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tv   Kennedy  FOX Business  July 12, 2017 12:00am-1:00am EDT

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thanks for being with us. thanks for being with us tonight and good night from new york. kennedy: the city of seattle has lost it mind. the irs accused of putting a mom and pop bridal shop out of business instead of settling back taxes. is bernie sanders' wife in legal trouble over a controversial land deal in vermont? grab an apron because it's time to turn up the heat. seattle used to be one of the most beautiful and livable cities in the world. but it devolved into a socialist hell hole. the do-geared her to tearian
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members on the city council want to enact punishing minimum wage laws, a gun tax and a tax on the wealthy that may not be legal. the $15 minimum wage has punished seattle's citizens who work fewer hours and take homeless hours. the seattle gun tax is supposed to punish second amendment adherence by slapping a $25 fee on gun purchases. and violence is skyrocketing by 35%. the emotionalists never understand unintended consequences. that's why the red geniuses on the i council approved a 2.2% income fox on the wealthy which
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will insure their most prospe prosperous citizens move to bellview where bill gates live. it's just another example of how progressive laboratories halt progress by inviting the rich to leave, encouraging crime and hurting the poor they claim to help. save the airfare to caracas and head to seattle where freedom died along with every good singer from the 90s. welcome to the show. i'm kennedy. should seattle rename itself. north havana. matt welch, and anthony fisher a columnist at "the daily beast."
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and evan siegfried is here, author of "gop gps." i lived in seattle, i'm from the pacific northwest. i love this part of the country. it's very sad to see great cities run into the ground with bad policies. >> their mayor was defending a soda tax because it was a way to combat white privilege. i swear to god i am not making that up. they give paid time off to city employees to be part of the resistance and march against donald trump. march all you want. but not as a public employee. kennedy: we have seen this in other cities, especially california. does this have anything to do with powerful labor unions? >> the entire west coast of the united states, the labor unions
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are the biggest contributing force. but it's an accurate reflection of where democrats are. they want to do the same things in new york city and los angeles. it's more anesthetic response to adopting every single idea that has been shown to have failed elsewhere, including millionaires' taxes. they tried that in maryland and people moved. kennedy: people say no businesses will leave the united states, where are they going to go? but they will leave a big city. >> it happened in a number of state where there is one big bright blue city surrounded by a sea of red and the bright blue city has all the political capital. there is a law in washington state that says you can't impose this income tax. if they want to put it to a referendum i bet they would lose.
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kennedy: you think it's the goal of the restists to repeal the income tax law. >> this is a political game. they have been trying to repeal the income lax law since it was incorporated in 1984. they are saying we are champions and we'll fight it in court. so we'll fight it at the ballot box. when they say they are just imposing a tax on the wealthy, remember the city council was presented with a bill that was 2% increase. seattle's mayor said this is a way to increase taxes on the wealthy to help the lowest in economically in seattle, and at the same time they are only going to reach -- kennedy: they will raise taxes, they might be successful. they will take that revenue, and they will promise that for the next year and keep spending it
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even though they won't have the revenue coming in because rich people will leave, and lower citizens will be shouldering that burden. in washington, d.c., republicans are still up to their necks in healthcare problems. mitch mcconnell and john cornyn said a revised bill will be out next week. and they say it will likely be further to the right which will further alienate moderates who are looking to protect medicaid in their state. this afternoon senator mcconnell said he's delaying the august recess so they can get things done. is there any way to avoid another catastrophe? i don't see this thing passing, matt. i know there are people like mike lee. on this issue ted cruz is fighting the good fight to try to desocialize this bill.
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>> donald trump is supporting that right now. that's heading to a showdown. when the cruz-lee amendment gets up. mike lee told me there is no way he would vote for any bill that doesn't include the cruz-lee amendment. so if they decide in that bill to write those things it will be up to the moderates to see what they are going to do. but everything i have seen from susan collins on down, someone will look at donald trump and say you don't get to have your bill. kennedy: the cruz-lee bill doesn't tackle the medicaid expansion. you could give people more flexibility. would that be enough?
