| 00:00:06 |
Unidentified Speaker
A CHILD AND THE EITC. SENATOR HARKIN WILL TALK ABOUT THESE TWO IMPORTANT PROVISIONS. I WANT TO EMPHASIZE, ONE OF THE THINGS MIDDLE CLASS PEOPLE MOST...
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| 00:01:22 |
Unidentified Speaker
FIRST OF ALL, SENATOR SCHUMER, THANK YOU FOR YOUR LEADERSHIP ON THIS ISSUE AND MANY OTHERS THAT GO TO THE HEART OF PROTECTING THE MIDDLE CLASS IN AMERICA....
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| 00:05:49 |
Unidentified Speaker
FOOTBALL. FOOTBALL. NOT -- FOOTBALL. FOOTBALL. IT'S LIKE, YOU KNOW, AGAIN, HE'S PUTTING IT DOWN THERE WE'RE ALREADY TO KICK OFF, AND AGAIN, BOEHNER'S...
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| 00:06:07 |
Unidentified Speaker
TAX FIT IN THE DEBATE? >> WE HAVE TO GET IT
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| 00:06:10 |
Unidentified Speaker
DONE. IT WAS IN THE PROPOSAL WE SENT TO THE HOUSE THAT THEY HAVE NOT ACTED ON. BUT IT'S SOMETHING THAT WE HAVE TO GET DONE. AND IF THEY WOULD PASS...
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| 00:06:22 |
Unidentified Speaker
PLAN DO? THE ALTERNATIVE MINIMUM TAX? >> I HAVE A LIST OF WHAT IT
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| 00:06:27 |
Unidentified Speaker
DOES HERE. LET'S ME CHECK. I IMAGINE THEY PUT IT IN. YES, THEY PUT IT IN. >> [ INAUDIBLE ]. >> THEY PUT IT IN THE SAME
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| 00:06:36 |
Unidentified Speaker
WAY WE DID. >> GIVEN --
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| 00:06:44 |
Unidentified Speaker
GIVEN WHAT PLAN B IS, SORT OF LIKE THE FALLBACK POSITION YOU'VE GOT TO BE ROOTING FOR IT TO PASS THE HOUSE. IF IT FAILS AND HOUSE REPUBLICANS DEFEAT...
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| 00:06:57 |
Unidentified Speaker
A GRAND BARGAIN BY THE END OF THE YEAR. I DON'T THINK THIS PLAN HAS MUCH TO DO WITH IT, AS I SAID IN MY REMARKS, IF IT WINS, IT DOESN'T REALLY HELP...
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| 00:07:28 |
Unidentified Speaker
ON ARRIVAL IN THE SENATE. >> YES. >>
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| 00:07:31 |
Unidentified Speaker
DOES THAT MEAN THE SENATE WOULD NOT ACT ON IT? >> WE'LL -- >> DOES THAT
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| 00:07:36 |
Unidentified Speaker
MEAN AMEND IT AND SENT IT BACK? >> WE'LL WAIT AND
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| 00:07:39 |
Unidentified Speaker
SEE IF THEY PASS IT. THERE'S NO WAY THIS PLAN PASSES IN THE SENATE, NO WAY. >> ONE FOR YOU. >> ONE OF THE GIVES THAT
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| 00:07:49 |
Unidentified Speaker
OBAMA APPARENTLY PUT ON THE TABLE IN THE GRAND BARGAIN TALKS, DO YOU THINK YOU AND OTHER DEMOCRATS CAN SUPPORT A DEAL THAT DOES IMPLEMENT CTI? >> TAKE...
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| 00:08:01 |
Unidentified Speaker
HOW IT'S FACTIONED. A CHANGED CPI THAT IS ATTACHED TO SOCIAL SECURITY, FOR EXAMPLE, THAT DOES NOT PROTECT LOWER INCOME, THOSE THAT ARE JUST BARELY...
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| 00:08:50 |
Unidentified Speaker
AGREE WITH EVERYTHING THE PRESIDENT DID. THIS IS ONE AREA I THINK WE'LL HAVE TO DO SOME EXAMINATION OF CHANGE CPI. AGAIN, AS YOU KNOW, THEY KIND OF...
