Transcripts For FOXNEWS Your World With Neil Cavuto : vimar

Transcripts For FOXNEWS Your World With Neil Cavuto



deficit spending and options to pay for their infrastructure bill they're working on now. progressives are advocating for a wealth tax. the white house is reportedly focused on increasing the corporate tax rate, raising income taxes for those making more than $400,000 a year and other tax hikes that would impact the rich. biden -- president biden seems to realize that republicans are not going to get on board for this. >> i'll get the democratic votes for a tax increase. if we took the tax raise back when bush was president, 6%, that would raise $230 billion. >> because republicans have lined up against it, there's new pressure for democrats to strap the filibuster. moderates like joe manchin oppose nuking filibuster. president biden indicated he's open to the idea. republicans are calling it a power grab and they're warning democrats could use the change for immigration reform. >> they're prepare to steam roll the senate into a body like the house because they get in the way of all they want to do, to run up the debt, to raise taxes and you've seen the disaster at the border. >> mcconnell warned if democrats pursue that change, republicans will do everything in their power to slow down legislation. mcconnell would say it would look like a 100 car pile-up with nothing moving, charles. >> i have to ask you, jen psaki who was asked earlier who would be impacted by a future tax hike, gave a curious answer. let's take a listen. i want your response to this. >> he said on taxes, anybody making more than $200,000 will see a small or significant tax increase. to clarify, did he mean individuals or households? it wasn't very clear. secretary yellen has referred to households before. >> families. yeah. >> there's a significant difference between an individual making $400,000 and a household making $400,000. >> there sure is. that sounds like a change to me. i covered biden on the campaign trail. he's refrain over and over again is if you're making $400,000 a year or more, you'll be impacted by this. people making less than $400,000, you don't have anything to worry about. in august, he said there wouldn't be a need to tax people making less than $400,000. he doesn't want to impact the middle class. if this is going to households where people each making $200,000 and they fall into the $400,000 category, that's a significant shift. >> a game changer. thanks. i want the opinion of someone else on this. joining us now, iowa senator chuck grassley who is a member of the finance committee. welcome to the show, senator. they say the devil is in the details. that's a big one. i'm not sure if it's a slip of the tongue. what are your thoughts on that? >> my thoughts start back with where we had the economy before the pandemic. the best economy in 50 years going back to 1969. the biggest decrease inequality between minorities and other people and also just within our economy. also, think how great the economy was. the highest -- lowest unemployment, highest employment in 50 years, wages of lower income people going up a lot faster than wages of high income people. we had a good economy. if it ain't broke, don't fix it. that's my answer to your question. >> even more specifically then, it was -- the reason it wasn't broke, you can trace it back to the implementation of tax cuts that when took place, as soon as they went into place, blue collar wages exploded. more than 3%. every single month year over year. the gap between black and white unemployment, the narrowest it ever was. poverty rates for blacks and hispanics at an all-time low. what if we do the exact opposite way? taxes were promised. elections have consequences. i don't think anybody thought president biden was talking about household making $400,000. i tell people, senator, be careful when you pick up your pitch information. sooner or later you could end up in front of your house. >> the middle income people of this country are smart enough to know when they hear a politician or the president of the united states say only high income people, the very wealthiest are going to pay the tax, they know better. if you go there, you're going to eventually end up paying taxing middle income people. first of all, you're not going to get all you want from the very wealthiest people in this country. because they're smart enough to hire the best lawyers, they're smart enough to find the tax shelters and all of that stuff and they're smart enough to know that i'm not going to work full time if i'm only going to keep a third of my income. >> right. to your point, even at 400,000 if it was an individual, so many small businesses will get swept in to that. i want your thoughts on where this whole fight for the filibuster is going. maybe senator manchin put a cap with his comments. it's interesting how many next down there thought the filibuster was a great idea and now think it's a threat to democracy. >> you just pointed out the key point here. how inconsistent and dishonest the democrats were talking about doing that are. because they defended the 60-vote rule in the united states senate throughout history as far as i know. now all of a sudden they want to change it. what we want to remind them of, they're not always going to be in the majority. they ought to respect what james madison said in the federalist papers about the purpose of the united states senate. it was to bring certainty and consistency to public policy. if you have -- run the senate like you run the house of representatives every two years, you're going to be changing things. they're going to be changing constantly. the united states senate was supposed to bring constancesy to public policy, predictability to public policy. >> senator, the dnc unveiled an ad targeting you and joni ernst, the opposition to the $1.9 trillion stimulus bill. local polls showing you