More than those levels. Extending longterm Unemployment Insurance benefits, permanently raising the alternative minimum tax threshold, basically the amt is something that congress patches preventing tens of millions of middleclass americans from having to pay. This just permanently extends that can also extending business tax credits Like Research and development. That is kind of a look at what this proposal is. No guarantees yet on when we will get a vote, if it will get a vote, or if House Republicans will try to change it. We will also hear from House Democrats after theyre meeting with the president. Cheryl when we do see the democrats, we are going to take that press conference, but i want to ask you, all of this, the timing is crucial. Wall street is to know what to expect. Is it at all possible that they could put this to tomorrow happen at noon on january 3rd, it but have to pass all over again. This is something we are dealing with as far as the time horizon. They have to get something done in next couple of days before it up in this entire deal. Cheryl you mentioned the new congress coming in. Of what point are we going to hear the debate about the debt ceiling. Obviously treasury secretary gunnar coming out over the holidays adding another wrinkle to the debt ceiling debate say we will reach the 16 trillion level. Do you think that will happen right away in the new congress . The first thing they will discuss after the clear this deal out of the way after the deal with the tax rates. If the house to approve this and the president signs it into law, were talking about the debt ceiling for the next couple of months. We dont have that much certainty on how much room we have. We know its 200 billion but that all depends on the specifics of the textile because remember, taxes are going up, but the fiscal cliff its full force and continues to hit full force, technically it already has a degree that helps the deficit picture and gives us more room as a country underneath that debt ceiling. We have already technically hit it. 200 of that extraordinary measures being taken to extend that. Cheryl rich edson live on capitol hill. You will be there all afternoon, possibly into the early evening. Thank you very much. Once again, we are going to be awaiting a press from nancy pelosi, democratic leader in the house after the conclude their meeting which at this point is still happening with vicepresident biden on capitol hill. Fox business this year. We will go back to regular programming in be joining you back again once we get more news to bring you. It is a virtuous cycle. Almost as a Global Culture of giving among the top echelon. John of forbes 400 list . Exactly. We throw it against the wall to see if it sticks. John you do Something Else . We give awards to social entrepreneurs. We focus on organizations working outside of government because we feel societe has more flexibility ban government contractors. Charities used to be independent but now are contractors to the government. That is all you need the social impact bond to hold them accountable. John i would rather use the money than government but government is captured. Ben taxpayers want to know they get something for it to. Cently these agencies have a good cause. That is different of kids not ing back to jail. John Mark Zuckerberg maybe feeling guilty gave 100 million to the new work publicschool system. I see that it throws a down the drain giving it to the unions who ruined it in the first place. Dont fund the problem. Find the solution. That means if you see something terrible of the world, poverty you have to say our not just give money to antipoverty but give money to organization and has a way to tackle the issue. John how do know it will work . Goldman sachs puts up their own money. John you will give them yoga and meditation therapy . It sounds like nonsense. Think of the people of connecticut they have been and trauma. It could be behavioral therapy that is what we talk about. It is remarkable what can be done. John what is goldman bent 10 million . Alatas studies on this specific intervention says it works well for this 6318 population that is being treated as adults in the adult jail. John you have volunteers in this did in vermont . Good ideas with this of what were talking about i hope this comes out good but a good idea is spread because they want to start their own versson so volunteers in medicine say free clinics can help those without insurance as well as obamacare. Now there are 92 free clinics. After 15 years. It is not a media. 100 years ago we had a lot of immigrants and settlement houses across the united states. They copied each ther it was not located through department of hhs but they raise their own money. This process can still go on. We can encourage it. Now with a sophisticated website you can see where the money goes . You have better indicators. Not just how the money is spent but the results. John there are these rating agencies, Better Business varo, they just say 95 percent goes to the program but it could be stupid. Yes. The bigger the organizatn the mark the economies of scale. And the smarter the person the better they can llocate expenses. And then look at the budget. Now look at the social Impact Exchange it is call social impact 100 looking at education and, health, poverty, to find the best organization. Your group is on their list . You had to be nominated. You could not apply. Will get the results. As people talk about it. They would say we have a goal. Even that modest pretense sets them apart from those that have a good cause. Who gives more to charity . Conservatives or liberals . Conservatives wartime, more money and to more blood. Money and to more blood. Thank you. You know how painful heartburn can be. For fast, long lasting relief, use doctor recommended gaviscon®. Only gaviscon® forms a protective barrier that helps block stomach acid from splashing up relieving t pain quickly. Try fast, long lasting gaviscon®. Tdd 18003452550 hours can go by before i realize tdd 18003452550 that i havent even looked away from my screen. Tdd 18003452550 tdd 180052550that ki. Tdd 18003452550 thats what i have when i trade. Tdd 18003452550 tdd 18003452550 and the streetsmart edge Trading Platform from charles schwab. Tdd 18003452550. Helps me keep an eye on whats really important to me. 