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Clearly something that he wants now as well. he s not going to have that. martha: that would seem a recipe of some kind of getting together on this and trying to be hopeful. well i hope so. i m very, very hopeful about what is going to happen, martha. i think this was the election not to win. we have the 2013 tax mageddon that will lead to a very sharp drop in economic activity. looking at 2014 i m very excited about how the elections will turn out there, and 2016 will be the equivalent of 1980 and we ll have enormous prosperity in america. i continue be more happy and more optimistic than i am. this is obama s day, he won and the democrats did pretty well, and, frankly it s their game, and it s the only game in town. but i hope they go with the simpson-bowles flat tax and spending restraint and sound money free trade. martha: do you think obama will go for real tax reform. no, i don t. martha: a flat tax provision. no. martha: or he will allow ....
Where tax-mageddon begins. well, here is the challenge. president obama has opposed all efforts to permanently extend the alternative minimum tax patch, the bush lower tax rates from 2001, 2002, expensing for businesses, and then he added to all of those pending tax increases the 20 different tax increases in obamacare. so, he created this moment, january 1st next year, just 100 days away. if he gets reelected, 500 billion dollars of taxes take place automatically because he has refused for eight years to make nos, four years to make those permanent and he says, he wants to make some of them permanent, he says. but here is the interesting thing. he never acted to make any of them permanent ever. ainsley: for the folks at home who don t know where they ....
And. clayton: your e-mails and tweets. friends@fox news, ff weekend, coming up the holeiest day for the jewish faith coming up, rabbi joseph patasnick is here. i messed that up. ainsley: and we re days away from a largest tax hike. who will be caught in the cross hairs of tax-mageddon. whoa, look at all those toys. insuring that stuff must be a pain. nah, he s probably got. [ dennis voice ] allstate. they can bundle all your policies together. lot of paperwork. actually. [ dennis voice ] an allstate agent can help do the switching and paperwork for you. well, it probably costs a lot. [ dennis voice ] allstate can save you up to 30% more when you bundle. well, his dog s stupid. [ dennis voice ] poodles are one of the world s smartest breeds. ....
We are, there are people who walk around with all kinds of, you know, grievances and all kinds of gripes and say, that s me. and jewish tradition says, i think all religion says that s not you, you can do better than you re doing. people have their stories and stick to them for so long, i m this type of person and make the changes. they look back and refuse to look ahead. clayton: interesting stuff. thank you for educating me and some of our audience, nice to see you this morning. do you say happy holiday. thanks, rabbi. chaos in the middle east, as professors continue to take to the street. so the president s foreign policy making us look weak? we ll dive into that discussion. and tax-mageddon on the way as some are calling it, now just 100 days left before the largest tax hike in u.s. history. what will congress do to stop it? will they? [ rosa ] i m rosa and i quit smoking with chantix. ....
Benjamin netanyahu and tell the islamists that we would have israel s bank. mike: that s a strong statement and i wish that would happen, congresswoman. i need to ask you a quick question about the economy, because we are headed toward what has been described repeatedly as a fiscal cliff that we re going to fall over. what must we do to prevent it? it s called tax-mageddon. make sure that we continue the current tax rates as they are. and right ng we need is to increase taxes and we re looking at what we call tax-mageddon on january 1st, it s very quick and it s a disaster. in my district in minnesota we re looking at increase of taxes of the average household, someone making $50,000 a year, joint income, of 4,739 for household. you can t do that. ....