normally such a bill starts in the house with wreck order, give us a chance to provide the amendments and otherwise, but the way president obama and speaker pelosi have been running this, we will not know where it begins until next week. neil: so will stay in session to get this done, not the tax cut thing, but would this get done? guest: this has to get done until they intend to close down the government. i don t believe that is the end result but they hope they can use the c.r. to make a christmas tree out of their spending. neil: so there is a rush to get the spending done. this is no rush to deal with the bush tax cuts, right? guest: no wish to deal with the bush tax cuts. in an economy that is faltering the one thing we need is to extend the tax cuts, to absolutely assure some chance of creating jobs. i don t believe that will be done between now and election.
able to win in november and they are conservative and they could have a tough time getting through the general elections. i think this is just the beginning of the tsunami and the tsunami is now headed right smack in the center of the democratic party and we will see majority losses. neil: they feared that in nevada and after she won, down 20 points, and the polls now i think she is ahead. you never know. but there are signs the democrats are reading the writing that could be on the wall, the 32 that bolted from the president and the speaker on the tax cut thing for the rich. where is that going? guest: disarray. my sources tell me the democrat caucus cannot agree on anything. it is everyone for themselves. there is no unified strategy on what to do about extending the
i want you to listen to joe biden a little bit ago on this subject. the only argument that our republican colleagues make is, well, this is really going to hurt small business if you don t extend the entire bush tax cuts. here are the facts. not 3% of the small businesses in america would benefit one penny in extending the top 2% tax cut. clear this up for us. every time we start down this tax cut thing and $250,000 mark, what we hear is this will hurt small businesses. is this overall a drain on small businesses? should the tax rates expire on those making $250,000 and up? we think this is the wrong time to have taxes go up for
$250,000 per household or under. i want you to listen to joe biden a little bit ago on this subject. the only argument that our republican colleagues make is, well, this is really going to hurt small business if you don t extent the entire push tax cuts. here are the facts. not 3% of the small businesses in america would benefit one n penny in extending the tax cuts. every time we start down this tax cut thing and the $250,000 mark, what we hear is this is going to hurt small businesses. is this overall a drain on small businesses should the tax rates expire on those making $250,000
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