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incumbents in washington, a study by the nonpartisan pew research center finds by almost every measure, americans are growing more disenchanted with the federal government and its elected officials. just 22% of those polled said they can trust the federal government almost always or most of the time. among the lowest measures pew has found in half a century. only a quarter of americans have a favorable view of congress. and just 27% want to see most members reelected. about the same level as in the fall of 1994, just prior to the mid term elections that saw democrats lose control of ...

Liability, you're already in the state constitution and they have to face that and i think they're going to have to force state workers to start to accept benefits that are closer to what the private sector are. >> stuart, another thing the states have to do, raise the retirement agent. you've got situations in ohio where teachers making $100,000 a year can retire at 54 and they can retire and rehire and collect a paycheck at the same time they're collecting a $80,000 pension. this is bankrupting states. they have to cut pay and have reductions in force, because the only people who haven't had...

Ground zero, you're right. in los angeles and all over the country are really facing this crisis. you've got a situation right now where many of the public employees who are retired are collecting 70, 80, $90,000 a year checks and some are getting over $100,000 and it's not fair, stuart, for 50 to $60,000 a year construction workers or people working in the private sector who are earning much less who are having to pay these massive pensions for people who aren't even working any longer. >> stuart: by the way, dan, there are 3000 retired teachers in california, each of whom makes over $100,000...

Register and the next time you buy your new ipad, stuart, it means that rather than paying $700, it's going to cost nearly $800. these are big increases in costs to the middle class at a time they're having a tough time paying their bills already. >> here is the latest scenario, the deficit reduction commission recommends a sales action, a value-added tax, but it still has to go to a vote in the congress. dan, james, you don't think it would pass in the congress? no? >> no, i mean, you know, here we are like i said, still over 9% unemployment. i mean, where is the job creation? we're not seein...

If you think you're paying a lot now, wait until next year, taxes are going up just not for the rich. with a primer on the increases, tax dean, columnist and editor dan ettinger and assistant editor, james freeman and senior economics writer steve moore. steve, aim going to start with you. which taxes are going up january 1st and who pays them? >> well, hey, stuart i have to confess i'm a procrastinator, i haven't done my taxes yet. if you think it's worse this year, you're right, it's worse next year, the bush tax cuts expire and perhaps the dividend tax, doubling or tripling of the tax and h...