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| 00:09:13 |
Unidentified Speaker
TAX THRESHOLD AT 1 MILLION VERSUS 250 OR DID YOU CHANGE YOUR POSITION ON THAT? >> WELL, LET ME SAY,
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| 00:09:18 |
Unidentified Speaker
FIRST, THE BILL THEY'RE SENDING US ISN'T THE SAME AS THE BILL WE SENT THEM. FOR INSTANCE, IT'S MOVING THE ESTATE TAX UP TO 5 MILLION FLOOR AND A 35% THRESHOLD....
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| 00:10:07 |
Unidentified Speaker
TODAY NOTED THAT THERE'S NOT BEEN A DIRECT [ INAUDIBLE ] FOR SIX YEARS. YOU SIT ON THE JUDICIARY COMMITTEE WHICH WOULD CONFIRM THAT POSITION. WHAT...
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| 00:10:24 |
Unidentified Speaker
MANY APPOINTMENTS. BECAUSE YOU NEED 60 VOTES, MANY APPOINTMENTS HAVE BEEN BLOCKED. THAT'S SOMETHING THAT I HOPE ONE WAY OR ANOTHER, WHEN WE LOOK AT RULES...
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| 00:10:48 |
Unidentified Speaker
OF WHO HAS BEEN ATTEMPTED TO BE VETTED. YOU'D HAVE TO ASK CHAIRMAN LEAHY, DISCUSSIONS BETWEEN HE AND THE RANGING MEMBER. YES? >> IN THE INTEREST
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| 00:10:58 |
Unidentified Speaker
OF NARROWING DIFFERENCES REMAINING ON THE GRAND BARGAIN, HOW MUCH GIVE IS IT THERE IN THE 400,000? >> I'M NOT GOING TO
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| 00:11:05 |
Unidentified Speaker
NEGOTIATE HERE. BOTTOM LINE IS THAT FOR US THE PLAN B PLAN IS A NONSTARTER. THAT'S FOR THE PRESIDENT AND SENATE DEMOCRATS. YES? TAKE ONE MORE. >>...
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| 00:11:19 |
Unidentified Speaker
FOR HOW THIS GETS DONE I UNDERSTAND THERE WILL BE NORTHS SENATOR GOING TO HAWAII FOR SENATOREN KNOWWAY'S FUNERAL. HOW'S THE TIME LINE FOR GETTING ...
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| 00:11:32 |
Unidentified Speaker
I MENTIONED THEY'RE NOT THAT FAR APART. IF THEY WERE TO COME TO AN AGREEMENT FRIDAY, GOD WILLING, THEY COULD WRITE THE STUFF OVER THE CHRISTMAS BREAK...
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| 00:11:50 |
Unidentified Speaker
UNDERSTAND. THE HOUSE DEMOCRATIC LEADERSHIP IS WHIPPING VERY HARD TO GET EVERYONE TO VOTE AGAINST PLAN B. THEY SEEM TO THINK THAT FAILURE OF PLAN B IS...
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| 00:12:08 |
Unidentified Speaker
NO SUPPORT AMONG DEMOCRATS. SO IF IT'S GOING TO -- THE POINT THAT I MADE, IF IT'S GOING TO PASS WITH REPUBLICAN VOTES AT THE VERY MINIMUM IT WILL...
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| 00:12:29 |
Unidentified Speaker
IN THE HOUSE SHOULD VOTE NO? >>
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| 00:12:31 |
Unidentified Speaker
YES. I THINK IT'S A VERY BAD PLAN. IF YOU LOOK AT EVERYTHING IN IT, THINGS WE MENTIONED BEFORE, AND I THINK HOUSE DEMOCRATS WILL OVERWHELMINGLY VOTE...
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| 00:12:44 |
Unidentified Speaker
HE THREATENED TO VETO IT. >> HE'S PUT OUT A
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| 00:12:46 |
Unidentified Speaker
VETO MESSAGE. AGAIN IF IT HELPS SPEAKER BOEHNER COME TO A DEAL, SO BE IT. >> WRAPPING UP
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| 00:13:07 |
Unidentified Speaker
WITH SENATORS SCHUMER AND HARKEN AND SPEAKER BOEHNER'S PLAN B TAX CUT PROPOSAL. GO TO C-SPAN.ORG. TODAY THE WHITE HOUSE ISSUED A VETO THREAT OF THE...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.