are putting over the economy with their refusal to extend the 2001 and 2003 tax relief unless they get their way on tax increases for small businesses. but hatch, to his credit, is not just complaining here. he s not just carping. he s proposed an actual alternative, the tax hike prevention act of 2012. hatch s plan would extend all of the bush tax cuts for another year. it would keep the alternative minimum tax from biting most minimum taxpayers, it would begin working on tax reform, butio know the goal it wouldn t achieve? it would not prevent a tax hike from occurring in 2013. that s why you have to read to the bottom of these things. it s right there in his press relief. it says, and i quote, there is no extension of the pay roll tax cut in the amendment. in addition, the increase spending through the tax code from the partisan 2009 stimulus law is not included in the
amendment. so right there in the press release for the tax hike prevention act of 2012, it says there are tax hikes that are not being prevented by the taact. if you have been paying attention to this or to politics in general in the last 20 years, you know one thing for sure. democrats want to raise your taxes and republicans want to cut them. democrats, tax hikers. republicans, tax cutters. democrats, taxes up. republicans, taxes down. so right, that s what we know, right? wrong. republicans do want to cut taxes on rich people. that much is fully true, and democrats want to raise taxes on rich people. that is at least mostly true, and i say mostly for reasons i ll explain in a moment. but when we re talking about poor people, the positions reverse. democrats want to cut taxes on poor people. and republicans at the moment
2001 and 2003 tax relief unless they get their way on tax increases for small businesses. but hatch, to his credit, is not just complaining here. he s not just carping. he s proposed an actual alternative, the tax hike prevention act of 2012. hatch s plan would extend all of the bush tax cuts for another year. it would keep the alternative minimum tax from biting most minimum taxpayers, it would begin working on tax reform, but you know the goal it wouldn t achieve? it would not prevent a tax hike from occurring in 2013. that s why you have to read to the bottom of these things. it s right there in his press relief. it says, and i quote, there is no extension of the pay roll tax cut in the amendment. in addition, the increase spending through the tax code from the partisan 2009 stimulus law is not included in the amendment.
state last night where on the ballot was an niche they ve would have for the first an niche they ve would have for the first time put a state income tax on the wealthy was resoundly rejected, by 58%. that was reflective of the mood of the country. i think he made a baby step forward on that. if he were smart political politically, i think he would take a full step, say they should pass senator mcconnell s tax hike prevention act. greta: the fact is there has to be give-and-take or we ll have more problems. we hear the republicans say they want to repeal health care and the democrats say they want to tweak it remember, voters told republican candidates that s what they want. greta: maybe that was a poor example on my part. i think it is a good example. greta: they ve got to start they ve got to lay down the
state last night where on the ballot was an niche they ve would have for the first an niche they ve would have for the first time put a state income tax on the wealthy was resoundly rejected, by 58%. that was reflective of the mood of the country. i think he made a baby step forward on that. if he were smart political politically, i think he would take a full step, say they should pass senator mcconnell s tax hike prevention act. greta: the fact is there has to be give-and-take or we ll have more problems. we hear the republicans say they want to repeal health care and the democrats say they want to tweak it remember, voters told republican candidates that s what they want. greta: maybe that was a poor example on my part. i think it is a good example. greta: they ve got to start they ve got to lay down the