Sen. Kyl: Payroll tax holiday hasn't 'stimulated' economy

Kyl, who served on the supercommittee, said it didn't make sense to impose a higher tax on those who create jobs, preempting the argument from Democrats that additional stimulus measures should be paid for by increasing the tax rate on wealthier Americans.

"I can't believe that," said Sen. Dick Durbin (D-Ill.), also on the program. "Now the Republicans are walking away from lower- and middle-income families because they don't want to impose a small, small tax on the wealthiest people."

Click here to read more from The Hill's On the Money blog.