schumer: mr. president? the presiding officer: the senator from new york. mr. schumer: i ask unanimous consent the quorum be dispensed with. the presiding officer: without objection. mr. schumer: mr. president -- the presiding officer: the senator from new york. mr. schumer: i like everyone else in america follow the terrible tragedy in aurora, colorado, just awful. i was particularly moved when i read in one of our local papers, the bios of the 12 who had died. so many of them were young, in the prime of life, in their late teens and early 20's. so many of them were brave, protecting others, a child, a girlfriend, a friend. and you feel the -- just i was so upset on reading this, seeing these people's lives snuffed out just as they had great futures ahead of them. for nothing. had the same kind of feeling i had after the world trade center, of course magnified by much more because so many more people died and i actually knew some of the people who died. but the same senseless killing of innocent

exactly right. >> you know, it was like, here is the mirror, mirror meet senator schumer, senator schumer staring back at you, this is insane. >> neil: 21 days. >> 21 days. and by the way, you know what he's really saying to ben bernanke, hurry up and get on the stick and get president obama reelected because they're going to blame the senate for this. >> he wants qe-10. >> this was demagoguery and patently false and ignored everything the fed has done since the financial crisis and bernanke has done and completely false and ignored the reason that ben bernanke had to print money twice and maybe three times because fiscal policy which is controlled by the white house and the congress utterly failed. >> neil: but the reality is, that nothing is going to be done in the 21 days, what can we look forward to or not? >> i think what we can look forward to is an extremely difficult patch with the economy. i'm extremely worried about it. congress doesn't know what they're doing, mr. bernanke's tools are extremely limited. mr. obama doesn't really care a lot about it and i'm extremely worried. >>

>> i'm say -- let me finish my schumer. a little bit. i think with schumer it's even worse. we understand he wants his cake and eat it too. he wants to hold the party line but as senator of new york, who benefits most from qe? well i would think that the new york stock exchange, equity traders and all of the firm and buybacks. i think it's even worse than it appears. >> you big cynic, you. >> what's the trade here chris? let's talk about allocating capital. dow industrials up 80 points. you don't have too many trends in terms of where the money is moving today. would you be buying into this rally or selling into it? >> well, maria, in the very shorlt term i expect this quarter's earnings not to be a positive catalyst like in the past -- >> negative? >> a little negative but i think that's just for the very short term. there's a rally and the year end could be a real possibility if you look how election years have shaped up in the past. when i look at longer term trends out of the 10 s&p 500 sectors only four have made -- have eclipsed their 2007 highs. that's very significan

chuck schumer agrees. >> a lot of people make 250 who aren't rich. property is more expenses, taxes higher. >> schumer will go along with the president for party union. republicans say 250,000 threshold is too low for many small businesses. obama says only 3% are above it. >> this isn't about taxing job creators. this is helping job creators. i want to give them relief. i want to give them a sense of permanence. >> the one-year tax extension critics say is anything but permanent. the white house says it would clear the way for overall tax reform next year. after voters made clear who they want in the oval office. >> bret: thank you. let's get thoughts about taxes from brit hume. >> this is a shame that this is not conducted in the courtroom. if it were, lawyers for romney could stipulate yes, indeed, their client is a rich guy. that would bar the president's team further staging events designed to underscore the point. that was surely the purpose at the event at the white house. obama not proposing to cut taxes. he is keeping the current tax rate in

chuck schumer of new york for fairness. thanks for joining us. >> hey.t's a good day in a long -- first good day on taxes in a long time for us. >> thank you, senator schumer. he made news there. he thinks they're pushing an army which supports big national sales tax as a way that the rich can avoid paying their share in terms of high rates. they get away with not having to pay high rates by getting the middle class to pay a big national sales tax. it seems to be the only way out if you're not going to have a fair system on the income tax side. analyst howard fineman is here to dictate what the truth is here. let's talk about a couple things. first of all, we've got an interesting development tonight. brian williams on nightly news interviewed mitt romney. let's look at what the candidate said about releasing his tax returns or didn't say. let's listen to this debate. >> you also know what happens in the real world, governor. people hear he's not going to release the rest of his returns and they wonder why. is there a year there he paid no taxes? they wo

