body. three seats are empty waiting to be filled. on the senate side democrats hold the balance of power with 53 seats, republicans have 45, and there are two independents who generally vote with the democrats. fox news contributor joe trippi was howard dean s presidential campaign manager, and joins us now to digest some of these numbers. why do you think, joe, the president s approval ratings are dropping fairly precipitously? i think chris stirewalt has it right with one caveat, the other thing that happens is right after an election or re-election the president s numbers, any president s numbers usually soar a little bit then there is a drift back. i think it s both that drift back and then the realities of payroll taxes kicking in. there was a payroll tax holiday. it doesn t matter whether it s a new increase or not it s still 40 or $50 less in your check. plus gas prices going up. you re seeing people respond to
house, this president, the democrats in congress, what then is the number? what is the number you want? they won t answer. bill: they want everything. restaurants in the u.s.a. people dining out less. is this a pure don t have any money play? what is this? cut in disposable income. brought to you by another tax. that is the tax holiday, the payroll tax holiday that ended with the fiscal cliff is brought back and that is, according to the restaurant industries the reason that they have seen a sizeable fall. bill: like 7.5% rise. what was it it the payroll tax reinstituted to what? took 2% off of gross income. bill: 2%, i m sorry. it s 2% and you say that s inhibiting people from eating out. that s what the restaurant association is saying. and they are right. they are looking at same store sales and they re off by 3 to 5%. bill: all right. so it correspondence with the social security tax. exactly.
house, this president, the democrats in congress, what then is the number? what is the number you want? they won t answer. bill: they want everything. restaurants in the u.s.a. people dining out less. is this a pure don t have any money play? what is this? cut in disposable income. brought to you by another tax. that is the tax holiday, the payroll tax holiday that ended with the fiscal cliff is brought back and that is, according to the restaurant industries the reason that they have seen a sizeable fall. bill: like 7.5% rise. what was it it the payroll tax reinstituted to what? took 2% off of gross income. bill: 2%, i m sorry. it s 2% and you say that s inhibiting people from eating out. that s what the restaurant association is saying. and they are right. they are looking at same store sales and they re off by 3 to 5%. bill: all right. so it correspondence with the social security tax. exactly. bill: gas prices, you
administration, this white house, this president, the democrats in congress, what then is the number? what is the number you want? they won t answer. bill: they want everything. restaurants in the u.s.a. people dining out less. is this a pure don t have any money play? what is this? cut in disposable income. brought to you by another tax. that is the tax holiday, the payroll tax holiday that ended with the fiscal cliff is brought back and that is, according to the restaurant industries the reason that they have seen a sizeable fall. bill: like 7.5% rise. what was it it the payroll tax reinstituted to what? took 2% off of gross income. bill: 2%, i m sorry. it s 2% and you say that s inhibiting people from eating out. that s what the restaurant association is saying. and they are right. they are looking at same store sales and they re off by 3 to 5%. bill: all right. so it correspondence with the social security tax.
on people making over $450,000. taxes are at the heart of his falling poll numbers. everyone has their taxes going up, not just rich people. the payroll tax holiday is over. these numbers reflect, i think, the disposable income from higher taxes. the republicans are in a tough spot. they cannot do a budget deal with another tax increase before 2014, go home and campaign and say, guess what we have done? we have raised taxes twice. gregg: we will put the two budget proposals on the screen. $4.6 trillion and balanced budget in ten years and the democrats have no balanced budget whatever, forever. cut the deficit by only 1.8 trillion through spending cuts and tax hikes.