Page 2 - Transfer Payment News Today

Country who are earning enough money and theyre hurting, so you have to have, you know, them have what i would call income sufficiency and one of the ways of having that transfer is to have people working as opposed to just a transfer payment and to have those people working make a lot more money and thats a good thing for the country. >> so a lot of people look at business and say, look, everyone is trying to be successful. some people manage to be successful. they get lucky and then they think...

The senates is larger than the house but not as large as rubio wants. he wants it to be refundable. that means that it goes to people who -- a tax credit that goes to people who dont any tax. its a transfer payment, a welfare payment, if you will, of support for a poor family that doesnt pay any income taxes. and thats what all of these issues are tied up with. if you move the dial on one of them, it affects the amount of money that is available for doing other things. its a very complicated. yo...

Laffer says this wont solve anything. why not? >> well, this is typical of president obama. but its a subsidy, a transfer payment, a raises taxes and will slow economic growth. what you really want to do is not lower the numerator, ie the amount of debt. what you want to raise is the amount of income. to reduce the debt burden by creating jobs and higher wages, that is what we all want. and thats what obama is not willing to do. this problem has gotten so huge because the drop in employment is s...

>> in the makers versus takers argument, its become a political -- a political -- point. listen to this, ron. >> government keeps growing and growing and growing, and when it grows, that means there are more people in the wagon and less people pulling the wagon. >> you have an eminent economist here on my right saying its nuts to pull back some of the stuff. you have politicians on the right saying, this is makers and takers. we need more people pulling the wagon, not in the wagon. >> yeah. i th...

It is corrupt because youve got a lot of people who are not reporting off the books income but still getting a check. >>gretchen: youre not being mean to poor people? >> i am being mean to poor people. frankly i am because this is a direct transfer payment from this group of people who pay taxes to this group of people who never paid a dime in their lives but they get a check from the government. >>gretchen: that is not their fault. >>steve: you may call it corrupt but thats the deal. if its so ...

Loaning the students at isr -- is $8 billion that go to obama-care. he wants half of all small business income in america. his principle tax cut is taking money from people who pay taxes and giving it to people who do not pay tax. virtually all of his so-called tax cuts involve inessence transfer payment for the 50% of people who pay taxes to the nearly 50% who dont. megyn: they struggle against his image that the republicans only like rich people. >> i thought convention helped. you have people...