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is it too much that it does thwart moderates? is it something that's so off-putting? >> each one of these moderates will have to figure out how much of this will alienate their base for reelection. but at least the cruz-lee plan is a plan. where the mcconnell keeps pushing a slightly warmed over version of the same thing every few weeks without any kind of public airing of it. the cbo scores come out but it's still a mystery to everybody. trying to cram this through before the recess will probably end this again. kennedy: you say they can still move on to tax reform it fails. do you believe that? >> i think mitch mcconnell never wanted to do obamacare repeal and replace first. when you have opposition from the left, you will be serving your corporate overlords.
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and we are not going to get a vote this week. that's why they stepped -- did away with the august recess. they want to get this done then move on. tax reform is much easier to do. healthcare is toxic. nobody in america likes it save one or two people, and they all live in washington. >> those people are mitch mcconnell and john cornyn. the panel will return a little bit later. another major distraction for gop lawmakers looming to get legislation passed. and it involves, you guessed it, russia. the president's oldest son donald trump, jr. released the emails exchange from last summer. a trump friend wrote quote this is obviously very high level and sensitive information, but it's.
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don replied quote, if it's what you say, i love it. especially later in the summer. he said he released the emails in an effort to be totally transparent. is there something here or is this a political distraction that will go nowhere? so let's discuss this a little bit. it's problematic, the information in the email chain different than the explanation donald trump, jr. gave yesterday. is it just case of donald jr. being a bit of a political novice and making a few missteps in this young administration? or is this what the left has been clamoring for? >> i would say it's closer to the latter. what we have seen is a pattern
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where a number of high-level administration officials have had to revise the public record after previously undisclosed meetings with russians came to light that they previously denied. jeff sessions, jared kushner, and now this situation with donald trump, jr. in which kushner and paul manafort in the room. you talked about those excerpts from the emails. if the left wanted just black and white evidence of collusion or intent to collude, i don't think they could do much better than an intermediary saying i have got a russian government lawyer coming from moscow to give you information about hillary clinton that's bad for her on behalf of the russian government that supports your dad. and the response coming from don jr. saying great. let's set up the meeting at trump tower.
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i'm not going to close my eyes and plug my ears saying there is nothing to see her. there is something to see here. four pages of emails. he did release to the public. but literally seconds before the "new york times" was going to publish it in its entirety. so there you go. kennedy: it's problematic on a number of levels. if something could get your dad in hot water who is about to become the leader of the free world and commands the largest army the world has ever known with its full nuclear arsenal, you would want to keep foreign governments from entangling in the campaign process. don't you think there would and line, this sounds shady. who wants to do what? i'm sorry. fall:speed ahead. i have heard a few different develops of this, and some of them are interesting and good. one of them is it's not
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necessarily a crime to collude on opposition research on opposition research, even a hostile foreign government. it may not be a crime. and i think andrew mccarthy in national review review has written about this. they are pedestriansling the story from january where they detailed how fast clinton campaign and the dnc were colluding, flagrantly quliewgd the ukrainian government to try to damage donald trump. so the argument is it's not unprecedented so when it comes to foreign collusion the democrats did it, too. the problem is that has not been the argument the trump administration and team trump has been giving to the american people. it has beened a a. and consistent.
