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Detailed text transcripts for TV channel - FOXNEWS - 20100916:22:06:00

small businesses throughout our country. >> reporter: finally, on a procedural vote, senate democrats rejected a measure that president obama has identified as a top priority on his economic agenda, the permanent extension of tax credit that businesses receive for research and development. bret. >> bret: james rosen live on capitol hill. thank you. most presidents struggle with getting their nominees through the senate confirmation process, but some republicans are accusing president obama of bypassing the system to avoid a fight. white house correspondent wendell goler reports tonight while the president will bring his choice on board. she will be shaping a new government office instead of running it. >> in the end, there was less question about whether elizabeth warren would oversee the new consumer financial protection bureau than how the president would arrange it. he made clear she's been his choice from the start. >> the idea for the agency was elizabeth warner, she's been a dear friend of mine, somebody

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Detailed text transcripts for TV channel - CNN - 20100916:11:41:00

although we've seen eight months of positive job growth, it's still fairly fragile, we believe there should be at least a short-term extension of all job cuts looking the a year or two. hopefully, it's a position, kind of entrenched positions on both sides, i think it's important that we make sure we have tax cuts for middle class americans from $250,000 or less. that that goes forward and the other tax cuts until we see signs that the economy is definitely healthier. we're seeing signs now. >> is it one year or two years, when you talk about temporarily extending it for everybody, what would be the years? >> we're looking at one to two years. we also believe it needs to be paid for. whenever you talk about the tax cuts, we need to pay for it. we do have paid fors identified in letter. a short extension, one to two years. >> bottom line, is it an election year move. nobody wants to be in a campaign ad from their opponent saying,

Kind , Company , Extension , Position , Job-growth , Positions , Job-cuts , Eight , Two , Tax-cuts , Middle-class-americans , Sides

Detailed text transcripts for TV channel - CNN - 20100916:11:40:00

he's accused the gop of holding the middle class hostage to get tax cuts extended for the wealthiest income learners as well. there is real resistance. not from the gop, it's coming from his own party. here's a look at the 31 house democrats who are breaking ranks, signing a letter demanding that the bush tax cuts be extended for everyone. michigan congressman gary peters is one of them. he joins us live from capitol hill. thanks for being with you congressman. >> great to be with you. >> i know it's a tough time. there's a lot of decision to be made. one of them has to do with the tax cut issue. why did you decide to sign on to this letter, to extent the tax credits for everyone at this point? >> i think it's important to clarify at that letter says it's a temporary extension for everybody. we all believe that the middle class tax cuts for people $150,000 or less should be skengded. and that should be done permanently, but given the still fragile state of the company,

Tax-cuts , Democrats , Class , Republican , Look , Hostage , Wealthiest-income-learners , Resistance , Letter , One , White-house , Everyone

Detailed text transcripts for TV channel - CNN - 20100916:12:03:00

democrats on one side, trying to provide relief for middle class americans. republicans on the other side trying to block this progress. and now, of course, the president's dealing as we pointed out with se democrats, moderate conservative democrats who are very concerned going into this election cycle, the midterm elections that they have to deal with potential tax hikes here. you heard representative jim marshal of georgia saying, quote, we should not be raising taxes in the middle of a recession. representative childers saying, quote, it is essential we keep things as they are in the short term. the white house seems to be downplaying this entire issue. white house spokesman robert gibbs saying that the democratic party is a very big party with a lot of differing views. much like you see among republicans. the bottom line, though, is that there appears to be no compromise on this issue from the white house. the president has been very clear that allowing an extension of tax cuts for the wealthier

President , Democrats , Middle-class-americans , Relief , Republican , Course , Side- , Side , Dealing , Progress , One , Quote

Detailed text transcripts for TV channel - FOXNEWS - 20100916:23:34:00

are telling us that they'd really like us to do, especially the people i represent in southeast virginia, they're saying look, it's not the right time to raise anybody's taxes. >> also, one final note on a procedural vote, senate democrats today rejected a measure that president obama has identified as one of his top priority items on his economic agenda, the permanent extension of the credits on taxes that businesses receive for research and development. jon? >> james rosen on capitol hill. thanks. more americans are living in poverty according to the u.s. census bureau, it reports the median household income last year was just under $50,000 and the poverty line was at just under $22,000 for a family of four. the report shows for every six folks living above that threshold, one was living below it and 43.6 million americans living in poverty. that's up from 39.8 million the year before. it is the largest number of people living in poverty since the government started keeping records 51 years ago.

