matt mccall, penn financial group, llc, and charles payne. fox business network. welcome to you. what are companies doing now? companies are doing variety of things. big companies are trying to shift full-time workers into part-time workers. some of that has gotten serious negative backlash. the most infamous case if you will, darden, owners of red lobster and olive garden it. was interesting . bill: what did they do? in a recent filing, the media, not the public reaction but the media s handling of moving workers from full time to part time that actually hurt their business. in other words the need yaw saying darden doesn t have a heart. red lobster doesn t like people, that kind of thing. they actually had to put a freeze on it. there is no doubt these kind of businesses will not absorb this without taking a lot of full-time workers moving them to part-time. employees will have to work less than 30 hours and be
potential tax hikes for every american what do we know about this possible bill? not much, and may be more importantly if it passes, what does it mean for your wallet on january 1st, that is if we fall off the cliff. matt mccall is president of penn financial group llc. the irs is today notifying employers on how much they will have to withhold from their employees checks. let s go through each and every one of these tax increases if there is no deal, and we dive off the cliff. let s begin with the first one. marginal income tax rates ric rice for nearly everybody in america. over 90% of americans will be hit with higher taxes, and everybody talks about the wealthy getting hit the hardest. what i find fascinating is two-thirds of americans that make less than $20,000 a year will get hit with higher tax rates which will equal a gain of close to $600 more per year in taxes. if you re making let s say $18,000 you could get hit with
that is better, but almost the same number dropped out of the workforce, that is not good enough for the nearly 13 million persons out of work. we have reaction from the speaker john boehner, reaction from the white house coming in right now as we start a new hour here. i m bill hemmer good morning. i m patti ann brown in for martha maccallum. governor romney said, today s increase in the unemployment rate is a hammer blow to middle class struggling families. president obama doesn t have a plan and believes that the private sector is doing fine. obviously that is not the case. we ve now gone 42 consecutive months with the unemployment rate above 8%. mid class americans deserve better and i believe america with do better. bill: will americans feel the same way come election day? willis anchor, matt mccall the president of penn financial group, llc.
states. show you pictures from wednesday when people came out and supported chick-fil-a. thousands upon thousands of people showing support for dan cathy s position on same sex marriage or his right to free speech. as you mentioned pushing the company to record-setting revenues that day. yesterday we dropped by one of the protest groups as they were getting ready for today s demonstration. making up signs they carry around on the sidewalks. they tell me this goes beyond what dan cathy says. that chick-fil-a s charitable foundation wind shape gives money to groups with anti-gay positions and actively campaign against gay marriage. i talked with the group s leader and asked her what she thought about the criticism heaped upon ceo dan cathy when see like jeff bezos of amazon are not similarly criticized for holding the opposing position? dan cathy giving his money to hate organizations is much different than am is amazon giving their money to support lgbtq
majority, 51%. republicans just 24% support same-sex marriage. all those demographics increased in the last four years. we should point out in addition to people coming out to chick-fil-as, patti ann, some local gay rights groups like equality new jersey are asking to call franchise operators of chick-fil-a, urging franchise operators to have a meeting with members of the group. we ll see how that pans out during the day. we re expecting action to begin here in 2 1/2 hours. right now nothing at this chick-fil-a in decatur. patti ann. patti ann: john roberts in georgia. bill: who knew this would go the way it went. when you saw waiting for chicken sandwiches four hours. patti ann: the lines went on and on. bill: we ll see which angle it takes and. there are new threats from iranian president mahmoud ahmadinejad. what he is saying. retired army general jack keane will join us on that. patti ann: one of the all-time baseball greats