Rep. Ro Khanna, R-Calif., discusses the Los Angeles school strike, fallout from Silicon Valley Bank and his proposal to make social security solvent.
Subscribe to Fox Business! https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness
Follow Fox Business on Twitter: https://twitter.com/foxbusiness
Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness/
source
He is suggesting ANOTHER tax to fund SS if you make over $160,000? I work a lot so I can make a lot which puts me over $160,000 a year. The government doesn't have a revenue problem…they have a spending problem. The more money they take from the people they spend on new ideas which in turn requires more money to take from the people.
Scrap the cap!
Lift THE WEALTHY TAX CAP! Stop protecting the wealthy. They have to pay on their FULL INCOME just like everyone else.
point to ponder: trump does not deserve special treatment!!…..
BOOM: House Republicans have failed to override President Joe Biden’s veto of a measure to overturn a controversial investment rule in a victory for the White House.
Biden issued the first veto of his presidency to keep a retirement investment rule intact that allows managers of retirement funds to consider the impact of climate change when picking investments.
A two-thirds majority vote would have been needed in both chambers of Congress to override the veto.
South China Sea is "International Water" yet, China claims it is their water ; but in fact, several countries surround South China Sea (Vietnam, Philippines, Malaysia, Brunei, Indonesia, Taiwan)
BREAKING: The judge in the E. Jean Carroll civil suit against Trump has just announced that the personal info of jurors will be safeguarded, and additional security measures implemented to ensure their protection, due to Trump's RECORD of ATTACKING the legal system.
“Mr. Trump’s quite recent reaction to what he perceived as an imminent threat of indictment by a grand jury sitting virtually next door to this Court was to encourage ‘protest’ and to urge people to ‘take our country back.’ That reaction reportedly has been perceived by some as incitement to violence,” Judge Kaplan wrote.
A judge is literally saying that Trump's attacks on the Judiciary branch are so dangerous that it requires special measure be put in place to protect those doing their civic duty.
What does that say about Donald J. Trump as a man, much less a presidential candidate?
it's lucky for Donald Trump that he's just a privileged white man magically escaping indictment once again, and not, for example, a black man selling loose cigarettes on a street corner, because there are serious consequences for that
Why does Social Security have to be solvent when no other government program is?
BREAKING: A “woke” Florida principal is forced to quit or resign after fanatical parents complain that sixth-graders were shown Michelangelo’s “David” sculpture — one of history’s greatest works of art — because they complained it’s “pornographic.” RT IF REPUBLICANS HAVE LOST IT!
No one here pointing out that Republicans applaud defunding social security? Lmao
What is a livable wage and who determines that? When I was married, the total household income was a lot more than as a divorcée on one income. In both situations, I was a homeowner, car payment, kid in private school but saved more money while having one income than when I had two. Point is, if you teach people financial management skills, focusing on math skills (which many students today are failing), it is not how much money you make more like what you do with the money you make and living within your means and not like the Jones.
The US better pay attention to what is happening in France with Macon trying to increase their social security age to 64. The bad news is this country have seem to scare people enough so they will not protest against the government.
I find it funny how every politician in Washington on both sides of the isle is able to figure out how to generate money for themselves, yet the only answer they can come up with for SS is make cuts. Now imagine how much in debt we would be if our lawmakers worked as hard for the country, the American people, as they did for themselves. Oh wait we wouldn't be here at all……
Woke Democrats have been in control of Government prior to this congressional election. Social security was ignored and money was given for special interest like public employee unions and pension at experience of social security. It was given to Biden's war in Ukraine. Democrats ignored their own mantra of food not guns. Now, they are going back to their old trustworthy Social security which they changed from the old retirees to social welfare and drug dispensing for cartels.
Who went on this outrageous reckless spending spree that reached our debt limit of almost 32 Trillion dollars (which is over our GDP) ? Get them out of office. They do not serve….we the people.
I love the grounded reality of this channel!!,Despite the recession, I no longer depend on Government Grant since i acquire $16,400 bi weekly profits.
When we are working, we paying taxes which include the SS tax. So why when we are retiring, we collect the SS and we have to pay tax on those shits again, can someone explain to me???, why we have to pay double taxes???
Wow this guy talking out both sides of his mouth.
Why are any of you touching it. It is an entitlement we pay into. Not to pad your bank accounts. Time to take out of fed governments hand.
It is past time to privatize Social Security, it has been under funded with extremely poor returns for years, the same could be said for Medicare. Have a great day.
"a fair, livable wage"? give us a number. who decides what is fair, what is livable? the govt?
and we did not have to bailout SVB depositors. that was your treasury secretary, your president, your FDIC chair, they all had to agree, not just the FED. and as for fica, removing the cap is a massive increase on employee and employer. and since biden and the dems have already chosen to demonize anyone who would suggest any cuts, repubs would be best to ignore the issue totally until 10 years from now when the cuts will be mandatory.
The depositors with over $250.000.00 lose the over $. SVB was a DNC slush fund laundry.
Richest country in a broke world ain’t we about to go into at least a recession we owe thirty trillion how are we rich with debt like that
Hold them (SVB) accountable ? ….sure you will
I thought Democrats did not support the bailout of billionaires and multi-billion company’s. Roku is far from a small depositor. Mark Cuban is far from a small depositor. But I guess it’s ok if they live in a far left state. Shame on Neil for not pressing on those issues. Fu*king coward.
Social security should not be taxed !
What a load of B/S…lets move more money in to a federal holding to insure high bank accounts. If there is one thing we know is that Government can't manage any budget or holding. Social security is down the drain, you won't be getting another dime on B/S socialist ideology.
Um…his proposal of taxing SS on all income would put someone's highest tax rate at around 44% IF they lived in a no income tax state. If they lived in Cali you'd have 37% + 13.8% + 6.2% = 57%, or closer to 59% if you count the medicare tax that already has no limit.
IF they are self employed you are then hitting someone for clear into the mid 60% taxes on their monies earned that are in the highest tax bracket.
I guess if you hate success and want to have more people playing games with taxes, or even leaving the US then keep it going.
Once again, "fair" is used but not defined.
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.
The money that was paid into SS came from us workers and our employers and would have been there for us if the government had not removed it. This is not an entitlement. This is money that was stolen from our account and cut whatever B.S. spending in foreign countries until it is paid back with interest.
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy 😊I have been earning $ 60,000 returns from my $7,000 investment every 12days
Well stop giving other countries our money period like the stupid Ukraine
Tax them more instead of bringing manufacturing back to the US, which would employ enough people to pay into SS and keep it solvent? Every social program will fail, over the US allowing corporations to offshore for cheap labor and lacking regulations, which put Americans out of work and good paying jobs. That is why nobody is paying into these programs.
Instead of taxing the public, why not place high tariffs on foreign-made goods and fund the social programs with that, especially those products from these very corporations that moved offshore to Asia. Make it so they cannot profit by offshoring.
The Dems spent social security funds by moving them into the general fund for leftist agendas. It was supposed to be a trust.