this point, no significant injuries. no fatalitiefatalities. it is a miracle. annabel roberts, thank you so much. to washington now and the president and first lady have filed their 2012 taxes. the president made less last year than in any other year since making office almost $609,000. which is $180,000 than in 2011. lower effective federal tax rate of 18.4%. the loss of income is due to the president s declining book sales, the obamas donated almost a quarter of their income to charity. president obama s budget proposal is drawing fire from democrats who say it gives away too much to republicans on entitlements and would shrink social security checks for senior citizens. joining me now, democratic congressman john yard mouth member of the budget committee and a good day to you. always nice to see you. thanks for joining us. thanks, alex. good to be with you. i want to get your reaction to the president s budget proposal. well, i think it s a mixed bag for many of us. we lik
tax and also, it goes they re getting the benefits. and removing deductions just largely proportion, 90% of the country and see a tax increase and the moves to simplify the tax code are going to lead to the average middle person whether it s moving their deductions or going to a flat tax, just be aware of the situation. the inequities in the tax code are the reasons our president paid 18.4 effective tax rate last year. and what about the last election. it s around the board, it s everybody. that was great. did you hear this? the politics has been relentless and continuous. it s very difficult when people live in a state where there s a daily declaration, we will not participate in the law. the republican governors are to blame for the health care law problem? why is the group pushing obamacare say we need another health care bill for obamacare?
donated last year. thanks a lot, joe. your patriotic duty, really leading by example. joining us to go through all of this. tucker carlson from the daily caller. kirsten powers. i m enjoying the show with fox and friends weekend. thank you. sean: let s go to the 18.4%. i m telling you i m paying state and local federal taxes i pay 60 cents of every dollar i make! of course. taxes are due monday, by the way. a lot of us have this on the brain. how could you pay 18% tax on 600 grand. in that doesn t make sense. taking very aggressive deductions. the president has just floated the idea of making a mandatory 30% just federal tax on the top 1% of which he is a member. is the outrageous. i checked in with my account and the and i m well above that. maybe i need his accountant.
by ac already dc. and took a bathroom break. [ laughter ] alisyn: so tell us what your ear worms and makes you bring a lot of pleasure. it s something from our viewers, they know toba. she guy does all the funny sound effects. alisyn: never seen him. headlines, president obama and vice president releasing tax returns, obamas reported $608,000. they paid $112,000. they donated $150,000 to charity but the tax income rate was 18.4%. that is down 2% from last year. how can he have such a low tax rate? meanwhile, joe biden and his wife jill reported $385,000 in income. they paid $88,000 in taxes.
control laws still have the most gun violence. here s an idea. instead of meaningless laws that protect politicians careers, maybe we should protect the lives of the children we love. all right, thanks, guys. the senate debate is next week and we hope you ll follow it with us here on cnn. as americans scramble to wrap up their 2012 tax returns before monday s deadline, well, we have just gotten our hands on president obama and vice president owe babiden s 1040 fo. they paid $112,214 in federal income tax. and effective tax rate of 18.4%. vice president joe biden and mrs. biden reported $385,072 in income. they gave almost $7200 to charity. and the bidens paid $87,851 in federal income tax, for 2012.