tv The Evening Edit FOX Business May 5, 2021 10:00pm-11:00pm EDT
indeed. that does it for us tonight on "fox business tonight", thank you for joining us, we'll be back tomorrow, in the meantime "the evening edit" starts right now. ♪. liz: the big fight, but republicans demand a breakup of facebook as facebook oversight board recommends banning donald trump, but the facebook and escaping decision for arbitrarily breaking its own rules, tonight facebook's own internal data and numbers reveal about how arbitrary and all over the map facebook really is singling out, banning some users but allowing on dictators plus racist post about republicans like senator ten scott. tonight former congress men sean duffy, harmeet dhillon, jan
wolcott doyle, greeks to become a police commissioner howard, monica crowley and congressman michael wall, we will show you more what is a berkowitz, facebook it's a frequently wrong as trump's last radical left lunatic he launches his own website, critics are already eattacking them. what we have been reporting to you for weeks now, it is happening democrats are seriously afraid, they are worried that they in nancy pelosi will lose control of the house next year in the midterm because of biden's historic and massive expansion of government, tax and spending blitz this country has never seen before, worsening gas and consumer prices already rising, but guess what democrats instead are trying to do now, we have the story and more new furnishes in the fight over woke-ism in
schools and companies. in the middle of a pandemic, we have the latest chapter in the national debate that is in the country, a surprising new take on this, it's about common sense, also the biggest hypocrisy of all, it's in the democrat sanctimony fight about taxing the rich, with democrats stubbornly refused to talk about, what president biden, barack obama, bernie sanders, elizabeth warm a on, chuc schumer, they're all strenuously avoiding this, it's about taxing the wealthiest richest players of all who happen to be in the democrats own backyard. this is the democrats biggest playground that they don't want youai or anybody to talk about r even touch. we will explain that. also the growing controversy over president biden wanting to fix the border crisis by giving central america $4 billion, why president biden should know better because vice president biden under obama oversaw the
exact same failed approach, he did nothing to stop the illegal border crossing, this is a failed approach that dates back to the 1960s. thank you for joining us i am elizabeth macdonald, "the evening edit" starts right now. ♪. liz: thank you for joining us you're watching the fox business network, look who's back with us former wisconsin congressman, sean duffy, great to have you back on, what was your reaction to facebook's decision today. >> i was not shocked that they will keep the suspension of donald trump that was not a a bg newsbreak but i thought when oversight admitted that facebook doesn't have a clear policy on how it's treating different people on its platform, you can say racist things aboutan tim scott and donald trump saysng things about a rally on january 6 and he gets banned, that was a little shocking that the independent oversight board
gave pushback to facebook. but we should not be surprisedsu by this, we all know that facebook is a left-leaning company in silicon valley and san francisco, they taken action that is hurt conservatives, if you think back to the last election, facebook banned the story about hunter biden in the new york post and ended up beint true but they wouldn't let that out on his platform leading up to the election, more recently they banned the story about the new york post in the black lives matter cofounder who had four homes, they would not let that maon their website, mark zuckerberg the founder of cefacebook put $350 million inta super pack that turned outpl democrat voters in purple states before the last election, he hired left-wingers the higher the super pack, there's a lot of company that rely on the independent conservatives to actually fund its platform and their actually attacking the speech so a lot of the users like and want to hear.
