether or not this whistle-blower just like the other

the former investment manager for the church filed the complaint to the irs. es church leaders of misleading members by allegedly stockpiling donations instead of using them for charity. the complaint also accuses the church of setting aside tax-exempt donations in order to prop up a pair of businesses. the whistle-blower is urging the irs to take away the tax-exempt status of a non-profit investment firm used by the church. in a statement the church said it does not provide specific information about transactions or businesses. >>> the "los angeles times" says actress lori lof loughlin and her husband are accusing prosecutors o withholding information. they say reports would show loughlin and her husband did not pay $500,000 in bribe money to get their daughters into usc. the attorneys say the couple believed the money would go to legitimate university purposes or charity. >>> and the "washington examiner" reports on a study that says e-cigarette users have a higher risk of developing lung diseases than those who smoke regular cigarettes or never smoke at all.

and part of the delight in finding this outcome is how much the irs will reach into the lives of overseass, and things like gifts, you have to be careful about gifts. and you can imagine as a royal baby, he might be subject to receiving quite a number of gifts. which just make sure you keep your eye on that with your taxes. gerry: americans and britons have gone to war on tax in the past, just kind of wondering about taxation without representation for americans. jamie quick look at 2020 what is your perspective what you think you're going to be the big themes in business in 2020? it's continuation of 2019 r1 new focus on something else cream? >> well for boeing, now that they've halted production, that's going to be a huge economic story. there are 600 stories in this the clyde shane there's really no visibility on when it's gonna come back. so that's a huge economic story. the election, you know assessing president trump's record on business and of course his rivals and what they mean will be to big things. gerry: charles, financial markets? >> it's going be a fascinating years can be v

i'm working with the irs to release the data, because one of the issues is the way the irs releases the data now is on closed cases, not open cases. but i can assure you when i saw that article i had the same concern. i called up the commissioner and i said we should be doing more of these audits, not less. we are going to release this data in a transparent way to assure you that the people who are making the most money are getting high audit rates. >> that's fantastic to hear. >> by the way, if you want to give us more money for enforcement, i'm happy to take it. >> we will absolutely talk with you about that. i think that's a great idea. are you telling me then the number is much lower that is being audited? >> no. it's higher as a matter of fact, thank you -- again, this is the problem in the data you guys just gave me. the way we report the data is on closed audits. these audits take obviously a long period of time. i'm happy to come back and i'm going to get the irs to release publicly. the way i think we should be looking at the data is for each tax year, what percentage of an inc

leaders of panama, president endara and vice presidents calderon and ford, were sworn in and assumed the ir rightful positions. they welcome and support our actions and have stated their intention to institute a democratic government immediately. the united states has recognize that government and will restore normal relations and will cooperate to rebuild a free and prosperous panama. pres. bush: i, today, directed the secretary of the treasury and the secretary of state to lift the economic sanctions with respect to the democratically elected government of panama and in cooperation with that government to take steps to affect an orderly unblocking of panamanian government assets in the united states. i am fully committed to implement the panama canal treaties and turn over the canal to panama in the year 2000. the actions we have taken and the cooperation of a new, democratic government in panama will permit us to honor these commitments. as soon as the new government recommends a qualified candidate, panamanian, to be administrator of the canal as called for in the treaties, i will submi

the "washington post" reporting that a whistle-blower filed a complaint with the irs claiming that they lds church stockpiled $100 billion that was supposed to be used for charitable pretty purposes. they are urging the -- alleging that they could oh billions in texas. the church told us that it is not provide information about specific transactions or financial decisions. but it went on to provide us with this excerpt from its church principles and, quote, the church is not a financial or profit-making institution. it uses resources to carry out its divinely appointed mission. the whistle-blower is a former church investment manager and the "washington post" reporting that he is also asking for a court of the unpaid taxes that the irs recovers. >>> an importance up in court decision on homelessness leaves intact a lower court ruling saying cities cannot punish the homeless for sleeping outdoors. if no other option is available. here in the bay area, the city of san jose says it agrees that criminalizing homelessness and poverty is not the solution. remember to keep sending your stories

