Page 18 - 111 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Afford to hire people. >> and though taxes can go up? >> they can retro that back. i think it is a lucy deal and we can do better. >> greta: is governor palin right? is this a lousy deal? congresswoman bachmann joins us. should the tea party caucus and the tea party movement should they be happy with this or not? >> i want happy with it. and i voted no on the tax bill as well. it continues deficit spending. spending that we can't pay for. a clear message we got from the voters in november. even more than that, i'm worried because it blows a hole wide open in the social security trust fun of 11...

Opportunity to change this bill. not just targeting the estate tax, but looking at all the high income tax cuts, getting rid of the very troublesome provision of robbing $111 billion from social security trust fund. >> yeah. we have been pestering you regularly. you state your case so clearly. you have been leading the revolt trying to prevent the extension of tax cuts to everyone. do you have any chance of succeeding? >> well, today, they had begun the process of moving the legislation forward and then they abruptly canceled or recessed the house. we've been noticed now to go back in. a numbe...

Employers to pick up the 2% share that employees won't be paying. because the way we fund social security today is in real-time. it is all of our paychecks the payroll tax comes out, it goes into the social security trust fund and essentially it goes right out the door to pay when we lower that amount, that is going into social security by 111 billion dollars, people are still depending on those checks. we have to pay them. so we have to have some means to do it. i think this bill will mean a tax increase around the >> greta: 138 republicans in the house voted for this bill. what specifically,...