hire new workers to get the $5,000 credit. and the other problem is it only lasts for a year, after a year you could see this is what happened the last time, as soon as the tax credit was over the businesses laid off the workers, they had hired. gregg: you can always scam the system, i guess that s the point you are making and others made. what we ought to be doing is cutting tax rates across the board for every small business, not based on if you do this or do that, basically say every small business should be eligible for a tax rate reduction, what reagan did and k kennedy and the new senator brown says, let s do a kennedy-style tax cut, the democratic way. gregg: and would help businesses not to have to pay capital gains and what are the chances of extending the bush tax cuts the white house want to let expire? would that really happen? well, i think it should happen, and i think all the republicans want it to happen
ago. he took questions from lawmakers, live on television, and the house republican leader john boehner says he looked forward to the health care conference to be held at blair house across the street, also, as i said, live on tv. gregg? gregg: wendell, this has been what seem like an intractable problem for months now, i mean, if not decades, really, when you get down to it, so the president wants to hold a big summit, which sounds good, but it s only going to be half way long? what are the president s goals for the talks? well, if you say it has been an intractable problem for as you say, it has been an intractable problem for decades and the president s goal is to find step by step agreement on these issues, recognizing they re intertwined, lowering costs as well as extending coverage and reforming the process to that people with preexisting conditions aren t excluded. the president also hopes to address the idea that he has
gregg: steve, always good to see you, thank you. martha: a miami police officer is banged up today and bruised, her cruiser. watch this. good grief, right into the concrete barrier. and what made her jump the curb and end up off the road? gregg: wow. how about this, he s not old enough to drive, heck he s not even out of junior high school but the at 13, our next guest has a very interesting call from a top college football coach and i mean, top, some consider it perhaps an offer he cannot refuse, he s here to talk to us about it. coming up. host: could switching to geico really save you 15% or more on car insurance? host: is ed too tall jones too tall? host: could switching to geico 15% or more on car insurance?
and he editorized a number of democrats are talk about that and i was there when the president talked about house republican retreat and said, i will not give a tax cut to warren buffett, he doesn t get it. the businesses that are impacted by that tax cut were the small small businesses gregg: why not create the loophole for private equity and hedge funds, who pay 15% rate instead of the earned income rate, i mean, that would make a load of money for the federal coffers, wouldn t it. come money for the government and i wouldn t be opposed to it if we used to it bring down rates for all small businesses and i want to make the point. today in the global economy america s small businesses at 35% tax rate pay virtually the highest tax rate on business in the world and that is no way to be competitive when the companies are competing against chinese and indians and indonesians and we need to bring the rates down, and be competitive in a global economy.
those folks are in maximum security prisons right now, and there have been no escapes, and it is a virtue of our system that we should be proud of. gregg: those comments coming in response to the latest backlash over the 9/11 trials, new york officials saying the trial will result in a billion dollars security nightmare in lower manhattan. todd harrison is a former federal prosecutor, former deputy chief of the terrorism section in the new york county u.s. attorney s office. thank you for being with us. the president says 190 of these terrorists have been tried. eric holder says 300 of them have been tried, though he won t tell congress who they are. the last time i checked, if you were accused of a crime and you re convicted of it, it s a matter of public record, isn t it? absolutely, gregg, it s a little unclear what they re talking about. the administration isn t on the same page, frankly and i