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All the different argument. what about the concern over the country s fiscal situation. and how it factors in to this particular disaster relief bill after the house passed the $9 billion relief bill, the first tranche of relief the last two weeks. new jersey governor chris christie criticized for the delay to this point. thenate doing something two weeks ago. it seems to me that the criticism it s a blunt instrument. 1.6% of discretionary spending lop it off and throw it away. if you look at priest proposals, doing away with the legal services and you think wait a minute. there is a political agenda here being pursued by people who want to do away with the ....
Of course very important to average invesors. under the proposal, they would stay at 15% for families making under $450,000 a year and individuals making under $400,000 a year. but for families in the vims making over those bench marks they would go up to 20%. under this deal. bret: the big question really are there the votes in the senate to get through logistically over hurdles it would neat to get through? are there votes in the house if thenate passes to get it through as it stands? go right now this is proposal of framework for a deal, right? bret: it s really up in the air. peter barnes at the white house. thank you. washington has more than five hours to hash out this deal. latest on the fiscal cliff negotiations. little longer than that, actually. we ll explain that with the fox all-stars after this. ....
The president has to give and go to thenate bill for 20% tax and gain and dividends. the next place and big one is how you deal with deductions then, reforming that. my idea is capping all of them at 28%. let the deductions stay the same. take deductions but you can t lower tax rate below 28%. no matter how many you take. decent idea. top tier. democrats might go for it. this isn t an attempt to get more revenue. if you raise top rates back to where they were under clinton you can get $462 billion. if you do what joe suggested top rates you can only deduct 28 cents of each dollar that ....
Evaluate him on performance or conduct. listening to this thinking what? who cares? bret: right. that is not the issue. bret: people attending this las vegas conference, they get a black jack dealers jacket. a tourist coffee book. all signed by jeff neely, the gsa administrator. a governmen coveted [ laughter ] up there with mickey ma willie d mickey mantle. there are 44 no votes on so-called buffett rule. this is based on the billionaire investor warren buffett who advocates pel thy pay the same tax rate of the subordinates and would impose 30% minimum rate on people earning more than $2 million a year. then it would be phase phased ir those earning $1 million a year. it will fail in thenate since there are 44 in the senate, ....
November opponent. surrounded by millionaires who support the idea, president obama made a push to require wealthy investors to pay the same tax rate of the upper middle class. a survey found two-third of millionaires support the idea. so do nearly half of all republicans across america. most republican lawmakers do not. the so-called buffett rule has no chance in the house. mitch mcconnell said in a written state, we should be focused on jobs and energy legislation that can pass, not tax hike showvotes designed to fail. republicans think the push for thenate vote is intended to make them look bad. mr. obama raised eyebrows himself when he said it s more than an issue of fairness. this is also about growth and being able to make investments we need to succeed. and it s about we as a country being willing to pay for those investments and closing our deficits. in fact, the buffett rule ....