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there was no collusion. there is no evidence of collusion. when you have say that over and over again, then you have these emails that look an awful lot like collusion, your credibility really takes a blow. kennedy: we'll see what happens with this as the defenses come forward and the left becomes rabid. it seems like -- >> i wonder if they will overreach? they never do that. kennedy: i wonder if they will get hysterical anytime soon. don't miss sean hannity's exclusive interview with donald trump, jr. tonight. federal investigators looking into a lands deal involving into a lands deal involving bernie's wife jane when she was
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♪ ♪ into a lands deal involving bernie's wife jane when she was ♪ ♪ ♪
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lakefront property for a new campus. she allegedly misrepresented commitments from donors to help close the deal. prosecutors are calling on a grand jury and compelling donors to testify. joining us, "digital politics"* editor chris stirewalt is with us. kennedy: i was reading some of the information about mrs. sanders, and i thought maybe she is a hopeless optimist and when she was trying to secure that giant bank loan from a and the dire sees, she thought
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donors love the college so much maybe at some point they would pony up. chris: maybe she did, but the case is important enough there is enough there there. the f.b.i. doesn't go off half cocked bringing charges against a sitting senator's spouse. there is obviously. >> significant stuff here. so far sanders himself hasn't wanted to deal with it. he has shunned questions and has been able to dojt issue. but it looks like he's going to have to belly up. kennedy: the lawyer who brought forth the complaint, bernie sanders say his complaint is worthless because he was the state campaign manager for the donald trump presidential campaign. those things aren't mutually exclusive and mrs. sanders may
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have violated the law. but one of the things the complaint states is senator sanders was bullying banks and using the power of his position in order to speed up the loan process. last i checked, that's a big no-no. chris: and how shockingly common that sort of conduct is. if america's favorite socialist is able to do that. imagine what they are they and their spouse are getting that regular americans don't. kennedy: this gives validation to people who say perhaps the purchase of their home on lake champlain might also have been dubious. i'm not saying there is a correlation between the college land deal and the beautiful home they were able to purchase as part of the 1%. it does smack of hypocrisy.
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chris: there is nothing wrong with populism. there is nothing wrong with being a tribute of people. and there is nothing wrong with living well and being successful. the issue here is hypocrisy and whether sanders is walking the walk and not just talking the talk. kennedy: and falsifying documents for mrs. sanders. if she overstated the at the college was going to gain from certain donors. one woman said she would bequeath a certain amount of money on her death, and mrs. sanders seemed to lump that future gift in as if her passing were imminent. and the one is a still very much alive. we'll see how much this one plays out. i think people are getting sick of f.b.i. charges not being filed against wrongdoers of
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either political parties. >> any predictions? chris: i'm going with you. it's a harumpf. kennedy: owners of a texas bridal shop said the irs sold all their wedding dresses and shut down the business. hear what they did with some of the dresses. the party panel returns to talk potsch: you each drive a ford pickup, right? (in unison) russ, leland, gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do this. potsch: this new truck now has a cornerstep built right into the bumper. gary: super cool. potsch: the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. jim: aluminum is great for a lot of things, but maybe not the bed of a truck. potsch: and best of all, this new truck is actually- gary: (all laughing) oh my... potsch: the current chevy silverado. gary: i'm speechless. gary: this puts my ford truck to shame. james: i'll tell you, i might be a chevy guy now. (laughing)
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kennedy: welcome back. president trump released his america first budget proposal way back in may, sending a message to congress that he's interested in reshaping government and drain the swamp. are they looking to make another budget deal that would continue wasteful spending upon make it swamp swampier. he wants to reduce discretionary programs by $1.4 billion. and roll back regulations that