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United nations . They squandered money. If business tycoons do more for the world than two reinvests of the business creates jobs and wealth for everyone. Why is giving away better . Why not do both . John i aam happy if bill gates gives nothing. This is why people dont like newsmen. I know your dirty tricks. There is nothing more to say. Good by. Of wking off the set. [laughter] john it is true that businessmen like ted turner to the right thing. Says your on broke from the ayn rand institute. How did they become a billnaire . Creating a Product Service to benefit everybody we know because it pays repay for it. We get more value than what we give up. Bill gates has improved hundreds of millions of lives he has touched every huma being. To also employ people that charity keeps on giving. You pay employees but they are better off. Wh about the companies that provided Software Based on that platform . With those that use the software that become more productive or efficient . If you think of the ltiplier effect, a 50 billion for bill gates . That is nothing compared to the value he ha added to the world. He is spending billions applying Critical Thinking skills to charity. And then to dump it when it doesnt work. Could he have reinvested more money . I dont know. It is his money he has the right to. But he gets credit for not the jobs and wealth he created he gets no credit for that. He is considered a a greedy businessman despite the hundreds of millions because he benefited at the same time. He shifts to charity then he is suddenly good. He will do a lot less good that we as a society value not the creation, accumulation of wealth which is what america is about, is that what is uniquely important . No. Charity is fine. You went to an awards sayre may the ceremony with a Lifetime Achievement award. They dedicate those oneminute to those nine minutes to community service. The benefit these businesses haveprovided but also their own lives the reason they should feelgood about their life is the happiness coming from their work. Phanthropy is fine. Give us nine minutes for the effort for the struggle. That is what they should get to the accolades for. For those other billionaires said that were cheap he said he thought people should give more. Warrebuffett is wonderful will give it all away when he dies. He could live 30 years. He should give away some now. John said he enlarges Berkshire Hathaway . A phenomenal investor. He should be investing. He is reating real wealth and get congratulations for a job well done. Instead they launched a giving the list. Give when you die i will work they have signed up petition to give away at least 50 . It is the guilt they feel. It is wrong to feel guilty about their success to feel like they need to give back. Is the way bill gates that is objectionable. John what about rockefeller . He got so rich. The richest man in history. He gave us light. The life of an american before rockefeller then there was nothing you could do. Most could not afford it to lower the price and then you have a light look at of benefit of humanity. Of what individualsgot and yet he is portrayed as an evil monster. He could have saved the whales. He made the internal Combustion Engine possible. Well was so cheap because of rockefeller now it was economical. John your kids will not hear that. [laughter] comingp a new way to fund comingp a new way to fund all kinds of things. Everything you can fit vo in this bag is 20 off. Saving 20 on everything your company needs. Its a big deal. Check your december 30th sunday per or print the coupon at officemax. Com. We asked total strangers to watch it for us. Thank you so much. I appreciate it. Ill be right ba. How much in fees does your bank take to watch your money . Me. If your bank takes more money than a stranger, you need an ally. Ally bank. Your money needs an ally. Of aboya club that got clap and. John when i give to charity and wonder in his money really helping people . Or is it a bureaucracy . Middleman . A new roof way of fundraising addresses the worry and new group connects americans those who are in poor countries this former in the philippines asks for to under dollars to buy fertilizer for her farm this woman asks for a loan to expand hurt business to sell bagsssault it sounds nice who keeps track of the money . How do i know would goes to those people . Will lie get paid back . The founder joined us from san francisco. Had rino which cannot get scammed . We spend our time making sure the loans on the website are legitimate. We do it through three methods. We find local field partners to make sure their legitimate organizations they are the Business Plans of the men and women. A farmer in the philippines trying to buy a cow for a dairy business. They get on the website from the local field partner. Then there audit to make sure it is true. If not, then we shut them down. As you get to repaid you know, the business has earned enough money to pay you back. Then you can withdraw the money back or landed to another entreprenuership. John looking at the distance i would assume most do not get paid back . Over the last seven years repayment is an 98 . That is hard to believe. Why . The poorest people on the planet, a 2. 