Page 16 - Spending Reduction News Today : Breaking News, Live Updates & Top Stories | Vimarsana

amazing images i have seen in the history of modern royalty. ♪ >> a choir on the deck in the pouring rain, one of the great choirs. >> one of the great orchestras singing "royal britannia." let's listen to this. ♪ [ horning horns honking ] you are watching live pictures of the culmination of a remarkable 90 minutes, the queen's diamond jubilee here in london t is pouring with rain it has been horrendously cold, but nothing has dampened the spirits of the occasion. it has really been something incredibly special and you see her majesty, the queen there a fitting image with a lar...

in fact, generally speaking they get back 4.8%. i'm going to put a few kernels into their pot because they are not paying taxes. let's look at another group. this bag represents people who earn between $30 and $100,000 a year. that's about 40% of households in the united states. this group represents a contribution of 18%. 18% of the total personal tax revenues come from here. i'm going to put about two handfuls of popcorn in the bowl to represent the taxes they pay. this bag represents people who earn between $100,000 and a million dollars a year. $100,000 to a million a year. that'...

the folks at the brookings tax policy center helped us put this together. these different groups of popcorn represent your income level. the bigger the bag, the bigger the income level of the group we're talking about. i want to use the popcorn to demonstrate how much of the total pie, how much of the total tax revenue is generated by each group. let's start over here with the little one. these are people who earn less than $30,000 a year. that, by the way, is about 44.8% of all households in the united states. they don't pay a lot in income tax. in fact, generally speaking they get ...

Taxes, $1.5 trillion for every dollar in spending reduction. not $2.50 in cuts and dollar in tax increases, he has got 1.20 for every dollar in cuts. then when you start looking at the cuts. >> greta: i have to stop you, just one second, karl. >> the plane carrying whitney houston's body has just arrived in new jersey, moments ago. plane touched down. the body was flown from los angeles where she was found dead. funeral plans are on the way. funeral services is expected to be held in new jersey, she was raised in east orange. stay tuned. now, we go back to karl rove. sorry to interrupt you. we...

Taxes, $1.5 trillion for every dollar in spending reduction. not $2.50 in cuts and dollar in tax increases, he has got 1.20 for every dollar in cuts. then when you start looking at the cuts. >> greta: i have to stop you, just one second, karl. >> the plane carrying whitney houston's body has just arrived in new jersey, moments ago. plane touched down. the body was flown from los angeles where she was found dead. funeral plans are on the way. funeral services is expected to be held in new jersey, she was raised in east orange. stay tuned. now, we go back to karl rove. sorry to interrupt you. we...