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That was under clinton s first term where things didn t go that well. it was in the second term that they went well and they cut capital gains taxes. is that what we re for now? wait a minute now. if you take the eight years of 22 million jobs created, when the tax rate was at 38.6%, the fact of the matter is we have been down that road before. when i m answering your questions, giving you a direct answer, if you ask exactly what do you think they should pay, you got the number. but, remember, the bulk of the job creations and all that was in the second term of clinton and he had dramatically cut capital gains tax which helps spur a lot of growth. let s get back to, if i may, why doesn t romney offer specifics on where president obama is lying to the american people about his tax plan? well, i agree he should do that and i also agree he should fill in those details. that s why you make it easy for a tax foundation to make up details. he should fill them in. and he s got to do t ....
Have to phase the stuff in. if you cut too much now, you depress a struggling economy. struggling to recover. i think it s a bad idea to cut too much now. governor, let me ask you a question. there s a certain wing of the republican party that claims that the bush tax cuts that if you go back to the tax rate prior to the bush tax cut, it s a tax increase. is that your view? yes, it is. how can it be? we have tax rates now. the highest marginal rate is 35%. it goes to 38.6%. when you pay more in taxes it s an increase. it s simple. the rate is here. it s going to go to there. you are saying well, it used to be there. it s not an increase. it doesn t make sense. like food sales, one day only milk is $3 ....
ruth is my friend and i understand shi wasn t a big fan. not at all. she said this is the very definition of fiscal insanity. trillions of dollars in additional tax cuts are the last thing the country needs. not just insanity, on fairness as well. million dollar earnings would get 38.6% of the benefit of the tax change. it s a proposal for a macro economic strategy. it s not a budget submission. talk about what it might do to the deficit is a little bit offset. it doesn t take into account spending reductions. that is a difference from the days when i was a supply ciders up there and we just cut taxes. we didn t talk about cutting spending. governor pawlenty has specific proposals for cutting spending and is dedicated to fiscal responsibility. he is pointing out we have a problem with growth in this economy. $800 billion of stimulus and quantityive easing by the fed it s left the listless economy unemployment and underemployment ....
Detailed text transcripts for TV channel - MSNBC - 20170504:08:58:15 comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.
Detailed text transcripts for TV channel - MSNBC - 20170504:03:58:15 comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.