Page 33 - Top Rate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

They actually, the strategy is, to go off the cliff. they have to. that's the only way they'll get back control and not -- since 1993, get back control of the tax debate. >> what happens then? >> on january 1st all the tax rates go up, every one of them. once they've all gone up, the democrats will introduce a bill to reduce all the rates except the top rate and then what you're voting for is a tax cut. if you tried to do exactly the same thing the week before, what you would be voting for is a tax increase on the top bracket and so at that point, grover norquist pledge becomes irrelevant and ...

To take exemptions he could, and two, how much he paid in taxes. our top rate was 19%. he paid 35%, 36%. we're talking 14% for romney. those rules about taxation changed the norm of how elites comport themselves. there's a connection between those two things. from that sense, mitt romney is remarkably representative not just of who mitt romney is as a person but as an entire class, frankly, that has loosed itself from the bounds of a norm of good conduct, of probe ate, of following the law in its intent and spirit. >> and their own behavior is rationally related to the health of a country. >> ...

>> governor romney proposes cutting all tax rates by 20%, the top rate would become 28%. it's revenue neutrally a broad base means tax deductions will be trimmed to pay for the plan along with spending cuts and romney won't propose anything unless it's deficit neutral. >> it would be upper number americans that see the most significant scaling back of benefits of tax preferences. >> the campaign argues it would boost economic growth, a notion president obama rejects. >> it's not what most americans regardless of party believe will grow the economy. >> romney advisors say those responsible for ...

Rates should be. people react negatively to high figures on marginal tax rates for high incomes because they don't know what high tax rates are and the idea of a 70 or 91% top rate would not be popular if you polled it. i think, also, the left undermines itself in this tax debate because the only, the argument as for higher taxes that you hear are exactly like the ones you're making about fairness. they don't talk about the actual need to finance government. you have barack obama out there insisting that 98% of americans shouldn't have to pay any more in taxes. if liberals can't make the argum...

Why we have such a sluggish recovery now understand the problem is on the demand side. it's not the supply side. it's not because of corporations don't have tax cuts and it's not because the wealthy don't have the tax cuts. it's because the middle class doesn't have the income they need to provide adequate demand for all the goods and services that the private sector is capable of producing. and understanding that makes the connection between growth and fairness. i think the president has done a good job. he could do even more, making that connection. you know, wall street and the top reaches ...