Guests: Charles Krauthammer

"There was devastating testimony today by Americans who say they were unfairly treated by the IRS. Those telling the House Ways and Means Committee their stories were all members of conservative groups seeking tax-exempt status. Among the allegations: The IRS stalled their applications, asked them inappropriate questions about their beliefs, and gave their private information to liberal groups that opposed them. It was interesting to watch liberal Congressman Jim McDermott try to defend the IRS conduct, but many honest liberal people clearly see the danger of having a powerful public agency treating people unfairly based on political beliefs. That's what fascist and communist governments do! The White House still has not told the nation what former IRS boss Douglas Shulman was doing in the White House 157 times. What's the holdup, Mr. President? How about that 'transparency' deal? Finally, here's a piece of information you should know: Shulman's wife Susan Anderson, a big-time left wing person, supported the Occupy Wall Street movement. So when you hear Democrats say Shulman is a non-ideological guy, please keep that in mind."

The Factor asked Charles Krauthammer to evaluate Monday's testimony about IRS harassment. "Today put a face on the abstraction of what it means when the government abuses you," Dr. K declared. "These folks, who look like ordinary Americans, were trying to do the quintessential American thing - organize and express themselves. Precisely because they were doing that they are being harassed. Remember that the Tea Party arose out of nowhere, it was spontaneous and un-led, it was the classic example of Americans expressing themselves. But because of the content of their beliefs they were harassed and abused by the government!" The Factor questioned whether Monday's testimony, however powerful, will have an impact on the general public: "The other networks probably won't cover this in any great detail and it won't get out into the distracted population."

Guests: Rep. Tom Price

Republican Congressman Tom Price, a member of the House Ways and Means Committee, also opined on Monday's testimony. "We had six witnesses and a couple of things stood out," he said. "These were small groups and there was no reason for anybody to be targeting them for anything. Another really troubling thing was that donors to one of the groups were leaked to an adversarial political group and those donors were then harassed by folks. This is just chilling stuff, certainly not something that should happen in this country. We've heard from the folks at the top level of the IRS, we've heard from the folks who were victims, and the next step is to hear from the IRS agents who were on the ground. We'll get to the bottom of this."

Guests: Monica Crowley and Alan Colmes

ABC News has aired a special report documenting the epidemic of violence in many U.S. schools. Alan Colmes and Monica Crowley analyzed the burgeoning problem. "I think there are a couple of things going on," Crowley theorized. "First is breakdown of the family, with fewer intact families with fathers present. So you have families that are not instilling values and discipline and respect for authority." Colmes placed at least part of the blame on economic woes. "This could be because of poverty, and before I jump and say it's a racial issue I want to see research. Sadly, there has not been a lot of research on why this is happening. It could have to do with economic stress and divorce." The Factor reminded Colmes that there seems to be a racial component, saying, "It is largely an African American and Hispanic American problem, that's where the violence is."

Guests: Kristen Soltis and Alex Smith

The Factor welcomed researchers Alex Smith and Kristen Soltis, authors of a new report analyzing why young people tend to lean Democratic. "Republicans are in big trouble with young voters," Soltis declared, "but there are a lot of opportunities for the GOP to win them back. There's a sense among young people that Republicans don't have an answer to the problems that are affecting their pocketbooks and their lives. But young people give Obama an 'A' for effort." Smith advised Republicans to court young people assiduously. "If the Republican Party ignores younger voters we risk losing every national election in the future. Younger voters felt they weren't reached by the Romney campaign or the Republican Party. We have to meet younger voters where they are on Facebook." The Factor concluded, "It comes down to a charismatic candidate who can reach young people and use words they understand."

Guests: LIs Wiehl and Kimberly Guilfoyle

Legal analysts Kimberly Guilfoyle and Lis Wiehl looked ahead to the trial of George Zimmerman, who is charged with murdering Trayvon Martin last year in Florida. "The racial aspect should have no place in the courtroom," Wiehl declared. "The only issue is whether Zimmerman acted in self-defense that night and whether the prosecution can make the case that he didn't. This is a really hard case for the prosecution." Guilfoyle suggested that picking the six primary jurors and their alternates will be a critical part of the trial. "The key to this whole case is going to be jury selection and we can't be naive and say race isn't going to be an issue. The case is about race when it comes right down to it, but it should be about self-defense."

Guests: John Stossel

Fox Business anchor John Stossel will be here with some advice on how to run your household finances.

David Oberg, Round Rock, TX: "Bob Woodward must be kidding if he thinks President Obama should be leading the investigation into the IRS. Should Nixon have led the Watergate investigation? Get real."

Jim Greene, San Francisco, CA: "Bill, your audience is much more interested in what Woodward has to say than what you have to say. You should have listened more."

Diane Miller, New Port Richey, FL: "The IRS spends $50 million on frivolous conferences and I have to pay taxes on a $35 gift card. Shaking my head."

It is generally not a good idea to speak in public about your personal habits and proclivities.