they are a it wag guidelinwaiti from the irs. >>> meanwhile a lot of folks are saying the tea party won the battle in the big debate, but did they get what they want some had we'll talk about it in the cnn political ticker. i'm phil mickelson, pro golfer. if you have painful, swollen joints, i've been in your shoes. one day i'm on p of the world... the next i'm saying... i have this thing called psoriatic arthritis. i had some intense pain. it progressively got worse. my rheumatologist told me about enbrel. i'm surprised how quickly my symptoms have been managed. [ male announcer ] because enbrel suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. don't start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts o

is it the airlines? is this money not afforded to the irs? why do we need 4000 faa employees to collect the tax? what is the problem with collecting the tax? the treasury is in charge of collecting the tax. the faa is collecting it. it is true, when you buy an airline ticket right now, it does not include a federal tax. it is 7.5% as the base and there is an additional 3% for every take off. that is not being added to the tickets right now. according to the irs, passengers who purchase tickets prior to july 23 before the shutdown began are entitled to a refund of that money, if there are flying during this particular shot down. the only problem is is not clear how they are going to get that refund. there are some airlines that are doing that. i believe delta is one of them. making refunds for their passengers. other airlines saying the irs is responsible for the refund. it is more complicated than i would have imagined when i first started looking into it. that is how -- there are a lot of people try to figure this out. you can find out wheth

today, the irs reversed course saying people who bought tickets before the shutdown and flew in the last two weeks will not get their money back. one more note, now that the shut down ended, you can expect to see those taxes back on tickets as of sunday. if you have a debit card, you may be getting money back from the bank. they just settled a class action lawsuit over the way it processes debit transactions. people who had debit cards from 2001 to may of this year and paid overdraft fees as a result of that process would get those fees refunded. >> >> can you afford college? a question more parents and students are asking, especially here in the bay area where fees and tuition costs keep rising.in but there are new ways to ease the financial pinch. vicky nguyen has more. >> reporter: he's already thinking like a businessman and came up with a plan to save $500 a semester. ray designed a hybrid college schedule. he'll take one course for his major at san jose state and taking a full load at deanza college where fees are cheaper. he says the credits will count toward his degree and keep h

just weeks ago the candidate explained that her reasoning in working for the irs was "because the first rule of war is to know your enemies." going a step further, bachmann credited define intervention towards washington for the recent earthquake and it damaging hurricane irene. questionable. and bachmann took to mocking the intelligence of her colleagues in washington. let's listen. >> i'm also privileged to sit on the permanent committee for the intelligence in the house of representatives, and i know that's odd, probably an oxymoron, how's a public to say intelligence and house of representatives. >> what makes her odd one out of all government employees, the whole irs plan is still a work in progress. who knows. >>> former vice president cheney's memoir revealing more than a few rifts. the former vice president and his boss could not even get their pets to be on friendly terms. in the memoir, cheney recounts the time all hell broke loose when his yellow lab joined him on a retreat to camp david. no sooner had we walked inside did dave catch sight of the president's dog barney. chene

ire of the west. right in one hundred sixty nine not because of violation of human rights he suspended any big did the wheelus air force base one of the major u.s. air force bases in the middle east a big part of the cold war he visited to british air bases from that day on when libya took control of its own sovereignty and said foreign occupation forces and these military bases have to be closed down that's when they decided then in one hundred seventy that they were going to overthrow him this is been a forty year long campaign it sends a dangerous message to others who want to be independent i don't think the battle is over yet of course i think inside of libya millions of people contrary to the media assertions don't want foreign occupation and in fact have in effect the fate of the government even if they have grievances against the government richard you started one of your recent articles with dingdong the oppressive dictator is that what do you think about this transitional national council th

ire of the west. right in one hundred sixty nine not because of violation of human rights he suspended any because the wheelus air force base one of the major u.s. air force bases in the middle east a big part of the cold war he visited to british air bases from that day on when libya took control of its own sovereignty and said foreign occupation forces and these military bases have to be closed down that's when they decided then in one nine hundred seventy that they were going to overthrow him this has been a forty year long campaign it sends a dangerous message to others who want to be independent i don't think the battle is over yet of course i think inside of libya millions of people contrary to the media assertions dumped on foreign occupation and in fact have in the fact offended the government even if they have grievances against the government richard you started one of your recent articles with i ding dong the oppressive dictator is dead what do you think about this transitional national cou

this happened during bachmann's stint at the irs. she said it was part of a plan to learn how they work so i can defeat them. maybe she was too busy with her secret plan to take notice of the end of the cold war. >>> that's "hardball" for now. thanks for being with us. up next "your business" with j.j. ramburg. [ woman ] jogging stroller. you've been stuck in the garage while i took refuge from the pollen that made me sneeze. but with 24-hour zyrtec®, i get prescription strength relief from my worst allergy symptoms. so lily and i are back on the road again. with zyrtec® i can love the air®. so lily and i are back on the road again. or creates another laptop bag or hires another employee, it's not just good for business -- it's good for the entire community. at bank of america, we know the impact that local businesses have on communities, so we're helping them with advice from local business experts and extending $18 billion in credit last year. that's how we're helping set opportunity in motion.