chuck schumer is the senator of wall street. so where that number goes is very much driven by the incomes of his constituents. it's just really that simple. >> i completely agree with that. i think that's something that's been hard for the president to back pedal from, the tight ties with wall street. going to your point about this being smart politically but maybe not having such an economic impact, i actually think there was an important economic message there and that's that gridlock is the main problem. there actually are economic solutions to the problems that we're facing, the structural problems we're facing that we can't get by in. it was important to stress that. >> the other thing that struck me was the president reiterating something that i think nobody really knows or talks about certainly in the broader national dialogue, which is that the president has cut taxes for the middle class multiple times, $3600 a family. he talked about cutting taxes for small business owners 18 times. why is there not sort of like the ob

senators schumer and senator coburn... almost molded those two names together. >> very bipartisan, norah! >> o'donnell: we'll be back in a minute. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. >> o'donnell: some of our stations are leaving us now. for most of you, we'll continue our discussion on the health care decision and campaign 2012. stay with us. >> o'donnell: welcome back to "face the nation." we're going to get the state's perspective on the supreme court's health care decision with republican governor scott walker of wisconsin who's joining us from madison and here in our studio with me democratic government martin o'malley. the law requires that are the

new york senator chuck schumer says new uniforms he believes could be made by a new york company.e made in ohio and make it in time for the games. what does your gut tell you? should the u.s. olympic committee start over and rush new uniforms so that our olympians can have made in america not made in china in the label. go to facebook.com/newsnation to cast your vote. it is a hot topic. that does it for "news nation" on this friday. "the cycle" is up next. eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor

chuck schumer and nancy pelosi said why don't you move it up to a million. they don't like the president doing this at $250 because a million is a lot easier. you tie romney to being a millionaire. it's a lot easier to do. they will bring back comments that bill clinton made to preserve the economy. they said they had this fight again and they are happy to do it more time. they will use comments by other democrats primarily as the way of pushing back on it. >> this has been the problem for the president all along. if you are united in their own -- that's been a point of contention between schumer and the white house for two years. luke russert reporting on the capitol hill moves. thank you, sir. coming up, romney's risky move and he is planning to leave the u.s. in the heat of the presidential campaign. how does the trip to israel play at the polls? plus, the president's edge. new numbers that decide this election. we will show you why the ads do manage. first a look at the president's schedule and mitt romney's schedule which we will start doing. we know wh

there was very little coverage , judy, of senator schumer and men men -- and menendez who said this is not middle class to me or our state or our peel. peel-- or our people. >> that's because chuck schumer lives in a state that has one of the highest costs of living as does nancy pelosi. how about a nice round number like 1 million? everybody thinks the theme is right. the middle class is getting killed and they are the ones who need the relief. the media did pick up on that. >> let's talk about the cbs exclusive with the president on thursday in which he told charlie rose about the biggest mistake of his term in office thus far. listen. >> the mistake of my first couple years was thinking this job was just about getting the policy right. and that's important, but the nature of this office is also to tell a story to the american people that gives them a sense of unity and purpose and optimism especially during tough times. >> justin, how did the media play with that? >> it does tell a story, and frankly you can't blame obama for trying to tell that story since this is an issue he is in

and that is the schumer proposal. i hope as the senators come to the floor and begin to look more carefully at the schumer proposal versus the proposal that came from the house, they will realize the benefit of the schumer approach and give it the 60 votes we need to move it forward. and will reject the cantor approach as being too expensive relative to the other option that is on the table and much less effective. in the event, madam president, that the senate decides to do neither, which might happen because they have been -- there have been logjams around here for awhile now, which i was very proud of my colleagues barbara boxer and jim inhofe working together to break the logjams in a spectacular way just two weeks ago on this same floor when they finally negotiated a two-year transportation bill, the flood insurance bill, the restore act and the student loan reduction bill which is remarkable work that the congress did just last week. in the event that the cantor proposal fails and the schumer proposal fails, i'm

