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Detailed text transcripts for TV channel - FOXNEWS - 20190107:09:35:00

Plans to impose taxes as high as 70%. but once you get to tops on your 10 millionth dollar, sometimes you see tax high rates 60 or 70%, doesn t mean the $10 million are taxed at extremely high rate but as you climb up this ladder, you should be contributing more. heather: so is it fair to rely on the rich to fund the tax initiatives, joining me now to debate democratic strategists raúl avilar and republican strategists holly turner. thank you for having me. heather: raúl, i will start with you, what do you think about her latest comments? i think that her comments are one i think she thinks there are people that are in tax bracket that need to pay their fair share, i think that s what she s referring to and i don t think she s referring to taxing ....

Heather Childers , Tax Initiatives , Doesn T , 00 Million , 10 Million , RaÃl Avilar , Holly Turner , Tax Bracket ,

Detailed text transcripts for TV channel - FOXNEWS - 20190107:09:37:00

Capitalism compare today 51% that approved of socialism and you look at 2018, 51% approved of socialism compare today 45% that approved of capitalism, raúl. yeah, i mean, i think two different things, i think what s happening here is, again, people in this country feel like people need to have a fair shake and when you have 68 million americans working two and three jobs and they are not able to make a good wage to support their families, that s an issue, so i think that s what we are seeing here. now, i don t think that this issue is socialist issue, i think it s an issue about fair wages and fair tax brackets for everyone across the board. and i think that s what we are seeing. heather: when you re talking about taxings people up to 70% that s pretty close, holly. yeah, this is stifling innovation, it s punishing success. these people making that kind of ....

RaÃl Avilar , 68 Million , Tax Brackets , Holly Turner ,

Detailed text transcripts for TV channel - FOXNEWS - 20190107:09:36:00

Businesses or small businesses, that s something that we need to look at as country and the country goes forward. heather: holly. when you are taxing people that are making at the rate making $10 million or more, those are small business owners, yes, that s what she s talking about, they are llc owners and i can t even believe that we are still having this conversation, the american education system has obviously failed us, we are still having to talk about this, this type of socialism has never succeeded, it never will succeed, the only thing heather that i can see positive about this if you have a tax rate like that the democrats will have to support the wall because you will have to keep all the entrepreneurs here otherwise they are going to leave the country. heather: raúl that brings up the question, do young people, do they really understand what socialism is versus capitalism, let s take a look at gallup poll, back in 2010, 68 approved ....

Holly Turner , Small Business Owners , Llc Owners , The American Education System , 10 Million , 00 Million , Thing Heather , Tax Rate , RaÃl Avilar , Takea Look , Gallup Poll ,