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Cavuto on Business

Trump, Clinton clash over tax plans

DISCLAIMER: THE FOLLOWING "Cost of Freedom Recap" CONTAINS STRONG OPINIONS WHICH ARE NOT A REFLECTION OF THE OPINIONS OF FOX NEWS AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE WHEN MAKING PERSONAL INVESTMENT DECISIONS. IT IS FOX NEWS' POLICY THAT CONTRIBUTORS DISCLOSE POSITIONS THEY HOLD IN STOCKS THEY DISCUSS, THOUGH POSITIONS MAY CHANGE. READERS OF "Cost of Freedom Recap" MUST TAKE RESPONSIBILITY FOR THEIR OWN INVESTMENT DECISIONS.

Do Candidates' Tax Plans Address Mounting National Debt?

Larry Glazer: Well unfortunately, neither plan really deals with the elephant in the room that soaring national debt. And in order to do that, both plans will actually increase the debt. We have to deal with the entitlement issue in this country. Social security, we've got Medicare, Medicaid, that are 50 percent of the budget. So outside of that we have one really key difference that is corporate income tax. Hilary talks about getting companies to pay their share but Donald's plan will do it. Lowering the corporate income tax gets companies to bring $2 billion sitting overseas back to this country to create jobs and get this economy really moving.

Ben Stein: No, I don't like it at all. I've been saying that for some time. It's pretty simple if you raise taxes you will bring in more money. This is the formula if you low in taxes you will bring in money has been proved to be faulty over and over again. I'm afraid that even though I'm not a huge fan of Mrs. Clinton to put it mildly, her tax plan is much less better where the deficit is concerned. We just have to raise taxes. Horrible. I don't like paying taxes but we have to raise taxes on the very, very rich. They can afford it. They won't miss a thing.

Charlie Gasparino: If you can look at history, Donald Trump has a better plan. Because history shows that over time, when you do keep -- when you lower regulations, when you keep -- when you lower taxes, businesses and I believe in economic growth, brings much more taxes than any government can. Economic growth increases. Now the problem with Donald's plan he does nothing to contain entitlements and, you know, that's the elephant in the room with that. But if you're going to net this thing, you know, this isn't even close. Her plan is horrible. It complicates everything. His plan is a lot simpler and by the way, I trust Donald trump with tax plan with a Paul Ryan led Congress, any day of the week.

Julie Roginsky: Both plans are interesting. If you're Donald Trump and a corporation, or you're a really affluent human being Donald Trump's plan it won't graze. Ben Stein will do great. Middle class parent or somebody trying to get into the middle class, In the middle class or trying to get into the middle class, the breaks that she's given, the incentives she's giving in her tax plan.

House GOP Task Force Finds ISIS Intelligence Manipulated to Downplay Threat

Ben Stein: No. It isn't what taxpayers really deserve. Taxpayers rarely get what they deserve. As a matter of fact, human beings rarely get what they deserve. Unfortunately, it has been a commonplace of military history in the United States and in all other countries for the politicians to get the military to lie for them, exam rate for them. This has been true since the Revolutionary War very true during the Civil War, very, very true during World War I and World War II and true in Vietnam. So unfortunately, while I'm sure it is true that the politicians may exaggerate, this is standard operating procedure. It's unfortunate but not unusual.

Julie Roginsky: You point out life is brutal and nasty and short. Thanks for ruining our Saturdays there. Ben is right, Centcom is actually doing this, and it's an inexcusable. Whoever is doing it should be held responsible. No indication it's coming from the white house or the secretary of defense. But nevertheless, Centcom -- if this is happening, awful.

Charlie Gasparino: You worried when it's filtered through politics. As Ben made a brilliant point before, weapons of mass destruction, I'm sure Collin Powell when he heard the words weapons of mass destruction, went, I'm paraphrasing went to
President Bush at the time and said let's be really sure, are we sure, he cautioned against it still, so -- but the policy guys still wanted to invade Iraq. The one thing I will say is this, is this, you know, are the policy guys doing this as a matter of course where they -- how they usually do it or is the Obama administration like the Nixon administration and/or Johnson where they're filtering every bad thing about ISIS through a purely, purely political framework. Is this worse than it was -- is this comparable to Nixon, Johnson? I don't know. If it is it's bad.

Larry Glazer: Ever since Vietnam, the American people have had a very skeptical view of military intelligence, particularly when it looks like it's altered for political gain. And that's what we're seeing here. Look, it doesn't take a genius to turn around and see everywhere you look, there's a globally inspired ISIS event. Whether it's Paris, whether it's Nice, San Bernardino. It's all around us. It's not going so well. We just want transparency and truth. American lives are at stake here, we want to know people are safe including those in the Armed Forces.

Poll: 69 Percent of Voters Disagree With Plan to Prosecute Some Climate Change Skeptics

Charlie Gasparino: I think if the Democrats really want to do this efficiently -- these are mostly democratic AGs who want to basically prosecute thought. These are -- they should get re-education camps. Copy the Vietnam, Cambodian, Russian models of re-education camps and just change people's minds all at once modes to of doing stupid piecemeal things because it's not efficient enough to prosecute thought that way. They should just go whole hog I bet you if Hillary Clinton's watching, she's going to take this up.

Julie Roginsky: Let's be clear. States pass laws, right, dealing with climate change. You may like those laws, you may not like those laws, it's a belief things. When you have corporations, Exxon, I don't know who it is, doctoring evidence, or otherwise breaking no state laws.

Ben Stein: It's more than farfetched. It's unconstitutional, a violation of the First Amendment. It's gone way beyond suing corporations over their disclosure documents. There are prominent people in America on the Democratic side saying that climb change skeptics should be put in prison.

Larry Glazer: This isn't about climate change. This is about government overreach and steps individuals stepping up and taking responsibility. Governments are always going to do things we don't like. It's for individuals and the media to call them on it, for the people to rise up. It's not the government's job to enforce everything. If the government enforces everything that doesn't satisfy their beliefs, where do you draw the line? Look, are we going to enforce religious, political beliefs? This is what happened with the IRS scandal. That's the problem.

Stock Picks

Larry Glazer: (GE) GENERAL ELECTRIC

Ben Stein: (SPY) SPDR