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Sen. Wicker Optimistic on Congress' Debt Talk Progress

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    Sen. Roger Wicker, (R-Miss.), weighs in on debt ceiling negotiations.

  • Duration 4:42
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June also were watching the deficit talks in Washington they're continuing right now apple White House.

The country -- for Washington lawmakers to cut a deal joining us how Republican senator Roger Wicker -- Mississippi incident -- you -- the tax but that the tax reform issue should basically.

Be saved for another day but went from.

John Baker today it sounds like he's bringing it up to the forefront what can you -- -- Well I can tell you something -- more and about fifteen minutes because it's my understanding that house speaker Boehner will be meeting with.

Senate Republicans.

Over lunch today so -- as soon as this interviews over perhaps I'll I'll learn more but yes I do think that is.

Correct I'm heartened.

-- I'm more optimistic than I've been in weeks I think the president.

Is willing to realistically talk about.

Entitlement reforms and savings.

Going forward in the entitlement programs and yes it does appear.

That there's a willingness on the part of of house Republicans.

To talk about closing tax loopholes in return for cutting tax rates both for individuals and corporations.

Just looking at the body language and watching the people talk on the floor of the senate this morning.

It seemed to me look like.

Real.

Progress is being made and and there's real substance of the talks today.

Press senator -- it's Bob O'Brien is there a willingness though I thought I heard in some of the Sunday talk shows this past weekend.

But some kid and some members of your party.

-- they were even talking about going beyond simply closing loopholes.

But actually talking about putting tax increases on the table.

Well okay you just had a report about.

Small business creating most of the jobs but before the break.

I just really think going back and -- visiting.

In the of the tax rates.

That are currently applicable and raising those tax rates on small business.

Would put a huge wet blanket on the economy I'm not willing to vote for those.

But I do think closing tax loopholes and -- incorporate.

Doing as former President Clinton suggested.

Might be a real winner both with Republicans and Democrats.

And actually give the president a better economic outlook.

In this.

Run for reelection next here.

Than any year that I have called the I you -- -- more optimistic than you have been at this point that's music chart years.

However if -- -- still look at what could happen in in the chance that we don't get this right.

What happens then.

Well -- of course I've been quoting.

Chairman of the Joint Chiefs of Staff admiral Mullen.

Who said -- -- the greatest security issues facing our nation is the national debt.

You know he he is will -- And the threats facing our nation and the fact that our leading military man would say that I think is significant leads to the repeated as often as possible.

-- the negotiations.

Fall off the tracks.

Really think today -- the day.

This weekend is.

Is sort of the last chance we have to actually get agreements.

Agreed to get the language.

Drafted and have -- in place -- the second.

I don't think will be the worst calamity ever but it would be disruptive and it would cause I think.

An increase in interest rates which would hurt the economy.

And hurt Americans across the economic spectrum if we don't get this done that we have a spike in.

I think also that says that good stock market.

Rally that we've had today at the get go -- -- opposite direction that we don't get this done.

-- senator -- only about twenty seconds with you but let me ask you this if at if we see a deal done and it means that taxes will be raised on those that are -- in a million dollar class are -- -- would you vote for that.

I think if we close tax loopholes on the millionaires I think it's something that can be done.

I think raising up 5% tax on all people make -- over a million dollars would would.

-- such a small amount of -- it's not even worth talking about.

But it probably would it cost us jobs and actually raise the unemployment rate I'm not willing.

To do that.

-- -- senator Roger -- Republican for Mississippi senator thank you very much we're all watching and waiting what is happening at the White House.

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