Hello, i am adam shapiro in for lou dobbs. Rich edson is live on capitol hill in washington dc to bring us up to speed on the latest. It will be get a vote tonight . We could get a vote tonight. Reporter they will be heading up to meeting and some details exams in 400,000 for individuals, 450,000 for married couples. From a tax increase. It would go back to clinton era rates for Capital Gains dividends under 450,000 per year would save the current rate. Income amounts above that, we are talking about a 20 tax. Taxes would increase there. The alternative minimum tax would be couch. It sounds tens of millions of middleclass americans, and this would be a permanent exemption for those people. As for the estate tax, it would go to 40 . There would be a oneyear extension of longterm unemployment benefits. Adam what is the Sticking Point . It seems to me that the democrats felt they wanted, even a delay on the spending cuts. Reporter they did, and thats the problem. It is the delay on the spending cuts democrats wanted to delay the automatic spending cuts for the first few months. Known as the sequester. 94 billion worth over the next year. Republicans wanted to pay for that by spending cuts elsewhere. So thats something that they are still arguing out right now. Republicans say that we have this. Adam will there be a twomonth delay on the spending cuts . Apostolate could have different votes on different spending cuts. They have the second and then the first. The second is the sequester. Adam house convenes tomorrow afternoon on the first of the year. Does that mean that they vote or begin the process . They will work on the supplemental as well after voting on this, which is a dispute that were affected by hurricane sandy. Adam okay, here at fox business network, we are going to monitor all of us through the evening. We will have cuttings for you to bring you up to speed. Every hour on the top of the hour. But if the senate should convene earlier within the hour, for the vote we will come back live to let you know how this plays out. What a wonderful way to start the new year. The u. N. And our. This has been a fox business special report. We now return you to your regularly scheduled programming. Lou 10 other states remain undecided as to the course they will take. All of these states, by the way, those 17 states, nearly all of them have republican governors. We are joined now by peter have johnson dinner. Trial attorney, fox news legal nk tha analyst. It thank you foris having me. In. Lou the 10 commandments as part of their credo ay that that is pn their credo. The 10 commandments, the golden rule, delivering pleasing things to the lord. They say that we dont want to be forced to purchase pills that will kill babies. We are not going to do it. But the Circuit Court, the Appeals Court said we are going to hold up that ruling against it. In this particular case, the court says you are right that your religious exercise is something limited. You can still were shut and you say to that you are limited wit. Rtgard to obamacare. Ou now come the Circuit Court is saying nothing c happen until the appeal is theard. Lou as you say, well, it iss a short odds proposition to have got the injuncon. How long are the odds to move to the Supreme Court . I think the odds are not good. O end, they are ensuring that the catholic organizationsc orga maintain their religious liberty. And that they are not forced to violate the religious preceptsyp providing these types of pills. These types of proedures. Lou we have a number of pr lawsuits still pending. Where we stand with obamacare . It seems as though the effort ti repeal it through the courts theeems as though it is there are a lot of robust effort. Th a lot of christian organizations and it moves itswy way towards the system. At some point, the religiouseli, liberty issue will get the United StatesSupreme Court. Not particularly in this case, the cases involving the Roman Catholic church. Rch. We will hve this decision eventually. Tle lou very qukly, has little time left here. Seventn okay. Yes. Lou 17 states setting up these exchanges. O it starting to look like a tremendous problem. It is a german this problem. I dont think it they will be able to make their january 14, 2013, date. Health Care Insurance premiums will be more expensive rather than less expensive. It usually means lower prices for consumers, but theyre trying to do the opposite. Lou ad has been a mess from the beginning. It absolutely has. Its only going to get worse. Lou thank you so much, peter johnson. The admintration has endangered the life and liberty of americans, including thosezy killed in benghazi. Aria by ignoring sharia law. , ndrew joining me now is andrew boston. Hes the author of the new book sharia versusor freedom. Shar the legacy of islamict to hav totalitarianism. Ith it is great to have you with us. We appreciate it. Lets start with the idea that w sharia law, a lot of people dismiss it as a cultural aspects of islamic life. It poses no threat to americans. What are your thoughts . Sharia law is foundational in islamic society. Mand but i it is also an entire political runsm, and heres where it afoul of modern human rights. Ightsts unlike the bill of rights. Includes a timeless war doctrine. Als the doctrine of jihad. It also rejects basic humandom freedoms by freedom ofof conscience a freedom of speech, and it imposes discriminatory legal rgulations against nonmuslim minoritiesin and women. It also includes dehumanizing punishments like lashing for alcohol consumption, stoni tolau death for adultery andn mutilating punishments as well. Lou is it your view that theren is no way in which American Culture can accommodate sharia within a Multicultural Society . Part of which ould be the muslims . Absolutelyut not. Certainly not the overtth libery crushing dehumanizing aspects of sharia. Unfortunately, it is an whle. Integrated who. It has proven historicallyp very ve difficult for mulims tosherry, secularize it and to eliminatety the liberty crushing aspects the euro one you wrote that u. S. Liby amba policymakers opposed by Christopher Stevens havelaw sacrificed u. S. Lives, ourou as, nation is ignoring sharia lawy and practices. You assert that the islamic totalitarianism, you are saying that it has a tutorial at terry and winter. Ave a sular we have those that we chosea, to undermine and replace. Hosnib mubarak, even the odious qadhafi. Yet what is their replacement . N the replaceent from the getgo,o we actually supported them of Muslim Brotherhood jihadist to have a supremacist outlook. And we are still, the late ambassador stevens unfortunateln chose to go intofo th jihadist i hotbed in libya, which dates back to our borders. They were fighting then. Thanyou so much for bei with rin us. Lou as the Housing Market really recovering . 