i am afraid that if we supported or didn't support the cfc, the irs the water it out.ceit and deception that they've exhibited isjust beyond the pale. wada under this particular administration has not really stood up for the athletes the way that we deserve. london 2012 was just one of the events sabotaged by russia's cheating. seven years on, the fallout from sport's greatest—ever scandal continues. dan roan, bbc news. arsenal players haven't had much to celebrate of late but finally after a winless run in the premier league stretching back to the start of october, they were victorious, running out 3—1 winners over west ham. after falling behind in the first half, freddie ljungberg's side turned it around in nine second half minutes with gabriel martinelli, nicolas pepe and pierre—emerick aubameyang. it's ljungberg's first win since becoming interim boss. we have a lot, a lot to work on and a lot of things that we can see that we need to get on the training pitch to fix, but they have been under pressure for weeks and weeks and weeks but they haven't won. so to have t

but it was an improper use of the irs and i wouldn't do it. >> in the timeline in 1971 portion of the timeline, we included an episode that some people don't ordinarily associate with watergate. but we do. it involves an abuse of governmental power and shows the president's mindset in the summer of 1971. this is when the president ordered haldeman to find out the number of jewish-americans in the department of labor's bureau of labor statistics. you can listen to the president ordering this from one of the white house tapes. this led to an illegal action which was an investigation to determine the ethnic background and religious background of members of the united states government. discrimination on the basis of religious affiliation is illegal in our country. this form of abuse of governmental pour was cited by the house judiciary committee when it described misuse of power. we include it because it was in july of 1971 at the same time he president was putting enormous pressure on the white house to go after his political enemies. this comes out of the same spirit and unfortunately

according to a new report from "the washington post," a whistle-blower filed a complaint with the irsh's stockpiled $100 billion intended for charitable purposes. the urges the irs to strip the church of its tax-exempt status and religious it could owe billions in backs texas. the church telling us that it is not provide information about specific transitions or financial decisions. but it did provide us with this excerpt from its church pump principles thing the church is not a financial or profit- making institution. and uses resources to carry out its divinely appointed mission. the whistle-blower is a former church investment manager and under federal law, he could get a court if the irs does recover unpaid taxes. >>> westerling authorities have issued new warnings after eight mega blaze spread beyond containment line's and raised homes. the blaze is a combination of several fires burning to the northwest of sydney. residents have been urged to evacuate. 12-year-old boy who was alone sheltering his family's -- had to drive away from the fast- moving fire for his life. >> he was pr

few years ago was the irs, then it was the fbi. and now it's the impeachment in congress going over 63 million people and the guy we put in the white house. >> that's wonderfully funny. it's good entertainment in the morning coming from jim jordan. they don't like us? i'm sorry, jim, i am -- you're talking about a guy that went to state schools in the deep south and, unlike you, i'm still conservative. i still believe in small government and balanced budgets and free trade and pushing back on russia. so us? don't try that. this is about a president of the united states who actually likes russia, likes vladimir putin, likes doing whatever he can do to help vladimir putin, whether it's saying that ukraine's not a real country or trying to undercut the democratically elected free leader of ukraine while vladimir putin has invaded that country. you know, you can roll up your shirt sleeves and take off your jacket as long as you want to. you can do this us versus them flyover space crap, i invented that, all right. me and a lot of other

what i'm interested in looking at is how the irs is treating the wealthy.the "wall street journal" reported irses audit rates for people making more than $10 million a year have dropped more than 80% in just the last fourr is. why are they being looked at so much less frequently? >> that's actually not the case, and i'm working with the irs to release the data, because one of the issues is the way the irs releases the data now is on closed cases, not open cases. but i can assure you when i saw that article i had the same concern and iat called up the commission and i said we should be doing more of these audits, not less. we are going to release this data in a transparent way to assure you that the people who are making the most money are getting high audit rates. >> that'ses fantastic to hear, o speeded by the way, if you want to give us more money for enforcement i'm happy to take it. >> we will absolutely talk with you about that. i think that's ac. great idea. are you telling me that the number isg much lower that is being audited? >> no, it's higher. a

i'm sure that incurred the ire of many people within the iraqi government to have u.s. forces striking iranian targets on their soil. and some of thosetarget s consisted of iraqi citizens. it's the most confusing situation you can imagine. very complex. but what we've seen in the last couple of days is the ire of the iraqi citizens have changed from countering iranian influence inside of iraq. many people were against that but now countering american presence within iraq. as you know, we have about 5,000 troops there. >> general, of course, very important to clarify. and thank you for that. for our viewers, these are iraqi militias that have been sanctioned by the iraqi government. but they are backed by iran. and as you just mentioned, they have some iranian elements among them. and that is why they were the targets of the u.s. air strikes. i want to ask you, the trump administration is saying these air strikes which, as you mentioned, there were five of them taking place in iraq and syria, would serve as a deterrent. now that we're seeing this very violent response in

