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Opinion and my lawyers opinion. Donald trump who still wants us to believe he can legally stash americas most sensitive secrets in a maralago bathroom was back in court today, requesting that the whole Criminal Case be dismissed. Also tonight, Vice PresidentKamala Harris makes an historic visit to an Abortion Clinic as republicans continue to push for a national ban. And i call this one. The big push to force a Chinese Company to divest tiktok would allow the far right maga crowd to swoop in and gobble it up, which now seems very possible. But we begin tonight with the lone exception to Donald Trumps petulant attacks against the judges and prosecutors in t ....
Have a fast and low-cost solution to this mess. what is it, doctor? well, it s good to be if you you, neil. the solution is to outsource the care to the private community, where care is given on a regular basis, and quite well. i brought statistics with me. i feel like mr. rove with his white board. i m glad we re talking about numbers because the va budget for this year was $152 billion. and there are about 6.3 million veterans that get their care through the va hospital. and they employ 280,000 people. you talk about bureaucraciys. and if you compare that to the medicare system, which costskñ?ñ $536 billion annualley and they provide care$xñ?ñ?ñ?ñ?ñ? to 50 n people, we re not talking bat money thing here. we re talking about a philosophy ....
A big jump up, on average about $14,000 additional. and for the highest wage earners, here are those numbers. $500,000 to a million, they ll pay an average of $34,000 more. and over a million? the irs will want $216,000 additional dollars from you on top of what you already pay in taxes. so that s the individual picture. here s the bigger economic outleak. outlook. if, in fact, we do go over the fiscal cliff, it means the economy s going to go down pretty sharply. we re talking about $536 billion in tax increases, $110 billion in spending cuts at the federal level all hitting during january. so this would be a major economic contraction in the economy. reporter: possibly a major economic contraction at a time when americans will have less money to spend because of the tax hikes. gregg: and people already think they re wasting their money. all right. thanks very much. ....
Have any agreement and all the huge taxes, $536 billion in tax increases, $110 billion in spending cuts happen pretty much all at once in january. jamie: for folks who are not professional investors but have their retirement account and hoping it will grow, when you see a selloff at the end of the year, what does that mean? people are getting their money out. well, they are. jamie: how does that affect our retirement money? a lot. remember what happened in 2008. people had to work longer because the retirement money wasn t going to last as long as it was. yes, there is new thing, because the capital gains rates are about to go up. people are selling this year to lock in the 15% capital gains rates. those will clearly go up. dividend rates at 15% probably will go up as well to at least 20% if not under current law, regular income rates as high as 40%. jamie: of all those things don t you think those are the two that may be compromised and negotiated and remain. i don t think, capi ....
That he expressed in his friday press conference that i think they can come back and get a deal. look, when you actually look at the numbers on this, they are not far apart as the president said, and they are about $60 billion or so, per year apart and that is something that can be easily overcome, i think the challenge for both parties, is the deal they are talking about, right now is the 2.2, to $2.4 trillion range and when look at what economists say is necessary, they are looking at a deal in the the 3 to $4 trillion range and, so i think the challenge now is going can the parties come up with a deal that is big enough so we are not back here having the same debate a year or two from now. heather: there s a couple of other scenarios and i want to toss it out to you, $536 billion in tax increases, touching nearly all americans, because of various federal tax cuts and breaks, that expire at year s end and $110 billion in spending cuts, divided equally between the military and oth ....