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When we did that, when we had a 39.5% top tax rate, why was business booming? >> what's driving entrepreneurship are technological and management things making it easier to start a company and therefore, making entrepreneurship available to people who never would have been able to try it before. i go so far to say entrepreneurship is now a career you can pursue. that's very exciting. that means a lot more people pursuing entrepreneurship. there are more startups operating today than at any time in history. although the overall economy is grim and there are certainly employment challenges, in t...

This is an interesting one. when we first saw this one we thought that can't be right because under the obama plan, he has always, of course, wanted to allow the bush tax cuts to expire on the wealthiest americans. and that would restore the highest bracket to, i think, about 39.5%. so first when we saw this we thought it was wrong. but when you look at the things that ryan is including in there, economists told us that that was fair. he is including the payroll taxes on top of that and some additional taxes that would go on top. so overall, we gave that one a mostly true. >> all right, bill. ...

Is the president is going to put tax increases on the table with his budget. i think it's long overdue. >> i agree. >> i don't think the bush tax cuts should have been extended. they haven't created any jobs. >> the basic problem right now is that the republicans keep saying, their mantra is the country is broke. we have to cut services. we have to cut medicare and eliminate medicare programs. we have to cut medicaid. cut everything. we don't hear anybody saying and the president has not been saying what he should have been saying which is the country is not broke. we're simply not taxing big ...

Country is broke. we have to cut services. we have to cut medicare and eliminate medicare programs. we have to cut medicaid. cut everything. we don't hear anybody saying and the president has not been saying what he should have been saying which is the country is not broke. we're simply not taxing big corporations enough. ge paid no taxes on $14 billion in profits. we're not taxing millionaires and billionaires enough. the total revenue going to the government as a percentage of the gdp is lower than any time since 1930. >> mr. sachs, if we do reinstate the bush tax -- or wipe them out and go ...

Look at this video. they have been sandbagging for days and days and days. they let the kids out of school because the kids need to put sand in the bags. no kidding. this is a big deal as the red river rises. it's for fargo, grand forks, and all of the other places. now, just kind of thinking ahead, let's hope they don't need federal funds if the government is shut down to help them save their city. here's the red river map at this point in time. it's not going to make it all the way to the flood stage. that's that dark line right there. still, a big rise all the way up to 39.5 feet, well abov...