Page 110 - Affluent News Today

Now congress has wasted no time. a princeton political scientist did a break through study in which he compared u.s. senators voting records to the opinions of their constituent. and lo and behold, here is what he found. he found that quote in almost every instance, senators are considerably for responsive to opinions of affluent constituent than the opinions of middle class while the con stit yunt in the bottom third of the income distribution have no apparent statistical affect on the senators...

Could speak with any republican who voted for the bill and were told not one of them was available. congressman jeffreys, i will begin with you and ask you. you were in the minority of people. only 41 people voted against the bill. why did you vote against the bill? >> sequestration is a random policy bad for the economy and we need to do away with it completely. what occurred today is an example of choosing a limited affluent group of americans to rescue from sequestration, while leaving the mo...

>> i know spend so much that i cannot afford to pay more in taxes. john: so they say so of the harm and other rich people more? lets ask our laugher who moved to tennessee just to avoid paying the california income tax? >> yes. it is phenomenal mostly income tax, no capital gains tax, and note its state tax it is phenomenal in tennessee and it is a great state. john: your affluent is just the estate tax how much money do you rich people need? >> i need a lot. idle mind paying more to be honest b...

>> i know spend so much that i cannot afford to pay more in taxes. john: so they say so of the harm and other rich people more? lets ask our laugher who moved to tennessee just to avoid paying the california income tax? >> yes. it is phenomenal mostly income tax, no capital gains tax, and note its state tax it is phenomenal in tennessee and it is a great state. john: your affluent is just the estate tax how much money do you rich people need? >> i need a lot. idle mind paying more to be honest b...

In 2014. wow. cbo also predicted a deficit of $616 billion next year. president obamas budget would make it 744 billion. means 128 billion-dollar difference doing the math. as for spending cuts. the president says he will cut 1.2 trillion over the next 10 years. by adjusting medicare and social security payments. also, the president wants to raise close to 600 billion in new taxes, again, focusing on the affluent. joining us now from washington to analyze. republican kate obenshain kirsten power...

Of itself is proof positive that this is not working. you see, businesses holding trillions of dollars on the sidelines because of these steady increasing taxes on the affluent, supposedly but we see the middle class now getting hit as well. again. you know, obama said that if we -- if the republicans agreed to those $600 billion in tax increases, that he would focus on spending cuts. there are no spending cuts in this budget. >> bill: no, there are some spending cuts in the budget. we just got ...

Of itself is proof positive that this is not working. you see, businesses holding trillions of dollars on the sidelines because of these steady increasing taxes on the affluent, supposedly but we see the middle class now getting hit as well. again. you know, obama said that if we -- if the republicans agreed to those $600 billion in tax increases, that he would focus on spending cuts. there are no spending cuts in this budget. >> bill: no, there are some spending cuts in the budget. we just got ...

Education spending in in country. 875%, math and reading test scores flat over this period. >> paul: whats the lesson in this? is it worth trying to invest in some of the programs, maybe for lower income kids or try some experiments? >> no, i think the evidence shows that the west programs are the ones that are targeted at the kids with the most need. and theyre not universal, but that they apply to the most disadvantaged in society. the problem is, with head start, since 1965 weve been followin...

Education spending in in country. 875%, math and reading test scores flat over this period. >> paul: whats the lesson in this? is it worth trying to invest in some of the programs, maybe for lower income kids or try some experiments? >> no, i think the evidence shows that the west programs are the ones that are targeted at the kids with the most need. and theyre not universal, but that they apply to the most disadvantaged in society. the problem is, with head start, since 1965 weve been followin...

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