Cavuto: Washington is nibbling at our wallets
But not its own wallet
- Duration 2:31
- Date Nov 27, 2012
But not its own wallet
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-- finally it all revenue options are on the table why not old spending cut options when where's the table for them.
I'm going to be exploring this a lot more tonight I'm Mike Fox Business Network -- at 8 -- yet.
Opposite that Irish guy but relax he -- runs throughout the you can catch him anytime tonight tonight.
For this you've got to make the time because you won't believe what we've exclusively on covered on this tax stuff on but I like to go the financial fact.
Relax -- like -- that name but but.
Nike fuel an early -- ahead of my FBI and so right now it's very.
Washington is nibbling at our wallets but not there Wallace is balanced approach.
It's not -- balance to think about that look at all the creative ways they have come up -- to raise revenues.
But it's like they've got collective congressional writer's block when it comes to cutting spending even just I don't -- -- spending.
Talk of -- hike in the federal gas tax -- deductions for higher income earners and and that's beyond raising their overall tax rates going after the mortgage deduction again revisiting charitable deductions looking at closing tax loopholes.
-- -- things they can come up with when it comes to getting more money to Washington.
But not nearly the same fervor to control spending.
In Washington not when union members -- and on the capitol today and it's just entitlements be off the table and others -- -- Social Security be put off until next year -- and here's what I'm seeing in the waning weeks of this year.
Tax hikes now may -- may be spending cuts later -- increasingly though unlikely.
What is -- is now suited finding many more ways to feed the beast than ever -- the big -- until that all of this comes up next year when they really get into things like entitlement reform and tax reform.
But that's like me saying I'm gonna exercise and eat right some -- I just marked this day I'm just not here is the difference my friends.
I'm the one whose shirt buttons pop when I -- Where are the ones losing.
When -- And look what they're doing in Hollywood on -- trip out west.
It's this it's in -- thank you thank you'll very much but enough about making this about me.
Tomorrow it's about me and some big names in California you know that that state leads the nation.
In this push for higher taxes.
So so that's the episode and I'm going to -- episode.
I have no fear for you.