rangel: dr. mcdermott, i heard the republicans said on this floor in this house of representatives and other -- on television that this public option that's being offered to people to take if they want it is really a democratic socialistic, communist attempt to knock out the private sector. where do they get this idea and what do they mean? mr. mcdermott: it's very strange. people who talk about believing in competition and believing in the marketplace, as representative schwartz says, there are places in this country where there's only one option. and if y have nobody to compete with, they control the prices. for them to get the idea that it's socialistic to put somebody in there to compete is really saying they are afraid to compete. they know they can't win. they have failed over the last 18 years, they knocked out mrs. clinton's efforts in 1993. they had an open field, the entire country was opened to the private sector. and they cannot figure out how to cover 50 million people. so we come st

>> i concur with what chairman rangel said. that for about our very long 20 hour markup, we accepted a number of amendments from the republicans. we worked out arrangements to work on amendments we did not accept but we thought had merit and they thought had merit. the staffs are getting together to do that, so i am not sure they ever ended up voting for the kind of health care president obama has presented to the nation, the kind of securities presented, the kind of cost cutting he's presented, the kinds of getting rid of all of the exclusions and co-payments and the rest. but the point is this: our members are in full force to come to the floor and to support this legislation and they will report for duty the time that vote is taken. >> [inaudible] >> we are -- mr. waxman will report his bill the middle of next week and then we will be preparing for our role to take the bill to the floor. when the american people see what this means for them and each individual congressional district, over 100,000 people and many rural areas,

you are open to charlie rangel's proposal? >> i think everything is on the table. >> what wolf blitzer was referring to was a proposal by charlie rangel. it would place a surtax on some wealthy americans as a way to pay for the final bill. but republicans have been quick to jump on that idea. appearing on abc's "this week," john kyl said the propose sal a nonstarter as far as the gop is concerned. >> at least 55% of the income that would be generated by this surtac directly hits the entrepreneurs who run these small businesses. it would be a job killer. it would be the wrong thing to do at any time, especially in the middle of a recession. >>> the agency withheld information about a secret counterterrorism program on the direct orders of then vice president dick cheney. that is coming from a source knowledgeable about panetta's classified briefing to lawmakers. the program was instituted before panetta took over the agency, but the source tells cnn it was never fully operational. panetta shut it down last month after being inf

we'll ask two key members of congress: chairman of the house ways and means committee charles rangel, democrat of new york; and finance committee member senator orrin hatch, republican of utah. then we'll look back on the remarkable life of walter cronkite with our own bob schieffer, former senator and astronaut john glenn and historian douglas brinkley. but first fixing health care on "face the nation." captioning sponsored by cbs "face the nation" with cbs news chief washington correspondent bob schieffer. and now from cbs news in washington, harry smith. >> smith: welcome again to the broadcast. bob schieffer is off but he'll be joining us again in just a few minutes. joining us now from new york congressman charles rangel and here in our studio senator orrin hatch. good morning, gentlemen. >> good morning, harry. >> smith: congressman, let me start with you. the head of the congressional budget office came out this week and said the plans he's looked at so far don't do the job nor... in fact, the cost of health care might go up. have you guys botched this job so far? >> no. i'm su

first, rangel blamed his wife, which i'm sure went over really well.then he blamed the dominican-speaking spanish. i know they're speaking this dog language or something, i don't know. then he pleaded ignorance. when he finally admitted his mistake, aka, not paying his taxes on income of $75,000, he promised to fix his tax returns. i'm going to pay up! the deadline, you will be happy to know, is may 15, which is tomorrow, of course -- wait. hold it. i think my watch stopped. it's almost august. yes, america, it's been 73 days since the deadline has come and gone. did you know that? have you heard that anywhere? as of last week, he hasn't paid. he hasn't updated anything. by the way, did i tell you he is the chairman of the tax writing committee? i was just wondering, where is the media? where is that fourth branch of government, you know, trying to keep these people down? can you imagine if dick cheney would have done this? they would have had piano wire in the town square by now. hello! why are you, america, hearing this from me, a rodeo clown with a

chairman rangel is going to propose higher taxes to pay for national health care. i think the president has a fundamental choice to make. he says we should sacrifice, but i don't think he's willing to go to the american people and say, i want to raise your taxes because remember, he went to the american people and say, i've got to cut your tacks in the campaign last year. so, he's got enormously expensive programs that his friends in congress want to pay for with higher taxes, called honest accounting, but he's unwilling to support them. i think he's got to make a choice, is he going to have the programs and pay for them or going to basically hide the ball and not tell the american people the truth how much it's going to cost. >> eric: he may find out more about this. may have a prime time address or news conference later upon his return this week. thank you. >> julie: we asked you earlier what you thought about the government handing out money to small businesses. juan writes to me, while it may help a few businesses the chance for dishonesty is great. lower corpo

