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Will Republicans Leave Room for Compromise?

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    Senator Roger Wicker, (R-Miss.), says there's room for compromise between Democrats and Republicans on the fiscal cliff.

  • Duration 4:23
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Well those labor leaders love President Obama up but can -- bring -- -- leaders into the tent when he meets the CEOs tomorrow and perhaps more importantly.

-- get Republicans to compromise Republican senator and minority with -- Roger Wicker of Mississippi joins us from the capitol.

Thank you for being with -- senator -- President Obama says his reelection mean broad enough tax the rich.

Democrats seven Republicans say they're holding on to the house means that we're not gonna raise taxes on any what are you two sides get a blow this and let the -- happen.

I hope not and that certainly there's room for -- compromise.

But -- -- -- don't think the labor leaders are gonna get it everything.

They want today I'm sure it's a sort of -- -- celebration.

But the the voters in their wisdom have given us.

Divided government again a democratic president -- democratic senate and a Republican house Republican speaker so weather's gonna have to be some give and take and I think they're.

Is -- solution out there.

What is more important to Republicans.

Avoiding the fiscal cliff.

Or avoiding a tax increase on people who earn over 250 K year.

Well I think what's most important to us is not causing a recession at this very precarious.

Point in our nation's history.

If we do what the labor leaders were suggesting today at the White House.

There's -- we're gonna have we're gonna go back into a double dip recession so we we.

We're down about right below 8% unemployment right now.

Unless -- -- to do it is send it right back up you know what I wish the president would do tomorrow.

-- -- of talking to CEOs from big business is bringing in some small business leaders the people that take risks the people have to go to the bank.

And borrow money and create jobs.

The way we do it in America the small business slowly ought to be talking of them.

What is the percentage chance that we get an accord between Democrats and Republicans without going off the cliff what percentage chance you -- it's -- I think we have a 77%.

Attributes about it but it's -- following US.

We've -- for a person I think it's way.

Way more than 5050 that's the point why is that we're we're at the election is over.

We've got a country to run.

We have different view points.

But there is a solution out there and and I hope the president will show some leadership bomb making his proposal.

All right now and avoiding that this who clip of the spending cuts that there's -- 600 billion dollar of tax hikes and spending cuts that comment exactly right away.

Are you guys trying to pick different spending cuts are you guys trying to wipe out spending cuts at all -- don't we need to cut spending.

-- you're you're you're right we we need to pick different spending cuts we don't need to go back.

Two to those higher spending caps.

And and frankly if you looked at what the House of Representatives.

Did.

Back in in the mid.

2012.

-- they.

They found a -- way to achieve the same budget savings and prevent these harsh defense.

Across the board cuts so I think that's one place to look.

As a starting point for negotiations between.

The speaker and the president -- -- -- All right now in the Obama era our government spending over a trillion dollars more every year than they raised through taxes through tax revenues.

And those bush tax cuts on the -- eighty billion dollars of that -- like eighty dollars on a thousand so why is the president so obsessed with it and why -- Republican -- obsessed.

With keeping it.

Well do the reason that -- we object to raising tax rates is that it will cost us jobs and is pure and simple.

We we're we don't -- -- tonight well wondering about.

People that make half a million and million dollars -- years -- the results of the tax cuts which will mean.

Fewer jobs -- jobs created fewer risks taken these these business people don't -- To create jobs we want to encourage them to do that lesson we need to do is throw this country.

Back in into an era of high on a -- -- of the jobs were worried about the effect.

Of tax rates.

All right -- appreciate her hopeful take products that are -- -- thanks for being with us just seems like one -- out of gonna have to -- sooner or later thank you sir.

I think they'll be partial blinking about so there you go I bet that the total bipartisan -- -- got a little bit of bipartisanship that.