chuck schumer telling ben bernanke to get to work. ben stein. >> i don't know with a chuck schumer is expecting ben bernanke to do? ben bernanke has his pedal to the metal and there's monetary creation and stimulus and i wish chuck schumer would tell the fellow democrats who tell the senate not to let us go off the fiscal cliff. tax-geddon. the ball is in their quart. i don't know there's a lot that bernanke can do. there's a lot that schumer and friends can do. >> congress has 21 days of work before the november election, by the way, give me that gig. 21 days and this guy is looking at bernanke and saying, speed it up. you've got to be kidding me. >> i think, neil, in their little world, as you can see from bernanke's smile, reaction, that was a little pat on the back and saying, i wish we were all doing better here. forget-- >> and come on, adam, i love you dearly. you know the smile on ben bernanke's face, i can't believe what an ass you are. (laughter) >> that's what the smile was. >> exactly right. exactly right. >> you know, it

chuck schumer telling ben bernanke to get to work. ben stein. >> i don't know with a chuck schumer is expecting ben bernanke to do? ben bernanke has his pedal to metal and there's monetary creation and stimulus and i wish chuck schumer would tell the fellow democrats who tell the senate not to let us go off the fiscal cliff. tax-geddon. the ball is in their quart. i don't know there's a lot that bernanke can do. there's a lot that schumer and friends can do. >> congress has 21 days of work before the november election, by the way, give me that gig. 21 days and this guy is looking at bernanke and saying, speed it up. you've got to be kidding me. >> i think, neil, in their little world, as you can see from bernanke's smile, reaction, that was a little pat on the back and saying, i wish we were all doing better here. forget-- >> and come on, adam, i love you dearly. you know the smile on ben bernanke's face, i can't believe what an ass you are. (laughter) >> that's what the smile was. >> exactly right. exactly right. >> you know, it was

chuck schumer is the senator of wall street. so where that number goes is very much driven by the incomes of his constituents. it's just really that simple. >> i completely agree with that. i think that's something that's been hard for the president to back pedal from, the tight ties with wall street. going to your point about this being smart politically but maybe not having such an economic impact, i actually think there was an important economic message there and that's that gridlock is the main problem. there actually are economic solutions to the problems that we're facing, the structural problems we're facing that we can't get by in. it was important to stress that. >> the other thing that struck me was the president reiterating something that i think nobody really knows or talks about certainly in the broader national dialogue, which is that the president has cut taxes for the middle class multiple times, $3600 a family. he talked about cutting taxes for small business owners 18 times. why is there not sort of like the ob

what is his justification for $250,000, whereas chuck schumer, nancy pelosi and others are talking about the $1 million? >> governing is about making tough choices. as we know, we can save nearly $1 trillion over ten years if we don't extend the tax cuts to the highest income. the president believes we need to use that money to invest in education, invest in innovation, invest in helping people get a fair shake and a fair shot. that's an area where mitt romney disagrees with the president. we're not quite sure why he wouldn't want to just move the ball forward and extend the middle class tax cuts for a year right now. we can have that debate later -- >> what about the argument the economy is too weak right now to take a tax increase which would be the case if you don't extend the tax cuts? >> well, the tax cuts for people making over $250,000 a year is going to the top 2% of people in this country. the vast majority of those people don't need those tax cuts. we're talking about many millionaires and billionaires who don't need those tax cuts. again, it's about making choices. do you want

there are people within the democratic party, elected officials, chuck schumer is one of them, who believe they should say $1 million and lower, let's extend the tax cuts. $1 million and higher, those people really don't need it and let's not. but you hit on what i think is the most important thing. this is not going to happen before november 6th. this is a political ploy. i don't say that in any pejorative way. this is a political ploy by the president to try to force the republicans on the record again to say you know what, we don't think we want to preserve the tax cuts for people who make $250,000 and above. the white house clearly thinks that's a winner, driving home that barack obama is for the middle class, mitt romney and republicans are for the wealthy. that's what this is about. i always say when it comes to taxes, one man's tax cut is another man's tax increase. that's the message we will see play out. >> that's exactly where the divide is. this was the president just about an hour ago in the east wing of the white house. excuse me. east room of the white house. >> we should all

