Also in this playlist...
This transcript is automatically generated
You make under 250000.
You -- not for your -- -- -- by a single dime not your income tax.
Not your payroll tax.
Not -- capital gains.
-- any time.
Way -- minute.
That was then you make over 250 grand -- This is now you make -- lasted 250 grand.
Look out will give everybody got Neil Cavuto planning tax credits it is no longer just the rich seasons as the president gets his way within his budget.
A lot more folks -- open up their wallets -- Like smokers will be seeing that tax on a pack of cigarettes essentially doubling to almost two -- And flyers will be getting patted down or another.
Eighteen billion bucks to -- more aviation security.
We'll be paying more at the bomb belt governor clean 94 billion a new energy taxes for presumably -- -- And I haven't even gotten in dal -- of all sorts will be out of sorts when they see -- these shoot out because banks and insurance companies taxes.
Are going way.
So I could go -- but let me just -- -- up for you pretty much right now.
A -- -- bucks a trillion dollars in new taxes that some of my colleagues today behind a little bit more than just tax.
So it's paying big big doubt out of -- -- Charlie Gasparino.
Doctor Payne when here.
You guys you're running that it hit me the president said -- by a single -- he was telling the truth.
-- -- -- -- But -- -- -- that I've been saying this from day one.
Every -- watching a show who's jumped on this bandwagon you grab the torch do you believe it's the evil rich holding us back that they're the ones that are responsible for his Big Apple did that -- go up -- -- imagine imagine.
They're gonna get a little smaller that -- though.
Well that's right because you're gonna have to pay up to because you're evil you're -- have to pay money this -- -- talked we will building.
They don't come cheap he's in the he's in front of the trailer park now.
Well I would take it -- about this is this is so good because you know it proves that he is a class war for -- warrior he hates.
But doesn't -- he's going after every collapse.
Are you -- about the payroll tax hit everybody has -- one of the most regressive taxes that we have right now.
Is composed by President Obama where he raise taxes on everybody.
And you know.
Yeah that was a very nice people doing a cut to two years right it was put back in place everyone felt it right but he had -- -- a lot new right right that.
When they all come to pass -- about a nominee you know today -- that it could be severe.
You let chat me more than any thing and then like had a chance I won't tell you what parts really got -- but this.
They want to cap how much you can say.
And a tax deferred account in this country who called this White House.
They knows what they know what we need they know what is right in their mind they know how does -- you know.
Regular Limbaugh every 3000003 million dollars -- is the times that you can put away you only need what is only Nestor -- is 205000.
-- in an annual annuity it sounds like a lot of money does the Wall Street Journal pointed out that's basically annual pension police sergeant out in California stating that they know well how about this -- and -- and present are making that they had to put a cap on it and that's a big decision.
That Adam they put a cap on that on the tax deduction a part of it that is it that is that is tax protected right so yes I mean all of these things.
The amount that you can put into a 401K into an -- -- All of them -- have policy considerations to then there's nothing unusual unusual about that you can save more for you retired.
You just can't today -- I forget I said how much you can put in a tax deferred account there essentially discouraging saving in this country.
Witness so security and Medicare are going broke how does that make sense how does that make sense you have a White House that says okay we know how much that you need to live on.
In retirement we're gonna discourage you from putting that money away and attacks depart -- that's what I said and that's the god -- LA which he gets really angry she doubles up on the southern accent so you -- have a did everything passes.
You don't and I got I got the southern cal -- Well of course not and I'm just happy that I'm 3000 miles away from from day in right now you know dig it doesn't make a good point in this regard and Charles -- what happens is is when.
What would you start realizing as you point out at the outset of the show.
That you're not getting enough money from the rich you have to go down the food chain and have to -- yanking a lot of other folks change.
And that and I think this is just a preview -- and attractions.
It is a preview coming attractions and did in this hope that it's already -- -- -- negative impact on our economy.
This again you know we know the words oppose the recession recovery ever.
I mean you start to -- you wouldn't tell we're -- the market's close yet you have but I have -- been there and that but the point is.
This is everywhere and balance have to look at everything -- that did I don't know about you background is and what are walked in the door it's it's early in the position we go below one sided but when you there always be fair and balanced it's an okay you just have racked.
But but couldn't mess but they cannot help out and out tomorrow now we don't want to -- clearly you know the markets -- the markets had nothing to do with the economy right now that is my take I didn't even address that but I did and I nor did it mean to pick on that would certainly -- I -- I will ask you this doctor Gasparino.
What it sets of -- -- and administration now that will put it's far greater emphasis on finding creative ways to get money -- save money.
Well it's one of the reasons and he's not here to defend himself so I'll just pointed out that I have these are -- buddies while she's watching -- -- -- running argument would then try it and we -- what -- Toledo -- comes on here all the time touts the need to raise taxes and you know I don't totally disagree that the problem is.
It's so much easier to raise taxes and if you start by raising taxes.
You'll never do any of the cuts -- not only cuts that we had do you think about it are these sort of very marginal sequester cuts.
And we cleared him I don't that's ought to growth of around and we do need that and he did what it is today it's it's never it's in between we have never in this country -- had had an experience where.
We have hot stuff first and then raise taxes so was racetrack deal -- a maybe we might.
You know -- fiddle with the potential growth of the cut.
Look like that about coming to that reasoning.
What we should at least at least get back to that to the premise of -- part of the segment which is about these new season people earning -- -- -- until.
-- list since -- on business yeah.
But but but but go ahead.
All I would like -- think that -- Is that all -- The big new taxes that you listed at the outset essentially all of our user fees this is good public populace hey you know and not give anymore are not the -- to present.
Incidentally in the -- in the campaign.
No I'm not one new tax I mean.
That we sealed the Holocaust actually -- -- you're gonna call it goes so go but you're still coats and in the fact that -- and I say that -- your -- -- -- again that you weren't before.
I agree and a lot of my friends will have let me just say let's look at those are good laws that allow you to -- -- -- -- -- -- -- I'm not what it's like you to keep -- to the subject it and.
But take a -- -- -- point this pattern when my mother -- Jacket on -- and I'm fed up and they all have to like the way but I will have their children -- you know that's not a -- -- do it right.
But this is what my mother used to called nickel and -- made me where you get allowance but then -- -- -- taking additional money from your parents for I -- pack and -- I wanna Snickers bar that.
If you today that it dot the whole bit and -- -- low hanging friend for the White House because they can go after cigarette smokers and nobody's gonna build up -- -- lot.
But they won't come after everybody and that's you that's ciresi a hold up -- -- until I know how -- We have to kind of afraid to pay I don't know like this that federal income tax they will have to go after that happened initially was seventeen I've got some you know other apps and other premise of -- segment is -- duplicity of the White House I mean and this is some that Adams should should really address I mean do you really think that these guys.
-- -- every politician lies -- provisions -- but one of the meet the premises.
A -- -- present Obama's reelection.
Was the fact that.
And he's turning that on its head right now -- -- complete military and it's quite.
Charlotte is -- fair share for the return of that administration people on.
When I was on Charlie Brown limited on what do you is there is that there's sure that you could finally get off there you know what.
Leave Malone didn't get that big deal and I don't virtually be honest I think I -- -- -- great American at 50%.
You know I think giving up half the money that you've burned that you worked hard -- that you've invested and president or is more than patriotic at any of the 50%.
At a I've got no argument with 50%.
I was going to be zero chance but I -- -- is -- anyway what -- -- what I -- exactly.
Filter by section