liz: it was a decision by the facebook oversight board they found that facebook breaks its own rules, it's an indefinite suspension, they punted over to mark zuckerberg who gets to decide in a six-month time whether to keep the band, this is kicking the can down the road, the oversight board said they effectively removed content or what you decide is unacceptable such as talking about the capital riots in january, removing the content, not blackout the whole account, were seen the wall street journal reporting that even mark zuckerberg admits something like 10% of cases a day that facebook it's wrong, they get around daily, that means 200,000 decisions are wrong a day at facebook, your reaction? >> having the clear clean policy makes implementation a l lot easier but when you have a willy-nilly policy like they have right now it allows for
employees of facebook who lean left to censor conservative speech to allow more liberal speech, i would also say the oversight council of facebook is not a conservative group, they are left-leaning, they also realized that conservatives are saying when i let this stand, working to break up big tech, working to regulate big tech because they understand, you should eliminate the content but not the user because this truly is the public square, if you're not on facebook and twitter and you can't use youtube, you're in a place that you t can gauge wih the american people and i think that's fully understood by both sides off the aisle and if they don't get their act right, i think when republicans, as you mentioned take over the house, maybe the senate and the presidency, they have real issues on their hands with the republican led washington, d.c. compared to what they have a democrat-controlled in all branches. liz: also, were seen, y facebook
to your point has banned people for talking about like student debt, but they lead on authoritarian and dictators from around the world like iran, trump could argue that facebook is singling him out, when you look at the oversight board which just launched within the past year, they only overturned on appeals six users saying they were wrongfully banned, that is not a lot. even bernie sanders said, he is no fan of trump, he said he's not comfortable with this because it can be donald trump today and somebody else tomorrow, ted cruz is saying the same thing they could single out the viewer, who else could they single out. >> you look at t free speech in our constitution but really in effect from our government, does not necessarily apply to businesses, we let businesses run with values and morals that fit their culture, this is something completely new that we haven't had to deal with when
you have a massive organization that does control the public square and it limits americans free speech, the way that you have good dialogue and you let people say things are on the fence whether it's a left or right, and to express yourself you take the energy out of the room, it's a good thing that we allow people to speak but if you have all the speech police in places like facebook and twitter and you stifle the ability to communicate, all the sudden people behave in really bad ways and again, that's why our founders were brilliant to enshrined in our constitution that we can speak freely and express ourselves, way better strategy than lefties in san francisco, conservatives. >> sean duffy, great to have you on, i love your insight, it's good to see you. let's bring an attorney harmeet dhillon, she thought big tech in courtt. we would love your reaction to this, should facebook be transparent and show the names on who's the oversight board?
>> of course it should, we know some of the names but it's kinda like a mystery shadowy group and there's people who don't share the american constitutional values on that group from what we know and was really crazy about the situation, they have no written standard even facebook's own advisory board made that clear and as a revo result people are self-centering ctand unpredictable norms and normally incorporate law, if you're going to say there are corporation and they can do what they want, normally when corporations make promises to the users about transparency and regularity, you can hold them accountable if you're a user or a shareholder but because of the communications decency act in overbroad interpretation by the court, there are no norms and they can say what they want and nobody holds them accountable. that's problematic and we need to rein them in in that regard in a minimum. liz: we've been talking about this for some time that
republicans say you have to hold them accountable, mark meadows saying you gotta break them up, he saying that's on the horizon in congress, louisiana senator john kennedy said the like phone companies, common carriers they should be regulated like utilities, let's listen to what senator kennedy had to say about the whole situation. >> those not wishing to reside in lala land, i think we will agree with the facts as i'm about to articulate them. number one, most of the young people in some of the old people running the social media platforms arepr practically bolsheviks speed when he said there bolsheviks, separate from that, maybe not separate, white house press secretary jen psaki said she's indicating social media platforms still have a duty to censor, they have a responsibility to stop
amplifying untrustworthy content, what do you say that. >> i disagree, the social media companies have no more duty to censor the newspapers or criticizing government, they have no d such duty to the contrary, what they promised to their users when they joined the platforms was everybody share their views with articulated off limit thing but what happened the off limit has grown and grown being undefined and you only find out what's in that line when somebody is arbitrarily whacked like president trump indefinitely and that's happened on twitter as well changing the rules, retroactively, that is not any kind of a norm so i think what i would add to what senator kitty said i wish they were bolsheviks, that would be an improvement than what a lot of people in san francisco are, they are and i'll list and sometimes anarchist and their
supporters of violent attacks on our government, we see a lot of that happening in the program as well as the chatter weha see in the big tech companies and what they allow, president trump is not allowed on the platforms but foreign dictators are allowed, people in the middle east who are mass murderers, china is a genocide proponent, it is allowed on their and yet american former president is barred, not only is he barred but if 70 puts up a video interviewing him, that video is quickly taken down and used as a strike against the person who posted the video, this is not american, this is shocking and frankly i think republicans bear the blame in congress when we had control couple of years ago and doing nothing, taking cash from the companies and that's why we have the situation. i hope we take backe the legislature in the white house but then they need to dohi something and stop this talking about it and i welcome that day.
