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By the way, we could have heavier tax brackets after $10 million and $20 million and $100 million. there's no reason to tax the 251,000 dollar less. if we want to get the budget back to a balance, we have to do that. a number of us introduced legislation to increase tax brackets so people making $1 billion makes 47%. ronald reagan was 77%. i don't know why we are satisfied with the 30's. if only symbolic, it is not symbolic, we have many billionaires in this country. to not have them, to not have the higher brackets on the ast nom cal incomes seems to be a statement to people with real

$250,000, fine, make $251,000, you will pay a tax on that $1,000. the first $250,000 will not be affected by this. if we begin to say this right, the way we are proposing it, i think the american people will be much more receptive to it. i talked to a lot of people who got the wrong understanding what that $250,000 exemption is all about. >> i completely agree with you. for sure. >> people from south carolina, they're just smarter than most people in america. you look at jim clyburn. >> get out of here! >> here's a good example. jim clyburn comes on, you have a lizard's thicket and have someth...

Cuts that don't extend beyond the first quarter million in income would be subject to tax manipulation. as if those below a quarter million is somehow immune to manipulation. as if anything was? and what about the house? and nancy pelosi wants to vote before election day, even if the senate does not. senator hoyer does not want the rest of the house to vote. house democratic whip and jim larson offered conflicting explanations. mr. clyburn suggesting some voters and possibly some members don't even understand the tax cuts. >> if you make $251,000 you get the same tax cut for the first $250,000...

Capital gains tax cuts and the top rate increases for the wealthiest for americans. democrats often compare warren buffe buffett, take his language in support of reducing some of these taxes and compare him to everyone else. someone making $251,000 a year is very different than warren buffe buffett. we have to be sensitive to that. two, provide for certainty around a regulatory structure, broadband and power grids are built out. big companies with big chunks of cash need to know. the president ought to adopt some of the recommendations from his deficit reduction commission. i heerd leader boeh...

Capital gains tax cuts and the top rate increases for the wealthiest for americans. democrats often compare warren buffe buffett, take his language in support of reducing some of these taxes and compare him to everyone else. someone making $251,000 a year is very different than warren buffe buffett. we have to be sensitive to that. two, provide for certainty around a regulatory structure, broadband and power grids are built out. big companies with big chunks of cash need to know. the president ought to adopt some of the recommendations from his deficit reduction commission. i heerd leader boeh...