Page 44 - Now John News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Deficits and they are getting bigger and bush tax cuts, all of them expire at the end of this year. that is one of the reasons why we're not seeing more jobs created. businesses don't know what the rules are going to be. energy policy is going to be, they don't know how much federal spending is going to be. i think what the congress should do is pass this microstimulus bill and then give some signal before the 2010 election as to what is it going to happen with the bush tax cuts. if they all expire, we're going to see a spike in taxes next year and a consequence, refusal to hire people. >> gre...

First four of these, though, deal with tax breaks and tax credits. now john, isn't that what normal and is it fair to say that democrats are reaching out, trying to find some common ground? >> i think it's fair to say that scott brown has had an impact on the senate because this looks like the kind of bipartisan plan that can pass fairly easily. it's almost exactly a year since the stimulus bill. we were told that it was going to keep unemployment below 8% so stimulus 2.0, that is what this bill is. i would design it differently but it's going to get the support from both parties. >> senate re...

Battling over the effects of the president's stimulus plan from last year? >> yes, $787 billion bill passed about a year a ago and congressman says where are the jobs and points to unemployment. it went down to 9.7% last month. white house says the stimulus created 600,000 jobs last year and he chides political lawmakers for showing up to ribbon-cutting projects. >> gregg: senate democrats looking to craft their first jobs bill but without a bill philly buster proof majority, they need some help. wall street columnist, john joins us. and we'll put up on the screen, this what they are touting a...

Latest updates on this topic from reliable sources.