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React to that? >> well reverend sharpton, i do want to make the distinction. so, we have our fearless thunk fund, which is our investment vehicle. so weve invested over 26 point $5 million, and more than 40 companies, founded by women of color. so, that is inclusive of black women, hispanic women, asian women, all women of color. we also have our fearless foundation, and thats where we do our grant programs, and do a lot of educational programs, quite frankly, for small businesses that arent rea...

>> are some analysis groups nonpartisan groups university of pennsylvania, says the act very slightly increase inflation until 2024. then and decrease inflation after that. it says roughly its indistinguishable from zero. they dont think it will have an impact on inflation. that is a group thats looking at this. >> and brett, i respectfully disagree on that. but you know what, we can have differences of opinions but reduce we pay down three to billion dollars of taxes into debt reduction, we hav...

>> are some analysis groups nonpartisan groups university of pennsylvania, says the act very slightly increase inflation until 2024. then and decrease inflation after that. it says roughly its indistinguishable from zero. they dont think it will have an impact on inflation. that is a group thats looking at this. >> and brett, i respectfully disagree on that. but you know what, we can have differences of opinions but reduce we pay down three to billion dollars of taxes into debt reduction, we hav...

And yet they have so much wealth that these 2 cents would add up. the tax could actually raise $500 billion in its first year alone according to the washington post. that is a wild number. it tells you both that a lot of things could be funded. it also reminds you of just how much money these super duper billionaires are sitting on. billionaires launch themselves into space. fine. they buy all kinds of fancy yachts. fine. some of their yachts have yachts. fine. the policy question isnt about bea...

House, the economy was in code blue. we were losing about 700,000 jobs per month. in the first 30 days we put in a $288 billion tax cut in americas pockets. in the first 100 days he signed six major leagues of legislation. in contrast, president trump has not signed significant legislation and in fact he is insulted our an lllies, he has former national security advisor that is under investigation, and he did not follow through on many of the promises. if you counted on him to do these things, i...

Lots of goldmines. and lots of precious federal lands. if we put them up for auction, we could balance our debt. not tomorrow, but by the day after tomorrow. he didnt say that but art laffler joins us now. lets go through some of the things that you think that right away, you could start paying down debt with here what are we talking about? >> a tax amnesty program, federal, state and local, i think if a good tax plan were put in place you could collect as much as $350 billion federal on unpaid ...

Example, theres $288 billion in treasuries in accounts held there. oil exporting countries, and brazil is a big foreign debt holder. its about a third of all of our $16 trillion in debt. the rest is held basically by u.s. investors. when i say investors i mean social security trust fund, big government holdings, mutual fund companies. so when you look, the social security trust fund is the largest government holder of u.s. treasuries, $2.7 trillion. you want to pay the interest on those, because...

longer the elephant in the room, governor rick perry announces hes joining the republican party for president. >> he may be the republican front-runner but he was not feeling the love at the iowa state fair. he got heckled and laughed at over three words he said, words he may come to regret on this "american morning." -- captions by vitac -- www.vitac.com ing. >> oh, thank got its friday. >> wait a minute. ive got to move my stuff. >> good morning. happy friday to you. its august 12th....