the answer is fiscal responsibility how can you possibly say they are overtaxed right now when we're paying when both corporations and individuals are paying lower tax rates and they have in the last eighty years. well you know i'm glad you brought that up tom i think what we should do is treat these large corporations very much the same way we treat a smaller corporation like an escort where the money actually passes through and is only taxed upon the individual the whole pether as you know on corporations taxes no i do not think they citibank services well they most certainly do but you know i this is where the point that i was going to but no the city's as a corporation you don't think that they should pay for a fire department to protect their buildings absolutely the same way any other individual who goes to work isn't title to those protections even those people at zuccotti park are entitled to these protections albeit they're not paying any taxes but if the monies passed through the corporation to the individual well it's really the same thing and then we would alleviate that

with too familiar disagreements overtaxes it may have been doomed to fail. now what? part of the agreement reached last summer if the super committee didn't identify the required spending cuts 1.2 trillion in automatic cuts would go into effect in 2013. on the chopping block, medicare, medicaid and the pentagon budget. partisan bickering has this congress stuck in neutral. >> if they will give up insistence of the bush tax cuts we can get this done. >> there's a group that will not cut a dollar unless we also raise taxes. >> reporter: markets opened down sharply. analysts said wall street had been bracing for the super committee to fail. >> because wall street has such low expectation there is hasn't been any real thought that they would get a deal done. >> reporter: the public also had little hope. a poll last month found 3/4 of americans believe the super committee would fail to reach a deal. >> put the politics aside. >> reporter: few members of the committee even on capitol hill this morning. aides say there are conversations still going on. there's just little op

with too familiar disagreements overtaxes it may have been doomed to fail. now what? part of the agreement reached last summer if the super committee didn't identify the required spending cuts 1.2 trillion in automatic cuts would go into effect in 2013. on the chopping block, medicare, medicaid and the pentagon budget. partisan bickering has this congress stuck in neutral. >> if they will give up insistence of the bush tax cuts we can get this done. >> there's a group that will not cut a dollar unless we also raise taxes. >> reporter: markets opened down sharply. analysts said wall street had been bracing for the super committee to fail. >> because wall street has such low expectation there is hasn't been any real thought that they would get a deal done. >> reporter: the public also had little hope. a poll last month found 3/4 of americans believe the super committee would fail to reach a deal. >> put the politics aside. >> reporter: few members of the committee even on capitol hill this morning. aides say there are conversations still going on. there's just little op

greece is overtaxed and overregulated. >> this is what the politicians have cultivated. >> 15,000 top taxpayers. >> this is the position the politicians are cultivating. corruption is at the top party political levels. imagine -- the two main parties now been summoned to find a solution. yes, there's tax evasion. that's normal in the country with a very high percentage -- over 50% of the greeks -- in greece, it's not the private sector that a lien. it's the public sector that's sucking dry the whole liquidity. >> in the meantime, there's some evidence that many greeks that have money are losing faith in moving their money out of greece. >> not more than the italians and spanish are investing. london is a booming city. the markets are not just demonized -- your money, my money -- what greece can do to achieve growth, because of the requirement in greece right now is gross, is to make a very reasonable environment that you and everybody else would consider safe to invest. >> we will have to leave it there. thank you very much. >> the wild rhino no longer exist in west africa, according

i think we should permanently lower them as i've said many times on your program we are already overtaxed additionally i think we should lower the corporate tax rate and increase our military spending i think we can cover a lot of this by slashing the non essential services that are just spending us broke i mean like food stamps. well i think there are abuses in a lot of programs food stamps there may be. schools as well education really should be administered properly and not this mumbo jumbo that we're peddling these days were as you know i meant to say they did want to thirty years ago energy bills that were earning a living why is it that you know twenty thirty years ago when our schools were really well funded and you know freshly built by eisenhower all across the country had schools being built teachers were paid very well why is it that there are schools here working and now now that we've cut so much i mean education that our schools aren't working anymore i think there might be some correlation there. no the answer to that is the lousy agenda that is being pushed and the exponen

gas is already overtaxed. >> without a funding increase, some fear the transportation system in californiae. >> our infrastructure is why we are the state we are, why we have the economy we do. without it we are just like another third world nation. >> but there might be some signs that sentiments are changing. tuesday's elections saw about 80% of local majority vote tax measures related to schools passed throughout california. abc7 news. >>> santa clara valley water officials will decide on tuesday whether they should add floor -- flouride to tap water. it shows it reduces tooth decay but others have linked it to bone cancer. toddlers age 2 to 4 have had cavities, compare 2018 personaltily. water officials worry more how to pay for it. it would not raise water rates. it will find external sources of funding. >> an isreali boy in the bay area for veterans it day to talk about why his own wound of war is changing history. he lost one leg to a landmine last year while playing in a field with his brothers and sisters. cheryl jennings has the story. >> i do everything. >> you can jump? >> this