tax base within arms of the irs. big tech sort of wanted a cohesive plan because it is easier to follow with business planning. does this even solve the problem, because it is sort of an opt in, opt iout? could create confusion for companies to see which is the better deal. it opens up opportunities for companies to run the numbers, come up with different case scenarios. does a lot of work for tax lawyers and accountants, but not good for people auditing this and the countries to figure out what it looks like. shery: we know the french do not like the u.s. proposal. could other countries like it? laura: that is possible. you look at the countries where they have a lot of consumers, maybe not a lot of operations. india, china. france is also one of these countries where they say we have an opportunity to get more tax revenue and we want to stick with that. we don't want to give people an opportunity to opt out. this is really a key sticking point going forward. one of the first roadblocks we have seen in these negotiat

the irs enemy audits. they found no basis for prosecution. the mistreatment of demonstrators. that is this. the 30 pay to play investigations of agency decisions. where they would say, look these , people gave money because they wanted a particular regulatory decision. we did not prove a one. we cannot find one. sales of ambassadorships. the hughes-rebozo investigation into the loan. i think it is to nixon's brother. and finally, the national hispanic finance committee investigation about which i knew nothing. there was a whole list. we gave it the real go. we could not find anything in these areas. if we had 100 people, we could investigate temple, and we would come up with more stuff than they came up with against the next administration. comment more he stands' after he had been cleared of all the finance investigations. they investigated several hundred such accusations through thousands of interviews and subpoenas, thousands of documents, using his own organization, the irs and fbi, the computerized records of data gathered by the senate watergate committee and informatio

a yemen based high-ranking commander of the ir gc force. this is a part of the rewards for justice program for information leading to the disruption. he planned multiple assassinations of coalition forces in iraq, provided weapons and explosives to violent shia extremist groups and planned a january 20, 2007 attack in karbala that killed five soldiers and wounded three others. in 2011, he founded and directed a plot to assassinate the ambassador to the united states. this would have been carried out in a restaurant in georgetown. he also aimed to carry out follow-on attacks in the united states and elsewhere. had this to succeed as man succs 200 innocent civilians in the united states could have been killed, given the track record of trick o trigger resume and destabilization in iraq we remain concerned by his presence in yemen and the potential role in providing advanced weaponry of the kind that we have interdicted. iranian missiles and explosives boats have been used. it otherwise wreaks havoc in the region. this designation together with

new study by institute of taxation policy lowering corporate tax rate had big impact on the irs. loaferring the corporate rate to 22%, the effective rate according to the study is just 11%. democrats jumped on this companies need to pay more. other think tanks said yes, when you lower corporate tax rate they will take in less money. however the cato institute says this study is skewed does not take into account one-time deductions, that taxable income reported to the irs is not made public. the cato points to different gauge, marginal effective tax rate. canada did the comparison to see how their tax system stacks up to the u.s. the canadian finance system found u.s. marginal tax rate is 18%. democrats want to be president, jumping on the fact that companies like amazon are not paying their fair share. >> let's build on the things we care about for each other. let's ask amazon, pitch in a little more so we can build an america that works for our children and for our grandchildren. i think we can do that. because i believe, in the worth of every single person and i believe we can b

also use the irs contain a break in the inquiry with newspapers. kennedy and the irs. and not just democrats, lbj tapped the phones of his political opponent. tapped the phones as vice president. and we have republican examples too. is this a joke that the phone call by donald trump is the worst example that these professors and others could come up with? if that's not impeachable nothings impeachable. under that theory everyone of these men should have been impeached. >> they have created open ended criteria which does not go along with the constitution itself. and if president trump is impeached, it will set a terrible precedent which role weaponize impeachment and the next democrat gets elected will be impeached. because they will find it abuse of power. it's hard to find any president whether a modern president or an old president that can't be accused of abuse of power. it may give you another example franklin wrote written roosevelt, he instructed his generals saying i don't want them tried civil and i want them electrocuted. telling the attorney general how to tr