liz: harmeet dhillon, great to have young, thank you for joining us. still aheadma congressman greeks to be what we've been reporting to you for some time, the hill newspaper in d.c. says yes, it is happening, democrat ducey losing control the house and the midterm, pelosi could lose the e speakership, the worried about massive tax spending blitz. guess what democrats are trained to do now. we have the story next. >> abiding a administration simply wants to raise taxes and these bills he's proposing, the 6 trillion-dollar bills are trojan horses to get green new deal policies, payoff their cronies in blue counties, blue state simply cities. these tax hikes that have to be implemented, enacted to pay for
these huge bills are going to hurt the middle class. ♪ the remarkable gx and lx. lease the 2021 gx 460 for $529 a month for 36 months. experience amazing, at your lexus dealer. [ crowd cheering ] [ engine revving ] [ race light countdown ] ♪♪ ♪♪ when you save money with allstate you feel like you're winning. safe drivers save 40% saving is easy when you're in good hands. allstate. click or call for a quote today. saving is easy when you're in good hands. (vo) these days, every business is a connected business. so you need a network that's built right. verizon business unlimited
starts with america's most reliable network. then we add the speed of verizon 5g. we provide security that's made for business and offer plans as low as $30 per line. more businesses choose verizon than any other network. come to a local verizon store and get a plan built right for your business. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it.
and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, take the savings challenge at xfinitymobile.com/mysavings. or visit and xfinity store to learn how our switch squad makes it easy to switch and save hundreds. liz: back with a snap for the congressman greg steube, it is good toak have you on, what is e
take of the hill newspaper saying democrats are worried they're going to lose control ot the house in nancy pelosi can lose the gavel and the men turned year, because of the biggest government expansion the tax and overspending blitz. what do you think that the hill newspaper is same. we've been reporting. >> they should be worried, the party in power for the white house, republicans in this case dan on average to gain 30 seats, we only need to take five seats to take the gavel away from speaker pelosi. she can only lose three boats on the floor. that is going to take effect. you will see with reapportionment in states like florida, texas and north carolina, you will see republicans pick up speed entered seats because of how far left the democrats have gone, the biden administration has gone and i would be shocked if some of the tax increase past the house more because the moderate democrats in the trump
districts will have to vote for this and if they want to win reelection on the middle class and small businesses across country. liz: it looks like the biden agenda could fall apart because the democrats fear they're going to lose control of the house next year. were basically seeing, as you point out redistricting incenses in the blue states, they could lose house seats to places like florida and texas, the chase people away because of high taxes. democrat senator joe manchin saying he's worried about all the massive spending causing gas in consumer prices to rise, now we see nearly three dozen house democrats saying to themselves, according to the news hill paper, we are going to lose next year, we better ram through pork spending, as the senate is saying, senate democrats are saying let's get rid of the
filibuster which would stop all of this. this is going on tohi write? >> you are seen houseoc democras into speaker pelosi know that they're not going to have the majority in 2022, we will control the house, they're trying to jam through much of their progressive radical agenda as they can and the next two years but you're starting to get the democratic members but she can only lose three boats on the floor so you have some of the democratic members and moderate districts that may want to serve in congress after 2022 they'll vote against some of the bills and if there's more than three of them the infrastructure package, the tax increase, the capital gains increase, all the tax packages and infrastructure that the biden administration wants to put through they may not be able to get too the hous, i would be surprised if they had the votes to do that because there is so many members a moderate districts that trump wanted 2020 that i think are thinking twice about voting for raising taxes on small businesses in ourab country.
