Page 36 - Garyb News Today

Multi-million dollar mansions. >> its not fair that 40% dont pay, i understand these are low income people, its not there. everyone should pay something. >> well, everybody does pay something, tracy, whether it be state and local taxes, you cant just look at the federal tax system as the only way that people buy into the system. there are a variety of ways and our current tax systems at the federal level favors wealthy and high earners, unfairly. and its ridiculous that you have someones homes s...

Everyone on a level playing field? >> i agree that the tax code needs to be simplified. the answer is not a flat tax. the answer is, to really have people recognize that government is in the business of spending a lot of money, not through the budget where it should be, but through tax expenditures where its hidden and people need to get upset about that, and the issue is not that-- >> and the flat tax. >> were going to call it, and the tax system and your concept of equality, how does that come...

Demonize the oil and gas industry. get deductions if youre in the green area, but not the other area like auto manufacturing. what i dont understand is why is that the governments role? and they implement it through the tax code. they need to step back and say, look, if we need certain amount of revenues agreed to by congress, simplest way were going to do that charge everyone a flat rate. individuals or corporations and yeah, maybe a deduction here or there, but im ifavor o simplified and toby ...

Im jamie colby. keep it right here on the fox news channel. back to bulls and bears. >> tracy: so another week another health care law bombshell. first, a white house official blaming republican governors for delaying implementing the law and it turns out the health insurance exchanges are going to cost twice as much as initially thought and now the group who created obamacare will help tackle rising medical costs, huh? gary b, was the original law supposed to lower costs and take care of everyt...

Pay it back. free money and pay it back with more free money, would you do that? thats the thing, gary b. its like shoot now, ask questions later. >> why are we surprised when the government does something, whether its obamacare or this, theres unintended consequences. my gosh, you mean, they dont have the powers to look in the future and figure out what happened? toby got a right, the banks are acting rationally. what is irrandall, ttional and lousy ones gail and the others survive with growth....

The certainty that will help the economy again. >> look who pays the highest corporate tax rate, me as a small business owner, you know why? because i cant afford to fight politician toss my friends point. i cant afford to hire lobbyists and the big tent companies are in the high teens and small and medium sized companies cant buy off these in washington d.c., theyre stuck with the task. thats why we need an overhaul, the flat tax worked in russia because putin enforced the taxes after he implem...

Teachers. in corporate america, jonas, i dont think they take out pencils and-- >> i dont know what-- i bet you cant find it in a google headquarters. >> we should have is more like carpet america, and they dont do standard advertisiized testi google or amazon either, a ridiculous way it promote somebody and they also dont have unions to the companies and upside were going to heron from th-- learn from this. its not done in corporate america, whos taken a test in a company. >> and okay. john, yo...

Further. >> brenda: go ahead. >> we should be grateful were not raising the payroll tax to make up for the lost tens of billions to the treasuries fund and going back to the level it was a few years ago, were lucky in that sense, that system is the big e-hole theyve got and had enough. look, it helped retailers the lowest a lot and hurt them this year. this is not in a recession, weve lived through this payroll tax clip and for cycles going back for many, many years, to think that we need it low...

Company to warn the hikes are taking a deep toll, as nearly three quarters of americans say theyre cutting back to make ends meet. is the economy in danger or is this just a temporary blip? gary b, what do you say? >> well, you know, i think that everyone watching out there is concerned unless their last name is it maybe buffet or gates. this is not a temporary blip. we just saw the warning from wal-mart. weve seen concerns from burger king, from kraft. everyones trying to adjust to this smaller...

>> and never waste valuable tank space with the life boats -- and to garys point. the utilities like where theres no competitor in your area or a small like travelling circus, no brand at risk you need safety. when theres a large conglomerates like disney or mcdonalds, competitors and brand at risk, you dont need a whole lot of oversight from the government. theres so much to lose from these embarrassments. >> brenda: and thanks, guys, and thank you to caroline. earth dodging an asteroid, but no...