take action on extending the bush era tax cuts. appeared being the keyword. senator majority leader mitch mcconnell announced he would not filibuster the measure. instead he allowed a straight up-or-down majority wins vote. the republican plan, extend the tax cuts for everyone. and president obama s plan, extend the cuts for 98% of americans, how olds making under $250,000 a year. why would senator mcconnell do such a thing? the only way to force people to take a stand is to make sure that today s votes truly count, by setting these shoet votes at a 50-vote threshold, nobody on the other side can hide behind a procedural vote while leaving their views on the actual bill itself a mystery, a simple mystery to the people who sent them here. and tonight, we now know where everyone stands. the democrats bill narrowly passed, 51 to 48. with two democrat, joe lieberman and jim webb opposing. the republicans plan failed. the vice president was there himself in the big chair in
playing chicken with the fiscal cliff. today the senate appeared to take action on extending the bush era tax cuts. appeared being the key word. senate majority leader announced he would not philly buster. he allowed a straight up or down majority wins vote. the republican plan, extend the tax cuts for everyone, and president obama s plan extend it for 98% of americans. that s households making 250,000 a year. why would the senator do such a thing? the only way to force people to take a stand is to make sure that today s votes truly count. by setting these votes at a 50-vote threshold, nobody on the other side can hide behind a procedural vote while leaving their views on the actual bill itself a mystery. a simple mystery to the people who sent them here. and tonight, we now know where everyone stands. the democrats bill narrowly passed 51-48. with two democrats opposing. the republicans plan failed. and just to give you an idea of how big democrats thought the vote was,
omni bus spending bill and throw every appropriations bill into one great big package, thousands of pages long and that s where the taxpayer of america really gets raked over the coals. bill: your suggestion then, just so i have this straight is go ahead and get republicans to pass a budget now that would extend the budget for a year then whomever the next president is, whether it s obama or romney you can work on the fine print then, or the bigger issues. do i have it right, basically? it s too late to pass a budget. first of all we want to take any kind of government shut down-showdown off the table. we are not interested in playing chicken like senator patti murray is apparently with the tax rates. we want to do two things. we want to extend the tax rates for a year and we also want to extend a continuing resolution, fund the government for six months, and as fiscal conservatives we voted against the budget control act, we think the spending limits are too generous, they are not p
we re doing here in texas and that s to create stability so the $2 trillion on the sidelines gets invested. you wouldn t consider any, any plan that might increase somebody s taxes even if it s at a deduction? you re asking hypothetical. i m against raising taxes. i want to focus on reducing spending. i think washington is spending money we don t have on programs we don t need. that s what i want to focus on and growing our economy. if we grow our economy, that s the major key here. lieutenant governor, thank you for coming on here. appreciate it. stay safe on the campaign trial. up next, nine months after the repeal of don t ask don t tell. a first of its kind event at the pentagon. plus, playing chicken on the hill. who s blinking first? it s darrell issa in one corner,
single biggest item in the fiscal cliff. i m not necessarily saying that the right thing to do is to extend those cuts. it could be there are other steps you could take that would have a similar impact. but that is the single biggest component of the so-called cliff. nick, help us translate there. i m not saying that s important. what is he saying then? i don t speak economist. i m not totally sure what he was saying. this is going to be a huge issue in the fall. and what s interesting to me is, you know, in general, this issue turf favors the republicans. but whenever you re going to play chicken, it s much easier when you re the president to play chicken than if you re boehner playing chicken. because he s gotten all these members and people he has to organize. he is not as mobile and maneuverable as the president will be. except they played chicken already on this, and the president lost. but i think there s another issue. if you listen to also bernanke s entire speech, he m