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Rep. Shelley Moore Capito, (R-WV), on efforts to reform the tax code and avoid the fiscal cliff.
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To Republican West Virginia congresswoman -- market peaked out on why would it at least in this argument is down.
Now the question because congressman whether you guys do -- -- Well that's a big question and I think a lot of it certainly will depend on what happens in the election.
But a lot of it is this intangible of what retiring members and and folks that are have been defeated what kind of -- they want to -- and.
On what ending -- session would do.
Speaker Boehner has already kind of -- What are on that -- that he is very low expectations was he being deliberately.
Oh absolutely I mean I think one thing the speaker is is always low key and I think US wants to douse expectations I think that's what he's doing.
I do think it's too big a stretch to say that we're going to be able to fix the fiscal cliff and do.
Tax reform all of the same time.
I what do you think -- -- dot congressman.
Here's what I could see happening Samir colleagues is -- to the some on the hour some off.
That -- you punt for six months that you delay the tough decisions whether Barack Obama is reelected.
Or -- Romney is for next year.
I think -- there is a very high likelihood that we extend the tax relief.
This tax.
That well the tax bush rates -- -- rates here every month for every one for a year.
For years while we do tax reform I do believe that -- happen -- the question because Barack Obama that would never buy that if you were white bottom last year.
You know.
-- -- -- -- Well we -- him to lead but we -- we don't need him to.
Throw cold water on what could be I think something -- we actually do get together I think the best time to get together is post presidential election.
And I think there will be a bigger appetite for -- -- To be an appetite for the more conservative members of your party can congressman.
To say closing loopholes and special breaks and allowances is an.
A tax -- for -- means they're they're gonna pay more taxes.
And that there might -- -- -- -- -- -- part of your democratic colleagues.
To wit slowing the growth of entitlements is not throwing granny off a cliff in other -- after the election.
Sort dogmatic bygones are -- It's.
Well if -- listened to what we're what's looming with the with the debt and deficit.
With.
You know as far as the eye can see I think we all realize that.
That a negotiated settlements gonna have to be reached here we do have a spending problem in Washington we know that we're cutting.
As much and an even will will cut even more but at some point I think go we're gonna realize that.
Revenues are gonna need to.
Sit to match.
-- it to come up a bit.
To match us somewhere and Nissan taxes -- -- -- I would think that if eliminating some of the loopholes and special interest where government is.
Forging good behavior and and punishing bad behavior does that we want to do to our tax code now I think.
That we could simplify it make it fair.
And by that we would get greater revenues and that's hundred net commission going to be you know and -- -- and I believe that to be true and I think there's enough of us.
But -- that we have to pony up you know get over ourselves.
And and -- the big problems.
In your gut you think that whatever you do were -- -- -- presumably does.
We won't be here December 31.
-- Brooks I certainly hope not I think that leads to -- we already have uncertainty that's all we hear this brings more uncertainty lack of faith.
Possible downgrade.
Well I don't think we can stomach that I don't think we should do it I think we.
We at least want to the next year and and figure out tax reform and a -- sense.
And deal with the debt deficit deal with the entitlements and continues better than nothing and -- -- very good point.
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