might be in trouble. what is your response to that? people like free money. how do you push back to that? >> isn't it an example of how political this operation was the 1.9 trillion. particularly when we did five bills the year before that were very bipartisan and passed with 90 votes in the u.s. senate. they didn't want to do it because with republicans just wanting to do things connected with the pandemic about $600 billion, the wish lists that the democrats wanted and got wouldn't have been accomplished. so it really is a democratic agenda with the cover of helping people hurt by the pandemic. so it's -- you got to see it as purely as a political move. look who paid for the billboard. the democrat national committee. >> senator, i know you've been calling for the justice department to review how states have handled this nursing home crisis during the pandemic. if rules have been violated. where does that stand right now? >> well, i've discussed this morning with some of the witnesses before the finance committee on the whole nursing home issue that was the subject of that hearing. we have i think four or five states where the attorney generals already investigating it. several of us senators sent letters to the justice department that they should not change the agenda, they should keep their investigation going. but we raise the issue because when you get a new administration like we do now, they might change some investigation. but they ought to proceed. so i don't have an update other than everybody at the hearing that i questioned thought the investigations by doj ought to continue. i think they should, too. >> senator, absolutely. i have one more thing i'd like to ask about. another issue affecting your state. house speaker nancy pelosi weighed in on the election in iowa, the congresswoman miller meeks who was certified the winner by six votes. now the speaker is suggesting that somehow that race might be overturned. let's take a listen. >> and our candidate, the democratic candidate asked for this process to begin even justice scalia agreed the house has the authority to seat members and therefore we can count the votes. six votes out of 400,000 cast. >> what is going on here? >> it ought to take a lot of guts with the thought that 221 democrats voting as a unit could throw a republican member out of the house of representatives that won the election even after two vote recounts and the democratic candidate had an opportunity to go to the supreme court of iowa, come immediately to the house of representatives, that they could slow that vote out and overturn the vote of 400,000 iowans. that takes a lot of guts. at the same time, the same democrats were convicting republicans of the fact that we weren't naming joe biden the winner on november 4. >> certainly smacks of hypocrisy. senator, thank you for your time. we covered a lot of ground. thanks. >> thank you. glad to be with you any time. >> all right, folks. let's take a look at the corner of wall and broad. a crazy day. a record day for your money. the dow closing at a new high, above 33,000 for the first time ever. the s&p closing at a new high. the big driver, the federal reserve. they plan to keep key rates near zero through 2023. we'll be watching. meanwhile, is the crisis at the southern border putting americans in danger? what alejandro mayorkas is saying and why his predecessor under president trump is worried. chad wolf is here. the next white house effort to reopen schools, it's an education summit to talk about it. isn't it just time to do it? so i only pay for what i need. 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(laughing) (trumpet playing) someone behind me, come on. pick that up, pick that up, right there, right there. as long as you keep making the internet an amazing place to be, we'll keep bringing you a faster, more secure, and more amazing internet. xfinity. the future of awesome. >> charles: the spring break travel surge continues with another million plus travelers heading to their destination. we have more from liberty airport with more. lydia? >> hi, charles. we're at the ticket counter at delta. people are checking in for their flights this afternoon. it's six straight days where the tsa has screened more than one million passengers nationwide at various checkpoints. a sign that there's a slow return to air travel. even with the slower return, we're not quite yet at the prepandemic levels. there's growing confidence mounting as we're seeing the vaccines roll out. there's also growing concern from public health officials, the cdc director's fresh concern over the number of people traveling for spring break, warning that covid cases could climb. meanwhile, people traveling today through newark say it's time for them to get back to living their lives. listen to this. >> we have to live or life. we can't be afraid. we'll be cautious and careful but continue having life experiences that we need to have. >> meanwhile, airlines are experiencing some of the best weeks that they've had in the market. stock prices are soaring. delta's ceo expressed confidence about the safety of air travel talking about the company's plan to require vaccine pass importants for international flights but not domestic. here in newark, people are open to travel as spring break is upon us. travel experts are cautioning it could be 2025 before we see a full recovery of the entire travel industry. charles? >> charles: thanks, lydia. the airports might be getting crowded but not so much for most of the nation's schools. the white house planning an education summit wednesday to talk about reopening. leaders say we know what works with these schools, so maybe it's time to stop talking about just get moving to help our kids. doctor, thanks for joining us. i saw a great article about florida. even folks in the teaching organizations like union representatives admitted that they were skeptical when florida opened