white color suburban districts that have recoiled from trump and become parts of the democratic coalition are willing to raise taxes or expand the role of government as much as members of districts and i think that they will not get to 218 with those ideas. they re much more likely to produce incremental ideas like promoting renewable bower. you mentioned raising taxes which brings me to bernie sanders. he hasn t thrown his hat in the ring but he s a candidate and says he wants to save social security by raising taxes on those making $250,000 or more and yet again these moderate democrats will have to answer for this. well, there is willingness for democrats on the rollback part of the corporate tax reductions that the republicans passed but yesterday there are limits and it s changing who democrats are willing to tax. don t forget when the so-called fiscal cliff under president obama, when the bush tax cuts
and those making $250,000 a year and free community college for all as well. when you you have been out talking to voters, what is the reaction? do you think you will be able to convince conservative voters to get on board with a progressive candidate who supports things like that? i think that s one of the reasons why we were so successful, because we were talking about the things that people care about. i am a social worker by trade. i run a non-profit. and the stuff we are concerned about right now, especially around health care, the reason i m running is because of my mother s health care bills being so outrageous. these are things that people are telling us about. people are afraid to go to school. my own daughter is afraid to go to school after the parkland shooting. some of the policies we are putting forward, especially the
right. so those are the people in the exact middle making the exact middle income in this country. it s far, far lower. on top of that, if you make this limit, you make $250,000, you re actually in the top 5% of americans. in a time of growing income inequality that group at the top is pulling further and further away from those people who are actually in the middle. it doesn t make a lot of sense on the numbers and then as policy it really boxes you in. just to defend bill and hillary clinton on this, this is about tax policy. this isn t about an arbitrary definition of middle class. i think they were both talking about tax cuts and tax relief should be targeted to stimulate growth. isn t that a bit of a misrepresentation to suggest hillary clinton is somehow defining the middle class. what she keeps saying over and over i won t raise taxes on the middle class. i would argue those making $250,000 and under the bracket is designed to
hill. where do things stand right now? trace, we expect that this deal will get put into legislative language and the congressional budget office will determine whether it saves money or costs money. try to give a fair analysis. we re expecting vice president joe biden may come up here at some point. senate democrats are telling us they expect that to be the case. there is some evidence of heart burn on the left some democrats who don t love the tax figure where it is set. they were hoping raising taxes on those making $250,000 and couples making more than 2506789 it looks like 450. but a retiring senate republican says it s a compromise. it s probably a fair deal. it s not something any of us would say i love it, i don t love it. but i think it is a good job of negotiating where there are some wins and some laws. so bottom line, there is
first off, the tax hike on the wealthy americans, certainly that was expected. investors knew that when they closed out trading monday evening. the limiting deduction for those making $250,000 or many is a big chunk rate. they make maybe not so great decisions in 2013, whether you buy a stock or a bond. that is an issue. capital gains taxes. permanent rise they propose on the senate. 20%. right there. and then the spending cuts. that is the lack of spending cut. the debt ceiling debate is a mini cliff if you will for many investors and traders. there will be so many more problems coming up in next six months out of washington. the spending is a big issue. s&p downgraded the credit agency of the councilmember. he and other ratings are watching the fight in washington if you will carefully. they will have to look and decide whether or not they