A deathbed conversion. there have been a series of tax cuts for businesses but in looking at the pace of the recovery, thank goodness we re not shrinking, we re growing. the president will announced additional steps to get us growing again. the politics will take care of themselves on this. the issue is we have economy that was shrinking and now growing. what can we do to accelerate the pace of growth? chris: you say it s not deathbed conversion but it takes place less than two months before the election. it feels like this is more about the election than the economy. here is why i argue with that. you call it a deathbed conversion. chris: i didn t. somebody would. chris: senator mccain did. if the president had not been doing targeted tax credit to help small business from the first day he was in office, so there have been eight tax cuts already going to small business. the hiring act was the recent one last spring. folks on the team charted, g.d.p. shrinking, losing 750,000 jobs a month and now turned to positive. but we all agree we want it to be positive with more acceleration. so at every step along the way, we re going to look to see what we can do more that will be smart to juice this innovation economy that is why america is chris: you just heard john mccain s position. you re quite right it has changed from 2001 and 2003 on the bush tax cuts for the wealthy. the fact is, a growing number of democrats agree with republicans. it would be a mistake to raise taxes on anyone in the middle
The man known simply as junior. all right now on fox news sunday. and hello again from fox news in washington. on this labor day weekend, the slow recovery and rising unemployment are not just big economic news, but also the central issue in the mid-term elections. we ll talk with democratic party chair tim kaine in a few minutes. but first, republican senator john mccain who joins us from his home state of arizona. senator, president obama is set to announce a new economic plan this week that will reportedly center on tax cuts for business to boost hiring and investment. it sounds like something straight out of the republican play book. what is your reaction? well, my reaction is that we always like to see a deathbed conversion, but the fact is if we had done this kind of thing nearly a couple years ago we d be in a lot better shape. they re just flailing around. every place i go in my state where people are hurting very badly, one of the major things
Actually on fox news sunday. my reaction is that we always like to see a deathbed conversions but the fact is if we would have done this kind of thing nearly a couple of years ago, we d be in a lot better shape. here s why i d arc ygue that that. you d call it a deathbed conversion if the president had not been doing targeted tax credits to help small businesses from the first day he was in office. so there will be eight tax cuts already that have helped small businesses. all right. so you re seeing the political landscape of the argument being heated up for the midterms. president obama meantime has proposed making the r&d tax credit permanent before and his budget plan earlier this year. now, there s plenty of bipartisan support for the $100 billion idea. supporters say the tax credit creates high wage american jobs. the challenge is how to pay for it. aides say president obama will ask congress to close corporate tax breaks for multinational
The man known simply as junior. all right now on fox news sunday. and hello again from fox news in washington. on this labor day weekend, the slow recovery and rising unemployment are not just big economic news, but also the central issue in the mid-term elections. we ll talk with democratic party chair tim kaine in a few minutes. but first, republican senator john mccain who joins us from his home state of arizona. senator, president obama is set to announce a new economic plan this week that will reportedly center on tax cuts for business to boost hiring and investment. it sounds like something straight out of the republican play book. what is your reaction? well, my reaction is that we always like to see a deathbed conversion, but the fact is if we had done this kind of thing nearly a couple years ago we d be in a lot better shape. they re just flailing around. every place i go in my state where people are hurting very