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let s take you through what today will look like. the current prime minister, liz truss, held her fourth and final cabinet meeting starting about an hour ago. she is due to make a statement outside number 10 at around 10:15, before travelling to buckingham palace for an audience with king charles. after this, rishi sunak will head to the palace, where he ll be invited to form a government. then it s back to downing street, and the new prime minister will address the nation at around 11:35. and over the next 2a hours, we can expect to see a trickle of cabinet appointments which will start to shape what rishi sunak s government will look like. of course, not just of course, notjust appointments, but the message too. what is the message is likely to be when he appears at the podium which is just being put up behind us? first of all four at liz truss, then for a rishi sunak later on. keeping us company throughout the morning as we follow these events is nick eardley, our ch ....
Their own legacy. it is going to be very hard for liz truss to do that. she might talk about national insurance, the fact they reversed the rise. she might talk about energy costs and the fact a cap was put on the price. but let s face it, the big things that liz truss wanted to do seven weeks ago, growing the economy, bringing tax down, rewriting the economic rule book, they have not worked and this premiership is ending in failure. i5 premiership is ending in failure. is there any element of sympathy on a personal level for her to there is lots of anger, given that people say she put in place policies that caused turmoil for the country, let alone the interest of the conservative party. is there any sympathy on a personal level for what he has gone through? yes. sympathy on a personal level for what he has gone through? yes, i think there what he has gone through? yes, i think there is. what he has gone through? yes, i think there is. some what he has gone through? yes, i think ....
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Obamacare next year. gregg: pat? it is a potential game-change your and the reason is it but democratic incumbents who voted for the law in the question of, were you part of the misleading of us or will you take the tax down, if pressed on it. it is hard, an issue that galvanizes to the other side and races like virginia where allen has had a hard time fighting a campaign against the former chairman, of the dnc, tim kaine, and that changes the race and in may, tim kaine, who everybody says he ll win and is supporting obama and now the question, it gives openings republicans didn t have in some places. gregg: ed, how would you handicap the senate flipping. there is a great chance and most seats are open seats and clair mccaskill in missouri will be in trouble, a democrat. and, that is an issue that will work and i think we have a real opportunity to do it and hold the house and can win the presidency and can win this. gregg: can we put up the electoral map, really fast? mitt r ....
that is so scary. it s 91%. and that was the eisenhower years but he transitioned out of that. right, it continued on. i think it was a 91% rate through 1963. the marginal tax rate at the top was 94%. for the top wage earners in this country. actually can you imagine? to be fair and balanced, the richest people in america are paying less taxes if you equate it with time as well. they paid the 400 highest income earners averaged $345 million. they paid 17% tax down from 26% in 1992 so it appears to be doing this and then that brings you back to the argument of eventually you have to go to the middle class to try to make up all the revenue if you want to go along with the president s plan. that s why both sides agree there should be tax reform and they should find a way to go on that rather than saying these are the bad guys. these are the good guys and that s where i thought we were heading into that speech last ....