Page 32 - 18 5 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Recovery, we've increased revenue to the federal government by $344 billion. if we just return to a normal economy, like we had in 2007, under president bush, where proven was 18.5% of our economy, that would raise another $400 billion per year. the president's proposal right now, the highest estimated is $75 billion, a tenth of that. economic growth is 10 finals more effective at raising revenue. the problem with punishing success, the problem with the president's proposal, it will put that economic growth at risk. you know, i think the best question really is, what is the president's plan? s...

What are you going to do? stand up and say i'm for rich people? >> eric: 2% of filers including a lot more of businesses, raise taxes on. most of, of, or good percentage of the jobs 4 million businesses. >> bob: that is not right. >> eric: mr. buffett wrote op-ned the "new york times." i'm almost laughing. he is so smart in investing but that was laughable. suggests going to 18.5% of gdp in the tax re-knews and 21% in spending. we're far, miles and miles away from that. it would be dramatic slash to the economy. >> andrea: don't you want to talk about going to clinton era tax rates. but they d...

What are you going to do? stand up and say i'm for rich people? >> eric: 2% of filers including a lot more of businesses, raise taxes on. most of, of, or good percentage of the jobs 4 million businesses. >> bob: that is not right. >> eric: mr. buffett wrote op-ned the "new york times." i'm almost laughing. he is so smart in investing but that was laughable. suggests going to 18.5% of gdp in the tax re-knews and 21% in spending. we're far, miles and miles away from that. it would be dramatic slash to the economy. >> andrea: don't you want to talk about going to clinton era tax rates. but they d...

19.2% average, arkansas 19.2%. they do have a democratic governor. texas, rick perry's state, 18.5%. joy, you know, you talk about governors who are legislating against their own constituents and this would seem to be that in action. >> absolutely. look who was not on that list, florida. florida was one of those states where it has a tea party governor who is beholden to whatever the tea party wants but he has blinked from this idea of walking away from such things as federal poverty programs because in florida, that was one of those states to amplify martin's point where after the bottom drop...

>> the argument is this recession is different than any we have seen before. in context, we will put up growth in the first 12 quarters after world war ii, talking about the reagan recovery in the mid-80's at 18.5 percent and obama's recovery is 6.7 percent. what do you make of the president's argument this recession is unlike anything we have seen before? ing it is a hard argument when you look at what happened in 1981 and 1982 when president reagan was elected. he inherit add great economic crisis. i graduated from college at that time with a college degree. you could barely get a job as a b...