Transcripts For CSPAN Howard Sen 20130414 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
good morning, everybody. please have a seat. as president, my top priority is to do everything i can to reignite what i consider to be the true engine of the american economy. arising, thriving middle-class. that is what i think about every day and that is the driving force behind every decision that i make. over the past three years, our businesses have created $3.65 million new jobs. are at an all-ts time high. we have to get wages and incomes rising as well. our deficit are falling. at the fastest pace in years. we can do more to bring them down in a balanced and responsible way. is point is our economy poised for progress as long as washington does not get in the way. frankly, the american people deserve better than what we have been seeing. a short sighted, crisis-driven decision making like the across- the-board spending cuts that are hurting communities out there. cuts that economists predict will cost us hundreds of thousands of jobs. if we want to keep rebuilding o
$10 billion to restore it to the 2009 per parameters. i thought you signed a deal on different level on that. are you proposing to get rid of the deal in the tax deal? in 2018. the estate tax reverts to the 2009 as of 2018. under current legislation it already does that? no. so you re proposing to do that? yes, we are proposing to do that. why so soon after the president signed the bill would you propose to change it? it passed very few estates i think there are three out of 1,000. there is still a $3.5 million individual exemption, $7 million per couple. it takes the rate to 45% from 40%. we believe that in these fiscal times it is responsible policy in 2018 for the state tax to return to the 2009. is that the biggest aside from tobacco and the deficit reduction tax proposals that you have, is that the biggest new revenue provision that you have even among those used to offset other tax cuts for middle-class? i believe so. i ll check for you to make sure.