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personal returns. joining us now live, congressman steve king, a republican from iowa and member of the tea party caucus. good morning. good morning. the president wants to keep lower taxes for 97% of americans, the treasuries department s office of tax analysis for the tax year 2007, under bush, 3% of all tax returns were for incomes over $250,000. explain the view that obama s proposal would hurt. walk me through it. i recall back when the bush tax brackets were first implemented, a decade ago. the argument was how do you give tax breaks to people not paying taxes that s a number approaching or exceeding 50%. the lowest bracket would receive a 50% tax increase if the bush tax brackets were allowed to expire. i think this is just another one of the class pieces the president has done, dividing people along whatever lines he can demographically to how is that class envy? i m sorry. you say this is a class envy play by the president. what do you mean? i ....
the best day of the year. and the best june in 13 years. lucky 13 i guess. why? well, we were touched by an angel. and considering how important europe is to american jobs and to this presidential election, the president was touched by an angel too. yes. yes, she is, the angel in this case is literal. angela merkel putting another band aid on the europe crisis that buoyed stocks around the planet. literally this started in asia and fell all the way through. this was pretty incredible news. she caved sort of. looks like they re about to kiss, doesn t it? european leaders today said they ll allow troubled banks to use emergency money from the european union. basically that means mostly german rescue funds. that s the truth of it. the bottom line, it means the money will get to the banks more quickly. helping countries like spain, whose crisis is threatening to break up the entire european experiment. now, the market celebrated, that s for sure. this is not the final solut ....
erin burnett, and outfront tonight, we have breaking news. stocks surged, and the best day of the year and the best june in 13 years. lucky 13, i guess. why? well, we were touched by an angel. and considering how important europe is to american jobs and to this presidential election, the president was touched by an angel, too. yes. yes, she is, the angel in this case is literal. angela merkel putting another band aid on the europe crisis that buoyed stocks around the planet. literally this started in asia and fell all the way through. this was pretty incredible news. she caved sort of. looks like they re about to kiss, doesn t it? european leaders today said they ll allow troubled banks to use emergency money from the european union. basically that means mostly german rescue funds. that s the truth of it. the bottom line, it means the money will get to the banks more quickly. helping countries like spain, whose crisis is threatening to break up the entire european exp ....
good evening. i m erin burnett. outfront, we have breaking news. this was a very, very big day. stocks surged. the best day of the year. and the best june in 13 years. lucky 13 i guess. why? well, we were touched by an angel. and considering how important europe is to american jobs and to this presidential election, the president was touched by an angel too. yes. yes, she is, the angel in this case is literal. angela merkel putting another band aid on the europe crisis that buoyed stocks around the planet. literally this started in asia and fell all the way through. this was pretty incredible news. she caved sort of. looks like they re about to kiss, doesn t it? european leaders today said they ll allow troubled banks to use emergency money from the european union. basically that means mostly german rescue funds. that s the truth of it. the bottom line, it means the money will get to the banks more quickly. helping countries like spain, whose crisis is threatening to ....