they're looking at different -- >> the house version that charlie rangel, the chairman of the ways and means committee announced on friday would tax the wealthiest americans additional tax to help pay for the hundreds of billions of dollars that would still be n d needed if you make more than $300,000 or $400,000 a year, or $1 million, you'll be paying a lot more taxes in the years to come. >> the house has a version. there are a couple different proposals being worked on in the senate. >> do you like the house version? >> i think it's one that will be discussed in the long run. i prefer the president's version. it makes sense the wealthiest -- >> but you're open to the version of increasing taxes on the richest americans to pay for health care for everyone else. >> well, i think the bottom line is it's got to be paid for, and we all have a shared responsibility that we all need to play a role. the house and senate version also have employers included and individuals included, and what's been remarkable, wolf, is the stakeholders who in the early '90s were the most vocal opponents of a

chairman rangel will talk about the revenue side. you would get an estimate today of the total cost of this bill. given speculation that the range -- i think most people expect the range is going to be an amount cbo will fill in later. [laughter] i will yield to charlie rangel. >> the congressional budget office is not our friend in terms of answering a question like that. because they don't record the actual savings that people would feel in their pocketbooks, in their bank accounts, in their everyday conduct of trying to get health care paying off bills. it is safe to say as a guideline that when those people get paid to have stakeholders in this, can come together at the white house and say that this bill over ten years will save the american people $2 trillion, those are real dollars even though they cannot be scored by the congressional budget office. i am satisfied that our country, our economy, individuals, saving money by the investment made now. >> thank you all very much. [inaudible conversations] >> house republicans respo

sean: coming up, charlie reaning -- rangel tells president obama to butt out. and much more on governor palin and the bombshell. sean: democratic congressman charlie rangel over the weekend challenged president obama's political judgment. rangel said "i really don't understand why president obama got involved in our primary. now i don't want to use the word wrong but it doesn't seem like the astute political thing to do. i think that's also known as meddling in local affairs, charlie. sean: and tonight in your america, not surprisingly, the mainstream media's coverage of governor sarah palin's decision to step aside has been overwhelmingly negative the abc, nbc, cbs, all described her resignation as, quote, bizarre. the "new york times" couldn't resist using the latest news as an opportunity to attack the governor. maureen dowd said "caribou barbie is one nutty puppy. the joining me with reaction to this is fox news anchor kim berry guilfoyle. by the way, maureen dowd, only one would know. >> oh, them's fighting words! sean: she is is one bizarre -- >> what is

charlie rangel is meeting privately with the president today. a senior fellow with the cato institute is with us. you are not saying there are tried to slip through this with judge sotomayor -- they are trying to slip it through? >> especially on the more specific issue of fiscal policy. this has been a profligate tax and spend administration in just the first six months, and now they want the government to take over health care and make it like the postal service. stuart: wait a second. taxing the rich is still a popular political mantra, and this is the proposal with these surtaxes, tax the rich. now, that remains popular, does it not? >> sometimes, it is popular as a sound bite on the campaign trail, but a lot of the american people are very suspicious, and rightfully so, that when politicians are aiming at the rich, is the middle class that gets hit in the crossfire. -- it is the middle-class. the one thing that your viewers should understand, there are not enough rich people to finance big government, so they use "tax the rich" as the rheto

sean: coming up, charlie reaning -- rangel tells president obama to butt out. and much more on governor palin and the bombshell.  sean: democratic congressman charlie rangel over the weekend challenged president obama's political judgment. rangel said "i really don't understand why president obama got involved in our primary. now i don't want to use the word wrong but it doesn't seem like the astute political thing to do. i think ( conversation ) garth, you're up. hold on, i'm at capitalone.com picking a photo... for my credit card. here's one from my prom. oh, what memories. how 'bout one from our golf outing? ( shouting ) i know, maybe one of my first-born son. dad, mom says the boys gotta go. personalize your card by uploading... your own photo at capitalone.com. what's in your wallet? ♪ yeah, so? it stinks in here! have you smelled this chair? or these curtains? you've gotta wash this whole room! are you kidding? wash it?! let's wash it with febreze! whoa! [ sniffs ] hey mrs. weber. [ sniffs ] hey, it smells nice in here. you know, i like to keep things f

