Bush Tax Cuts
Slowly but surely the economy is picking up steam. Today’s job numbers are another data point that Barack Obama and Democrats have put the country on a path to recovery from the economic carnage of the Bush Administration.
Speaker John Boehner believes he holds a strong hand in fiscal cliff and debt limit talks. He is, once again, taking the global economy hostage and playing politics with the U.S. debt limit.
Obama is hoping to promote the discussion of the Bush tax cut extensions by getting people hooked on the topic and by getting them to use the #My2K hashtag on Twitter.
With election day 23 days away, the spotlight is on a South Jersey battle for Congress.
Chris talks to Senator Pat Toomey on the Senate vote to extend some of the Bush Tax Cuts, Steve Cordasco on Finance Friday, CBS 3′s Beasley Reece on the opening of the Olympics and Michael Vick sell his new line of clothes, and to City Councilman Jim Kenney on his proposed resolution to condemn Chick-Fil-A.
Chris reviews last night’s Major League Baseball Homerun Derby, President Obama’s plan to extend the Bush tax cuts for households making less than $250,000, Tom Corbett’s Voter ID law, Mayor Nutter’s ban on feeding the homeless and parents that let their 5-year-old daughter swim with sharks.
The tax fight in Washington continues this week. The public infighting is typical Washington gridlock but what you see is often not what you really get because the private battle is another story.
This could be the pivotal week in talks to resolve the tricky issue of tax cuts.