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are hurting the economy. "the blaze" tv host lawrence jones joins us. lawrence, you are a cost cutter like myself because you love the idea of limited government. but even those heritage foundation is saying the president's blueprint makes great strides in reducing some regulations and spending, it doesn't go far enough, does it? >> it doesn't go far enough. but i would like to see congress have an amendment that required them to balance the budget. part of the problem is after president trump were to actually pass this plan which is supposed to balance the budget in 10 years, the next congress can roll that back. also there is a lot of areas where i feel like we should be
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trimming the budget like the epa that need to be eliminated. a lot of cuts to congress, they would like to have a lot of goodies to go back home and say i got this goody. kennedy: some of the military spending is redundant and not necessarily useful. but this doesn't tackle that. there is the $125 billion in defense department waste that is not addressed in this bill. >> that's also a major problem for me. i know some of the audience members get as well. we are facing a lot of threats as it relates to national security and russia and north korea. i totally get it. but they have to trim some of their budget as well. there is a lot of wasteful spending. we spend millions of dollars on
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afghan soldiers and it turns out it was the wrong uniforms we ordered. this is the money of the mire can people. we have to live on a budget, so should our military as well. kennedy: it doesn't mean you are anti-military. it just means we can take a rational approach to some of the cutting that enhances our national security. >> i have given the president credit for being one of the people that goes to washington and negotiates some of the views himself. i get that he has the experience. i would like to see other executive departments leading from the front and not from behind, telling their agencies we have got to get our budget in order. kennedy: i love the idea of cutting out entire agencies. starting with the department of education. the irs is not an organized
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crime family, but you could have fooled an elderly dallas couple whose bridal shop was shut down. they owed $31,000 in back taxes. but rather than putting them on a payment plan, they declared 1600 of their dressed as perishable items. a lawsuit filed by the couple states members of the irs even bought some of the dresses at a discounted rate. hey, man, cheap dresses. most loan sharks couldn't pull this off. how is the irs able to do that? >> we have terrible rules including civil asset forfeiture. the government can take your stuff even though you did not
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commit a crime. they declared the stuff illegal. they passed a bill, congress a long time ago saying if you have $10,000 you deposit it has to be reported in a certain way. if they notice you making three deposits that are $9,000. that's structuring. that's the law. kennedy: they are saying that's a crime. and that was supposed to protect people from drug dealers. this elderly couple, they weren't drug dealers. they were selling wedding dresses. it's a little harsh. >> they used to say ignorance of the law is no defense. now they are saying knowledge of the law is no defense. the fact that they are knowingly complying with the law, that's what got them into trouble and even more the irs bent it own
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rules to devalue the value of the dresses so they could sell them. instead of holding on to them. kennedy: wedding dresses aren't perishable. they don't wilt. they don't go bad. if they are not jars of mayonnaise. this is the most irrational thuggery. it's absolutely insane. no due process. >> some women may have a "use by" date on their wedding dresses. kennedy: i don't know anyone who bought a wedding dress before they got married. >> i have known one or two. they said you owed taxes and they didn't even allow them to appeal the ruling, and they just went out and seize it. in 20 minutes they took the entire business and ruined this couple's life.
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and the irs had take your kids to workday. they brought kid and put them on crates and ordered them pizza. they are watching on crates eating pizzas as they ruin this couple's lives. the suit says they did not owe any income taxes because they operate at net losses which are not taxable. kennedy: they were able to write off the losses against what they earned. but that was not recognized. maybe they have to redo some their taxes. maybe they didn't do something right. but a business shouldn't be run into the ground without due process. the light of liberty shines so brightly on this table i might have to come back in sunglasses. speaking of which, president trump and the media. who is more obsessed with the other. what percentage of americans trust the news media?
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i have got the answer for you after the break. ♪ ♪ i'm... i'm so in love with you. ♪ ♪ whatever you want to do... ♪ ...is alright with me. ♪ ooo baby let's... ♪ ...let's stay together... ♪ whoa that's amazing... hey, i'm the internet!
