and also i don t think they got rolled. i don t think they got rolled. if you look at where the money goes in this package, the democrats got the extension of tuition tax credits. the earned income tax credit. they got middle class tax cuts. so if you want to divvy up numbers actually, the democrats actually got more of what they wanted and the republicans got what they wanted. the big thing here is this is for phase two, what happened next on deficit reduction because i think now republicans who vote for this are complicit in adding to the deficit so the question really is do you do some big tax reform package that reduces the deficit. they got rolled in a sense when the president in this news conference talked about the notion of maintaining a purist position. all throughout the midterm elections you heard the
is that the president and his advisers all rolled. yes. and also i don t think they got rolled. i don t think they got rolled. if you look at where the money goes in this package, the democrats got the extension of tuition tax credits. the earned income tax credit. they got middle class tax cuts. so if you want to divvy up numbers actually, the democrats actually got more of what they wanted and the republicans got what they wanted. the big thing here is this is for phase two, what happened next on deficit reduction because i think now republicans who vote for this are complicit in adding to the deficit so the question really is do you do some big tax reform package that reduces the deficit. they got rolled in a sense when the president in this news conference talked about the
advisers, they all rolled. yes. with the, i don t think they got rolled. ty don t think they got rolled. if you look at where the money goes in this package. it goes to i mean, the democrats got the extension of tuition tax credits. the earned income tax credit. they got the middle class tax cuts. if you want to divvy up the numbers actually, the democrats actually got more of what they wanted, and the republicans got what they wanted. the big thing here is, and this is for phase two. what happens next on deficit reduction. republicans who vote for this are complicit in adding to the deficit, so the question really is,do you do some big kind of tax reform package that reduces the deficit? they did get rolled. they got rolled in the sense, when the president talked about this whole notion of maintaining a purist position. all throughout the midterm elections, you heard the president talk about, i will not
grants. we tripled tuition tax credits for the middle class. so, there s a real opportunity for middle class families, for families from lower income situations to have a chance to go to college. i feel very good about for the first time in a long time, we can look any 9-year-old or 10-year-old in the eye and say no matter how tough things might be in the neighborhood or in your home, if your dream is to go to college, your opportunity is going to be there for you. people are talking more and more about the deficit and more and more in an election year where you have fewer democrats in the congress next year, people looking to get more spending in washington, are you looking for more money? we have a bill coming before the house tomorrow that would pass the senate and help us save $10 billion package that would save us 160,000 teacher jobs k to 12 this fall. we think that s absolutely important that happens. the last thing our country needs is to have 160,000 teachers on the unempl
children. and by the time they go to college, i m not sure if we re going to be able to afford it. i was wondering and you mentioned a few things already that could relate to the video, what specifically is the administration going to do to approach rising college costs to make it affordable for everybody. it seems like it s becoming something that only the rich and wealthy are able to do that. and we re not rich and wealthy. it s a very real change. again, $10,000 tuition tax credits for the middle class, $36 billion in increased pell grants over the next decade. and then income-based repayment at the back end to reduce those loan repayments and erase them after ten years of public service. these are real challenges, but i think this has been amazing leadership by the president and support in congress to make these things happen and i think we re changing the opportunity structure going forward in very, very significant ways. that was a special town hall with the education secreta