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They fail to stand up or condemn the threats to democracy. That was part of President Bidens speech yesterday in arizona focused on the threats to our democracy, the former president and the Maga Movement. Well have much more on his remarks including his most forceful and direct criticisms yet of donald trump. Speaking of the former president , his defense team made a Surprise Move in the Georgia Election interference case. Well explain that, and well have the latest from capitol hill on any last ditch efforts to prevent a Government Shutdown before sundays deadline. Good morning and welcome to way too early on this friday, september 29th. Im jonathan lemire. Thanks for starting your day with us. A busy d ....
Something for the country. it s his job now. it s his job. and it s his you hire people to fix things. and by the way, he knew what he was getting into. he was there on september 15th. he knew what he was getting into. he was the guy after that who said, if we haven t turned things around in three years, vote us out. so all of this talk about hey, i had no idea it was going to be this bad, that s kind of like telling evel knievel before he s going over snake river and you found out that it doesn t have what it takes to get over, hey, let me do that and then get halfway over, man, i didn t know it was that tough of a job. if you re going to cherrypick things like the auto bailout look at the totality of the record. he got big things done. no question that barack obama got big things done. the stimulus, $826 billion passed february 2009. health care reform they talked about as an economic recovery plan, passed in march of 2010. democratic congress, had a mandate from the 2008 elect ....
Cuts for people at the very top. i believe the wealthy in this country have a responsible to help solve that problem. reporter: so does president obama who intends to raise taxes for singles making more than $200,000, couples making more than $250,000, which will bring in $826 billion more over ten years. the critics warn tax increases can be counterproductive, especially those the president wants on investment income, because they can slow down economic growth. the only way the government revenue can go up in real terms is if the economy grows, the tax base grows, there is more people working. there is more profits for business. larger payroll to be taxed. reporter: president obama plans to push the capital gains tax rate from 15 to 20% and healthcare reform on top of that adds $3.8% medicare surtax on all investment income including dividends. anytime the government raises taxes on savings and investments like they are with the new medicare tax, you are going to have less s ....
Lev knew the government take revenue the government takes, in it won t be enough to cover all the plans for federal spending. reporter: president obama s counting on doubling federal revenues in the next decade, so the search for cash is on with the first ever coming at the end of this year, when the president will have part of the bush tax cuts expire but reinstate others. given the serious longer term fiscal problems the country faces we just can t afford to continue the tax cuts for people at the top. i believe the wealthy in the country have a responsibility to help solve that problem. reporter: so does president obama who intends to raise taxes for singles making more than $200,000 a year and couples making more than $250,000, which will bring in $826 billion more in ten years. the critics warn tax increases can be counterproductive, especially those the president wants on investment income because they can slow down economic growth. the only way the government revenue ....
Take revenue the government takes, in it won t be enough to cover all the plans for federal spending. reporter: president obama s counting on doubling federal revenues in the next decade, so the search for cash is on with the first ever coming at the end of this year, when the president will have part of the bush tax cuts expire but reinstate others. given the serious longer term fiscal problems the country faces we just can t afford to continue the tax cuts for people at the top. i believe the wealthy in the country have a responsibility to help solve that problem. reporter: so does president obama who intends to raise taxes for singles making more than $200,000 a year and couples making more than $250,000, which will bring in $826 billion more in ten years. the critics warn tax increases can be counterproductive, especially those the president wants on investment income because they can slow down economic growth. the only way the government revenue can go up in real terms ....