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Understands that whether republicans go forward and pass tax decreases or they go over the cliff and all of the taxes go up and that makes it the case where republicans have to vote for some kind of tax decrease, he wins so it s a win/win for democrats, and they believe they just have to wait republicans out on this. they see the drip, drip, drip of other republican groups, bill kristol, the weekly standard other folks coming out saying it s not so bad to give 98% of folks a tax cut and live to fight another day but many republicans are against that. they won t move on this and can boehner bring the confidence around and the democrats are betting that the president needs to pressure boehner so that not that he can lead the conference but that he can force them over to the president s position later in the month. there is this sort of bigger message that s coming from the ....
One of our analysts talking about how that could be a little deceptive. here s the president. i m not proposing anything radical here. i just believe anybody making over $250,000 a year should go back to the income tax rates we were paying under bill clinton. back when our economy created nearly 23 million new jobs, the biggest budget surplus in history and plenty of millionaires to boot. i was so interested that obama spoke about returning the tax rates to the rates that prevailed under president clinton, that s a flat out lie. well, it is true that he would raise the tax rates on the upper bracket to 40% which it was under clinton, which by the way would generate about $70 billion of revenue, not enough to do any significant damage to $1.4 trillion deficit. the thing that distinguished bill clinton s economy from the previous economies was not the tax increases but the tax decreases. ok. ....
84,000 new jobs last month. that is a step in the right direction. we have seen the jobs report this morning. and it s another kick in the gut. to middle class families. eric: step in the right direction or kick in the gut? bob: coming from mitt romney who never met a payroll in his life, it doesn t matter what he says. dana: that is not true. bob: what payroll did he snake eric: bain capital. bob: they take their money from the profits they get. dana: do we compare that to president obama? bob: you talk about the trillion dollars of which i said $300 billion of that was for tax decreases. president obama not raised a single tax. he has cut taxes. dow jones/industrials has gone up 60%. by the way, the places you re from, foreign profits, since he took office, have increased by 50%. eric: are we still on jobs? bob: there are a few other things here you want to skip over. greg: i love it, though. now suddenly this is pro-profit. kimberly: can you believe ....
Enough to temporarily lower rates, why isn t it good permanently to do that? we are too used to in this country, and what congress keeps doing, is putting band-aids on the solutions. look at permanently lowering tax rates so the people can plan into the future. i know what works, as an economist by training, what works is permanency. you do not get that with the temporary tax decreases. if it were a stand alone, i would vote for it, if it was just a cut in the payroll taxes. neil: but do you fine it odd that some of your republican colleagues leaving aside the tax on millionaires, have made a big deal before that idea came up of making sure the payroll tax cut was paid for, this stands in stark contrast to the prior ....
positioned himself very much as the grown-up in the room, the reasonable one, something that the president s advisors thought would help him appeal to the independent voters that he needs if he s going to win relection next year. we re seeing a very different tact now. a very aggressive tact, especially after the president saw dismal approval ratings following that bruising debt ceiling battle. we ve seen the president taking his message to the home turf, as you mentioned, of his rivals and calling them out by name. we saw that this past week when he went to the brent spence bridge which is the bridge spanning the home states of house speaker john boehner and senate minority leader mitch mcconnell. here s what he said. the bridge behind us just happens to connect the state that s home to the speaker of the house with with the home state of the republican leader in the senate. now that s just a coincidence. it s purely accidental that that happened. but part of the r ....