is going to wait until after the election, it is fought because they are playing it so good they don t want to spoil the secret. that is usually not what is going on. reporter: the only certainty is they will wait until at election to sort this out. reporter: and the president has not had a meeting in months beating up on the president in illinois saying the president has been in part for the dinner that mit my will speak, and he will do jokes there and taping an episode for tonight and speaker boehner saying he should be sitting down with congressional leaders. what we see from the president is a lack of leadership. no leadership on solving our deficit problems. no leadership when it comes to the fiscal cliff we will face with tax rates going up january
the table. what do you say? there is a difference to the economy today than there was back then, neil smed neil. tax rates were higher than when we came into office on january 20th, 1981. that s very true. what was the top rate back then? the top rate back then was 70%. that was the unearned income tax rate. now, the earned income tax rate was 50%. steiger hanson passed in 1978 which had the capital gains tax rate dropped from 42% to 28%. but that s where we were then. we did not have the deficit problems that they have today. we didn t have the spending problem they have today. today if you really think about it, neil, government spending is taxation. it really, really is. that s the total tax bill. we address the composition of taxes very much to get economic growth, but today you have to address the total volume of taxes which is government spending.
withdrawal that is the veneer for this whole problem that afghans don t believe our commitment is there. they don t believe we are there in the long term and that erodes and the taliban exploits the gap. they will dilute or get rid of that and opening up the opportunity for better partnership and hopefullyy less violence in afghanistan. allyson: what about budget cuts, how will that our veterans. look at the ryan plan, it doesn t cut veteran benefits at all . what ryan does he crystallized the power. you can t have military power if you don t have economic strength. we have to make tough decisions. ryan said debt is a national security crisis and until we address the deficit problems we may not have the kind of
on this year s summer games. and no men allowed. saudi arabia s ambitious new plan to separate the sexes, a first of its kind city exclusively for women by women and of women. newsroom begins right now. good morning and thanks for joining us, everyone, i m deborah feyerick in for carol ko costello. the wisconsin congressman hits the campaign trail on his n. he is set to visit the iowa state fair today. meanwhile, mitt romney will continue on his bus tour. the gop candidate is in florida making two campaign stops today, the first in st. augustine, romney s first event will soon get under way. interestingly enough romney is joined this morning by florida senator marco rubio, a man who is on the short list in the veep stakes. jim acosta is joining us now from st. augustine and, jim, what s going on there? reporter: well, this romney event is getting started a little later than the romney campaign expected. they got in very late last night. well after midnight. it s been
victims in the system. 60% of them say, our system is basically fair. how to grow the economy they didn t talk about fairness. they talked about opportunity. when the president of the united states or any politician equates spreading the wealth around with fairness that is fundamentally at odds with what most americans think. even democrats think it s progressive though still argue taxes on the wealthy have to go up. we 5/6 country that is aging. we have a deficit problems going forward. there is going in the coming years there will be pressure to bring the taxes off the bottom where they are now. few dispute that it s progressive or the wealthy pay what many see a fair share. one recent poll asked what the maximum tax rate should be. 75% of them said, 30% or below. current top rates are 35% and president wants to raise them to almost 40.