5 billion the wonders served by the banks dont have collateral or credit scores. But they have friends and neighbors and self select and to group of women, over 80 percent go to women the mud they pick people that theyey trust. If one of the eight women the cowed dies the others will ship ben to cover the loan because their future loans depend on getting more money. That is with microfinance with the working poor to get access to capital it is our lifeline out of poverty. They know they can get access to future lonesome payback. John you started it in 2005 already hundreds of millions of dollars. 850,000 lenders. Thank you premal. Kickstart uses a similar concept to find anything. People post projects, ideas projects, ideas, the and films. The feature film. Stop motion animation. A video album. John do they get money . 200,000 after posting he founded to make a documentary on fracking for natural gas. Almost onequarter of a million dollars. John you want to make a movie why . The story of fracking is not being told. John it is wonderful. It has or prices and reduced pollution. Yes. People dont know that. It is not told in the hollywood documentary. John go to hollywood and asked. [laughter] if there is your answer. [laughter] i did it take starter out of desperation to say the enemy is not a big business but big environment. They just laugh. John instead they make a movie called Promised Land that says fracking is evil. Yes. Matt damon will tell you fracking should be banned. And the heartland knows it is good for their community. Their story had to be told. I asked the people of america and they did. John buy give you 1 my name is in the credit . 20, dvd. 125 a film poster. This motivated people . Anybody who gve 1 is the execive producer. [laughter] this is a film by the people for the people it allows the documentary movement to kick starter kicks starter. No longer can hollywood say what is a documentary. People out there, but kicks starter has closed. It is fantastic. John good luck with your movie. I hear tt mark cuban bought it . It will be on access tv going up against the Promised Land at the same time. There will be another voice. Kicks starter has allowed us to do that. John thank you. My carity and a charity sturdy that got the biggest filmstart story in [applause] john Many Charities do good thing is to bring people together. One is called on their flight. When i was liberated by one i wore 70 days weighed 70 pounds. The of us survived it took 60 years to build a memorial. And never got there will come home. He said i will be Strong Enough to make the role for two memorial. We fly veterans to see their memorial at o cost to them. What is on our flght . A national network, 117 of across the country made up entiry of volunteers just to give the road toward to veterans the best day of their life. They say next to the birth of my children and my wedding i had the best day. John you fly them to washington d. C. Because . The world war ii memorial was not built until 2004. Of the last of the memorials. 65 years later by that time the veterans are in their 80s or 90s and did not have the means financially are physically to make it. John very few have seen i. Amazingly many veterans have not flown since world war ii. Honor flight completely raise as the money and wanted to thousand veterans havhad a chance to see their memorial. It is to say o a veteran thank you even after 70 years we know what you did and to give someone that gift is amazing. John you hear about this and you make a movie posted a reason dot com . My Business Partner posted the video on veterans day 2009. It bought 35,000 views but more emails than ever before to people say i am crying. This reminds me of my father or grandfather and what it means to be an american. We had to make a bigger move the. The next thing we knew we quit our jobs, restarted a company to make the film nd once you go on the flight you understand. We released the trailer we asked to get 50,000 by memorial day we got four 1 2 million three facebook. John they go to washington they see the monent than a full day and then flown back calm review prepare a home coming . Private time we land in milwaukee they are vy tired. They know there will be a homecoming. They have no idea what it will be. You walk with them. In the distance you can hear e rumble. John this brings tears because your institution will end. It does have a finish line wich it is rare why so many people have rallied our goal is to have every veteran to thr memorial before it is too late for ago when you have that concrete goal of it is easy to rally people. We turned away volunteers not to be ungrateful but there are not many nonprofits can say that. They come to the airport at 2 00 in the morning it is a long day but we cannot keep them away. John and the volunteers pay 500 . Every veteran pays their own way every escort pays their way for the honor. Every veteran dies every 90 seconds. Bid you play the video . What about we do the premier at millepark . The milwaukee brewers. We filled the stadium 28,000 peoplend set a world rerd. Certified as the biggest, audience. By guinness book of world records. John thank you. The best places i have found to spend my charity dollars. And your questions for our [applause] john we are back with your questions. List of Common People to help people tried to the smart. Year and broke loose says make money do not let them guilty you out. And monday from honor flight. Would it aligned with the ayn rand philosophy to donate to a charity that alliance with your own selfinterest . Absolutely. Ayn rand gave to charity but gave tocauses she believed in battle lines with their own selfinterest and 57 doesnt everybody . No. You should get rid of them gilts. You dont deserve it. It is not in their selfinterest when people are tilted into giving. You say the program coms to anend we tried to replicate with the fu