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Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

By the way, we should wish him happy birthday. >> happy birthday, senator. >> thank you. happy easter as well. >> he is -- i would say this. he is a serious member of the budget committee. i believe people of good faith working together and i will think it is going to take after the election are going to have an opportunity because you will a the tax cuts are about to expire and we will be. >> a lame duck session and could happen. >> either then or in the first part of next year. >> senator downson? >> i appreciate the kind comments. listen, i ran for the united states senate not only to repre...

About 44.8%. we have employers here in wisconsin that pay that tax rate who are competing against countries taxing their businesses like 16% in canada. almost 21% going in england. 25% in china. the world taxes their businesses at 25% and he is saying we will tax these job creators at above 45% with the new tax. what it does is it adds further instability to the system, more uncertainty and punishes job creation and those people who create jobs. class warfare, chris, may make for really good politics but it makes for rotten economics. are we don't need a system that seeks to divide people. we ...

Don't think is good for creating jobs and economic growth. you got to have jobs and economic growth if you want to get the deficit under control. >> getting back to the expiration of the bush tax cuts -- >> that's what i'm talking about. >> right. correct. and it not being a violation of the pledge. does that create some running room? >> no. i'm saying if you raise tax rates, that is violating a tax pledge. >> you view that as -- okay. >> yes. i view raising tax rates from 35% to 44.8% which is the effective tax rate that is scheduled to occur in 2013, i see that as a tax increase. more to the...