ire of the west. right in one hundred sixty nine not because of violation of human rights he suspended any victim the we were scared for space one of the major us air force bases in the middle east a big part of the cold war here because two british air bases from ebay on when libya took control of its own sovereignty and said foreign occupation forces in these military bases have to be closed down that's when they decided then in one nine hundred seventy that they were going to overthrow them this is been a forty year long campaign it sends a dangerous message to others who want to be independent i don't think the battle is over yet of course i think inside of libya millions of people contrary to the media assertions don't want foreign occupation and in fact have in the fact the founded the government even if they have grievances against the government richard you started one of your recent articles with the ding-dong the oppressive dictator is dead what do you think about this transitional national

just weeks ago the candidate explained that her reasoning in working for the irs was "because the first rule of war is to know your enemies." going a step further, bachmann credited define intervention towards washington for the recent earthquake and it damaging hurricane irene. questionable. and bachmann took to mocking the intelligence of her colleagues in washington. let's listen. >> i'm also privileged to sit on the permanent committee for the intelligence in the house of representatives, and i know that's odd, probably an oxymoron, how's a pubic to say intelligence and house of representatives. >> what makes her odd one out of all government employees, the whole irs plan is still a work in progress. who knows. >>> former vice president cheney's memoir revealing more than a few rifts. the former vice president and his boss could not even get their pets to be on friendly terms. in the memoir, cheney recounts the time all hell broke loose when his yellow lab joined him on a retreat to camp david. no sooner had we walked inside did dave catch sight of the president's dog barney. cheney

she worked for the irs. so let's be more specific about that. it sounds as if she was fighting the irs. >> talking about michele bachmann, mr. murphy, i want to remind you of your prior statements. >> absolutely. >> in april, you blogged about the prospects for congresswoman bachmann getting the nomination. i'll put it up on the screen. you wrote "i think bachmann's chances of landing on jupiter are higher than her chances of being nominated." is that still your view? >> i believe exactly that. she will not be nominated and she will not be president of the united states. if you loved michele bachmann, you'll love rick perry because now there's another cheeseburger on the menu with texas hot sauce. he's a governor and has the best first sentence in american politics, which is i created one third of the jobs in america over the last few years. the other part of the sentence is, they were all at burger king or with the texas government. but what he did in texas to kay bailey hutchison, he's a barracuda. >> jobs is the number one issue, and let's no

just weeks ago the candidate explained that her reasoning in working for the irs was "because the first rule of war is to know your enemies." going a step further, bachmann credited define intervention towards washington for the recent earthquake and it damaging hurricane irene. questionable. and bachmann took to mocking the intelligence of her colleagues in washington. let's listen. >> i'm also privileged to sit on the permanent committee for the intelligence in the house of representatives, and i know that's odd, probably an oxymorin, how's a pubic representative -- >> what's makes her odd one out of all government employee, the whole irs plan is still a work in progress. ho who knows. >>> former vice president cheney's memoir revealing more than a few rifts. the former vice president and his boss could not even get their pets to be on friendly terms. in the memoir, cheney recounts the time all hell broke loose when his yellow lab joined him on a retreat to camp david. no sooner had we walked inside did dave catch sight of the president's dog barney. cheney describes the hot pursuit a

the irs wants to impose this regulation. so we could drive hundreds of billions of dollars and we will drive lots of money out of the u.s. banking system and this is something that has nothing to do with the enforcement of american law. if the obama administration cannot withdraw that regulation, i have little hope they will do the right thing. host: let's hear from callers. you are on the yair. caller: speak to the needs of corporations for certainty. i didn't get any government certain sea. i do not have many government certainty in job security or in anything. you all say you want to get rid of regulation and on the other say you want to enforce government security. on shipper nor's -- on japan entrepreneurs do not have the certainty. guest: let me address the role of certainty in the process. there is no such thing in the private sector as certainty. is a government tilting the playing field in a way there is a seemingly endless amount of regulations, red tape, government spending, that are turning companies very cautiou

