we ll talk about that portion of it as well. christine romans is here to explain. how would this work. would you pay a penny and a half a mile or 30 cents a gallon. depends on what kind of car you drive. exactly. this is a pilot program starting in two years. it will be voluntary. they want to test to see if this is a way for the state to raise more money for tex revenue to fix bridges, roads and the like. 30 cents gas tax. it would work out if you use a mileage tax of 49.2 cents a gallon. a typical driver would be paying more. i m totally confused. i don t get it. they re trying to raise money. that means more taxes. fundamentally this has to be worse for. if you re a gas guzzler, actually it helps you a little bit. if you drive a lot of miles, it s not good for you. middle of the road driver, maybe you d pay a little bit more.
the 68-team bracket will be released around 6:00 p.m. shannon: i will be watching from my flames. reporter: i am waiting to hear about villa floafa. shannon: and the tar heels, in the control room. that s what they are waiting on. there is plenty of gridlock on capital hill. that s no secret. so will the president s meetings with lawmakers make a difference? or is it all for show? a man with plenty of knowledge, fox news contributor, now, jon kyl. we have a former colleague, ben cardin, democratic senator. he said what they have rolled out this week, which made it through the senate budget committee, is a balanced plan. yes, it has a lot of new tex revenue, but it s the only way to be fair. your response? well, it might come as no surprise, i disagree with my good friend, ben cardin. i was pleased to see both ben
for political gamesmanship. we need to protect the american families and businesses from this looming tax hike. everyone geese agrees that action is necessary. this morning we ve been trying to come up with some counter offer to my friend s proposal. we ve been unable. i had a conversation with the president and at this stage we re not able to make a counter offer. i will say this, i think that the republican leader is showing absolutely good faith. it s just we re apart on big issues. we have fox team coverage of the rapidly changing situation. our chief white house are correspondent ed henry a live at the house and mike, republicans are worried about what the house would do with new tex revenue.
the economy shrinks, tax revenue goes down. long-term employment undercuts the economy s long-run productive capacity, which means lower tex revenue in the future. pretty much a slam-dunk. cutting spending, austerity, a lose/lose policy even on the debt front. give me an economy that is not in a depression, it is a very different story. i was actually a deficit hawk when george bush was trying to ran through tax cuts that were unfunded. ran through unsupported wars, wars without any revenue source to pay for them. right now is the wrong time to obsess over the deficit. incredibly misguided obsession to have right now. when i was studying economics in college, i can tell you, the
disaster. it doesn t even help the budget position. the economy shrinks, tax revenue goes down. long-term employment undercuts the economy s long-run productive capacity, which means lower tex revenue in the future. pretty much a slam-dunk. cutting spending, austerity, a lose/lose policy even on the debt front. give me an economy that is not in a depression, it is a very different story. i was actually a deficit hawk when george bush was trying to ran through tax cuts that were unfunded. ran through unsupported wars, wars without any revenue source to pay for them. right now is the wrong time to obsess over the deficit. incredibly misguided obsession to have right now. when i was studying economics in college, i can tell you, the