Page 32 - Tax Changes News Today

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>> explain to me then. last night president obama here in new york city had a fundraiser $38,000 per person to go to the fundraiser. i happened to bump into two of the people yesterday afternoon who were going to attend last nights fundraiser. obviously very wealthy. im in favor of tax reform as i think every american ought to be. they were laughing at his proposal saying this is never going to become law. its a bumper sticker, not economic policy. >> well sure. thats a separate issue and you ca...

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Ed henry live on the lawn. what is the white house complaint from the left of its party. >> shep, what theyre saying is basically trust us. in the first round here, as mike lays out, it will be about a trillion dollars of spending cuts upfront. no tax changes. but in the second round when the special committee of congress comes up, the white house is insisting, look, theyll look at spending cuts and tax changes as well. listen to david ploucke, the second looking at tax reform. and this isnt abo...

Party. >> shep, what theyre saying is basically trust us. in the first round here, as mike lays out, it will be about a trillion dollars of spending cuts upfront. no tax changes. but in the second round when the special committee of congress comes up, the white house is insisting, look, theyll look at spending cuts and tax changes as well. listen to david ploucke, the second looking at tax reform. and this isnt about playing on a republican playing field. >> there are a lot of liberals in this t...

Profits. take capital gains rate to zero. make them permanent. for the inner city, empowerment zones. this was a concept that had been talked about years ago but never implemented. >> greta: jack kemp did that. >> exactly and he was right. if we do it the right way, i believe in addition to these tax changes that ive talked about which is going to put fuel in the economic engine. empowerment zones is how i propose we do something about these inner cities that have been devastated. >> greta: mr. ...

The united states of america is ranked number two when it comes to tax collection so if youre an oil dude this is a great place to do business. and the oil boys, well, they have never shared any of that record prosperity that theyre enjoying. thats why democrats want to repeal $21 billion in tax incentives for the big five oil companies over the next ten years. exxon mobil ceo rex tillerson calls that discrimination? >> all of us here today recognize the strain that high gasoline prices impose o...

In to governments. the united states of america is ranked number two when it comes to tax collection so if youre an oil dude this is a great place to do business. and the oil boys, well, they have never shared any of that record prosperity that theyre enjoying. thats why democrats want to repeal $21 billion in tax incentives for the big five oil companies over the next ten years. exxon mobil ceo rex tillerson calls that discrimination? >> all of us here today recognize the strain that high gasol...

$4 trillion is how many dollars in red ink he says he hopes to erase over the next dozen years. 2012 is of course an election year and winning over budget-minded independent voters could be decisive. today with the gop proposal already on the table, the presidents message clearly had independents and moderates in mind. >> we dont have to choose between a future of spiraling debt and one where we forfeit our investment in our people and our country. to meet our fiscal challenge, we will need to m...

This so that we dont have that crisis. that is leadership. you know, we could engage in endless discussions, let this roll over beyond the first of the year, but the result of it would be very devastating for people across this country. >> house democrats vow to continue their fight. their main sticking point is the estate tax proposal which would lower the rate to 35% over anything over $5 million. house democrats say thats too generous. they want a 45% tax on estates over $3.5 million. listen ...