Page 22 - Spending Side News Today

So there are some actual things we do like about it. >> the deal seems 30 million people from having to pay the a terptive minimum tax indexing it to inflation. it raises the debt tax but has $5 million for individual estate and $10 million family estates like farms. but the payroll tax will go to 6.2%. inyees to cost the worker making $100,000 a year about $2,000 more. on the spending side, the deal extends the long-term unemployment benefit for another year. democrats incyst op it. >> its crit...

Decades have been burned whenever theyve gone and raised taxes and theyve been promised spending cuts and they never materialize. so, this is a very, very sore spot for republicans. they dont want to have to vote for a tax increase and then not get anything in return on the spending side, and we have not seen any real kind of offer from the president on spending. and i think that thats where the rubbers really going to hit the road in a couple months. >> jonathan collegeo and. right now secret...

Disgusting, for ten years all they said was that president bush only provided tax cuts that benefitted the rich. that was a talking point for years. all of a sudden, its like, oak, well, he we didnt mean that. >> a lot of that was true. >> and in the long run-- >> its a tired old song, bob. but george bush, the balance of the money went to the rich people. >> these are the people who paid the taxes and made the money to pay the taxes and the argument is that the economy got better because of the...

They said was that president bush only provided tax cuts that benefitted the rich. that was a talking point for years. all of a sudden, its like, oak, well, he we didnt mean that. >> a lot of that was true. >> and in the long run-- >> its a tired old song, bob. but george bush, the balance of the money went to the rich people. >> these are the people who paid the taxes and made the money to pay the taxes and the argument is that the economy got better because of the tax cuts and thats what the d...

>> we need to have transparency in whats going on up here so the american people can make a judgment for their selves, rather than take a press hit or, you know, a six-word sentence and let that be a defining moment. lets let them just observe us. >> michael steele. >> senator, its good to see you, and a happy new year to you. >> hi, michael. >> despite the noise that we have to deal with out here. youve been one of the more sobering conservative voices, whether its been on simpson/bowles or wha...

Disgusting, for ten years all they said was that president bush only provided tax cuts that benefitted the rich. that was a talking point for years. all of a sudden, its like, oak, well, he we didnt mean that. >> a lot of that was true. >> and in the long run-- >> its a tired old song, bob. but george bush, the balance of the money went to the rich people. >> these are the people who paid the taxes and made the money to pay the taxes and the argument is that the economy got better because of the...

They said was that president bush only provided tax cuts that benefitted the rich. that was a talking point for years. all of a sudden, its like, oak, well, he we didnt mean that. >> a lot of that was true. >> and in the long run-- >> its a tired old song, bob. but george bush, the balance of the money went to the rich people. >> these are the people who paid the taxes and made the money to pay the taxes and the argument is that the economy got better because of the tax cuts and thats what the d...

At the end of the day, youve got to deal with the spending side of the equation. and while you may want to, you know, chop down on republicans who, you know, have been intransigent on this point, it is the core problem here, is that we dont have a revenue issue as much as we have a spending issue. and those republicans like myself and joe and others who said lets look at this picture in total. you have to focus on that side of the equation as well and deal with those realities that we spend more...

Spending side of the ledger. lets say that leader mcconnell and vice president biden reach an agreement today, which i certainly hope they will, but that agreement clearly is just going to be on the revenue side. the majoritys going to be on the revenue side, and the problem is on the spending side. its ironic that the one proposal that leader mcconnell put forward, which was an idea that came from the white house, which was that you control the rate of growth of entitlements by changing the cal...

There is a spending side to the equation that nobody is really talking about but when it is put to the american people they say by far and away that is the best option. >> whose cut is the question. should we do cuts or taxes. cuts. what are are we going to cut? not a program you like. some bad program. if you ask liberal people they say yes cut the pentagon deeply. conservative people say cut welfare programs deeply. they both agree that cuts are the way to go but wouldnt agree on what what to ...