Page 43 - Rate Increase News Today

Thank you, greg. boehner ripped into president obama, speaker boehner calling the white house fiscal plan a joke. senator ron johnson is on the budget committee. he joins us. good evening, sir. >> greta, how you doing? >> greta: very well, and calling the plan a joke, i guess he is not going to beat around the bush for us. >> unfortunately, greta, president obama pretty well holds all the cards in this negotiation. if he wants to have tax increases or tax rates go up, i dont see how republican...

Thank you, greg. boehner ripped into president obama, speaker boehner calling the white house fiscal plan a joke. senator ron johnson is on the budget committee. he joins us. good evening, sir. >> greta, how you doing? >> greta: very well, and calling the plan a joke, i guess he is not going to beat around the bush for us. >> unfortunately, greta, president obama pretty well holds all the cards in this negotiation. if he wants to have tax increases or tax rates go up, i dont see how republican...

Can get our country on a sound footing. >> i think the democrats have made it very clear, youve got to have a rate increase from the wealthiest americans. >> absolutely. >> but where does the debt ceiling come into this conversation? how does that come into play? >> ed, in my opinion, the debt ceiling should not come into this conversation. the debt ceiling is a phony photo, very frankly. and very frankly, from time to time, democrats have made it an item that they demagogued on and the republic...

And it depends upon what youre talking about. certainly, i think we need to make sure that the guarantee of social security and medicare is secure. and one litmus test i will have, ed, personally, is the ç vulnerable in america. those who are least able to participate in helping to get us out of this debt should not be asked to pay anything. very frankly, the most able among us ought to be asked to pay a great contribution so we can get our country on a sound footing. >> i think the democrats ...

Generalities. now, president obama is not interested in taking negotiations further until republicans put a rate increase on the table. and this is where boehner is running into trouble. do you think theyll eventually put a rate increase on the table? >> theyre either going to do that or take us into a very dangerous fiscal situation over the cliff. this is a loosy in the football situation and the president says, im not going to kick again until you show me some serious commitment. and keep in ...

Are they talking about. they wont come clean with the american people on this. its all in these vague generalities. now, president obama is not interested in taking negotiations further until republicans put a rate increase on the table. and this is where boehner is running into trouble. do you think theyll eventually put a rate increase on the table? >> theyre either going to do that or take us into a very dangerous fiscal situation over the cliff.; @&h(lc% this is a lucy in the football situa...

Negotiations further until republicans put a rate increase on the table. and this is where boehner is running into trouble. do you think theyll eventually put a rate increase on the table? >> theyre either going to do that or take us into a very dangerous fiscal situation over the cliff. this is a loosy in the football situation and the president says, im not going to kick again until you show me some serious commitment. and keep in mind, this is the republican leadership that supported the $718...

The upper one or 2 or 5% were paying more in taxes. just a little bit more. we had 21 million private sector job creation, net job creation. when george bush cut taxes on the wealthy in 2001 and 2003, weve had no real job growth and no wage growth during this past decade. were finally now after ten straight years of manufacturing job decline hitting places like toledo and cleveland and cincinnati particularly hard, were seeing now in the last two years after the auto rescue, after were doing som...

The president says would not raise enough cash. wendell is live with more on the white house. how much much revenue would the presidents plan raise by raising the tax rates for high earners? >> about $1 trillion the next 10 years from the rate increase. that is just part of a package that also includes limits on deductions and tax credits and aims to pull in a total of $1.6 trillion. republicans want to keep tax rates the same b end deductions and loopholes but obama says that will not get the j...

People making $200,000 or more. the president wants a rate increase coming in january on people making $200,000 or more and go into next years negotiations on reforming the tax code and hes looking at a single year time period to have three tax increases on the same group of folks, were saying thats dramatic on the economy, that will slow down development of our economy in a time were looking to increase more jobs, why would we do this? how does this stimulate the economy and how does it solve t...