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They just need tax relief and this is taking a tax burden off their backs but the stimulating nature is well designed so for example, i was at a Manufacturing Company not long ago and my constituents in suburban chicago. The company said this. Peter, were going to invest 30 million in our plant next year if that Tax Bill Plans with full expensing as we proposed, were not going to spend 30 million. Were going to spend 50 million its that type of approach that were trying to create here which is why there was so much enthusiasm about it among republicans in the house. You havent seen this in a long long time. Maria well you have enthusiasm sure but not so much from those 13 republicans who voted no against the house bill. God bless them and if youre chasing everybody all the time in terms of a Roll Call Vote youll b ....
Example, they didn t attack carried interest which is clearly a loophole and then they went on to spend another many trillion, trillion and a half dollars on a personal side that really isn t an overhaul. it s in fact simply a change. maria: yeah, and you know, i know that this is a big deal for california. in 2014 alone, the salt deductions slashed californians taxable income by a total of $101 billion more than twice that of second place new york so new york and california are upset about this. do you think that there is room for movement here in the senate plan? i know you voted no largely because of the salt deduction being eliminated and your constituents seeing taxes go higher. do you think that the senate makes a change on that? well if the senate asks the basic question of why are we raising taxes on anyone other than those caught up in loophole closing, then they can get past this. one of the things in this bill ....
But what are they thinking? we would still have the defense budget after the sequester which is 50% higher than it was in 2000 in real dollars, before the whole bush war machine got cranked up, et cetera. they didn t get the memo the cold war is over. the american people said stop it, syria. we don t need this war machine. they can cut substantially, but instead the republicans will fight to raise it. democrats want revenue. they blew it in the fiscal cliff bill when they extended permanently $4 trillion of tax cuts for the upper part of the households in america. low income people weren t going to be impacted anyway, we never should have extended those taxes. you can t get them back now. it s permanent. and so there s no revenue except trivial loophole closing which will never happen because the lobbies dominate the process. and then finally, if i could just say, president obama stuck ....
Ana navarro and van jones. more reaction on the jobs numbers. dan lothian, what is the reaction? reporter: this reaction coming from alan krueger, the chairman of the council of economic advisers sounding that optimistic tone that we talked about, pointing out more work needs to be done, saying while more work remains to be done today s report provides evidence that the recovery that began in mid 2009 is gaining traction. he goes oon to say the administration urges congress to move toward a federal budget in a responsible way that balances loophole closing while making critical investments in the committee. the rnc putting out a statement saying those who are getting back in the workforce it s good for them but 7.7% unemployment is way too high and a lot of americans are living paycheck to ....
And a broad and coherent tax reform plan. don t do the kind of targeted loophole-closing that s just meant to torment the dead rich. do something more solid and comprehensive. and yes, let s move to do what we can on entitlement spending. willie, as long as the democrats and the national media had grover norquist as their strawman, it is this one man. it is this one terrible, terrible, small, evil man who is stopping goodness and justice from prevailing in america s budgetary wars. when they had him, this worked. he s no longer on the stage. and this whole tax cuts for the rich boogeyman has also been taken off the stage because we had this battle in december, and republicans, as peggy said, got their hat handed to them. now the president comes back and says if we could only tax the rich. but these republicans don t want to and by the way, they want to slash and burn the budget. ....