competing with china. 15% in canada. 18% in britain, european average around low 20s. we re taking our corporate rate from 35 down to 20. of course, many states have corporate rates so that takes it up to about 25 on average. this makes us competitive with the rest of the world. if we don t bring the corporate rate down, we ll continue to hemorrhage companies that get bought up by other companies. as burger king was bought by a canadian company. it s a very important competitive question, job creation issue. if you re asking for how we deal with the middle class, the most important thing we can do is create more people in the middle class who have jobs who for the last eight years didn t have jobs because our taxes were too high. the growth was at 2%, which is pathetic for american standards since world war ii. we need to have stronger economic growth, and the corporate rate bringing it down, not taking as much money is important. all right.
canadian company. it s a very important competitive question, job creation issue. if you re asking for how we deal with the middle clags, the most important thing we can do is create more people in the middle class who have jobs who for the last eight years didn t have jobs because our taxes were too high. the growth was at 2%, which is pathetic for american standards since world war ii. we need to have stronger economic growth, and the corporate rate bringing it down, not taking as much money is important. all right. so listen, not pointing even bum admitted that. but brefty because i have at lof questions to get to. the bracket for the richest americans stayed the same, 39.6%. a concession to critics who said that the rich don t need a tax cut but it also ends the estate tax, repeals the alternative minimum tax. is this still a plab for the rich? there s no question, don. you take the estate tax alone, this is a remarkable tax cut.
the path. from ohio to new york this morning and airlines are playing catch up after 900 flights were canceled. another severe storm watch in effect today. let s get the very latest from meteorologist rob marciano live in olympic park in atlanta. rough night for us up here. reporter: it was. not just for new york city, it was a massive storm system, christine. yesterday morning at this time we said the atmosphere was primed to explode and mother nature certainly took the cue yesterday afternoon. take a look at the radar from yesterday, i mean this damaging line of storms stretched from hartford all the way back through the ohio valley in through northern texas. 1700 miles of damaging storms over 300 wind reports that caused damage and one report of a tornado up there in elmira, new york, we don t expect to see that sort of action today but some folks will. leftover storms from last night across the delmarva and mid-atlantic and today that s where the main threat will be f
distraction from the march jobs report. that we learned about on friday. if the economy begins to tumble, we will hear a lot about fairness. it s true inside the polls, however, voters look more to the handling of the economy issue and the job creation issue than they do to the tax fairness issue. i think politically it could work if the economy continues to remain strong because of the profile of mitt romney, as this rich man who hasn t paid enough. it will probably work politically, but don t reporters have a job to do here? isn t it job of the media to put it in perspective? the buffett rule would raise less than 6% of the total cost of the stimulus. if you look at buffett rule it would raise the same amount in one year, $4 billion according to the joint taxation, joint committee on tax nation. $4 billion in one year. as the government accumulates in debt in a single day. this is meaningless. worthless. the president spent more time talking about this than
become a job creation issue and republicans have won the war rhetorically and feel they can t back out of it. that s why you have democrats about to strike a deal with republicans to extend all of the bush tax cuts and do it when it s obama s in the white house and you have robust democrat bodies in the house. how can republicans be winning the rhetorical debate on cutting taxes for people who make more than $250,000, claiming that is job creation mechanism? there is no evidence of that. there s no i just don t understand why the obama administration is accepting that as a lost battle when it s a battle they can win and should win. what rhetoric would you use from the democratic standpoint around job creation, were you to be an adviser to this particular administration? and what policy? there s no question we need a stimulus. we need a serious stimulus right now. that means spending. it doesn t mean tax cuts.