on the very wealthy increased, that would come with more resources for the irs with higher audit rateswould allow to reduce tax avoidance and takes evasion to much lower levels than the current levels >> there are effects to these plans and this new study says that the impact on the economy could be actually pulling back on growth by somewhere between 0.9 and 2.1% by the year 2050. what's your response to that >> i think it all depends on how the tax revenues would be used if the revenues are used to fund things like child care, pre-k education, that would actually perhaps boost growth because it would make it easier for young women, for young parents to work and to be part of the labor force. so that's what matters how the money is used. i think the most likely outcome of such a wealth tax, if it was used for education, used for health care would be to slightly increase the growth rate of the economy rather than reduce the growth rate of the economy >> i know you're not a political operative but i wonder if you think the plan as it's been proposed has had anything to do with what some

business bureau is what we are calling it because according to a new report from "the daily caller," at the irs actually placed a lien on over $100,000 in unpaid taxes from hunter biden from the same year he served on burisma's board. he is raking in a bunch of money, the drifter he is, and he won't even pay his taxes. the evidence is so that even biden's partners in the media mob are beginning to admit this looks like a political disaster. take a look. >> and he needs to have tight, consistent answers that are logical, not defensive, not emotional. this is going to continue to come up and he needs to know how to deal with it because it's not going away. >> gregg: but frankly it does think that hunter biden got this contract with no expertise and e energy sector and that he likely has already said basically, he got that money which was significant because of his connections with his father, the vice president at the time who was also in charge of ukraine at the time. >> gregg: jake said it stinks? mark the day on your calendar! from constant campaign plunders to a weak record to his son's shady

and part of the delight in finding this outcome is how much the irs will reach into the lives of overseasens, and things like gifts, you have to be careful about gifts. and you can imagine as a royal baby, he might be subject to receiving quite a number of gifts. which just make sure you keep your eye on that with your taxes. gerry: americans and britons have gone to war on tax in the past, just kind of wondering about taxation without representation for americans. jamie quick look at 2020 what is your perspective what you think you're going to be the big themes in business in 2020? it's continuation of 2019 r1 new focus on something else cream? >> well for boeing, now that they've halted production, that's going to be a huge economic story. there are 600 stories in this the clyde shane there's really no visibility on when it's gonna come back. so that's a huge economic story. the election, you know assessing president trump's record on business and of course his rivals and what they mean will be to big things. gerry: charles, financial markets? >> it's going be a fascinating years can be

the reason they sited they said was to oversee the irs's audit process for presidential tax returns. you can judge that for yourself. in the financial services committee, democrats demanded and subpoenaed the president's bank records going back ten years. the financial services committee staff, the republicans tell me, the information demanded would cover every withdrawal, credit card swipe, or debit card purchase of every member of the trump family, including his minor child. the reason that the democrats gave for why they needed such voluminous and intrusive information about the trump family was, get this, financial industry compliance with banking statutes and regulations. here in the judiciary committee, democrats sent out letters demanding information from over 80 recipients, including the president's children, business partners, employees, his campaign, businesses and foundation. of course the main event for the judiciary committee was the report of special counsel mueller which democrats would believe would serve as the evidentiary basis for impeaching the president. despite i

president franklin roosevelt used the irs to target his political opponents and fdr used the irs as a weapon of political retribution. monitor political opponents, including congressional staff. he deported one of his mistresses to avoid scandal. president lyndon johnson spied on goldwater's campaign, signing off on wiretapping his opponent and goldwater's airplane and using a cia spy to obtain advance copies of goldwater's strategies and speeches. failed to provide documents to congress related to fast and furious. his constitutional recess appointments were unanimously struck bye-b the supreme court. lie to the american people about ben gau b ben ganzy election. despite these clear abuses of power by fdr, jfk, lbj and obama, republicans did not impeach. why? because the framers did not want a low bar for impeachment. they wanted congress and the president to work out their differences. when i asked professor turley if any president could avoid the impeachment with this low standard, he said no. i yield back. >> gentleman from new york. >> madam speaker, i would remind the gentleman

almost $200 million to resolve a investigationx and has admitted it helped american clients cheat the irslement relates to conduct from the year 2000 through 2010 following irs battles against swiss banks and u.s. taxpayers over undeclared accounts. are-hailer's uber and lyft well positioned to make a profit according to a team that 2000 troops in new york in new york city. shares have failed to take off with uber down nearly 39%. >> we have the legitimacy of hong kong's inquiry into protester-based violence thrown into question. chief north asia correspondent stephen engle has been covering this from the get-go. what do we know? >> this goes to the heart of what carrie lam has been saying all along. while protesters have been asking for an independent commission of the police alleged brutality, carrie lam all along has been saying that the independent police complaint counsel do its job, and they will come out with their initial findings next month. they will submit it to carrie lam before that, probably later this month, and then they will reveal it. one of the members of the foreign pa

