Page 7 - Buffet Rule News Today

Versus worked for it i dont think -- that is not the point that i hear the president making president is making the point that you have a rich candidate who is proposing to go against legislation that would make, for example, you know, the buffet rule to make rich people pay more. >> bill: is he going to say is he trying to protect his own. thats legitimate. and romney is going to have to answer that. >> i think the bottom line is americans are smarter than. this americans dont really care. what...

Think -- that is not the point that i hear the president making president is making the point that you have a rich candidate who is proposing to go against legislation that would make, for example, you know, the buffet rule to make rich people pay more. >> bill: is he going to say is he trying to protect his own. thats legitimate. and romney is going to have to answer that. >> i think the bottom line is americans are smarter than. this americans dont really care. what they care about is $4 gas b...

It really stands out this week. in a span of a few days, republicans chose to protect the rich by voting down the buffet rule in the senate. now, they are attacking the most vulnerable. no surprise the republicans have chosen this man as their standard bearer. >> im in this race because i care about americans. im not concerned about the very poor. we have a safety net there. if it needs repair, ill fix it. >> romney tried to say he misspoke. his policies prove he was telling the truth. his econo...

Overwhelmingly in favor of the buffet rule and we know the buffet rule that would tax those people making money off capital gains at 15% and a 30% rate. even though its illogical and not going to touch the deficit and not doing anything for us economically, symbolically, the american people are buying into tchl -- it. the exact rate is 60% approve and 37% oppose it. >> the presidents message is working on a populous level and you have to ask the question whether or not people would feel differen...

Against that whole buffet rule, populist message. should mitt romney focus now on tax reform since president obama is going to continue down the path with this whole fairness approach and having millionaires pay more? >> first of all, gretchen, i think we got to ask the question on fairness. why is it fair if you have a disparity or if the allegation is a disparity in income tax rates, why is it fair to go raise taxes on people. why dont we just cut taxes on the middle class? thats what the smal...

Buffett he claims pays a lower rate in taxes than his secretary, ill call it the reagan rule, because he came out and said your dad pwurbd fo pushed for the exact same thing. >> you really want to hear me scream. you really want to hear me go -- [screaming] megyn: why are you doing that? >> i am so tired of barack obama lying about my father in trying to pass his piece of the legislation. he dresses newspaper a new set of clothes every week. he dressed up as warren buffett, went to the senate, t...

That was a guy scared to death his candidate will go down flailing around badly. >> i got the same impression as well. one of those polls that you are including is the abc "washington post" poll. that poll, they had 11% more democrats they sample than republicans. >> sure. >> which i think that is certainly outlier based on the demographics. all right, so the president strategy is he cant run on his record. so he is going to go out and attack. it seems like every time he immerses himself the war...

Businesses have a tax cut to create more jobs. and so i just think theres a clash of visions here. and something that will continue to play out this year as we try to get something done here in washington. >> but didnt president obama in the past, wasnt he in favor of some tax cuts to small businesses? >> well, i mean, theres been some indication from the white house that they want to help small businesses. but it seems that every time that they say that, there is always some string attached. th...

Buffet rule. they agreed the very rich should not get to pay a lower tax rate. republicans are trying to spin this as democrats want to raise your taxes. democrats are spinning in instead as fairness. democrats are saying the system for too long has been gamed to benefit the richest people in the country and thats not fair. that should stop. >> we can settle for an economy where a shrinking number of people do very, very well and everybody else is struggling to get by, or we can build an economy...

The tax breaks to the right people. they want to target the right people. >> it goes against the presidents narrative of taxing the rich. so its just the opposite message. even in the back of his mind he did agree with it. in the past, the president has done some tax breaks and things for small businesses. right now, he cant. he cant go along with this. it would disrupt that whole buffet rule. >> they talk about it will be a one-year tax break and according to one report it will cost the treasur...