rangel, rise? mr. rangel: mr. speaker, i rise in support of the amendment which the -- the chair: the clerk will designate the amendment -- does the gentleman have an amendment at the desk? the clerk will designate the amendment. the clerk: amendment number 14 printed in part a of house report 111-219 offered by mr. rangel of new york. the chair: pursuant to house resolution 669, the gentleman from new york, mr. rangel, and a member opposed, each will control five minutes. the chair recognizes the gentleman from new york. mr. rangel: i rise in support of this amendment. what it actually does is prohibit the implementation of the public housing community service requirement that those people that live in public housing are required to put in a certain number of public service requirements. nowhere do we have where people who find themselves in public housing have to be mandated to do certain hours of volunteer work. indeed, there's no funds available to enforce this mandate. the housing authority in the city of new

charlie rangel's plan would tax individuals making more than $280,000 a year or couples who earn more than $350,000. the chairman says the tax was back in 2011 and start around 1% maybe higher and the congressman says the tax would cover about half the cost of the program for a decade and the other half would come from cu custom medicare and other savings. and they're in charge for paying for the whole thing and so far appears to be getting support from leadership. and house republicans hate the idea and john boehner's spokesman says the last thing the country needs is a tax increase during an economic down turn. republican strategist karl rove says the tax will hit a lot of small business owners. >> it was chairman rangel is suggesting, at a time when the economy is doing very poorly, let's tax the source of new jobs to two out of three or by some estimates, three out of every four jobs in small business. and what they want to do is tax those job creators. so remarkably toed that plan. >> that brings up the question where does the money come from? republicans and many fiscally conser

rangel estimates his proposal would generate $550 billion and complement projected savings. under the plan, starting in 2011, individuals earning more than $280,000 a year and couples making more than $350,000 would face a surtax of 1%. for individuals making over $400,000 a year and couples with a combined income exceeding 500k, the surtax would be higher, a figure as yet unspecified. >> to the extent we can squeeze more out of the system for savings reduces the need for the pay-for, but it will be at the high end and not touch the middle class. >> we are asking about 1 or 2% of the american people who did really well under the bush tax cuts to pay a little bit of a surcharge as we go through this transition. >> almost instantly republicans and one key senate democrat recoiled from the randle plan. >> raising taxes on a group of americans, the majority of which are business owners in this country during the worst recession in 25 years is a profoundly bad idea. >> and when dick durbin of illinois, the number two democrat in the senate was asked on sunday if he and his democr

yesterday, before rangel came out this time, president obama explained the dilemma. >> whatever bill is produced is to be paid for and that creates difficulties because people would like to get the good stuff without paying for it. >> more details on chairman rangel's plan will come out on monday. sue and thank you. it is fresh out of bankruptcy protection and general motors says it is not a bigger company with a focus on the environment. but gm has tried to reinvent itself in the past. while going green get the job done? are you seeing red and green get? sears and kmart, get this, are already putting out christmas goods and hundreds of stores. that's not all they are doing, they're big holiday mode next. $Ñ ok. oomph. i'm a mommy. i love kids! i'm responsible, loving, nurturing. ahhh! yea whooo! no no no no no! don't touch that. [squeak squeak] stop, stop! ahhhhh! whoa! being a parent's a lot of work. where's mommy? >> julie: gas prices skyrocket as we go into summer but there on the decline in part of the reason is that nature drop in the price of crude. oil fell below $60 per barr

jon: you mentioned charlie rangel.e from him, something that he did not mean for people to hear. this is what he said -- if charlie rangel is saying that -- it is out of his committee -- but clearly, this is in trouble. >> 21 out of 31 freshmen democrats signed a letter in disagreeing with the tax increases that charlie rangel moved from his committee. they are looking at taking this to the floor without the votes. even in the democratic house where there is a big democratic majority. on a previous program, we showed footage of a missouri congressman tried to sell this plan back at home. the problem is they have failed çone congressional member went home to his district in florida and there were 300 protesters waiting for him. what happens in august when all of these representatives have to go home without reading any of these bills, and does all of that dissatisfaction are merged in august? that is why the president is trying to get this done. jon: maybe even a news conference will not turn that around. >> do not thi

. >> if he pushes back on you as charlie rangel did this weekend on "face the nation," and says come on, guys, we've been talking about this decades and have scores of studies. we're not talking about haste but finally getting something done in a window that still exists. frankly, rangel was directly at it republicans so he was arguing delay was their final tactic. >> first of all, republicans want change, too. they don't want the status quo but they don't want the change to be such that it's going to cause taxes to go up, small businesses not to be able to compete in a global marketplace. they want to see it smart. and there are ways to do it without busting the budget of the government. the cbo report was devastating for the administration and for charlie rangel and his colleagues in the house. they have to work across the aisle and say this is a push me/pull me. you got the push coming to cover people who are not getting insurance right now and a poll to reduce costs. that's a very, very difficult thing to do both, but you've got to make it such that you are reducing costs. you're