liz: why is biden spending $6 trillion on the economy already starting to boom when he took office the fastest growth since 1951, he did not and hereinafter your economic collapse that's what nancy pelosi was trained to say, he's fdr, he did not in here and fdr economic collapse, then the sum is majority since world war ii, why is this happening now, canada biden was against medicare for all, he did not like the green new deal, now president biden likes all of that, why? >> he's been drawn to the left by progressives in their party, his infrastructure package is a really infrastructure, only 4% of that goes to roads and bridges, everything else is a green new deal, he's been drawn the progressives in their party and i think all the moderates are starting to see, if we vote for these things were not to get reelected in 2022, you're starting to see democrats break from their
party, otherwise i would be in washington voting on infrastructure bill and i would be in washington folks enter voting on it tax bill but were not because speaker pelosi know she doesn't have the votes to get that through. i don't think they're going to get the tax increase in all the things that they want to get on spending but that's what the democrats are about, they're about spending and tax increases, tax-and-spend and how to fund the socialist programs that they want toun fund. liz: what was o'shea strange janet yellen shook up the stock market went to set interest rates are going to have to rise to deal with an overheated economy. from all of the spending. but now she's backtracking on this, you wonder who is pressuring her potentially to reverse course on that. what do you think, final word. >> if your increasing interest rates and you're not allowing economies but you're doing these things are hurting small businesses and businesses in our country and increasing taxes,
that is affecting the americans and small businesses in our country and that's the exact opposite of what we should do we should lower taxes allow businesses to operate and be successful and grow the economy. liz: congressman good to see you, come back soon. up next new york police commissioner howard safer with his reaction, and whether we will see more unrest on the streets of america after former minneapolis police officer derek chauvin convicted of murdering george floyd filing a new motion for a new trial. that story next. ♪
seeing blood when you brush or floss can be a sign of early gum damage. new parodontax active gum repair kills plaque bacteria at the gum line to help keep the gum seal tight. new parodontax active gum repair toothpaste. hi, i'm debra. i'm from colorado. i've been married to my high school sweetheart for 35 years. i'm a mother of four-- always busy. i was starting to feel a little foggy. just didn't feel like things were as sharp as i knew they once were. i heard about prevagen and then i started taking it about two years now. started noticing things a little sharper, a little clearer. i feel like it's kept me on my game.
i'm able to remember things. i'd say give it a try. prevagen. healthier brain. better life. this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again.
some days, you just don't have it. not my uncle, though. he's taking trulicity for his type 2 diabetes and now, he's really on his game. once-weekly trulicity lowers your a1c by helping your body release the insulin it's already making. most people reached an a1c under 7%. plus, trulicity can lower your risk of cardiovascular events. it can also help you lose up to 10 pounds. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes. it's not approved for use in children. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side effects include nausea, vomiting, and diarrhea,
which can lead to dehydration, and may worsen kidney problems. show your world what's truly inside. ask your doctor about once-weekly trulicity. liz: let's welcome former new york city police commissioner howard safir, do you think we are going to see more unrest in writing on the streets as a former minneapolis polices officer derek chauvin filing a motion for new trial after he was convicted of murdering george floyd, what do you think. >> it doesn't surprise me, black lives matter in the excuse that they can get to loot and harm their own brothers businesses is something that would not surprise mem at all. i'm not surprised about the appeal although i totally agree that their children was guilty of manslaughter although i'm not a lawyer but i think he might've
been overcharged by the murder charges. liz: we hear your opinion, we want to move on with this were saying the lawyer on media that they were intimidated and the prosecution reducing they're takingcu that on and knocked all of that out already. the idea that maxine waters came to the jury, there's been a debate about that as well when she said show them we need business if you don't get a guilty verdict and a juror wearing a black lives matter t-shirt to a demonstration last summer, those are just the issues i want to stay on the issue of more unrest you seen this in new york city in across the country, $2 billion in riot jam damages destroying businesses many owned by minorities 30 people killed in riots last year, that is a concern. >> that should bee a concern, anthony carr is a very
definition of domestic terrorism they indiscriminatelype target people, they cause riots, fires, murders, that's a perfect example of what they're about, they don't need a large excused and just the fact that he's appealing and everybody convicted of a crimele is titled to appeal is not going to be successful in my opinion but the fact is i absolutely see more unrest. liz: we hear you on that but tensions are already running high black lives matter protesters were harassing diners at a louisville restaurant, you can see there's harassment going on of innocent people trying to eat out, one of the guys at the restaurant had a gun, there's concerns about that that we could see more instances like this regular folks are saying that we thought it but now you see them pulling out guns.