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in the modern world, you can control just about anything with an app. your son is turning on all the lights again! and with the esurance mobile app, you can do the same thing with your car insurance. like access your id card, file a claim, or manage your policy. it's so easy it's almost scary. let's get outta here! that's auto and home insurance for the modern world. esurance. an allstate company. click or call. kennedy: before the break i asked you what percentage of americans trust the news media. the answer is c. according to a kree scented
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npr marist, only 30% have trust in the media. president trump's lack of faith in the press has led him to use social media as a soap box. and cnn and msnbc don't like it one bit. is that what it takes to communicate in mash tag fake news? the host of the greg gutfeld show and co-host of "the five." gregg require many wonderful to see you. kennedy: the news media has fallen to an all-time low. greg: the right sees the media
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the way the left sees the church. they are the reason for everything wrong in this world. it's like a scrappy couple that lives next door at always fights. you hear it, but you don't want to get in the middle of it. because once you intervene, they will say stay out of it. but they are louder in the bedroom. because there is a passion. there is a passion between trump and the media i have never seen before in my life it's a love hate love, love spit love. kennedy: it's a form of energy that feeds itself. greg: the last time i saw this phenomenon, during those hearings, the media wanted it so he would be the villain, somehow he jumped over the media, the combination of twit errant rallies and donald trump's aggressive stance like he's going to fight has allowed him
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to jump over the media. he found a carpool lane to america. where everybody else has to get through that toll booth of the media, he has figured out a way to go around it. that's why a lot of this stuff that's happening. everybody says this will him in and it doesn't, because the public already made the deal. kennedy: they know most outlets have some sort of agenda. people are more comfortable getting news from a source they have agree with as opposed to challenging their opinions. greg: i get all my news from the lifetime channel. kennedy: and hallmark movies. greg: for good news i go to the hallmark channel. but for scary news, i go to the lifetime channel. the mysterious stranger to shows
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up to fix the fence your yard, he has a dark past. kennedy: and he works for cash tips. where do we go from here? i know you talk about the news in a way, but you are also an astute analyst. greg: i think it's changed for the better. the next president and the president after that will use twitter. we -- every time you think that his presidency is just about to implode, it doesn't. it somehow the antipathy is this fuel. that's why he uses twitter. it creates the fuel for him and makes him stronger. this will keep going and going. kennedy: when he doesn't need more votes he will decide
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perhaps to use social media differently. and future administrations will thank him more making the paradigm shift in taking a stand. thank you very much. greg: it's been my pleasure. kennedy: we are so cordial to one another. greg: we really are miss kennedy. kennedy: artist chris brown is drawing a picture of me on his etch-a-sketch. a denver man started a multiple tattoo removal company. it will come to wherever you are i am totally blind. and non-24 can make me show up too early... or too late. or make me feel like i'm not really "there."
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kennedy: today is an historic date in the world of sports. on this date in 1989 president ronald reagan did play-by-play at the major league all-star game. and bill clinton did play by play at billy bean's foxy boxing. hillary clinton was a ring card girl. just kidding. this is the "topical storm." topic number one.
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new jersey governor chris christie has an approval rating of 15%. but christie isn't letting it bother him because he's taking his talents to sports talk radio. as you are about to hear, it's going great. >> governor, next time you want to sit on a beach that is closed to the entire world except you, you put your fat [bleep] in a car and go to one that is open to all your constituents. >> you know, you are swearing on the air, like. you are a bum. kennedy: more shocking than the call, is the drop in his trajectory. a year ago he was running for president of the united states. a year ago he was on the short list to be donald trump's vice
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president. at this rate he will be driving an uber in six months. which would be win for all of us because we wouldn't have to worry about him shutting down the george washington bridge. topic number two. any travel agent worth their salt will tell you select city, new jersey is beautiful. the ocean is just pristine. you haven't lived until you have swam with three rusty hub cabs and keister in cement shoes. ' blackjack tables and poker tables are on sale at the taj mahal.
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topic number three. have you ever drank so much that you wake up with a tattoo you have no memory of getting? that sort of thing used to happen to me and stuart varney all the time. but now there is good news because a denver man started a mobile tattoo removal business that comes right to you. no more walking to the tattoo parlor to have your ex-'s name taken off your chest. the man who started the company is a full-time school teacher who runts i -- who runs it as ae business. it's classier than what other teachers are doing.