as you shop online, the irs has a warning about cyber thieves. you can read more about the agency security tips on kpix.com. >>> well, they call it the window. we're getting a look at what is on the other side of it jose is helping the homeless establish residency. this window at the diocese is where hundreds of homeless residents get their mail. it can be a major factor in finding permanent housing. >> a stable address is what you put on a resume', it is what you put on your application for employment. >> the work being done in san jose is becoming a national model. newyork is trying to mimic what the catholic chair tis have done to help the homeless. you can watch our full project home report tonight on the kpix5 news art 11:00. >>> still ahead, snow, flash flooding and frigid temperatures. the weather affecting millions of the americans right now. the theme is the spirit of america. first lady melania trump showcases this year's white house christmas decor. and don't forget we're streaming now on cbsn bay area. you can find us on 11alive.com, t

>>the xpected senate impeachment trial that coordination is awing the ire ofemocrats, including minority leader, chuck schumer and we will have continuing coverage on tomrow's vo. we will carry the debateon kron on and have a live political analysis other nationwide took to the streets tonight inheld impeachment rallies for and against >>whether or not to impeach the esident called for sailors the psac ii was at the pro imachment rally in san ancisco. she joins us now with more taylor. how is >>hundrmds gathered at the san francisco federal building and that'swhere the march and rally begin this evening, many people were angry upset and frustrated and demonstrators say their message is clear no one is above the law not you that i and certainly not the president now the rallies across the country today were a part of anational movement caught and not above the law. demonrators in san francisco say they're here to show congress how many voters supporthe impeachment of presidentrump and the rally at the federal building hundreds of people eventually de their way up market street to the offi

hypothetical, why can't we have our budget led the basicallyass be transferred over to the irs to adjust tax rates on a year-to-year basis to come to some kind of a balanced budget? i know it would be a bitter pill to swallow, that $9,000 per household. why not have it where -- politics, these politicians would have to get their house in order or they would be voted out if they don't figure out how to balance the budget. guest: the constitution gives the power to congress. particularly the house of representatives over this question. the americans people do not hold congress responsible for the excessive spending they do. some of the spending is targeted to please certain constituents. that deserves -- one reason you where congresss passes these massive bills and three months into the fiscal year, they should have been 30.ed before september people can't read and study them and debate and see where the money is going. host: the issue of spending and democratic proposals came up in the final debate of 2019. this question to senator elizabeth warren. you.have a question for every candidate

. >> look for the irs form 990. most large charities are required to file it. accreditation.charities to spend 65% of expenses on chartable missions and 35% on fund raising. always be weary of unsolicited appeals. especially on social media. >> if you are contacted by a professional fundraiser consider giving directly to the charity instead. the fundraiser might keep as much as 75 to 90% of the money. >> you should be on the lookout for sound alike charities they might be trading on the reputation of a recognized charity. i have seen that. we have reported on it here. i posted two links online. you can check for charity reviews and rankings. and feel confident when you are handing out your money. >> all right. from choosing a which arty t sarah's last tuition payment, sent off. feeling good? oh yeah. now i'm ready to focus on my project. ♪ ♪ this is why we plan. ♪ ♪ you never cease to amaze me, maya. see how investing with a j.p. morgan advisor can help you. visit your local chase branch. >>> coming up at 6:00. homeless deterrent or punishment. the quandary over the heavy log

the importance is tax-sheltered annuities is a separate label in the irs tax codes. savings plans are connected of my we are a tax sheltered program on the defined benefit side. that's why i say it's probably not a member's best choice to be more tax sheltered work on their own voluntary-defined contribution plan. it's not about annuities being bad. maybe they are the right thing in a small percentage of our participants. it is an option they have. it is not something that's something to be recommended. it's an option. more importantly because our members for the last 20 plus years have been able to contribute to their account on a tax sheltered basis they will someday receive both a pension and what we legally call here in san francisco an annuity. for accounting purposes they are called both pension and annuity are the words they use together. it's an odd coincidence that we are and all the other members have been investing in a tax sheltered annuity for the last 20-years. that is not an option to consider your first choice when you have your own deferred compensati