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Raise taxes, you don't get all the money you think you are going to bring in. >> brian: real quick, kevin mccarthy, one of the young guns, was on "metropolitan the press" and said, good news. revenues are up 10%. that's because we seem to be turning around economically. here is the bad news, spending is up 16%. why? he's trying to explain to a very reluctant david gregory, why should we consider raising tax when is clearly the revenue is up, but the spending is up higher? >> the president wants to raise tax rates on people making more than 250,000. he thinks that will bring in $82 billion in o...

The weekend as things start to change and it feels more seasonal. trace? >>trace: back to normal, good to see you. >> president obama is preparing to ask congress for additional emergency aid money for victims of super storm sandy. the final price tag is $50 billion. that is according to multiple sources in washington, dc but the states hardest hit asked for more, new york, new jersey and connecticut have asked for $82 billion in aid as lawmakers debate spending cuts linked to the upcoming fiscal cliff. the deadly storm destroyed or otherwise damaged hundreds of thousands of homes and business...

How much more do you want to squeeze out of the upper 2%? and he says probably, i want to go back to the rate clinton had 39.5 and i want to raise capital gains to 25%. do you, lou dobbs, give him that if there is something else that he has to give? >> i certainly would not give him that without conditions. >> bill: but you would think about it it? >> absolutely. that's what i'm saying. the dobbs plan says that reasonable, reasonable, what does that mean? that a little bit of tax hike on the wealthy, and wouldn't be a little bit. what is it estimated to be about something like a billion a year...

How much more do you want to squeeze out of the upper 2%? and he says probably, i want to go back to the rate clinton had 39.5 and i want to raise capital gains to 25%. do you, lou dobbs, give him that if there is something else that he has to give? >> i certainly would not give him that without conditions. >> bill: but you would think about it it? >> absolutely. that's what i'm saying. the dobbs plan says that reasonable, reasonable, what does that mean? that a little bit of tax hike on the wealthy, and wouldn't be a little bit. what is it estimated to be about something like a billion a year...

Proposed. senator reid never got him a vote on that budget in the senate. but is that a starting point? >> it isn't. it's an unserious proposal. remember when the president promised $2.50 worth of cuts for every new dollar in revenue? yet they are putting forth a budget that spends $1.5 trillion in deficit. an administration that added $5.3 trillion to the debt in the last four years. everybody complained about the bush administration adding $4 $4.trillion in 8 years. this 2% tax will bring in $50 billion to $82 billion a year with deficits at $1.3 to $1.5 trillion a year. it's not a serious p...