Page 2 - Dollar Reduction News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> is that a carbon tax? >> yes, a revenue neutral carbon tax. give a corresponding dollar for dollar reduction, reduce tax that punishes income. and making it so imports are subject to the same tax. >> if we're talking about, you know, poison pills, or language that is kryptonite, do you think he would have more success pushing for a tax as opposed to regulation? >> i think he would have more success if he said, listen, we can give you the votes for a tax on carbon dioxide.

Honest about this shall i say. the report is great. it says a trillion dollar reduction in the deficit, in the debt. a trillion dollars. all my republican friends have been squealing about the debt like a pig stuck under a gate. this makes a huge down payment on the bush debt. second, it doesn't say that jobs would be lost. it says people will freely choose perhaps to retire early. they can't keep working. they'll be free to retire early before they get medicare because now they'll have health care or maybe new parents, new moms and dad, i'm thrilled you're back, but a whole lot of new parents...

On in newtown is just beyond comprehension. having said that, i think what that also does is it says to politicians, both republican and democrat, it's time to make this work. i think what you've seen from the speaker is he laid out that first step in terms of looking at folks making over $1 million, potentially saying okay, for those willing to put that on the table, although again, i've not had any direct statement in terms of that from the speaker's office, that's clearly what's out there. i do have to go back to one point. i have not heard from anybody the debt ceiling part of that, that t...

With money. >> julie: credits an deductions are not the same thing. >> deductions, you reduce your taxable income and credit is a dollar for dollar reduction in your tax, if you had a thousand dollar deduction in the 25% tax bracket you put $250 in your pocket, not bad but a thousand dollar credit you put a thousand dollars in your pockets. much better and look for credits more than deduction. >> julie: if you have children, there are a lot of changes for 2009, many, of course are subject to your income, and there are limitations, new car purchases, college tuition, residential energy property...