we have always known. they are not concerned about facts. completely obsessed with getting rid of trump. that all of those investigations from russia hoax to ukraine, all of those things have been about trying to find a crime and fit it somehow into this impeachment narrative. and they have never been able to come up with anything. it s sad. it shows that they are a party run by hate and they have run out of ideas. that s what i see when i hear that kind of stuff. they are willing to sacrifice winning in 2020. taking over or keeping their majority in the house. and winning over the senate because this is wildly unpopular where i live here in the middle of america, which is wisconsin and midwest. ainsley: something that is pretty popular at least was was the peloton bike and it looks like it s the latest victim of the cancel culture. stocks have plunged after that commercial down 12.4% since the commercial aired. company has lost $1.6 billion in market value. what are your thoughts? w
out thinking i m getting some free money, i might as well go out and have some fun. dana: that s one of the reasons you talk about a tax cut, so you can give consumers back their own money. it s also because they earned it. payroll taxes for medicare, 2.9% with no gap, additional 9% over $200,000. that s just for medicare. i think we have that up here. all for social security. that s up 12.4% for up to $132,000. so if the government 2004 actually address the payroll tax, that s going to people who are not earning. that s not just a tax cut for the rich. that is absolutely correct. this is something that is broad based. for example, what the obama administration did in 2011, se essentially, if we did that, it would equal $900 coming to people s pockets. this is not a game changer.
when i started. down 1 and 1/3 percent. and this is on the news last night that we are imposing tariffs on mexico. unless the stem of immigrant, migrants from mexico is flooded. this is rounding off a very bad week on the dow. we have lost more in the stock market in a month than you typically lose in a year. i don t know if i ve got. that i will ask my control room. there we are. look at the left column. the month, the down is down 6.5%. there are years you don t lose 6.5% in a year. s&p more like your 401(k) probably, also about 6.5%. and nasdaq has heavier losses, 7.8%, in a month. now, here s the good news. look at the right side of the screen. the green. that is the year to date. so from the beginning of the year, your investments, if they look like the s&p 500, are actually still up, almost 10%. the dow is up 6.5%. and the nasdaq is up 12.4%. so this is one of those days, the last day of the month, in
state should be, the federal government should be, it does just look like a massive expansion of government programs. dana: talk about that, social security is always an important issue to talk about and lightning rod. wall street journal editorial board writing, memo to young workers. the democrats want to raise social security benefits for retirees while taxing you more to pay for it. the plan would raise average benefits by 2%. basically the payroll tax rate for social security would rise steady over two decades to 14.8%. right now it s about 12.4%. that would apply to all taxable income above $400,000. congressman who supports this said this is for the average american worker, insurance premiums would only be $0.50 per week per year. he goes on the say polling shows that americans like it, that it s doable common sense solution that americans want. this is a difficult thing
we re reaching out to our colleagues on the other side. we re even hopeful we ll get the president. because as you may recall, he did courageously and stadd up for social security and debate amongst 16 other republicans. we should we should have bipartisanship on this one. congressman, i want to put up on the screen what you re suggesting in this bill. the goal is to increase the average payout by 2%. i assume that means injusted for inflation. no change to age a retiree can collect benefits. raising payroll taxes from 12.4% to 14.8% over 24 years. we re talking about a gradual increase but people will have to pay more in their payroll taxes and payroll taxes imposed on earnings over $400,000 a year. i would assume the payroll tax part is where you re going to have problems with republican support on this bill. i think when people look, usually i have a starbucks in my hand, with all due respect to mr. schultz, usually i have a starbucks in my hand and say,