17 trillion is riding on the answer. Thes ceounting forome 82 bi lou foreign buyerare helping to boost our housing msarket. Those buyers accounted for billn 82 billion in home sales over the past year. 9 billion of those dollarschines coming from the chinese. T second only to those canadians, as the largest one homebuyers in presidenntry. The io and president ofao citimortgage, he is joining us the ov lets start with the overaller robustness come to power of thit recovery. Is it too strong of a language to join these concepts . 18 out o the housing is recovering on a sustained basis. Eighteen out of 20 top cities are now showing growth. [inaudible] lou what do you think . Lo the general view is if you look at longterm trends fromne, 1968 onward, you know that there was a bubble in the 2006 and wei 2007 time. The general vi the general view is that it will take a while to getheir. Lou so someone is looking at am profit and they might eagerlyrah jumper at that rather than waitt for a full gross . That is the general deal. The lou we are looking at the trila Housing Market value, around 17 trillion from a little over , 10 trillion in debt. T how much do you expect to see w the market actually grow . U. S. Well, the market is shrinking. You know, the u. S. Consumers have leverage of about 124 and now it is about 114 . Terms that is one of the biggest headwinds. That is not a such a bad thing either. If youthink about. Lou so you say that this is a market that is honorable . Kn, i would say that this recovery is fragile. Tchy. It depends it has also been very patchy. , very it is going from a very low point in the economy, clouding some of this information. But i would think the fiscalmers cliff discussions are definitely not helping. Coming consumers can see the implications of mortgage tax deductions. Lou what would happen if that would be implemented . Th i think i would not recommen. Lou or not at this stage of theit recovery. Lou somehow i thought i would be your answer, as it would be for most homeowners who got used to that deduction. It is great to have you with us. The amaou. The fiscal cliff fiasco. The obama plan, to the speakersi boehner plan, it will either o alter the rising rate of spending were less than the science of our bloated government. The answer in tonight chalk [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u. S. . At t. Rowe price, we understand the connections of a complex, global economy. Its just one reason over 75 of our mutual funds beat their 10year lipper average. T. Ro price. Invest with confidence. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. Lou you know, everybodys getting pretty excited about that fiscal cliff negotiation or impasse, however you want to3 style it. Mayi want t showu, lou everybody is getting re ofed about the fiscal clifft, negotiation. I thoughtht i would show you wht thuld happen if we change into thspeaker boehner plan, the president obama plan, lets start out with the donothing plan because thats the plan we0 have right now. The cbo estimates fiscal year 2013 deficit will be, well,lionf 104 trillion for fiscal year al 2013. Well, its so we get up to 2014, it is going to be about 19. 4 billion excuse me, trillion dollars. F 20. 3 trillion. We do nothing. Amat is if we do nothing aboutpb this runaway spending. Responsible government. Lets take a look at what1. 6 happens. Way 1. 64 trillion in taxes. 82 billion per year from the top 2 . Senates the n same amount of net tax hikes in the president s 2013 budget that the senate rejected unanimously. Byl the tax hikes that he is requesting, the National Debt by itll instead of 25. 8 , thats where you get cut down. It will amount toll 25. 4 trillionthats we will call at obama wins. A r the National Media waiting forii that one. That is what will be. It will be a really dramaticis s scene. I want to show you exacy how changes. Speaker boehner wants, oh, yeah . He is going to kick some tail. We are going to get to point you leally in dollars and the spending of this country. Thatl let me rephrase that. Total a 2. 2 trillion reduction in thf total plan spending. We are looking at the republican plan. We will show you just how tough it is. The only difference is how we get there. Mr. Obama wants one thing and mr. Boehner once another. See and weill see a knockdown drag out fight any big dramatic of negotiation. What you and i and all americans are looking at is the prospect of a recession next year if thed president and mr. Boehner cant come to areement. As much as a 10 unemploymenttyn rate, because both as president and republican parties parties, as you can seema here, they aret playing at the margin in thecust tional media is not focusing washit the reality is. They are just playing games. Righalong with the folks in washington. This president is guilty of class warfare. For wht . Are you kidding me . Ma. President obama seems to love rt the drama. I thought he didnt like drama. The reality is that there will be so little impact on our fiscal future. The after all of the drama and whateeer the outcome, we remaih in great jeopardy. Because this isnt a fiscals. Future. This is not something that any of us want. Dont you love it . A lameduck session of congress. They areon the ones who haveto steer us away from the fiscal cliff. Joining us tonight, governor jo mike when some People Struggle with their mortgage payments, they become