there are people within the democratic party, elected officials, chuck schumer is one of them, who believe they should say $1 million and lower, let's extend the tax cuts. $1 million and higher, those people really don't need it and let's not. but you hit on what i think is the most important thing. this is not going to happen before november 6th. this is a political ploy. i don't say that in any pejorative way. this is a political ploy by the president to try to force the republicans on the record again to say you know what, we don't think we want to preserve the tax cuts for people who make $250,000 and above. the white house clearly thinks that's a winner, driving home that barack obama is for the middle class, mitt romney and republicans are for the wealthy. that's what this is about. i always say when it comes to taxes, one man's tax cut is another man's tax increase. that's the message we will see play out. >> that's exactly where the divide is. this was the president just about an hour ago in the east wing of the white house. excuse me. east room of the white house. >> we should all

what is his justification for $250,000, whereas chuck schumer, nancy pelosi and others are talking about the $1 million? >> governing is about making tough choices. as we know, we can save nearly $1 trillion over ten years if we don't extend the tax cuts to the highest income. the president believes we need to use that money to invest in education, invest in innovation, invest in helping people get a fair shake and a fair shot. that's an area where mitt romney disagrees with the president. we're not quite sure why he wouldn't want to just move the ball forward and extend the middle class tax cuts for a year right now. we can have that debate later -- >> what about the argument the economy is too weak right now to take a tax increase which would be the case if you don't extend the tax cuts? >> well, the tax cuts for people making over $250,000 a year is going to the top 2% of people in this country. the vast majority of those people don't need those tax cuts. we're talking about many millionaires and billionaires who don't need those tax cuts. again, it's about making choices. do you want

. >> thank you, charles schumer pressured bernanke because he said congress couldn't. tried to debunk that today i feel, why did you feel you had to refute senator schumer. >> yesterday i thought the senate was saying to bernanke that he had to do something and get the economy going, and what i pointed out today is the buck stops with the president and the congress. it's the congress that needs to confront the physical cliff that we're going to go through. we're going to have a $1.2 trillion worth of spending cuts. most of that in defense. secretary panetta said it would be like shoots ourselves in the head. we'll have a tax increase for every american family averaging $3,000. and in a fragile economic environment, that's a chance we should not be taking. we ought to be addressing it today, and chairman bernanke said it's not a time to do it in a lame duck session, the time is now. and i have to agree with him, the clock is ticking. >> it is, are you confident they will do the right thing in time? >> the right -- the long-term solution has to be long-term structural ch

appealed to capitol hill for help in giving the economy a shot in the arm, but new york senator chuck schumer told him point blank today to forget it. >> given the political realities mr. chairman, particularly in this election year, i'm afraid the fed is the only game in town. and i would urge you to take whatever actions you think would be most helpful in supporting a stronger economic recovery. >> reporter: doubts about the economy's direction are holding employers back says scott schermerhorn of granite investment advisors. >> there's still uncertainty. whether it's political uncertainty, whether it's regulatory uncertainty, there's a lot of uncertainty out there and i would argue business c.e.o.s are very reluctant to start hiring in a big way given the uncertainties out there. >> reporter: that's why senator schumer pressed the fed chairman. >> you certainly agree that unemployment has been too high and is sticky and despite two false starts we're having a much refer time than we ever imagined getting unemployment down >> yes, that's true. >> so get to work, mr. chairman. >> reporter: f

schumer on blocking, what they're blocking is our ability to take this massive resource and bring itg our prices. guess what, call it the china move. the chinese look at us and throw their hands up and say, these idiots are going to block it, and we're in. we're not going to just buy this, this is the beginning and a lot of stuff in the gulf, but this oil is going to be double or tripled out of the money they ask from the pipeline from alberta to british columbia to china, and call it the china pipeline. >> and gary b, is that going to raise some prices, do you think, in the end? >> oh, absolutely, brenda, oil is supply and demand and the thing that's baffling to me, i think every administration back to the truman administration has said, you know, we have to be oil independent, we have to at least get off the-- our dependency on the middle east. you have a country in canada, our closest allies for the last who knows you how long, has the second biggest oil reserves behind only saudi america and venezuela, and yet, we could build a pipeline there and be at least in partnership with t

