Also in this playlist...
This transcript is automatically generated
All right our top story tonight will Republicans keen.
In the fight over the fiscal -- we've got 48.
DEA's laughed before following awkward this careening over the edge of that cliff.
We are gonna pay a huge economic price for -- and now believe not some Republicans are calling for increased revenue.
Even higher taxes are all code words including what a Mitt Romney's former top advisors joining me now to find out why is Texas.
Looking congressman -- -- thank you so much for joining us tonight what -- you being -- what do you think is the answer to this problem well.
Whatever Mitt Romney's closest advisors say is probably not the answer and -- we have a referendum on that.
But gosh is that the answer is very very clear moonless.
That the the president's own people have said that he is said it repeatedly.
Everybody should pay their fair share about -- think we probably should set up a lot of poverty and below that contacts but.
This set up a flat tax if you Mike -- You pay more if you Michael as you play -- all I only have two deductions for mortgage interest and also for charitable deductions.
And the rest -- goes away.
Analyst Mike -- capital gains 15% closely -- 15%.
-- might go flat income taxes 15%.
I was like they get taxed 15% was Mike estate tax 15%.
You won't see the economy explode you'll see all -- congressman come -- let's use the president's own words everybody should pay their fair share I.
I flat -- I couldn't agree with you more it's a fantastic idea it will also never happened so what do you think it's that -- real police say that we -- come to one that's.
Well it is like that it wasn't tell Mitt Romney's no no I don't advisors are Republicans have to give -- and raise the marginal tax rate yes or no what do you think.
Well I know a lot of -- will not I can't speak for everybody better -- an awful lot of us.
Who simply will not because we know the damage.
There will be done in this economy the people that will lose their jobs there will lose their benefits that will lose their health insurance.
There are too many people were there will be -- so we really do not want to say this president hard anymore people as.
Yes -- is it worth going over the fiscal cliff is that better and then caving on this issue.
Well what we've seen.
In our negotiations over the last two years is an announcement -- four we entered.
The negotiations before we ever our leaders ever sit down the table.
That we're not going to go over the edge.
And therefore you give up your leverage before you ever sit down it's a question -- whether or not do we really believe with all our hearts.
-- of what this president wants to do is really gonna do damage to our economy are not.
And I believe it will it's already harmed people what he's done already what he wants to do more harm so you know Campbell -- I hear you but what you mean we -- -- -- this clip you think that they've shown their cards and at the other side will cave before we go over the class.
But -- -- the other side never has caved.
You know I mean -- that the Democrats you think they're gonna do you think that.
Rather than going over the Clinton will do something else -- you're saying you won't give in on marginal tax rates but you don't think we'll go over the cliff so what's the other option.
Well the other option is that there's somebody is gonna have to be willing to compromise.
And the other side is not been willing to do that at all and so the Republicans over the last two years of compromise every single time.
We gave them a CR in march of year and a half ago.
And it just continue to kick the can down the road on the debt ceiling.
We said we won't our leaders simply won't get up without reach an agreement -- won't leave the table without an agreement.
So we gave up our leverage before we ever -- -- but at some point.
We have to decide do we really believe what we've been saying do we really believe what our constituents sit up here.
-- -- -- -- -- They don't want lately and it's not congressman -- -- you're you're gonna die and that's not -- -- and not gonna give and a marginal tax rates well.
Yeah they're the Democrats well look I think we don't have to I think we get a hold them to their words I think -- leave -- message.
Of a flat tax across the board that's where would be willing to die.
I'm not going to die on the cross and -- and some rich person.
But what I'm willing to die on is across is that well -- Everyone in America to become rich and this president has destroyed that opportunity.
And our C brought back a flat tax will do that have -- I'm not going down defending the rich now -- -- you go down defending those.
Who do you give everybody in America changes to become rich that's what we want to -- what America's all about congressman thanks for coming we appreciate your time thank you.
Filter by section