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Former Minnesota Gov. Tim Pawlenty on the administration’s efforts to avoid the fiscal cliff.
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Former Minnesota governor to the -- now -- -- services roundtable president CEO.
Governor com.
Maybe Charlie and I were over reading the president's remarks but I clearly heard the end and then -- them and talking -- -- today.
It's a rate hike or nothing what do you make of that.
Well -- it's so early in the discussions yet and everybody has to put out their first marker in the negotiations it's very concerning because the time clock is ticking.
But I hope the president was as signaling a marker in the negotiate -- -- it was like you know government I don't he loves that -- is well he you know why because people don't the after veggie garden -- -- Charlie -- They feel that they look like they ran away from Republicans with -- -- -- -- -- two years ago by agreeing to extend the bush tax rates.
And now that he's won reelection bid are gonna do that this is not gonna -- it.
Well what people say in November we'll see what happens when that deadline gets closer sometimes it takes a deadline to force people to make a mover too but let's look we want a constructive bipartisan -- -- the solution.
And the Republicans have said they're willing to put revenues on the table.
They are not talking about rate increases are talking about deductions credits.
Exemptions limitations.
Being eliminated or or reduced.
And the president has signaled he's willing to at least open the door -- entitlement so there's at least some contours there -- -- you both parties could potentially live.
And right now I I hope they're just posturing and I'll get down to the serious business of finding a common point where they can get a deal done.
Well you know you think about it governor that the common point on some of these big picture issues as a next year -- right I mean now we've got to be something to get us through December 31.
And therein lies the rob Wright a president who really is sticking.
To you know he might be open monitors -- really sticking to this tax hike and that's a non negotiable point do you believe him when he says.
There is no realistic way.
To raise the amount of money you can -- -- taxes -- returning to Bill Clinton rates.
With deductions closing loopholes that sort of think that the money just isn't there as there would be -- -- zap them but returning back to the ninety's.
Well course it depends in part on how fire willing to go with limiting -- reducing or eliminating deductions credits and exemptions.
I think I heard in the clip though that you -- -- that the president said it would be difficult to do I don't think he said it would be impossible or that.
It's announced -- -- -- -- last guy governor and I admire that but I I didn't get the same hope provides but maybe you did right.
Well the other -- we're right on we're working with -- in financial services roundtable on our position is.
If you can't get a deal by the end of December and we hope that you can at least have the good sense and good judgment to do a temporary extension so you can buy yourself a little time to do the longer term are more structural fix if you need more time to do that so at the very least they have the last ditch ability did to have an extension to buy themselves a little more time it's not ideal.
But it may be necessary and it may be prudent under the circumstances.
Governor thank you very very much temple any financial services roundtable.
CEO of about we will.