the real corporate is overregulating and overtaxing. >> this is his approach. >> kimberly: i agree with is getting advice this rhetoric will work. i don't get that. this is libe a parenting approach. he think he is will motivate the people. okay, kids we want to be emancipated. >> reverse psychology. >> this is taking it to the "n"th degree here. this is taking it oversported jobs and they're lazy to get the jobs here because they don't care about the american jobs. it was a business conversation. >> eric: what do you mean lazy? >> bob: i'm saying if you take a company overseas to get cheap labor and profits over there. >> eric: it's not lazy. i >> bob: i consider it anti-american. >> dana: you will be arguing globalization is -- >> bob: part of that is true! >> eric: no global warming is laziness. we have to leave it there. herman cain's wife gloria gave an exclusive interview to greta van susteren. we will tell you what she is saying about allegation against her husband. e-mail us at thefive@foxnews.com. we'll be right back. ♪ ♪ if you've just signed up for medicare or will soon, ther

gas is already overtaxed. >> without a funding increase, some fear the transportation system in californiapse. >> our infrastructure is why we are the state we are, why we have the economy we do. without it we are just like another third world nation. >> but there might be some signs that sentiments are changing. tuesday's elections saw about 80% of local majority vote tax measures related to schools passed throughout california. abc7 news. >> an isreali boy was in the bay area for veteran's day come memorial rations to talk about why his own wound is changing history. he lost a leg to a landmine last year while playing in a field with his brother and sisters. here's cheryl jennings with daniel's story >> i do everything. >> you can jump? >> this twelve-year-old is not shy about showing his prosthetic leg. >> i not so good like my real leg, but it's good. >> he was fitted for the prosthetic after his leg was blown off by a landmine february 6, 2010. he had been playing with his brother and three sisters in the snow on a family outing in the golan heights. they didn't know he was in an unma

they are fighting overtaxes again. this is this the crux again?i think it's taxes and also in part stimulating the economy. what you can tell from boils and simpson as you showed, they came up with an equally large debt reduction plan. they were asked about, your plans raised revenue, didn't they? and your plans also said be careful about the economic recovery. republican questions were more along the lines, you said health care costs were the biggest problem for the debt. isn't that right? so they were kind of asked leading questions. the more i think about it, it's like the democrats are saying, the grass is green and republicans are saying, the sky is blue. the problem is, they each have a point and they are not agreeing with each other quite yet. jeff, a co-chairman, republican from the house, he said the first thing out of his mouth when he asked the question was, i heard what you said on revenues. all the panelists said that we have to have revenues be a part of this mix but then he immediately went to health care questions and when he came

. >> but i had to ask you, what do you make of the gops priorities in the fight overtax cuts for theuch for having me, reverend. i had a little fun with them today because i wanted them to know that there should be some substance to their slow begans. fair and balanced. let's have a tax plan that is fair. let's have a program going forward that is, in fact, balanced. as you know, we have been trying now to do the presidential's job bill. they refused to move forward on it. they are now saying, in order to do the payroll tax holiday that we need to pay for it by cutting other programs. i believe that we ought to do it on unemployment insurance, the payroll tax holiday and the so called contingency account. well, if it is, why did they put it in their budget? i would ask all your listeners to look at ryan's budget or you would see that they are using the overseas contingency account to do that and there are $750 billion there for the taking. and that's what we ought to do. >> and that is in the ryan's plan. but congressman, you know this stuff better than i do. but i know some of the p

it needs to be freedom from overtaxation and overlitigation and freedom from over-regulation. >> well tell you, john feehery, i've got to give you a shot at this. john quincy adams was 6 years old at the writing of the declaration of the founding documents. he was a brilliant kid, isn't he? fighting slavery at the age of 6. what is she talking about? the one thing if you're a philly kid, governor, you know this, you can't way to go down to mt. vernon and see the slave quarters, this is where they a lot of analysts looking at that move and saying it is meant to serve really as a counter weight to china, which is emerging as a major power in the region. in fact, one chinese official said he thought the move was inappropriate. now, obama administration officials have pushed back on that and say the move is completely appropriate. they underscore the fact ta australia is one of america's closest allies and president obama i believe coming out to speak right now. let's take a listen to what he has to say. >> hello, everybody. how are you? doing? well, i know that you all have a great austr

