the caller makes some good points. wages are very low, not even $10 an hour. think congress should act with a new minimum wage and workers in that action. i think people who go to work full-time they deserve to be paid enough to be able to support their families. host: hello phyllis. caller: thank you very much. thank you for the conversation. first thing, immigration. i understand of the americans have dismissed historical events. is their home before

borders and things like that were set up. other latin american countries, to research us involvement in help countries which create the bad situation they are in and forced situations where they need to leave. the xl pipeline would cut the all er of this planet and of the oil resources, it is a very serious risk. the risk is terrible. guest: i think we need to needs of e real american families, which means tackling stagnated wages. may show that the tax reform not about corporate

giveaway. i think we do need to do more to ensure that we are protecting the environment. the epa ruling goes on the right way. the pivot those made in the last election worries me but i meant to keep helpful. for : vice president we ter american progress. appreciate your time. cirilli, ll be kevin the hill correspondent. >> congress goes back to work and asked the supreme court.

of a issue is a case pennsylvania man who says he was just fencing when he his wife on facebook. who use of violent and other social media, he was sentenced to 4 years of prison. present obama is at the white house today with the situation in ferguson, missouri will be the topic of several meetings, first with his cabinet to give military style equipment to the law enforcement agents. about the ill speak law rust between the community and others.

meanwhile, protests continue in several cities including here in washington dc where ked a trators have bloc major artery into the city. police have issued the first of three warnings. that is one of the latest headlines on c-span radio. >> on her over 40 years covering the white house and the and restorations from ford to barack obama. in and she whispered. the president stood and said he had to go,, he went to the and then we discovered that it was two planes down. crashes in new york.

to the parking e latecomers in re the cafeteria. go into the cafeteria, must return to washington". the door slammed in the pentagon was hit. night at eight eastern. >> washington journal continues. host: we take a look at how money is at work. tax ook at are known as tax extenders. we have kevin cirilli, what tax break is congress currently considering extending and is an

estimate of how much they would add up? guest: the tax debate is something that congress typically takes every couple of years. there are around a dozen or so tax breaks for businesses that have been really renewed for they are not permanent, so the congress has to reauthorise them every couple of years. lame duck session has to reauthorise them, some of them, and the business community will like to be some of these extenders made more permanent. host: what otherwise that people will hear about most? guest: the number one tax the r and d extender. research and development

extender. if you are a business leaders and tell research or development you get a tax break. this may sound like nonsense are a small business, they are actually worth billions of dollars of research. it is a huge amount of money a lot of businesses would be impacted by. it is really important and that is why we are seeing a lot of action. host: if they were made nd over a ten-year period, the tax extender is currently being considered would be around $608.8 billion.

the moment tax d credit are listed in this $155.5 billion. here is interesting thing. right after the holidays everybody is going to be worried about filling the tax reform. there is a lot of uncertainty in the community right now. people i talked to said to get this done, extended or t is made permanent, then people are not going to know what to do. if they're going to be able to

get a tax break, that is what this billion-dollar one of extension. needs to why congress act sometime in the lame-duck so we can get a political dynamic. host: what happen in 2013 and to be they have considered retroactive? guest: they want to see certain extender is being made permanent. host: such as? guest: such as the rnd. you have a love politics going i was just y time, speaking before the thanksgiving break and he was in the expectations on both

side of the aisle. the general washington will be s is that there an extension for some of those. most likely and it will be made permanent. why are we waiting all the way until december for this debate? guest: that is the hundred million question. that is the larger problem with congress because the way to do everything. i've got to tell you, if you to the business community, that is probably a top criticism that i hear from the business community. is that they just wait. now we are on the lame-duck.

is just one more thing to do. host: what are some individual tax provisions that may impact is watching at home that i ought for consideration? guest: some of the west that really comes down to -- is difficult about this is that some of them it and even know you are qualified for. at some of the a small is like business owner, if you are a boss potentially you would be fy for this. it is not necessarily that you do not think about it, if you're working as a small is able owner, and he to qualify to write something of four what he's buying in regards to some of the equipment.

