Page 21 - Loop Holes News Today

Close the loop holes, lower the rates, you would get broad agreement. unfortunately, that has never been part of the deal. >> youre right. thats what we need to do. >> but let me come back to exactly the point that you just made. if we could -- because the media plays a major role in this mess, ok? we went through a fiscal cliff. oh, my god, i was on your show that somebody from bloomberg said -- >> dont start bashing the media here. >> its not a question of bashing. its mutual responsibility. f...

Debt ceiling. his arguments is not sitting well with republicans. allowing country to put on more debt without tackling spending is down right dangerous. wend all joins us live from honolulu. >> what the president doesnt want is for republicans to demand spending cuts in exchange for raising the debt soleing. it appears that will happen. he said it must be raised to cover money that congress has already spent . hes defending increased tax revenue and spending cuts. to be a part of the debt ceili...

Goys and were placed closely to the president. provisions that apply to just one company? >> yeah, it is it full of weird loop holes and we have a more complex system system as a result . it hasnt somped our problem. that the government is spending much more than it can imagine taking n >> you can tax millionaires in a 90 percent rate and it would not get you what you need. we are demonizing wealth recreation. thats what the actor is doing it. he is fed up on success andital ept in france . thin...

Argument today. >> gretchen: does it matter? politicians say one thing one day and another the other day. that is unfortunate. >> brian: i dont think it -- >> gretchen: it was about the one percent and 99 percent and not about closing loop holes. >> steve: they say one thing last year and another thing. >> gretchen: hes keeping with the cam on -- campaign message. one percent and 99 percent and that is why he is going full steam ahead with raising tax rates. >> brian: you can say i dont believe ...

The republicans point of view. we dont have to raise rates on the top people. we can tighten things up and close the loop holes and deduction. actually that the president of the united statess point of view back last year . now he said it is all about tax rates. this is the president in a flash back. >> what we said give us 1.2 trillion in additional revenues which could be accomplished without hiking tax rates, but could simply be questioned by eliminating loop holes and deductions and engaging...

Plug. you may have heard a term floating around washington, tax reform. when politicians get specific, quote, base rodding and he rate reform. it is bieber and honey boo boo and gangham style all rolled into one. >> when ronald reagan ran for office he laid out the principles he was going to foster. he said would he lower tax rates. he said would he broaden the base. those are my principles. bring down rates. broaden the base. simplify the code. and create incentives for growth. >> were willing ...

Broaden the base. simplify the code. and create incentives for growth. >> were willing to accept some additional revenues via tax reform. simpler, cleaner, fairer tax code with fewer loop holes and rates for all. >> in simpson-bowles, democrats love it too. base rod and tax lowering platform. sounds so good, doesnt it? sounds better than charity destroying home shrinking state burdening tax reform. but that is what it actually is. the actual definition of base broadening tax reform that is emerg...

Grandkids are going to have to pay back. thats a crazy idea. and im amazed at secretary geithner had the courage to float that yesterday hence the laughter from senator mcconnell. i think thats the kind of response it deserved. megyn: the president want tax rates to be hiked on the rich. the republicans said we dont want that. well talk about eliminating deductions and loop holes but we dont want to raise rates. are you sensing any wafering on the gop side on that issue? >> i have not. we are no...

Boehner immediately saying he generally supportive of trying to close the loop holes. do you see that as raising taxes? >> what boehner said and in the republican position since republican we should reduce rates have economic growth many of which are put in by obama for the solyndra green-type energy programs. lets bring the rates down. boehner was clear he wanted increase revenues it is not a tax increase to put more americans at work. if our recovery was growing the rate reagans did more ameri...

Interviews, in what we all assumed would be friendly turf fox news where at the slightest bit of scrutiny on follow-up questions hes gotten very testy and evasive. you can think of early on back in august in an interview, how long it would take mitt romneys budget to be balance. he said i dont want to be all wonky on you, but i dont know. and chris wallace started grilling him, a promise it will be deficit neutral and very vague promise it will be paid for. so chris wallace said as loop holes an...