but if it fails to do so, charlie rangel would raise that surtax even more in later years. so the obama posse's plans are now clear. let's put the burden of 45 million uninsured people entirely on the shoulders of 2 million to 4 million wealthy taxpayers. so one earner supports 10 or 20 people who have no insurance. how is that fair? how is that fair? when the top 1% of our earners already pay 40% of all federal income tax? and the top 5% pay 60% of the whole shebang? how much is too much, guys? how is that fair when the lowest 40% of earners in the u.s. already pay no federal income taxes at all? and how is that fair when chances are, millions of those people who are uninsured are illegal aliens? and a lot of them work under the table and pay no income taxes. now, do we really want to take on responsibility for thy them? forever? and let's put aside the fact that a tax on the wealthy is also a tax on small businesses. a backbone of this economy. 2/3 of all profits at small business are earned by people in that higher tax bracket. and when you make them pay higher taxes, th

charlie rangel was heard no one wants to tell the speaker that she is moving too fast, and they damn sure don't want to tell the president. meanwhile the house delayed its vote indefinitely after it failed to gather enough votes from moderate democrats, but the president isn't taking no for an answer. he continues to push the august deadline even though a conference call earlier today made it clear that he hasn't even read key provisions in the bill. so will health care be the president's undoing or will he manage to triumph against the odds as he has shown himself so capable of doing in the past? joining us with answers alexis glick of the fox business network, former white house press secretary and fox news analyst dana perino. good to see you. here we see the political reports. he's starting to sweat for the first time in his presidency. how much trouble is he in politically? >> well, the stakes are very high, he's raised the bar. he's not even supported by his own party, and the congressional budget office numbers that came out over the past three weeks are really hard to overcom

going to take place, and when he says he's determined it's not going to add to the deficit, charlie rangel's bill, which he's working with, has $550 billion that he can't account for. bill: so you think that over $500 billion in a ten-year period will be added to the debt we already have. >> i can't be sure. oh, yeah, $500 billion, yes. bill: in your book, "catastrophe," you list a number of unintended

bep embattled house ways and means committee chairman charles rangel has spent $280,000 in legal feesn the last quarter al alone. the congressman's mosts recent financial disclosure report shows he paid that money to four different law firms. he has spent $8928,000 in legal fees over the last year. rangel is facing a number of investigations by the house ethics committee, including inquiries into whether the core spratt sponsored trips he took to the caribbean complied with house rules and if he inappropriately used his official stationery to raise money for a public center in his name. there is also questions over his use of a four rent-subsidized apartments in new york and his failure to pay taxes on a vacation home in the dominican republic. house investigators say it could drag on into next year despite assurances last year by nancy pelosi that they could be completed by the beginning of this year. hillary clinton is said to be at odds with the white house over her selections to fill key positions at the state department. "the new york times" ortsds, quote, mrs. clinton's candidat

charlie rangel says -- >> we've been dealing with this bill for over six months and we've had hours of hearings and the fact that it's not bipartisan is not because we democrats don't want to have a bipartisan bill. we don't have any republican answers, easy to say what you don't like about this bill, but it would be far more constructive if we had something to work on. >> there are republican proposals. >> correct. >> especially in the house, the democrats have a huge majority, they don't get much traction. >> charlie rangel is right to some extent, republicans have doesn't very much at all to move this process forward. you have to say that objectively. that's a fact whether the republicans like to hear that or not. on the other hand democrats have huge majority, they have to govern. got the white house, they've got the house, the senate. you've been talking about the idea is to push this through both chambers before the august break, then you come back in september, work out differences in the conference committee. that's the normal process. but i've been hearing, in private, white h

because when he had -- and he has untangled himself from quad rangel. it was acrimonious and he is no longer with that firm. it's a hedge fund and they decided to get into the pension fund. they paid a guy last name morris some money and there were kickbacks apparently according to the investigators and somehow this car czar got all tang gld up in it and that's the problem with these czars. here he became the car czar and there was. no look at sonia sotomayor she has gotcha confirmation hearing up on capitol hill today. and she is completely vetted. these people who are czars and now we have 32 of them, i believe. who looked into their background. now steve ratner is going back into some sort of business. >> you have got to think about, this when the czar, it's almost like a shadow government. they are not vetted. they are just appointed. who do they report to? what's the hierarchy? is czar above fully vetted congressional nominee put in place or is it the other way around? gretchen: direct pipeline to president obama and the interesting thing here is t

