Stimulus Provisions News Today

Taxes are going to go up january 1 if the u.s. congress does not deal with the fiscal cliff. >> gretchen: so this is a result of the fact that the bush so -- so-called bush tax cut also expire is this. >> yeah. >> gretchen: there has been no action on that thus far? >> its part of that and also the payroll tax cuts and also all sorts of stimulus provisions such as child tax credits, education credits for college, the earned income tax credits will go away for the poor. the cbo is out there sayin...

Good in you let the payroll tax cut expire. what romney is attempting to do is let some of the stimulus provisions that help out people. hes fairly consistent here. its more generally republicans who when they talk about what they want to do on taxes. what they really want to do, the way they see the economy is they want to lower taxes on richer folks. the folks they think of as job creators under the theory that will unlock some dramatic amount of economic who ten initial the economy. its impor...

But does bill clinton have a point here as far as public opinion? >> well, you know, im thinking that the presidents probably stopping and thinking every once in a while, i wish some of my other cabinet secretaries, you know, i never hear about any of their spouses causing trouble for me. you know, interesting thing i find about this is the actual stimulus elements of the obama administrations plan are less popular than the anti-debt elements of the plan. the anti-debt elementses wi, th increase...