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Under the current law the exemption is $1 million with a 55% max rate. this is the much more favorable deal. the president agreed to $5 million is where the line is and only a 35% max rate. that s why it adds up to $68 billion. let s take one more quick here. see the line come down? that s the two years of this deal. this is a two-year deal. $68 billion added to the deficit. then the government assumes the rate will go back up. they will have to fight that one out in congress. but that s the price tax democrats don t like. they think that s a big giveaway to wealthy estate holders. a quick break for us. when we come back, sarah palin makes a weekend trip to haiti. why was she there? what did she say? gary tuckman joins us in a moment. [ male announcer ] this is james. ....
Nancy pelosi, eight hours she was on the house floor speaking, demanding a commitment from paul ryan to hold a vote on dreamers after they get their funding issues resolved and on the right, deficit hawks have come out swinging against the deals price tax, watch. quite frankly, i am astonished that the republican party seems to be a party of big government in this day and age. the priorities in the bill, i hope the speaker will man up and decide that we in the house can also have what mitch mcconnell guaranteed in the senate. so you won t vote for it? no, i won t. harris: mike, any update on the timing of the vote? i just told our viewers that the closure to end the debate happens in the next 40 minutes or so. there seems to be a sense of ....
Democrats come november, even though the partisan politics in washington make it all but certain by most people s assessment that we ll not see any bill passed, at least before election day. the president certainly pumped up this afternoon on the road in hard-hit ohio where the unemployment rate is 10.3%. the economy is growing again. the financial markets have stabilized. the private sector has created jobs for the last$ru months in a row, and and there are roughly 3 million americans who are working today because of the economic plan we put into place. stop me if you ve heard that one before. cash for clunkers which cost the government $3 billion in borrowed money, boosted car sales for a grand total of two months. can you see the chart. when the program ended, detroit s tanks started running on empty once again. look at the only buyers tax credit with a price tax of $25 ....