from your car and locked the car if you leave it parked outside >> the irs is warning of a scam that is going after elderly people. elderly disabled and asian americans have been targeted they convince the victim they are eligible for refunds through a making work pay tax refund it is actually a tax program but the people are not eligible for a refund verify any claim on line or by a telephone call before you fall for >> kron 4 morning news will continue and we're looking at the james all like freeway we do have some fog out there. as you can say it land temperatures are going have a tough time getting past 86 degrees this is look of your seven day forecast more weather and traffic coming up but now on to the news national >> news the maid that has a queued dominic strauss-kahn gone has now filed another lawsuit suit she said that he brutally attacked the maid proud the lawsuit claimed the attack has left her in shambles and ask for unspecified damages a lawyer for straws coned has not commented he resigned from the imf in a separate cameral matter they cast doubts on this in new yor

the ire of talking billionaire heads like eric bolling of fox so-called news who apparently missed econ one o one of those called both a socialist he also said a fellow fellow billionaire oil all of our charles. is statement released a right wing media outlets charles koch responded about it by writing i believe my business a nonprofit investments are much more beneficial to societal wellbeing than spend sunday on any more money to washington which makes me wonder of charles koch even knows how he made his billions in america. because you realize that it was thanks to washington's international treaties negotiated by government negotiators and ratified by the government senate that allowed his dad to do business with joseph stalin and make hundreds of millions by setting up fifteen oil refineries in communist soviet union and that it was thanks to washington's banking system that then allowed his dad to bring those millions back to the united states and invest it and eventually be quit that to him and his brothers charles koch realize it was washington's court system that enforces contr

draw the ire of talking millionaire heads like eric bolling of fox so-called news who apparently missed econ one hundred one of those called bof a socialist he also said a fellow fellow billionaire oil all of our charles koch estate and released to right wing media outlets charles koch responded to buffett by writing i believe my business a nonprofit investments are much more beneficial to society well being than spend sunday in anymore money to washington which makes me wonder of charles koch even knows how he made his billions in america because he realized that it was thanks to washington's international treaties negotiated by government negotiators and ratified by the government senate that allowed his dad to do business with joseph stalin and make hundreds of millions by setting up fifteen oil refineries in communist soviet union. and that it was thanks to washington's banking system that then allowed his dad to bring those millions back to the united states and invest it and eventually bequeath it to him and his brothers charles koch realize it was washington's court system that e

the irs does not take kindly to you not paying your taxes. neither do the offenders. they would be there to take what you have and sell it. the united states of america is no different. what was done is we've voted or sell a lifestyle that we cannot possibly afford. now the day of reckoning has come. what have we seen happen? we sell the stock market slide 1500 points in one week. yesterday, 420 points down on the stock market. we have lost, what? the credit rating of the united states -- the aaa credit rating went down to aa plus. we are not done with school. bring that back. we have more lessons to learn. bring it back, a young man. we are not done. we have more to learn. we have more to learn. the aaa credit rating but down to aa plus for the first time in american history. we made it to the depression without losing our credit rating. we made it through world war ii without losing our credit rating. if we made it through korea, vietnam, 9/11 -- would made it to all that and never lost our credit rating, but we have not been able to make it through barack obama wit

and some in fact tribe, which are called the ir -- irqois and they took up the tribal system and some didn't and the ones who didn't was the seneca of buffalo. they have nothing, whatever, to do with the united states government. they don't even use u.s. passports if possible. they use their own passports. they don't vote. they don't let census workers on their land. this is where i did my interviews. they consider themselves a separate country. and one that predated this upstart in the united states of america and canada. so -- >> which is correct, of course. >> of course, yeah. >> and they are the same way and i think two or three others that are the same way. they are simply in their way self-supporting. and they don't take social security. now, if somebody needed food stamps, individually, some people do that. and some people on the reservation -- i think about half of them do go to churches and the others go to traditional longhouses. so this is their decision. and it's fascinating to me. they absolutely won't vote. they don't take any federal money for anything. they're just --

the short answer is the irs. >> which you had a run in with. >> not really. yes i did, as a matter of fact. that i put that in the memoir? >> funny how memoirs become confessionals. >> before we go on and we move in and out of serious tone and talk about many wonderful things i want you to know, trying to undermine anyone i am speaking with for the sake of a cheap laugh. >> i appreciate that too. the mention spanish and you write interestingly about your mother and your father but your mother quite a strong-willed person who never quite entirely learned english. read an excerpt here about you and her and some others. >> sounds like something i have been dying to do all day. it is crazy writing a book. would you agree? when you are writing them you inhabit such an intimate space it is like you are having a conversation with yourself and conversations with people you have always known and somehow it is almost as if you are in a confessional but when it is all down on paper and someone actually printed it becomes public. >> we are outing you. >> this is the firs

