Stimulus Provisions News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Taxes are going to go up january 1 if the u.s. congress does not deal with the fiscal cliff. >> gretchen: so this is a result of the fact that the bush so -- so-called bush tax cut also expire is this. >> yeah. >> gretchen: there has been no action on that thus far? >> it's part of that and also the payroll tax cuts and also all sorts of stimulus provisions such as child tax credits, education credits for college, the earned income tax credits will go away for the poor. the cbo is out there saying if the congress doesn't do anything about this, it could throw the u.s. economy into a double dip...

Good in you let the payroll tax cut expire. what romney is attempting to do is let some of the stimulus provisions that help out people. he's fairly consistent here. it's more generally republicans who when they talk about what they want to do on taxes. what they really want to do, the way they see the economy is they want to lower taxes on richer folks. the folks they think of as job creators under the theory that will unlock some dramatic amount of economic who ten initial the economy. it's important to say there's no economic evidence in that happens and more to the point, we ran a very lar...

But does bill clinton have a point here as far as public opinion? >> well, you know, i'm thinking that the president's probably stopping and thinking every once in a while, i wish some of my other cabinet secretaries, you know, i never hear about any of their spouses causing trouble for me. you know, interesting thing i find about this is the actual stimulus elements of the obama administration's plan are less popular than the anti-debt elements of the plan. the anti-debt elementses wi, th increases, have at least pleased some people. it's pleased the left and helped consolidate them. it doesn...