Raising taxes on the rich. And whereas before we would think revenue was an open question. However you could get about raising that money to get president off rublicans box on raising taxes on rich. He says again, i do not see any other way around it, and anything that comes close to raising amount of money you could raise, simply returning to the clinton era tax rates. That could explain this. Look at wall street today, a huge downdraft, continuing what has been a 6 slide, in the markets, since the election last week, charlie gasparino, on all of this. What do you make . I think this is bad stuff. If the republican cave, which i dont think they will, ill tell you why later, and they give in market hates it, you talk about raising taxes on rich that is Small Businessa file as individual the tell you that is never of Small Business 97 of Small Businesses, dont get affected by this but they employee most people in the country. Were not talks the freelance writers that call themselves a S
Raising taxes on the rich. And whereas before we would think revenue was an open question. However you could get about raising that money to get president off republicans box on raising taxes on rich. He says again, i do not see any other way around it, and anything that comes close to raising amount of money you could raise, simply returning to the clinton era tax rates. That could explain this. Look at wall street today, a huge downdraft, continuing what has been a 6 slide, in the markets, since the election last week, charlie gasparino, on all of this. What do you make . I think this is bad stuff. If the republican cave, which i dont think they will, ill tell you why later, and they give in market hates it, you talk about raising taxes on rich that is Small Businessa file as individual they tell you that is never of Small Business 97 of Small Businesses, dont get affected by this but they employee most people in the country. Were not talks the freelance writers that call themselves
Right now, it now heads to the house of representatives issue were expecting they have enough votes to join with what is to be a near unanimous Democratic Caucus in the house of representatives to get it passed. Now they have to work ough worka budget deal by december 15, i have to tell you, i cant imagine it is going to have great expected they will reach a budget deal. For now that increasing the debt ceiling to february, then treasury will use measure take that perhaps a few more months, it funds government fully until january 15. Officially send it to the house where were expecting it will pass. Charles i like the phrase, we could debate that at a later time. Unfortunately that seems the theme, that everyone is getting sick and tired of. We are kicking this can three months down the road. Reporter you will have this debate, and open up the same issues. That we had for months and years, that republicans want to make changes to entitlement program, and democrats defending. And democr
Right now, it now heads to the house of representatives issue were expecting they have enough votes to join with what is to be a near unanimous Democratic Caucus in the house of representatives to get it passed. Now they have to work ough worka budget deal by december 15, i have to tell you, i cant imagine it is going to have great expected they will reach a budget deal. For now that increasing the debt ceiling to february, then treasury will use measure take that perhaps a few more months, it funds government fully until january 15. Officially send it to the house where were expecting it will pass. Charles i like the phrase, we could debate that at a later time. Unfortunately that seems the theme, that everyone is getting sick and tired of. We are kicking this can three months down the road. Reporter you will have this debate, and open up the same issues. That we had for months and years, that republicans want to make changes to entitlement program, and democrats defending. And democr