Clinton: Obama's millionaire's tax a good idea

Bob Schieffer spoke with former President Bill Clinton on President Obama's proposed plan to increase taxes on millionaires, how to put the unemployed back to work and how his Clinton Global Initiative will help create jobs.

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[coltor9]

An excellent idea and long overdue, like 10 years overdue! Send them a tax bill for the past 10 years as Bush, scammed us.

We've got Americans all over the US living in TENTS, even with their children!

It's disgusting.

The GOP reign of greed needs to end, NOW!

[coltor9]

@BlackRepublican2010 Raising taxes on millionaires is the right thing to do and over 80% of Americans AGREE. You're in the minority.

Clinton raised taxes and the economy was good.

You watch too much Fox News.

[Tikiman03]

@Tikiman03 was*

[Tikiman03]

I wish Bill Clinton were still president.

[MetalDetroit]

@DarklyDreamingRahu At the start of Bush Sr's term - no one had even HEARD of the internet exept the most intense computer geeks. Please explain - if you can - HOW increasing taxes improves an economy. you cannot - because it doesn't.

[MetalDetroit]

@DarklyDreamingRahu You are wrong in both accounts - Economists generally view that FDR EXTENDED to Depression by 10 years by his economic policies - it was in Fact the increased production due to WW2 that pulled the U.S. out of the Depression. As for Clinton - Bush SR. Had BEGGED Allan Greenspan to cut interest rate - saying the economy would take off it was lowered. Greenspan did - AFTER Clinton ws elected. He also had the tech boom -

[TaxRevolution2]

@DarklyDreamingRahu I would love to see your numbers. Please send me the link. 38% is 40% if you want to get your point across. BTW: It has nothing to do with greed. That's what you leftest think.

[DarklyDreamingRahu]

@TaxRevolution2 Actually, it is 38.02% of all federal taxes. In the 50's, you know, the mythological golden period, they paid 85% and they still lived in beautiful neighborhoods. They still lived nicer than anybody else. They still owned multiple houses. Your argument is flawed at the core. Greed is not an argument against compassion.

[DarklyDreamingRahu]

@eric090909 Clinton was pretty presidential while he was president as well.

[DarklyDreamingRahu]

@MetalDetroit Honestly, I could show you lots of examples where raising taxes on the wealthy "HELPTED" the economy. From FDR to Bill Clinton, it is historically successful.

[MetalDetroit]

@coltor9 Under Clinton there economy was going well - but he also had the tech boom. Internet companies ( Under George H.W. Bush barely anyone had even heard of it) there was a boom and a bust as companies took off and were soon belly up as people realized that Internet companies didn't actually MAKE anything. George W. Bush also had a MASSIVE downturn in the economy that cost 100's of BILLIONS of dollars because of Sept. 11th.Clinton did NOT have that to deal with it.