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Today's wealthy americans make more money through stock dividends than were before in history. >> right. >> our tax code has not caught up with that. you were alluding to that. if we don't deal with that, and i think deal with it in a much more assertive way, then we will continue to have a de facto loophole for the people who need it least. >> i think there is some credit due here because the republican party clearly is uncomfortable with this plan and he put it out there anyway. >> he did, but sadly it's just a proposal so everyone can rest assured of that. nothing will come of it. up next...

Isn't going to go forward as we're saying, i do think it matters. i do think it changes the conversation. i think it opens things up a little bit. now, my critique of this plan is actually on the corporate side because he does lower corporate income tax rates. there's this conservative orthodoxy that we pay, quote, unquote, our corporations pay the highest income taxes in the world. well, the reality is, what corporations are actually paying is nothing close to the highest rates. >> right. >> citizens for tax justice just did a study showing that over a five-year period of the 288 most profita...

This idea that we're going to have two tax brackets for 300 million people is an absurd oversimplification of the potential of the tax code. >> well, we still haven't seen all of the details of the bro pose s-- proposal, but to be far to dave camp, the analysis shows that the burden on various groups in society, various income levels would be roughly the same as it is now. and part of the way that he achieves that is through this 10% surcharge on higher incomes. he also, as you said, has some taxes on big banks and insurers in there. >> we're still not touching capital gains. >> he also has ad...

Minute after some emergency continuations of funding for highway projects they'll do some sort of short-term band aid type patch like they've generally speaking done for many, many years now. the money isn't there for what the president wants to get done and even his plan today relies on getting certain tax revenues from a plan that chuck schumer, the democratic senator from new york, says is dead on arrival, that being the dave camp tax reform. obviously the tax reform isn't going to happen in the way dave camp wants it to. there are so many cross-cutting interests here. something happened by...

Economic recovery and one of those is, as you know -- i forgot his name right now, dave camp. representative dave camp who put out his proposal this morning. in his proposal he highlights between 120, $125 billion will be put forth to supplement the highway trust fund. so 25% from 35%. we're going to get more on this a little bit later on in the show. you also have conservatives who say we don't have the money to afford this right now. how divided do you see republicans on this? >> very divided and i think it's one of the reasons that you have not seen the white house throw cold water on the d...