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Earners are sensitive to and they will move their investments into municipal bonds. the tax on dividends when most stocks do pay dividends go from 15% up to 39.5%. they're more than doubling. that's an enormous increase. that's going to drive a lot of money into the bond market that's tax free, bonds issued by municipalities, school districts, power companies that are owned by the state, et cetera. so those bonds are going to be very, very popular, and that's going to reduce taxable receipts. my fear is that tax receipts do not go up, growth rates go down, small businesses are reluctant to hir...

The treasury secretary reaffirm that we have to cut the tax cuts and we'd have to allow the tax cuts for the wealthy to expire, which will raise their taxes, from 36 to 39.5%. but, i would think if the economy pokes along in this kind of fashion, any kind of a tax increase, is going to be a hard sell. so it will be interesting to see how it plays out between now and november. >> eric: you have the estate tax coming back and you have the capital gains and stock dividends and this sort of thing. we'll have to see how it shakes out. >> chris: and the point is, that one of the arguments, about $2 ...

>> number two i question seriously whether the loss of revenue that comes from letting these people keep tear tax cuts is going to have an impact on the budget deficits, which they argue about the debt. i mean if you're going to argue about the debt on the one hand, then say go ahead and take revenue away on the other it seems to be disingenuous. jon: isn't it true that the tax rates go back up when the tax cuts are allowed to expire. >> the bottom line is that small business is the bulk majority of impacted constituency in this country as it relates to the increase of these taxes from 35 to 3...

Are not telling you that under president obama, they will never tell you this, 13 million more americans were on food stamps. 8 million more americans were put in poverty. 95 million americans were out of the labor force. lowest labor participation rate since the 70s and lowest recovery sins '40s. lowest home ownership rate in 51 years. president obama accumulated more debt than every othert presidet before him combined. great job, president obama. now, they also don't want you to know that here is the facts. the rich that they hate so much, the top 1% of wage earners in america according to t...

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