cleared that up, we know what is in the bill and it s not good news for the middle class. according to estimate by the congressional budget office, 6 million people have to pay a penalty adding up to $8 billion a year. set the stage here and tell you why one of the reasons the congressional budget office got it so wrong initially. they were under the assumption based on what president obama white house said that unemployment would be at 4.9%. now they estimate because of the fiscal cliff, because they have to estimate it won t get fixed it would be 8.7% by then. so the most, in the most volatile election, the most enduring unpopular piece of legislation is destined to get more unpopular. not only will 6 million americans instead of 4 million have to pay the tax, they won t have health insurance either. eric: i m glad we are calling at it tax. that is what the supreme court called it, a tax. here is what is going on. beside the fact that more people will be unemployed than they expect
1800 people denounced citizenship. bob: i can t say anything about rich because i have a conflict of interest. greg: what did you sleep with her? bob: that is a very greg: i want to raise a point to you. bob: i can t believe you said that. greg: it s what happens between the breaks. about the guy from facebook. we talked about him and you called him a traitor. bob: i did. this is being a traitor. absolutely. i can t be with her anyway so it doesn t matter. andrea: that is what it is about? bob: no. i think anyone who denounces the citizenship to dodge taxes eric: there is an exit tax. if you want to do it bob: does romney pay taxes on the swiss bank account? dana: he pays the same as debbie waserman schultz pays on her. greg: vanity fair spent 4,000 words to figure out what he did and realized he didn t break laws. bob: he won t tell anybody. he is having a fundraiser in
1800 people denounced citizenship. bob: i can t say anything about rich because i have a conflict of interest. greg: what did you sleep with her? bob: that is a very greg: i want to raise a point to you. bob: i can t believe you said that. greg: it s what happens between the breaks. about the guy from facebook. we talked about him and you called him a traitor. bob: i did. this is being a traitor. absolutely. i can t be with her anyway so it doesn t matter. andrea: that is what it is about? bob: no. i think anyone who denounces the citizenship to dodge taxes eric: there is an exit tax. if you want to do it bob: does romney pay taxes on the swiss bank account? dana: he pays the same as debbie waserman schultz pays on her. greg: vanity fair spent 4,000 words to figure out what he did and realized he didn t break laws. bob: he won t tell anybody. he is having a fundraiser in
smaller. trace has the details on this live from the west coast. do we know how much money she stands to save and the united states taxpayers stand to lose? trace: somewhere between $30 million and $50ment because, remember, she now is a citizen of austria and unlike the united states, austria does not require you to pay taxes on your world-wide income so that will save her a bundle. and she owns $65 million penthouse in new york, up for sale, a mansion in colorado and $174 yacht and gets tens of millions in investment income. congress pass add law that imposes an exit tax but the experts say if she just restructures her assets into foreign contracts, she could leave the united states paying very little money to the government. shepard: trace, thank you live from los angeles this afternoon. i do want to ask you a question: i mentioned in the report that i gave at the top of this segment
what if it wasn t planned. they planned to do this. if they planned to do that, it makes it even worse. they don t plan to make an unforced error. now we re when we get done with the show we ll watch wimbledon. we talk about is it tax, is it a penalty to romney personally and romney s inability to express his character and to show a center. you haven t. we have. the conversation is still happening. no, no, no. american people are going to see romney is not sure who he is as a man and now we have doubts about his character. nobody has doubts about his character. he has impeccable character. everybody has doubts about his character. he has convictions. romney has no carrick tell. romney s trying to date a gal who s a supermodel.