require presidential candidates to release ten years of tax returns, something that democratic candidate elizabeth warren has already done. the even bigger tax problem that donald trump has for his re-election campaign is that the democratic proposals for taxing the super rich are super popular. according to a new poll, a majority of voters, including republicans, support elizabeth warren s 2% tax on wealth over $50 million. 75% of democrats support it and 51% of republicans support it. and a majority of voters approve of congresswoman alexandria ocasio-cortez s proposal to tax income over $10 million at 70%, which is double the current tax rate for income over $10 million. senator bernie sanders is the newest entry into the democratic field of presidential candidates and he is proposing higher estate taxes on the super rich. president trump attacks all of the candidates ideas about how they would spend the money that their new taxes would raise,
world to fix it so it s time, neil. it s time to have a real discussion with the people in new jersey on the changes that need to be made in order to shrink the cost of government rather than just looking for ways to find money. look, we ve cut taxes. we cut the estate tax. the democrats did that, neil. the democrats were proud to do that. we raised the threshold in retirement income taxes so that in a couple more years 90% of our retirees won t be paying taxes. during the christy administration we cut business taxes by $540 million. you know, most importantly though we have to recognize that new jersey has an image problem. it s a tax problem. i had a situation the other day i was talking to a woman who didn t know who i was and she said to me, we re just small talking and i said how are you doing? she says i ve got one more year and i can t wait to get the hell out of here. i ve spent my whole life in new jersey my kids moved out they won t come back. neil i m hearing this over and o
it could add to the national debt. i want to take a look at something you said earlier when you were a member of congress and then we ll talk about it. take a look. we should be in the united states senate today and next week talking about how we are going to put together a blueprint that makes sure that we do not continue to borrow from countries like china, that we do not continue to enslave our children with the debt that this country is accumulating. and we know that if we do not address this, that the greatest country in the world will go bankrupt. and we do not have a tax problem in this country, we have a spending problem. would you have voted for this tax bill? kasie, i have to till you probably should have also looked at my speeches where i talked about us having the highest corporate tax rate in the
them criticizing that idea now. your first $24,000 is without tax. melissa: this idea, it drives me nuts when i hear people in washington say we re going to pay for these tax breaks. by shifting the tax burden to someone else. i would like to pay for me keeping more of my own money. our people in washington spending less? are we doing that? it s the people s money, it s not the government s money. when reagan went into effect, we had $100 million in additional revenue. when the john f. kennedy tax cuts, the same. it increased revenue. congress continue to spend more. we do not have a tax problem, we have a spending problem. we do not text too little, we spent too much. the way to address our debt is to cut back on our spending habits. melissa: what do you think it is the likelihood that that might happen? if we do go and cut taxes and we
conservatives are going to like. shannon: quickly, there are people who say they ve forgotten about cutting spending. hello. washington doesn t have a tax problem. it has a spending problem. if they had begun with that at the very beginning, this whole process would be easier. shannon: gentlemen, we have to leave it there. chris and i will get back to you on that, charlie. i like that hello. shannon: all right, hello and goodbye. gentlemen, coming up are going to have the latest from the president s visit to south korea coming live. stick around whoooo. i enjoy the fresher things in life. fresh towels. fresh soaps. and of course, tripadvisor s freshest, lowest.