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Democratic strategist Chris Hahn discusses the president’s push to raise taxes and whether the Buffett Tax will help the economy.
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Yesterday President Obama was defending the Buffett tax saying his tax plan is just like Ronald Reagan's really.
President Obama is trying to raise taxes and here's what Ronald Reagan wanted to do and what he did watch this.
By lowering everyone's tax rates all the way up the income scale.
Each of -- will have a greater incentive to climb higher to excel.
To help America grow.
Joining the company now has democratic strategist and Fox News contributor Chris on alright Chris to avoid a shouting match but I'll take twenty seconds you take -- you know where that come on let's talk Reagan -- for us.
What you did was an outrage.
To assume that president Obama's plan.
Is anywhere in -- like Ronald Reagan's plan is outrageous.
You took a quote from Ronald Reagan.
Out of context you -- trying to make it look like Ronald Reagan would actually raise taxes he did the exact opposite.
Chris I don't think you realize what -- -- you have just fired up the conservative base go.
We -- in 1982 went -- -- -- yes the largest tax increase in the history of the United States.
After 1981 worry -- a large tax cut I will say and you realize the trickle down economics.
Did not work -- greater -- -- who was a pragmatist.
Did real cut taxes and cut then -- raise taxes -- -- and significantly.
To help the economy to stop deficits stansted preparedness.
Knows what you don't you for you so fired up a conservative base -- looked -- but wait now after next question the Buffett rule.
Yes now everybody knows the government itself says it will bring in a -- point seven billion dollars a year -- that will cover up out.
Three dailies was of interest this is not -- economic policy plan.
This is pure politics and a country will be a -- go.
I think next time something cost less than four point seven billion that conservatives wanna cut like let's say NPR or Planned Parenthood we should remind them that that's not a lot of money.
You're telling Americans right now that four point seven billion dollars is nothing that it's just -- we don't we shouldn't worry about it.
I think it matters in America and a back -- Reagan who would Reagan -- like Obama or Allen west who's calling his colleagues in congress Communist -- a -- it was more like -- -- just full point seven billion dollars a year make any difference.
Apple to the deficit you know it makes a very small dent in the deficit nobody says that this I don't know if it's a very small -- Asian -- -- exactly.
Right exactly what the fairness policy so you would I accept that fairness policy ultimately -- number one class warfare let's call it fairness like Reagan what do you accept his -- meaningless I don't particularly in the subject -- art set last one.
The Obama -- -- on the economy is terrible.
And it's getting -- us we sold bad unemployment numbers last week and even woods today in new jobless claims I put it to you the economy is now headed south.
And -- -- president is in trouble -- The only number that matters is the unemployment rate in October.
If it's in the sevens he wins if it's in the ninth if he loses anywhere in the medal at the fight closer to the sevens he wins closer to the ninth he probably lose its.
The -- behind scale if you will put that what's gonna happen if he's if there is the first number unemployment to seven he is reelected you know that I know this that would for the very much everybody all of that is actually saying that it's gonna be great for the president more people give up on the American dream -- drop out of the job more people are giving up on the American dream they're not dropping -- this is where -- -- unemployment forever people are retiring people are holding on the things they shouldn't be holding onto anymore.
We are gonna see this other -- -- getting all the -- -- -- economy is creating jobs you all know it.
Up up up up up this economy has lost jobs bottom billion and you know it and this president has president has created a three I have to -- -- had much million -- and you put private life -- come -- -- thing isn't registration.
