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Well now we know we are all fat cats because it's not -- the rich getting socked by higher taxes now well now they've got company.
-- -- Welcome everybody glad to have -- Neil Cavuto I do any of you remember this.
Could you make under 250000.
You -- not for your taxes increase by a single dime not your income tax.
Not your payroll tax.
I don't capital gains -- Anytime.
You won't see your taxes increase one single not one single down the middle class doesn't need -- -- like.
My you ought to that was then box on top of attacks head that is over the top actually way you -- under the top.
Because if you make less than 250 grand let's just say life with the taxman.
Won't be granted anymore.
Under the president's budget -- too -- gets plan.
Badly especially if you're a smoker you're looking at a -- on a pack -- cigarettes almost doubling to about two -- or let's say your flyer.
-- eighteen billion dollars in new fees to pay for aviation security.
-- let's say you look our -- 59 billion bucks in taxes on banks and brokerage firms and life insurance companies that will undoubtedly be passed along to you via higher fees and charges.
More if you are allowed on the -- driver another 94 million bucks an energy taxes that will quickly work their way to you with the -- Or if you're just hanging out at home.
Do that utility bill in your mailbox and I'm all up more than a trillion dollars in new taxes over the next decade.
Republicans all but saying the president's -- mind.
To New York democratic congress and Charlie Rangel says the president's founders and our congress -- good to have you.
They're gonna back -- the those are a lot of taxes congressman.
While there's a lot of that that we have been a lot of sacrifices have to be made.
And I think it's just the American thing to believe that if we all chip -- We old take that hit the all make some sacrifices that will come out of this okay.
But you know when I heard the president a lot of leading Democrats saying -- not too long ago that it was only going to be did 250000.
And over crowd.
Taking that -- says.
I was dumb enough to believe them.
You and that about that -- -- 2000 group and this is where you concentrated in truth of the matter is that I don't know what I just cited congress soon we're we're taxes that would affect.
-- -- We're talking about a whole new bag -- blacks we really talked about trying to get something but the Republicans.
That would cut back and spending at the same time.
Get rid of this sequestration.
He can't do this you cannot do this if he just concentrating on Qaeda.
And if we have to raise revenue.
You know even if you were just talking about.
Income tax free -- on that you were talking about.
Getting rid of loopholes you have to raise revenues to do it this whole idea -- -- time.
Went out corporations are making record profits.
It's not -- these stock market is sorry.
And we have more people involved in them without the hat we got to come together on this and you know it.
What do you think congress in this -- -- know the brother was saying yesterday when he announces that -- something like well the rich have to pay their fair share on.
Are they close to that point now sedate pace tomorrow -- -- -- when -- they pay difference.
Let me let me tell you this.
I have never heard a complaint.
With this successful business -- that we have in this country night in new York and not in Washington.
I don't know what it was.
The guardians of the series and our vehicle on Mars Sunday night here -- -- time that it it.
Lester right -- feel like they're getting -- stepping yeah yeah.
I don't think that is that I don't think that is the prevalent view of wealthy people in this country.
They have been loyalists these actions are you talking to congress.
I'm talking about those that we were talking about in the top one then that's up 2%.
Many are on the losing your district aren't the ones who are -- that -- would have to -- -- dollar data now.
We know what somebody's increases.
For example smokers who on average earn about 40000 dollars a year.
Their taxes are gonna double on a pack of cigarettes essentially you know then I can I touch you asking you know very -- -- people.
You very optimistic in believing that the Republicans -- going to allow us to debate the president's budget I hope you're right.
But I don't think I'll be coming back saying that the taxes on cigarette smoking is too high.
But I think it's something that we should discuss if not cigarettes and -- What we know it's freezing here on as a band is a police are saying something and then in the White House in many of the heads of your party -- not said that.
We we have to broaden out the -- -- tape for a lot of this stuff and by that it would include.
It would include smokers are sensibly earning as little as 40000 dollars a year it would include a lot more folks in that hundred a 150000.
Who get it trapped by somebody's tired -- everyone's gonna pay higher gas tax -- a result of this high utility bills as a result of this.
You're saying this is -- for the common good.
What I am saying is that we haven't had a chance they get from new Republicans.
Not that they have a problem with the president's -- But are they going to give it a chance to be hurry.
To be discussed so that we have a senate bill that they can hear -- -- presidents bill.
And then just take a look at the -- know -- is no equity this no fear in this and what they're talking about.
This they all they're talking about is cutting and Giuliani's senate that is -- it.
Well you ask any economist during -- time that we pulling out of recession.
Whether laying people law office -- -- help at all plus they have economic.
Why don't you tell your idea of raising taxes on anyone in the middle of -- said recession.
Is gonna help that I would I would just -- cutting spending or raising taxes.
Bad -- avenue revenue to get involved and increases education research -- about that.
And -- back and destruction to be a first class nation.
Do your best money we don't have right and you're assuming that the money they're getting out of -- well dealer now this sustainable people still going to be there.
But generally -- history suggests the more you in the -- Panama the few words of them you have in that you would dollars in debt.
There is no option -- say America.
Does have not have enough money.
To have an infrastructure that's capable of having us as an international trade -- and number one.
There is no way to explain to the American people why we don't have enough money.
To develop the scientists ended the DD BB.
The people that we need.
In order to keep our recent -- development at the highest America as soon not a -- you -- purposes congressman.
Meet snows and it's right that's what that don't have that you bet your life -- got to meet those ads is gonna create new jobs is going to create the revenue and we are able to reduce the deficit.
But it did take a look at the options of Republicans that it really doesn't make sense to say that America -- that stands to help.
Not raise revenue and just cut the social programs that people living on that makes no sense -- -- that.
We got three different budgets -- and I'm glad that we -- I'm glad that we're gonna have some exchange on this.
And I do hope that the American people.
Allow themselves to be heard especially -- churches and how do good isn't.
All of those people today as the sanctity -- treasure.
Where was the big businesses so what were they thinking.
About this program where we have these -- us taxes and he said that big business stood behind the president he said that there was this.
I don't know -- your -- and I don't know what searches are -- do but I hear the lord's name being used but not quite the way you're reflecting of the congressman.
It's always good having you thank you have spent months.
Passing -- -- him.
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