December 11th, 2010
08:20 AM ET

Ackerman: 'Wealthy people got everything they wanted on their wish list'

Democratic New York Congressman Gary Ackerman talks to "American Morning" about why he’s taking on President Obama’s tax deal.

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Filed under: Politics • TV-American Morning
soundoff (30 Responses)
  1. poorman12345678910

    Gee thanks, congress i need the unemployment extension. good ol america letting americans suffer, by playing russian roulette at the needys expense. And we wonder what measures we can take to prevent terrorism hell congress is the only act of terror as of now if this bill doesnt pass. Then once again obama can give a textbook speech
    when something terrible happens because of the failure to pass this bill. BRAVO congress!

    December 11, 2010 at 9:19 am | Report abuse |
    • Realitycheck

      As a longtime Dem middle class voter, I have to say, Democrats, Just Stop Already; stop being short sighted contentious and absurd; pass the bill already. Yes, the tax breaks should be for those with incomes under $250K, but whatever is written as 'law' is only worth the real life enforcement...No matter what, the RICH NEVER PAY anyway; even some repubs have admitted "well, the wealthy don't pay anyway due to tax shelters, tax loopholes, offshore accounts, etc."
      Stop wasting taxpayer money on this back and forth squabble crap and be productive before the holiday recess.
      Really, law or no law, the rich have thousands of ways to hide their money...'legally'...(shakes head in disgust); but at least help the other 99%.

      December 11, 2010 at 1:52 pm | Report abuse |
  2. Ant

    I think it's a good deal for midle class n for people who out of work. The thing is that if Obama doesn't take that deal the 97 or 98% of americans will pay the price in 01/11. In fact the GOP reedy to let the 98% of americans suffer if Obama doesn't accept the deal. In my understanding the GOP is working for the 2% of americans not for 97 or 98%.

    December 11, 2010 at 11:17 am | Report abuse |
    • Ancient Texan

      The Republicans want the tax cuts extended for all Americans. The 2% you call "rich" includes most of the small business owners. They provide jobs when they know what they are facing in 2011. Increased taxes, increased healthcare cost for their employees, and increased state and local taxes to meet federal mandates will stop rehiring in it's tracks.

      December 11, 2010 at 11:28 am | Report abuse |
    • Diana

      In case you hadn't read or heard, Obama already took the deal. The GOP was holding the unemployment benefits hostage until they got a tax break for millionairs and billionaires and they got it from Obama, he said the middle class should not suffer because of that, so there was an agreement. However, the Democrats in the house did not agree, they said the country could not afford the approximately $700 billion it would take to give the rich tax breaks, but they are expected to eventually come around. The wealthiest Americans are not hurting and don't need the tax breaks, but so it is, more added to the deficiet. The unemployment benefits are a necessity with the unemployment.still so high.

      December 11, 2010 at 11:32 am | Report abuse |
  3. Al

    Maybe off the subjsct but I wonder how much tax revenue Uncle Sam looses by allowing so much outsourcing off sure? Enough to defend the country, provide health car and old age security? What happened to one "man" one vote.?

    December 11, 2010 at 11:34 am | Report abuse |
  4. Diana

    The small business owners are NOT millionaires or billionaires, most make under the $250,000. It's the Bill Gates of the world that are and doesn't need the tax breaks.

    December 11, 2010 at 11:35 am | Report abuse |
    • UMC

      I'm one of the 2% you refer to. Contrary to popular (mis)perception, we do pay our taxes, and we pay a lot more than those who make under $250K. We don't have some exotic, nefarious shelter that's unavailable to the middle class. Even under those "unfair Bush tax cuts", we pay a higher rate, and a much higher dollar amount, than those under $250K. In fact, the top 5% of earners pay more than 60% of the nation's taxes – under those "unfair Bush tax cut" rates. So if I'm already paying a higher rate than you, how is it "fair" that my rate should be increased still higher, while yours stays the same?

      December 11, 2010 at 5:34 pm | Report abuse |
  5. Al

    Oh yes, how could I forget? Off shore jobs coming home? Would that help Unemployment? Maybe it is time to bring our armed forces home and our jobs. We could throw a welcome home part to beat them all.

    December 11, 2010 at 11:39 am | Report abuse |
  6. texn

    Sorry ancient texan I aint buying that whole story. if those 2percent create all the jobs and help the economy why aren't the 2percent hiring and stimulating the economy now those tax rates have been in place for years now!

