Thursday, October 25, 2007

Wherever you can look - wherever there's a fight, so hungry people can
can get a good table at the Gotham Bar & Grill, I'll be there.

CAVUTO: Throw in a Fox News alert for you. It is being called the mother of all tax hikes. Democrats unveiling a trillion-dollar tax plan today, it includes a 4 percent surtax on people earning $150,000 a year. Now remember when a million bucks was considered rich only last year at this time? So are these tax hikes going to stop people from striving for success? Let's ask Fox Business Network anchor Cheryl Casone. We've also got radio talk show host Ben Ferguson and Ari Melber, a writer for The Nation. Cheryl, what do you think?

CASONE: Well, you know, it's funny, because when you talk about these tax hikes it makes it sound so easy. But $150,000, $250,000 when you're trying to get by in a lot of cities in America -- not all cities in America -- but that amount of money is not what it used to be...

CAVUTO: Ari, I will get you in here, my friend, I just want to focus Cheryl on this point, and that is that the definition of the rich keeps changing. Unlike a lot of politicians, at least, you know, Charlie Rangel kind of put figures to that sentiment, unlike a lot of others. But I think that the concern is no presidential candidate has repudiated this, so I would assume that everyone welcomes it.

CASONE: Welcomes the actual -- that we tax people who are making $150-250,000?

CAVUTO: Right.

CASONE: If you've got a wife and kids, two kids, you're making 250, in a lot of cities across America that's not that much money.