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kennedy: huge news out of fargo, north dakota. i'm not talking about the fact that golden corral added crab legs to their lunch buffet. i'm talking about viking yoga. which is like regular yoga, but instead of spending the whole time noalgd your gas, you drink beer and shout at your fellow practitioners as a way of relieving stress. we all know how stressful life can get in fargo. sometimes the ice fishing permits come in late. in addition to viking yoga there is a new thing called minnesota viking yoga where they put you
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in a purple shirt and bite up and down a football field for 60 minutes straight. topic number five. finally the feel-good story of the week. an idaho dog that disappeared 9 months ago during a family hunting trip has returned home from the mountains. she is a chesapeake bay retriever. the family feared she had been killed by a bear or something far worse. but she got stuck at a katy perry concert. or something worse, she was abducted by hillary clinton and her jaws flapping about the election. but it turns out she was just doing viking yoga the whole time. welcome home, mo. i can't wait to see who voices you in the new disney movie. a cat wouldn't do that. the cat wouldn't come home because the cat would have been
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eaten by a coyote. artist chris brown reveals his masterpiece. an etch-a-sketch drawing of an etch-a-sketch drawing of yours truly. today, we're out here with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah. but, wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease and lower your a1c. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect
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that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so now that you know all that, what do you think? that it's time to think about jardiance. ask your doctor about jardiance. and get to the heart of what matters. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be.
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it's are and whereing to know you come from. i didn't know a lot about my personal family history. and through ancestry it brought us closer to understanding where i came from. finding out that i'm part native american and that i was related to one of the founding fathers i think has brought me closer to feeling more patriotic, definitely, and also feeling more like this is my home and this is truly where i came from. i'm jamie and i'm the fifth great-granddaughter of benjamin rush. ♪
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potsc(in unison) drive russ, leland, gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do this. potsch: this new truck now has a cornerstep built right into the bumper. gary: super cool. potsch: the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. jim: aluminum is great for a lot of things, but maybe not the bed of a truck. potsch: and best of all, this new truck is actually- gary: (all laughing) oh my... potsch: the current chevy silverado. gary: i'm speechless. gary: this puts my ford truck to shame. james: i'll tell you, i might be a chevy guy now. (laughing) kennedy: my next guest has a very you sneak skill set accept's good at drawing via etch-a-sketch.
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that childhood toy everyone in chair has picked up at some point. he says the toy has made him live the american dream. let me bring him in now, chris brown, the amazing etch man. you actually worked for etch-a-sketch. >> i worked for the company that created hatchables. and they acquired etch-a-sketch. we'll have having contests and giveaways. kennedy: you invented a process that allows the etch-a-sketch drawing to stay there permanently. >> we drain all th -- all the
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graphite out to preserve it. kennedy: there you are. there is time lapse photographive you etching and sketching. there is the her. there is the weave. it's coming together with those fast fingers and the little plastic wheels that give the etch-a-sketch its power and glory. >> i'm living the american dream. that is the american dream to take something and make a career out of it. kennedy: you were a ne'er-do-well and you picked up an etch-a-sketch in a coffee shop and said what do i do with it. >> i invented it for the invent industry and now i travel the
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world spreading the joy. kennedy: it shows people you can follow your passion and develop a wonderful living. there is the portrait. we can see it behind nuts giant monitor. that is glorious. thank you so much. >> this is actually yours it's permanent and you get to keep it. >> there it is. there is the sketchy dr. dr. if you want, you can check out christoff in times square. he's the master. thank you for watching the show. you can follow me on twitter and instagram @kennedynation or email kennedyfbn@foxbusiness.com. tomorrow on the show i have former congressman jason
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chaffetz within dr. ron paul and brian kilmeade. good night. >> announcer: the following is a paid advertisement for time life's music collection. >> hey, i'm bowzer. i used to be in sha na na. but now, i got bowzer's rock 'n' roll party. wow, look at this! we got a cool drive-in, we got a cool '57 chevy, and we got a really cool guy... me! all we need is some rock 'n' roll! >> ♪ well, that'll be the day when you say goodbye ♪ ♪ yes, that'll be the day >> ♪ maybellene ♪ why can't you be true? ♪ oh, maybellene >> ♪ oh, baby, that's what i

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