    December 11, 2010 at 1:20 pm | Report abuse |
    • Ancient Texan

      I think I explained it pretty well. When you have no idea whether your tax load for next year will be and you know you'll either pay more for your employees healthcare, or pay a penalty, you will not hire more employees from a preservation of the business standpoint. Yes the tax cuts have been in effect but the economy and sales have been flat for the past 2 1/2 years. A small business must be cautious in these times or go bankrupt. We are not talking big corporations here, but Mom and Pop operations.

      December 11, 2010 at 8:36 pm | Report abuse |
  7. Jay - Michigan

    I do appreciate small business and small business owners, but let be very real. Giving tax breaks to small business owners and wealthy people in the name of job creation is at the very least a myth. In my opinion and its just mind it is a bunch of BS. If these tax breaks which have been in place for 8-10 yrs or so are so helpful in job creation then someone please answer why jobs keep getting outsourced? So give a tax break to outsource jobs nice. If it is not true then why is there always a net outflow of jobs and not a net inflow. As for small business owner creating jobs with these tax cuts. Most small business owners only pay minimum wage or not much more. Minumum wage is poverty, unemployment pay's just as good if not more in some cases. Small business owners can write off the employee at the end of the year anyway.

    December 11, 2010 at 1:24 pm | Report abuse |
  8. josh

    The rich have overstayed their welcome in this country, kick em out because they don't create jobs they ship em overseas

    December 11, 2010 at 3:02 pm | Report abuse |
  9. Protoman

    Go to americaspeaksout.com and tell the incoming Republicans you want outsourcing taxed heavily or made illegal. I'm sure they'll listen. Boenher won't even bring it up even though thousands of people are demanding they address the issue. If they don't listen to us then they must be removed from office by any means necessary. They don't care about us after we vote them in. Neither side seems to have a brain or a heart.

    December 11, 2010 at 4:54 pm | Report abuse |
  10. duke

    Ancient texan!!
    Stop spouting hannity news"facts"??
    Small business owner are not in the 2% percent who will greatly benefit from this system draining tax plan(that by the way has been in place for the past 10 years)!!
    The tax "cut" itself should never have happened,
    It adds 3trillion to the debt over a ten year period?
    You "people" should wake up from this wet dream your having.
    And to think bush's approval numbers are up,go figure??
    Wake up America,it's not funny anymore!!

    December 11, 2010 at 5:42 pm | Report abuse |
  11. vegasmama

    Iam glad someone having xmas!both my husband r out of a job we dont have money to even buy a gift for our five kids and two grandchildren. i have a daughter who just found out yesterday she got denined her unemployment my other?daughter is having to pay for her own braces and college, and we havent had gas for?seven months,she saved and got that turned on so we could bathe,now we dont have any groceries, i would love to be able to bake a xmas cookies as a parent it so hurts to not be able to provide for our kids no matter what age,i cry all the time,again grandma cant even send anything for the two grandsons, so merry xmas to u all cause were r not having one

    December 11, 2010 at 6:05 pm | Report abuse |
  12. ori

    Well God Bless You Any Way People Are Selfish And Don,t Believe In Helping One Another, I Can,t Afford Anything For Christmas Either and Don,t I Have Two Children I Feel All Alone In This World I Don,t Even Have A Coat And Boots Niether My Daughter Or Son Just Trust God..... He,ll Work It Out Thats What They All Say That Hang In There.

    December 11, 2010 at 8:12 pm | Report abuse |
  13. Ancient Texan

    Those cussing the "rich" (I'm not one of those, being on the lower end of middle class) should ask who is going to supply jobs that we need so bad, if we "kick them" out. I spent 55 years in the workforce and never saw a poor or unemployed person start up a successful business. I worked for many small businesses that barely got by and were caught in the government's tax sights because his sales volume was high, but net profits were 5% or less. $250,000 for anyone in business isn't in the RICH category.

    December 11, 2010 at 8:48 pm | Report abuse |
  14. RUFFNUTT

    i think rich people owe us poor people for being so rich. i cant find a job around here so i forced to stay at home and smoke and sell weed. i think we need more benifets for single mothers for sure. i have 6 kids and thier moms need money for diapers and stuff. they should atleast make it so i can stay more than a couple nights at each babies mommas house and still get there welfare money.

    December 11, 2010 at 10:08 pm | Report abuse |
  15. Bob h Bob

    Please God let me be a derivatives trader for just one year.

    December 11, 2010 at 11:37 pm | Report abuse |
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