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FBN’s Stuart Varney sounds off on the president’s push for higher taxes on the country’s top earners.
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I'm going his way -- the left stance.
A tax increase is now the official policy and administration and senate Democrats and the money it brings in would be spent up sorry.
Invested.
In the public sector.
Here's my take on tax.
And spent same -- -- -- nothing changes the left the mode of government funded by ever rising taxes.
And Barack Obama may have found a great champion.
Tax and spend is the basis for his reelection campaign and this week senate Democrats showed they were indeed in lock step with him.
Forget the politics for a moment and consider economic reality you know the story.
The economy is slowing towards recession may -- Real unemployment tops 15%.
We are running deficits of a trillion a yeah.
And in that environment the left proposes to take even more money out of the private sector.
When dire straits and the left seriously proposes to punish success.
You see had to split between politics and sound policy.
The president wants to transform America to redistribute the wealth.
That is his policy.
Tax the rich is his way to win votes spread the wealth easiest way to reward his constituents all politics all the time all government all the time.
This is a financial program we have to make a judgment why is the impact on the economy full leftist policies my answer does that stuff.
Tax and spend is a recipe for economic -- yeah.
And when you tax and spend and -- high debt recession.
Real disaster stares you in the face this is going to be a very act.
Active and very important some -- -- and company will be -- to cover the economy the markets and yes politics.
-- I grain analysts and and -- in -- went to an earlier incident in god we trust in government we trust and scientists we trust you know do you have something feeling or an opinion based on your religion to back.
Don't know how high taxes create jobs dirty have high taxes are not creating jobs issue is.
You hear this is a new way -- -- -- a new way to think about something spending cutbacks or austerity why aren't higher taxes considered austerity to Obama.
New way -- -- thank you very much indeed the highlight -- -- that is next.
