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So there is a package to be shaped and i'm confident that folks of the goodwill in both parties can make that happen but what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford and, be according to economists, will have the least positive impact on our economy. >> you've said that the wealthiest must pay more. would closing loopholes instead of raising rates for them satisfy you? >> i think that there are loopholes that can be closed and we should look at how we can make the process of deductions, the filing process easier, simpler. but when it comes to t...

Substantial assurance the claims people and businesses have will be honored. >> so far, getting financial help from bp has been problematic. with many saying the filing process is slow. >> it will be an extremely long process. it will entail a tremendous a paperwork. >> i just went to a claims office and heard firsthand the story of many small businesses who are already losing hundreds of thousands of dollars every month h. and they can't get an answer out of bp. >> and there are plenty of small business owners lining up to file claims with the company. start with the seafood industry. fisherm...

Doubled. that will certainly simplify this filing process for people who currently yitemize their deducti deduction. the child tax credit is doubled. the refundable portion goes to $2,000. that allows more lower-income families to benefit. the income threshold is a raised and that will allow more families to take advantage of it. but while the bill does offer more benefits, it also eliminates or reduces some popular tax breaks, like these. personal exemptions, eliminated. so that $4,050 for yourself, yourself, each dependents, family with three kids, that could negate tax relief coming to them...