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Immigrants and workers. i want that to be an opportunity for voters to say, yes, we will permit you and ask you to be controller which is a financially and fiscally important position. the difference between mitt's position and mine, the data that, and i hate to sort of put these numbers out there, i released my income for the past two years and the taxes i paid. >> right. >> and, again, you can understand why i'm hesitant to say this. last year my income was a bit over $4 million. i paid over $2 million in taxes. i paid 49%. >> so the issue here is -- unlike mitt romney -- not to cut you off ...

Co-chair of the progressive caucus. it's nice to see you. thanks for joining us again. >> thank you, alex. >> so you have issued a statement to the president on behalf of the cpc calling the social security changes in his budget, quote, unpopular, unwise, and unworkable. i have quoted you many a time i might add. what would be the impact of this budget in your opinion? >> well, i think the overall budget has certain strengths in it. early childhood education, infrastructure investment, but what he does to change cpi and medicare in his budget is not going to work and we cannot support it. and ...

>> juan: you said that he wants to cause pain. [ overtalk ] >> juan: of the bush tax cut. >> eric: last i check the tax rate went from 36 to 39.5%. >> eric: that is for you. >> kimberly: paycheck, juan. check yourself. >> andrea: rush said that obama wants us to feel pain. why does he want to us feel pain? he only wants us to feel pain to cover up his lies and his screwups. he was doing this, spending a lot of money to retain power. that is who i they spend a lot of money. very seductive. spend money an retain power. politicians are excellent at it. now because nothing came true he has to not ...

Would allow for the most revenue. what is that sweet spot? >> i don't know where it is exactly, obviously. but i know the laffer curve, the operation in the upper income groups is much more sensitive to tax rate hikes that the lower ranges. rich people have all sorts of options available to cut back on taxes. hire lawyers, accountants, deferred income specialists, congressmen, senators. so when you raise tax rates on the rich you almost always get less revenue and cause the economy to collapse. it makes no sense raising tax rates on the highest income offers. >> what will happen if the preside...

Formation. there's zero evidence, zero evidence that the 2003 cut in the dividend rate that reduced it from 39.5 6 down to 15 had any meaningful economic debate at all. there's no reason to think if we went back to 39.6 there would be no negative effect. if there's no positive effect, there cannot be a negative effect. during the post-war era, dividends were taxed as normal income and we did fine. >> the political economy of this. it's not just that people are saying what are the studies about this. people who have a lot of money and have a lot of money in dividends don't want the money taxed....