the largest tax hike ever including a minimum 20% tax on households worth more than $100 million. remember, some of those people own businesses and they hire people but we ll move on. also an increase in the corporate tax. that rate from 21% back to 28%. now we re going in the opposite direction. remember jobs creators, we ll move on. a new york post editorial says biden s 5.8 trillion budget proposal would be laughable if it weren t so alarming. here is a chief global economist on fox business. we are forecasting a very significant economic slowdown with growth you ll see a lot of weakness on the consumer side of the equation where you have demand pulled forward in front of the covid crisis for a lot of goods and now you ll see a decline in consumer spending on those goods. harris: jackie deangelis live at today s fox nation
because they know i don t trade like everybody. i trade like me. i m with scottrade. (announcer) scottrade. ranked highest in customer loyalty for brokerage and investment companies. gretchen: fox business alert. new monthly jobless numbers set to be released an hour from now. but has the president forgotten about the unemployed? stuart varney is here with a look at some startling facts. good morning to you. let me start with some extraordinary numbers. we lost 8.7 million jobs in the great recession. we ve only got 6.7 million of them back again. in other words, we re 2 million jobs short of where we were in the late bush years. that s extraordinary. secondly, if you look at the new jobs creators and we get a report every single month. we get another one in about an hour, you look at those numbers closely, you will see that two out of three of the jobs that we re creating right now are
president are not necessarily going to solve the jobs crisis. those are the jobs creators. wait, wait. let him finish. can they offer good ideas? absolutely, can they come up with new proposals, absolutely. in terms of the day-to-day hard work of coming up with policy that falls to the president s economic team and leaders in congress to work with the president. angela wants to ignore a simple fact, the republicans have not been willing to work with the president, they have not. and so. okay. until that changes we will have this continued dysfunction. if you remember. i m not saying the republicans fault, but at the end of the day they ve got to work together. the republicans do not control all of congress or the government and work together. kelly: and angela, angela? he makes a good point you do have to work together and common ground. you do, you do. let me explain this to you, chris. remember simpson bowles? boehner when he went to work with the president, took
climate. reporter: he says the u.s. has a strong 100 year history of federal agencies maintaining multiple uses that include energy production. we foe that our public lands means so much more than just energy production. they re a huge driver of our economy, for tourism and for recreation. there are huge jobs creators. the amount of impact that we re talking about on federal lands is a postage stamp on the united states. it is very, very little impact. so it is not either or question. reporter: and to bolster their arguments, both sides, jenna, refer to former president theodore roosevelt as his expansion of federally controlled land for more efficient uses of natural resources. jenna. jenna: an interesting debate we ll watch this campaign season. thank you. jon: just a few blocks away from our manhattan newsroom, still awaiting the news conference from roger goodell, the commissioner of the national football league, the guy who signs all the
let tax cuts expire for americans making over $250,000. it was issue number one in his weekly internet address. ohio senator rob portman delivered the g.o.p. message. 98% of american families won t see their income taxes go up at all, but the other 2% of americans will have to pay a little more on taxes on anything they make over $250,000. raising taxes on jobs creators during a job shortage makes as much sense cutting off a water supply during a drought. tough times for america, stay tuned to fox where the news on the campaign trail today. i m jamie colby, we ll send you back to bulls and bears on the fox news channel. have a great day. brenda: the worst drought in nearly 25 years drying up corn crops across america. that s threatening to drive food costs higher and consumers moods lower. sentiment dropping to the lowest level of the year. now, john, how much higher