DANA PERINO (CO-HOST): This is Eric Bolling’s wheelhouse. I’m going to get to him in one second. I want to show you a full screen of this chart here. 45 percent of people in America paid no federal income tax. That doesn't necessarily mean they didn't pay state income tax. But 45 percent paid no federal income tax. Tax reform being the thing that you agree, is the most important thing, public policy wise, we could do to grow the economy. Where do you think things stand?
ERIC BOLLING (CO-HOST): That number is amazing, 45 percent are not paying. That means 55 percent, almost half the people, are paying for the whole pie. So $4 trillion are spent every year. We borrow some of it, but the vast majority of the wealthy are paying for it. So those numbers, I don't know if you have other charts in here but the breakdown is the top 20 percent. The top 1 in 5 Americans are paying for 70 percent of all outlays America. That is insane. Right now, you pay federal income tax, you pay either state income tax or property tax at the state level. You pay property taxes, you pay sales taxes, you pay death tax. They tax you literally from birth to death. Meanwhile, if you are on the take, on the other side, the on with the 45 percent, you're likely getting unemployment insurance, you are likely getting free health care, you are probably getting food stamps. You are probably getting a phone, getting the internet, you’re getting help with your heating electric bills and what not. So, we are very close to the tipping point where, when that goes to 51 percent the people aren't paying anything. You will never change the system. So Bernie Sanders, Hillary Clinton is talking about shifting. How much can you shift when the top 20 percent are paying for 70 percent? I can't imagine you shift any further.