chuck schumer and nancy pelosi said why don't you move it up to a million. they don't like the president doing this at $250 because a million is a lot easier. you tie romney to being a millionaire. it's a lot easier to do. they will bring back comments that bill clinton made to preserve the economy. they said they had this fight again and they are happy to do it more time. they will use comments by other democrats primarily as the way of pushing back on it. >> this has been the problem for the president all along. if you are united in their own -- that's been a point of contention between schumer and the white house for two years. luke russert reporting on the capitol hill moves. thank you, sir. coming up, romney's risky move and he is planning to leave the u.s. in the heat of the presidential campaign. how does the trip to israel play at the polls? plus, the president's edge. new numbers that decide this election. we will show you why the ads do manage. first a look at the president's schedule and mitt romney's schedule which we will start doing. we know wh

new york senator chuck schumer says new uniforms he believes could be made by a new york company. they could also be made in ohio and make it in time for the games. what does your gut tell you? should the u.s. olympic committee start over and rush new uniforms so that our olympians can have made in america not made in china in the label. go to facebook.com/newsnation to cast your vote. it is a hot topic. that does it for "news nation" on this friday. "the cycle" is up next. eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to

chuck schumer was wrong. the one thing congress could do right now, tomorrow, to make the economy better, would be to take the tax off the table that i think is having a very unsettling effect on businesses right now. >> all right. we're going to hit pause on that. obviously, that tax thing is much more complicated than just doing it tomorrow. although i know everybody would like to. they just have different ways they want to deal with it. all right, still "outfront," mitt romney gave an interview to a local station in pittsburgh talking about why he will not release more than two years of tax returns. and we have that for you next. and victor boot, remember him, the merchant of death? he is in prison for dealing arms around the world. but others have picked up where he left off. and the woman leading the charge to track them down is "outfront" tonight. >>> new developments in the search for those two little girls who disappeared in iowa on their bikes. fbi dogs were searching today. we spoke to the fbi. that

look, you've got claire mccaskill, bill nelson, john tester and chuck schumer representing people in new york and he says, you know, people living in new york make $250,000, their expenses are huge and they're not just business people. there are people actually that make that amount of money in two-income families. >> jonathan -- i'm sorry. >> i want to ask what these job creators have been doing with these tax cuts so far and how their situations have been improved greatly and how they're hiring so many people and how this would all stop. it's ridiculous. >> it's not ridiculous. >> come on. have they worked? >> we're talking about people right now, we're not talking about millionaires. >> i know. >> we're talking about people making -- >> i would prer that. >> $250,000, $300, $350 struggling to keep their businesses open. they're not creating jobs right now. >> so -- >> they're fledgling to keep their businesses open. >> the tax cuts in place by bush haven't worked? >> the tax cuts put in place by bush, afforded by president obama, these are really obama tax cuts -- >> they haven't

chuck schumer agrees. >> a lot of people make 250 who aren't rich. property is more expenses, taxes higher. >> schumer will go along with the president for party union. republicans say 250,000 threshold is too low for many small businesses. obama says only 3% are above it. >> this isn't about taxing job creators. this is helping job creators. i want to give them relief. i want to give them a sense of permanence. >> the one-year tax extension critics say is anything but permanent. the white house says it would clear the way for overall tax reform next year. after voters made clear who they want in the oval office. >> bret: thank you. let's get thoughts about taxes from brit hume. >> this is a shame that this is not conducted in the courtroom. if it were, lawyers for romney could stipulate yes, indeed, their client is a rich guy. that would bar the president's team further staging events designed to underscore the point. that was surely the purpose at the event at the white house. obama not proposing to cut taxes. he is keeping the current tax rate in

