Page 27 - Loop Holes News Today

Rich. you just indicated there are polls that say, dont cut medicare. dont cut medicaid. that is exactly what the republicans are doing. we now have the opportunity believe if were tough, if were strong, if were focused of putting these guys on the defensive and making everybody in america understand what their agenda is. >> senator coburn yesterday on record saying that he would go along with the tax increase if it was revenue neutral or the net effect of the taxes. look. youre either going to ...

You see paul ryan talking about reducing the rates but shutting down the loop can -- the tax loopholes. it seems to me that the president, the conservatives are going to come together and theyre going to start shutting down a lot of these tax loopholes even if they dont raise the top rates. wealthier americans and corporations, theyre going to be paying more taxes in the coming years, arent they? >> yeah, i think they are. as you know, theres some very popular loop holes in the individual income...

Outrageous loop holes. maybe the tax havens in the cayman islands and bermuda. on the other hand what we want to do is lower the corporate tax rates. so its revenue neutral. i think we want to do away with these loop holes, raise revenue, use it for deficit reduction, instead of slashing medicare and medicaid and social security. >> senator, great to have you with us tonight. im sure its going to change your career now that i said youre my favorite senator. you are. >> thank you very much. >> lo...

Dunk. >> you believe the republicans will sign on to that? >> i think in the end because the poll numbers that youre citing i think in the end there will be people signing on to that. >> well that would be a heavy lift for the democrats to convince the republicans that if they raise taxes that theyll still be able to create jobs. that would go against everything theyve been talking about. >> except look what happened after bill clinton raised taxes on the top 2% of americans. >> they have forgot...

2%. >> of course that is a slam dunk. >> you believe the republicans will sign on to that? >> i think in the end because the poll numbers that youre citing i think in the end there will be people signing on to that. >> well that would be a heavy lift for the democrats to convince the republicans that if they raise taxes that theyll still be able to create jobs. that would go against everything theyve been talking about. >> except look what happened after bill clinton raised taxes on the top 2% o...

Thought it was a great speech and glad to see him address paul ryan and call it for what it is. the president is accused of class ware fare. i think paul ryan is class warfare and taking money to benefit poor and elderly and give it to christial. >> he was going to close the loop holes it lower the tax rates for everyone and lowered it for maul business operators and all of those maul business operators who cant hide money off shore, now everybody is going to pay because you end the loop holes ....

Thought it was a great speech and glad to see him address paul ryan and call it for what it is. the president is accused of class ware fare. i think paul ryan is class warfare and taking money to benefit poor and elderly and give it to christial. >> he was going to close the loop holes it lower the tax rates for everyone and lowered it for maul business operators and all of those maul business operators who cant hide money off shore, now everybody is going to pay because you end the loop holes ....

For me i love today and i thought it was a great speech and glad to see him address paul ryan and call it for what it is. the president is accused of class ware fare. i think paul ryan is class warfare and taking money to benefit poor and elderly and give it to christial. >> he was going to close the loop holes it lower the tax rates for everyone and lowered it for maul business operators and all of those maul business operators who cant hide money off shore, now everybody is going to pay becaus...

Direct . for me i love today and i thought it was a great speech and glad to see him address paul ryan and call it for what it is. the president is accused of class ware fare. i think paul ryan is class warfare and taking money to benefit poor and elderly and give it to christial. >> he was going to close the loop holes it lower the tax rates for everyone and lowered it for maul business operators and all of those maul business operators who cant hide money off shore, now everybody is going to p...

Hit. >> it is a point. when federal income tax started it was supposed to go after the real millionaires and charged 3 or four percent of the income, too. >> it was a different world then. you have to broaden the base. dennis has a point paying taxes makes you a better. but we need a bipartisan effort that flattens the rates thats what simpson bowles is all about and what we did in 1986. 1986, we had already had the first round of reg -an tax cuts but we simplified the tax code and cut out loop ...