when it comes to funding a massive health care overall and that includes representative charlie rangel's proposal for a new tax on the wealthiest americans. sebelius appears on cnn state of the union this morning saying all this. >> the bottom line is it's got to be paid for and that we all have a shared responsibility, that we all need to play a role. the house and senate version also have employers included and individuals included. what's been remarkable, wolf, is the stake holders in the early '90s were the most vocal opponents of anything changing in the health care system. are really at the table with their own suggestions of how to pay for -- >> just to be precise you're open to charlie rangel's proposal? >> well, i think everything is on the table. >> as politicians debate, the best way to reform health care, they're looking for models everywhere. all over the world. in different states. one county in maryland has come to light as providing one example. our kate bolduan was there. she spoke with a woman who says the county's plan saved her life. >> reporter: you can't tell now, b

charlie rangel wants to tax the rich, estimating that would generate $550 billion to fund the bill. but republicans and some democrats are distancing themselves from that plan as leading democrats say they are trying to eke out funding while sparing the middle class. they also need to appease financially or i should say fiscally conservative members of their own party who are worried about the massive price tag. >> to the extent that we can squeeze more out of the system for savings, reduces the need for the pay for but it will be at the high end and not touch the middle class. shepard: not touch the middle class. we have heard that a few times. james rosen from washington. break it down for us. who would have to pay for this plan. by the way, what's the middle class again? >> yeah, well some of the folks identified as rich by charlie rangel the chairman of the house ways and means committee may not feel that way about themselves. break down the numbers for you. under the rangle plan starting in the year 2011. individuals who earn more than $280,000 a year and couples who make more

just to be precise, you're oepen to charlie rangel's proposal. >> well, i think everything is on the table. >> republicans were quit to shoot down that surtax proposal. >> at least 55% of the income that would be generated by this surtax directly hits the entrepreneurs who runs these small businesses. it would be a job killer and it would be exactly the wrong thing to do any time, but especially when we're in the middle of a recession. >> many democrat senators are ruling out a proposal that would attack employee health benefits. >> i think what we've learned over the last week that on both sides of the aisle, people do not want to tax the benefits. democrats and republicans and given what the house has done, given that a majority of democrats are against taxing benefits, no, i don't think that's going to happen. >> the other big story in the sunday conversation the revelation that shortly after the 9/11 attacks, the vice president dick cheney ordered the cia to order information from congress about a secret intelligence program. democrats and even some republicans were critical and

in the m meengng was charlie rangel, cirman of theayayand means cocomtttt.e p prentnted pl that would tax the wealthy to lp pay f fo reformrm families making 3535000, $500,000, and $1 mililli aear would get tax r rat between 1% and 3% on theinccree.e. ngngel expects his plan wuld bring in about $450 billion i i revevenuovov the nextxt ten yea. some democrats a andven the secretary of t theealth and manseseices showed skeptpticmm this weekend.. >> the house democrats are coming forward with a aieiece o legigislioiothat includes a 50 billlliotatax increase. with a surtax aboutt 1% that starts for individuals earning about $250,0000 year, climbing toto% for individuals earning $1 mimillnn a year or more.e. can senatat democrats signonon that? >>>> ihink we're goioingo o ve a fferent approaoa. . >> i think at it's one of the eaeas at will beiscussed in the l lgg run. >> just to be precisese you're en to charlierangel's propopos?? >> i think eveveththinis on the table anand discussions a a und way. that table. at tatab's awfuful big. joining us is dememoctitic st

of course, we know that they are efforting a bill asap as you just heard from charles rangel. wall street here and the activity, we're basically back at the highs of the afternoon, not a major move, obviously. about 20 points higher on the dow jones industrial average, holding above 8300 at 350 on the blue chip average. we are in a show me market where we are waiting on a number of earnings coming out after the bell and into the next two weeks. goldman sachs reporting earnings as expected better than the consensus estimates. nasdaq getting a bid by about 6 points today. money moving into technology and the s&p 500 fractionally moved today with a gain on the session of 3.5 points.. oil once again a factor in this market under $60 a barrel. joining me bob fa sanny, with me. bob, what strikes you what you just heard in washington or about what investors are focusing on today? >> how amazingly fast they are moving this health care legislation through. they're paying for it partly by raising taxes on people making over $350,000 a year and don't kid yourself, maria, it could go up 2

