panel and the ranking member, a republican, would have to sign off on it, and that s going to be the thing, is that there s been controversy over the last 24 hours that the ethics chairwoman, zoe laughlin apparently was talking to rangel as far as striking a deal and republicans got a little upset about that, but regardless, even if they strike a deal, both a democrat and a republican have to sign off on it. jon: the ironies are so thick here, here is the guy who was the chairman of the ways and means committee, the tax writing committee in the house of representatives , and he s charged with not paying taxes, with hiding income, that kind of thing? oh yeah. it s a major problem. you also have we don t know exactly what the ethics committee has found. they re going to air the charges tomorrow. that could lead to more democrats, as molly was reporting, two democrats calling for him to resign, that could lead to more because these charges could be pretty serious and that s what they
in this country, and the limit s going to break at some point. these people making these money, these millionaires and billionaires who obama keeps want to go demagogue are simply going to stop paying, they re going to stop working, suck in income. hide the income as best they can legally, and there s going be to be job loss as you just saw by my example. brenda: caroline, what would you say. i would say they re already doing that, wealthy individuals are hiding income and corporations and ge where we are paying them the actual corporate tax rate for large corporations is about under 10% and for medium size and smaller corporation ises about 20%. and that s the actual, using all sorts of loopholes, the actual tax rate. we don t have the onerous tax burden and it highlights incompatibility between capitalism and democrat city. because capitalism allows wealthy individuals to amass wealth and power and then use that power to set up rules that benefit them.