that impacts you. because if your boss is able to save that money, that is more money for the budget. that is the big argument from the small business community. is that this really trickles down and impact the average employee. we can speak e about the senate package. there are premium packages being discussed. guest: i do not see that being permanent, i think it will be a two-year extension. what is interesting is that from house eak down and finance, people on both

sides of the aisle, they have tried to come together with some kind of package over the last years. be a s just going to two-year extension. housing finance is the last piece reform the congress has ddressed. this is a three-year extension of an extender, it is truly the most that is going to be done on housing finance. host: we are talking with kevin cirilli from the hill. we are talking about the end of the year tax extenders being considered by congress, he is here to answer questions. we take your calls. will start in ohio with

scott. caller: i want to know how will affect er have a small s. i bakery, how will this affect me? a couple of ink in you are able -- it is difficult to say because i don't know the specifics of your business by the larger argument is that a lot of the er ff that you buy, wheth you're shopping from a supplier the equipment that you purchase, is they are able to some of these extenders. that is probably the biggest argument that i hear from the business you are y is that when it is sort of -- if

they do not do this exchange of packages that all of the tax breaks are going to disappear and they will squeeze the economy. host: one of the provisions it the talked about new york times chart. is it with 3.2 billion credit with a permanent that is being considered in the house package. talking with kevin cirilli going through the end of the year tax extenders.

tim, from th massachusetts. caller: i was reading about forgiveness. i do not see how they cannot give more attention to this, the articles i read, this he tleman was underwater and had no choice but to apply for the debt forgiveness. any they do not take at all, the $100,000 that he was forgiven so to speak when now become income. repay that in to taxes. in his statement mortgage payment?

guest: that is a great question, i think if you look at the larger picture of what ry, a pening in the count struggling s are with their mortgages. since the collapse, the house market is the last piece of the has not been addressed. in both sides of the aisle they really want to have some sort of housing finance reform, particularly with getting rid of freddie neck. back all the paid think everybody would agree it illustrated a larger problem, is systemic problem, regards to these extenders, that is what we time and time again for

folks in washington. lobbies and of trade organisation. with the housing extender i would expect a two-year extension of this. you have to qualify for it and really be in some trouble but i be a pect that this will two-year extension and maybe it will be made permanent were take a larger o package. if the next e congress, if they would want to take up a house finance package. there is a lot of politics still being worked out to figure out what exactly a congress n controlled will look like.

both parties do want to act on this and they have been kicking ideas for the last year. get to what e we 140th es in the congress, how does the white house view possible extenders? guest: at the end of the day you're going to have this package of extenders and you see that the r&d is to be made permanent. will have rket we this debate. all the other extenders are extended for that ear window, would means going forward is that when we had this debate again could be made permanent,

but it also means that when we have this debate could be a little bit more difficult because the r&d extender is one that has a lot of universal support in the business community. they want that one. if you make it permanent is no longer included in this debate. host: what is the white house ying about these options? guest: get it done. they know they have to get it done and a lot of people would there wasn't an extended package. it would impact so many businesses, big and small. statement from

secretary lew, he said back fourth of november, " and extender package that makes permanent expiring business provisions without addressing tax credits for working families is the wrong of the h, at the expense middle class". we are talking with kevin cirilli four five minutes. our line waiting in for independents. will had to oklahoma -- alex are you there? caller: you mentioned some negative implications that come from these clips. is this connected to the clip from two years ago with those debate, that it would have a

massive negative economic implication and attacks occurred under bill clinton. to these clips really going create negative implications one way large corporations would have the bush tax cuts? i was referring to is the interplay incongruous with the physical play, and and all rnment shutdown of that, and the political drama that we saw fold. nobody will like that. there is a lot of frustration in the business world but for average americans outside of politics. there is a lot of frustration. the point that i was trying to

is a great t question, i do not expect that any spenders were created sort of clip. on our from oklahoma line for democrats. caller: the interest rate to help seniors is very low and tax breaks for seniors. we are all on fixed income, i would like to see and hear something about what the taxes are going to be doing for seniors. is another great question, if you are a senior that is a point.

