Page 25 - Tax Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It's the big lobbyists representing these corporations who write the tax laws that these companies take advantage of. that has got to change. the american people have got to say, enough is enough. >>enor gto he y ths nit. thkso chor sakgou. > nitnuruey asked, should the united states arm the you mentioned general electric, and i want to point out that general electric owns 49% of our parent company of nbc universal. and i do want to point out, and i think this cuts right to the law, none of these companies are breaking the law. it is the tax laws they're working from within. and the republican...

Average person is making $40,000 or $50,000 in income, is paying more in taxes than a giant corporation like general electric, or citigroup or exxon mobil. that is totally absurd. so we need to focus on eliminating all of these loopholes, to allow these very, very profitable corporations to not contribute to the treasury at all. >> what would it do if they weri have you run the numbers on this? on just what kind of an impact and how it would affect -- because right now what we're having in this country, in the last segment of the show on the federal level, that we're going through cuts we've n...

His hands. 23,000 jobs would up and leave because of the tax problem. he said i have to do well for my company and your state is not favorable to business he is saying and i cannot operate a company in good faith if the taxes are so high. all illinois has massive financial problems and i am from that state. individual income taxes have gone up by sick -- 60 percent and companies like g.e. ... they do not pay anything in federal taxes. unbelievable. >> so wisconsin from the beginning was courting illinois business and in new york they have a different way to solve problems. millionaires are ste...

You don't have to raise tax rates to do that, you have to grow the economy. this isn't a tax problem. this is a spending problem. that's the case. >> it's interesting when they roll out the budget. it's what they want to bring to the surface. this is what we're highlighting in this package as we see the wheelbarrow go out and the budget released. this was buried in there. you do not want at this point with our economy struggling the way it is, to lead with, we're increasing taxes on the rich. we just debated that for two years. >> if you dig deep, that's exactly what you're doing. this is supp...

The top 2% expire. wouldn't small businesses that file as individuals be really hurt by that result not guilty guilty -- resulting in lost jobs at a time when unemployment is very high? >> i appreciate that, gregg. i just think that we have such a tremendous deficit in this country and i think that both a spending problem and it's a tax problem, unfortunately. what we've been debating for the last few months in this country was whether to let the tax rate -- the tax cut expire for the very, very high income earners. it wasn't going from 35% to 70%. but it was just a few percentage points incre...