250,000 dollars a year should go back to the income tax we were paying with bill clinton when our economy created 230 million jobs biggest surplus in history and plenty of millionaires to boot. >> you heard the president refer to tax rates under former president bill clinton. former clinton advisor dick morris responded to those comments. >> i was so interested obama talked about returning the tax rates to the rates that prevailed under president clinton. that is a flat out lie. while it is true he would raise the tax rate from the upper prak et to 40 percent which by the way we generate 70 billion revenue not enough to do any significant damage to 1.4 trillion deficit but the one thing he would do is bring the capital gains rate back up to