Page 12 - Buffet Rule News Today

Artillery barrage. back to you. rick: le learned vitter, live to us from the region, thanks. jenna: back here at home, congress is slugging it out over the presidents buffet rule. coming up, what we can expect from todays vote and what it means to you. speaking of what things mean to you, you have less than 24 hours to finish filing your taxes! some of the worst segments you have to deal with. unpopular. youve got to deliver the news! thats a fact. tax day is tomorrow. were going to find out if ...

Have to be on their game. if theyre not on their game, theyll have a hard time because these are the kinds of things that are bad for the country but they play fairly well. >> and you just said fairly. thats what the president is pushing between now and the election is fairness. and yet, mr. trump, you know, about half the country doesnt pay federal income tax. is that fair? >> no, its not and in fact, its even more than that, as i understand it. and its not fair. a large, large percentage do no...

It, he would not be impacted given what we know right now. and also given the fact theyve been very, very vague about the specifics on the buffet rule. >> so chris wallace asked david axelrod yesterday, being the president giving less than fortunate people are giving. should he kick in more? david axelrod responds. >> i take it hes not going to contribute money to the treasury to help with the deficit. >> listen, thats not the way that we operate our tax system. we dont run bake sales. its not a...

Spending. >> a decade from now wed have a third less spending on medicaid and that will hit people with disabilities, hit people in nursing homes very hard. millions and millions of people will not be able to get services they need. in terms of -- yes, they say that they will offeree sets. we have not heard one offset. the president proposed closing of loopholes. weve not heard that from congressman ryan and the republicans. so you talk about hope, i guess your hope is they will be forthcoming s...

Fairness and that americans deserve to see how their lawmakers come down on such issues with the economic recovery in the balance. >> i remember when 4-$7 billion seemed like a lot of money. it is a lot of money. there is a -- when you reduce theo when you eliminate the bush tax cuts for the very wealthy, that adds another $800 billion. so this is a piece of a larger pot. >> the fact of the matter is, the very wealthy can hire the army of lawyers and accountants to help them circumvent this, hel...

Thank you for being on the show. >> thank you, you just voted on the buffet rule that would require a tax rate of 30% for people earning $1 million or more, which would be about 210,000 people. isnt this a good thing for our recovering economy? shouldnt the rich pay their fair share? >> its a good thing for a lot of reasons, its fair. when the middle class public pays pretty high taxes, are in a position where theyre seeing hedge fund managers pay 15%, some people billionaires paying at that 15%...

Appear to have sparked the fire. officials say nobody was ever in any danger. the details are coming in now. well update you as warranted. now to washington and the billionaire warren buffet can keep paying a lower tax rate than his secretary and lots of other americans. the u.s. senate just blocked the so-called buffet rule. a recent gallup poll showed 60% of americans support that rule. it would make sure millionaires pay a tax rate of at least 30%. but republicans call it a political gimmick....

Cancer. and diabetes. and all the other things. and that happens when we raises the best generation and we believe that it is important enough to do what have it takes to do it right. catherine and rosie thank you very much for your perspective. grit to have you both here. [applause]. >> president obama so-called buffet rule just trying to divide working class americans from the rich? ill ask peter ship about that ill ask peter ship about that when we come [applause]

Rule would have immediate impact on 210,000 individual taxpayers who earn over a million dollars a year in salary. by 2015, though, three years from now, that number would more than double, raising tax on more than 430,000 households. for more on todays senate vote on the buffet rule, john barrasso joins us, chairman of the senate republican policy committee. its if to see you, sir, thank you for your time. >> thanks for having me rick. rick: you know how this works. its all about messages and w...

Prosecute pose something called the buffet rule. i was with warren buffet couple days ago. you might have heard of this but warren buffet is paying a lower tax rate than his secretary. >> president obama so-called buffet rule is this. million naivr ought to pay the fair share in taxes. fair share according to the president is for anyone making over 1 million bucks to pay at least 30 percent. but is the president just training to divide working class americans from rich? ceo of pacific capitol pe...