. >> and the chairman of the house ways and means committee, charlie rangel has been quoted saying, weaid this in the hallway "no one wants to tell the speaker she is moving foo taste and they -- blank -- sure don't want to tell the president" from charlie rangel, concerns on the hill about the cost containment aspects here. >> absolutely and the president shares those concerns. he's working closely with members of congress. he met with the so-called blue dogs yesterday, who are very focused on fiscal pathway out of this deficit spending we've been in, visited with republican members and democratic members and i think there's a general agreement that we need to strengthen the final work product, make sure that in the long run, we have a lower cost out over not just the first years of the bill, but out into the future. we know it's possible. it exists in places like the mayo clinic and -- >> are we going to tonight, is the president going to lay out what we want and been waiting to hear what proposals would come from the white house with his endorsement? >> i think he's been very specif

healthcare bill is kind of out of control, as with almost anything congress does, the stuff -- >> rangel said this week that they're going to start taxing -- they're going to add a surcharge to anyone that makes over $500,000 a year, then $750,000, they are just doing everything they can to make this thing bigger and bigger and bigger, and they still can't provide healthcare for everybody. and why in the world does a jungle gym going to help an obese adult? >> but the thing is we're always treating the symptom and not the problem. you know, the actual problem, we've talked about for months and months, is, a, you have people month who have these health benefits they don't tax, so therefore, they spend money like they don't have it because them don't care. and then you get doctors who get paid per treatment, and they get more money to treat. those are the two problems this. does nothing to deal with the problems. >> what about those who don't have the healthy society? >> and reduce cost of drugs. subsidize instead of jungle gyms. >> charge less healthy people more money, and guess what, ma

is their frustration with the liberals that run the committee, waxman of energy and commerce and rangel on ways and means, that they are driving the train on this? >> it there is a growing frustration, not only among conservative blue dogs but across our caucus of big items being put before us with an artificial deadline and in rushed to the committee process on to the house floor. i tell you what the american people want -- they want health care reform but they want us to slow down, get it right, and ashley have time to read these bills that we are voting for. >> mike ross is the chair of the blue dog democrats. a democrat from arkansas, pinky for joining us. -- thank you for joining us. we continued the conversation with david kdavid clarke abd ana edney. after the sotomayor hearings, this is now front and center. >> the house may need to start over, and given what the cbo has said about the cost of health care. he was talking about amendments but not having any specifics right now. they may be looking to the senate finance committee for this issue. they're the only bipartisan hope fo

rangel? >> thank you.reat orchestra called the house of representatives with the great auk russia -- great orchestra leader. we were able to come together to get this great ship that the president wanted to get out, which is national health insurance. we feel so proud that we will now be able to join the family of nations where we can show that we care about the health of people. we care about the quality of people. we will be able to say that whether young or old or black or white, that in this great nation, you will have health insurance. it is not just keeping down the price of health insurance. it is also making certain that america can continue to be competitive. on this ship, what we have been working on is to make certain we have a health system we can be proud of, that we can have primary care, that we can have hostilities that provide quality care, that we can have people going into the business to make life better for so many people. it is so important that we have done this. the matter what the

rangel, from new york for his service to the nation. i thank all members of the military for serving this nation. and i very ardently support this. i appreciate judge poe, your yielding me some time. i yield back. the speaker pro tempore: the gentleman from texas yields back the remainder of his time. mr. poe: i continue to reserve. the speaker pro tempore: the gentleman continues to reserve his time. the gentleman from georgia. mr. johnson: i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas. mr. poe: i yield myself such time as i may consume. mr. speaker, the korean war is an odd sort of name. in that it was first never called a war. back when men went to korea, for some reason somebody in the press decided to call it a conflict like it's a street fight or something. and because of that i don't think that the korean war veterans have received the recognition that they deserve. this was a hard fought, bloody, cold war. 34,000 americans died. 92,000 others w

rangel, and subcommittee chairman, mr. leaven, have been extremely -- levin, have been extremely cooperative in resolving questions between the two committees. i would note that staff at all levels of our committee, in the minority and on the majority, rachel and eric have have been of enormous value. the come paint made by my colleague -- complaint made by my colleague about the exclusion of members i can't comment on. i can only say we have tried to include everybody in this process as much as we could. and we have brought in industry which supports the bill. more importantly, i say this to my friend with affection and respect, the reason for a lot of the changes that they are talking about have been that right up to the time that we have brought this bill to the floor, we have sought to see to it that we included everyone and had took advantage of the wisdom of all the members that we could possibly take advantage of. the legislation will address from the point of origin to the consumer's table. it will enable us to get

. >> there was another interesting moment in this session where charles rangel, the chairman of the house ways and means committee, which has already put forward its version of the health care reform bill, showed up at this markup session. why did he show up? one of the republicans on the committee put forward a proposed amendment that was rejected that would have affected the taxation plan that charlie rangel put forward in his committee to pay for health care. gregg: somebody stepped on his turf. over on the senate side, the health care train seems to have come to a stop. what is up there? >> we were expecting more meetings on the senate side of things among the gang of six. that is the committee that is taking up health care legislation. what we have heard is that one of those members of the gang of six, mike enzi was meeting with charles grassley and one of their colleagues on the house side. they said that the senate version that is being debated is, in the words of mike enzi, a train wreck. the senate side will not likely put forward its version of health care reform before the sena

