a new poll concerning the bythe
administration's tax proposals
very important in revealing the highly
highly accurate
ibd tips poll listen to this 65
support a higher capital gains tax rate
54 percent favor raising the corporate
tax from 21 to 28 but 50 percent oppose
increasing estate taxes on a person's
assets
after death so it's a good poll and um
should be a warning to republicans
forbes media chairman steve forbes is
with us
and we welcome monica crowley former
assistant
treasury secretary for public affairs
and a truly great
lady um both of you thank you for coming
monica i just want to begin with you
apart from the tax debate and we'll get
to the tips paul in a minute i just
i can't help myself i have to ask you
how mr biden ended this speech last
night we just said spend a sec
he goes through this we are the united
states of america
it's not a single thing nothing that we
can't do beyond our capacity we can do
whatever we set our mind to
okay all's good then he ends it the very
last graph
god bless you all comma and may god
protect
our troops period thank you for your
patience
huh what is that every president yes
probably from time immemorial who's
given one of these
would say god bless america he says
thank you for your patience what's up
with that
yes that particular rhetorical device
remains a mystery
larry i have no idea what he meant i
actually tweeted about this last night
and i remain shrugging in disbelief that
he ended
a state of the union type address in
front of a joint session that way
it made no sense steve for forbes look
you're a writer
an editor an author you're as bad as
monica
in that business what do you make of
this thank you for your patience
uh he probably knew he had talked at a
length that would have done bill clinton
proud
and maybe he thought that was uh some
some last minute humor
and didn't realize this is not comedy
central this is a state of the union you
end on a serious note you can do humor
during the speech
but not after it or to end it i think
that's what that was
and uh obviously it fell flat and had
everyone scratching their heads what in
the world did he mean by that
yeah he tested our patients last night
that's for sure well yeah i didn't want
to watch it i had to i'd do this for a
living
not my patients why can't i just say god
bless america
every president dems republicans obama
anyway
i i digress um steve uh
stay with you on this the ibd tips paul
as you know it's a very accurate poll
i'd say um ragavan mayor
and uh rasmussen polling about the best
in the country anyway
he's suggesting that people are on
biden's side at least for cap gains in
corporate not for estate taxes
but people favor higher corporate taxes
and higher capital gains
what say you by the way uh john
mclaughlin is a great pollster as well
but in terms of what what they found
there people think that corporations are
separate
they think they have piles of money
around and but i think
larry the key thing this is where the
republicans have to learn to engage in a
debate
and point out what the real consequences
are and when you do that public opinion
will shift
i'm very surprised that in terms of the
death tax people are already there
they've heard the arguments they know
that they have some valuable assets
they don't want to give it up to the
government they've been paying taxes all
their lives
so i think this is a challenge for the
republicans they can turn it around
show that who actually pays that tax
it's uh consumers
with higher prices it's workers with
less pay it's a workers and the american
people by having less of
business investment which means a lower
standard of living
and in terms of the capital gains uh
lower
values for your 401ks lower values for
endowment funds for non-profits
you got to explain these things and the
more the republicans do that the more
they're going to win support
people are going to say who ends up
paying for we do
with a lower standard of living in a
lower stock market and a less rich
retirement
well monica crowley thank you for your
patience here and um
just kidding there's a joke and john
mclaughlin is a great pollster and
john's latest missive says that the gop
can beat the biden tax hikes on
investments cap gains and corporations
but they have to show that jobs will be
lost that jobs are the key and
it's not a theoretical issue and
some gop some republicans are doing that
monica but i'm not sure they're
doing enough when we had the tax cuts
under trump
we emphasize the jobs and that 70
percent of the middle class bears the
burden of the corporate act
so what say you about this should they
go to
he's got rich people biden right is it
time for the gop to talk about jobs
1 000 larry and they've got to do it in
very direct almost
emotional terms so rather than talking
about
the tax hikes will actually kill job
creation
and and slow the economic recovery that
we're experiencing now which is the
trump recovery
you have to talk directly to the
american people and say this will
actually cost
you jobs this will actually may kill
your job the way with the stroke of a
pen president biden actually killed
thousands of jobs
related to the keystone pipeline so you
have to do it in direct terms
and make it meaningful for the
individuals listening to the message
you know free enterprise is a great
thing president trump through
a number of pro-growth pro-worker
policies like the tax cuts
but also regulatory relief fair trade
deals
and uh and of course unleashing our
energy sector
created a job boom so we know what works
it's common sense and if president biden
decides that he wants to throw
most if not all of that into reverse you
the american worker will suffer directly
these are the workers who can withstand
such a slowdown
i totally agree you're both right i just
got to hear a whole bunch of people keep
messaging like that steve forbes thank
you
monica crowley thank you and