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Obama Looks to Get $1.5T From Wealthy in New Budget

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    FNC’s Andrea Tantaros breaks down the latest budget from President Obama.

  • Duration 3:45
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-- -- Well President Obama wants to tax the rich we know that's.

But now we know exactly how much -- one point five trillion dollars worth of extra taxes over the next ten years -- on the wealthy people that would include.

Everybody making more than 250000.

Dollars in idea.

Joining us now Andrew time terrorists come post although the five on the Fox News Channel I'm very welcome back.

Great to be lithium I've seen the with the wolf the journalist put out what he sees as an outline of the budget which the president will formally present next week.

It's basically tax the rich that.

Don't rein in Medicare or Medicaid and don't touch social -- -- cut them.

-- more -- -- people who know he's cutting Medicare is cutting Medicaid is cutting reimbursements to nursing homes but can't hold a second thought let's -- this yes.

You say he's cutting Medicare cutting Medicare cut over ten years and he would take 248.

Billion dollars out of Medicare and by -- premiums and deductibles.

It takes 72 billion out of Medicaid -- -- -- payments to two drug companies hospitals and nursing homes right.

That this amount to a whole -- -- of a ten year.

Most of the -- it doesn't -- Republican I'm saying I'm gonna make this a big campaign issue but Stuart.

They haven't I think Republicans been able to really go after the president.

On the things that he's already done like cutting half a trillion dollars for Medicare in obamacare so I look at this budget I think there are areas where Republicans can hit back.

Hard on it because as you pointed out this is a political document volumes this in light -- day it'll be honest she delighted -- he's proposed how many budgets in his first you two years he didn't even give us.

A budget.

It doesn't have the votes to pass he's just gonna run around the country and start screaming that he -- -- what he wants to do but that there's no political reality.

I think it's a campaign reelection document yet more than a budget because it's not gonna pass congress -- I don't play this thing's gonna pass congress.

Is it designed is -- set -- really isn't it it is I wanna tax the rich a new -- Republicans you don't want tax the rich.

Vote for me because I'll fix -- it's his.

Only line of attack I -- that's it now we saw when he tried to get his jobs bill passed a couple months ago.

That was tax the rich and the votes weren't there at the time they're not gonna be there now for a budget so it's really it's it's it's upsetting that this president mean he has certain responsibilities I don't know if you read his job description.

Well after he got the job but really he needs to pass a workable budget that can be.

Implement it.

I gotta be -- he -- attacks to return and he doesn't understand what he's hitting.

I mean this notion that he wants more tax cuts to -- manufacturing.

He did that last year he pulled inventories into last year there's going to be no inventory build this year he just he just screwed earnings reports going forward for the next two quarters.

He's not getting what he's doing to this economy he's he's not allowing it to move on on and so it's essentially that's great.

When Tracy it's essentially like of the budget the last budget that he did they just scratched off the year -- just put a new year on -- the senate back up to congress but you're right if it didn't work then.

Why would it work now.

I'd bring the case of fiscal automotive -- -- you have seen is more Green energy 193 million dollars or -- -- Oklahoma.

It's yes you know -- I love my solar power bars.

There's also another thing about video these are -- I agree 100000 dollar up Kama it's got a solar roof -- -- -- -- -- That's what fiscal automotive was making in -- finally.

They wanted to build a small -- -- that this thing -- the -- In Wilmington Delaware okay while they just.

Jobs overseas that they sent the jobs overseas and have a job that they had -- they shut them down.

Are we into it from a 109 in the -- on that you would drive very James Bond debt and at a idea if we gotta go I'm sorry but thanks for joining us.

Now we gotta go to the capital didn't hold -- the senate budget.

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