826 Billion News Today

They fail to stand up or condemn the threats to democracy. That was part of President Bidens speech yesterday in arizona focused on the threats to our democracy, the former president and the Maga Movement. Well have much more on his remarks including his most forceful and direct criticisms yet of donald trump. Speaking of the former president , his defense team made a Surprise Move in the Georgia Election interference case. Well explain that, and well have the latest from capitol hill on any las...

Cuts for people at the very top. >> i believe the wealthy in this country have a responsible to help solve that problem. >> reporter: so does president obama who intends to raise taxes for singles making more than $200,000, couples making more than $250,000, which will bring in $826 billion more over ten years. the critics warn tax increases can be counterproductive, especially those the president wants on investment income, because they can slow down economic growth. >> the only way the governm...

Lev knew the government take -- revenue the government takes, in it wont be enough to cover all the plans for federal spending. >> reporter: president obamas counting on doubling federal revenues in the next decade, so the search for cash is on with the first ever coming at the end of this year, when the president will have part of the bush tax cuts expire but reinstate others. >> given the serious longer term fiscal problems the country faces we just cant afford to continue the tax cuts for peo...

Take -- revenue the government takes, in it wont be enough to cover all the plans for federal spending. >> reporter: president obamas counting on doubling federal revenues in the next decade, so the search for cash is on with the first ever coming at the end of this year, when the president will have part of the bush tax cuts expire but reinstate others. >> given the serious longer term fiscal problems the country faces we just cant afford to continue the tax cuts for people at the top. >> i bel...

Making more than 200,000 couples making more than 250,000. analysts say that will bring in $826 billion in additional revenues over the next decade, jon. jon: but a lot of people on the other side say that raising taxes on the wealthy may be politically attractive but counterproductive? >> well, yeah, because the presidents plans would raise rates on investment income, as well as wages. the only way to really get more revenues is to expand the economy, and critics argue taxes on investment do ju...

Freeze discretionary nondefense spending for the next three years, so he is showing fiscal responsibility. the republicans who say that this has to be paid for, $33 billion, have no proposal to pay for the reenactment of the tax cuts for the rich that will cost almost precisely 25 times as much over ten years, $826 billion. so theres no economic principle involved, theres no policy principle, except repeatedly -- >> repeatedly they supported extension benefits. >> heres the problem, the presiden...