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Congress needs to extend that tax cut.
Along with a vital insurance life lines for folks who've lost their jobs during this recession.
And they need to do it now without drama and without delay no ideological.
-- -- to gum up the works.
-- self inflicted wounds.
Does pass -- middle class tax cut passed the extension of unemployment insurance.
I believe this is a -- support so chances are there's enough support -- to make it to to let it go through but I think you'll see.
A fair number of the senators.
Find what they didn't have that specifically about not paying for the payroll tax extension it's been still talking about it it's it's it's a little heated.
It's a little he did that was Florida representative Dennis Ross.
In answer to the president's plea earlier in the day yesterday.
Four speedy passage of a continuation of a couple of his stimulus programs wind.
Being the 2% reduction in this -- security payroll tax rate.
And the other -- long term unemployment benefits this is power -- welcome back to studio three Internet and aren't you lucky that you get to keep Fred Barnes that you get to add.
A Mercer David Mercer he is a democratic strategist he's a former.
Deputy national finance director for the Democratic National Committee and a friend of this powerful Internet telecast.
Mess right now just a couple of blocks away from here over in the capital as Republicans try to push through.
-- not paid for and we will we will discuss.
What it means to pay for not pay for a tax cut.
But as Republicans are trying to get this legislation through that was so.
President Obama worked over so good in December where they're trying to get away from it as fast as possible.
So we'll start with you David.
Do you think that this is the president going to be able to -- a big win on this is that is he gonna call this I want you did what I told.
Well I think the American people in the 160 million people that will receive the payroll tax cut will be winners and all of this.
The the question is whether Republicans want to be a part of that I see the trend moving to them wanting to be.
Less -- -- self inflicted movements and more with national common sense.
To get this out of the way and -- do you allow for the recovery and the course we've said on recovery to continue without any kind of obstacles.
Not -- not funding the payroll tax.
Wasn't that big of him he did not say if -- not -- -- any Republican knows that if you should take note that Internet I have little memory you know why it was only there was only -- two month extension.
I was Hariri did -- -- -- require that Republicans wanted to work had a deal -- would be the whole year we wouldn't even be back here now are a little bit Republicans -- gonna go along that they were not going to be in the position I think you'll agree that -- where they were.
Where they were read the raising taxes on the middle class they were never gonna do -- that's generally not it's generally not I don't election year right now but I'd look this whole thing could have been done in September after the Harry -- intervention and President Obama going along with it.
Well okay so what has basically happened is that the Republicans.
Brought forward at the beginning of this we -- credible threat.
There are three items running here you have won the cost about ninety -- -- that is valued at about 94 billion dollars the Internet always -- and I say that the tax cut costs they say you can't cost us our own money.
It's our Internet.
-- valued at about 94 billion dollars which is this 2% tax cut right then there's two other items with a combined value about seventy billion dollars for the year which is the the so called doc fix which is what we've been doing since about 1995.
Which used to prevent a previously passed cut to the reimbursement rates for doctors and hospitals to provide Medicare services.
And an extension of unemployment insurance for the very well that's benefits really -- insurance.
For folks who are the long term uninsured -- Republicans said.
We're gonna decouple.
We're taking the tax figure we'll just pass the taxes find the Democrats and on the conference committee very quickly got together on this Fred I wanna go back to you quickly.
How much does this hurt John Boehner does this does this -- Boehner significant -- I don't think so look Republicans who have never gonna break their pick on these this is about these about the things they wanna fight over in an election year they hope to get some spending cuts.
And they're -- again and they hope to hold all these.
And there were other separate these things it didn't win on either one of those -- absolutely -- do they had to retreat.
Why are Democrats David given the fact that they took advantage -- so much in December but.
Pinning the president as a tax cutter and Republicans is fighting a tax cut.
Why are Democrats seemingly willing to go along on eight fours for these other two things is it because they are they now see that the Republicans will go on their own.
Well I think that's the case and at the same time you want to keep in balance your word to cut the deficit.
And as we saw last week when the stock market took a little dollars and part because of the -- -- the Euro crisis you also saw a lot of defense contractors.
-- and going and others.
Lose because of some of their earnings and they did because of the projected cuts that are gonna happen in spending in this in this administration was really policies of this administration also sequester funds that might come into play and so forth.
Again that we need this payroll tax cut.
So that we can keep the economy going with a 160 million dollars -- -- a sixty million people have more money in their pockets to keep the engine dollars.
-- appreciating your environment I have bad pitch well thank -- Inside I don't know tackle well some other members are obviously against doing what they don't know leaders decided to do.
-- the notion that this payroll tax cut has any.
Growth -- A fact it is not that's -- that's been tried over the years of the many published trying to do and you know you send out checks and you do these things it just doesn't you know I thought I hate to.
Tell people because they don't like -- there's one way.
The way you really spur growth and you increase investment.
And then you know what you need there he needs of people with a lot of money to do that it's the rich people who gave us especially -- that up.
President Obama doesn't wanna do that that's why we have such an eight and a laggard and a mediocre -- love.
They are being given -- -- try and during the the bush era with those tax cuts since two trillion dollars sitting on the sidelines that has not gone into investment and in a lot of instances is gone and outsourcing that has to be real line we have to start providing incentives for and sourcing and at the same time.
In this recession we gonna give a -- to the middle class.
Hi there you go Internet you now -- David Mercer on the subject so you can consider yourself satisfied David we appreciate you being closed today.
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