tell us why we care? this is a western nation with similar banking laws. they re doing something we ve never seen with respect to bank accounts. everyone watching the show think their bank accounts are off limits. there are certain area things won t be confiscated. typically the house and bank account and this is something to be very worried about because cyprus has gotten into trouble. the country and the banks. yet the people are bearing the brunt, some would call it punishment, whatever.d say pg skin in the game. bill: a lot of people think this is targeted at the rich and that might be the case but if your life savings is $250,000 and you ve got that in the bank and 150,000 of that savings account would be taxed at 40 percent. how much, that is so un-american. it is. bill, it is un-american and listen, that s what people have to be very careful. all these policies and all of the rhetoric in this country over the last four years about targeting the rich, they re not pa
this week. 60 votes are needed to overcome republican efforts to block the measure. here s athena jones with more on jobs bill and earth whether it ever pass. reporter: putting americans back to work is president obama s priority. say we can grow the economy as much as 2%, and as many as 1.9 million workers. reporter: he s been pushing the plan everywhere. at a press conference last week, on the road, on facebook and twitter, and in his weekly address. this is not the time for the usual games or political gridlock in washington. reporter: the bill would cut payroll taxes, extend unemployment benefits, give tax credits for hiring veterans or the long-term unemployed and provide money to keep public workers on the job and invest in rebuilding schools and road and paid for with a 5.6% tax on income over $1 million starting in 2013. the political stakes for mr. obama are high. no president since franklin roosevelt has bun re-elected with unemployment above 8%. still cha