Bloomberg: Simpson-Bowles Spending Cuts, Clinton-Era Tax Rates Would Balance Budget By 2021

New York City Mayor Michael Bloomberg, during a speech at the Center for American Progress Tuesday, announced his plan to balance the budget by 2021 by adopting the Simpson-Bowles spending cuts, ending the Bush-era tax cuts, and closing tax loopholes. (0:15)

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Bloomberg: Let Bush-Era Tax Cuts Expire In 2012

During a speech at the Center for American Progress Tuesday, New York City Mayor Michael Bloomberg called for President Obama to allow the Bush-era tax cuts to expire at the end of 2012. (0:31)

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Bush Tax Cuts Weaken America's Foundation For The Future, Says House Democrat

Rep. Donna M. Christian-Christensen (D-VI) says the Bush tax cuts have not helped the people of America, but rather weakened the foundation for the country’s future. (0:20)

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Dems First Priority Is Extension Of Tax Cuts For Middle Class, Says Reid

Senate Majority Leader Harry Reid (D-Nev.) says at a press conference Thursday that the Democrats’ first priority remains extending the Bush era tax cuts for middle class Americans. (0:12)

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Reid On Bush Era Tax Cuts: We're Waiting To See What The House Does

Senate Majority Leader Harry Reid (D-Nev.) says at a press conference following a Democratic caucus meeting that the his party’s actions on the Bush era tax cuts are contingent upon the pending decision of the House. (0:46)


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Democrats Reckless With Tax Policy, Says Republican Lawmaker

Congressman Tom Price (R-GA.) says the uncertainty many feel regarding tax rates in 2011 is reckless politics by Democrats.  (0:27)

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15% Of Voters Don't Want Bush Tax Cuts Extended For Anyone, Says Analyst

Bob Benenson, a senior election analyst for Congressional Quarterly, says that only 15 percent of voters don’t want the Bush era tax cuts extended for anybody. (0:49)

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Wealthy Tax Breaks Poor Way To Use Funds, Says Lawmaker

Sens. Whitehouse (D-R.I.) and Merkley (D-Ore.) highlight the differences between the Democrats’ and the GOP’s plans for the Bush Tax Cuts which are set to expire at the end of the year. (0:28)

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GOP Tax Plan Costs More Than $1 Trillion, Says Merkley

Sens. Whitehouse (D-R.I.) and Merkley (D-Ore.) highlight the differences between the Democrats’ and the GOP’s plans for the Bush Tax Cuts which are set to expire at the end of the year.

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Obama Tax Cuts Are Fair For Everyone, Says Lawmaker

Sens. Whitehouse (D-R.I.) and Merkley (D-Ore.) highlight the differences between the Democrats’ and the GOP’s plans for the Bush Tax Cuts which are set to expire at the end of the year. (0:38)

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Some Middle, Lower Class Americans Taxed More Than Richest, Says Lawmaker

Sens. Whitehouse (D-R.I.) and Merkley (D-Ore.) highlight the differences between the Democrats’ and the GOP’s plans for the Bush Tax Cuts which are set to expire at the end of the year.

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Boehner Demands Up Or Down Vote On Tax Hikes

House Minority Leader John Boehner (R-Ohio) demands that Speaker of the House Nancy Pelosi (D-Calif.) call for an up or down vote on the tax proposals this fall. (0:13)

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Boehner: I'm Disappointed White House Spending

House Minority Leader John Boehner (R-Ohio) criticizes the Obama Administration’s economic policy and affirms his parties commitment to reduced spending and an extension of the Bush Tax Cuts. (0:13)

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Boehner Blasts Democrats' Economic Policy

House Minority Leader John Boehner (R-Ohio) criticizes the Obama Administration’s economic policy and affirms his parties commitment to reduced spending and an extension of the Bush Tax Cuts. (0:13)

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Boehner to Obama: You Don't Get It

House Minority Leader John Boehner (R-Ohio) criticizes the Obama Administration’s economic policy and affirms his parties commitment to reduced spending and an extension of the Bush Tax Cuts. (0:30)

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Sen. Pryor: Congress Needs To Be Honest With Americans Over The Deficit

Sen. Mark Pryor (D-Ark.) said that Congress needs to be honest and “realistic” with the American people on taxes and the deficit, but did not indicate his stance on whether the Bush tax cuts should be repealed. (0:33)

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Lieberman Cautions Against Letting Bush Tax Cuts Expire

Senator Joe Lieberman (I-Conn.), voiced his trepidation with letting the tax cuts for wealthy Americans passed under the bush administration expire.

“If we raise their taxes, they’re going to spend less,” said Lieberman, who cited a recent study showing that the economic slowdown last quarter was partially due to a drop in spending by the higher income bracket.  (0:27)

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Pelosi will push to repeal Bush tax cuts

House Speaker Nancy Pelosi (D-Calif.) blames the Bush's tax cuts for the wealthiest Americans for increasing the deficit and says that she is in favor of repealing them (0:26)
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