Fox's Brian Kilmeade botches the concept of 70% top marginal tax rate after Democratic debate
70% marginal tax rate would not take "7 out of every $10 from somebody," it would only apply to income after $10 million
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From the June 27 edition of Fox News' Fox & Friends:
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BRIAN KILMEADE (CO-HOST): Also I think it's important to point out what you just heard, it's impossible to have an economy that helps 320 million people, but you got to help the greatest amount possible. But even though the president's a billionaire, he represents blue collar America. That's how he got elected. And it's tough to say that he's ignored them, because everything that he does is really for them. But can you imagine if we had 70% tax rate on the most successful in our country? What are they going to use to invest to grow jobs and to build an economy to employ people?
STEVE DOOCY (CO-HOST): It's a powerful message.
KILMEADE: It is? To take 7 out of every $10 from somebody?
DOOCY: There are a lot of people in this country who think that's fair.
KILMEADE: Yeah, not sensible people.