to make, a deficit to close. so what the vice president was saying is that the bush tax we want to continue middle class tax cuts. the republicans want to hold them hostage so we continue tax cuts for the wealthy. that is a fundamental difference. by the way with today s economic news we should continue to make progress. one thing we can do right away is pass a middle class tax cut so that, you know, 98% of the american people will have the confidence that their taxes won t go up next year. very important for consumer confidence. very important for our economy. and, you know, governor romney ought to tell his running mate paul ryan to call up the house republican leadership of what he is a member and get this done. so that we can give security and a guarantee to the middle class of this country and our economy that taxes aren t going to go up next year. do you believe the fundamentals of this campaign have changed from wednesday morning to today? i don t think so, chuck. obviousl
the costs and taxes in obama care. like the over regulation that is stifling small business. like the constant talk of new taxes on small business. i think he is saying we re going to stop that. we re going to stop the over regulation. we re going to stop the taxes. we re going to get this economy jump-started. we re going to open markets in trade in central and south america where we have real opportunities. but on the tax reform, i think it is important that he is pretty bold in his specifics in saying he is going to limit upper income people s ability to get all the deductions. but he is not going to do it on the middle class. i think he has been specific and i think that s just been kind of glossed over. let me fill in some blanks here. he has said he is going to get rid of the estate tax though and he has said that he is not going to raise the rate on nonincome from on income from dividend
use, obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do, in one regard. we want to let that trillion-dollar tax cut expire so the middle class doesn t have to bear the burden of all that money going to the super wealthy. that s not a tax raise. that s called fairness where i come from. mike, we love him. okay. i m just wondering, because i m not sure, it didn t work for mondale in 84 in san francisco, but should joe biden, our dear friend, be promising a trillion-dollar tax increase? well, you know, the sound bite is not going to work. yes, we will raise taxes. yes, we will. you wonder what people hear after he says that. a trillion-dollar tax hike. warren buffett will pay more in taxes. that sort of works but he never really got there.
always use. obama and biden want to raise taxes by $8 trillion. guess what? yes we do in one regard. we want to let that trillion dollar tax cut expire so the middle class doesn t have to bear the burden of all that money going to the super wealthy. he asked if he and president obama want a trillion dollar tax hike and his response to himself was, yes we do. that s a direct quote, friends. well, virginia, no we don t. so is that a fair way to say it that, you know, the president is campaigning on raising, getting rid of the tax cut, raising taxes, a trillion dollars on the wealthy and the romney campaign no? is that a fair way to draw the line? we ve been clear. we have tough choices to make in this country. you know, we ve got investments
million unemployed or under employed and he wants to jump-start the economy to get it going again. and i think i hope that s the focus. let me ask you about his tax plans. se pledging to cut taxes or not? what is your understanding? he pledging that if he s elected president he is going to cut taxes, the amount of taxes that come into the federal government? number one, i think he is saying he is not going to increase taxes. i think that s where he and the president differ. the president wants to increase taxes. mitt romney wants tax reform that does not increase tax on anyone but yet gives incentives to people to hire, like making sure that the middle class does not get hit with the taxes and the regulatory burdens. he wants small business to hire people and that s why he doesn t want to talk about raising taxes on anyone. but do you understand how he gets there? he is not going to cut taxes.