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FBN’s Neil Cavuto on the decline in the government’s tax revenue because of higher unemployment.
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Comes a CBO report showing Americans are actually paying less as a percentage of their income in taxes than they have in thirty years and we're supposed to count our lucky stars.
Are you serious are too seriously suggesting.
That we're getting off too lightly with taxes in this country that Uncle Sam isn't getting woods do it because a lot of folks must be dodging and then I think you're an idiot and the mainstream media lying on to this -- -- to justify higher taxes will there idiots of the highest order.
Let me explain its tax receipts are down.
Because the number of folks out of jobs.
It's that it would -- You more workers paying in less tax revenue coming in this is not rocket science money in money out.
You would think with less money coming in Washington would then moved to -- less money.
Going out you would be wrong because -- tax receipts did -- spending did not.
-- these guys does double down like it was a Denny's Grand Slam breakfast -- Still -- up don't look back well.
Time to look at something guys not that dark crevice from which I assume -- most splendid spending ideas evolve.
But the very same CBO report whose other fascinating nuggets you conveniently chose to ignore.
Like the little nugget in this report about the top 1%.
You want to pay up.
Their total tax rate went up.
The only group to pay a higher rated taxes aren't close to the 30% minimum the president demands they should paying taxes.
-- that a -- and I data kick that nowhere it did -- see this little test not mentioned by anyone.
Nodding about the rich paying more just the -- everyone -- last which is coal line more or less if reporters showed half as much zeal.
Covering all the money going out as they do all the money coming in May be we'd get this mess figured out.
We shouldn't be grateful.
That thanks to a recession and countless lost jobs our tax rate has fallen we should be asking why that hell are spending has not.
Perhaps that story is simply too -- But again folks this is -- a classic example of the way news is reported.
This isn't a red or blue rinsed from its green -- say that a million decides to I'm blue in the face -- -- -- -- or something in the face.
This is -- a simple story tucked in the same report I read the report the report proves.
Tax receipts are down and a percentage is down.
Because time -- They just inserted over the top of the report.
Tax receipts are down because time suck because they had more discretion and I just.
But don't let the media sell you -- story that is and we listened to us.
