Page 18 - Plan Doesn T News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Standards a true blue conservative and senator patty murray, a democrat from washington state, started to work on a bipartisan bill that would look at things like insurance premiums. but when you cut 90% of funding before the beginning of open enrollment on november 1st and you tell people listen, i'm just going to let it fail, you are saying to the american people i'm not interested in taking care of you. >> melissa: don't it make more sense to move on to tax care? you talk about yet another group getting together and coming up another plan to deal with healthcare. everybody who comes up with...

Details. it calls for doubling the amount that isn't taxed for $12,000 for individuals and $24,000 for married couples. he would reduce the number of tax brackets to three, 12%, 25% and 35%. still no word on what income levels fall under each bracket. the plan would get rid of the estate tax, which critics call the death tax. some democrats say the plan doesn't do enough for the middle class. senate minority leader chuck schumer called it a sweeping tax cut for millions and billionaires. the president says plan does not benefit the wealthy. john roberts is live for us at the white house. john?...

Let's make it better for america. >> before we go, one thing we would love for you to help us reconcile, the president has said over and over this plan is not going to help him. this is not going to help him, believe me. but by our calculations, it 100% helps the president and his family. i don't begrudge him for it, but we do call it a lie. >> all i know is that -- >> i'm asking you, does this help the rich, and if so, why is our president lying about that? >> i can't speak for the president on what his finances are and whether or not it would help him. i know that it helps all americans and ...

Touche to bill clinton say to your point of view. give that touche a chance again, right? >> yeah. but this plan doesn't do that. that's the problem. i don't dislike rich people. i love rich people and -- >> neil: i don't think they're getting that vibe from you right now. >> look, if they're -- they made 85% of all income growth in the last seven or eight years, neil and you give them a tax cut? while the guy working with the lunch bucket in youngstown ohio has had stagnant -- >> neil: you acknowledge they pay the lions share -- >> of course they do. >> neil: but you don't hate them. >> i don...

Under bush. not a lot of evidence of that. now, that said, american taxes are high compared to the rest of the developed world. we look at 35% tax rate, much higher than most european countries, certain asian countries. the president is trying to get it down to really the real rate that most corporations pay is 19% with all the loop holes that we have. tan that's the big question here. okay, let's get it down lower. but can we close the loop holes and make sure that this plan doesn't raise the federal debt too much. >> you know, dana, a few times today the president said we have the votes to p...