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Senator Johnny Isaacson Republican from Georgia joins us now with his reaction president's announcement.
Sir I -- you for being with us.
Right by the way this thing -- and -- dead on arrival when it gets to congress.
Well what the president has done is had made an uncertain future for taxpayers even more uncertain -- only extending tax rates for some people for a year and raising them for others.
This only -- -- the problem American business is having its not a solution to anything.
We've heard though that 250004.
Family apparently is wealthy and I I actually.
-- -- congressional leaders from high tax states.
Like new York New Jersey California to stand up and say.
That's just ridiculously unfair to -- thousand dollars you can't -- kids' college.
Listen I ran an escort -- my promise of life for 22 years.
Our income pass through resort -- -- come to the shareholders you're raising taxes on most Americans for 940000.
53% of all the pass through income taxes are going up for small businesses.
This is an attack on small business and it's a continuation.
Of the uncertainty in our economy.
And that's interesting because you're right the majority of US businesses are pass through entities partnerships -- -- -- And yet the president seems to think that he's helping small businesses by.
Doing this middle class tax cut and allowing the up text on the so called rich to go up.
Basically saying smiled position earned more than 200000 dollars.
Well the president's against an order he just doesn't know what the words -- -- -- that worked in the private sector he needs to understand what it is to risk capital needs to understand what it is to.
Reinvest retain earnings to keep your business going.
He is actually -- striking against our economy rather than trying to help -- Senator he also said that he would extend for a year we didn't hear about the litany of other things that are part of this bush tax cut whether or not the marriage penalty comes back.
Child tax credits dependent tax -- in lots of things that families hinge.
On come tax time we don't know what's gonna happen with all that but this notion of one year extension isn't just China I am -- election and then.
Who knows what happens.
Well it's a political speech invested this is the president -- rejected Simpson Bowles even bring it to the -- to talk about.
Comprehensive reform this is just a piecemeal proposal at a political time in a presidential race this close.
Senator finally we constantly.
Don't talk enough about the notion that 40% of Americans do not even pay federal income tax.
And yet that never seems to come up so we're trying to get more and more people.
I guess often allow the rich just to carry all of us.
Well the more you put the burden of taxes on pure Americans the worse our country's going to be.
We should all share in the prosperity but we should share in the burden as well.
Senator Johnny Isaacson thanks so much for taking a -- of US right actually president's now.