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Will Congress Pass Obama’s Tax Plan?

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  • Description

    Author Mike Reagan breaks down the president’s plan to tax those earning more than $1 million.

  • Duration 4:49
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-- -- -- President Obama's new plan for higher taxes on the wealthy is essentially in my opinion that class war -- here on the East Coast.

Pretty much -- and flat.

Well what do people in liberal California saying about class warfare and the plan is there any enthusiasm for it net.

Mike Reagan is -- -- he's the author of the new Reagan revolution He joins us live -- -- does.

From Los Angeles I want to -- class warfare in California in just one shining moment -- Idea -- that you might be running against Dianne Feinstein for the UN the US senate's is that true.

-- -- show if she hopes Stewart the trouble they are in in California day we think you knew you were running for seven of the United States of America.

That story was -- the chairman Cisco chronicled.

But other Republican Party in this tape because they're trying to force me to run against died five and you know I'm I'm -- to help the party.

-- -- wolf I'm here to lead the party in this state at this point.

So is that -- no.

-- -- -- -- -- And are all right -- I'm momentarily speechless but if it will work that will give yet but my I want to get back to class wolf.

Hi I'm saying that yesterday the president engaged in class -- -- Richard got to pay their fashion etc.

etc.

Kind of fell with a fund here on the East Coast wasn't picked up that much didn't fire up the liberals that much.

Now you're in California.

How did it play in California.

It's a -- here to me one week He says one thing next week -- says something else here it changes all the time and it is they can't.

The liberals cannot even count I'm Barack Obama any more to carry their water anywhere.

He goes out it's all about getting reelected in 2012.

This is what this is all about the fair share.

I would like for one liberal just a defined yes fair share yes they never -- fair share they -- they let others try to define it.

In their own opinions they've never define it.

Themselves when you think that the top 1% pay 38% of the taxes the bottom 50% pay 2% of the taxes.

What you don't what does -- or not paying what is it we're not giving -- my question has been what are we catching Warren Buffett secretary it's such a high rate we need to lower hurt.

Actions not what all morning I've been asking -- guests walk is faith fascia.

What but the moment if you add up state and federal taxes on your income you added up.

In some states California -- included it's more than 50%.

At this moment is more than 50%.

I say that back is wrong no government anyway I should take more than half of any person's income no matter how much they make so I ask you Mike right.

What do you think is a fascia.

For the government to -- now that's adding state.

And federal income taxes together what do you -- -- fascia.

I'd like to see 25% Max.

Likely to have a flat tax so you can get it well it when it -- Reagan hold on a second.

You can give me a straight and stuff on what is a fashion that but you cannot give me a a straight answer on whether -- running for Dianne feinstein's seat that's shameful.

I'm -- you don't -- my -- my problem is I'm not sure my wife.

Would vote for me shooting evoked by implying that we're all about troubles -- treatment -- But you give -- straight down so we like Obama's senate Tracie burns he's itching to get into could go.

You know far as me up about all this -- we consistently talk about our fair share and that -- 250000.

All the sudden became wealthy.

Where representatives and states like California new York New Jersey Connecticut.

We're two and 50000 dollars with a -- of family and -- -- -- for I'm a single mother with three kids.

What does that -- I put my kids through college and feed them and pay bills and potentially.

You -- by the parents use at the end of the day it's not a lot of money in my state we are today.

There's not a lot of now a lot of lay out here in California you're -- -- -- -- for the fact thousand dollars.

Maybe if you're living in in Nebraska something like that happen living California living in New York living in Washington.

Living in those kinds states.

That is not a lot of money when you consider what the -- just said where 15% of your income is taken out pay for everything pay for college education.

Theory this should the problem with Washington.

They do this cookie cutter where they think everybody is an equal footing they're not it depends where you live and that's the reality of all.

All right if you're in Nebraska -- want to email as is -- at foxbusiness.com.

OK everybody my rent and the fifth straight answer the one question of the the other we appreciate and that's -- -- is is again I don't wanna struggle Nebraska.

What would she well both flick off right -- Africa that's probably why.

I.

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