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Sen. John Barrasso (R-WY) on cutting spending and raising taxes as a part of the fiscal cliff talks.
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Write some more and more Republicans hinting they may be willing to -- on tax increases in order to avoid the fiscal cliff.
So as the -- -- turning on Capitol Hill joining us with more on all of this senator John Barrasso of Wyoming.
Senator thank you for taking the time have you with us you know the lot -- News today about how many Republicans who had one sign over north risks.
-- vote for no tax increases now kind of turning on the tides a little you never signed that petition that -- how come.
Well I'll tell you -- I've never signed that pledge but I do believe that the solution is to not raise taxes but it's rather to cut spending.
That's really what would be the courageous political act to say we cannot continue to spend.
Money in this country the way we haven't opened a new poll out today says that.
People believe that if taxes -- -- what's gonna happen as the government -- gonna spend more money they're not gonna use it.
To pay off -- that the debt or to lower the deficit.
You instead though -- -- cut cap and balance.
Approach.
We're not even really hearing much talk about that are we we're really just talking and raising taxes -- not hear anything about entitlements how come.
Well I was one of the co sponsors of the cut cap and balance which actually involved.
Balancing the budget families do that I was in Wyoming.
Over the weekend and you know families.
Balance their budgets are state by law has to balance its budget every year I think we should have a constitutional amendment.
To balance the budget in the United States because we have a sixteen trillion dollar debt.
You can't stay strong and independent nation if you continue to have that kind -- debt to another nation.
Specifically the amount of money that we're borrowing from China we have to get our financial house.
In order and I think that the elections are over.
People ought to put away their talking points and it's time for the president to actually lead to offer proposals.
And to come up with the real solution that addresses the the long term.
But problems that we're facing with these entitlements with Medicare with Social Security those are the two tidal waves that are coming -- -- when he says.
Do the arithmetic that's where the big numbers are Tracy.
Agreed we've 35 days though and someone has to give somewhere and taxes are going to come up.
Where are you willing to give a little as far as tax reform goes because.
We're not gonna see and you internal revenue code before the end of the year so we have to work with what we have where where can you -- budget little.
Well we've actually had a couple of dry runs at this in the past couple of years it's time now for people to get together.
And do the major.
Solving of the problem.
Which is deal with entitlements deal with -- here deal associate and look at this this health care law the president's health care law that should be on the table as well.
The amount of money that's going to be put forward isn't in terms of money for people with incomes of up to 90000 dollars a year at a time when -- this kind of debt.
This country cannot afford that we can afford that we can't continue to put this sort of -- a burden on the hardworking families of America.
Three point 8% on investment income is a killer to act quickly I have like ten seconds I know you also sponsored a bill to get.
The keystone XL pipeline going again where do we stand on that.
Eighteen -- nine Republicans nine Democrats also a letter to the president saying approve the pipeline.
It's jobs it's energy security and it's additional tax revenue for the United States.
Certainly would help senator John -- thank you for taking the time I know you're busy down there -- think interest.
-- coming up a major development in the fight to stop Obama care how the Supreme Court.
Kinda gave new life to a little known legal challenge -- and talk about that next.
But first -- take a look at some of today's winners and losers as we head out to break.
