Page 21 - Deficit Issue News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Failures so far of health care, get us away from looking at harry reid and the rest of the democratic leadership that doesn't seem to be helping him right now? is that it? >> i think all those things are part of the story but i think there are two bigger things that the white house has seen post-massachusetts. one, start winning the outside game again. they were too mired in the inside game, this legislative process. two, they got to make the republicans pay for their intrance intelligence. if they continue to let the republicans stone wall against him. >> how do you get a guy like mitch mccon...

Around and try to make a decision then. you've got to remember, wolf, i was fresh off not being able to make any headway on the deficit issue when i voted no that night. i still felt there was an opportunity to possibly have a bipartisan bill. i was still in discussions with some democrats that were interested. but at this point, you know, when it came -- comes time for this vote, i know that that is not going to happen and do i think our country's better off having this tax reform in place versus not? i do. >> because one thing did change between the no vote and the yes vote tonight, and you ...

Pause. this bill will probably raise taxes on folks who are at the bottom of the income spectrum. those are two fundamental problems that go way beyond gop civil war and go to the heart of philosophy and people's pocketbooks. >> let me quibble about that. he's fundamentally right. middle-class tax cut also expire and then they'll go back up. that's how they try to deal with the deficit issue. upper income taxpayers, wealthy americans get a bigger break because of the phasing out of the estate tax. >> big time. >> which is big. but if you're a wealthier american you probably end up paying more ...

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>> chris: senator corker, democrats and you just heard this sort of from dirk durbin but i heard it in more extreme forms from other democrats say it is more important to have economic growth than to deal with the national debt. your response? >> i think we should have economic growth and obviously we would like to see that happen and i think reducing the deficit helps cre create econoc growth. look, i think it is ridiculous to say that cutting $1.2 trillion over the next decade when we will spend $47 trillion of your money is a step too far. of course, we need to do that. and on top of that w...