| 00:00:04 |
HOST, -
IS LIVE FROM CAPITOL HILL. WE ARE BROADCASTING FROM THE CANNON ROTUNDA AND THE HOUSE SIDE OF THINGS. DURING THIS TO TALK ABOUT A LAME DUCK CONGRESS...
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| 00:00:37 |
GUEST, -
THERE. I DO NOT THINK IT WAS A MEETING TO HAVE PROMISES. IT WAS A MEETING TO DISCUSS ISSUES, INCLUDING THE FISCAL CLIFF, AND I'M SURE THE PRESIDENT SAID...
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| 00:01:10 |
HOST, -
GOAL TO ALLOW THE BUSH ERA TAX CUTS TO EXPIRE FOR THOSE MAKING ABOVE $250,000. WE ARE ALSO TALKING ABOUT ENTITLEMENT REFORM. DO YOU THINK A LAME DUCK...
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| 00:01:33 |
GUEST, -
THE TAX CUTS FOR THE MIDDLE CLASS FAMILIES, AND ELIMINATE THE BRAKES FOR THE UPPER-INCOME. THAT HAS BEEN THE PRESIDENT'S POSITION. IN 2010, OVER 90%...
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| 00:02:52 |
HOST, -
THE TABLE, THE EXPIRATION OF THE PAYROLL TAX HOLIDAY. SHOULD THAT BE EXTENDED? IS IT REALISTIC? GUEST: IT WOULD
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| 00:03:02 |
GUEST, -
DEPEND ON THE RESULTS OF THE REPORTS NEXT MONTH. IF THEY ARE LIKE THIS LAST MONTH AND IT SHOWS CONSIDERABLE JOB GROWTH, I THINK THE PAYROLL TAX PROVISION...
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| 00:04:21 |
HOST, -
DEMOCRATS BLIND AND HEAR FROM SHELLEY IN NEW YORK. -- AND HERE FROM SURELY IN NEW YORK. CALLER: MY QUESTION
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| 00:04:38 |
CALLER, -
IS, THEY WANT TO DEAL WITH THIS TAX, PEOPLE MAKING $1 MILLION OR MORE SHOULD PAY HIGHER TAX, BUT I'M WANTING TO ASK THE REPRESENTATIVES BEST. I'VE SEEN...
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| 00:05:46 |
HOST, -
YOUR COMMENTS. HELPING THE WORKING CLASS GET INTO THE MIDDLE CLASS, AND ECHOING YOUR COMMENTS, THE WEALTHY SHOULD PAY MORE GUEST: WHAT SHE SAID IS...
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| 00:06:08 |
HOST, -
COMMENT THAT HE WAS RECORDED SAYING.
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| 00:06:13 |
GUEST, -
GUEST: RIGHT. AS IF SOCIAL SECURITY AND MEDICARE WAS SOMETHING THAT WAS GIVEN TO PEOPLE. AN OPPORTUNITY WAS SOMETHING THAT WAS A GIFT. ESSENTIALLY, THAT...
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| 00:08:04 |
HOST, -
IN CENTERVILLE, VIRGINIA. WELL COMPARED WHICH WELLCOME. -- WELCOME. CALLER: THANK YOU
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| 00:08:21 |
CALLER, -
FOR YOUR SERVICE. YOU MENTIONED THE PEOPLE REELECTED THE PRESIDENT. I AM ONE OF THE 58 MILLION PEOPLE THAT VOTED FOR GOVERNOR ROMNEY MY QUESTION IS DO...
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| 00:09:10 |
GUEST, -
YOUR VOICE. WE ARE HEARING EVERYBODY'S VOICE. WE HAVE LOOKING AT THIS IN BALANCED WAY. IN ORDER TO HAVE BALANCE, YOU HAVE TO MAKE SURE THAT THE SCALES...
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| 00:11:23 |
HOST, -
LEVIN REPRESENTS THE TOP OF THE DISTRICT OF MICHIGAN. CAN DEMOCRATS NEGOTIATE SOCIAL SECURITY, MEDICARE, MEDICAID? WHAT CAN DEMOCRATS OFFERED TO CONTINUE...
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| 00:11:49 |
GUEST, -
TO DO WHAT WE NEED TO DO RELATED TO PHYSICIAN REIMBURSEMENT. HOST: BEFORE
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| 00:11:59 |
HOST, -
THE END OF THE YEAR? GUEST:
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| 00:12:02 |
GUEST, -
ABSOLUTELY. WE HAVE TO EXTEND THE MIDDLE CLASS TAX CUT. LET'S DO THAT NOW. WE HAVE TO STEP -- SET THE STAGE FOR TACKLING THE LONG TERM ISSUES. WE WILL...
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| 00:12:30 |
HOST, -
DOES THAT MEAN, TO LOOK AT THEM? GUEST: IT MEANS TO
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| 00:12:34 |
GUEST, -
SIT DOWN AND LOOK AT THE FACTS, TO SIT DOWN AND REALLY DECIDE WHAT NEEDS TO BE DONE. LOOK AT THE IMPACT ON PEOPLE. FOR EXAMPLE, RAISING THE RATE -- AGE...
