.larry_kudlow: The GOP House has the only plan to raise the debt ceiling
Rep. Dan Bishop, R-N.C., and Rep. Byron Donalds, R-Fla., provide insight on debt ceiling negotiations on 'Kudlow.'
I don't even know what that means, because, for two years plus, we haven't heard a bipartisan word out of Joe Biden, but then he launches into tax policy with this "There's a lot of things that they refuse to look at in terms of tax generation, as well as what kinds of people we're going to increase taxes for...We went from having roughly 740 billionaires to about a thousand billionaires in America. They're paying an average tax rate of 8%.
The CBO, the Joint Tax Committee and IRS numbers all show that the wealthiest people in the country pay roughly 42% of total tax revenues. No other group comes even close and if Hunter Biden's tax returns were counted, then the wealthiest 1% would pay an even larger percentage and, unlike President Biden, I'm glad the United States is producing more and more billionaires. That's a sign of prosperity. They are great job creators.
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