this morning president obama goes out and says hey you know when i got a new
idea
uh... how about we
and the tax cuts for the rich
activism your idea because
he of course had for years to do so and did not do so by hey you know what
uh... if he needs at this time that would be lovely
uh... analyst at the close you can tell
having said that
how is the politics of its well
finely
we've got a home
he came out any hip every point he should've head
and i'm wondering
where the hell where these democrats
for the last
four years for the last ten years for the last thirty years
here's a president being credibly affected
in making progressive points of view
many members
of the other party
believed that prosperity comes from the top now so that if we spend
trillions more on tax cuts
for the wealthiest americans that that will somehow unleashed jobs an economic
growth
i disagree
i think the wrong
i believe our prosperity is always come from economy that's built
on a strong and growing middle class
it was those guys trickle down on you
it as a workable country believes that understands that already
gom they camped white i like it
whenever to use using the bully pulpit literally
hearing is have all white house
andy's until very important speech
all the press has to cover they do
all the major cable news et cetera mris into the white house on c_n_n_ inside a
stump speech
said new proposal the new proposals that was all proposal
but that's how you play politics if you're president
you say you know what i'm saying to my guns and by the way that actually is
newsom president while matt actually ceases guns
perhaps that's why i recovered
anyway stay
no i'm not budging it's going to be
tax cuts for people maybe under two hundred fifty thousand dollars
and
if you're a good above that
you're not getting another round of tax cuts at least for a year that is the new
policy
proposal within called new
by the way one last note
are not optics of this
he had men and women behind them in this basically lou incredible large photo op
unit from the crowd that was
applauding in the questions to the press
of the men and women six
of the people that were surrounding him
were all women
we had white with black civility dosent for that to be able
uh... frame the pictures you can tell throughout these clips mainly
uh... woman on what appears to be are left must be his right off its lady of
who i would say the most average american birth you've ever seen in your
entire life unanswered complement not a bad thing and they have a latino the
picture of timing
this is how you play politics finally
they have figured it out
but the substance is even more important
let's keep going
i've cut middle-class taxes
every year
but i've been present
by thirty six hundred dollars for the total middle class family
let me repeat since i've been in office we've cut
taxes four of the typical middle class family
i want to repeat that because sometimes there's all this information out
and folks get confused about
there you know but that's exactly what you have to do
because if you went straight they come out on fox news for ten other wise in
your message just round up
he said let me repeat that for batman clarity okay
i have cut taxes on the middle class
that is that fact that you must bring back this instru
highlighted this is how you do it
cubano
at the beginning of the last decade congress passed
trillions of dollars in tax cuts the benefit of the wealthiest americans more
than anybody else
and we were told that would lead to more jobs and higher incomes for everybody in
the prosperity would start at the top
but then trickle-down
and what happened
wealthy got welfare
but most americans trot
and in just a few years we went from record surpluses under bill clinton
to record deficits that we are now still struggling to pay off
so we don't need more top-down economics we tried that theory
we've seen what happens
we can't afford to go back to work
that is exactly right okay
an and ban band time they are pressing
head said
we just ride for the last ten years
anything you want
we've tried every last thirty years and overall it in war when we were in faxes
actually although economic indicators go up not
well we lower taxes for the rich
things don't get that only get worse in fact
let me show you some of the numbers
today's top tax rate
is as you can see
much lower than it has been on average since nineteen forty five
now there is a brief period was at twenty eight percent was slot is a
slightly lower
but outside of that
here is the lowest it's been
says that brief moment
and is you can tell they were watch
much higher before
and then when he comes a corporate uh... answer capital gains tax rates well
that's also at a record low so we are not overtaxed its
in you almost exactly on said
in terms of historical lows
my say well that's a problem because i hear the tax cuts actually create
better economy well that's again not true
solicit alot of the different countries that we've had
since nineteen fifty
a little bit effect on our g_d_p_ that's our gross domestic product ratio is your
sense of
how they did well
when it was at twenty to thirty one which was the lowest ever under reagan
okay uh... well below average as thirty-five
a look at that
that's where we are today
the berry
worst growth we have had
since the nineteen fifties
what's the highest
when the highest man marginal tax rate was at seventeen behind
immediate process
when the highest marginal tax rate was at ninety percent
weekend launched better
as an economy overall
well portrait of the others
my god it we just cut tax on the rich is going out the town
but that's not true
went accelerators at ninety percent we have a much better results overall for
the economy
and when it's a thirty five percent
and oh i wanna make seventy five eighty ninety percent i don't i think i still
like even a gives a great results
as a matter of fairness i think it's too hard
which should be a thirty five percent
well the numbers are and obviously shouldn't
that is too low it does not help dot com
let's go to another clip
worry continues to savings ackroyd fit
on my field ever lift we were still in surplus
we've got these huge deficits and everybody's agrees that we need to do
something about it
deficits and these vets
so the money the worst spending on these tax cuts for the wealthy
is a major driver of our deficit a major contributor to our deficit
costing us a trillion dollars
over the next decade
by the way these tax cuts for the wealthiest americans are also the tax
cuts that are least likely
aren't hollow yeah somebody finally say hey you know what these tax cuts for the
wealthy
also increase aren't dad
now how can they wrote republic has come around a pretend they care about
deficits where they would add a trillion dollars to the deficit
just as they want to give the rich friends tax cuts
iraq finally got around to making the most obvious points
of all time which they should have been coming home for last ten years but hey
i guess better late than never all take it now how about that nonsense small
business owner
colin what do you think the riverboat against bulgaria mr president
regarding anticipate we know what those who are opposed to lead the high in tax
cuts expire will cite
they'll say
that we can't tax job creators
and i'll try to explain how this would be bad for small businesses
petard
folks who crate most new jobs in america or america's small businesses
and i've cut taxes for small business owners eighteen times
inside
the proposal out there today
would extend these tax cuts ford ninety seven percent
of all small business owners of america
in other words
ninety seven percent of small businesses
fall under the two of the two thousand dollars fragile
all right so we know taxes for ninety eight percent of us were doing tax cuts
for ninety seven percent
when the small business owners the republic's claim to care about
so what do you still crying about
we're giving tax cuts that actual engine of our economy which is the middle class
and small businesses
so when you pretended
the or for the job creators you are lying
that is not true what you want is tax cuts
for the richest americans who donate to the republican party
that does not help our economy that hurts our economy and certainly parts
are dead and our deficit
so less point
is actually my
favored point
watch this
we all say
we agree that we should extend the tax cuts for ninety eight percent
of the american date
iraq says it
the republicans say they don't wanna raise taxes on middle class
i want precise on the place
so we should all agree
to extend the tax cuts for the middle class let's agree to do
what we agree on
thank you you see this is again politics one oh one
you say you want to do the tax cuts for the middle class i want to doug
don't do that
he said he simply said intermediate outside today
said internationally outside next week
it's great politics
then you turn around the senate would have a you're holding the middle-class
tax as well we which we all agree on
hostile
melanoma hostage
so that you can get your tax cuts for the rich
i'll come on how do you not win on that
that's that's at the
it hits all the things that matter to be able to ever
they want you to get along right they want you to pass a pays you agree on
well here is you definitely retaliation doubly blessed
but very next day
and then number two it leaves our problem is holding the bag on helping
the rich which their country does not want over seventy percent including
image on a republic saying enough tax cuts for the richest people in america
we don't want that
that's a fact of politics
and that is abt out damn time
now let me also clarify paid on political ads
um... pictures
doesn't absolutely clear on that