wolf blitzer, let me start with you. this is something that a lot of critics have said is a subject changer because we had real bad jobs news on friday and that just it riveted people throughout the weekend. is this an effort to change the narrative? it may be, in part, because the white house clearly believes this is a winning political issue for the president. he is going to make the point that for 98% of the american people, there will be no increase in their taxes. individuals making $200,000 or less a year. families making $250,000 or less, they will see no increase whatsoever. if nothing is done, everyone s taxes go up starting january 1st 2013, that s the so-called fiscal cliff. for 2% making more than that, they will go back to the tax rates that occurred during the clinton administration before the bush tax rates went into effect, 2001 and 2003. they will go back up to 39.6% from 35 or 36% right now. so, he will say these people can afford it. they will pay a lit
baltimore protest group discourage victim reporting sexual assaults to split. baltimore sun writes some people are alarmed by pamphlet to encourage people report ince don t the group s own security committee where it says counseling resources are available. it also says the group does not encourage police involvement in the community. a spokeswoman denies the pamphlet discourages people from calling the police but maintains is it trying to deal with all conflicts internally. as america tries to cut spending there is an outlay drawing criticism, involving our biggest foreign creditor. china. here is chief washington correspondent jim angle. reporter: china is one of the biggest economies in the world and grew 9% last year and has loaned the u.s. $1 trillion to fund deficits. at the same time, we are sending foreign aid to china, which the lawmakers of all
baltimore protest group discourage victim reporting sexual assaults to split. baltimore sun writes some people are alarmed by pamphlet to encourage people report ince don t the group s own security committee where it says counseling resources are available. it also says the group does not encourage police involvement in the community. a spokeswoman denies the pamphlet discourages people from calling the police but maintains is it trying to deal with all conflicts internally. as america tries to cut spending there is an outlay drawing criticism, involving our biggest foreign creditor. china. here is chief washington correspondent jim angle. reporter: china is one of the biggest economies in the world and grew 9% last year and has loaned the u.s. $1 trillion to fund deficits. at the same time, we are sending foreign aid to china, which the lawmakers of all
tax issues and we ought to let people bring the money home, the only country in america, in the world, where americans are taxed double on overseas issues and if we can bring some of that money back and maybe get rid the corporate tax on profits, capital gains tax for a year or so we would generate millions and millions of jobs in a very short period of time without all of the things that people are talking about that would just cost us $1 trillion. what if the president were to say, tom, that, look, i m willing to talk turkey with you. i would allow that $2 trillion or $3 trillion, whatever it is, you know, that is just sitting abroad and allow it to come home with no tax implications but you have to hire people. what would you say to that? what would your members say to
should we focus on getting out of debt, so we can target the money you fell should be targeted to bigger causes? guest: we did have options. we have the option to eliminate a tax cut for the wealthiest americans, and it will cost us $1 trillion, that is an opening we have not taken. neil: but if we lifted the top tier to 100 percent, all of it, we would still, we would still have a deficit that would be reduced by half what it is, maybe $750 billion, so i can only get so far hiving people s taxes. guest: $1 trillion is what that would take so there is in excuse for lowering tax rates from 35 percent to 25 percent. neil: you are talking about paul 89. guest: i am.