Buffet Rule News Today : Breaking News, Live Updates & Top Stories | Vimarsana

August 12, 2016 Hillary gave her speech on the economy yesterday, a pure socialist, hate the rich speech. The top 1% are paying 45.7% of the federal taxes while 45% pay nothing – they have no stake in the government. Clinton rails against the loopholes but there aren’t very many of those. Bill’s wife is trying to take credit for a successful auto industry among other things she had nothing to do with, claiming she will bring back manufacturing by punishing companies that leave to actually make a profit. She took credit for the success of one company in Warren, MI, and said “we are bui...

Reduce the seven tax brackets that currently exist down to just three. >> so far i got it. >> well, listen to this. those tax brackets would be the 12% bracket -- >> i like that one. >> the 25% bracket and the 33% bracket. he also says he will increase the standard deduction. now, for the wealthy, he has some added morsels in here. he will repeal the minimum tax and also -- >> clinton promises her tax plan will not raise taxes only, though, on households earning less than $250,000. that's the main difference. trump says i'm going to lower taxes for everybody. she says that's not the smart thin...

Growth and more jobs. everybody tries different ways to get that. i think you and where probably agree that a president has less influence over creating jobs than they say they do. these plans are different. they are true in so far as hillary clinton will raise taxes on the wealthy. those above $250,000, those earning more than $5 million will pay a surtax. the buffet rule would go into effect. on donald trump's side, people will play lower taxes and the top 1% in particular will pay substantially lower taxes. >> even though we have come out of the fascial crisis in the last eight years, it ha...

>> we've got a variety of proposals. not only the 4% surcharge which i call the fair share surcharge. the buffet rule which would have a minimum tax rate for people making more than $1 million, limiting deductions to 28% with a charitable exception. going after a lot of the subsidies that, for example, still subsidize the oil and gas industry about $6 billion a year while we have to move toward a clean renewable energy future. so i have put forth plans, paid family leave, tuition, debt-free tuition for public colleges. capping prescription drug costs and much more. it would cost about $100 bil...

It's family. >> thanks for that. let's get an early start on your money. asia finished mixed overnight. oil prices tumbling near $30 a barrel. hillary clinton wants to separate millionaires from their money. here is how it works. americans making $5 million a year, would pay 4% additional tax on the income. all other taxpayers unaffected. the clinton camp says it is expansion on the buffet rule named after warren buffet who blames the tax code for his rate lower than his secretary. one whispering running mate for hillary clinton. the housing secretary julian castro. he was on the late show...