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Health-Care Decision: Tax or Penalty?

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  • Description

    FBN’s Charles Payne on the market and business reaction to the Supreme Court’s ruling today.

  • Duration 4:16
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-- stream I know where you stand politically on this we've talked about it over and over for the last couple years right tell me about markets Nicole went through some of these health care companies.

A lot of these companies will be helped out by the fact that people will be forced.

And not have that choice the individual mandate that's what it's all about will be forced to have a -- we see from the boards it's a split decision -- respect to healthcare stocks spoke from the Mac more macro picture in the market itself.

Under a lot of pressure -- -- -- we talk about what's hurting the economy.

And for the most part almost everyone agrees every once in a bunker mentality typically smaller businesses.

Then why doesn't this will be stopped for second because then you would say to yourself -- fine.

Why would no ruling like this just because just by the virtue of the fact that it's been ruled on provide some sort of clarity there that you know what you're getting.

And you say alright now we're gonna get out.

The bunker -- but what are we getting we're certainly we get higher taxes.

For the stock market that's not a good -- higher taxes on capital gains right on top of this tax we get and what's in this fiscal cliff has been a big topic Ben Bernanke brought it up.

And the closer we get two to January 1 of next year.

Without resolving this to probably the worst is gonna be so where are -- looking at a 500 billion dollar tax bill.

Hitting America at the wrong time we've been talking about Europe in the debate whether European style austerity works when I talk about austerity for most part they've been talking about.

Higher taxes imagine what this is not the by the way real quick I wanna talk to the other big story today which is our parent company News Corp.

Splitting itself up into -- just a second but the idea here that we're not.

Did you see we're getting new taxes or getting higher taxes -- I wanted to make the -- is not necessarily something we didn't know we were going to get in other words if you're presuming and it's studied health care for a couple years.

This is one of the things you said.

Whether it's called a tax or penalty beat the met the math is still say.

All low very few people had this logical outcome you talked about President Obama having three speeches -- had -- had to write a fourth could that by itself thank you.

That this outcome will talk about this outcome.

Who talked about chief Justice Roberts right on that the majority opinion no one really thought about this -- -- -- that's fascinating but it doesn't matter by the way who writes that -- opinion -- -- with the opinion.

What is sort of the point is being made those just because the way is questioned and went in March everyone really thought that -- -- -- one way you're right about nobody thought that money go to the new.

Court story -- discuss our parent company Fox Business.

Parent company and doubt it's splitting itself up into two separate companies once the publishing unit all the newspapers Wall Street Journal now there's.

And the other is the news and entertainment division which includes us Fox Business Fox News the movie studio what happy moments ago live here.

On the Fox Business Network the chairman and CEO Rupert Murdoch explained the logic of all that to Neil Cavuto before Charles reacts here's a little bit of that.

I do believe that our children will benefit from it absolutely well brought -- to -- was.

-- Now resisting that I've been 58 is -- company.

Graduating.

Their logic.

I realize the logic common and how all the companies would be data managed to Bennett in Libya.

A lot -- -- in every -- Charles we give a disclaimer.

All the tiny segment your own company to company that owns us but with that said.

What do you think committed to separate yourself domestic candy just the business analysis of the -- -- -- that you were Rupert Murdoch accused there was logic it was no logical but when someone bursts of business and grows that the way he grew News Corp.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Speculation scuttlebutt came out and I think the market initially thinks is the right thing today and speaking of.

Markets speaking and thank you Charles is speaking today and it doesn't like something -- the Dow's down a 145 anyway we have breaking news as a set a moment ago all over the place and we're covering it from all angles Mitt Romney's coming up president Obama's reaction.

It's just ahead as well his health care.

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