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On Today's Show

Wednesday, September 08, 2010

Ed Schultz broadcasts from 30 Rock in New York City.

Sen. Byron Dorgan, D-ND, joins the 1st hour of Wednesday's show to discuss President Barack Obama calling on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011.

Hilary Shelton, Director of the Washington Bureau of the NAACP joins the 1st hour of Wednesday's show to discuss the One Nation Rally.

Adam Green, Of the PCCC joins the 2nd hour of Wednesday's show to discuss his comments about Rahm Emanuel.



"Ed Asks...will you march with me?"

Lets all join together and march as "ONE NATION" in Washington DC on October 2nd


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Plus...

President Barack Obama unveils three economic initiatives in Cleveland, OH. We'll bring you the latest.

Secretary of State Hillary Clinton calls a Florida church's plan to burn copies of the Muslim holy book to mark the ninth anniversary of the Sept. 11 attacks a "disrespectful, disgraceful act." We'll talk about it.

BP says in an internal report that multiple companies and work teams contributed to the Gulf of Mexico spill disaster. We'll give you the details.
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News
House Democrats Look at Taxing Rich for Health Care

Posted on 7/9/2009

House Democrats working on health legislation are narrowing in on an income tax surcharge on the highest-paid wage earners to help pay the cost of subsidizing insurance for the 50 million who lack it.

Committee Votes Coming
House Democrats are pushing to complete a comprehensive health care bill by Friday.

They plan to bring it up for committee votes next week.

House Democrats abandoned earlier money-raising proposals, including a payroll tax.

Closed Door Meeting
They planned to meet behind closed doors Thursday to fine-tune the details.

Ways and Means Committee Proposal
As discussed in the tax-writing House Ways and Means Committee, the surtax would apply to individuals with adjusted gross income of more than $200,000 and couples over $250,000.

In addition, key lawmakers are expected to call for a tax or fee equal to a percentage of a worker's salary on employers who do not offer health benefits.

$600 Billion Needed in New Taxes
Ways and Means Chairman Charles Rangel, D-NY, has said his committee needs to come up with $600 billion in new taxes to deliver on President Barack Obama's goal of sweeping changes to the nation's health care system to bring down costs and cover the 50 million uninsured.

Top administration officials, including White House chief of staff Rahm Emanuel, conferred with Rangel's committee Democrats on Wednesday as they met throughout the day.

Rep. Rangel Comments
Rep. Rangel said of the tax proposals, "They know what I'm thinking about and I have no reason to believe I'll have any problems with them on that part of the bill."

Rep. Berkley Comments
Rep. Shelley Berkley, D-NV, a member of the panel, said the proposed surtax on high-income taxpayers appealed to her and others as a way to avoid a "nickel-and-dime" approach involving numerous smaller tax increases.

Read the AP story



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