that is why folks like nancy pelosi and chuck schumer are trying to raise that up to 1 million dollars so the argument is is more clear cut. you can say we want to stop tax hikes, but the rewealthiest hav to pay. it's all talking point. >> but just to be clear, both chuck schumer and nancy pelosi have said they support entirely the president's comments today. >> as the democratic argument now. now, isn't there a irony here and speaker baper talking about job creation because if he was subjected to a proper appraisal, he'd likely lose his position on the basis of time wasting. he's planning for a -- on the president's health care reform this week. the 30th in just two years. can you explain to me what's the point of these endless moments of pointless theatre when people are drying out for something constructive from this speaker? >> there is two reasons behind this health care repeal wednesday. number one, it's red meat to the house republican base. >> that does nothing for people. i understand. >> they can put themselves on the side of that. >> wonderful. and to tell you -- >> the tack

. >> with olympi snow and chuck schumer, so many individuals i admire. >> the one thing you never thought he would do. >> a promise i made to myself when i was 10. here i am. >> russell brand, dangerous, outspoken and very, very funny. >> that's enough. we'll be right back. get off. >> russell brand. who knows what might happen. this is piers morgan tonight. >>> good evening. our big story, imagine a world in which a first lady divorces a commander in chief. the president herself loses to a less experienced rival and becomes the secretary of state. ridiculous. anyway, this is the world of the guilty pleasure, political animals. who better. sigourney weaver made over 40 films that grossed $4 billion worldwide. she plays the toughest female character in movies of the alien films. another first lady, sigourney weaver, welcome. i wanted to interview you for a long time. >> i'm flattered and delighted to be here. >> $4 billion. that must make you feel great. >> i didn't know. now i know how to greet myself in the morning. >> this is the calling card. resume, $4 billion at the box office. >> wh

and democrats nancy pelosi and chuck schumer what the cut off to be $1 million not $250,000. >> i want to make sure that it is clear his position is $250,000. >> it would save the average family $2,200 next year. >> the white house said that if congress sends -- sent the president a bill that extends the cuts for everyone, he will veto it. it is an election year and they are happy to have this argument among democrats. they feel it will paint mitt romney as the protector of the wealthy. republicans feel that democrats are keeping the jobless rate at 8.2%. >> more on the president's pitch on extending the tax cuts. the debate by republicans and what it means for you on the politics page of wjla.com. >> on the hill, congress is back in session following the fourth of july holiday. the big story this week among house republicans voting to repeal president obama's health- care law which imposes a tax on anyone who does not purchase health insurance. it is coming up at 6:00 p.m., you are forking out more at the gas pump this week. with the right prices jumped this week. >> and we are lookin

new york senator chuck schumer sees a tax dodge. >> you certainly don't need to renounce your citizenship to be closer to your family. we all know the reason she's doing this and it's to avoid paying taxes. i found the people who renounce their american citizenship despicable. >> others say let them go and focus on broader tax reform. >> we're going to have wealthy people leaving the country because they don't want to pay taxes. don't let the door hit you on the way out. >> many thanks to andrea mitchell. should we be trying to reform our tax code to keep our successful and business people here instead of pushing them away from america. >> this is a logical rul, this is human behavior. >> ewe stud bied policy, has senator schumer ever helped to keep successful people anywhere in america? has he ever met a tax rate he ever lowered? ever? >> she's not the only one. there's so many oerrs include savryn. there are a in um ber of people saying i'm done with being an american because tax rates are so high. california and new york, high network individuals, they're fleeing those places going to

peel-- or our people. >> that's because chuck schumer lives in a state that has one of the highest costs of living as does nancy pelosi. how about a nice round number like 1 million? everybody thinks the theme is right. the middle class is getting killed and they are the ones who need the relief. the media did pick up on that. >> let's talk about the cbs exclusive with the president on thursday in which he told charlie rose about the biggest mistake of his term in office thus far. listen. >> the mistake of my first couple years was thinking this job was just about getting the policy right. and that's important, but the nature of this office is also to tell a story to the american people that gives them a sense of unity and purpose and optimism especially during tough times. >> justin, how did the media play with that? >> it does tell a story, and frankly you can't blame obama for trying to tell that story since this is an issue he is incredibly good on. the last time we saw this argument, the poll showed him five points up in the polls. we saw that the majority of americans blame the rep

