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Dobbs on Taxes: Dear Mr. President, What is Fair?

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  • Description

    FBN's Lou Dobbs reacts to President Obama pushing the Buffett Rule.

  • Duration 4:36
  • Date

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This transcript is automatically generated

-- thanks so much.

Let's go to Lou Dobbs host of Lou Dobbs tonight now for his reaction to all this.

It's a rich broke down the numbers and -- the first question I was gonna ask you but he answered it was does this even really raise any revenue.

I'll hand you know it's a teeny tiny number -- I wonder in spite about does it still resonate with Americans -- I think you know just.

To speak for all America our in our role differ -- on that but well let me tell you it is and -- Just absurd nonsense.

47 billion dollars of the president thinks that it's time to start -- dominating deficits I would have I would salute that.

I think most Americans would I think most people would sacrifice a little more I know I'd be delighted to.

But this is silly that you would be delighted to -- -- even more I would be delighted to pay more tax circle -- protest if if we were serious about.

Bringing government under control.

Having an efficient government and are restoring prosperity and productivity to private sector.

This administration is doing the inverse of that happened at the same time there are engaging in pure.

-- -- porphyry.

About this program 47 billion dollars over ten years as the man calls for deficits in perpetuity.

There is no way in which United States under the under the architecture of his fiscal policy.

Could be other than a debtor nation forever.

And then he plays these kinds of class warfare games and going all the while.

That the top 10%.

Of earners in this country pay 73% of the taxes that is it disgusting -- I think.

I'll be -- Disingenuous.

On the out of the administration.

And the bottom 50% of course pay no federal tax is it your average person.

You know maybe you're not focused on heating rich people you're more preoccupied with things like the unemployment place you have -- -- -- -- -- the price of gas.

-- people don't hate rich people they want to be rich people it's always been the promise of this country.

Equal opportunity.

To do your best apply your talent for use your energy and this and you will.

Will have that that.

You know that opportunity to live the American dream millions upon millions of Americans.

And this president.

I mean what's he thinking he compares himself.

To Bill Gates and Warren Buffett because he's a multi millionaire I mean.

It is now where is his sense of reality here.

If we were trying to find some good in this somewhere and you have to bear with me here for so sure there anything you can do to create a job.

Sure ill oh sure really.

The more money you give the government the more jobs.

Are necessary in the government to deal with the money for example okay.

I mean we have a perfect example yesterday.

You know has the Internal Revenue Service needs another 300 million dollars and another 300 people.

Brought in just a deal with issuing the tax credits under obamacare.

This is the madness of what we are watching this administration carried out as quote -- public policy.

And his search for fairness when 10% of the American people American taxpayers the highest paying.

10%.

Are paying 7% of the taxes.

This president this administration hasn't had the guts -- or.

The forthrightness to say what percentage should what percentage of taxes should.

The top 10% pay -- 73% isn't fair plays mister president let us not.

We'd like to know what areas are mainly table this whole discussion instead of talking about what's fair between you and me in this and -- and just focus on trying to create a job and and grow the economy.

This president doesn't have time for that he's campaigning right now.

He doesn't have time to be straightforward the American people about.

Restoring prosperity.

It may be that this administration doesn't have an idea as to how to do -- that's eluded them for three and a half years.

This is a campaign stay tuned as -- said.

Lou Dobbs thank you so much I -- -- you have one of my favorite guys in the world on your show T.

Boone Pickens who said years ago.

That we should look at natural gas for transportation.

And at the time came.

It seemed like a stretch and I have covered energy for about a decade now and now you look at a price of natural gas as a result of all the -- that we've seen.

And if we had followed his plan you know five or six years ago we've been a lot better place.

He'd be working on his next set of billions of dollar -- he's one of the great guys a visionary great entrepreneur and also our great philanthropists.

Yeah -- two and spent some time within the seat seven in 10 PM eastern right here on Fox Business I can't wait.

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