Page 610 - Schumer News Today

>> perot like. >> he was glad. >> so let me -- >> let me ask you, lawrence, i remain skeptical that this president and democrats in congress, even if they win, will let the bush tax cuts expire. you always talk about republicans can play the tax hand well. you know, they always say, we -- we had to extend the bush tax cuts. >> no choice. >> we had no choice. they had us shackled. they had us hand cuffed. behind the scenes they were saying we cant raise the taxes. obamas top people. why dont you ...

>> so its a legitimate question to ask mitt romney. and a legitimate accusation to make that hey, by process of elimination youve got to be for that. thats what schumer suggests. >> here we are where people have low confidence and are afraid to spend. lets raise a tax on everything they buy. that will encourage them to spend money. >> presumably -- >> terrible idea. >> presumably if asked, mitt romney would say i would never count that which then gets you back to the question of how youre going ...

Issue. if you put the math on paper and republicans are concerned about deficits. they dont like them more than anybody else does, how do you avoid cutting defense spending, really cant do much with entitlements, deal with the looming deficit that a president would incur. they have to go to some other form of revenue. and you do hear this. now you hear it from chuck schumer. would they dare raise a national sales tax tax? >> its always interesting to listen to what schumer says about political s...

Tax-geddon. the ball is in their quart. i dont know theres a lot that bernanke can do. theres a lot that schumer and friends can do. >> congress has 21 days of work before the november election, by the way, give me that gig. 21 days and this guy is looking at bernanke and saying, speed it up. youve got to be kidding me. >> i think, neil, in their little world, as you can see from bernankes smile, reaction, that was a little pat on the back and saying, i wish we were all doing better here. forget...

Thats what kirsten and these other democrats in the senate want to do. >> senator gillabrand is not the only one that wants to push this forward. i want to tell you, i researched this and senators james web who is a democrat and joe lieberman who is an independent but caucuses as a democrat, they are against this. they say they will not support these tax increases or as the president is saying tax cuts. >> if we keep the tax cuts for everyone, it is an increase. it is just less of an increase of...

Senator reid plans to wait two weeks before he brings it to a vote. many democrats have misgivings about this. several had proposed raising taxes only on much higher income than the president proposes. $500,000 in one case. schumer proposed $1 million in income. democratic leaders from both houses of congress were called to the white house this afternoon. in an effort to get everyone on the same page before the president goes out and starts campaigning. >> bret: such a political winner you wonde...

Aquarter of million dollars a year is not rich. its a lot different than in other places in the country. therefore, he proposed $1 million cap. but for schumer, he now said well, ill swallow it because im a team player, but clearly, he is against it. a lot of democrats are against it. people understand its a gimmick. the point about republicans being for one-year extension but romney has all kind of proposals and capital gains on deregulation. obama has nothing else. anemic economy, and debt. wh...

Talking point and he pushed back on it. >> the proposal i make today would extend these tax cuts for 97% of all small business owners in america. >> lets remember here, its not just republicans who prevented the president from trying to decouple the tax cuts for the wealthy from the cuts for the middle class. its not clear democrats agree with each other about where the cut-off should be. >> the problem is in my state there are a lot of people who make above 250 who arent rich. >> well, okay. sc...

Million. >> you hear about the division there with schumer and pelosi, their ideas versus that of the presidents. why is it democrats can never get on the same page? this is a strategic bid, yet the ducks are not in a row. we know there is not a lot of cross-talk between the white house and congress depending on who you talk to, frigid relations or lukewarm. but that to me seems like not the best coordination, if you will. >> well, the simple answer is wall street, that wall street has represent...

>> your children can wind up being seated in different rows next to strangers and people they dont even know and out of sight of their own parents. thats absurd. >> schumer is asking transportation officials for new rules that would prevent this all from happening. former british prime minister tony blair testifying today in london about his relationship with the press and rupert murdoch as part of the phone hacking investigation involving the news of the world paper. earlier, blair insisted it ...