>> it is time to again give law enforcement the tools and the political backing to do what they're supposed to do which is to keep noncriminal citizens of this country safe and we've been listening to the loudest voices of defunding the police and police brutality and racism in the truth is unless you fund the police property and unless you realize what the truth is, police are not racist, there'smu racist citizens and communities of 350 million, police do their job, serve the public, the whole narrative of racist is going to cause more death, more police retiring, more recruits not coming into the police department and it is a real problem. liz: we hear you, the fbi and
portland police investigating a death threat from an antifa black lives matter riotor or against portland mayor ted wheeler, the mayor is saying we have to get the city back after a year of anarchy as rioting has destroyed portland this is been happening for over a year.r. this into the soundbite. >> we are asking for the last time that you read resigned if you ignore this destruction to your precious way of life is going toea escalate. next time it may just be your own. liz: that is really disturbing, but portland effectively telling riders it's okay to bring the city down only one person has gone to prison, jail because of rioting after dozens arrested. what do you say? >> how ironic this is the mayor in the street supporting the protesters saying they had ald right to protest and they could
take over communities and now that he's being threatened he's finally said enough is enough antispam pressure by the good citizens of the city who have seen their city under siege andp they need to take it back and the only people that will take it back are the police. liz: thank you for joining us come back soon coming up fox news political analyst gianna caldwell he will break down woke us up in schools and companies. students still locked out, workers have lost jobs due to the pandemic, this is the latest chapter in a national debate boiling the country, surprising new takes on what works and what doesn't. it is about common sense. that story next. >> if you stay silence, you have to be an activist if you are not an activist with antiracism for black lives matter, you are
did you know that geico's whole 15 minutes thing... that came from me. really. my first idea was “in one quarter of an hour, your savings will tower... over you. figuratively speaking." but that's not catchy, is it? that's not going to swim about in your brain. so i thought, what about... 15 minutes. 15 percent. serendipity. 15 minutes could save you 15% or more on car insurance.
