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Rep. Gutierrez on Taxing the Rich

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    Rep. Luis Gutierrez, (D-Ill.), on Obama’s efforts to increase taxes on the wealthy.

  • Duration 5:00
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That's just me I have a -- of favorite of mine on on both fox is a Fox Business when he appears.

Targets and Luis Gutierrez of the -- state of Illinois that comes in very good to have you.

Thank you it's a pleasant meeting we were mentioned it sir that it had in -- states addressed is that a good characterization.

-- -- I think when you start out losing 800000.

Jobs a month when he assumes the presidency that some millionaire and the economy contracting you're not -- inherited thing I don't know but but got to start at the beginning we get to the yen -- it's hard to move on.

Does that that's still -- capital equipment that's their public that we gotta we gotta get under that -- -- that the name really is about the future.

But you know -- the Republicans as we were discussing up camera they have the debates and tonight he has so I guess it doesn't have to call a casino mobile our Wall Street.

Doesn't buy it either to put a super by the way it had -- that million dollars I didn't talk of a back up at night and then talk about their future so I'm really excited about.

Listening to the president -- that we -- bigger.

I was a little concerned because I walked up -- that.

Duty you know you and I we should.

What state -- -- has -- had to think about it the less that that happened to be with like high school.

Yeah.

But that's it up in the name of what I try to you guys at work today I got my yacht thing where oh really -- you know what that's I cardiac but the candidates of the art I.

You actually.

We have a lot of good friends and we do that there isn't there is a great degree I don't have I don't believe that -- -- -- update -- here's what I wanna ask you.

The president more or less saying all right it's time to even things up to make things more fair.

-- -- a that a face that many Republicans who might be surprised have not.

If he's not going to bring down the secretaries taxes presumably that means he wants to raise.

The -- students -- right so.

It is the cap gains rate that Warren Buffett invites it to Mitt Romney are doing and that's a 50% -- that's too low.

-- spell out tonight how much -- to go just to be even with her he's got to bring it up to at least 20% I don't know that should be.

Even that it should be increased so that we all bear well up next -- is going up to 20% well that's good and it when he -- you saying even more than that what.

It maybe it needs to be more than that because we should all share proportionately would you invest in something knowing that the cost and invested and it's going if I was gonna make a 25% profit -- -- what.

Well I mean they don't ever going in you don't know what you will but -- we know that this is a great country.

And have you invest in America.

The profitability I don't lend you know what I'm saying that the president what I hear from a lot of business -- -- they don't think that's right because all of a sudden.

The risk factor rises the more expensive.

You make it to go -- to.

But let's -- -- Over the last ten years that disparity.

Between those that happened goes to also you and the U poverty level that I -- and I -- -- -- you say the way to correct it is and it doesn't here's my worse than death look right to force that -- September 11 we're attacked.

We go to war right Afghanistan would go to war in Iraq.

Is expensive right to defend this nation when there's a TSA age it when their security.

What you know something big benefit so great leap from the infrastructure accession and I education -- its -- I talked a lot -- say you know I -- insecticide is it fine just merited and what.

What I'm trying to say is the filing -- great country.

And we should all share I understand even -- I don't get.

Say today that nearly 47% of America councils and take.

No income tax -- -- of his Social Security Medicare I just did a good many of them can't afford to pay any income taxes but close to head.

-- -- -- -- What would they do for -- I mean.

You have a very very very saying -- half the people in this country not got a minority candidate that I absolutely I'm not saying that what I am saying is that in the country as grade and is rich and as prosperous as ours.

I think that the rich should pay more.

No doubt they they have years are saying congressman units had about in the -- Tennessee -- -- -- -- fairly pay more.

You're not equivalent that but isn't it fair to say in the same breath then everyone should have skin in the game and they have to don't pay any income tax should at least pay something or at least a good many of that.

But they but they do pay something United's -- -- Connecticut there's so as you know what I -- and it.

In the city of Chicago -- they pay taxes on their real estate.

They paid 810 and a half percent don't know it's ten -- -- Richard Daley products I understand.

To reach this is what -- class warfare the way it's not now when you go to Tiffany they get this up and I don't really know that would you could get a roll you know I want you get you -- -- boxes etc.

I just -- but it.

Not I didn't jewelry that with the -- I won't tell you -- sap as we don't want to forget that the current credit but I'm trying to say is look.

There are great burdens on this nation -- we've had two wars.

They've been extremely of the Richardson bottom and I think they should -- should especially on time of war okay.

We'll leave it -- that.

Concentrated CNN for having -- -- -- -- -- it fights break out development of what happens to foreign countries -- Gutierrez.

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