earlier today. >> i think it's crazy. >> schumer is saying we can't do anything so you bernanke havedo something. take that over and take that game and overlay it on what happened in europe. trichet said he'd stay on the sideline until there was movement on the fiscal or political side and to me this is a fascinating game of chicken going on and it's a lousy reason to do monetary policy. >> to me it makes me think it's less likely bernanke will do anything because he can't look like he's bending to political pressure either. >> more to the point, what can the fed do to counter a 4% contraction in fiscal policy? >> bernanke has said nothing. he might do something to counter it. >> has this happened before, by the way? >> what? >> have there been conversations -- >> in the time i've been covering this beat, which is about 12 years now, the willingness of politicians to talk about monetary policy has gone like this. they used to be very reluctant, they'd dance around the edges, wouldn't comment so much on them. am i right about that, dino? >> you went from actually talking about it a lo

new york senator chuck schumer sees a tax dodge. >> you certainly don't need to renounce your citizenshipll know the reason she's doing this and it's to avoid paying taxes. i found the people who renounce their american citizenship despicable. >> others say let them go and focus on broader tax reform. >> we're going to have wealthy people leaving the country because they don't want to pay taxes. don't let the door hit you on the way out. >> many thanks to andrea mitchell. should we be trying to reform our tax code to keep our successful and business people here instead of pushing them away from america. >> this is a logical rul, this is human behavior. >> ewe stud bied policy, has senator schumer ever helped to keep successful people anywhere in america? has he ever met a tax rate he ever lowered? ever? >> she's not the only one. there's so many oerrs include savryn. there are a in um ber of people saying i'm done with being an american because tax rates are so high. california and new york, high network individuals, they're fleeing those places going to texas and florida, places that hav

i serve on the senate rules committee, and in march chairman schumer held a hearing on the disclose act, and we heard several concerns about the bill both from our republican colleagues on the committee and their witness. at the hearing the majority witness claimed that there are many provisions in the bill that he disliked, and he said, "i think perhaps the most radical is the government-mandated disclaimer." while i disagree with this assertion that standing by your ad is a radical idea, that's no longer an issue in this bill. we've taken it out, the disclaimer position. i still believe it is an important position but we listened to the minority's concerns and revised the bill. another concern raised at the hearing was the effective date of the legislation. senator alexander is our ranking member on the committee, and i think a great deal of him and appreciate the work that he and chairman schumer have done on many issues. at the hearing on disclose, senator alexander said the following: "this hearing is as predictable as the spring flowers in the middle of an election. my friends on

chuck schumer was wrong. the one thing congress could do right now, tomorrow, to make the economy better, would be to take the tax off the table that i think is having a very unsettling effect on businesses right now. >> all right. we're going to hit pause on that. obviously, that tax thing is much more complicated than just doing it tomorrow. although i know everybody would like to. they just have different ways they want to deal with it. all right, still "outfront," mitt romney gave an interview to a local station in pittsburgh talking about why he will not release more than two years of tax returns. and we have that for you next. and victor boot, remember him, the merchant of death? he is in prison for dealing arms around the world. but others have picked up where he left off. and the woman leading the charge to track them down is "outfront" tonight. >>> new developments in the search for those two little girls who disappeared in iowa on their bikes. fbi dogs were searching today. we spoke to the fbi. that

look, you've got claire mccaskill, bill nelson, john tester and chuck schumer representing people inew york and he says, you know, people living in new york make $250,000, their expenses are huge and they're not just business people. there are people actually that make that amount of money in two-income families. >> jonathan -- i'm sorry. >> i want to ask what these job creators have been doing with these tax cuts so far and how their situations have been improved greatly and how they're hiring so many people and how this would all stop. it's ridiculous. >> it's not ridiculous. >> come on. have they worked? >> we're talking about people right now, we're not talking about millionaires. >> i know. >> we're talking about people making -- >> i would prer that. >> $250,000, $300, $350 struggling to keep their businesses open. they're not creating jobs right now. >> so -- >> they're fledgling to keep their businesses open. >> the tax cuts in place by bush haven't worked? >> the tax cuts put in place by bush, afforded by president obama, these are really obama tax cuts -- >> they haven't sp