of the dhs consolidation in saint elizabeth and a purchase option for the irs lease in martinsburg, west virginia. failing to move forward with these projects will result in the government's continued leasing of space, costing taxpayers millions more in the long run. additional cuts in fy 2012 would only make the situation worse. gsa has been aggressive with another opportunity for savings by improving the efficiency of the federal inventory to facilitate consolidation of leases into government owned space. our gsa headquarters is a good example. by renovating the building and opening up a floor plan we can increase the number of occupants from approximately 2500, to 6000 people. this will allow us to eliminate multiple leases, saving taxpayers millions of dollars annually. gsa as you mentioned is not the only agency that leases on behalf of the federal government. more than 20 of agencies and commissions like the va and sec have their own statutory authority to hold a land and leasehold interest. gsa is not usually involved in these transactions. some agencies also leased space und

government agencies including the fbi, the irs and the cia were at park side hall san jose along with number of private companies that value veteran experience. >> i have been out for almost a decade. i have a college degree. reason i'm here i drove 3 hours from central california the looking to get back in the work force. >> we lick putting the ex military personnel back to work. we are really loyal to them. they have done a lot for us. >>reporter: there will be 61 more of these events and 34 city this is year with similar schedule set for next year. >>> obama administration is reportedly considering further action to help strengthen the struggling housing market. according to the "new york times"homeowner was government back mortgages could refinance them at current interest rate which are about 4 percent and home rental program would help stabilize prices by preventing foreclosed homes from flooding the market. in fact, the government said today that home values have fallen another 6 percent in the past 6 months. thanks to the number of foreclosure sales. new wave of refinancing co

. >> how many of you love the irs? the first rule of war is know your enemy. i went to the inside to learn how they work, because i want to defeat them. >> we need to be free in this country from overregulation. we need to be free in this country from overtaxation, from overlitigation. >> the best thing we can do is shut down and close the federal department of education. >> in texas we teach both creationism and evolution. >> i guarantee you the epa will have doors locked and the lights turned off. >> i'll work every day to try to make washington, d.c. as inconsequence shall inkon inconsequenceal in your life as i can. >> in an interview on abc this week, huntsman warned them extremism could cost the election. he criticized bachmann and perry. >> when you find yourself at the extreme end of the republican party, you make yourself unelectable. the minute the republican party becomes the anti-science party, we have a huge problem. we lose a whole lot of people that would allow us to win the election in 2012. i'm not sure that the average voter out there is goin

irs for refunds. congress's failure to pass funding for the federal aviation administration means more than $1 million in taxes are going uncollected. the taxes include flights after july 22. >>> the leaders of some of silican valleys most famous countries sat down with representatives of the white house in palo alto. as maureen naylor reports, they wanted to talk about how to keep some of their brightest talents from taking their skills elsewhere. >> reporter: a new giant like us sign was outside of facebook headquarters. >> google moving offices around engineers that couldn't get visas or couldn't get visas for family members. >> reporter: at the same time the debt deal was being passed. some of the nation's most powerful ceo's were discussing creation. >> we can do all the revenue raising that we want, but there's nothing as powerful as getting our economy to grow. >> reporter: the white house announced an initiative to make it easier for people who want to get visas to stay in the country. >> just

irs reports of a scam including oakland and sacramento. >> the u.s. postal service says it may have to cut 120,000 postal workers if it wants to stay in business. the service lost more than $8 billion last year, and officials say it could lose more this year and officials may need to cut the jobs and remove workers in the federal retirement programs. and also, congress would have to approve any cuts or changes. >> and back to school shopping in full swing now. great deals that are available through the smart phone. >> michael finney, i'll be taking your consumer questions coming up. >> and later on abc 7 news at 5:00 how to get a grit deal on a used vehicle courtesy of the state of california. [ female announcer ] at jcpenney, all your back to school favorites are on sale so get in extra early for 5 hour steals saturday, like $14.99 city streets denim, 55% off kids' school uniforms, and $8.99 guys' st. john's bay polos! bras are just $14.99, too! plus, with jcp cash, earn $10 off when you spend just $25! no exclusions! unlike other stores, we don't ma

irs for refunds. congress's failure to pass funding for the federal aviation administration means more than $1 million in taxes are going uncollected. the taxes include flights after july 22. >>> the leaders of some of silican valleys most famous countries sat down with representatives of the white house in palo alto. as maureen naylor reports, they wanted to talk about how to keep some of their brightest talents from taking their skills elsewhere. >> reporter: a new giant like us sign was outside of facebook headquarters. >> google moving offices around engineers that couldn't get visas or couldn't get visas for family members. >> reporter: at the same time the debt deal was being passed. some of the nation's most powerful ceo's were discussing creation. >> we can do all the revenue raising that we want, but there's nothing as powerful as getting our economy to grow. >> reporter: the white house announced an initiative to make it easier for people who want to get visas to stay in the country. >> just

