cut costs which means labor and which means jobs. we ve seen it time and time again, no reason we shouldn t see it now. brenda: mike. two things, tax revenue collected by the federal government as a total percentage of total revenue is at the lowest level in history and it hasn t done squat for creating jobs. corporations are simply keeping the profits. brenda: two things. number two, sings i hear all of these people complain about it. brenda: you re right, okay. we find out they haven t been paying any taxes to begin with, and that s why they re complaining. mike s wrong again. the problem with this, with this plan is the idea that he s going to end up taxing foreign revenues and hit our multi-nationals, companies like mcdonald s, coca-cola and prevent hiring down the road. brenda: jonas, even you have some questions about this. i have some questions, the overall content of lowering the corporate tax rate which we need to do to be competitive. brenda: they re not
minute ago, this is like a greatest hits compilation, you see things like let s put the bush tax rates and wind back the tax cuts for the wealthy people and limit their deductions and cut back for the cuts for multi-nationals. this year they went further, they said let s make the wealthy pay ordinary rates on identify depends instead of that 15% rate. what is interesting about that, that is the main reason why some millionaires pay lower taxes than others in the middle class. this is the mechanical way had that you get to the so-called buffett tax. what is interesting, is that they continue to talk in grand visions of a buffett tax to make sure that millionaires pay a they are not sure how to implement the buffett tax, they admit, the example of just right
where are those jobs? let me show you how it breaks down. of the 243,000 jobs that were created, 257,000 jobs were created in the private sector. that s where everybody wants them created. you subtract the jobs that were lost by the government, 14,000, and you end up with that number, 243,000. let s talk about this with diane swonk, a chief economist, and with will cain and my good friend richard quest. what a treat to have all three of you with me in the studio. diane, these numbers are very strong. there s a disconnect between what some of our economic numbers and forks say and what the american consumer has been feeling. the american consumer has been telling us they have been feeling a little more energized about this economy and nothing helps them more than jobs. absolutely. this number is good and i want to underscore any way you cut the data, there s noise in it. you can take away some of the noise. we had people playing golf in chicago in january. that just doesn t
neil ferguson, kishor and wada. also, how in the world did one of the world s greatest sellers in the global bazaar lose its mojo? i ll explain. first, here s my take. president obama spoke forcefully in his state of the union about the importance of reviving manufacturing in america. if you talk with economists, they ll tell you it s a very complex problem involving tacks, trade, regulatory policy, exchange rates, educational skills. it is all those things, but when you move from high level policy to specific cases, you will often find within element that is rarely talked about. a government s role in boosting its domestic manufacturers. in a front page story last week, the new york times detailed how apple s iphone ended up being made outside america. the times wrote about the apple executives who visited a factory in china to see if it could cut the glass precisely for the phone s touchdown screen. when the apple team got there, the factory owners were already construc
right folks door mexico s war is not making big headlines in the united states and seemingly getting little attention, if any, from the obama administration. we are joined by phone from mexico city. nice to talk to you, sir. tell me, what is the latest? i m reading the violence is now spilling into areas tharpe considered safe and posh and nice and all sorts of things where they never saw it before. well, a few days ago it was reported and we saw on the news horrific image. it was of a burned-out s.u.v. in one of the entrances to the very up-market shopping center in mexico city. this is also a place where many multi-nationals based in mexico city have their corporate headquarters, as well as banks. they decapitated bodies of a man and a woman in their 30s. there was a note by the s.u.v.,