chuck schumer missed an opportunity to get in front a tv camera. >>neil: to tell bernanke whether you grow or not with his efforts he seemed to be the only guy putting in the hours and time to do something. >>guest: well, i agree with you. but there is a danger in politicizing the central bank. right? like politicizing the supreme court. the goal is not the best interests of the nation but to get a political outcome. and this is classic deflection. look --. >>neil: but he is telling him to get to work. >>guest: what has chuck showers and storms done? voted for new entitlement that is interrupting the company, and chuck schumer county his senate, that he is part of, run by the democrats headed by a democratic president has not touched a budget in 1,000 days so to him and his colleagues to tell someone like bernanke this is really whether you agree with the politics of what bernanke has done, operation twist, qe1 or ii, the guy is working, bernanke, working his tail off and stimulating month than the bikini clad kate upton. >>neil: really? that up fo

how chuck schumer defines whether you deserve a tax cut or not. you'll be surprised the reasoning behind whether it's $250,000 or million. what makes you worthy of getting the tax break? to more important news right now. mud bydy dion is back from his haonnymoon. still married. >> i'm married but in mourning, my patron saint passed away. >> very sad indeed. you had an opportunity to listen to the 50 shades of gray expert. what do you make of it? >> i love it. i've got it on audiotape. >> welcome back. >> kimberly: hello. i'm kimberly with juan williams, eric bolling, dana perino, greg gutfeld. it's 5 verz in energize. this is "the five." ♪ ♪ today, president obama called for a one-year extension of the bush era tax cuts for the middle class. >> i'm not proposing anything radical. i believe anybody making over $250,000 a year go back to the income tax rates we paid under clinton. when the economy create 22 million jobs, biggest budget surplus in history and milliontarys to boot. -- millionaires to boot. i cut taxes every year i was president. c

how chuck schumer defines whether you deserve a tax cut or not. you'll be surprised the reasoning behind whether it's $250,000 or million. what makes you worthy of getting the tax break? to more important news right now. mud bydy dion is back from his haonnymoon. st

murray is saying, and i think chuck schumer is behind it. but they are saying, okay, we're going to let the tax cuts all expire -- all of them. and somehow in 2013, the next year at some point while the taxes have gone and put us into recession they will come around and cut taxes except for the top brackets. is that what they are saying? >> yes. >> that's like saying we are going to force a recession and then later on fix the recession. do i read that right? >> i think you're reading it exactly right. it's just jaw dropping how irresponsible it is. larry, you know. you talk to business people. the level of uncertainty, the lack of confidence in this economy really is what's keeping our economy from growing and from us creating jobs. you have leaders in the senate saying we're not going to try to provide any certainty to this economy. we're going to increase the level of uncertainty. they are willing to let the american economy take almost a $500 billion blow to the body in terms of increasing taxes in 2013 and take a chance on being able to

chuck schumer of new york for fairness. thanks for joining us. >> hey. it's a good day in a long -- first good day on taxes in a long time for us. >> thank you, senator schumer. he made news there. he thinks they're pushing an army which supports big national sales tax as a way that the rich can avoid paying their share in terms of high rates. they get away with not having to pay high rates by getting the middle class to pay a big national sales tax. it seems to be the only way out if you're not going to have a fair system on the income tax side. analyst howard fineman is here to dictate what the truth is here. let's talk about a couple things. first of all, we've got an interesting development tonight. brian williams on nightly news interviewed mitt romney. let's look at what the candidate said about releasing his tax returns or didn't say. let's listen to this debate. >> you also know what happens in the real world, governor. people hear he's not going to release the rest of his returns and they wonder why. is there a year there he paid no taxes? they