ire of the naacp and t latino leadership alliance. the dress code is making some minorities feel unwelcomed. live in downtown san low day, this is where the controversy is, and at mid of this, shiny shirts? >> reporter: that's what it is, jessica. talking about the old wagon saloon behind me. it has a western theme, but critics say it might have a wild west approach, as to who can eat and drink here. they roll out a statue of jack daniels every morning to greet customers, but it's what's hanging on jack's neck that's enraged two powerful south bay community groups. >> shocked, dismayed, disappointed and saddened all in one. >> they essentially ought to put a sign that says no mexicans allowed. >> reporter: the silicon naacp referring to the dress code at the old wagon saloon and grill. the sign says, no sideways hats new york large necklaces, grills, chains, no baggy pants and. >>> shiny shirts. >> if it's a joke, it's not funny. if they're trying to accomplish a goal, they've went too far. >> reporter: the president of the naacp expr

this is according to a new report from the irs. now these high earners are not scamming the system. the money went to deductions, writeoffs or loopholes. >>> airlines rolling back on ticket costs. major airlines upped prices during the faa shutdown last month when federal taxes on airline tickets were suspended because the government didn't renew the faa's budget. instead of you getting a break ashlgs pock airlines pocketed the extra money. now they are dropping their rates. >>> states will soon have the option to leave behind the no child left behind. president obama called to revoke the program. his administration plans to grant waivers to qualifying states that want out. specifics will be released next month. >>> markets aren't the only ones reacting to the s&p downgrade. jay leno had a thing or two to say. >> remember a movie in america, "rise of the planet of the apes." they have a aaa rating. we can go to aa plus to fu. that's how bad it got. it gets worse. today england, italy and greece befriended us on facebook. bad day for the stock market. down over 600 points. let's see

that 3% making $200,000 or mor pays more than 50% of the total income tax that the irs takes in. 3% of the population, 50% of the tax. those are the numbers. the debate continues. the question, the key question, would raising taxes hurt the economy and kill jobs or as others have argued, do we have to face the reality that taxes need to go up to reduce deficits and get the national debt under control? christina romer is the former chair of the president's council of economic advisers. back in 2007, before she joined the administration, while she was a professor the economics at berkeley, she quo wroco-wrote a. your research has been quoted to make the case for raising taxes to lower the deficit and against raising taxes because of the harmful effects on the xhob and jobs. i read the paper, it is rin for somebody smarter than me. tell me what you can about this once and for all. who is right? >> it is clearly a matter of timing. what our paper showed is tax changes, both up and down do have a powerful effect on the economy. if you raise taxes in the short run, it will lower output. that

the irs originally told fliers to expect 15% on tickets. a lot of people went out and flew because of that now the irs says that's not happening. heart-pounding video. this is out of china. what started out as a tempting scene. i wouldn't say pretty. tight rope walker crossing wire soon takes a terrifying turn. >> [screams] [ laughter ] >> so you hear somebody in the background with a sick sense of humor laughing. this guy, there was nothing below him. he loses footing. 300 feet off the ground. didn't have a safety harness. he does this move and swirls his way back on and he eventually manages so be safe and sound. i don't know if there is a moral in that. >> don't walk the tight rope. >> have a net. don't walk a tight rope between two hot air balloons. rick outside with a check of the weather. >> juliet's play-by-play was the best. jew -- jew -- sits sue type of move. >> not the type of story you want to continue. today's highs across the south. triple digits. today's highs in dallas not looking pretty at all. remain hot. tuesday the most

the irs says thieves are showing up at churches and community centers promising free money from the government. scammers charge $200 to prepare fake tax forms. an irs spokesman says there have been hundreds of complaints from san jose, oakland, fresno and sacramento. so be on the lookout. >>> that hillside memorial lafayette will stop adding crosses. the memorial had placed a cross for each u.s. military death since invading iraq in 2003. but project organizers say it's too hard to keep track of in addition to maintaining the area, the total number of american deaths in iraq and afghanistan now standing at over 6100. >>> the search for radiowaves which might indicate life in the universe is going to get going at a site near mount shasta. the seti institute array of 42 radio telescope dishes will be turned back on by september. the mountain view-based program ran short of money but now received more than $200,000 in donations. and that includes some money from actress jodie foster. she appeared in the 1997 film "contact" based on a book about the program. >>> all right. are you ready for some f

delta says it's waiting to hear from the irs. >> and there is honda getting a rare negative review from consumer reports. >> and a soldier happy home coming from iraq. >> why there is hope two uc berkeley grads will be released from an iranian prison soon. >> and they're traffic is moving along nicely. and atlanta with moderate delays now up to 45 minutes because of thunderstorms. and there is thunderstorms causing delays more than one hour. and in washington, d.c. reporting delays from one to three hours because of thunderstorms. i'll be back in just a moment with a look at the accu-weather forecast. =x=x=x=x=x=x=x=x=x=x=x=x=x=x=x=x >>> a soldier from daily city died in afghanistan. confirming he was killed yesterday when his vehicle was bombed. he was a combat soldier based out of hawaii. waedz 28 years old oo. and an east bay family is all smiles today after welcoming back a soldier who finished up a tour of iraq. tommy flores received hugs and kisses from parents, nieces and grandparents. he comes from a long line of military men, serving as a gunner aboard a black hawk helicopter.

