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The inflation-adjusted income thresholds for the seven tax brackets jumped by more than 7% from 2022.

That's not what this is. >> when it happened with reagan, taxes were a salient issue in the country. fewer and fewer people pay the income tax. 75% of americans pay more in payroll taxes than they do in the income tax. the brackets are much lower than they were when reagan did this. inflation is much lower so we don't have bracket creep flowing people higher and higher into brackets. chairman brady's a wonderful intelligent legislator but it is preposterous to say this nibbling around at the edges of the sledge is a serious reform of our 70,000 page tax code. just it's not happening. >> can re...

We're going to put that compromise on the ballot in 2014. >> talk about the next six months and perhaps what your party ends up doing is at cross purposes with what you guys want to do. you got into hot water is some republicans when you were critical of the idea of republicans signing on to the president's compromise on social security and cpi. said, hey, we'll run against obama on that. so here was something your party was going to negotiate with then and you were like, no, this is a political thick and it came across. >> a bit of a policy thing. >> i ask you, no, i understand it, but -- >> ...

Has proposed, in favor of tomorrow, says his opening salvo with his budget is to give republicans something on entitlement reform so maybe they'll come to the table on revenues, two ways that i don't take him seriously. his budget brings up to 20% in terms of gdp in revenues which we have never reached in the modern area save for once in 2000. he's saying with all the tax increases and new rev knees he'll bring us up to 20% of gdp in revenues, not realistic. secondly, when he says he wants to offer entitlement reform, knowing that's the debate he wants to bring republicans in with, that is cha...