turns out very different groups of people would pay. if you are in the bottom 20% of the income distribution, in obama s plan you pay federal tax rate of 1.8%. under romney s plan, double that, 3.4%. that is the poorest group. in the middle, a lot closer, 15.2% under obama s plan, 15.6% under romney s plan. if you re in the top 1% as both romney and obama are, the difference becomes huge. under obama s plan, 36.3%. under romney s plan, 25.9. to get that out of percents and in dollars, your taxes will be $160,000 lower than under obama. $160,000. tax cuts of that size cost a lot of money. trillions of dollars. romney is promised he won t pay for that by cutting defense. he s promised he won t pay for it by raising taxes elsewhere. and he s promised to balance the
romney s plans. turns out very different groups of people would pay. if you are eye in the bottom 20% of the income distribution, in obama s plan you pay federal tax rate of 1.8%. under romney s plan, double that, 3.4%. that is the poorest group. in the middle, a lot closer, 15.2% under obama s plan, 15.6% under romney s plan. if you re in the top 1% as both romney and obama are, the difference becomes huge. under obama s plan, 36.3%. under romney s plan, 25.9. to get that out of percents and in dollars, your taxes will be $160,000 lower than under obama. $160,000. tax cuts of that size cost a lot of money. trillions of dollars. romney is promised he won t pay for that by cutting defense. he promise the he won t raise taxes elsewhere.
system, but i love, you know, pointing the finger at congress and republicans in congress. it s washington that created all these loopholes, it s corrupt on both sides of the aisle, mind you, that created this ludicrous tax code. we need a smarter, fairer tax code. everyone should pay their fair share, but this is puny, minute one last point, alisyn, when they re paying 25.9% of their income in taxes this country had a 5.5% unemployment rate. now, they re paying 18 percent, and we ve got a # .2. so there s something wrong with that. it directly correlates. one final word, the real problem is spending. we re spending $3.5 trillion we re taking in $2 trillion. i think that s kind of the core of the problem. i m with you, chris, we ve got to fix them both. alisyn: chris han, chris plante, thank you for the debate. the tax topic will get plenty of attention at the gop debate, hosted by fox
residents in massachusetts and connecticut are reporting roof collapses. in oklahoma, the record-setting is snowstorm has dumped over 20 inches of snow across parts of the state burying cars and making streets and bridges impassable. this season is the snowiest on record for tulsa. the weather channel s mike seidel is in oklahoma and joins me now. it is really rough for the midwest and the south right now, mike. it is, tamron. speaking of the record there in tulsa, 25.9 inches. it s never snowed that much in the season. now the second snowiest month in oklahoma. temperature is a big story. it is 17 right now in dallas, 17 just like last week. another stretch of bitter cold air. it s 16 here in oklahoma city. windchills are still running at zero or below zero. tonight we ll see temperatures dropping down to zero and down below 10 in dallas.
employers are saying their costs projections are going to be increasing by 10 percent next year. now, if they shift costs to individuals, then that will go down to 25.9, so we see a number of different interpretations about what s on the horizon based on underlying costs. so if you have an underlying cost problem that we haven t gotten our hands on, number one, and benefits require new costs, and what people have now, if they have policy that is don t cover first dollar prevention, if they have polices that donn t have that that have annual limits and in the future, that we will not have the annual limits, that s just basic economics. so we have to get our hands around how to do this as affordably as possible. that s what we re working hard to do. bill: the basic economics tell me if the bill goes up, then the law that said it was going to bend the spending curve was not right, and if your bill goes down, the white house is right. well, and i think if you re adding benefits, you re