created in america went to the top 1%. well, chris van hollen, the democrat who requested the report said the top 1% get 17% of all tax breaks. douglas holtz-eakin responding tweeting cbo report potentially a distraction from actually solving the spending problem. republicans may look at the report this way. the amount of dollars in paychecks for bottom earners, almost 12% comes from a tax break. for tax earners, just under 10% come from tax breaks. low income earners reap tax benefits as well, just not in the same extremes. we ve been talking about reform of the tax system for a long time, but nothing so far. thank you very much, richard. that s going to wrap up this hour. i m chris jansing. thomas roberts is up next. hello, thomas. good morning, everybody. our agenda next hour, poisonous plot. new york city mayor michael bloomberg ricin-loaded letters and what they say about the
washington. speaker boehner today hold reporters the president is in la la land. then he presents a counteroffer based on the mythical dynamic scoring system that saves money through projected growth. who is actually living in la la land? yeah, this is really extraordinary. and the republicans are not living in the real world. consider what we re thinking about, what we re talking about right now. obama, who won the election with an overwhelming electoral college mandate has put forward exactly what he campaigned on, which is sensible tax reform allowing the top 2% of the tax of rates to increase on the top 2% of tax earners and spending cuts. we ve had a trillion in spending cuts already, $800 billion additional in the drawdown from the war efforts in afghanistan and iraq, and then a number of spending proposals that obama put on the table in august of 11. consider that against what republicans are doing, and this shows that republicans are really chicken hawks when it comes to r
chairman mark meadows. he has little concern about the possibility of 1/4 bracket for high tax earners. i am against having a top rate. were going to do that then we need to just admit that it is at times that having a top rate for those that earn $1 million or more is maybe a political reality but it does not necessarily boost the economy. so right now with the brackets the plan would take it to three but in order to do this there is a possibility of 1/4 tax bracket progress actually for free. people forgive ashley have four rates now. is zero 1225 and 35. there has been discussion mostly on the bill about ending the top bracket. what you said the white house is that we are it is not a big piece to us. if they have to add this for tax reform that s fine. if not that s great too. it is not driving is of the white house. high taxes depress economic