Jan 29, 2013|
Barbara Anderson, Citizens for Limited Taxation
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
Welcome back into the financial exchange and not signal a lot of movement on the board in front of me that this is what it looks like the Dow is down three points and actually Dow was up three points excuse me. The S&P is down three NASDAQ down to oil trading up nine cents to 9653. Gold. Is up 7981660. To -- US treasury slightly to one point 965. -- and this is for your friends who were turning beach 66 sometime during 2013. And they're gonna begin collecting their Social Security this year the maximum Social Security retirement benefit. They can be received by an individual. Reaching full retirement age during 2013. Is 2533. Dollars a month so there you. Right our guest is Barbara Anderson Barbara is with the citizens for limited taxation good morning Barbara power. So let's take a look you you caught my attention last week when you published your top ten by you're an at -- that goes on David Letterman show. You're top ten reasons not to support. Governor Patrick tax package. I'm surprised you stopped it ten. Put not artifact out of five you don't want to make demand of the legislature to unlock it and think and it's not that I bet that I. Gordon's car pocket rocket did -- I remember catch is that the government thank you mom and dad got to be on big cattle and it -- attention. You with a one thing that struck me -- and I am really glad you brought it up was. -- the the governor came out and said I want higher income people to pay a lot more taxes. But many of the tax deductions that he's eliminating dozens if they don't impact high income people they impact middle class workers. Not -- this -- like that I can just happening are well suited to Walt people expect. Pat down and that. Talk about that much at -- but it was a number forty by deduction. Would ever think that Beijing and thank. Find out what it is about he doesn't want to announce but at rattled us. And that it is obviously. A child not to -- tech dot anymore. On -- if you wanna sell off. Yeah and if you want to if you wanna sell your house right you'd eat -- can't sell tax free if you're Massachusetts resident. Yeah and I often think that would impact them Democrats -- end and stand and president. Keep talking about caring for you and that -- agent noticed also an immediate. They've got a problem with upper -- thing because in this state would not not have a graduated tax and then we're talking about how. Doing it get a actually contacts important government department to court that don't allow -- are graduated income taxes. The whole thing is just like amateur does nobody doing that -- -- about a possible tax increases and not just part of the -- -- and but the legislature will go for and it in the legislature. -- -- -- because they kept the whole thing. Then it one of the things he pointed out which I thought was quite astute was. He says again he wants to lower the sales tax from six and a quarter to four and a half but what's to stop them from raising it the year after he lowers. The funniest thing because it's hard and that guy just increased to failed cap. Like liberals often talk about not likely but still not -- the app because it's -- So they can make that argument can't make it increase its Arafat is. Six point two I think I a couple of years ago. Going to -- to him not come back next year when you are running for reelection but what year. And -- don't have a fiscal problem. Solving an. Come back OK if the -- -- -- a lot faster it was income tax term. You know Barbara I I've reached out to the governor and and asked him to come on the show haven't heard back from them yet. A horrible letter. And I asked specifically. About spending cuts that were proposed in his. State of the commonwealth address I couldn't find one example of a significant spending cut how about you. You gonna have to find out what his definition of spending cut it cut -- public traditional. Critic. Spending by this spot. And we didn't because of course we didn't have the tax increase to do it. -- what do you think the chances are of this bill or his his tax playing getting through the the Massachusetts legislature. If I expected by Everett all might is that what you tax increases culture that legislature. Are stopping in some cases I've ever seen anything like. Where some that came to crafting realities of a legislator is just I thought it would ultimately. I expect him. -- lines and extra could be the other hand it's awful much after the presidential campaigns. Can't stop talking and a lot of Republican -- stated I think you could do a lot better at fourteen -- tax -- like this and. All right well Barbara we appreciate your time thank you very much. Barbara Anderson citizens for limited taxation take a look at the list it's posted on the website. Citizens for limited taxation is the site you wanna visit. Our next guest is Matthew are -- -- from the Motley Fool we've got a couple stocks and you're gonna wanna hear about these two stock picks come in from the Motley Fool Matthew Vargas during our singer's next.