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The War on Success

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  • Description

    FBN’s Stuart Varney sounds off on the government’s impact on the middle class.

  • Duration 1:29
  • Date

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Transcript

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Try to get right -- -- his might take -- homeless the stealth war on the success.

The administration has come up with a series of tax proposals.

That have not made headlines they extend tax increases right into middle America.

And for that reason they have been delivered by itself.

While the president bashes the unpopular super rich in high profile speeches he eats away at the middle class behind the scenes.

There are proposals on the table.

Want to reduce the tax breaks for IRAs and 401 case to.

To reduce the tax breaks on second homes three.

Reduce the tax breaks on generous health -- plans pensions homes health -- all of the big things that you strive for law.

Would be taxed more heavily.

Why so the president can transfer -- -- wealth from back half of the population the pace federal income taxes to back half but does not.

You have much motherhood much of this before have you -- out the reporting of these tax increases tends to get bogged down in the weeds the rise just delays in Aruba.

Is far easier and fumble politically effective for the president go half a million as -- billion as the Buffett rule tax the rich.

But look below the surface dig a little deeper.

The president wants to reach down to America's very sent up the great middle class it is a stealth attack.

But it is real.

It's a sell off that's real and there's a good explanation for it -- traction.

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