and importance of taxes, why can t we be more like him. now, a senior fellow at the senior of budget and partisan policy and msnbc contributor, good to see you. good to see you, ezra. has romney returned to anything like clinton s policies? anything there? far from it. if anything, he proposed and quite explicitly, a return to the policies we society with the george w. bush part of the experiment. that s the experiment that works off the trickle down supply-side notions, the idea if you cut taxes sharply for those at the top of the scale, that will create enough growth and economic activity not only to offset your tax loss but uplift the lower class and middle income people. as you very carefully took us through just then, it doesn t work on either one of those counts.
senior of budget and partisan policy and msnbc contributor, good to see you. good to see you, ezra. has romney returned to anything like clinton s policies? anything there? far from it. if anything, he proposed and quite explicitly, a return to the policies we society with the george w. bush part of the experiment. that s the experiment that works off the trickle down supply-side notions, the idea if you cut taxes sharply for those at the top of the scale, that will create enough growth and economic activity not only to offset your tax loss but uplift the lower class and middle income people. as you very carefully took us through just then, it doesn t work on either one of those counts. your tax charts show amazingly, when you cut tax rates, tax
were killed when gunmen fired on a check point. representatives from around the world are meeting right now in london to discuss somalia. the country has been mired in war and famine for more than 20 years. british prime minister david cameron is hosting the meeting to promote a global resolution to the situation. i m max foster, world business today starts right now. good morning from cnn london, i m charles hodson. and good evening from cnn hong kong. i m pauline choiu. this is world business today, the top stories this day, japan appears willing to lend a hand to europe despite its own daunting debt pile. a falling out at the top of the gambling empire, bribery allegations drive two long-term business partners apart. a stampede into lin sanity. one company had the financial for site to buy in two years ago and has walked in with a bargain. they re not soaring and they re not slumping, but there is a perceptible lethargy on the markets as investors say tuesday
another one that jumps out, failure to pay taxes. fellows, i don t know how you cut it. he s got to step down. ron, what s your opinion. i agree with you, ed. i think if the pattern of behavior that was demonstrated by congressman rangel, ifรง me you or bill press had done some of the things he s alleged to have done, they would have arrested us and put us in jail. the irony is mr. rangel was the chairman of the house ways and means committee, charged with wright our nation s tax loss. he should resign for the good of the congress and the institution. bill, what do you think? this pains me too because he s been a friend for a long time. these are serious charges. clearly he got careless, reckless. he abused his position. i think for his own good and for the good of the congress and the good of the democratic party, he ought to do the right thing and step down. talk about draining the swamp, this is nancy pelosi responding to the rangel situation. mr. rangel s going to be goi