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investing. they haveotkyçz what we re trying to do, have the investment into a more o carrierringr the first order of business when they woman back next week. we hope it gets done quickly. then they have to think about what to do on the bush tax cuts. we understand that. hopefully we ll have some agreement on both of those issues, move swiftly. then they can turn to the president s proposals just made this week. but those proposals weren t made with a specific timeframe or calendar in mind. they re good policy, good proposals. if congress can t get to them in the next few weeks, they are still going to be good policy when congress returns. could i pick up on that, speaking of the tax cuts, that is one of the big tax items that has to be dealt with by the end of the year. former white house budget director peters or yag, you know, came out recently talking about maybe looking at some temporary extension of all the tax cuts. what would be the harm of that? i ....
administration. joining us this week is michael mundaca, assistant treasury secretary for tax policy. here to question him is kim dixon from reuters and martin vaughn from dow jones. michael, i want to start out by asking you about the proposals that the president put forward, the tax proposals to stimulate the economy. one of those was that he wanted to allow businesses to immediately write off 100% of their newly commit purchases in 2011, the aim being to free up cash to invest higher. what we re leading what we re hearing is that cash is not the problem. the issue right now is that folks are worried about the economy neck getting better, continuing continuing to stagnate or getting worse. in that light, how much good can you do by simply offering people a tax cuts if they are just worried about the economy not getting better? that is a good question. i think we need to put this in context. these are one not these are not one-of proposals. these are not one- ....