women in wyoming going to work every day and want to use that money to pay for this big government socialist agenda. neil: you re referring to this irs provision that would police transactions as low as $600. if i can switch gears and get your take on the debt ceiling quagmire. janet yellen said unless this is resolved and soon, we re looking at a recession and maybe a bad one. do you agree with that? well, we re not going to fail to raise the debt ceiling. the democrats need to do it. they want a blank check. they want to pay for previous spending, they want to add lots more spending all the way through the next election into december of 2022. so you don t want anything to do with that. if it was a choice between them doing the wrong thing and the bigger right thing to just get the debt ceiling raised to avoid
with an up or down vote. republicans could have gotten their chance to vote no and we could all have put an end to this needless impasse. given the easiest way out of the mess, the republicans still renews to take yes for an answer. now our country is on the brink of a crisis whose consequences will reverberate around the world. the bottom line is this chamber must pass legislation to avoid a default. accordingly, i will soon file cloture on the proposal that will extend the debt limit until december of 2022. we are not asking republicans to support it when it comes time for a vote. we only ask that they get out of the way as democrats pass it on our own, just as the majority party did in the early 2000s. it s really that simple. if republicans want to vote to stop payments from going to social security recipients or veterans, then be my guest. but i they ought to get out of
that we always get to this. somehow the dealing is raised and the deadline is pushed back and we survive. how do you answer that? you can only be intransigent when you know the outcome. chuck schumer doesn t want to raise the debt ceiling because the way he has to do it, he has to 16 a top line number.he can t just suspend it until december of 2022. he has to be honest with the american people and say this is how much more money i want to spendand by implication, this is how much more money i m going to tax you in the process that is the real problem here. chuck schumer can do his job. i have voted neil: so nothing was linked senator i understand. but to be clear, nothing was linkand if it s a stand-alone measure that you would be okay
mcconnell, the senate republican leader is not budging. he usually does not bluff in situations like this, but he s also not the type of person who is interested in watching the united states default. i think this is going to have to get closer to the brnk before either side blinks because democrats are determined not to put this in reconciliation for a number of reasons, firstly they don t want to set a precedent where only one party is responsible for paying the country s bills and secondly there is a chance that the second ril yags bill is not finished by october when the debt limit will be breached so that could invite a different catastrophe. as things stand no clear resolution but democrats have a bill that would keep the government funded through december 3rd of this year and extend the debt limit through december of 2022 which gets past the midterms. sahil, the question i have, though, on this debt limit standoff is that the incentive structure is so asymmetrical i understand
trillion on the table. our chad pergram reports from capitol hill that we could all be paying for this somehow, chad. that s right, sandra. congressional democrats want to avoid a plunge in the market high school tied to a government shut down and a collision with the debt ceiling. so within the hour, nancy pelosi and the senate majority leader chuck schumer announced they will link government funding to a suspension of the dead limit to december of 2022. mitch mcconnell is balking. he says democrats control the entire government. the gop won t assist. senate republicans would support a clean continuing resolution that includes appropriate disaster relief and targeted afghan assistance. we will not support legislation that raises the debt limit. mcconnell says democrats