this week, chris will welcome charlie rangel for an interesting conversation. that is this sunday. athletes who will compete in this year's iron man championship triathlon. he will have to bite and swim and run over 130 miles. but most impressive, this gentleman will turn 70 years old next month. his remarkable story will join us, and his source of inspiration is something inclllllllllllllll bret:gregg: the triathlon. imagine competing in that at the age of 70. in october, one man will do precisely that. he has competed in eight finance competitions, but this time, it is a little different -- eight triathlon competitions. shepard smith has more. shepard: he is nearly 70 now and getting set to compete in the iron man world championship in hawaii. the texan will be one of only two better athlete running, swimming, bicycling their way through a course that stretches 130 miles. >> if you were a baseball player, it is like a world series. for the football player, it is like the super bowl. it is a big deal. shepard: george has beenç doing triathlon's for years, but this o

reporters have now said that they overheard charlie rangel say -- now we go to washington, d.c. for more. does the speaker have the votes? >> the republican counterpart this not sound convinced. >> i don't know if she has the votes. she knows whether she has the votes or not. it is clear that they are going to rush ahead and put this risky scheme on the floor as early as next week. >> it is not just republicans casting doubt, one blue dog democrat doesn't think that the speaker has the votes. shepard: on the senate side, some harsh words back and forth with the majority leader accusing republicans not caring about people without health care. >> this could be the waterloo, you have to put the brakes on. harry reid to the floor this morning to call out jim dem int. he said, you want to be irresponsible. shepard: any comments on the actual bill? >> that is the mystery. the senate finance committee keeps meeting behind closed doors. the chairman is continuing to say we are making progress but he says we still have a long way to go. the group of seven, the bipartisan group that was h

. >> charlie rangel, the guy who wants to charge the wealthy more than 5%. >> and threw down an aggressive deadline to get this done. that's in a few minutes.s. we need to get to our private equity discussion. a lot of those firms have been taking a beating over the past year with some of the deals. send russ stands out. dennis and david carrie of "the deal" takes a look at some of the p/e deals. well come. dennis, i start with you. you say these are coming in dribs and drabs only but different than they used to be. they're looking at distressed d debt rather than the traditional equity position. >> it's so amazing. these guys are so adaptable. remember, just a few years ago, they were going around the world raising tens of billions of dollars to buy big targets like txu and hca and clear channel. now they're sort of back to their roots. down and dirty guys, buying up the debt.. >> that's smart, isn't it? isn't that the smart thing to do? >> that's the irony about private equity right now is that there are great opportunities to buy companies that are in an earnings fallout or just need ca

the democrat from new york, charles rangel, who said the plan is that they will find a lot of savings, and they think they can raise $550 billion by raising taxes on the so-called rich. individuals making above $280,000 per year. you would see your adjusted gross income tax at an additional 1%. it would be higher for couples and individuals making more than those figures. some democrats have said that will not work. among them, dick durbin. megyn: that is part of the problem. they are worried about small business owners who are taxed as individuals. they're worried about jobs go away. i guess they will try to resolve this. when do we expect this to come to vast? we had heard the president wanted something by august. >> that is looking increasingly unlikely, according to leading democrats who made the rounds on the sunday morning talk shows. looks like that goal is slipping away. we doubt that the president will have anything to sign by the time the august recess happens. it is looking unlikely that he will have anything presented to him. fox news has confirmed that there's no finance

charlie rangel came to this conclusion that they were going to pay for about a half trillion dollar package through savings, the other half through a tax on people making over 200 e thousand dollars per year. -- $280,000 per year. bret: a second source is now saying that attorney general eric holder is leaning toward appointing a special prosecutor to looking into the bush interrogation methods. where that goes from here will be fascinating. megyn: without further ado, the affirmation on why sonia sotomayor and i have the same outfit. sometimes women like to coordinate their outfits. right? you are familiar with this, men, are you not? how can i get word to her of what i plan to wear? it dawned on me, i know exactly who to call. here he is. yes! so, the president gave her a call, letting her know to where the turquoise with the black underneath. it worked out there -- brilliantly. >> slightly different shape. they both look good. [laughter] we are back with complete coverage of the confirmation of sonia sotomayor, tomorrow. megyn: see you tomorrow, folks. shepard: a process that could have

