buffett rule. i have said because it s not going to be that much money anyway. we need to get to the real issue. right. how do we pay our debts? the buffett rule won t do it. austerity doesn t lead to job creation. i think that s proven. but neither does high debt levels long term. everyone agrees that the debt level is too high and a problem. here s what i tell my colleagues. we re a blindfolded man walking towards a cliff and the only debate is not whether we fall off that cliff but whether the cliff is 50 yards away or 500 yards away. there s a simple solution. like bob kerry said about social security. even on the debt, two biggest culprits are the bush tax cuts and entitlement growth. all the tax cuts or just for the wealthy? well the numbers just on the wealthy don t add up. oh, if you do 60 billion a year, senator? $600 billion a year. $600 billion over ten years.
the buffett rule. there s options for everybody who wants to pay more that s not legally required. but joy-ann, if you ve not nothing to hide, what are you hiding for? exactly. this goes back to what romney has done, which is try to run for president by telling americans as little about himself as possible. he won t talk about his governorship of massachusetts. he doesn t want to talk about bain. he essentially wants to be the brand x that somehow gets into the white house but what he doesn t understand is that the american people want to know who they are voting for and he really leads nothing positive for people to look for on the ballot in november. so you didn t even set that up but we re going to talk about him in the first dyson-ary. the word on few skate d obfuscate. miss sussman, you made an interesting point about the politics and respect. do you think that will affect who the young people will vote for? absolutely. if you look at a president who has grown up understan
returns, i assume you re going to pick it apart any way. if people want to pay more than legally required, the president could pay another 10% and follow the buffett rule. there s options for everybody who wants to pay more that s not legally required. but joy-ann, if you ve not nothing to hide, what are you hiding for? exactly. trying to run for president by telling americans as little about himself as possible. he won t talk about his govern shorship of massachusetts. he doesn t want to talk about bain. he sengs eely wants to be the brand x that somehow gets into the white house but what he doesn t understand is that the american people want to know who they are voting for and he really leads nothing positive for people to look for on the ballot in november. so you didn t even set that up but we re going to talk about him in the first dyson-ary. miss sussman, you made an interesting point about the
romney won t answer or refusal to answer goes to the issue of trust and respect and decency? even if he releases the tax returns, i assume you re going to pick it apart anyway. so at this point, what he s saying is i have done what is really required. if people want to pay more than legally required, the president could pay another 10% and follow the buffett rule. ante up more money. there s options for everyone who wants to pay more that is not legally required. if you got nothing to hide, what are you hiding for? this goes back to what romney has done. try to run for president by telling americans as little about himself as possible. he won t talk about his gsk gskership in massachusetts, doesn t want to talk about bain. he wants to get into the white house, but what he doesn t understand is that the american people want to know what it is they re voting for and who it is they re voting for. and by him obfuscating everything they re talking about, he leaves nothing positive for
neil: the president is touting that rich need to pay more in taxes. now word they are. the congressional budget office, nonpartisan, reporting the top 1 percent, for example, those earning $1.2 million on average, saw their rate jump from 21 percent to 28.9 percent, close to 30 percent tax rate that the president is proposing as part of the so-called buffett rule. and my report says this proves what he suspected, the rich are the only group right now in the country paying more than their fair share a couple of years ago. that is remarkable. when i wrote down the numbers there are more to it but bottom line, the top 1 percent paying more. paying more. only group in that study, to pay