Page 6 - Fairness Argument News Today

Where he would go on a real specific policy level. >> sure. >> he has in some ways proven to be a praguetist and at the same time in this election season were seeing him adopt more fiery rhetoric, the fairness argument is very much part of his platform. i wonder what you make of that sort of split between the bill clinton sort of centrist democrats and the warren style, new school, old-style democrats. >> well, bill clinton is a southerner. he is used to the kind of preachy politics that go over...

Dont deserve, that they didnt earn, and the obama model is that some people arent getting things from the market that they do deserve and that they did earn. so part of the question that we will see is which one of those things resonates more. >> i dont know. as far as ive long thought the fairness argument is a fair one if you look at the broad trend lines of american society, the stagnating of the middle class wages from 1979 to the present, the weakening power of labor unions. to me, that rom...

>> zero percent doesnt sound like fair share. >> we also know that he has a history of being aggressive within the law of seeking tax shelters and tax breaks that are available to corporations and corporation people like mitt romney but are not available to the vast majority of americans. >> do you think people really want to tax success? do you think thats what theyre about? >> no, they just dont want millionaires getting away with not paying anything, and i think politically its a tough place ...

Cant get around by saying this is a distraction or just personal. the central issue in the campaign is -- >> zero percent doesnt sound like fair share. >> he has a history of being aggressive within the law of seeking tax shelters and tax breaks thash available to corporations and corporation people like mitt romney but are not available to the vast majority of americans. >> do you think people really want to tax success? >> no, they just dont want millionaires getting away with not paying anyth...

>> thats one of the central issues in this campaign, you cant get around by saying this is a distraction or just personal. the central issue in the campaign is -- >> zero percent doesnt sound like fair share. >> he has a history of being aggressive within the law of seeking tax shelters and tax breaks that are available to corporations and corporation people like mitt romney but are not available to the vast majority of americans. >> do you think people really want to tax success? dow jones that...

Right spot in the tax argument. and my bet here is that hes only going to get better as refining and simplifying that point. >> yeah, they keep pushing on what turned out to be an open door, lawrence. a few months ago, a lot of analysts, including this one, me, wondered if pushing the fairness argument on taxes was risky for president obama. but it turns out, in a time of a bleak economy, when everybodys looking for a fair shake, that this argument really works. and its not just that rich people...

Youre saying about, jack, whether the political system has the capacity to do this thing. >> it doesnt. >> it doesnt appear to. but i think thats a profound statement about the political system. forget all of these arguments. i mean, just as like a test of the capability of the legislative process to raise marginal rates, which we havent done since clinton. right, its been since, i guess, 93 that budget. >> marginal rate increase in the health care law. >> thats true. and capital gains tax incre...

They need to be on top of that. >> it undermines obama at the theme they heard them stress earlier. fairness argument by the rules. if you live by it, completely undermined the argument. he understands that. and what people end up with are hand-outs. >> bret: on this show we can promise we wont always look at the shiny thing, the political back and forth day day-to-day. we get in the policy weeds. and in virginia they were debating the merit of obamacare. check out peter doocys report on that on...

they bear the name of his predecessor. president obama is seizing the bush tax cutted and calling for them to be extend, but not for everyone. the president wants to let them expire for the wealthiest americans. that puts him at odds with congressional republicans, as well as his rival mitt romney and sets the stage for a very heated battle with less than four months to go before the election. our white house correspondent brianna keilar is covering this for us. first of all, why is th...

Saying is we have watched since 2008 these words mixed up all over the place, and i think its time that we have to have a bit more compassion. >> capitalism is getting a bad name because were not practicing it. when obama says we need to create a society where everybody has a chance to succeed -- >> he means that. >> but we dont have to create that. its already here. the government just has to get out of the way and let the free market function and stop interfering with all their regulations and...