liz: let's welcome fox news political analyst gianno caldwell, what do you think of the new york city, we want your take on the new york city father who went viral on social media, we just showed him before the break, he's warning the education system and the schools are doingor horrific job teachig history and the obsession with race has to stop, that is a direct quote. >> absolutely i read the letter and not everything i agree with in the letter but however, i object that black are unable to succeed without the aid from government or from whites, he said the school is advocating that blacks should be helpless
victims and incapable of success regardless of their skills, talent and hard work, i absolutely agree with that but what we have to understand is this is the liberal viewpoint this is how they've created dependency industry which is captured a lot of votes, this is all socialism has really began to expand in this country, what we've been warning prior to the election if joe biden wants to win the left is going to take over, progressives are going to take over, that's exactly what we've seen their delivering whao they promised, they said they are going to drag joe biden into their policy. liz: let's listen to the father andrew gottman standing up he pulled s his daughter out of a school in new york city after seven years, watch what he has to say. >> our country doesn't survive not teaching history and civics and it sure as hell does not survive bringing up our children
to hate our own country and our history they made it seemed like they can integrate this antiracism curriculum into everything, every class into math, into jim, pe, it was sort ofer shocking that they were integrating into everything, it is become pervasive. liz: let's back this up, let's talk about what works in the country let's talk about what's missing in the debate, the common sense you can't litigate or legislate out of existence ignorance and stupidity, that goes the same for racism, the far left is claiming systemic racism to overturn the u.s. system which is the best system tin the world to fight racism d catch the bag i it's about due process, protecting freedom and civil rights and liberty, equal protection under the law, this
is poison and ripping apart the system whether individual bad actors that get caught by the very good system. >> martin luther king said it best justice anywhere is a threat to justice everywhere, what were seen as a policy icstandpoint of injustice, we ae seeing folks on the left that is determined in order for them to live thereafter create a victim mentality throughout the country and say we have to reach them in every policy that exist in truth really speaking over talking about racism they're not talking about racism in the real sense there saying white supremacy is not allowingr transgender women to play in in sports, that's what they're talking about this is what we've been seen, we've been seen at the redefining what racism is to fit their agenda at the moment and that's what's displacing real issues that we should be legitimately considering and talking about
and examining and they made it a cloud circus, this is where the problems lie. liz: let's move onto this, your thoughts on the story that aso third of workers at the software from called base camp quit and took a severance package, they wanted to keep on talking about politics in the workplace the company said focus on your job earn a salary and make your company better, this is not the place to talk politics, you could talk about in your personal life, shouldn't workers focus on their work in the product that's what they're paid for, millions laid off during the pandemic, they would love to havenn a job. >> definitely employee should follow company policy and if that's what they say that's what it should be we see a culture of locus of their corporate leaders and many others that commented on the georgia law, my argument that should not be the case you should focus on your customer base and ocular politics, you
don't belong there. liz: gianno caldwell, with great to have you on, come back my friend. up nextiz monica crowley with yr take on the biggest hypocrisyggf all in the democrat sanctimonious fight about taxing the rich, it's about what democrats don't want you to know, whether avoiding talking about, taxing the rich is players of all who so happen to be in the democrats own backyard, this is the democrats playground for gonna talk about it next. 'cause i do things a bit differently. wet teddy bears! wet teddy bears here! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
[laugh] dad i got a job! i'm moving out. [laugh] dream sequence ending no! in three, no! two, keep packing! one. ♪ when i was young ♪ no-no-no-no-no please please no. ♪ i never needed anyone. ♪ front desk. yes, hello... i'm so... please hold. ♪ those days are done. ♪ i got you. ♪ all by yourself. ♪ go with us and find millions of flexible options. all in our app. expedia. it matters who you travel with. expedia. dignity. it demands a rapid covid test, because we all deserve an answer. it demands your heart stays connected to your doctor, so you know it's beating as it should. and a rapid test to help evaluate concussion,
in case something were to happen. at abbott, we fight for these moments, developing life-changing technologies. because dignity demands it. ♪ ♪ (vo) nobody dreams in conventional thinking. it didn't get us to the moon. it doesn't ring the bell on wall street. or disrupt the status quo. t-mobile for business uses unconventional thinking to help you realize new possibilities. like our new work from anywhere solutions, so your teams can collaborate almost anywhere. plus customer experience that finds solutions in the moment. ...and first-class benefits, like 5g with every plan. network, support and value without any tradeoffs. that's t-mobile for business. (naj) at fisher investments, our clients know we have their backs. (other money manager) how do your clients know that? (naj) because as a fiduciary, it's our responsibility to always put clients first. (other money manager) so you do it because you have to? (naj) no, we do it because it's the right thing to do.
