Page 46 - Top Rate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Latest updates on this topic from reliable sources.

Together, and come up with a practical solution. bring the money back so we can generate revenue, bring down the debt, and generate jobs in the country. that is what we need not stick a high corporate tax policy that no one policies. >>neil: i thought our top rate is 35 percent, our top federal rate is, but they are combining, here, federal and state rates in the average of those, with the federal rate and if you took those out we would have the highest and if you add them we have the highest. you are say that is inhibiting growth. >>guest: in question. as you pointed out you look to our neigh...

Division i followed that president around the country as he was doing that barn storming so this is not a right or left issue for me, this is a right or wrong issue for me. and the president is simply wrong to even imply that president obama was for hiking taxes on the rich so they could pay more. what ronald reagan was advocating was getting rid of all of the silly hoop holes and the credits and the special tax breaks that prevented so many from not paying anything taxes at all. ronald reagan said time and again, skin in the game, everyone, skin in the game. big difference. big deal. and form...

Deduction. they recognize some will want to add tax breaks back in. >> we say fine. how do you want to pay for it? whose taxes do you want to raise? >> reporter: the total cost is $1.1 trillion a year. $100 billion of savings would go to reduce the deficit. $1 trillion would cover reduced tax rates for everyone. individual rates would fall to 18, 14 and 23%. down from current top rate of 35%. they would also lower corporate taxes from 35 to 26%. on social security, they'd raise the retirement age to 68 by 2050. and 69 by 2075 among other things which drew immediate fire from one of the democra...

Get taxed. only 3% would be affected by that. do you quarrel with that figure? is that a right figure or a wrong figure? >> it may be 3%, but it's half of small business income, because, obviously, the top 3% have half of the gross income for those companies that we would term small businesses. >> so how do they decide which companies they would term "small businesses"? h&r block told politico it has $1.5 million small clients. but extending the tax cuts would benefit fewer than 1% of them. fewer than 750,000 people, one quarter of 1% of the country, would be affected by the top rate. so how s...