. >> to be precise, you're open to charlie rangel's proposal. >> well, i think everything is on the table. >> what wolf blitzer was referring to was the proposal backed by house ways and means chairman charlie rangel. it would place a surtax on some wealthy americans as a way to pay for the final bill, but republicans have been quick to jump on that idea. appearing on abc's "this week," senate minority whip jon kyl says the proposal is a nonstarter as far as the gop is concerned. >> at at least 55% of the income that would be general rated by this surtax directly hits the entrepreneurs who run these small businesses. it would be a job killer. it would be exactly the wrong thing to do anytime, but especially when we're in the middle of a recession. >> we're learning that cia director leon panetta told members of congress the agency withheld information about a secret counterterrorism program on the direct orders of then vice president dick cheney. that is coming from a source knowledgeable about panetta's classified briefing to lawmakers. the program was instituted before panetta took over

and now charlie rangel has come out and said we will in fact pay for this healthcare plan by taxing theividuals that make $280,000 or more per year. the couples that make more than $350,000 per year. they say this will pay for $550 billion on this healthcare plan. the problem is, who does it hit? digits small business owners. we talked about that time again. >> ainsley: this is what barack obama said about it in italy on friday. >> whatever bill is produced has to be paid for and that creates difficulties because people would like to get the good stuff without paying for it. and so there will be some tough negotiations in the days and weeks to come. but i'm confident we will get done. >> imagine the republican response. the house leader john banner had this to say. he said in the middle of a serious recession with unemployment nearing double digits nationwide, the last thing we need is a tax increase on small businesses which will cost the american economy or more jobs. but cap is $280,000 per year. that would be people paying on this plan. $280,000 with three employees working for you.

. >> the whole pan no ply of charlie rangel taxes, payroll tax, high in income tax, capital gains, you're saying that senate, off the board. >> we're waiting for max baucus to come up with the senate version and they've shown aversion to raising taxes to pay for health care. >> daily hutchison has the republican response to this house tax health care bill. what's the senate bill? we'll hear from miss hutchison in a moment. i think this whole plan is totally anti-growth, that's just my take.ll ion with the world's leading companies. together, we're helping to shape the exchanging world. nyse euronext. powering the exchanging world. we have ever created. a car that can help awaken its driver if he begins to doze... keep him in his lane if he starts to wander... even stop itself if he becomes distracted. if you want to see the future of the automobile, just look at the new e-class... today. this is the 9th generation e-class. this is mercedes-benz. >>> the subject is the big tax and nationalization health care bill put up by the democrats in the house and senate. here to respond for the repu

consider this comment from house ways and means chairman charlie rangel that was overheard tuesday "noo fast and they damn sure don't want to tell the president. " chrysler says it will match the government he's cash incentive for people who trade in gas-guzzling vehicles for more efficient new models. chrysler will offer up to $4,500 or zero percent financing on most of its 2009 chrysler, dodge or jeep models. chrysler says it will pay up, even if buyers are not eligible for the government's program, which will also offer up to $4,500. the dow awinning streak was broken today at 7, industrials off 4, and s&p 500 dropped about a half a point and nasdaq rose 10 and change. the president takes his healthcare reform case to the people. the fox all-stars tell us what they expect to hear and weigh in on some new developments, when we come back. taking its rightful place in a long line of amazing performance machines. this is the new e-coupe. this is mercedes-benz. you can walk with a purpose to end alzheimer's... by joining us for memory walk. [ man ] you invite three people. [ woman ] and

rangel? >> thank you, madam speaker.feel privileged to be a part of a great orchestra called the house of representatives with a great orchestra leader who has brought us together, sometimes in the afternoon, sometimes in the evening, and now in the beginning of the morning. but we were able to come together to get this great ship that the president wanted to get out, which is national health insurance. we feel so proud that we will be able to join the family of nations where we can show that we care about the health of people, we care about the quality of people, that we will be able to say that whether young or old, black or white, that in this great nation of ours, you are secured with health insurance. it is not just keeping down the insurance, but also making sure that america can continue to be competitive. so, on this ship where we have been working with our friends on the other side of the capital is to make certain iwe have a system to be proud of, hospitals with quality care, nurses and people going into the he

voted for for cap and trade bill and will vote for a health care bill all be it not as bad as charlie rangel pointed out. i agree, i could have sold out one day early. >> a day, we could be going back to lehman brother levels. >> steve moore, what do you think about this portfolio kneeling terrible idea, the dow is going to 12,500 by the end of the year. i said in may when the stress test results were released, come the end of june, the market would smell recovery and take off. i was off by seven day, that's not bad for an economist, especially one that teaches in a cow college. that said, i don't expect the guys over my shoulder to solve this problem, i want them to leave it alone, let american capitalism thrive, stay out of health care and can cap and trade and let the america's natural economy, let it recover. >> inside the economy, to the meat and potatoes, joe, welcome back. you have 47% firms reporting, 77 beating estimates by 27%. i understand they're not all declaring rising profits yet. the beating of expectations has had a gigantic impact on this remarkable two week old summer rall