unfortunately some of the loudest voices on this debate are not reflective of the country as a whole. if you're looking for specifics it comes down to how this larger debate really impacts economy as a whole, that these extenders tax extended then these breaks are extended, it help move the economy to get it out of this slow recovery and make things a little bit easier. host: some tax provisions are some considered and seniors might be considered for mortgage debt forgiveness. deductions for a state and

general taxes. those are a few that there specifically targeted from individuals. you got that list, there really is not much for seniors. the educational one is heavily the teacher community. k at the o one as well, ent again, who either people are be updating the or the solar ers panels? could make the argument it is not necessarily improve be able to their homes. she made a great point.

has the great push ist in washington to for these measures? caller: there are lobbyist push for senior issues, but in this particular debate i do not believe they are dominant. -- maryland ireland on line for democrats. caller: i'm not sure when these corporate entities get tax breaks, that necessarily down to the employer. because they want to maximise profit.

employers that necessarily receive that. keep or the bailout, we having these conversations, i think the american people to know what happened and why other prosecutions. while is a group of entities have been prosecuted 2008? guest: in no way i was taking aside, i was just reporting what the business community argument is. side are right, the other is that gument trickling down does not necessarily work. fter the point that you raise of out there being a lot

frustration and anger, and questions that still surrounded 2008 economic collapse about who should go to jail, there test the other the senate banking committee and we saw the new york of the federal reserve addressing the banking community. that really pointed questions the new resident of york fed, why hasn't anybody going to jail. is up to you if you don't agree with this or not, his argument is over 2010 wall giving eform act has authority to go after and enforce new regulations. a lot of people in

the senate, as well as the country and has, i think that not going after folks who were arguably responsible for the 2008 of lapse for a variety reasons, polymers, reason is something called the revolving door fact. people who are regulators had prior experiences working in big corporations and banks. folks on both sides of the aisle are concerned about that. is still out n the and it is a big because six collapse share that frustration. caller: mell. i just wanted to say

somethings. i had three small businesses. as the e first one manufacturer's representative, i was with walmart. i was fortunate, he told me that when i was ordered will be no jobs. he was definitely very worried about that, i can tell you that as a small business now and former experience, big manufacturers get up to 40% discount over small business. if we do not help small business in this country will not come around. i have drawn upper-middle-class family and there is a lot of unemployment.

guest: i think that people the card later differently. i go through the labour department and that has put the unemployment rate at 5.8. the unemployment rate is hard of a lculate, that is part larger issue, yourself the participation issue when you look at how people calculate the unemployment rate is how many people they count that is looking for jobs. people participating in the you look at en that, that is at the lowest it that is at the lowest it has been since 1970. the people that count it will unemployment is there are counting for the lowest number of people. f concerns a lot o

about that. economist that i speak with all around the country point to a number of factors citizens and ior baby boomers, which are unable to get back onto the labour market. they also point about the school a m's being in lot longer. this is not where anybody would like to see that an employment rate. and can talk about numbers put special rate, i think that put it in a larger perspective here, it is really how you feel home and useful pressure about how the food is getting in. and that uncertainty about the jobs. host: and job creation and of these tax extenders,

a suggestion on twitter " what about tying tax benefits the actual job creation and not merely making obscenely rich even richer?". guest: tax extended debate for what ever reason has been something that congress is going to address separately. it is very wonky in the weight is isolated from larger job and economic build. all the time, to get n happen in order a little bit oving faster. host: john is on our line for democrats. caller: with these new tax

breaks. host: don, an independent. jackie, from south dakota. question is lo, my for individuals, can you have money transferred from your are directly to your charity, and then it does not count as income. that would be a benefit that would affect seniors. guest: if you look at the specifics that is not something that we spoke about when we deal with tax extenders. the and restoration has tried a series of packages regards to the ira.

