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>> i want to start on the economy. the president reacting to the latest jobs numbers in the rose garden on friday offered this assessment of where things stand. let's show that. >> but the key point i'm making right now is that the economy is moving in a positive direction. jobs are being created. they're just not being created as fast as they need to, given the big hole that we experience, and we'll have to continue to work with republicans and democrats to come up with ideas that can further accelerate that job growth. >> senator, what more should be done and would you support what the presi...

Economy to grow. >> richard, a real showdown. you have democrats saying let's spend lots more money and cut -- and raise taxes from bush's 35% top rate. then you have republicans saying let's keep taxes cut and don't spend more money, but they don't really come up with spending cuts themselves. you have both parties acting, in my opinion, irresponsibly. >> everyone is scared to belly-up to the bar and get explicit about what sort of entitlement cuts are, defense cuts, sdraegs discretionary. they are nervous about that. the deficit committee reporting december 1st i think is one of the most dev...

That's easier said than done. the emphasis was getting them passed, right? >> yes. but you're right, this -- the democrats at the time of the passage or signing of built is a 51-49 majority. we couldn't have done it without the democrats. there were four big compromises. the first was to slim down the size of the package from about a trillion 7 to a trillion 3. the second one was to slap an expiration date on them. the third was the democrats did not want a top rate of 33%, they said you have to have it higher than 33. it was freighted with symbolic value. >> neil: in other words there was a l...

Respectively. california and rhode island have the next highest rates. the big earners in rhode island will soon be getting a break. in january, the top rate will drop to just below 6%. and the hope is that it will attract more businesses and create more jobs. which really illustrate it is catch-22 that the states are facing. they have to raise taxes to fill those budget holes. you raise them too much and ricks having people and jobs move out of the state. >> thanks. terminal cancer patient beats the dire diagnosis and could live many more years. when would that be bad news? when the patient...

So which states tax the wealthy the most? oregon and hawaii have the highest rate. 11% on income above $250,000 and $200,000 respectively. california and rhode island have the next highest rates. but some good news for those big earners in rhode island. they'll soon be getting a break. in january, the top rate will drop to just below 6%. the state hopes that will attract more business and create more jobs. which really illustrates the catch-22 that the states are facing. they need to raise taxes to fill those budget gaps, but raise them too much, and you risk having people and jobs move out of...