september, i should say but a survey of a dozen economists and experts shows that the poverty rate could have jumped for as high as 15.7 percent last year, a rise to 15.2 percent. this does not make sense to me but what makes sense, gerri is with us from fox business. the gap between those who have a lot and those who don t have a damn thing, is bigger than it has ever been in the history of this nation. gerri: the highest rate ever for poverty rate, 50 years since 1959, that is what you seeing. and you may say, well we have had a terrible economy and unemployment is high. shepard: it does not make sense. gerri: there is more than just running out of unemployment. automation. some jobs going away all together. so it could go on for another two years. shepard: as part of this real wealth, real income has not increased for the american male since the mid-1970 s.
Detailed text transcripts for TV channel - FOXNEWS - 20120518:10:11:00
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reduce the amount of money going into the treasury, would you do it nonetheless? and his answer was yes but for the sake of fairness. he said that to me. he said he raised it to 20. what reich is talking about is the top marginal tax rate that barack obama wants to raise back to the clinton levels by nearly 40%. but rice says flat out, no equivocation, when americans, wealthy americans are paying 70%, that the economy was booming and rolling along and didn t have any negativity. what he s doing is a bit of a sleight of hand. the fact that we had a booming economy from world war ii until the mid 1970 s was in spite of the ridiculously high income tax rates which were retarding growth. it was the fact that japan was assuming
what he wants to do were to reduce the amount of money going into the treasury, would you do it nonetheless? and his answer was yes but for the sake of fairness. he said that to me. he said he raised it to 20. what reich is talking about is the top marginal tax rate that barack obama wants to raise back to the clinton levels by nearly 40%. but rice says flat out, no equivocation, when americans, wealthy americans are paying 70%, that the economy was booming and rolling along and didn t have any negativity. what he s doing is a bit of a sleight of hand. the fact that we had a booming economy from world war ii until the mid 1970 s was in spite of the ridiculously high income tax rates which were retarding growth. it was the fact that japan was assuming