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Do all Democrats support Obama's fiscal plan?
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Some party members may not sign on
- Duration 2:04
- Date Dec 4, 2012
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Transcript
This transcript is automatically generated
Not every Democrat is on board with president Obama's proposals.
Should -- -- correspondent Mike Emanuel has that part of the story.
Democrats won't agree to a personal mom wouldn't science that you don't.
While the senate majority leader blast the house Republican plan it's not likely President Obama will get to sign his own fiscal -- -- -- Republicans and some Democrats don't like it.
When the ideas were presented in the president's budget proposal in May.
The measure was defeated 99 to nothing.
And West Virginia senator Joseph Manchin says both sides are going far enough when it comes to cuts or both.
Much lower than what everyone says that we need to know economists say we need -- -- minimum of a four trillion dollars or greater swing I don't know how we got.
Off track of what we really need to fix this.
The president later raised taxes by -- point six trillion dollars would likely be tough for some of the twenty senate Democrats facing reelection such as Alaska's mark baggage north Carolina's Kay Hagan Louisiana's Mary Landrieu in arkansas' Mark Prior all from conservative states top Republicans say the president's plan is not.
Seriously comes out proposal to raise -- taxes by one point six trillion dollars.
Has an -- -- limited authority to borrow more money.
From China and it has over 200 billion dollars in new stimulus spending.
Art that is increasing tax rates to 39 point 6% for those earning more than 250000.
Dollars but allies such as New York's Chuck Schumer has said he'd prefer setting that bar.
At one million dollars today senator Reid hinted at the higher number.
The American -- want us to forge a balanced approach that combines Smart cuts were asking millionaires pay their fair share -- 60% American sport asking millionaires pay slightly more.
Some Democrats are hoping a final deal -- -- is the estate tax mr.
Obama would increase it from 35% to 45%.
It would lower the amount protected from five million dollars to three and a half million dollars per family farms -- ranches that could be a hefty tax bill Brett.
-- meant a lot on the hill tonight Mike thanks.
