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

First vice president's chief of staff mark shorts, he said that the president suggested that he stay there. but then the vice president's office later amended that saying that the decision was pence's. what do you make of this back and forth? >> well, i've been to doonbeg throw times and it's a really nice place, craig. i can understand why'd want to say there. the highway system in ireland is not as you would expect it is in the united states. so, you know, i think this controversial come and go and the vice president will stay there, i don't know what it costs. i mow it's a top-rate, extreme...

Here's why: i think you get a new recession, democrats running the government, i think they're going here. i think that's going to be something they want to do. >> some of the left-wing tax analysts i've realize have said 70% would probably kill the economy, but they would go for 50% -- paul: top rate now is 37. >> exactly right. and my view is, look, had a demonstration effect. do you want to live in the obama economy or do you want to live in the trump economy right now in seems to me the answer's pretty obvious. paul: still ahead, british prime minister theresa may surviving a no confidence...

Take a back seat to ocasio-cortez, that's not going to happen. these two are going to be battling back and forth for the headlines. the interesting part, they really can't get that much done, however, they're going to cause a lot of indigestion in the big banks without any question, right? because they do have subpoena power. so we can't dismiss-- >> very true. >> we can't dismiss the committee because they have the power to bring people in and grill them. >> i'm not dismissing the committee. i'm dismissing na ocasio-cortez has that power and with the-- >> and it might be a lark to get to that...

Was all about. i expect this to be the same for democrats. if democrats want to be serious about some of the ideas that have been bandied about on the campaign trail, like medicare for all, green new deal, they have to put pen to paper and write it into legislation. i think they're going to be in trouble when the american public sees that sticker shock about how much those plans will cost. that's a problem with the budget, you need to budget the money -- >> neil: well they're not doing a great job sticking to the budget. marjorie, i want to get you're action to something else he said that resp...

College tuition or universal pre-k. many republican opponents and even some democrats would have you believe that ocasio-cortez's plan calls for a 70% tax rate on all income generated by wealthy americans. that would be disingenuous. others would have you believe a 70% top tax bracket is unheard of, except the richest americans did pay top tax rates of 70% or even 90% on incomes over a certain amount as recently as the 1970s. the question should really be, how progressive do we want our tax system to be? joining me now is cnbc's editor at large john harwood. john, i would love your take on thi...