Doesn T End Up Working Out News Today : Breaking News, Live Updates & Top Stories | Vimarsana

personal returns. joining us now live, congressman steve king, a republican from iowa and member of the tea party caucus. good morning. good morning. the president wants to keep lower taxes for 97% of americans, the treasuries department s office of tax analysis for the tax year 2007, under bush, 3% of all tax returns were for incomes over $250,000. explain the view that obama s proposal would hurt. walk me through it. i recall back when the bush tax brackets were first implemented, a decade ago. the argument was how do you give tax breaks to people not paying taxes that s a number approaching or exceeding 50%. the lowest bracket would receive a 50% tax increase if the bush tax brackets were allowed to expire. i think this is just another one of the class pieces the president has done, dividing people along whatever lines he can demographically to how is that class envy? i m sorry. you say this is a class envy play by the president. what do you mean? i ....

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