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Detailed text transcripts for TV channel - FOXNEWS - 20100916:05:33:00

timetable. what is gonna happen ? >> it is hard to answer the hypothetical, because the democrats are in the majority. they got to decide whether they want to have this debate now. it could occur after the election. if they want to have the debate now about the appropriateness of raising taxes in the middle of a recession we are happy to have that debate. >> greta: it is not going to happen is that the message? >> i done know i think it will be up to the majority to decide whether we have this debate now or later. it needs to be had, because at the end of the year, taxes will go up for everyone, none of us think that's a good idea. >> greta: what about what leader boehner said in the house? he said i hate to try to quote him often top of my head, he said if he had to or something, if it came to that, he would vote for limiting the extension or the continue -- continuation of the current tax code to include everybody. >> i think it is important to

Election , Debate , Democrats , Majority , Timetable , Roughly-rh-greta , Message , Recession , Middle , Raising-taxes , Appropriateness , Taxes

Detailed text transcripts for TV channel - FOXNEWS - 20100916:22:04:00

pelosi to put that to a test on the house floor. >> the speaker allows an up or down vote i'm confident that the american people will not see increases in their taxes. >> reporter: minutes later speaker pelosi made clear she has no intention of being maneuvered by the minority, but that she does intend to rebrand the tax cuts. >> without getting into procedure and timing and process, what we are going to do is to say at the end of the day, the extension of the obama middle income tax cuts will take place. >> reporter: yet, it appears growing numbers of democratic lawmakers want to end the impasse by extending the tax cuts for some length of time for all brackets. two pelosi lieutenants, tenny hoyer and chris van holland both of maryland recently signaled at much and one brave freshman persuaded 30 democrats to sign a letter along those lines. >> the speaker said she doesn't necessarily agree with our position on this, but we're still having a conversation and still talking to folks who are coming to us now and saying, you know, we

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Detailed text transcripts for TV channel - FOXNEWS - 20100916:22:44:00

that meets after election day in which a lot of the losers already having lost, but still in office until january and perhaps i don't want to imply it's going to happen, but the dangling of an ambassadorship here or an appointment there, might join her in having only the cuts on the middle class. so, it's this congress, i don't think it's going to happen before election day, and i think it will likely, if there is a vote after election, i think it will be a full extension of the tax cuts to everybody, because as steve has said, it's hard to imagine raising these on the people who employ in the middle of a recession. >> let's play the crystal ball here, let's say they managed to put together something that extends all the of the tax cuts for two years, okay? the house passes it, the senate passes it, is president obama going to veto something like that because he only

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Detailed text transcripts for TV channel - FOXNEWS - 20100916:23:32:00

>> that's right, jon. until today, the prime strategy of both parties has been to try to cherry pick off members of the opposition and get them to defect. today, the republicans as the minority party had a new tactic, the rather disarmingly simple proposition, no tax hikes on anyone. >> the american people are not going to accept anything less than the vote that they deserve. the speaker should pledge to the american people and when she stands before these cameras later on today, she ought to pledge that they're being honest, up or down vote on stopping all of the coming tax hikes. >> what i believe the american people deserve are the tax cuts of the middle class and without getting into procedure and timing and process, what we're going to do is to say at the end of the day, the extension of the obama middle income tax cuts will take place.

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Detailed text transcripts for TV channel - FOXNEWS - 20100916:18:08:00

saying we don't think the rich should be taxed more either. >> with neither party having the votes they need to ram through their prefer approach on the extension of the bush-era tax cuts, the name of the game has been to find a few members of the opposition, cherry pick them off and persuade them to defect. as we take a look at a live picture of the house floor where a vote is underway. the republicans as the minority party have seized on a new tactic, namely, they are pressing, daring house speaker nancy pelosi to stage a straight up or down vote on whether to keep all tax rates as they are now for all tax brackets. this move comes after two top lieutenants to the house speaker, both democrats from maryland, steny hoyer and chris van hollen have signaled their amenability along those lines. but the house speaker is showing

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