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Status Quo Changes in Washington

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  • Description

    FBN's Rich Edson on Democrats holding all power now on the issues critical to business.

  • Duration 2:07
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Thanks Jamie Colby OK so.

While many leaders in Washington remained in their positions status quo has changed -- now the Democrats hold all the power.

-- today having -- you rich ethnic Russians with Margaret.

Its -- when it's -- gave us the same basic power structure the president Obama's reelection and Democrats holding of the senate has given them the power to influence.

Major fiscal legislation health care law is staying and on taxes all the president has to do was wait.

Allow tax rates to increase across the board.

And then offer everyone a tax cut except wealthier taxpayers.

Come January senator Patty Murray she floated that very idea few months ago when she says I do think the election.

Was a mandate for a democratic agenda that focuses on the middle class.

For Democrats that's -- tax increases on wealthier Americans to pay for other spending Republicans say they are willing to deal.

Within reason.

We need to be hung up on creating jobs and that's what Republicans want to do.

Will we compromise on had to do that yes we will.

But we will not compromise on the things that or about jobs and job creation.

-- Democrats and Republicans are detailing their opening positions for Republicans.

They say they'll discuss increased tax revenue if it comes from an overhaul of the tax code.

-- senior democratic leadership aide tells Fox Business Democrats are drawing no lines on the -- yet.

The -- says they -- -- get as much done as possible.

On debt and deficits back to you so rich.

He played -- the sound of B.

The report represented -- willing to to deal within reason so is their renewed sense of bipartisanship going on what's your sense.

Well I think there's a new sense that Republicans didn't capture the senate.

And the White House in -- understand at some point they're gonna have to talk revenue house speaker John Boehner came to the podium yesterday on prompted.

And said the word revenues so they're going to have to get -- the question now becomes.

How are they going to get it where is it going to come from in the tax reform process.

And those details details are what we're far out from right now so hoping for a kinder more gentle congress -- -- -- -- -- -- at this point.

I think so -- hate.

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