frozen, petrified. Not knowing what to do, they do nothing, but the people who do something, the people who take action, are far more likely to get the most positive outcome. Making home affordable is a free government program. Call now to talk one on one with a housing expert about the options that are right for you. Reahelp, real answers right now. Thank you. Glad to be year. Lou congratulations on the new book. At tweeted something other than politics for a while. Im sick of it. What we have . This same its like the song by the who. Meet the new boston the same as the old boss. Lou kaj cling to those politics so desperately i want to go to our first reaction, the fact that the viejo is supposed to be the smartest man the military when he was there turns out to be headed the cia the dumbest by we ever had. , the mbes not a good week. When you add to the drama with general allan and this evernd expanding scandal its tragic. Fr tragic for their families to my tragic for all of the people the carve with them, traffic foramri america. Us. Lou it seems to me we become ao society. And our various institutions, including the military, it seems there are no consequences. Sittin they sit there in the energy for aircraft flying all around. We e a pretty strong light, and this actually the architect and the guy who presided over the largest conflict in american history, a conflict we have not won. To his credit, weave to give general petraeus credit. He is paid a price, nobody comes a general without slipping up to the top. I have extraordinary respect for these folks. Lou you say these folks. No one respects for supports more or military than i do. If you will, i will not indulge the plural. Im talking about a man who sent the cia downhe gutter. Will not defend what he did, you cant. Lou why dont we try to get to what is going on. Why are we putting up with this kind of nonsense and recognizing there is a culture the military and in washington that we have to get a hold of. I think it is a culture all over our society. Look at the sports world. Virtually no part of our cture in which people dont feel they dont have to be faithful to their congress or their spouse or their families and to their jobs. The ceo of Lockheed Martin just today forced out. It is a pattern and it is not limited to the military. It permeates the entire American Culture because we have said that we can pretty much do wha we want to. We spent a generation saying there is no such thing as morality, it is oldfashioned. Lou that would be your generation and mine. That is exactly right. No thought of divorce, live and let ve, free drugs, free sex, what do we expect . I think what were doin we are e planted seeds when we were y do. I want to turn to, if i may. It isnt your show, you can do what u want to. Lou i feel compelled to talk about something other than politics because your lament about politics from the beginning. The grandfathers thoughts on things that matter most, we are at the very least could talk about the things that matter most as we talk. Love the fact you are embracing your grandchildren. I have five of them myself, proud of them all. You suld be. Lou family is so important. We are not passing down to the next generation a sense of do right. Were not passing down to them this sense that there is something as important as honor, duty, respect, responsibility. This is written for every parent and every grandparent. I know my grandkids will not read this until i am long gone. They will bein their 40s or 50s before they care, but they will want connect with the people above them in order to connect the people coming after th. It is important we help to try to say we have made some real mistakes, but here are the things that matter. Work, it matters to have respect for your parents, it matters to understand the world in whic you live in, it matters to understand who god is, it matters to think about the purpose of pain and suffering in your life. That is what is book does. I think it is a perfect segue because that is what is wrong with our culture. We have a dont let me have responsibility, let somebody else pay the price, i just want to have a good time and have it today. Rought to you by the people who created o headedo help . Is there any way to stop the document author of after america, mark stein joins me america, mark stein joins me ne music body language without saying a word, it can tell you so much. Like someone is having a stroke. Know the sudden signs. Learn f. A. S. T. F face drooping aarm weakness s speech difficulty t time, time to call 911 immediately. The sooner they get to the hospital, the sooner theyll get treatment, and that can make a remarkable difference in their recovery. Learn the body language, the sudden signs, and spot a stroke f. A. S. T. Lou welcome all fundamental dishonesty at the heart of americas financial crisis. My next guest saas americans really seems of want a european size government with current american size tax rates. One or the other has got to go. We will see. Joining us now, author of the best seller, get ready for armageddon. Also, a recording of i will explain my laughter. His new holiday cd, making spirits bright available on the amazon and itunes. I am trying to think how to do it. The words stuck in your throat. Lou it is terrific. It is wonderful. Here to prove the point, and its ggod to have you. I wish you lots of luck. By the way, s t eyn. Thats right. And i got it covered. Thats right. Why do i have to take lessons from this impertinent foreigner. Lou i dont see anything important abouttit as see a lot of original thought and some damn fine intellect been brought to bear against an otherwise simple minded politician that cannot quite grasp the importance of solutions. You do. I think that was the real question of the heart of my book. I think the question at the heart of the election tat the world wanted the answer to. Is the United States capable of serious course correction . And i think both on november the sixth and in the socalled fiscal clef, sokol negotiations that followed, we are telling the world that the United States