tax case which is one that is ultimately settled for the irs. >> it was big but the circulationo problems that jim refers to is where i gather part and parcel of trying to do the deal in a secret and mike correct not to do the due diligence youns may have normally? >> that is true. you can fault a lot of people but due diligence to the last very long and we did not see it coming. all they're there was evidence t. m and to those people involved in the circulation scandal may went to the guy who was involved meg man who was making of fake computer programs in september 2000, six months prter we completed the deal. law was more surprising was aware responding to him was from a law firm in losch angeles which represented the chandler -- chandler family. those were the sort of thing this there were some signs we did not pick up that them here in a situation we did not one to ignite a bidding war there is a lot of things we did not catch. >> host: they were unhappy with the ceo what was the s lower of the a tribune company? >> it went to transform the "l.a. times" from newspaper company to some

saying you want to demolish the irs is old hat for republicans, saying you want to get rid of the 16th amendment, any time you talk about getting rid of an amendment, some people's crazy buzzers go off, but not for republican voters. this is a guy leading in the polls nationally and have to let the campaign be fought over barack obama's record, so democrats generally can defend themselves pretty well if they are allowed to talk about the legacy of the new deal, but perry is doing something by challenging the foundations of that. they have been doing it for quite a long time. this is more mainstream than when ronald reagan was saying things like this. >> the gallup poll, i actually was pretty surprised by how massive the bump has been, were you? >> i was not that surprised, because we've seen this sign wave in the republican field. every couple of months somebody rises, somebody passes mitt romney, and somebody falls. perry's taking a bigger chunk out of mitt romney support and has become a credible front runner in a way romney never did, but i'm not surprised because republicans have b

and you know it wasn't just the irs, yesterday she mentioned enron and how likening the federal government to enron. that's going to play well with the base, it's going to fire up a lot of folks, but when you look at the literal compare son of that, it's not a lil' trat comparison, she said the sheriff's going to come knock and your door, the sheriff isn't going to come knock on your door. but the fact is, people are upset with the fed, they're upset with the government, upset with washington but that kind of rhetoric maybe goes too far and makes her look unelectable. >> i will be reading as soon as i get off the air, first reads, everyone else should be reading it. you've got a preview. >>> his republican rivals are on the campaign trial and president obama has begun his vacation on martha's vineyard. nbc's kristen welker is there. what's the president's plan today? >> reporter: well, nothing on the president's public schedule so we're guessing perhaps some golf, maybe a strip to get some ice cream with the girls. he arrived here last night, greeted folks and then headed off to the blue h

data the most recent information on the irs data are available. and also the most recent year in which before the crash. in 2007, people who earned between 50 and $200,000 were 31% of all tax returns but they were 65% of returns claiming the mortgage interest deduction. they counted for 46% of adjusted gross income but 64% of mortgage interest deductions so that's where the deductions are concentrated in that kind of upper middle incomed groups. only taxpayers who itemize the deduction. but in each group with income over 75,000, more than 62% claimed the deduction as you look at the table in sum it was over 70%. another thing not on the table, the benefits of the deduction are highly concentrated geographically. a study some years ago estimated the net benefit as what you would get from having a deduction rather than the money being distributed equally to people per capita. they made this calculation of which regions benefited and which didn't and found the deduction provided net benefits to only 20% of the state and 10% of the metropolitan areas.

go up the pay scale and according to the irs, those making $1 million or more, equal about 237,000 people. in the $10 million or more club, there are roughly 8,000 people. buffet wants higher taxes on those making one million or more. we asked robberton williams of the nonpartisan tax policy center for a scenario of what that would amount to. >> the example we looked at was raising the top tax rate on incomes over a million dollars. if we did that, we'd gain an additional about $34 billion in revenues this year or over a ten-year period, perhaps $350 billion. >> what about the effects of on the economy? williams says yes, the wealthy would spend less on goods and services and on investments. but. >> the investments they're making these days are government bonds not economic activity that generate jobs. neither their change in spending nor their change in investment behavior would likely have a very serious adverse effect on the economy. >> as this debate takes place, the tax policy center points out that revenue makes up under 15% of gdp. that's the lowest level it's been since the 1950s.

