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Tax Reform Proposals to Include Tax Hikes?

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  • Description

    FBN’s Gerri Willis on the potential tax increases on the way and the lack of a budget.

  • Duration 2:04
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Right okay the last time I looked all Americans -- freedom of speech not just Occupy Wall Street protesters.

What's more there may well be a lot more complaining in the future.

Democrats say any budget they submit will have higher taxes associated with it.

That's right they're not done yet here's what New York senator Chuck Schumer said over the weekend and I quote.

It's going to be a great opportunity for us because in our budget that we will pass we will have tax reform which many of my Republican colleagues like.

But it's going to include revenues it's a great opportunity to get more revenues read higher taxes.

Now Republicans say they're not taking this lying down they've been fond of reminding Americans it's been four years four years since the senate has written a budget.

But today they upped the ante with these calculations.

Since Democrats last -- -- budget way back in 2009 remember that three Pentagon's could've been belt not that we have money to do it just the time.

And climbing -- could admitted to the top of Everest and back 292.

Times.

And finally we gonna build all 179 miles -- Keystone Pipeline in the time the senate has been sitting on its budget writing hands.

You get the picture we've been waiting they have been gobbling.

Bottom line though is this still could end up being the canary in the coal -- One -- yesterday told me and other highly paid athletes might move out of the country say to the Bahamas.

To avoid paying US taxes.

-- Democrats have their way and they raise taxes again talk about a divide between the wealthy and the pork there will be no well they -- all of moved out of the country.

You think I'm kidding.

Then -- you tell me where is former French president Nicholas Sarkozy.

You know the country where the socialist president plans to introduce a semi 5% tax rate on millionaires.

According to investigators Sarkozy has apparently left the country and taxes has something to do with it.

Coming up.

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