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This is why people hate Washington the senate holds two votes on the bush tax cuts today the Democrats want to raise taxes on people making more than a quarter million a year.
Republicans want to extend the bush era tax cuts for everybody.
No -- -- up plan will pass both sides know it this is all for show.
These votes mean that there will be no action on the approaching fiscal cliff before the election.
Grover Norquist from Americans for Tax Reform joins us from Salt Lake City -- but this would seem to me to mean.
That the Republicans are holding on to that tax pledge no new taxes right.
Absolutely in the house of course the Republicans are saying extend all the lower tax rates.
-- in the senate the Republicans are saying the same thing it's the Democrats.
Who for the last four years have refused to extend.
Those tax rates and so.
That's why we're gonna have an election in November and that's generally what do you wanna go there's a showdown coming -- I mean that that -- -- -- crunch coming on is probably January the first with this fiscal cliff.
Which is moving closer to -- that's that is -- Yes but we will know on November 6 Election Day what's going to happen.
If the Republicans maintain the house as is likely if they take control of the senate narrowly as is likely.
The question is about the president say that all the bush tax cuts will be extended one year.
They'll be revenue neutral tax reform -- the top rate corporate individual 25%.
That's the future of the Republicans went.
If the Democrats win either Obama as president or a democratic senate.
That all of the tax cuts lapse the AMT patch disappears and 31 million -- get hit by the alternative minimum.
Tax the marriage penalty tax comes -- that per child tax credit the higher rates that Obama wants -- -- Kick in and that's automatic.
When Obama says while they wanna raise the rates for the richest people.
There were two years all of 2009.
All of 2010.
Where Obama Reid and Pelosi had complete control of the house senate and presidency if they had wanted to extend.
Lower taxes for any American of any income they could've done it then permanently.
They didn't they have telegraphed they want to take all that tax revenue that's the future with either an Obama presidency.
Or a democratic senate.
Right united out clearly now what are -- -- address the subject of an Internet tax.
A Republican has proposed.
Tax on Internet purchases the guy across the -- Now that would be a consumption tax I know that you oppose all new taxes any higher taxes on income golf blacks.
What about a consumption tax and what you stand on that.
Well with any new tax gross.
The Japanese put the value added tax and I think throughout 5% now just talking to people over there they think it's going to 10%.
So when you have a new tax it grows as well as the old income tax and property taxes.
Taxing the Internet.
And and allowing people to tax business transactions.
In other states is very dangerous because there's no end to the harassment the Alabama.
Will do to Amazon.
Or -- -- being in other states.
There's only so much abuse they'll do to businesses and -- -- state so why was -- the Republican who proposed a new consumption nationwide tax.
There are handful of retailers who instead of pushing for lower sales taxes in their -- state.
Are trying to get the federal government to come in a knee cap some of their Internet.
Competitors I think this is a big mistake I served on the Internet.
Commission where the government -- looked at this and we decided it was not a good idea to change the rules on access and again.
What -- got the advocates of bigger government -- -- not interest didn't taxing catalog sales -- Internet sales there's not much money there.
The advocates of this tax increase say it's 23 billion dollars in the whole country.
The real money is taxing corporate income across state lines so they're trying to just destroyed.
The requirement of nexus physical presence by a company in -- state.
In order to allow.
Alabama to tax businesses in Washington State.
-- New York.
Very dangerous it has nothing to do with the Internet that's just step one.
Going after corporate income taxes not Greg and -- no question we always appreciate your spelling things out very clearly when you do it again today thank you separation.
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