per hour around the ire is making its way through the bahamas today and tomorrow it will be approaching the carolina coast as we take this storm up north upo. the hurricane is expected to go up the east coast it could stay as a hurricane as it reaches the jersey coast it could affect washington d.c. and n.y. >> in national knows former first lady or loses our balance and causes quite a scare as nancy reagan almost fell she was being escorted by mark a rubio when chief almost fell she was kept on her feet who as a senator held on to our arm. 5:26 a.m. until live look out side at the san mateo bridge. traffic is running ok we'll be right back. [ male announcer ] meet rachel and annie. we asked them to be part of an experiment to prove febreze air effects eliminates tough cooking odors. [ facilitator ] take a deep breath, tell me what you smell. it's grassy. it's green. it smells like fresh wood. like a latte. [ facilitator ] go ahead and take your blindfolds off. oh my goodness. are you serious? wow. i think my nose touched that. [ facilitator ] ok, rachel, annie. wow. [ male announcer ]

irs. a lot of the arguments that people are making have to do with biography. probably the biggest biographical argument has been from mitt romney, as head of bain capital he knows what it's like to be a capitalist and knows what it is to be in the front lines of the economy and so it's time to give him a chance. interestingly enough, the one republican who had actually had a very detailed plan, although it didn't receive criticism, was tim pawlenty, and he's out of the race. a lot of these republican candidates don't have specific economic plans yet, but they have called for things like tax cuts, less regulation, et cetera. >> so mark, the last one we should probably talk about is rick perry saying 40% of the nation's jobs have been created in his state, texas. critics are saying that's a little overstated and actually in his state it has the largest number of low wage jobs. >> his economic record is a double-edged sword, so on the one and he is right that texas has had a tremendous amoun

she was a tax collector for the irs and that didn't really seem to put a dent in her popularity, just the strength of her message. >> this could be different. three separate federal agencies saying that 16 separate times she petitions for federal government for direct financial help or aid. i mean, that doesn't seem, alex, like something she can sweep away, may be one of the tougher questions that she needs to answer here. >> well, i think you're absol e absolutely right. it's a question that she will have to answer. one thing can you say about michele bachmann she's been very, very capable so far in this campaign as deflecting the kind of stories that would be much more damaging to a more conventional candidate. the stories about her sort of chronic intense migraines, apparently that made her miss votes in the house of representatives. that didn't slow her down at all, so if this is a story that slows that momentum, it will be the first one. >> as i mentioned obviously her sights and those of the other candidates in iowa. in wisconsin, democrats were not able to get the seats they ne

customers, if it's the irs, how does it serve the irs or social security? that's the first consideration of the operational piece. the second piece is again, the first first efficiently and cost effectiveness. we look at being a good neighbor in the community and we're in all states and u.s. government territories and so we have a critical role across the country we play and particularly a focus on orient development and sustain the as well. >> okay. any other thoughts? okay. back to the issue of delegation and lease authority, some i understand stances done well and other cases, badly. slindz -- as i understand it, correct me if i'm wrong, that we lease more space than we own; is that correct? >> yes, that is correct. >> and is that always the case or something in recent years? >> relatively recent. i believe 2008 was the first year crossing over to having more lease space than government owned. >> why do you think that changed? >> i think a couple of things. some of it is purely shifting demographics and populations have shifted, agency missions and needs

how stock market transactions are reported to the irs. he's trying to cut red tape to stimulate the economy. eric cantor rejected it calling it underwhelming and the president not doing everything in his power to help business owners. what about the critique from the right and people in the business that the president and his administration are not business friendly. >> it's the impression the business community has. i think cutting regulations is something the business community wants to hear. eric cantor may reject it out of hand. if there's something to be done to cut regulations and then the business community will have less claim against president obama and maybe take more seriously the obligation to start hiring and do something to spark the economy. >> you work on wall street. is this good news? >> it's good news for main street. businesses in the country, small, medium and big, they can plan for the future. eric cantor is playing politics. he's a friend, but he knows he's playing politics. this is a positive thing. i'm interested

. >>> the irs reported that almost 1,500 millionaires and billionaires paid, get this, no federal income taxes in 2009 o and those earning in the seven digits and higher paid in charitable donations and foreign investments. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia. i've tried it. but nothing's helped me beat my back pain. then i tried this. it's salonpas. this is the relief i've been looking for. salonpas has 2 powerful pain fighting ingredients that work for up to 12 hours. and my pharmacist told me it's the only otc pain patch approved for sale using the same rigorous clinical testing that's required for prescription pain medications. proven. powerful. safe. salonpas. over time, my lashes thinned. after 40, i didn't have enough lashes. i'd heard of latisse® but had questions. my doctor said... latisse® is the only fda approved prescription treatment for