that prompted chuck schumer and bob casey to impose a bill of a 30% tax on americans who give up their passports and would also bar them from re-entering the country. the irs would have to decide if they gave up their citizenship to avoid taxes. would you support legislation that would require people to pay up if they try to come back into this country, if they attempted to skirt around paying taxes? go to facebook.com/newsnation to cast your vote. that does it for this edition of "newsnation." tomorrow, mitt romney addresses the naacp. we'll bring you the completed wrap-up of his speech in front of the historic rights organization. "the cycle" is up next. home protector plus, from liberty mutual insurance, where the costs to both repair your home and replace your possessions are covered. and we don't just cut a check for the depreciated value -- we can actually replace your stuff with an exact or near match. plus, if your home is unfit to live in after an incident, we pay for you to stay somewhere else while it's being repaired. home protector plus, from liberty mutual insurance. beca

i agree with chuck schumer, it's enough to make your blood boil. >> do you think the bundlers need to be revealed? >> you continue to ask this question. as i've said, mitt romney, all of his donors are public. just like all barack obama's donors are public. you can go online and see them. where i -- >> the bundlers are online? >> the american people outraged when their tax money is given to donors on the -- of president obama. people who have special access and that's exactly what president obama promised he would not do in 2008. that's exactly what he's doing to the tune of over half a billion dollars just in one example. >> rnc deputy communications director, tim miller. thank you for your time. >> i'm going to be talking to brad woodhouse, did the nc communications director at the half hour. we'll bring in the power panel. opinion writer for the washington post. msnbc contributor, jimmy williams and susan dell percent yoe. hail hail, the gang is all here. everybody is in one place. jimmy your reaction to tim the conversation with tim? >> i don't think he answered your question. you

chuck schumer in fact, saying cutting it off at 250,000 is nt enough, it oulde cut off at the middle. so there is some division among the middle, but the campaign thinks that they're on firm ground here. >> i guess the issue is, you know we create jobs, not the government. so if you make it tougher for the businesses, ththey're not going to create the job. so i wonder if this is in fact, an idealogy and actually poor politics. >> so i think neither side thinks it will be passed. so they think there will be a big, grand bargain after the election, so no matter what gets elected, there will be a push to avoid the cliff. and what they're doing is posturing. so i don't think they're viewing it in the context of today's economic policy. at the same time, the argument from the obama team is that they are exempting everyone but 3%, 2-3% of small business owners, and that the small business owners, those of who are affected, are really lawyers and others in limited partnership, who are not really the job creators. thromneyey camp, as you well kn know, are argug that the bulk the job creation

. >> reporter: new york senator chuck schumer today. >> whatever reason the olympic committee should be ashamed of themselves but they can learn the errors of their ways and do an about face right now. >> reporter: hickey freeman made a last minute pitch to sell a whole new batch of american uniforms before the flame is lit in london. the fallout has been so heated that even donald trump who tweeted burn the uniforms and harry reid are on the same team. >> i think they should take all the uniforms, put them in a big pile and burn them and start all over again. >> reporter: the u.s. olympic committee stands by ralph lauren and says it relies on private funding to support the team. many american companies that sponsor the games also make their goods overseas where labor is cheaper. it's considered too late to change the uniforms so in a way the athletes will represent both their country and the difficult issue of out sourcing. kelly o'donnell, nbc news, washington. >>> the banking giant jp morgan chase today announced losses from a bad trade made by an employee nick named the london wh

chuck schumer in fact, saying cutting it off at 250,000 is not enough, it should be cut off at the middle. so there is some division among the middle, but the campaign thinks that they're on firm ground here. >> i guess the issue is, you know we create jobs, not the government. so if you make it tougher for the businesses, they're not going to create the job. so i wonder if this is in fact, an idealogy and actually poor politics. >> so i think neither side thinks it will be passed. so they think there will be a big, grand bargain after the election, so no matter what gets elected, there will be a push to avoid the cliff. and what they're doing is posturing. so i don't think they're viewing it in the context of today's economic policy. at the same time, the argument from the obama team is that they are exempting everyone but 3%, 2-3% of small business owners, and that the small business owners, those of who are affected, are really lawyers and others in limited partnership, who are not really the job creators. the romney camp, as you well kn know, are arguing that the bulk of the job creat

