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President Obama today delaying his request to raise the debt ceiling by -- more than a trillion dollars.
The White House said the delay was a technical maneuver designed to give congress time to vote on the issue.
Right now lawmakers are on their holiday break joining me now -- do -- -- from Americans for tax for.
Which is pushing members of congress on a series of tax and spend issues.
Coming up earlier -- -- the show great to have -- here.
Now here's my question for you though we're talking about a one point two billion or two sorry trillion dollar increase right.
This credit be enough that's not gonna take its -- that the election right.
Right so this is the deal that was agreed to back in August -- that would give you -- -- not a barn authority that will take us past the election.
Congressional Democrats and Republicans and the president won't have to have this try to get ahead of the election hot rallies not to work -- Exactly because all the spending we're doing because of the interest -- that we have right now it's likely we're not going to make it -- Electoral College be hitting the debt ceiling again sometime in August September.
-- -- October so what this dies it -- dot.
Democrats air public and in the president to be a politically vulnerable position again to be having this debate.
-- that's gonna be a nightmare right in the middle of a presidential election.
In the -- is one of the most weighty issues that they could possibly discuss the thing that nobody can come to terms with their own spending.
How about play out vis a -- the politics.
Blood -- I think what we've sought after the August debt limit deal on all that maneuvering both Republicans and Democrats walked away thinking that was a political loser for not -- -- came out of that debate with their hands clean so what.
The president and congress had hoped to do was avoid the debate had the election if that's not going to happen while Republicans need to do is continue to show taxpayers that.
They're on their side they're ready continue to cut spending they're gonna continue to reduce the size of government and he's Delano debates along with the spending debate -- -- having -- and perhaps here.
How does -- that Republicans are committed to that ideal.
You know they say they are but sometimes they spend -- -- -- I wanna ask you about -- the other spending issues out there that we spent a lot of time talking about just in the last few weeks -- payroll tax cut now.
We're really back at it you know on a couple months here at ground zero on this issue what's gonna happen there.
Right so payroll tax cut -- kind of become mired 'cause of Christmas past present and future now since we're going to be having this debate we thought it was going to be done this month it's going to be happening and two months and probably at the end of the year as while because what we've seen from both sides of the aisle in congress is back.
They're unwilling takes and it really be on a year because for having so many are temporary tax fight.
With the expiration of the bush tax cuts -- business that senators coming down the pipe -- tax cut what Republicans need to do is remind taxpayers that this is their idea to Begin -- and we saw on that battle that they really ceding ground to the president.
Who could just took hold took ownership this idea saying that we need to be allowing employers and employees.
To keep this rebate and -- to keep their on tax money now Americans for Tax Reform.
Has been in -- -- -- the payroll tax cut odd because we don't want to see Americans have their tax they'll raise a thousand dollars.
Over the next year.
But again this is a good example of what we've seen from this I'm administration and from the Democrat congress is temporary fix -- right Castel at -- And I -- IEA you you can accuse both sides of doing and I think it's fair enough to say -- There's gonna concern about -- tax reform would really get that that's ever gonna happen given all the things we have lined up.
The bush tax cuts what's gonna happen there and -- we never ever get broader tax reform.
Why it'll be interesting to see it's good that we have presidential candidates for at least talking about broader tax reform this is the first time that we've seen.
I can't net and lawmakers on the national -- talking about the need.
For an overhaul of our very -- -- -- very punitive tax cut -- however you know this is why we're in the position we're in right now the bush tax cuts were -- I'm only with a -- -- national because you can't get permanent tax reform done in divided congress -- just doesn't happen however with the expiration of the bush tax cuts which are now the Obama tax cuts by the way he sentimental locked in December with a Democrat congress yet ownership of these rates as while.
I added these are coming you know attack had -- and 2013 and we're going to have to see this debate play out so hopefully.
The fact that we're going to be having this debate I was so close together with the presidential election with a dot limit debate going -- going.
Will see some I had traction gaining and corporate tax -- -- on individual rates coming down permanently.
But this is probably the best atmosphere what have for that we'll see if the environment.
Allows lawmakers Hitler Morris opted -- about in the past well -- That is your -- guys who can't agree on where to get -- shall I -- I'm -- you're hopeful.
-- a dubious frankly but thanks for coming on absolute pleasure having you on the show appreciate think -- -- happy new year happy new year to you -- well.
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