joe biden i think in his life, has he ever been in the private sector except for maybe a few years dealing with the law firm, such as incredible this language that we are hearing. we learned the definition of the democratic definition of fair share is more. one of the greatest now, it is more. he talked about people didn t pay any taxes but the top 1 percent are into this foundation is about 30 percent of all the tax and is just more, democrats want the demagogue against the rich and just go for more nest going to her people lower down the line. the marriage tax penalty as you pointed out the disparity between the 400 in the 450,000 is pretty big, that is going to hit people right so don t think it is good move for the democrats to do this i know they have not final yet, some of the issues like salt and state and local tax distractions, there have to be sorted out in my mind it will probably.
it lowers marginal rates from 39 to 35. a lot of conservatives want it lower than that. you keep a progressive tax rate 15 and 35. but it also increases the deficit by a lot, by billions of dollars in the first five years and takes even with dynamic scoring, and i don t want to get into that, it could take over a decade before it rights itself. do you think this tax plan can withstand scrutiny? i do. this is a pro growth, pro family tax reform. one that dramatically simplifies the code. at a time when americans have experienced their annual tax day. at a time when our tax freedom day gets pushed out further and further. the american people are tired of a tax code 100 years ago was a hundred pages long and is now 75000 pages long. they are ready for tax code simplification. my plan would get rid of the marriage tax penalty which is a concern to many people. gets rid of the parent tax penalty and would provide a new child tax credit to get rid of
lower than that. you keep a progressive tax rate 15 and 35. but it also increases the deficit by a lot, by billions of dollars in the first five years and takes even with dynamic scoring, and i don t want to get into that, it could take over a decade before it rights itself. do you think this tax plan can withstand scrutiny? i do. this is a pro growth, pro family tax reform. one that dramatically simplifies the code. at a time when americans have experienced their annual tax day. at a time when our tax freedom day gets pushed out further and further. the american people are tired of a tax code 100 years ago was a hundred pages long and is now 75000 pages long. they are ready for tax code simplification. my plan would get rid of the marriage tax penalty which is a concern to many people. gets rid of the parent tax penalty and would provide a new child tax credit to get rid of that penalty. do you have a favorite among the three? i really like all three of my
dollars in the first five years and takes, even with dynamic scoring, and i don t want to get into that, it could take over a decade before it rights itself. do you think this tax plan can withstand scrutiny? i do. this is a pro growth, pro family tax reform. one that dramatically simplifies the code. at a time when americans have experienced their annual tax day. at a time when our tax freedom day gets pushed out further and further. the american people are tired of a tax code 100 years ago was a hundred pages long and is now 75,000 pages long. they re re ready for reform and tax code simplification. my plan would get rid of the marriage tax penalty which is a concern to many people. gets rid of the parent tax penalty and would provide a new child tax credit to get rid of that penalty. do you have a favorite among the three? i really like all three of my senate colleagues who are running for president. i intend to be a supporter of all three as i can. what do you say to the
deal was. bob: this is not a grand deal but obama did win. he got what he wanted to get done. in the end, he had less trouble with the caucus than i thought he would. real trouble two months from now when they have a spending problem. only thing they can deal with is entitlements. that is laid town clearly in the caucus. not willing to go along with any alteration in social security. that is a problem. how much infighting there is now among the republicans. eric: not much on the table here. eric: meaningful spending cut. tax increases through the list, payroll tax holiday expires. tax for people making over $400,000. dana: marriage tax penalty as well. higher end marriage penalty added back in that people didn t know about. i would describe it as a bad deal. but not as disastrous as it would have been if there would