Jessica, what are the specifics of this offer tonight . Reporter hi, wolf. According to senior officials on both sides of the aisle, the president is asking for 1. 6 trillion in new taxes. That includes raising taxes for families who make 250,000 or more. Youll recognize that as a pledge from his campaign. And it also includes limiting deductions and loopholes as well as other changes to Capital Gains and dividends taxes. Well, that is the headline for republicans, wolf, who say it is far more money in tax rates than they ever expected to hear from the white house in any offer. Moving on to some other aspects of the proposal, secretary geithner on capitol hill also outlined in this plan an intention to extend unemployment insurance, 50 billion in stimulus for next year, and creating some kind of permanent mechanism to extend the debt limit so we dont repeat a crisis like last summer. Now, what would they get in return . What would the white house give . The proposal is they would offer
President is asking for 1. 6 trillion in new taxes. That includes raising taxes for families who make 250,000 or more. Youll recognize that as a pledge from his campaign. And it also includes limiting deductions and loopholes as well as other changes to Capital Gains and dividends taxes. Well, that is the headline for republicans, wolf, who say it is far more money in tax rates than they ever expected to hear from the white house in any offer. Moving on to some other aspects of the proposal, secretary geithner on capitol hill also outlined in this plan an intention to extend unemployment insurance, 50 billion in stimulus for next year, and creating some kind of permanent mechanism to extend the debt limit so we dont repeat a crisis like last summer. Now, what would they get in return . What would the white house give . The proposal is they would offer 400 billion in medicare and other entitlement savings but exactly what those would be are to be determined in negotiations next year. Re
Reporter hi, wolf. According to senior officials on both sides of the aisle, the president is asking for 1. 6 trillion in new taxes. That includes raising taxes for families who make 250,000 or more. Youll recognize that as a pledge from his campaign. And it also includes limiting deductions and loopholes as well as other changes to Capital Gains and dividends taxes. Well, that is the headline for republicans, wolf, who say it is far more money in tax rates than they ever expected to hear from the white house in any offer. Moving on to some other aspects of the proposal, secretary geithner on capitol hill also outlined in this plan an intention to extend unemployment insurance, 50 billion in stimulus for next year, and creating some kind of permanent mechanism to extend the debt limit so we dont repeat a crisis like last summer. Now, what would they get in return . What would the white house give . The proposal is they would offer 400 billion in medicare and other entitlement savings b
White house for us tonight with new developments. Jessica, what are the specifics of this offer tonight . Reporter hi, wolf. According to senior officials on both sides of the aisle, the president is asking for 1. 6 trillion in new taxes. That includes raising taxes for families who make 250,000 or more. Youll recognize that as a pledge from his campaign. And it also includes limiting deductions and loopholes as well as other changes to Capital Gains and dividends taxes. Well, that is the headline for republicans, wolf, who say it is far more money in tax rates than they ever expected to hear from the white house in any offer. Moving on to some other aspects of the proposal, secretary geithner on capitol hill also outlined in this plan an intention to extend unemployment insurance, 50 billion in stimulus for next year, and creating some kind of permanent mechanism to extend the debt limit so we dont repeat a crisis like last summer. Now, what would they get in return . What would the w