it needs to be freedom from overtaxation and overlitigation and freedom from over-regulation. >> wello tell you, john feehery, i've got to give you a shot at this. john quincy adams was 6 years old at the writing of the declaration of the founding documents. he was a brilliant kid, isn't he? fighting slavery at the age of 6. what is she talking about? the one thing if you're a philly kid, governor, you know this, you can't way to go down to mt. vernon and see the slave quarters, this is where they lived, they actually had slaves and here's michele bachmann coming along saying, you know, george washington and those guys, they were just killing themselves to get rid of slavery. what is she talking about?ç they all this slaves. >> john quincy adams was a fierce -- was a fierce abolitionist. >> was 6 years old at the time of the founding. >> she was right about john quincy adams. >> which of the founding fathers was fighting slavery, one? founding fathers. >> john adams. >> oh, come on. >> thomas jefferson had great concerns about slavery. >> he had slaves. >> of course he did. i get tha

either stand with the already overtaxed american families and small businesses who have to balance their budgets on a daily basis or stand with the washington establishment that always demands more of the american people, more of their hard-earned tax dollars without any accountability with how they spend their money. american families have to stick to a budget every month, so why should the federal government be any different? we can't keep mortging our children's future to china. it's time to take a stand, mr. speaker. the tax and spend and then blame the american people for not paying their, quote, fair share game, must end and it can end today. passing the balanced budget amendment will help bring this country back to economic prosperity and end this game. with that i yield back the balance of my time. the speaker pro tempore: t gentleman yields back. the gentleman from new york is recognized. mr. nadler: mr. speaker, i recognize the gentleman from illinois for unanimous consent statement. the speaker pro tempore: the gentleman from illinois is recognized. >> mr. speaker, i ask unani

think what this reflects is people aren't looking to pay more in taxes. 64% of us still think we're overtaxedey don't want to pass on even bigger burden to future generations. they're looking for somebody to come forward with a plan to address the larger deficit issues. >> heather: scott, this is something until i did the reminder for folks at home a moment ago, i was going to forget about daylight savings time tonight. but the people think that it's worth the trouble? >> there is no real strong feelings on this. but 32% say yes. 45% say no. and today, 10% mistakenly believe that they're supposed to turn the clocks ahead. so if nobody catches them first, they'll show up awfully early for church tomorrow. >> heather: it's spring forward, fall back. >> gregg: yep. get a little extra z's. report. scott rasmussen. thanks so much. >> heather: thanks. >> look forward to seeing you next week. >> gregg: all right. >> heather: that does did for us. >> gregg: you going to enjoy a little extra sleep? >> heather: i am, now that i've been reminded of it. >> gregg: or do extra exercise. >> gregg: or extra

with a balanced budget amendment we can stop government squandering, overtaxing ways and save our economy. man, that was 29 years ago. i got to repeat that because that's kind of like where we are today. only a constitutional amendment will do the job. we've tried the carrot and it failed, and we tried the stick of a -- with the stick of a balanced budget amendment we can stop government squandering, overtaxing ways and save our economy. ronald reagan was right. in fact, in 1995 under a legislature that was in the house controlled by the republicans under newt gingrich, they tried to pass a balanced budget amendment. lost it by one vote. and i believe tomorrow under the leadership of john boehner or the next day sometime this week we are going to try the same thing again. and i just think it's imperative that we don't lose that vote. the american people i believe are on the side of myself and my female colleagues that are going to join me here this afternoon. because the american people get the fact that we are not balancing the checkbook and when we don't balance the checkbook we don't k

meeting happening in washington, they are 22 days away from their deadline and they are still at odds overtaxeeking guidance. >>> also, the big bank today bowing to the little guy. bank of america. now calling off plans to charge you, their customers, that $5 monthly fee for using their debit cards. most peoplely obviously are thrilled over this but occupy wall street protesters we talked to, not so impressed. >> that's great. that's wonderful. that's a move in the right direction but it's not -- it's not earth shattering. it's really not. >> well, in the past couple of days, other big banks have also candelaria selled plans. a commercial airliner in full of passengers lands on it is belly today. watch this with me as it starts to skid on the tarmac, no landing gear. not working. imagine that. take a listen. this is poland. the landing gear failed on approach. this is warsaw. 230 people on board. amazingly, zero people hurt. gold star for the pilot. that was pretty smooth. >>> and the mother of secretary of state hillary clinton passed away at the age of 92. dorothy rodham died this morning.

