Denis McDonough on Adm's domestic, foreign policy priorities ["trust funds,"tax rate,prisoners]

Fox News Sunday ^ | January 25, 2015 | transcript

[Cincinatus' Wife]

...WALLACE:The White House has made it clear that it flatly opposes paying ransom..now,ISIS is making a new demand,offering a swap of the Japanese hostage for a terrorist being held in Jordan.Is that something to be considered?

MCDONOUGH:You know,our policies are pretty well set..We don't get into negotiation with terrorists.We don't pay ransom..we're not going to do that.

WALLACE:And a prisoner swap?

MCDONOUGH:We're not going to do that.

WALLACE:And you would advise the Japanese not to do that...

...WALLACE:..the president wants to pay for free community college,for increased child care tax credits by raising taxes on the wealthy,$210 billion over 10 years..

....WALLACE:..during the Obama years,the top capital gains rate has jumped from 15percent to 23.8percent,and he'd now like to raise it to 28percent.And the top income tax rate has gone from 35 percent to 39.6percent...what is a top earner's fair share of taxes?

MCDONOUGH:You know,it's interesting you point out the capital gains rate that the president wants to make sure that Congress gets agreement to do.That brings it back to where it was under President Reagan,somebody who I think you and many of us in this town believe was a record tax cutter--

WALLACE:The top tax rate when President Reagan came into office was 70percent.

MCDONOUGH:...Now,let's also ask ourselves a question about this...which is to say...what the president is laying out is trying to close the trust fund loophole,which is to say if you have a trust fund,when you pass,it ought to be treated like any other asset that you have.

WALLACE:It's not a trust fund.It isn't--you know,that's a nice talking point,I'm sure it's been focus grouped,but it isn't what it is.It's what somebody has saved their whole lives,they have invested in something...it's a question of whether or not you pay the basis at which they bought it or the point--the value of it now.It's not a trust fund,sir.....

[Cincinatus' Wife]

Ah...Obama swapped 5 Taliban terrorists for U.S. deserter, Bergdhal.

Obama wants to tax what people have saved and put into an account for college - again punish the responsible; again change the rules to pander to a voting base and lower the bar - grow government and our nation's dependence on Big Government.

"Trust funds" - Democrat class warfare talking point for savings (that must be taxed).

Chris Wallace didn't give White House Chief of Staff, Denis McDonough a free ride on Fox News Sunday.

[Diogenesis]

What a liar.
Obola-the-Undocumented, the First Moslem by Fraud,
has already paid ransoms for Bergdahl.

And Obola has funded Iran to murder Americans,
as he paid Narcoterrorists to murder American LEO.
Lucky for the corrupt, that the EXEMPT in Congress
care about NOTHING but themselves and their own
enrichment.

[HotHunt]

I watched this numbnuts, McDonough on Fox News Sunday yesterday. Boy, this administration really knows how to pick them. Just watching the guy talk, makes you wince. He doesn't project confidence or competence. I really don't know his background, but I don't need too. He came across as a complete subservient "yes" man to Obama and can barely speak without repeating the administrations's talking points verbatim.

He told Chris Wallace, that the administration is focusing on solving the problems of the middle class. He failed to see the irony that Obama and his administration has done everything in their power to ruin the living standards of the middle class over the last six years. His best line was telling Wallace that "we are doing everything we can to LEAN FORWARD for the middle class". Repeating MSNBC's motto verbatim. LOL!