Money, '60 Minutes' and the candidates
Talking Points 9/24
- Duration 4:01
- Date Sep 25, 2012
Talking Points 9/24
Also in this playlist...
This transcript is automatically generated
Hi Bill O'Reilly thanks for watching us tonight money sixty minutes in the candidates that is -- subject of this evening's talking points memo.
On sixty minutes last night the president and governor Romney did not say anything new but it was with the wave they said what they said.
That was most interest and the president look a little jumpy especially when Steve cross started ticking off things that he promised to do but has not done.
Obama maintaining the desperate economy.
Changed all of this plan -- Meantime Mitt Romney looked a bit more authoritative.
Even when dodging the question.
I will not lower the share of taxes paid by high income individuals and I -- make sure.
That we bring down rates.
We limit deductions and exemptions so we keep the progressivity of the code and we encourage growth in jobs and the -- in the details storm what are we talking about the mortgage deduction the charitable deduction.
The -- in the -- Which is creating more jobs.
-- obvious Mitt Romney does not want to say what deductions and tax exemptions he would phase out.
That's because there are too hard missed hugs of unintended consequences.
For limiting mortgage deduction charitable donations things like that.
Governor simply doesn't want to deal with the fallout in the middle of his campaign.
But I believe Romney does want to simplify the tax -- keep the wealthy paying far more federal tax and anybody else.
Now on the subject of Romney's own money there is on unfairness going -- the Democrats say this.
Mitt Romney -- just fourteen point 1% in taxes last year.
He keeps millions in Bermuda and the Cayman Islands he won't release his tax returns before 2010.
Maybe instead of attacking others on taxes.
Romney should come clean on him.
-- Well governor asked him cleaning releases 2011 tax return last week he paid a bit more than 14% in federal taxes because.
Is earned from investments.
And that's the long term capital gains rate.
So what's the problem.
Pres Obama wants to raise the cap gains tax which might very well slow down investment in American companies.
I certainly wouldn't buy as many stocks because the risk reward become stacked.
Against the investor.
The stock markets all -- a casino.
With manipulation all over the place is no question that if the feds make investing.
Less profitable by raising the tax on gains there will be less investment.
And if there is less investment.
There will be fewer jobs.
All you're wearing me on this President Obama.
Now the media should know the difference between the income tax in the cap gains tax but they -- not to report it.
Instead they mislead folks and -- thinking that Romney's campaign -- fair share.
Why buffet actually started all the madness and that's what it is Mets once again if you make investing harder.
Few were people will and that's.
Finalists take a look at what all the candidates paid the -- -- 2011.
The first line up there that's what all the guys made a right gross income with Romney obviously far in the -- The second line.
Is what they all gave the chair.
Paging Joseph Biden.
One point 5% of your income not impressed.
Romney donated 30% of his income to charity -- Obama 22%.
The third and fourth lines up there -- what the candidates actually paint to the -- once again governor Romney far in the -- Now this is -- a pro Romney talking points this is day.
Talking -- Memo to the media you might want to try.