it so far as to the general public, because our child protection system is already overworked and overtaxed now. i mean you don't have to be mandated by law to report. you can report. but i think perhaps there was some confusion about what would happen once a report has been made such as -- you know. so i think having some clarity about what happens next and then for all adults to know that even if the system fails, that there are other things they can do. i mean a lot of our calls are from people who have been in these situations where systems fail. >> deborah donovan wright, thank you so much. we appreciate your perspective and obviously some good, if there can be good to come out of this, is to allow people to come forward without shame and to actually report their abuse. we'll be right back. ( phone ringing ) okay... uhh. the bad news, it's probably totaled. the good news is, you don't have to pay your deductible. with vanishing deductible from nationwide insurance, you got $100 off for every year of safe driving, so now your deductible is zero. the other good news ? i held on to your c

it is our last line of defense against congress' unending desire to overspend and overtax. thomas jefferson believed that, quote, the public debt is the greatest of dangers to be feared. jefferson wished, quote, it were possible to obtain a single amendment to our constitution, taking from the federal government the power of borrowing, end quote. it is time that we listened to thomas jefferson and pass the constitutional amendment to end the federal government's continuous deficit spending. we must solve our debt crisis to save the future. i want to thank mr. goodlatte, the gentleman from virginia, for introducing the version of the balanced budget amendment we are considering today, and for his tireless work in support of the amendment. since the 1930's, dozens of proposals offered by both democrats and republicans have called for constitutional amendments to address federal budget deficits. we have the opportunity today to take the first step toward making a balanced budget a reality by passing this legislation. the american people have not given congress a blank check. l

and the big lie is that they're overtaxed, of course, at the top.taxation because that's what the hedge funds get. why do they get that? because they pay for the political campaigns. >> i mean -- and i think most of us at this table agree about the loopholes. mark haleprin, though, if they don't get to anything, there are these automatic triggers that go into effect. >> sequester -- >> will we get around that? >> i think because of the defense cuts, the thing will have to be undone. but there are a number of other issues, the bush tax cuts, the benefits, there's a bunch of big things that have to be dealt with or big implications. the alternative minimum tax, how that gets done without the method of the super committee is difficult to see. but i don't think those cuts will have -- >> i'd like to come to the defense also. the defense of the defense cuts, i would say. our defense budget is $700 billion right now. all they're talking about is taking $60 billion a year out of this. $600 billion over ten years. this is easily affordable. it's all the mil

really overtax, not really over political issues. now, i want to say something that might shock people here though. this is not the military takeover of the economy that many people to work on iran proclaimed. in fact, and i tend to work a bit on this subject, and i researched generally shows that this notion of a military takeover of the iranian economy is a myth. the state is heavily involved in the iranians economy, that's true. and many people in the second generation of bureaucrats and technocrats and politicians in iran are in the military because they thought in a war for 10 years, basically. but obut on the other hand, if e look at china, brazil, india, in the country the developing country, the military is involved, too. we need to be careful sometimes when looking at iran and expert to work on iran come to work on the ranch 147 the things that might seem to do their to our ron might be more general around the developing world. and certainly the irgc is more involved in the economy than it was five years ago, but it was invo

that is why overtaxed cancer growth tax plans. theirs is, ours is. we call it that enough aspects and they say you're taxing will cause far better growth in the plane we are under now. that is why we cut corporate taxes and people shouldn't immediately say what you cut that for? the army kinnison adjudicatory people in wages because they are going elsewhere because our taxes are too high. so it is not what people say. the reality of competition. we can't force them to say in america if taxes are too high. so i. so i think education and a fair tax for corporations on this litany may not be first, but somewhere. >> time of the gentleman has expired. a cochair when i recognize the gentleman from michigan, congressman camp. before i do, just as she thanked him for arranging the joint select committee to use the ways and means committee room in your chair is very comfortable. thank you. >> thank you. well, i also want to thank our witnesses for being here and all of your hard work and testimony today. i do have a question, mr. bowles, and the simpson/bowl