we help clients enjoy a comfortable retirement. (other money manager) sounds like a big responsibility. (naj) one that we don't take lightly. it's why our fees are structured so we do better when our clients do better. fisher investments is clearly different. age-related macular degeneration may lead to severe vision loss. so the national eye institute did 20 years of clinical studies on a formula only found in preservision. if it were my vision, i'd ask my doctor about preservision. it's the most studied eye vitamin brand. if it were my vision, i'd look into preservision. only preservision areds2 contains the exact nutrient formula recommended by the nei to help reduce the risk of moderate to advanced amd progression. i have amd. it is my vision so my plan includes preservision.
to celebrate salonpas day and our mission to improve people's lives through topical pain relief we invite you to try our powerful, long-lasting patch for muscle and joint pain, get your free sample at trysalonpas.com hisamitsu sure, about this? experience capability, crafted by lexus. we're good. the remarkable gx and lx. get 0.9% apr financing on the 2021 gx 460. experience amazing, at your lexus dealer. liz: let's talk about this biggest hypocrisy at all in the democratal sanctimonious tax the rich the president biden, barack obama elizabeth warren, nancy pelosi are silent on taxing the rich is players of all there in their own backyard, this is the democrats biggest playground, it's about taxing universities, college and nonprofit, they're
not talking about it because there is a turnstile between democrats and those organizations, let's welcome treasury secretary monica crowley, what is your take on the story. >> you make a really great point, no coverage no attention therefore it doesn't drive any public outrage but the american people should be aware as you point out these institutions, colleges, universities, nonprofit have massive endowments in many cases, they are very well-funded and there is no discussion about upping their tax rate most of these institutions lean left, they support president biden's agenda and a congressional democrat for the most part they are left-leaning, if you tax the more you get more funding to support all the spending and the programs that these institutions say that they i support. liz: one and a half trillion dollars in wealth combined, i think that number is
understated, i've seen 3 trillion in assets. this outstripped jeff bezos, bill gates, mark zuckerberg, elon musk and the founders of google in oracles network combined. so you really want to tax the rich, youou are right there endowments are bigger than hedge funds and the nonprofit industry study show that they do lean far left, why the silence on this. >> it does look like at least on the surface that they are protecting their big institutional friends because a lot of these are big campaign donors and so on, when we talk about tax rates and the max under massive biden tax hikes which will suffocate the robust recovery which is the trump recovery, nobody is stopping any of these institutions or any of the democrats or the woke corporations from voluntarily paying more in taxes, there is
nothing in the law that prevents them from doing it and yet what you see time and again, everybody from corporations to alexandria cossey cortez, they follow the tax laws and only pay what is legally do, they don't pay 1 penny more and i can't blame them people and businesses are economically rational but over talking about soaking the rich these institutions are the riches of the mall and the democrats are not calling them out and pressing for tax hikes on them. liz: monica, i hate talking about myself i think when anchors talk about themselves it's really annoying and self-referential and vague but i cover taxes and the irs for two decades and testify twice for congress irs and tax reform i've talked to irs officials they don't want to do a lot of politicking that democrats want in the oversight at theti irs, there the organization that sees nonprofits and universities, it's a small outfit purposely
i've heard from officials, why because they keep it small because they don't want enforcement of the abuses in the nonprofit industry as you pointed out studies show they do tend to be left-leaning. is this true you been in d.c., do democrats know there is a turnstile, revolving door between their government job in these universities and nonprofits so they clam up, this is like d.c. and overdrive. >> they do know but they don't care, they do have the protection of the press so you don't see stories on this issue at all, if they are talking about these massive tax hikes, capital gain hiking the corporate tax rate, hiking the individual tax rate there's talk about increasing the death tax and wealth tax, the biggest institution of the mall are protected by these folks and it is a revolving door,
unfortunately all of the tax hikes are going to have the effect of putting a wett blanket on a very vibrant trump recovery. liz: got it, good to see you, come back soon, coming up congress and michael waltz, why president biden should know better, because vice president biden under obama over saul central america, they did it the exact same failed approach, did not stop illegal border crossing, we'll talk about this next. ♪ ♪ ♪ ♪ ♪ ♪ hey google, turn up the heat. ♪ ♪ ♪