schumer is not as bad as gillebrand is. >> that comes at a cost, and you say it would be a jobs killer. what do you base that on? >> you do not raise taxes in a recession. or when you have a slow economy whether the economists call it a recession or not, barack obama himself said that in 2010 when he approved keeping the current tax cuts in place. he said last thing we want to do is raise taxes because it is such a drag on the economy. we have to get the money moving and we have to get people investing and having some confidence in hiring people. that's the only way out of this economic drag we are in right now. >> this race you have put yourself into, the ability to represent new yorkers, new yorkers -- new york is always called a melting pot. it represents everybody. the rich, the poor, minorities , all industry. do you think your thoughts about what you would do should be taken a look at by other states? look how many are teetering or have filed for bankruptcy. >> i think new york is a perfect microcosm for what is happening in the country. we have the financial industry and the agr

new york senator chuck schumer says new uniforms he believes cod beade aew yk compy.o anmaket in te forhe game whatoes ur g telyou? shou t u.lymp mmite stt ov and rush new uniforms so that our olympians can have made in america not made in china in the label. go tocebo.comewsnion ca you te. is hot toc. thatoes it f "ws nion" thiiday "t cyc" isp ne. lennouer ] igib? that a gd thing, but it doesn't cover everything. only about 80% of your part b medical expenses. so csidean ap mecare pplent ia sureby utedhlthce inranccompy. li all standardized medicare supplement plans, they pick up some of what medire doesn't pay. d save you up to thousands of dollars out-of-pocket costs. callodayo reest freeecisn e helyou tternderand at mica. works best for you. with these types of plans, you'll be able to visi any doctor or hospal thatccep medire pient.. pl, the arno nwork anyou' nev neea rerralo sea spiali. antheyll tvel with you. anywhere in the country. join the millions who have already enrolled dors by rp, an oanizion rvin the eds peoe 50nd or fogenetion.. d pridedy insurance co

that is why folks like nancy pelosi and chuck schumer are trying to raise that up to 1 million dollarsclear cut. you can say we want to stop tax hikes, but the rewealthiest hav to pay. it's all talking point. >> but just to be clear, both chuck schumer and nancy pelosi have said they support entirely the president's comments today. >> as the democratic argument now. now, isn't there a irony here and speaker baper talking about job creation because if he was subjected to a proper appraisal, he'd likely lose his position on the basis of time wasting. he's planning for a -- on the president's health care reform this week. the 30th in just two years. can you explain to me what's the point of these endless moments of pointless theatre when people are drying out for something constructive from this speaker? >> there is two reasons behind this health care repeal wednesday. number one, it's red meat to the house republican base. >> that does nothing for people. i understand. >> they can put themselves on the side of that. >> wonderful. and to tell you -- >> the tack part of the law that justic

. >> with olympi snow and chuck schumer, so many individuals i admire. >> the one thing you never thoughte would do. >> a promise i made to myself when i was 10. here i am. >> russell brand, dangerous, outspoken and very, very funny. >> that's enough. we'll be right back. get off. >> russell brand. who knows what might happen. this is piers morgan tonight. >>> good evening. our big story, imagine a world in which a first lady divorces a commander in chief. the president herself loses to a less experienced rival and becomes the secretary of state. ridiculous. anyway, this is the world of the guilty pleasure, political animals. who better. sigourney weaver made over 40 films that grossed $4 billion worldwide. she plays the toughest female character in movies of the alien films. another first lady, sigourney weaver, welcome. i wanted to interview you for a long time. >> i'm flattered and delighted to be here. >> $4 billion. that must make you feel great. >> i didn't know. now i know how to greet myself in the morning. >> this is the calling card. resume, $4 billion at the box office. >> what

chuck schumer says the same thing. >> i really don't know why.f you go into almost any urban area in america, not just in new york city but in chicago, in dallas, in miami and so on, you talk to family where both people are working and they have a joint income of $250,000 and the housing costs and the cost of sending kids to school, it eats that you $250,000 pretty quickly. >> but isn't the president putting that off? doesn't that leave number as to whether the bar is openly. it made sense to me when he said let's agree on what we agree on. can we even do that? >> this is not all about the election and throwing the down the cards. it's a terrific employ to box the republicans into position where they're campaigning for tax cuts. it really is very, very good politics. the sad thing is is that the conversation has to be so much bigger because all of this tinkering around does nothing whatever, fixes nothing actually. it's simply a employ. the bigger conversation in th i eskines bowles -- >> he chose not to do certain things. he choose not to do ers