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Rate Coalition co-chair James Pinkerton argues that in a slow economy you don't want to raise taxes.
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He is all -- me.
Extending the tax cuts for non millionaires and former House Speaker Nancy Pelosi calling on the house GOP leadership.
To vote on making the bush tax cuts permanent.
For those making less than one million dollars every year.
Jim Pinkerton is the co chair of the rate coalition and a Fox News contributor he is going to tell us if this is a good idea or not -- -- net.
Well I think that the Democrats are.
Come to the realization that any tax increase on anybody is harmful so they're pushing back from 252 million -- I think I expect in the end though yield on the 1000002 it is just it has slow economy is don't wanna be raising taxes.
The only thing is and we were actually discussing this in the break -- bush tax cuts and it's across the board tax cuts its capital gains it is dividends.
Are set to go out to expire at the end of this year so we're giving congress essentially a window between the presidential election.
In the end of the year to get something done on this and why I -- I think everybody in the country shouldn't be as nervous as I -- Nevada.
Well that didn't have them phrases used to describe this include fiscal cliff and then taxed again and I -- it now it says it's going to be a wild time hopefully.
In the need to do something about the economy and -- did get jobs going and the come up some creative fruitful compromise what's a creative fruitful -- well for me for example one idea they could do that I think would be an immediate boost to the economy would be lowering the corporate income -- -- of the the group that -- -- part of the rate coalition is making the point that if the US corporate tax traders 35%.
Lesson is that.
Highest in the world.
When the average of our competitors -- 25.
And when you see for example news that the Eaton corporation in Cleveland -- The auto parts company founded in 1911.
Is now moving to Ireland has taken with that hundreds of jobs and thousands of jobs.
Is something that would be easy it did you with is that is that it is easy to do it it it if he didn't do now.
But did the Democrats and Republicans don't want again of the other side something that they can -- That there's some truth in that didn't -- -- Democrats and Republicans in both wanna see it happen before -- election you know Rob Portman of Ohio.
A senator Bill Nelson of of Florida's a bipartisan group right there there they are -- -- those politicians those leaders who are true leaders who are looking ahead.
To actually did the fate of the economy as opposed to partisan advantage.
Are seeing this is as a as a possibility it's it's politics is the art of the possible and this is one solution that is possible.
That could happen before the into the year.
-- yes or no question due to any of the tax brackets the rates go up at the end of the year.
Any of them did -- they allow you want to run.
Yet do you think bailout I don't know I think I think they'll hold the line I think -- -- have attention all right maybe -- -- them happy holiday weekends are down to thank you so much Jim Pinkerton of the right coalition.
