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We'll remember that that -- -- welcome back Cotter.
Our next guest says it's more like welcome back Carter.
And then President Carter he says -- the -- get their way.
We could see every turn into a 62%.
Top tax rate when that the highest tax trees we've had in this country Steve Moore is a Wall Street Journal.
Editorial writer he's when it's my favorite you know welcome back got.
Well I thought -- the air with your favorite tax rate hit her in the late nineteen sat out.
I mean you go back to the late seventies people forget we have a 70% highest income tax rates by the way go back -- early sixties read a 90% tax rate and that what happened was that Reagan.
Gay men and remember we had the big reductions in taxes top tax rate came 128% of the point I've made in my article in the Wall Street Journal was you know what those rates have really over the last twenty years been creeping up again and if you take into account the tax increases that would obamacare and they if you suspend.
Review -- the whole debate about whether we suspend the bush tax cuts and that if you look at this proposal on -- the -- security -- way found.
Pulled out -- out is that the top tax rate could go to his -- 62.
Look at your article I was I was adding at all the different -- that Steve is doing ACLU got other top secret passion that I mean just one example people it.
Didn't really look at this but obamacare S three or four separate.
Taxes that that raise people's tax rates that start taking place in 2010 -- for Medicare yup and -- and part wanted that one of the things that they they would pay for.
If we stop the tax rate go back to that level because we have been there before and what would that look like in today's economy.
Well be it we we couldn't absorb it I don't think even a lot of liberals would wanna see the rates go that hire -- 62%.
At a time what's happened over the rest of the world I'm among our.
Chief competitors countries like China and India and Germany and France they've been cutting their tax rates so if we're raising I'm in the other countries are cutting them.
I don't like the -- Astoria.
So here's a scenario in the -- been -- Adam.
-- -- for -- in the New York Times today -- David Brooks writes that basically a proposal of what he would he would say is the best scenario for both sides -- the Republicans include a half and he says.
But the Republicans have said no to raising revenue through taxes that there are.
They're gonna have to do something they're not gonna have to look at taxes in some way well if you could advise like Republicans -- just seeing a possible -- -- could you seed you know taxes I.
If there is and it very essence of a deal here.
No Republican is gonna vote for raising tax rates having that system don't know what hurts the economy but you could I do think -- Let's lower the rates let's get rid of all these deductions and loopholes and carve outs for special interest you to remember General Electric last year didn't pay any corporate income taxes they took advantage -- these loopholes so I do think you get rid of the loopholes you lower the rates.
You expand the economy get more revenues that could be you know the -- of a deal and that sounding more like tax reform yeah exactly so we gotta do it right this is the point in my article -- we can't go forward with the with the tax system where we're taxing.
Our companies and our workers higher than every other country has but then you had these these companies get these sweetheart deals like general -- from whirlpool to pay nothing.
There's no fairness and that.
About isn't it interesting article Stephen was nice having us that you didn't go YouTube rock and I'm not FF -- now I have a history professor look just like him a high school.
-- -- -- -- -- Stephen mark of Belmont has it's not reveal -- -- the.
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