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the reason, a tax cut america might be about to lose. over the past year you have probably had $1,000 extra. thanks to the payroll tax cut. you will save at least that much next year, if democrats and republicans extend it. two bills are up for vote to do just that. the democrat bill taxes millionaires to pay for the extension. the republican one freezes federal pay and cuts millionaires off from some benefits like unemployment. both bills will likely fail. because surprise, surprise, the parties haven't compromised. now congress has 30 days to pass the payroll tax extension. if they...

In our state, as a public/private agency. and we have hundreds of thousands of jobs in north carolina at the rtp because the government came together with private industry and helped create this industry in north carolina. so i think we've got to continue doing that. but we've got to do it with democrats and republicans putting aside the partisan bickering, the ideologues, and work together. just last week, i introduced a bill with john mccain as the co-sponsor on the foreign earnings reinvestment act. american companies have, right now, over a trillion dollars sitting overseas, not doing amer...

The short-term. >> that the kind of cutting back regulations and lowering taxes is really good long-term economics but might not give a short-term boost to the economy. >> we believe the best way is to provide incentives for investment to create jobs. we are for tax relief for small business and we believe and agree with the president that business expensing is something that we can provide entrepreneurs right now and you will see us bring a bill forward. hopefully the president agree to work with us. he is actually talking about joining us in the in create jobsmental approaches rather than th...

Americans any good. if we can bring that money back to our country, we can begin to hire american workers, and once again, john mccain and i came together and put this bill forward. it's got to be a bipartisan effort in order to move forward. >> well, the crowd in north carolina chanted four more years for obama, but the president made clear his priority right now. let's hear what he had to say. let's listen. >> i appreciate -- i appreciate the four more years, but right now, i'm thinking about the next 13 months. because, yes, we've got an election coming up, but that election is a long ways ...

Regulations, lowering tax is really good long term economicsl but it might not give at short-term boost to the economy. >> we believe, chris, the best way is to provide incentives for investment and create jobs.s. we're for tax relief for small s business. we believe and agree with theve president that businesse expensing is something that we can provide entrepreneurs right now. you'll see us bring a bill forward. u hopefully the president will agree to work with us. finally he's now talking about actually joining us in these incremental approaches rather than his all or nothing planng that's ...