up but everybody is pleasantly surprised. the super spreader event didn't happen. >> charles, there's no doubt young people across this country are suffering. you know, their social, emotional and mental health have been so impacted by the pandemic. the goal is to have all children back in school, in person five day as week. there's ways to do this safely. there's no question. much of the country, the benefits of opening schools outweigh the risks. this is of course impacted by the level of community spread of the virus to reopen our schools, we need to keep driving down community transmission, get adults including teachers and school staff vaccinated as fast as possible. with the appropriate mitigation strategies like enforcing masking, hand hygiene, social distancing and better ventilation. we know we can decrease the risk of viral transmission significantly. when the time comes, vaccinating children. this all needs to be top priority right now. >> charles: i know you're a doctor, so that's your focus. but i'm sure in addition to the emotional toll, the psychological toll, which i saw first hand when this began last year, there's also the achievement gap. already have certain students that are two or three years behind under normal conditions. we may have a set of kids out there that never have a legitimate opportunity to go for the american dream. so when a teacher's union says we have everything, september maybe we need vaccinations, should that be the thing that stops it for to your earlier point should we try to get this going with as many conditions as -- that we can put in place and fill in the blanks as we go along? >> well, you know, this is not my area of expertise. if i was the one coming to the table, i'd want to make sure that everyone involved, the children, the parents, the school staff and the teachers all felt very safe and secure and there were the resources available to make that so. so i think that the steps that the current administration is taking to move this forward are appropriate. again, we all want the same thing. we want to do it as safely and quickly as possible. >> charles: absolutely. just -- it's heartening to see the places that are open like florida are open and so far so good. thanks, doctor. meanwhile, folks, there's a suspect in custody following an atlanta-area shooting massacre that left eight people dead. officials revealing key details on a possible motive. we have an update from atlanta next. members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa ♪ this is the sound of an asthma attack... that doesn't happen. we're made for. this is the sound of better breathing. fasenra is a different kind of asthma medication. it's not a steroid or inhaler. fasenra is an add-on treatment for asthma driven by eosinophils. it's one maintenance dose every 8 weeks. it helps prevent asthma attacks, improve breathing, and lower use of oral steroids. nearly 7 out of 10 adults with asthma may have elevated eosinophils. fasenra is designed to target and remove them. fasenra is not a rescue medication or for other eosinophilic conditions. fasenra may cause allergic reactions. get help right away if you have swelling of your face, mouth, and tongue, or trouble breathing. don't stop your asthma treatments unless your doctor tells you to. tell your doctor if you have a parasitic infection or your asthma worsens. headache and sore throat may occur. this is the sound of fasenra. ask your doctor about fasenra. if you can't afford your medication, astrazeneca may be able to help. if these beautiful idaho potato recipes are just side dishes, then i'm not a real idaho potato farmer. genuine idaho potatoes not just a side dish anymore. always look for the grown in idaho seal. >> charles: the white house scrambling as the border crisis surges. so is president biden's message not to come to the united states too little too late? chad wolf is coming up. want to brain better? unlike ordinary memory supplements— neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. memory, focus, accuracy, learning, and concentration. try our new gummies for 30 days and see the difference. >> charles: officials saying it's too soon to tell if the shooting rampage that left three dead at atlanta massage parlors was a hate crime. fox news steve harrigan is in atlanta with more from that investigation. steve? >> charles, we just learned that the 21-year-old suspect robert long will now face eight counts of murder. police said today that he admitted to being the shooter at three massage parlors in the atlanta area beginning tuesday afternoon. of the eight killed, six were asian women. it was thought this could be a series of hate crimes against asian americans perhaps linked to the coronavirus. here's president biden. >> i've been speaking about the brutality against asian americans the last couple months. i think it's very, very troubling. but i am making no connection at this moment to the motivation of the killer. >> after interviewing the suspect overnight, police today said that he suffered from sex addiction and the killings were an attempt on his part to eliminate temptation. here's atlanta's mayor. >> they determined that the suspect was on his way to florida, i believe. perhaps to carry out additional shootings. >> there were three separate shootings. the first about 30 miles north of here before 5:00 p.m. 50 minutes later, the shooting behind me in the gold spa. as police were responding to that shooting across the street here, another shooting. maybe that the family helped with the man hunt. they saw surveillance video posted by police in social media. they contacted the police. very cooperative. they were able to track the suspect's phone. they found him on a highway. police used the maneuver to spin his car. one 9 millimeter gun in the vehicle. back to you, charles. >> charles: a terrible story there. homeland

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