democrats who want to make the buffett tax happen this year. but is that just election year rhetoric? i think it is. i think it s going to be hard to find the votes for this in congress. you re not going to see a single republican crossing the line to pass this. i don t think anything will happen until people have to take action and that s not going to happen until after the election happens. again, despite the fact some democrats say this is the right plan, in the past, they haven t passed such tax increases. so, what do you think, if the president gets re-elected, does the environment in which to accomplish things, does it become better even if the house and senate don t change hands? i think analysts would say you might have to have a scenario in which the bush tax cuts e pyre, in which congress doesn t get to together, so they re forced to do something unless they want to let the
instrument. you re going to have to pay 30% regardless of how your tax bill comes out, but it doesn t clear up the under brush of deductions, credits and everything else and tax experts say that s very important in terms of just making a cleaner, better tax code. it s something barack obama has called for in the past, simplifying the tax code. this means you re going to have to come back and go through this again. it s complicated. it is. the attacks on mitt romney are really taking a toll on his standing in the polls, but there s one poll in particular that could point to big trouble for him. and a focus on the white house most influential lady since 1900. we ll share.
taxes go up for everybody. it s not the worth thing. it s not going to be good for poor families, but it does raise a lot of revenue. his current plan to raise taxes only on the rich, it doesn t raise that much. $1.5 trillion over ten years, which is a lot of money, but it doesn t actually solve the deficit problem. if the bush tax cuts entirely expire, it does that. a lot of folks in congress think that would be too much of a burden. i ve got a lot of stuff here highlights and there are tax experts who say the changes are like using a baseball bat with a scalpel. is it too complicated? essentially, a tax expert looking at this plan to say if you make more than $250,000 a year, you re going to see your tax rates go up and you re going to see your expenditure, your credits and deductions, those are going to be lowered. if you make more than a million dollars a year, there s going to be a new 30% instead of one