let's check in with jack cafferty. he's got "the cafferty file". i assume this guy has been practicing. it is going to be some pretty tough questioning to him today, jack. >> i wonder if levin will use profanity in talking to him like he did earlier today. we have another example of our representatives in washington not listening to what the people of this country want. i guess that's not breaking news. they seldom do anymore. despi republicans have voted unanimously for a second day in a row to block debate on financial reform legislation from reaching the senate floor. a new poll shows 65% of those survey want stricter financial reform, 31% are opposed. the poll shows majorities backed two key parts of the senate bill including greater government oversight of consumer loans and the fund paid for bit banks that would help dismantel failing institutions. according to the poll, the public is split on letting the government regulate complex financial instruments known as derivatives. also, by a double digit margin, americans trust president obama mor

call now. >>> jack cafferty's here with "the cafferty file." jack, it's my favorite part. what's the question? >> now, as we reported, candy, last week on "the cafferty file," 47% of all u.s. households will pay no federal income taxes for last year. not a dime. turns out they're in very good company. general electric and bank of america also managed to pay no income taxes to the federal government for all of 2009. that's right. not a single dime. here's how -- although ge earned lots of money last year, they earned most of it overseas and not here in the u.s. general electric's american operations lost about $400 million. while its international businesses netted nearly $11 billion in profit. after deductions and adjustments, ge reported a negative 10.5% federal income tax rate and actually wound up with a tax benefit of almost $1 billion. when it comes to income tax payments on all those overseas profits? well, these are deferred indefinitely. not bad. make $11 billion, get a tax benefit of $1 billion more. the rest of us need our accountant. as for bank of america, afte

jack in your e-mail when we come back. >>> get right back to jack for "the cafferty file." jack? >> the question this hour is -- president obama's new nuclear policy a good idea, or does it reduce the deterrent value of our nuclear arsenal? what good is it to have an arsenal at anytime if your opponents know the decision tree that must be followed in order to use it? a. in oregon writes, no nuclear response unless it's a first strike or a biological weapons attack on america. yes, it's a good idea and it's long overdue. greg in ontario writes, i don't know why you give any time or attention to as you so perfectly describe him this punk. just tell iran, go ahead, do what you want, but know this, if you cause the death of a single american, you'll be obliterated from the fames of the earth. president obama should make that statement at the united nations. mo in atlanta writes, i believe it's a good idea to start decreasing our nuclear weapons arsenal. we need to be leaders on this and show that we're not arrogant, that is, demand that other nations do something that we don't want t

>>> time now to check back in with jack cafferty. hey, jack. >> the question this hour, how much should government be involved in things like wall street, health care, and banks? david writes, corporations have been trying to pick our pockets but now gone to a whole new level. wall street uses high-speed computers to jump ahead of people like us to make their profits. banks use data mining to decide if you are get nothing financial trouble. insurance companies use algorithms to decide when to rescind your health coverage. even alan greenspan admitted he was wrong, thinking wall street and the banks were responsible enough to police themselves. if washington doesn't do it then we will be right back here in a few years. paul writes from ontario, there's little regulation of banks in the u.s. and last year, 140 of them failed there is regulation of banks in canada and none has failed. seems obvious which works better. chad in l.a. writes, i would argue the government has been very conservative with its involvement, just reactionary at b