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That's $584 billion. he wants to raise rates on capital gains and def dends, $242 billion. other changes and exemptions and deductions, $165 billion and raise estate taxes. this all adds up to $1.6 trillion. if you want $1.6 trillion of revenue, that is very hard to get it without raising rates on the top 2%. that's the president's fundamental point. >> andy, what is the impact of raising $1.6 trillion in taxes and the spending cuts? the "wall street journal" suggesting the top business leaders are bracing for an economic downturn. >> the top business leaders have indicated they're willing to ...

Passengers and crew are being reaccommodated. and finally, endurance swimmer diana nyad is hoping the third time is a charm. hoping to become the first person to swim the strait between florida and cuba without a shark cage. previously had to quit after an asthma attack and dangerous jelly fish stings. she has already been sting by jelly fish at least four times. right now back to you. >> she is hardcore. peter thank you very much. the new school year is just around the corner and that means a last minute dash for folks out to get school supplies. according to the national retail federation sc...

The mandate tax which is going to hit a majority of people and make it less than $120,000 a year, and how about the medical devices taxes more than 2%, aimed at raising more than $20 billion dollars, you know who that hits smaller businesses with smaller margins and innovators in the country and don't tell me it isn't going to hurt innovation. >> i didn't say it was, why are you yelling? >> and mr. gasperino. >> i would say the biggest folly of health care is that for marginal savings, forget whether it's real or not. how much of the cbo's 80 billion dollars in savings we imploded, 16% of the ...

The law cheaper but will also ensure three million people less than before. wyoming senator john barrasso, chairman of the senate republican policy committee. also an orthopedic surgeon. doug holtz-eakin, former director of the nonpartisan congressional budget office and president of the american action gentlemen, good morning to you. senator, what do you think about this? 84 billion less over about 11 years. >> well, bill, it still shows there is over a trillion dollars of new taxes on the american people. it still shows it cuts $700 billion from our seniors, on medicare, and yet today the de...

If you use less of it. this congressional budget office scoring of the cost of obamacare, report came out late yesterday, it says, look, because of the supreme court decision that says obamacare is ok, it also said states can opt out so the cbo says well, some states will opt out. they will not offer obamacare. therefore, less obamacare will be offered. therefore, obamacare will cost $84 billion less but it will still, therefore, leave three million people uninsured. what you've got here is an absolute mess of 15% of the american economy, we don't know what's going on with it. >> part of the f...