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Let s keep the tax policiesra tt will generate job creation. especially now. the thing is, charles, i m not saying if we move it to ch39%, that top tier, which we had in the 90s when the economy just absolutely exploded, i m not saying that socialism. i m saying that s a hell of a lot better than it was in the 70s and 80s. i m saying when we have 15% real unemployment, now may not be the time to raise taxes. i think that s part of the problem. the other part of the problem is that it can t get any real traction even with democrats. you have to look at it this way, we have big city democrats, manhattan, you mentioned manhattan. all across america, if you looked at the map, voter turnout, demrats make big money. it hits a lot of people who are barely scrambling. they call them henrys, high earners not rich yet. the henrys are not really witch. ....
Very severely undermined not only by the long term debt outlook but short term things you re talking about. for example we re going in the beginning ever 2011 to much higher tax rates for high earners. that s supposed to be the rich, right? i call them the henrys but the point is these aren t rich people. these are small businesses that file personal tax returns for their businesses. half of all small business income is taxed above that rate on personal returns. therefore, companies are looking at the fact that a big increase in their cost. now they have to pay in 2014 $2,000 for every employee they don t insure for health care cost, right? so what people do, what companies do in tough times the easiest thing to cut is labor. this is the difference between us and europe. in europe it s hard to cut labor. in the u.s. it s easy. ....
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