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Up or whether or not you think that they are the ones who support the rest of the country and they need to keep their own profits so they can hire people and grow their businesses. >> like it or not, they are going to have a tax increase, january 1st, can you see it, $500 billion. essentially, what happens if those bush tax cuts run out, you know's what, the president right now wants taxes to go up for those individuals making more than 200,000 or couples making more than 250,000. now, you have to figure that those people, come january 1st, make lifestyle changes. there is going to be a major ...

Position himself as somebody who is most interested in tax cuts and he made republicans sound like the party that was interested in blocking tax cuts. and this was for 160 million americans on the payroll side. republicans want to reduce bunch of other taxes and they will argue we're in favor of tax reform, the president isn't. we're in favor of reining in spending and they're not serious about it. but on the matter of politics president made them look like they blocked the tax cuts going in the election year. not helpful. we are likely to see something come out of the conference committee and...

Congressman david swik kert is a republican from arizona and serves on the financial services committee. i'm delighted to say he's joining us now. good afternoon, sir. >> thank you. there's often i find not a lot of joy breaking out here in washington. >> let's see if we can have some. do you support speaker boehner and majority leader eric cantor in agreeing to this payroll tax cut extension? >> on the payroll side, absolutely. what we're digging for in our office is what's attached to it. as i've learned in my short time here in washington, the devil's always in the details. now we're trying...

I think there might it be some republicans is who say no too. >> ed, is that what the governor is trying to do, to end collective bargaining for public employees? >> certainly not on the payroll side. the side never discussed is over the last ten years, taxpayers in wisconsin have put over $20 billion, $20 billion, into the pensions and into the health care. employees themselves have paid less than $500 million. it's a gigantic gap between what they pay in and get out. obviously, over the last decades, wisconsin has been a heavily democrat state and they were very generous to the unions. it's ...

Bill: stuart varney, fox business network, deeper into the numbers, they've been out 30 minutes, you find out what? >> 36,000 jobs in january is an extremely weak number, on partially explained by the bad weather that everybody experienced in the month of january. it is only a partial explanation. clearly, job creation in -- job creation in the month of january in america was extremely weak. how do you organize it, however? how do you explain the fact that with such weak job creation, you still get that big drop in the unemployment rate from 9.4 down to 9 percent even in if you look deep into ...