Page 96 - Working Poor News Today

Our society to such a degree it will take much more to successfully fight back. my next guest exposes the seedy industry in his new book "broke usa," how the working poor became big business. gary rivlin joins me now. thanks for being on. >> hi, chris. >> this is a fantastic book. i want you to talk us through how this industry kind of went from the mom and pop pawnshop to a multibillion dollar business. >> you know you start off with old line businesses like pawnshops which is been around for c...

Con nast. al qaeda is launching a news magazine in english called "inspire," designed to move politically frustrated muslim youth in the west down a road of violent supremism. the magazine is filled with fun interesting things like a message from the head tore called how to save the earth and an article called make a bomb in the kitchen of your mom. its possible though not likely the magazine is a fabrication. a u.s. official said this morning it appears to be authentic. finally today is canad...

It is the working hungry thats having problems, people that have job, trying to take care of themselves. so smithville and i -- >> these are people weve heard of who have to go to -- sorry to interrupt you. these are the working poor, the working hungry, they have to go to food banks. >> rightings right. and thats very scary. its not the man on the street that comes up and knocks on your car window at a red light. its not that person at all, but families trying to help themselves and to better t...

Getting the protein out to the working poor. >> thank you. tell everybody i sent best dishes to them and theyre in our prayers. thank you. >> thank you, paula deen. great to see you. when we come back, im in mobile bay, if you look at a home, just south of mobile, alabama, on the west side of the bay. a few miles over there is pensacola, where ed henry is staking it out. the president is on his way and ed is going to tell us what he is doing.

Income can easily escape income taxes with standard deductions and tax credits like those for children or the working poor. while that makes the tax system more progressive thans ever been, some see a risk. >> democratically dangerous to have a country where a majority can vote for policies that just tax the minority and thats the situation were coming close to. >> as a matter of civic, folk thes ought to pay something or else they think government is free. >> liberal analysts note those who do ...

Really significant chunk of revenue, value-added tax is the only option. >> reporter: even former fed chairman paul volcker one of the presidents outside advisors recently said v.a.t. is not as toxic an idea as it used to be but neither the president or another public official embraced the idea. v.a.t. is a sales tax but collected in stages. take bread, for instance. >> when the farmer grows the wheat, sells it to the baker, the value-added tax on that. when the baker makes it into something, se...

>> even former fed chairman recently said a vat is not as toxic an idea, but neither the president nor any other official embraced the idea. a vat is a sales tax, but collected in stages. take bread, for instance. >> when the farmer grows the wheat, sells it to the baker, there is value added tax on that. when the baker makes it into something and sells it to a grocery store, there is value added tax. when the grocery store sells it to the store, there is a value added tax. >> it means the poor ...

Really significant chunk of revenue, value-added tax is the only option. >> reporter: even former fed chairman paul volcker one of the presidents outside advisors recently said v.a.t. is not as toxic an idea as it used to be but neither the president or another public official embraced the idea. v.a.t. is a sales tax but collected in stages. take bread, for instance. >> when the farmer grows the wheat, sells it to the baker, the value-added tax on that. when the baker makes it into something, se...

>> reporter: by all sorts of measures, wealthier taxpayers are shouldering more than the bottom percent. >> they earn 37% of the income but pay 60% of all the federal income taxes. the bottom 50% of earners earn about 12% of all the income but pay 3% of all the taxes. >> meeting the top 50% pay a record 97% of income taxes. wage earners below $50,000 in income can easily escape income taxes with standard deductions and tax credits like those for children or the working poor. while that makes the...

Letterman or colbert. they just make money, billions of dollars from us, billion dollar socialism. it rides atop the sweat of the worker bees. the working poor. didnt you read the paper this morning? i wonder if the people rise up some day and raise hell about this and really cause trouble for this deal or dont bother, it gets worse, more millions at the top and more crunched in the middle making it, and watch people who dont make anything at all except money. theres a bill in congress that may ...