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| 00:14:05 |
HOST, -
SANDER LEVIN COMES FROM ALEXANDRIA, VIRGINIA. INDEPENDENT. CALLER: I JUST WANT
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| 00:14:12 |
CALLER, -
TO SHARE WITH YOU AND CONGRESSMAN THAT I THINK WE ARE HAVING THE WRONG CONVERSATION ABOUT TAXES. WE KEEP TALKING ABOUT THE REDUCTION IN RATES, TAX RATES,...
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| 00:15:06 |
HOST, -
IT LOOK LIKE FOR YOU PERSONALLY? WHAT WOULD YOU BE WILLING TO PAY? CALLER:
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| 00:15:12 |
CALLER, -
THANK YOU. I WOULD BE WILLING TO PAY ANOTHER 10% OR 50% TO MAKE SURE WE HAVE THE INVESTMENTS WHICH WERE 15% TO MAKE SURE WE HAVE THE -- OR 15% TO MAKE...
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| 00:15:33 |
HOST, -
GUARANTEES ON HOW THE TAX MONEY WAS SPENT? PAYING DOWN THE DEBT, THE PARTICULAR PROJECT OR PROGRAM -- DO YOU WANT STRINGS ATTACHED? CALLER: I WOULD...
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| 00:15:49 |
CALLER, -
NO, EXCEPT THE FRAMEWORK THAT WE NEED TO IMPROVE IS THAT WE KNOW HEALTH-CARE COSTS, FOR INTEREST -- FOR INSTANCE, ARE OUT OF CONTROL. WE CAN DO BETTER....
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| 00:17:07 |
GUEST, -
OF ISSUES. HOST: HE SAID HE WOULD
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| 00:17:09 |
HOST, -
BE WILLING TO PAY MORE TAXES. GUEST: A THINK
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| 00:17:13 |
GUEST, -
A LOT OF PEOPLE IN THE UPPER INCOME TAX BRACKETS FEEL WE DO NOT NEED TO EXTEND TAX BREAKS FOR UPPER- INCOME. THERE ARE A LOT OF ISSUES HE RAISED BY THE...
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| 00:19:05 |
HOST, -
LOOPHOLES? GUEST: FOR EXAMPLE,
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| 00:19:08 |
GUEST, -
WHEN PEOPLE MOVE ASSETS OVERSEAS, THAT IS VERY MUCH A LOOPHOLE. THERE IS CARRIED INTEREST WHERE INVESTORS PAY CAPITAL GAINS TAX INSTEAD OF ORDINARY...
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| 00:19:45 |
HOST, -
DEMOCRAT IN MINNESOTA. GO AHEAD. CALLER:
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| 00:19:50 |
CALLER, -
HI. I TOTALLY AGREE WITH THE LAST CALLER AND WITH WHAT YOU JUST SAID ABOUT LOOPHOLES. WE CAN'T -- OUT AND TAX DEDUCTIONS BECAUSE WE ARE MIDDLE INCOME....
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| 00:20:55 |
HOST, -
THANK YOU. GUEST: I THINK GROWING
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| 00:20:58 |
GUEST, -
THE MIDDLE CLASS IS THE KEY. A LOT OF THESE PROGRAMS HAVE HELPED TO GROW THE MIDDLE CLASS. A THINK SOCIAL SECURITY HELPED GROW THE MIDDLE CLASS. SO...
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| 00:21:51 |
HOST, -
JIM, CALIFORNIA. REPUBLICAN LINE. CALLER: $250,000 IS
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| 00:22:00 |
CALLER, -
NOT RICH. THE PEOPLE ON TELEVISION BETTING FOR MONEY, YOU SHOULD TAX THEM. HOW MUCH DO YOU PAY? THE PRESIDENT AND DEMOCRATS SUCK UP TO THESE CELEBRITIES....
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| 00:22:34 |
HOST, -
HE CRITICIZED FUND-RAISERS. GUEST: I THINK THERE
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| 00:22:41 |
GUEST, -
IS TOO MUCH MONEY IN POLITICS, AND BY THE WAY, 80% OF THE $250,000 AND ABOVE THE INCOME IS INCOME OVER $1 MILLION. THAT IS WHERE THE BULK OF THE MONEY...
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| 00:24:38 |
HOST, -
SUE, PA. ON THE INDEPENDENT LINE. CALLER: I AGREE
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| 00:24:42 |
CALLER, -
WITH MANY OF THE THINGS I HAVE HEARD YOU SAY IN YOUR APPROACH IS TO TAXATION, BUT THE REAL REASON I'M CALLING IS WE ARE NOT DISCUSSING THE ELEPHANT...
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| 00:26:53 |
HOST, -
GO TO THE CONGRESSMAN. GUEST: THIS IS AN
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| 00:26:56 |
GUEST, -
IMPORTANT ISSUE THAT WAS FOUGHT OVER IN THE CAMPAIGN. WE NEED TO SUPPORT MANUFACTURING IN THIS COUNTRY. I COME FROM MICHIGAN. THAT WAS A BASIC ISSUE....
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| 00:28:35 |
HOST, -
LEVIN, REPRESENTED MICHIGAN'S 12 DISTRICT. COMING UP NEXT IN THE CANNON ROTUNDA, WE'LL BE JOINED BY CONGRESSMAN STEVEN LATOURETTE YESTERDAY, SENATE MAJORITY...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.