new york senator chuck schumer who's sponsoring a law to penalize people like rich, sees a tax dodge. >> you don't need to renounce your citizenship to be closer to your family. we all know the reason she's doing this, and it's to avoid paying taxes. i find the people who renounce their american citizenship despicable. >> reporter: whatever the reason, denise rich, whose father escaped the holocaust and found refuge in the u.s., has now become a citizen of austria. andrea mitchell, nbc news, washington. >>> still ahead, our first look ahead at how the u.s. team will look when the olympic opening ceremonies get underway in london. >>> no one really expected to see her majesty in a track suit, but the queen of england today did manage to at least admire the olympic torch up close. it's now just 17 days away from lighting the caldron and starting the olympic games. and ralph lauren has unveiled the very sporty u.s. olympic team outfits for the opening ceremonies. we sure hope everyone likes berets. >>> in the town defiance, ohio, near toledo tonight, they're talking about what just might

. >>> last night on "hardball", new york senator chuck schumer said when it comes to digging out of our economic hole, the democrats' tax plan is both politically and practically the right way to go. >> everyone knows the economy is slowly -- all too slowly making progress. i think people understand that and live with it, and i don't think they blame president obama. they want to know how you get us out of this problem. and the way to get us out of this problem, the way the democrats prescribe it, is a lot different than the way the republicans prescribe it. we believe in focusing on the middle class. they believe on focusing on the most well-to-do. that's a winner for us, but it's the right policy for america, most importantly of all. >> each night, chris plays hardball with some of the nation's most prominent politicians and news makers. be sure to watch "hardball with chris matthews" 5:00 and 7:00 eastern on msnbc. >>> here's your first look at some of the other news going on around america today there. were two separate scuffles that erupted inside a pennsylvania theater and it caus

they're buying an oil company for 15 billion bucks, but chuck schumer is trying to block the deal over what he calls u.s. security concerns, this after he helped to block the keystone oil pipeline deal and not only is the oil blockade why canada is turning to china and why prices are so high in the u.s. and toby, that someone is you. >> well, i admire mr. schumer on blocking, what they're blocking is our ability to take this massive resource and bring it into the united states, lowering our prices. guess what, call it the china move. the chinese look at us and throw their hands up and say, these idiots are going to block it, and we're in. we're not going to just buy this, this is the beginning and a lot of stuff in the gulf, but this oil is going to be double or tripled out of the money they ask from the pipeline from alberta to british columbia to china, and call it the china pipeline. >> and gary b, is that going to raise some prices, do you think, in the end? >> oh, absolutely, brenda, oil is supply and demand and the thing that's baffling to me, i think every administration back to

new york senator chuck schumer wants both children and adults to get free vaccinations. >>> michael jackson's mother katherine has reportedly been found. officials in los angeles say they've located her and she's safe. she was reported missing on saturday night where her son jermaine says she's in arizona with her sister and is following doctor's order to get rest and stay away from the phone. sometimes you need a vacation from everybody. kids, don't call, don't text. leave me alone. >>> after your local news on "cbs this morning," kevin fraser, host of "the insider" will have the inside scoop on why katherine jackson disappeared. i'm terrell brown. this is the "cbs morning news." you know what, this looks just like the tree house i built with my dad. (girl) really? yeah. there you go. okay, i'm gonna work on the roof. dad, i'll be right back! (announcer) it's more than just that great peanut taste, choosing jif is a simple way to show someone how much you care. you made that for me? well you're making this for me. (announcer) choosey moms, and dads, choose jif. ♪guitar [phone ringing] hi.