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So everybody gets $25,000 of deductions in credits. and you can decide which ones to use. your home mortgage interest deduction, charity, child tax credit, and so forth. you can use those in terms of filling in that bucket of deductions. but your rate comes down and the burden also comes down on you for one more reason. and that is, every middle income taxpayer no longer will pay any tax on interest, dividends, or capital gains. no tax on your savings. that makes life a lot easier. if you're getting interest from a bank, if you're getting a statement from a mutual fund, or any other kind of in...

jury's hand. what they tell us about the deliberations. we begin this evening with what you might call the facebook hangover. after the hype and buildup after the initial offering of stock, trading started late, price didn't sky rock and facebook closed essentially flat, just $0.23 higher than the opening. at least facebook was up. dow industrials, nasdaq, s&p 500 closed out their worst week of the year. discuss with business correspondent ali velshi. let's start with facebook. what happened? >> generally you set a price for a stock, $38 in this case that is posed to create enough ...

Last year's agrowment. about 160 million americans will see taxes go up without that tax cut. earlier this week the senate defeated two manns, a record earning about $50,000 a $1,500 tax cut. two income family making $200,000, well, they would see $6,000 under the democratic plan. as for the republican plan a thousand dollars for that worker who earns $50,000 a year and $4,000 for the two income families. strong words for one of america's closest allies. defense secretary leon panetta telling israel to get "to the damn table" on middle east peace talks. molly henneberg with more on this. pre...

have a significant effect for our economy and for middle class families all across america. what these independent experts have also said is that if we don't act, the opposite will be true. there will be fewer jobs, weaker growth. so as we look towards next week, any senator out there who is thinking about voting against this jobs bill when it comes up for a vote needs to sdmran exactly why they would oppose something that we know would improve our economic situation at surnl such an urgent time for our families and for our businesses. now, congressional republicans say one of the mo...

and talk about who came out on top. and rick perry called it a ponzi scheme before. a big lie being told to the american people. so we ask you, the voters if you avee. your answer's ahead. and i'm carol costello. president obama steps up for his jobs bill but are republicans willing to compromise and are you willing to give up popular tax deductions to help pay for the plan on this "american morning." good morning, everyone. it is tuesday, september 13th. welcome to "american morning." >> more from ali on last night's debate just ahead, but first, two big breaking stories. it's...