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They re actually talking about tax entitlements. they re giving entitlements to people who don t deserve them. and there is this strain that seems to be running threw this place that there are unworthy americans who are lazy and shiftless and don t want to work. they don t want to admit the fact which would be for example on snap, that the majority of people who receive snap benefits are elderly and children. right. and he s talking about work, i mean, you want a 95 year old person to work? let me throw out a couple of numbers. 138. that is, those are the number of days that the 213 congress has worked. we re not working. and there is plenty to do. we have no transportation bill. the transportation bill would create real jobs for real people. and they need to stop this attack on people who are poor. i don t know anybody who enjoys being poor. i used to live in public housing. everybody i knew in public ....
Spending. on the revenue side, trying to increase the money, which the ryan plan doesn t touch at all. it goes from 35 first to 25%, 10% in one place. the ryan proposal said this is made up from tax entitlements. another fantasy. 90% of tax entitlements are on mortgage interest, untouchable politically. even from the revenue side, it just doesn t add up. i am not turns out a company man, and he supports a president as he gets into 2002, the main argument for stimulus. a vp, support his if he s a company man, i m sign. out butt an ayn rand, philosophical, ideological, brain behind the new economic theory, that seems when we look at the actual plan to the to be true. not really a deficit hawk, just ....
personal returns. joining us now live, congressman steve king, a republican from iowa and member of the tea party caucus. good morning. good morning. the president wants to keep lower taxes for 97% of americans, the treasuries department s office of tax analysis for the tax year 2007, under bush, 3% of all tax returns were for incomes over $250,000. explain the view that obama s proposal would hurt. walk me through it. i recall back when the bush tax brackets were first implemented, a decade ago. the argument was how do you give tax breaks to people not paying taxes that s a number approaching or exceeding 50%. the lowest bracket would receive a 50% tax increase if the bush tax brackets were allowed to expire. i think this is just another one of the class pieces the president has done, dividing people along whatever lines he can demographically to how is that class envy? i m sorry. you say this is a class envy play by the president. what do you mean? i ....
longer the elephant in the room, governor rick perry announces he s joining the republican party for president. he may be the republican front-runner but he was not feeling the love at the iowa state fair. he got heckled and laughed at over three words he said, words he may come to regret on this american morning. captions by vitac www.vitac.com ing. oh, thank got it s friday. wait a minute. i ve got to move my stuff. good morning. happy friday to you. it s august 12th. welcome to american morning. up first, texas governor rick perry, the elephant in the room, is about to go on for 2012. perry says he s ready to toss his 10 gallon hat into the ring. we re going to have an announcement at 1:00 eastern time over in south carolina and then hop in an aircraft, come straight to new hampshire, and i hope you ll be watching your television set and listen to however you re picking it up on the internet or whatever. we ll have our announcement to give our int ....
Income tax rates there s the issue of exactly how much complicated underbrush is there in the tax code that favors the rich. that s precisely right. i was on deficit commission in the mid 90s when alan greenspan testified and he said if you want to look at entitlements, you have to look at tax entitlements and ronald reagan s economics adviser said the most wasteful spending in the whole budget is special tax breaks in the tax code that are effectively subsidies we give out through the tax code. does the ryan plan get a dollar for deficit reduction from closing egregious tax breaks for oil companies or corporations that ship jobs overseas or wall street traders who manipulate the rules to pay taxes at lower rates than you are or i do? ....