with the stick of a balanced budget amendment we can stop government squandering, overtaxing ways and save our economy. that's why i'm excited about this historic vote that we are going to take tomorrow and i urge all of my colleagues, republicans and democrats, to get behind this commonsense provision that will set us back on a path to strong financial footing. now is the time to stop the reckless course we are on and get things right. i look forward to applying the cash flow knowledge i learned around the kitchen table as a child to our federal budget. it worked at home. it's time to make it work in washington. i yield back my time. thank you, mr. speaker. the speaker pro tempore: the gentlelady yields back. the chair now recognizes the gentleman from texas, mr. green, for five minutes. mr. green: thank you, mr. speaker. mr. speaker, there are unsung heroes and heoins among us. -- heroins among us. these are people who overcome challenges just to do the ordinary. they are not born into plenty. they are often born into poverty. but they have lives that are rich in that they overcome

their kitchen table formed a group of people that began to fight the idea of a overregulating, overtaxing federal government. voters passed something called the hancock amendment that was one of the first state tax limitation amendments in the united states. mel hancock developed this amendment, using the formula that limits total state revenue and expenses in missouri to percentage of personal income of the residents of the state. it also required new local taxes, licenses, or fees to be approved by voters in political subdivisions. but his public service didn't stop there. he ran for congress when our local congressman retired. he announced his canedcy. he won a crowded pry maimplet he declared his intention to serve only a brief period of time and advocated term limits. during his first three terms in the congress, he served minority. he got exactly what he wanted in the new congress, a seat on the ways anways and means committeee walked away from that two years later keeping his pledge to moians. a lifelong republican, mel built a reputation that reminded many of another missourian as

it is our last line of defense against congress' unending desire to overspend and overtax. thomas jefferson believed that, quote, the public debt is the greatest of dangers to be feared. jefferson wished, quote, it were possible to obtain a single amendment to our constitution, taking from the federal government the power of borrowing, end quote. it is time that we listened to thomas jefferson and pass the constitutional amendment to end the federal government's continuous deficit spending. we must solve our debt crisis to save the future. i want to thank mr. goodlatte, the gentleman from virginia, for introducing the version of the balanced budget amendment we are considering today, and for his tireless work in support of the amendment. since the 1930's, dozens of proposals offered by both democrats and republicans have called for constitutional amendments to address federal budget deficits. we have the opportunity today to take the first step toward making a balanced budget a reality by passing this legislation. the american people have not given congress a blank check. l

just as the other speaker just said, overspent, overborrowed and overtaxed. putting this nation on the road to fiscal ruin. yet, as much as that is true, there's many who believe that the solution going forward is even more of the same. more spending, more borrowing, more taxation and only here in washington, d.c., could that ever be given serious consideration. you know, american families are not given that luxury. american families have to do what? they have to live within their means or face fiscal disaster in their family pocketbook. so too here in the united states government we should live within our means as well. but unfortunately to date, as you saw the previous chart, previous speaker, we have been incapable of doing that and that is why we're here tonight, because we know we must force ourselves through this, through a bald budget amendment. now step back. amending the constitution is a difficult process, it should not be entered into lightly. the process reflects the founders' commitment to a republican self-government while protecting, what? the

overtax, not the overt political issues. -- over tax. this is not the military takeover of the economy that people who work on iran proclaimed. in fact, i tend to work a bit on the subject, and my research generally shows that this notion of a military takeover of the iranian economy is a myth. the state is heavily involved in the iranian economy, and that is true. many people in the second generation of bureaucrats and technocrats are in the military because they fought in the war for years basically. we looked at china, brazil, and every other country in the developing world. we need to be careful sometimes when looking at iran and experts who worked on iran, worked on ran 24/7 the things that might seem peculiar to iran might be more general around the developing world. certainly, the irgc is more involved in the economy than it was five years ago, but it was involved in the economy in the 1990's. it is more of a general trend that a particular outcome of particular regulations. i will leave it at that. will talk about that later. >>

either stand with the already overtaxed american families and small businesses who have to balance their budgets on a daily basis or stand with the washington establishment that always demands more of the american people, more of their hard-earned tax dollars without any accountability with how they spend their money. american families have to stick to a budget every month, so why should the federal government be any different? we can't keep mortgaging our children's future to china. it's time to take a stand, mr. speaker. the tax and spend and then blame the american people for not paying their, quote, fair share game, must end and it can end today. passing the balanced budget amendment will help bring this country back to economic prosperity and end this game. with that i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from new york is recognized. mr. nadler: mr. speaker, i recognize the gentleman from illinois for unanimous consent statement. the speaker pro tempore: the gentleman from illinois is recognized. >> mr. speaker, i ask u