Does Obama's 2nd term agenda include annihilating the GOP?
Former Obama economic adviser Austan Goolsbee weighs in
- Duration 6:35
- Date Jan 24, 2013
Former Obama economic adviser Austan Goolsbee weighs in
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There's a speech that is being hailed as the most liberal and progressive inaugural dress in decades with teams including gun control climate change gay marriage immigration.
President Obama's inaugural dress outlined an agenda that will undoubtedly.
Well be faced with severe push back from Republicans and here's what speaker of the house John Boehner had to say about that inauguration speech.
All of we're friends and zero.
Over the next -- two months from two either of those opens.
-- -- -- It's very good chance you're an island.
Of underdog or it's.
I do believe that is -- -- Just.
Show positive dustbin of history.
And joining me not a -- defend his old boss president Obama's former economic advisor Austan Goolsbee you -- -- with a -- when they -- it was reminding come up at all.
But only in the nicest possible -- only it's.
Why do you even follow the story about Phil Mickelson and Tiger Woods and tiger -- I left California.
Years ago yeah this California is to California to -- -- Phil Mickelson.
-- of every dollar he makes -- pay state local federal taxes almost taxes 63 cents of every dollar goes to the government.
Is that a prop -- they had given -- the question.
Well then that wasn't an actual true fact today accountants I'll bring you back it up a break and I'll break it down -- -- let's break down 40% national tax.
Thirteen and a half that's 53 and a half -- up 4% obamacare -- so that's 57 and a half hang on that we have fight it out -- attacks.
Social Security that we have.
Of people -- local tax out -- -- -- sales tax Donna Jackson many of those you don't add on top of each other but don't candidates sit on the million dollar 60% of every dollar to.
Of all I -- down and thank almighty government nobody's paying more than.
Thirty some percent higher income on paying sixty cents of every dollar I make sorry your million dollar that she admired and I don't how much are making giro.
I know what the tax rates are.
Why now why but.
I have a bone to pick what you shot.
We made a bad.
On the election cowboy and you're gonna take me to dinner now if the president what you know what we just said the inauguration he -- shot and my friend Mario in Chicago he watch your show -- tell me.
You would never take a Democrat to dinner -- Wilson said it would never happen.
-- -- yeah I'm not -- huge I used to help.
Held -- books and you picked spending will not solve your obligation worth spending that the answer -- restaurant Rolf.
That is why what I have come.
What it that you would have dinner with -- thought I was only able to locate.
Hot dog -- nuggets -- John but I.
-- having dinner I was on Hannity and nobody can say I didn't show everybody in the rose Chris gift certificate and they've got guys that -- -- accident that I divide up.
How -- I know this didn't come from some nefarious super pac or otherwise I don't deal I don't know anybody a super pac for crying out loud.
-- Rhode Island time of guys all right good we ate dinner out by women so if Tiger Woods and Phil Mickelson.
Are saying they got to leave their states if if you have Nicholas Sarkozy is Italy France together -- Jauron -- -- view is letting us.
Doesn't tell you something that this is a bad idea I don't speak French so I'm not -- in any thing about over there.
If you have no problem with the taxes in New York City or in California moved to Chicago would take you we'd love to have -- -- too much gun violence there.
Of people that -- get away with their crimes -- you see that -- No I did in Chicago I -- here's my question.
-- Obama -- a lot of things I'm not can't take away your guns he goes after regards he says.
It I'm not gonna raise taxes.
Except for the 1% 77% of Americans just saw their taxes go up wasn't too so -- also I think less than what they were under they went up that.
It was overall tax cut their payroll tax.
For two years gave.
Working people around the country a huge tech media crazed attack and it went back to what it was when they started a gift is that what it is of people payless a gift.
They keep more than money is a gift.
The what the gift was to ask to have the payroll tax reduce Republicans oppose this do you recall can I ask -- question.
Give -- a limit.
After as somebody pay state local federal government.
Even those evil rich people -- you guys like to divide everybody in America.
Explain how much -- -- vibrant trying to get you to go to dinner would be shot whose body my -- gave you a Ruth's Chris -- But seriously how much of one of those evil rich people be allowed to keep that every dollar that make.
The million dollar or the first 1000250.
I would ever I don't know a look at what -- what you're using the money for the president says -- are ashamed.
I think -- fair share of back to what it was in the 1990s when the country was doing very well that they'll -- me -- preventative they'll pay state local and federal how much at.
How much is there if they're asking for federal policy.
We shouldn't go change your -- -- -- I'm not we shouldn't change the federal rate.
If New York City decides to re lost tax rate that's not -- you all of this studio I just -- you -- you'll feel better already.
Now -- 40%.
Of what it was back under -- -- units are totally appropriate I said after they pay their state local federal all of their taxes how.
How much out of every dollar should they be able to keep that's a simple question.
It's not a simple question.
There were I will tell you.
To have a 40% raid on the highest income as it was in the ninety's plus the average state tax rate of I think 5%.
Seems that's a that's one of the lowest rates on high income people that we've had over the last 65 years the share of income.
Of people in the top 400 people's income getting paid to the federal government is the lowest it's been in 25 years.
And it strikes me is totally appropriate and just go back and Obama they were -- the -- is still barter borrowing 46 cents of every dollar.
He's six trillion in new Obama debt and so let's balance the budget and bring.
Fiscal sanity by doing a balanced plan with -- revenues and some can't be -- -- -- revenues now it's cutting while you already got some guts let's come together let's do this we can do its -- and have you and I said together.
For twenty minutes we could come up with a throw my dinner -- you the it had hit and I gotta go good to -- on your decision to all right.