(vo) these days, every business is a connected business. so you need a network that's built right. verizon business unlimited starts with america's most reliable network. then we add the speed of verizon 5g. we provide security that's made for business and offer plans as low as $30 per line. more businesses choose verizon than any other network. come to a local verizon store and get a plan built right for your business. you packed a record 1.1 trillion transistors into this chip i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you become an agent of innovation with invesco qqq
♪♪ liz: back with us florida congressman michael waltz, it's always great to have you on. we know you been very vocal about the presidents border plans, you say his plan to spend four did billion dollars to central america to stop illegal border crossing will this be pocketed by drug cartel increment of gangs. >> that is right, not only is it not going to fix the problem, it's going to make it worse, two of the three countries in the northern triangle are listed among the top ten most corrupt in the world. on top of that i talked to a number of aid organizations down there and in all candor in order
for them to get the money to actually get to people to help in their villages, criminal cartels typically take 2230% so do the math, if you're talking $4 billion, just to the gangs and there cartels alone, you're looking at upwards 300 million, it's actually going to embolden crime in the cartels, it's going to make government even worse in terms of corruption which will drive more people to migrate to theth united states, this is an asinine policy and biden should know better, they tried in a smaller scale under the obama administration and it did not work. liz: vice president biden over saul central america, obama did the same failed approach, $2.4 billion, did not stop illegal crossings, presidents as far back as john f. kennedy and
forward have tried this and it repeatedly fail because the money goes to an entrenched hypocrisy and doesn't go to the the ground who need roads and highways and electricity and jobs. when you talk about 20 - 30% taken off the top, who exactly is pocketing that money? >> that the various gangs and criminal cartels, ms 13 is one of the most notorious outf of mexico but there are similar type outfits and gangs down in the triangle countries as well, there could have more power, more money, more weapons, extort the people even more in the u.s. taxpayer dollars, the other piece that is so infuriating, under the trump of administration, they provided some aid and we need to get into the long-term problems of
instability but they used as leverage to get the governments to do the right thing, mexico notably sent its national guard down to the southern border and stop letting people pass through and we also sell very decisive action from the northern triangle countries but with biden its no strings attached, $4 billion on american taxpayer dollars just going down to make the problem worse. liz: the government accountability office saying under obama, 60% of the targeted failed when obama tried this, why keep repeating the same mistake over and over again, you've seen it to we are seeing corruption and levels of government top officials and others in honduras, a lot of fraud in the 2017 election there, there's embezzlement going on in these countries, string of cocaine smuggling cases brought against prominent
hondurans, you see all throughout central america. so this idea that critics repeatedly have told us and tell us if you agree, the idea that people from central america and south america aren't doing it legally, they're endangering themselves but the drug cartels and human traffickers are bullying their way through the southern border and it's really putting at risk are border towns and cities and states. >> their charging anywhere from 10 - 15000 per head of the folks erof their smuggling, what breas my heart is the father of a teenage girl, 30 - 40% according to international ngos of girls especially both boys as well as being sexually assaulted and sold into trafficking. so they take money from the poor families that are so desperate and then they sell them into trafficking. it is truly sad and disgusting. in the biden of administration does notet seem to care. liz: it is horrific.
thank you for the data michael waltz, we love having you on, come back soon. i am elizabeth macdonald, you been watching "the evening edit" on fox business. we appreciate it and grateful llfor you watching, we hope you have a good evening, join us again tomorrow night. ♪ larry: hello, everyone, welcome to "kudlow. request" i'm larry kudlow. great to be with you. for one brief,. shining moment, there was a clear truth emerged from treasury secretary janet yellen. interest rates are going up. she was completely right. at least for a couple of hours. and then the white house came down on her, and then she walked it back. i know all about that sort of thing, i've been on both sides of that train. but in allowing the truth to momentarily escape into the public ether zone, ms. yellen is ac