Page 5 - Sequester Kicks News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Wants all the tax cuts expire and republicans are raising taxes for everybody. >> look, this really ought to be about the economy. we have a fiscal cliff coming at the end of the year. if everybody taxes go up and the sequester kicks in you are going to have a major recession. so we ought to quit playing games with this and settle the country down and step one would be say let's extend the current tax rates for one more year. during that year do whatever on bipartisan basis is says what they want to do and tax reform. it would take about year. secondly we need to sit down if we want to turn of...

Job creation. specifically we include in here a tax reform proposal provided to us by all of the members of the ways and means committee. we propose to collapse the six different tax pwabgts into two rates a10% bracket and a 25% bracket for individuals and a 25% bracket for corporations which is at the international average and going tow a territorial system. all those kind of details you can get on the website that shows the letter that we've been given by the ways and means committee. finally i would say something about what is coming this next year. the sequester is coming. a lot of people ...

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Look, i think the policy debate over whether a deal with get done between now and march 1st to avert the sequester is over. congress is away for the president's day week. when they come back, there's wide disagreement on how to do this. should tax increases, tax reform be included? the way washington works, they're not going to get something like this done before march 1st. mitch mcconnell, john boehner know that, and president obama knows that. what you are seeing now is the positioning for the fight after the sequester kicks in. there will be some initial pain felt, particularly by federal w...

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