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Democrats appear willing to let nation fall off 'fiscal cliff' and let Bush-era tax cuts expire if Republicans don't agree to Pres. Obama's plan to ra...
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Now at a -- hill Senate Minority Leader Mitch McConnell warning the Democrats not to be plane Russian roulette what is he talking about we spoke with senator McConnell a short time ago.
-- -- -- It is a good decision looks like a little bit like the -- -- be OK corral over these taxes senator Patty Murray says that she essentially don't let all the tax cuts expire.
And put it on Republicans that the Republicans are raising taxes forever.
Look this -- ought to be about the economy and we -- got -- fiscal cliff coming at the end of the year.
If everybody's taxes go up and they sequester picks -- -- gonna have a major recession.
So we ought to quit playing games -- us and -- country down.
And step one would be disable it to extend the current tax rates for one more year Ender in that year do what everybody on a bipartisan basis says they want to do with.
Which is that comprehensive.
Tax reform -- about a year to do that correctly.
Secondly and -- to sit down.
And figure out if we want that turn off.
-- quite sure how to pay for we have a lot of discussions less -- about how to pay for these kinds of times -- also all the table.
We ought not to scare the country have to deaths there -- the got enough uncertainty -- wrong with forty straight months of unemployment above papers.
What's usually both parties have a little them selling did the American people the Democrats have the problem -- that according to the what -- proposed president poses.
Where taxes go for everybody over and over and to 52 -- 50000.
That means that the had governments finance for eight days.
And so they need to sell the American people why the eight days offsets any sort of stimulus effect of having people who use -- -- for business Republicans on the other hand.
Need to explain why the people who -- very wealthy may not need tax cuts why didn't feel so inspired to use -- tax cuts to create more jobs.
Where -- certain.
I made the point about the president's proposal that if go into it went reduction reduction newspaper the government -- four that is so it's not.
A serious proposal it's all about.
Plus four for.
Our point.
When the president -- you're gonna raise taxes all people making over 250000.
A year.
He and fact -- Over a million small businesses don't pay -- -- corporations that pay taxes as individuals me the money goes through to them personally personal -- they they are.
They're corporations organize -- In such a way to escort -- also is that they pay taxes -- the individual right.
That is some of our most successful small businesses in America in fact it's 53% of small business income in 25% of the workforce.
And here we are going after the biggest job creators and American small -- those.
Under the guise of raising taxes on rich privileges -- nonsense proposal.
Be bad for the economy.
We -- not raise anybody's taxes at the end of the year and use that year.
To begin to rationalize the whole -- -- which really -- corporate tax rates now in America are the highest of any country in the world let's not competitive.
Floated the other sizes is that watch the American people believe.
That Washington really is going to reform the tax code it has had many opportunities and people -- -- -- hasn't been done and if you -- the tax cuts.
Extend -- -- one more year that's still necessary built in the stability that money business operators won't need in order to make.
Planning -- -- capital investments.
Welcome -- -- tax reform is actually something Democrats and Republicans agree that we ought to do.
It's just a you can do it on a couple of months that takes about a year to -- work our way through it Ronald Reagan and Tip O'Neill did this on a bipartisan measures and the aviation.
It's time to do it again.
This is one of the things that we actually agree on is just that you can't do it on the back Rob -- over a couple of months.
Who's going to blink for -- this is Julius have a showdown in the Republicans in -- blink first on this.
With the Democrats on on this tax right now Democrats -- have drawn the line in the sand saying either Republicans agreed our way don't let all the taxes go up and six Republicans -- the blame.
Look I don't think playing Russian roulette when the economy is -- in the Smart the negative we need to be responsible here everybody knows.
What we need to do at the end of the year we need an operation anybody -- was particularly it would not wanna raise taxes.
On almost a million of our most.
Important and effective small -- essentially.
That would settle us down in terms of the fear that rates are going.
And then sit down and talk about how -- it -- wanna turn the so called sequester off.
There are ways to pay for that let's do what is responsible adults and not play Russian real level the American economy.
Can we haven't done before the election before the lame duck because.
He and the American business people whether you raise taxes or not -- sort of sitting on the sidelines trying to figure out what to do it every month that goes -- to watch what goes on Washington.
Business people really feel apprehensive about making decisions.
-- house is going to vote and I think there will approve.
Extend the current contrary.
We're gonna make sure we have that vote in the sun and I can guarantee the outcome.
But I know there at least six state Democrats in the senate who said they don't even agree that.
250.
Over.
Is -- in fact there have an internal debate about what's enough -- rich some people say a -- some people say to fifty some people -- 500.
Maybe we ought to just come together and extend the current tax rates for here.
With an important commitment to the American people we're gonna do -- wish -- were all for anyway -- -- you go through comprehensive -- -- -- again.
Because we're in an uncompetitive situation with a corporate tax rate -- the Haas in the world.
And returned it to another topic the disclose act.
Your thoughts on on the disclose act what's the latest absurd -- -- -- they've managed to come up with a bill that's opposed by everybody from the ACLU.
To the NRA.
It's got the broad based opposition why.
The because it's designed.
The by our democratic programs that try to punish.
People who are supportive of Republicans.
An advantage their biggest ally they -- labor unions which the Wall Street Journal shows and over four billion dollars.
And money on campaigns over the last six or eight years.
So it's a kind of jury -- proposal to give the government information it needs to go after its political had a -- And they've already been doing that -- they are through the SEC through the FCC.
-- the -- -- itself which was floating a memorandum.
That they were gonna send up -- to all the government contractors.
Telling -- an effect.
You better disclosed the implication being you won't be able to do dozens with a government.
And outrageous proposal was defeated with us tonight and I'll probably make a vote -- again the Marlins defeated again.
Yet it can it am I correct and -- -- to sound -- that if this is correct that.
The public can see it as the Democrats -- transparency.
As Republican contributors but not to democratic situations it is that an unfair.
No I think basically that what they wanna do is have a -- -- for groups that are supporting Democrat solid on the plotted down.
And only a lot of groups they're more likely to support -- If it were across the board including the eight car about how would you be in favor included democratic -- -- the transparency well this is a small group of those were involved in the overall political destruction.
And I think it's an interesting debate as to whether or not so called bubble once -- force social welfare organizations.
Should go down this -- to be do is gonna cover a lot of people whose -- frame court case right on point.
Back in 1958 -- double -- vs Alabama -- the state of Alabama was trying to get his hands.
On the donor lists and the membership of the NAACP in the Supreme Court said no so that's an option debate.
Most political contributions or to disclose those -- those two parties those super pacs.
That support the presidential -- we don't know who's contributed to go there already disclosed.
Senate thank you so thank you Greta.
