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So there are some actual things we do like about it. >> the deal seems 30 million people from having to pay the a terptive minimum tax indexing it to inflation. it raises the debt tax but has $5 million for individual estate and $10 million family estates like farms. but the payroll tax will go to 6.2%. inyees to cost the worker making $100,000 a year about $2,000 more. on the spending side, the deal extends the long-term unemployment benefit for another year. democrats incyst op it. >> it's critical. we want to talk about the real cliff. it's for the people who are about to lose the unemploym...

Decades have been burned whenever they've gone and raised taxes and they've been promised spending cuts and they never materialize. so, this is a very, very sore spot for republicans. they don't want to have to vote for a tax increase and then not get anything in return on the spending side, and we have not seen any real kind of offer from the president on spending. and i think that that's where the rubber's really going to hit the road in a couple months. >> jonathan collegeo and. right now secretary of state hillary clinton is said to be in good spirits, resting comfortably in a new york h...

Disgusting, for ten years all they said was that president bush only provided tax cuts that benefitted the rich. that was a talking point for years. all of a sudden, it's like, oak, well, he we didn't mean that. >> a lot of that was true. >> and in the long run-- >> it's a tired old song, bob. but george bush, the balance of the money went to the rich people. >> these are the people who paid the taxes and made the money to pay the taxes and the argument is that the economy got better because of the tax cuts and that's what the democrats have conceded. >> and the average income of a family of f...

They said was that president bush only provided tax cuts that benefitted the rich. that was a talking point for years. all of a sudden, it's like, oak, well, he we didn't mean that. >> a lot of that was true. >> and in the long run-- >> it's a tired old song, bob. but george bush, the balance of the money went to the rich people. >> these are the people who paid the taxes and made the money to pay the taxes and the argument is that the economy got better because of the tax cuts and that's what the democrats have conceded. >> and the average income of a family of four did not go up at all durin...

>> we need to have transparency in what's going on up here so the american people can make a judgment for their selves, rather than take a press hit or, you know, a six-word sentence and let that be a defining moment. let's let them just observe us. >> michael steele. >> senator, it's good to see you, and a happy new year to you. >> hi, michael. >> despite the noise that we have to deal with out here. you've been one of the more sobering conservative voices, whether it's been on simpson/bowles or what you just laid out on the spending side, which i still think is a huge part of this equation, ...