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Meant there was appreciate your being with is and I want to nail something down -- right from the stocks.
The president keeps on talking about how the rich should pay that Spanish -- -- want you to tell me what do you think the fashion and it is somebody makes a million dollars -- yeah.
Right now if that person lives in -- California all New York City.
When you combined state and federal income taxes.
That paying way more than fifty cents on the dollar so I ask it now and what do you think.
Is that fair amount of money to take off somebody who's -- goading them.
Two things Stuart we're only talking federal here where you choose to live as in a state eleven in -- tax policies they have is another matter in this case.
But I would say what President Obama is asking is that people go back to what they were playing under Clinton.
The last time there was a Democrat in the White House who had to bail out a president named bush and an economic mass do you think it's okay let's get a more than.
Fifty cents on the doll that anybody out of -- -- Jamaica don't care what you look I I personally think that back is flat out on fat and wrong no government should do that and -- I say that when it comes to the -- Earl Stewart.
This -- 99 point 7% of the people in this country.
Are not affected by the buffet so -- I think -- -- I am sitting here although one of the Keating is a fashion that need not answered me yet on the opinion down.
-- want you to tell me what's a fashion that if you -- -- I don't know what you -- I'm not interested but if you -- a million dollars -- idea if you get if you read a billion dollars a yeah what you think.
-- -- 500000.
All of -- to the state in which you live and the federal government would you.
Again I think it's a matter of federal policy here we are in a terrible mess single -- Back to the communique know they return on time Belmont is really weird -- out of millionaires and billionaires are deemed most protected out in his I don't I don't get a hearing to know what.
This this is -- above and beyond million as a billion as this is of course a moral question I haven't site.
Is -- -- for any government to take more than half of any man's income is it.
I think that think the question also is do it if you're gonna ask that part of the equation you have -- then ask.
Is it moral and Christian to ask those who have the least to sacrifice the -- And that's the dilemma is that really scary late lately so a great now in the middle class fit President Obama pays no big nothing to -- -- -- Federal income taxes zero not -- Not that.
That's why we need to grow the economy but my point here is Ortiz is the middle class has been the one there's been a class workers and middle class for ten years.
If you have the value does that hold out for your benefit I don't know and in Canada I found enough to answer the question and -- really.
Anyway it includes if -- an -- -- is a Medicare -- is it legitimate.
But I don't know I don't think I and more than half of anybody's think of I don't think it is that you say.
He says okay I think.
Now what I'm saying it it it we should be in that position but we are and -- Hezbollah led his presence there take us thought the gamma positions come on now.
So that what is it un.
I mean same answer questions and under under the circumstances.
It seems we have little choice because what has been unfair over the last ten years is what the folks who work hard every day -- play by the rules have been subjected to all right so here we home and not a one point here we are.
We have to go back to what Clinton did okay which is revenues their taxes whatever you wanna column investments in cuts is the only way to Baylor -- out of -- Horrible horrible -- all right this a tell you what answer my question I'm not gonna get around strategy but as of this one.
-- -- -- went that way they can explain to me economically.
How taxing people mole.
Creates jobs just the wrong -- they're running behind the what's the economic theory that says you raise taxes you create jobs go.
Sitting in this case.
Taxing people more asking him the pay their fair share is going to help the deficit obviously.
Those aren't individuals the taxes are going up and businesses they're going up and individuals to make a million dollars or more.
All small business who breaks in the world smiled -- -- unless it breaks in the world they -- have not been have not helped.
Business at this point because it that were the case we wouldn't be in this mess what it then and now we have to do everything.
Everything I'm -- you wish that -- it was president and chief.
I wish we didn't we're in the mess we -- in and I wish -- paid along the way the last ten years.
That's what I wish and and and as someone who went through this before.
And you look at what Bill Clinton did to create that terrific economy we had in the beginning we had to do all these things everybody has the sacrifice nobody's past is happy about it.
Myself in particular but I I think the reality now is the folks who haven't paid their fair share who have handled -- -- in the early.
All of those guys I'd die and how things are okay what's ahead.
She act into -- the -- won't.
Outset when it comes to making plays 38%.
That the taxes must not let that should know.
When it can't let it isn't all around about that roller -- 99 point 7% of the people -- an entry about -- that's not that's not gonna get into the.
Does He knows what he's still about I'm not sure right about -- aren't so we're talking about investments Marion and so a corporation.
Makes money they sell a product.
And then if filters down and that profit is taxed.
And then what's left out of that sum -- paid out -- -- dividends already this investment has been taxed once by the government.
Then not use any investor -- this money in it will be taxed again if we at the corporate tax.
To the other tax rate these people are actually paying much more than this year but I got to tell you it.
Is it really question for the government in this case President Obama to take from people were successful.
In -- name of the war.
But spend it all whatever you want to spend and and let's be honest about the is that the big question is not moral it's not right and it's gonna backfire.
I think not doing that.
Would not be right moral or Christians and they have not been asked -- contribute or sacrifice anything at this point.
An amount what I am proud of America and that's sacrificed by the way people.
Get a million dollars in this country big sacrifice its -- we can drop out of high -- content why don't people -- pension give their money big -- there may not through college they want their way through you know -- -- the corporate letter they've made an investment in the rest Robert every -- way ahead in a pair of the money big sacrifices they didn't suffer and they -- -- -- call and they should get what they've.
Charles you and I both know people who play by the rules went to the government it's really.
Had great jobs have lost their jobs lost their homes and lock their families that's what this is about now a everybody has to kick in right.
-- -- let me phrase my question what about -- -- a little time left let me phrase my question different because you would announce the original question.
Do you think it's okay.
To -- what I mean if if everybody got to sacrifice what it would -- tax rates up to 60%.
-- -- -- One look for for what I mean He will give -- a moral guideline here you what's that depicted the centers in mall wolf noted that what -- do that so -- -- 160%.
-- is still you still have state taxes you still have local taxes you will have gas taxes right they can't put that -- you just said.
60% federal tax yet you wouldn't have any of attacks correct a get none out -- do it but that's just put it up to 60%.
He's that good look know what.
Nick in particular rapidly -- and -- and nobody nobody wants that they and nobody wants sixty.
They were but you do reality we're humor O'Donnell you know what I -- -- I wish that weren't the case you know what I'm an arsenal of what you think you -- you will tell them what they.
What's the alternative.
What's the alternative.
Well a lot tell you -- -- what more government revenue you know you do that.
No top cut tax rates and you get rid of a whole bunch of loopholes and deductions that's what you do that brings a great deal closing loopholes tax ripple but -- the president is not the president wants to raise tax rates and there's a huge difference.
Well I think -- two things one I'm not sure there aren't more announcements to come.
And I think closing loopholes used I'm sure President Obama is gonna and tax rates out of the question He will -- -- no no -- I'm talking I'm talking about loopholes closing loopholes.
Ending the offshore accounts I could see that coming in the next few weeks and months and I also could see asking government contractors that anyone -- -- any government funding to only US and -- US workers.
And on you've all that money here and that million revenue bailed out the car companies I think on -- -- --
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