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Taxpayers are asking when will -- spending stop joining us now represented Joseph Wilson Republican from South Carolina.
Also joining us -- judge and -- appalled I was back Bob writes.
Managing partner -- capital Eric -- Democratic strategist and image and Lloyd Webber political commentator.
Represented thanks for joining us you know we have a 158 days 158 or nine days or so -- -- End of year when the bush tax credits expired tax cut -- expire.
A massive increase in taxes sir give us your two cents how in the world can any kind -- -- that's recovering afford this.
Well actually can't by increasing taxes three point eight trillion dollars.
This will cause obviously a loss of jobs and and we need to be working together Republican and Democrat.
To extend the tax cuts to grow the economy create jobs to stimulate the growth of the private sector and small businesses.
Represented LA earlier -- -- named a couple of Democrats who were moving over to did -- tour.
They agree with the tax cuts extension of the tax cuts talking about senator Evan Bayh senators Conrad.
And as senator Nelson also the blue dog Democrats.
In in the house are you hearing any other Democrats maybe they're up against a tough race are they looking at possibly jumping ship as well.
I believe they -- and I those were impressive the list that you mentioned.
This is a cross section of the Democratic Party believe that the American people are expressing.
Legitimate and sincere concern.
That the tax increases.
And they stagnant economy.
Will cost more jobs that the tax increases are going to be on small businesses small businesses will not be able to -- Employees and we know in the district that I represented.
On the vast majority of jobs that are created.
Are created in small business hang in there represented today and -- bring Caridad -- and you're she's democratic strategist -- what about it.
He makes -- very good point good economies try to recover small businesses create jobs can they create.
Odds with higher tax.
We'll certainly higher taxes are not ideal but let me clarify one thing with the Obama administration is talking about -- not general green in the Democratic Party.
Is to repeal the bush tax cuts only for those individuals making 250000.
Not for individuals below that threshold family and in the families in right.
You -- -- you -- -- only gonna affect people over 250 grand you're not in the long run of course because everything trickles down all the costs get passed through what what is historically true you know -- I'm not really an ideological guy on on the numbers -- history -- And when you look at the history of the thing what you see is we can afford to extend these tax cuts and still have -- historically normal level of taxation.
Which historically not normal its level spending.
Well -- to a judge.
Historically low on -- look at some of these increases -- -- Personal income 39 point 6% from 35 how -- this one.
Dividend tax rate judge up to 39 point six back.
-- straight from a 15% of the administration is rewarding its friends and punishing people that -- and friendly but that's crazy because the people who will be paying more taxes.
Are the ones who invest the money.
They get into the banks that is loaned out the produces jobs that build houses so that's going to be less of that.
Is for every dollar that would have gone.
To build another house or make another loan or or create another job it's gonna go into the government coffers where it will be wasted -- always had to hang in there I have the advantage and these -- tax rates in low in comparison to England right.
Springsteen -- -- -- in Europe is that if -- -- deficit to date with a definite puzzled by cops savage of sexual harassment just got here competing found.
But I will say raising taxes.
-- we're -- here is that we think these tax cuts that sometimes the -- sports don't swell the deficit have to be dealt with.
Well represented what about it we're hearing about the tax cuts going away but is it because -- anti science spending.
Being cut back and that's what what are your big issues.
-- and that's the concern that I have been since the Democrats came to power in 2007.
Spending is increased by 28%.
That's the level of increase in discretionary spending.
It's out of control that is not at all relative to cost of living to the increase in population.
It's astronomical increase which is resulting.
And the deficit that they White House acknowledged on Friday.
This year only one point 47 trillion dollar.
And that's supposed to be good news Teradata one point 47 trillion added to that thirteen.
Point five trillion debt we're already incurred we've already incurred.
How can keep -- its -- -- -- and -- you're shaking your head when the represented says we should be cutting spending.
But here's why I'm shaking my head -- tired because representative as saying that at that Republicans didn't below through Bill Clinton's surplus that he left at the end of an administration so it's a pretend that only Democrats have over -- Is I think disingenuous right.
I think -- you're -- yeah it could be increased that this speed it was the deficit the debt is increasing has definitely stepped up and let's -- now it has stepped up the -- not all the Democrats fault.
Mean that -- that is disingenuous we have to be realistic much more realistic and grow up as a society realize we simply all of this cannot accept this level of entitlement.
You know is looking into a really frightening statistic -- -- -- -- it's we're gonna bring that back the next I don't wanna get the -- -- we have to say divided congress I agree fully with the congressman he belongs to a branch of the Republican Party that believes in balancing budgets not.
All Republicans do that and they spent like drunken sailors -- deference to sailors when they went.
Just -- short we have to thank the congress right now we're gonna lose the satellite out in the panel will be back.
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