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Session compromise that extended the bush tax cuts in exchange for jobless business and a cut in social security taxes. he led our efforts to pass the small business jobs bill, to help companies all across america. he also helped negotiate the tax compromise that we passed at the end of this year. he is a public servant would has devoted his life to making this economy work and making it work specifically for middle class families. reporter: the tax cut will add a full percentage point to the economic growth of the year but the fed chairman says it will take considerable time before the unemployment rate is back to normal. shepard: thank you from the white house. house republicans today taking their first step toward repealing the president s sweeping health care overhaul. a procedural vote along party lines for an up-or-down vote for repeal, which is symbolic.
Going to raise the debt by $230 billion, and they re waving away the reality that this cbo says that s what it will do by saying they just disagree. well, you ve got to have an independent referee, so this is a very, very significant decision that s going to have real impact on real families in every district. jenna: do can you feel you adequately know all the different provisions in the health care law? we ve heard a lot of references, again, about how big the bill is. do you feel you re versed enough to support the entire bill? no. i ve been very clear with my republican colleagues that this bill could be improved, and if they were saying, look, there are a lot of things we ve got to get better, we ve got to bring down the costs of health care where, in fact, i think we do have much more work to be done, i m all in. because improving it is one thing. but literally this wholesale repeal when you re taking away from people things that they really need, keeping their kids on their own
Coming back is because they listened to their constituents, in oklahoma, a vast majority of the folks back home are against this bill, there are provisions in the bill that i like, there are two or three, i think three or four, even, that you can point out that we d like to keep. but overall, this is a job killer, it increases the decifit. i don t agree with the cbo estimate. so we need to rekneel and replace it with something that is more common sense, that s bipartisan, where you take different elements that we can all agree on and move forward. jenna: what s been the reaction from your colleagues? you know, they realize. i think after the shellac, as they say, within our caulks, i think people say maybe you should listen to your constituents and vote your conscious. i haven t gotten a lot of pressure, pushback. i can tell you the folks back at home are very happy
Jenna: joining us now, a democrat vowing he s going to defend the health care law, congress congressman peter welsh of vermont. what goes through your mind when you hear your colleague? well, obviously, i disagree with dan and the republicans. the republicans campaigned effectively, and they beat us good. they ran against obamacare, as they called it, they want to repeal it, and now they re doing it. they should own it because the specifics really make a difference to american families. they re throwing out health insurance reforms that are broadly popular in their district and in mine. things like allowing you to get coverage if you have a pre-existing condition like cancer, letting our kids when they get an entry-level job getting out of high school stay on our policy so they have health care, letting our folks, our parents who are on medicare be able to get free preventive care that is so critical. the e republicans are doing that, they re proud of it, they should say it, they sho