Page 41 - Top Rate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Going to hit the lowest paid people. and that's the national insurance tax i was referring to earlier. we can't stop all of the other taxes, the top rate of tax, the extra tax on the pension. labor put up something like 168 times. -- 178 times. but we will stop the one tax that will hit the lowest paid the hardest. let me just say this about tax credits, they will stay under a conservative government and gordon brown has to stop misleading families in the country like he has been misleading all the people and cancer patients as well. >> you will have a chance to answer that in a moment. nick c...

By how much would congress have to raise taxes if you wanted to reduce the deficit by what, is it, 3% of the gdp? >> right, 2%. if they wanted to do that by 2015, which is the goal for the president's bipartisan fiscal commission, the tax policy center figures that if you wanted to raise income taxes across the board, you would have to jack them up by about 30%. so that means the lower rate -- the lowest rate goes from 10% to 14%, and the top rate goes from 35% today to 48%. that's the mildest version. >> wow. >> most people don't want to raise taxes on the lowest income folks, so maybe they w...

The system. the bailout money, the fiscal stimulus, if we have a double dip now, that's -- that would be unprecedented. >> neil: and game over. >> bad. >> charles, thank you. >> the guest here to say sorry, charlie, all of this higher tax talk already built into the market and scott martin says the market doesn't appear to mind. scott says it's going higher from here. scott, good to have glue thanks for having me. >> i would buy part of what you're saying, that the market is prepared for the 39.6% top rate. might not happen but that's what they're prepared president obama. i don't think they'r...

That is the best thing i can say. another tremendous mistake he targeted insurance companies and told them that's where the money is going. their total profit amount to just a little over a day of healthcare spending. if you wipe out every bit of their profit and put them out of business, you would save one day. >> neil: that's how big the numbers are. congressman, thank you. good to see you. thank you for taking the time. you are hearing a lot as the congressman pointed out the cost of all of this. one number that stuck out in my mind i followed on, 44.3%. 44.3%. what if i told you, what they...

Very happy if something benefitted them right from the get-go so i always like to tell my friends following the corporate world, these guys aren't red or blue, they're green. and a lot of people, the ceo of caterpillar saying this will inhibit growth to 200 million dollars. a lot of medium and small businesses saying it's not a good view here. because tucked in this legislation is this nearly 4% additional hike in taxes on so-called unearned income for the 200, 250,000 and over crowd and since a lot of that business crowd, they personally feel it's a lot of small businesses, to pay at that top...