captioning sponsored by cbs >> pelley: the ire of irene. ne barrels >> the massive hurricane barrels of east coast and flies over the biggest city in america. from the carolinas to new england, some streets are flooded, millions have lost power, and that power could be out for days. iranian is no longer a hurricane, but it is a storm that still has miles to go. >> this is a cbs news special report. i'm at cbs news headquarters in new york. good morning. irene is making her new york debut. she hit land here just before 9:00 this morning in coney island downgraded from a hurricane to a tropical storm but still packing winds of up to 65 miles per hour. irene first made landfall in north carolina yesterday as a category one hurricane and on her track up the east coast, she has brought heavy rain and flooding that left millions without power. at this hour the center of the tropical storm is centered growth of new york city, highest sustained winds are now 60 miles per hour. the storm is moving north northeast at about 26 miles per hour. the stor

she's gotten the ire of other mayoral candidates who called for an investigation into her campaign tactics. they accused her of pressuring a local garbage company for signatures on the run ed run committee. she said she did nothing wrong. even though ed lee promised not to run for mayor when he took over for gavin newsom, he left the door open saying he will announce his decision next week. if he does run, there is catching up to do. some others have raised large amounts. reporting live here in san francisco, bob redell, "today in the bay." >> interesting look at the background. thank you, bob. >>> there's been no apology for the man who was kicked off a flight after he refused to pull up his baggy pants. today supporters of the manner demanding one. the san francisco chapter of the naacp and color of change.org plan to deliver 40,000 petitions to the us airways ticket counter at sfo today. they say deshon marman was a victim of discrimination. in june the 20-year-old was arrested and jailed after a confrontation with a flight crew of a us airways flight. they removed him from the flight a

and i think the president much to some of the ire in his own party has shown a willingness to engage in that conversation. but three different times members of the new era republican party have worked away because of their worship of tax cuts for millionaires and billionaires. we need a balanced approach here. i would disagree somewhat with some of the assertions of governor mcdonnell. if you look at some of the choices voters made in places like florida, governor scott, governor kasich in ohio, governor christie, whose bond rating was just downgraded in new jersey, these are not successful governors that are inspiring on the republican side that confidence many the future of job creation in their states. >> let me turn you quickly in our final minutes to the subject of illegal immigration. the president has said of the 300,000 or so deportation cases now in front of immigration he wants a case-by-case basis look, and anyone that isn't a threat to society and has not committed a criminal act should stay. and they should just take them off the dockets. is that amnesty, governor mcdonn

however, she has already drawn the ire of other mayoral candidates who obviously don't wa wantle to run. they accused her of collecting petition signatures from run ed run committee, even though she said she did nothing wrong. even though ed lee promised not to run when he took over for gavin newsom now left the door open for a possible candidacy saying he will announce the decision next week. he would have to because the mandatory filing guideline is a week from friday. if he does run there is some catching up to do at least financially. some of the other big names in the mayoral race already raised hundreds of thousands of dollars. right now the unofficial campaign has $49,000 that we know of. as i said they had to report that in a filing earlier this week. presumably there is more but hasn't been reported as of yet. reporting live here in san francisco bob redell, "today in the bay." >> be interesting to see what happens. thanks, bob. 6:0017 right now. south bay voters won't have to decide on a plan to raise taxes this fall. san jose city council was considering placing five sales ta

you have to get rid of capital gains tax, dividends taxes, the death tax, estate tax, the irs if you want to have -- [applause] i know. if you're going to have a fair tax. that means you have to repeal the 16th amendment. i believe the air attacks can be in a state, but a flat tax can -- that their tax can be an end state that we get to, but a flat tax can be a bridging mechanism. you have 40% of households that are not paying any federal income tax right now. what a shock it would be if they suddenly got a 23% national sales tax on goods and services. that is why we have a flat tax, as a means by which -- remember, incrementalism is not a bad thing. get more people into the tax base. then we can start doing things to move toward having a fair tax. that is the situation. >> congressman, i know you mentioned the corporate tax rate in that explanation. how about lowering the corporate tax rate to 20% with no loopholes. that could create an additional $100 billion. >> i said 21% because i looked that if we keep our states with a 4% to 6% corporate business tax rate, ne corporation tops

the next to the most recent year for which irs data on this are available. and also the most recent year in which before the crash. in 2007, people who earned between 50 and $200,000 were 31% of all tax returns but they were 65% of returns claiming the mortgage interest deduction. they counted for 46% of adjusted gross income but 64% of mortgage deductions. so that's where the deductions are concentrated in that kind of upper middle incomed group. only taxpayers who itemize can claim the deduction. so only 28% of tax filers claim the deduction in 2007. but in each group with income over 75,000, more than 62% claimed the deduction as you look at the table in some it was over 70%. another thing not in the table -- the benefits of the deduction are highly concentrated geographically. a study done by some years ago estimated the net benefit of what you would get from having the deduction rather than the money being contributed equally to people per capita. they made this calculation of which regions benefited and which didn't. and found the deduction provided ne