KQED Nightly Business Report December 1, 2012
Proposing to raise taxes by 1. 6 trillion, while cutting spending by 400 billion. On top of that, mr. Obama asked for 50 billion more for Infrastructure Spending and 140 billion to extend Unemployment Insurance benefits and the payroll tax cut. Republicans literally laughed it off. They want. They want to have this extra spending thats actually greater than the amount theyre willing to cut. I mean, its. Its. Was not a serious proposal. And so, right now, were almost nowhere. Reporter across the capitol, Republican Senate leader Mitch Mcconnell told the wall street journal his party would be wi...