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mitt romney said he does not espouse positions he s been running on all year. president tried to get him on that on the $5 trillion tax cut thing. i m not sure he effectively pinned him down on that though the obama campaign was spinning that they did. i think they made a mistake on that issue, the obama people did, by going with the $5 trillion. because that, you know, policy wonks can debate whether it amounts to $5 trillion or not. what they can t debate, it s a 20% tax reduction for the wealthiest americans. that is a plain irrefutable fact and if they used that, it would, first of all, explain more what this is, which is a tax cut for the wealthy which was one of several points the president wasn t able to actually convey in a clear way. and would also be, you know, be on dispute factually. and when a sorry, go ahead. no. when paul ryan spoke at the republican convention, the first reaction was, wow, young fresh guy, so handsome. ....
President s failures. neil: i notice this poll has closed over the last couple of weeks and a lot of the swing state polls have closed for mitt romney. it is not getting much press but he is still behind in most of them but he is were closer. what is going on? guest: people look at a state like colorado which has made its name on entrepreneurs through venture capital, small businesses, going out and doing great things in tech and renewable energy, this state has been hit hard by the economy. the president has made things worse. he has turned around and attacked small business. that does fought fly in colorado. neil: going back to congress , what do you think will happen on sequestration? the tax cut thing? everything everything is piling up on the runway at the same time. guest: the middle class will be the hardest hit, the tax ....
Have done the same in medicaid and the same with social security. i was in the senate, i was the guy out there leading the charge on social security reform for 15 years. entitlements can not continue as they are today. it will interrupt our future generation. do you fear that is overdoing it and this could be a rush to overdue the tax cut thing or we re done. guest: i believe the washington establishment is so determined to raise taxes that having candidates proposing tax cuts is healthy. some say we have to raise revenue but what republicans ought to say is ronald reagan raised revenue by cutting taxes for three straight years. neil: the money comes in but it is spent equally fast. how would you stop that? guest: we should be looking at eliminating the income tax, the i.r.s., and replacing it ....
With 2011 just around the corner, now is a good time to get your finances in check. after all, keeping your budget in the black should be your number one resolution. joining me now is gregory olson. he s a financial planner here in new york city. thank you, gregory, for coming in. thank you for having me. so, everyone was so excited about this tax cut thing being extended. that means our taxes won t go up. but for the average american family, it doesn t mean a whole lot of savings, although it does mean a little. because of the payroll tax. well, for a couple making $100,000 per year, the payroll tax being cut from 6.2% to 4.2% means an extra $2,000 take-home. that s not insignificant. over how much time? over that next year. the interesting thing about the payroll tax cut is it s only for 2011 as opposed to the tax cut extension, which was for 2011 and 2012. right, but you know, nobody will notice the tax cut extensions because we re already ....
Look, don t ask, don t tell. i think he wanted to get the tax cut thing out of the way so they could move to s.t.a.r.t. and move to don t ask, don t tell. i think it might work. if they pass s.t.a.r.t., it is a strong ending for a president who s had a tough year. coming up next, the army private behind the wikileaks fall-out. who is bradley manning and was he hiding secrets of his own. also, mika brzezinski comes in from a late night engagement in the south of france. we re very excited. stop. to have you back. you took the blue pill again, didn t you? i mixed. it s all right. i ll be fine. i know, mistake. ....