Page 34 - Buffet Rule News Today

>> senator durbin said i think its impossible why a man making $21 million a year pays less than a working family in illinois. if you apply the buffet rule to mitt romney, he would be paying more than 14 or 15% in taxes. >> is this buffet tax designed to come at you? >> its designed to come at me if im the nominee. if im not hell take the 99 versus 1 attack. hes trying to difficult america and say that republicans are all about the rich people. republicans are about middle class americans. im fi...

>> thank you. thank you for having me. jon: the president talked about energy independence in that speech last night but did not mention the keystone pipeline. well now house republican lawmakers are going on the offensive, they want to wage a new battle to bypass the administration and kickstart that pipeline project. details in a live report just ahead. plus, danger -- dangerous weather in the southwest. the very latest on tornado watches in parts of texas and louisiana. look at that map. it...

>> no, i think thats fair. and you know whats interesting, i think it was a clever political speech which hit all the right notes, boosting manufacturing, speaks to blue collar workers, immigration reform, comprehensive immigration reform speaks to hispanics, trying to deal with the dysfunction in washington obviously appealing to independents, and as you say, the big idea about trying to make the tax code fairer, trying to help the sidle class and make, as he said, the wealthy pay their fair sh...

>> tax reform should follow the buffet rule, if make more than a million dollars a year you should not pay less than 30% of taxes. my republican friend why subsidize millionaires. if you are earning a million dollars a year you shouldnt get special tax subsidies or deductions. on the other hand, if you make under $250,000 a year like 98% of american families, your taxes shouldnt go up. you are the ones that are struggling with rising costs. you are the ones who need relief. now, you, call this c...

Wouldnt look to these people as targets but unfortunately they do, so you have to balance the good work theyre trying to do in these countries with the risk that they take by going in harms way to help out people who need help. jon: the word of this raid was apparently -- well, the raid was still going on while the president was getting ready for or even making his state of the union speech. we heard him saying to leon panetta good job tonight, leon, as he was on his way into the speech. you had...

People, im at the florida university campus, where inside newt gingrich is giving a speech specifically dealing with the cuba issue, however, its a very important issue when you look across the state here, and gingrich so far has been the only candidate to swing by thai ocho, cafe versailles, trying to impress the cuban community and i spoke with him on camera, he said his goal if elected would be to create a cuban spring. >> i would use every tool the united states has short of military, i woul...

Thats not functioning, right, because both sides cant find common ground and theres such anger there. do you see that, or is this just the way the government typically functions when it comes to big issues like the economy? >> i think we go through phases and this is a phase now where were not showing leadership thats needed to bring people together. i mean, the president had some nice lines about that last night, but look at the reality. he really hasnt adopted some things which i think would w...

Our hope is they will change with past practice and join with us to do whats right for the country. >> talk about a fair share. mitt romney 13.9%. fair share? >> we talked for a long time about a rate like that is a less than the. >> but legal? >> absolutely. the issue is whether people are going to pay their fair share. we talked about a principle called the buffet raoul that millionaires should not pay lower tax rate than middle class. >> thats wrong. if they are working hard and scraping to g...

Secretaries are paying 35%. >> lets talk about the campaign for a second. >> all right. >> season the this the biggest golden goose the republicans have put on the table for the democrats to carve up. you have a posterboy in the name of mitt romney who is showing america what tax fairness is all about. >> on one hand -- >> how can you lose that issue? >> well, on the one hand we got the guy who wants to call the president the food stamp president. and on the other hand we got the guy who thinks ...

Pay our fair share of taxes. tax reform should follow the buffet rule. if you make more than a million dollars a year, you should not pay less than 30% in taxes. now, you can call this class warfare all you want. but asking a billionaire to pay at least as much as a secretary in taxes, most americans would call that common sense. >> and finally tonight we talk about shared sacrifice, that was president obama earlier this evening talking about income inequality. meanwhile, on the campaign trail -...