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Well I plan -- Evelyn RD airborne combat is an -- lining up to get their dividends.
-- Fearing that massive tax rates are about to -- -- today worry for them.
And it's -- resulting in his -- it's an even bigger words of the US economy was -- -- went.
Did it adds a little bit do you get any serious thought to companies who issue that good bonus team for only -- many many more companies have done so we're just gonna run through the logos of some of the more popular names but I suspect many more than three years that because that they -- the dividend.
Tax rate will go from 50% conceivably could close to -- yes -- so make sense what does it lead to the economy next year.
Well I mean next year we're going to have companies that Tom have to pay dividends they're gonna have to pay them to individuals will be taxed at a higher rate so this doesn't solve any permanent.
This is a one time.
You know a little gift to a shareholder at the end of the year pay a little less now supposed to pay more later but when he gets next year -- in economists in a higher tax environment.
Companies are gonna grow less well in that environment so whatever cash they have in they have available to -- for dividends all these tests -- -- -- -- negative -- redundant we had much higher our dividend tax rates in the Reagan administration.
For a good chunk of the Clinton administration.
And we did fine.
Tom it was great to be a world monopoly -- -- it's a wonderful thing to have the entire developed world -- recover before war World War II but that's not where we are.
And then the evidence is unmistakable -- higher taxes hurt economic growth.
People say it doesn't hurt they're saying of all the possible -- I'm gonna pick the very extremely zero.
And you -- -- ask right now what's the most important thing we have millions of people out of work we have incomes and haven't -- on the phone over the past three years.
I would think growth we'd be the priority and you wouldn't want to err on the side of hurting.
But investors are gonna have more dividends next year presumably to make up for the -- -- they're gonna face that's I guess part of the companies think will it.
Willie still cash out though with the dividends and is not gonna lead to a market tank -- One of the things well I mean what we're seeing right now is is the first evidence that.
Companies investors know the fiscal cliff is coming.
As we get closer that's when the market -- -- That when it becomes all your money take your extra dividends I'm not look let's just get out here it looks like for political purposes folks willing to go over that's a dangerous situation next year.
If we go over the cliff all bets are off toward a recession there's not commanding you're not confident you're coming during a break you don't like the -- this is no I don't like -- this is going this is not.
Two party sitting down saying we have a serious national problem how we solve it.
This is posturing for political gain.
At the expense of the American people I mean.
The president and -- say -- -- saying.
Well we need to raise taxes on rich people to protect the middle class and I'm them drivers in a recession how that helped middle class he wants Republicans -- right.
But no question I mean this is a wealth.
The economics of this -- simple.
We don't need to raise taxes and weak economy it's all politics and the question is who wants.
You proud and we Republicans of analysts -- discussed.
Tom -- to be honest I think what John Boehner has said and done in this on the -- so -- is to be admired that the proposal they've put out.
Really wasn't a strong Republican proposal and -- have less than two dollars of spending cuts for a dollar of taxes.
It was right off Erskine Bowles song -- -- -- -- that's every attempt to both be.
And they did in a timely fashion.
I was shocked at how quickly the White House batted it down what troubles me is that they don't seem to move it off their talking points is there a way people.
Who would immediately.
Don't talk to the -- can expect.
I don't know how you get that done the thing I would point out is I know there's all the rhetoric and talking points but.
Every time Republicans have sat down in serious negotiations -- that was John -- the president 2011.
When the super committee -- now they have said -- are willing to raise more revenue and indeed who will raise on the -- deeply want Mr.
We'd like to do it in an economically rational fashion so that it remembers going all that -- he doesn't seem to be accepting -- adoptions act.
And -- if you're gonna get a dollar from someone one -- -- -- why do it in the the most damaging wind possible.
So we'll see it works out but the man.
Sutherland -- the results speak -- -- anytime.
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