Michael Far News Today

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Of the money they earn. heres the bottom line. it is not their money and it is not their risk. they get to pay 20% on the equivalent of their wages. last i checked everyone elses taxes are taxed at a normal income tax rate. joining us is michael. can you just explain the significance of this loophole? were talking real money, right? >> were talking real money, erin. were talking about a lot of money. i mean, this would basically double the tax that venture capitalists and private equity investor...

Inconsistency in tax policy, its not fair, its a loophole. i think its really encouraging though because you have the right wing, the republicans saying were going to do something about it, were going to close a tax loophole and well raise taxes on very rich people because we do have a significant deficit and were printing money and its time to act responsibly. >> michael far, we appreciate that. still to come, were watching arizona where the governor is expected to make a major announcement at ...

You said, look, this is an inconsistency in tax policy, its not fair, its a loophole. i think its really encouraging though because you have the right wing, the republicans saying were going to do something about it, were going to close a tax loophole and well raise taxes on very rich people because we do have a significant deficit and were printing money and its time to act responsibly. i applaud them. >> michael far, we appreciate that. still to come, were watching arizona where the governor i...