tax breaks for a total of about $3 billion and earlier this week president obama says it shouldn t happen. save hundreds of billions of dollars by getting rid of loopholes. reporter: but facebook boosted his campaign and experts think that is why he doesn t single them out for tax reform. he has double standard when it comes out to picking examples to advance his agenda. he points to oil and gas companies taking questionable deductions which are legal under the law but he leaves out other companies like facebook that pay lower tax rates. reporter: so far facebook has declined to comment on their massive tax break. heather: thank you, peter. kelly: usually less violence is a good thing but with the murder rate dropping on the mexican side of the border and more immigrants heading home,
itself, the more new facebook innovations and new millionaires and break throughs we re going to have in the economy so we shouldn t fault investors, companies or individuals for wanting to keep more of their own money and produce with it, that benefits themselves and benefits the economy. kelly: your take on this, it s a smart move that facebook made and other companies should perhaps follow suit, if they can? absolutely. companies should seek, kelly, to maximize their profit, maximize their benefits, and that not only does it increase their bottom line, but it s better for the economy at large and i think you think about not what facebook doesn t pay taxes, but what it produces for themselves and 900 million users and i know you re investing and coming up with ingenious ways to come up with money and molly and i have a capital idea for you, give us a call and we ll talk about it. will do, will do.
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