addressed earlier this called my ra. am bell is an example of how the and restriction was looking to get lower income folks to be able to begin planning and saving. that has been several notice for senior citizens but for the coming into the labour force. get people to o a very specially during slow recovery. but there is something we can expect to hear a little bit more about. host: virginia is next, on the lame for independent.

caller: i am just wondering let all the milliners their money in different places, i consider that reason. they will put it on social like 20 years ago. thank you very much. guest: the point you raised corporations taking the not to utside and trying pay taxes, there has been a this on alk about to attract l and how

corporate inversion when they take their headquarter address and changes it oversees so they can take advantage of a lower tax rate. are upset about companies e have that like burger king has been not moving though their stores, than not moving changing ities, just have lower tax o rates. are something we hear a lot about. forth a series of to help rictive actions and make less popular , make it a little more difficult companies to invert overseas. talking about tax

extenders, a lot of folks are hoping that there will be in the tive tax reform next congress. a little bit early to tell. host: you could put some of those permanent tax restructures, could you make it happen in the next congress? not extend y were the extenders, they will be a people upset over that. will create a very volatile environment and next congress, larger time there is a debate in congress, that debate months ly going on for and months beforehand. is data to the extenders would be a huge deal.

host: we have a few minutes left with kevin cirilli. on line o to new york for democrats. caller: the real person responsible for the failure of banks was bill clinton. in his last year in office in 1999 he signed a bill repealed the glass legal act. it is a nation of investment he ks with saving banks, signed a bill that authorised the repeal of that bill and that led to this disaster of 2008. he's the one who should go to jail and be held responsible for this. why would a democratic the ident repeal it built

frank roosevelt put. he should be responsible for the signing of that bill. guest: there is a lot of shifting politics and this. senator john mccain introduced a bipartisan restatement of the glass legal act. of folks who ot share how you feel, and think the glass legal act would allow them to expand their businesses. bank were mean that a no longer be able to do both, commercial and investment banking. there would be a very clear wall. the argument for supporters is have got too big.

and many democrats, practically all republicans felt that the glass eagle act got the economy moving again. a lot of economist have looked said it was not what led to 2008 collapse. if you flash forward, i doubt a lot about earing it. especially if secretary of state hillary clinton will run. get the help to economy moving, but there are democrats who refute that. host: just a couple of minutes left we tried to get chucked in our line for independence.

i wish that lady on the phone was in congress. basically when i look at all the pharmaceutical companies all the pharmaceutical -- the research to the when they get development part they go to years when for 20 they product is protected. a lot of ems to be bookkeeping, the reason why to put s wait so long last-minute amendments is

because they cannot be challenged. fined for $700 million they got a refund from bill by congressman -- who was it? they got this company back $500 million after that has been fined for fraud. host: want to give kevin cirilli the last-minute. guest: great questions. i think is big of a larger big tration that why are businesses and corporations getting breaks another little guys. whether it is education or environmental friendly, or

forgiveness, that would help struggling americans. a 600 billion debate, the r&d credit is a big part. extender he largest that we see in this package. you agree with that. thank you for having me. host: that was our show for today, we'll see you tomorrow. have a great monday.

lex campaign 2014 is ending the final campaign with one race to be decided tom at the louisiana senate race currently held by mary landrieu. a runoff race between her and bill cassidy set for december 6 debatefinal televised taking place tonight. an update on that earlier today. le guest: thanks for having me. we are a few days from the election. tonight is the debate, which will be on c-span, online, and on tv. we are heading into the final stretch. -- : mary landrieu" the mary landrieu and bill cassidy in the runoff. you bring up the debate.