Middle Class Doesn T News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Let's go to the stock market. there are polls that show maybe some americans don't like that, but look at what it's doing to the stock market already, and most americans do own stock -- >> no, they don't. >> 45, about 45% of americans have 401(k)'s. >> a lot of americans have it and they think it's a good thing. this is a tax cut for all americans. some americans are rich and you are right, some americans will get a tax cut. there is a lot of working single mothers that will get a tax cut as well. there's average american hard-working people making $70,000, and they will get more than $2,000 a...

>> unfortunately, we are running out of time. i will just say we heard the treasury secretary saying the wealthy will not get a tax cut at all, and you agree that was not true, that proved not to be true, and they are getting a rate cut when you take away the estate tax, the wealthy are getting a tax cut, and in fact, most of the tax cuts go to them. >> there was a point -- by the way, i supported this and still do and it was not included in this, but i didn't want to give the tax cut to the upper bracket and i think mr. mansijoe manchi talking about that. >> why did you? why are you supportiv...

Now. >> the banks, goldman sachs put out a study that said basically, what, seven larges banks on average will reinvest in themselves and wages may not go up. how much of what people feel over the neck year will matter in the overall political calculation here, which is to say if the middle class doesn't feel a tax cut or if they do feel it, how much does that matter? >> i learned my lesson in politics, the perception of how people feel something is working matte matters way more than how it is working? with health care you are changing something that affects a lot of people daily. with tax cu...

Well connected. >> no tax cut for the upper class. >> that's not true. the rhetoric doesn't match the rhetoric and never will. >> the wealthy and well connected will do more than just fine, and the short form filers are going to double their deduction. a lot of people in the middle class are going to benefit from this. he told something partly true and largely untrue, and you put them together and people believe wh whatever they want. the wealthy who can take their winnings quietly and walk away, and they don't care the president may have lied about it. it's going to be tricky. chris was right...

Will say this, i want to get it by the end it was year but i would be very disappointed if it took that long. they will send the bill back to the house. people go and make 200 suggestions as opposed to maybe no suggestions, because it's a great bill. it's going to be a great bill. and we're adjusting. we're adjusting so that there's no way that the middle class doesn't greatly benefit. every once in a while there's a method under which, you know, it could be that some people in the middle class won't benefit as much as we want them to benefit, and we're making certain adjustments, but i think ...