You're watching...
Sen. Ron Johnson, (R-Wis.), on efforts to reach a deal to avoid the fiscal cliff.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
-- shortly in the meantime.
From when unions go not to when politicians just go nowhere.
Another day closer to the -- my friends that no sign yet we're civil not headed toward that cliff god knows I tried.
Since is sort of bridge the gap guess -- -- was in Washington but.
Superhero not on only one guy.
-- that here's the problem both sides are still hurling insults at one another.
With little time to always forget about a deal done by the end of the year as you saw yesterday when I was in Washington realistic -- They have to cobble together at least the framework of a deal by Friday.
At the latest here's why it would take that long just to get something marked -- conference down and ultimately voted on.
And signed by the president -- states all my years then.
Wisconsin Republican senator Ron -- to be here to say so hard so I guess not so good -- senator.
What we are doing.
They're gonna problem -- is you have one side negotiating did say putting -- real polls on the table to solve our problems.
And -- the other side not negotiate in good faith.
Not putting real proposals your presence budget he'll spend his last two -- -- been -- around three times.
Find a -- easier to 610 so that's the real problem is you don't have.
Equal partners working good faith in this -- got Republicans who are working good faith in president who's not.
Well -- I know you who are Republican that's your point of view and I understand but.
But it it is fair to say that you're not without -- sides -- outs and I mean.
You haven't specified.
How you're gonna get those 800 billion in revenues.
So while you have a let's put somebody on the table where revenues are on the table but -- to be committed -- that it's not as if on -- you're going to great detail.
-- to -- -- we'll hear from from first colonial to them the houses actually past two budgets which included proposals to actually save Medicare which is the the largest.
Problem in terms of driving -- debt and deficit.
And the other that's the first point second point is that we don't want to harm economic growth and the other problem is -- Obama has been in office now for almost four years.
He is never concentrated on growing our economy which is the number one solution the problem what he's concentrated on his -- government.
He has no intention nor the Democrats in the senate.
To limit the rate of growth in government and is result they have no plan for doing so also you know he campaigned on this balanced approach just reduction.
His tax increase is only gonna solve about her fifth you don't well yeah yeah -- -- deficit.
Talking what's his and I think you're right -- the US I don't talking about obviously senator senator -- I know -- tacit deal about this and you've been consistent on this.
But we're beyond that I guess what I'm asking you is you feel very strongly about this a number of your Republican colleagues in the senate -- -- with a much added yesterday.
Marco Rubio with a much -- -- yesterday echoed your concerns so.
I get a sense for many the Republican Party revenues themselves.
Are -- are not acceptable is that right.
Don't revenues -- but the -- you get revenues were on the economy just a couple numbers.
Even with the meager economic growth growth we've had since 2009.
Federal revenues increased by 344.
Billion dollars we just return to a normal economy like we end 2007 when revenues eighteen Hampshire ever economy.
That's another over 400 billion dollars you combine that that 750 billion dollars per year of additional revenue vs the president's proposal.
Somewhere between 3475.
Billion dollars a tenth.
What economic growth.
Produces and let's face it might.
Punishing success by increasing taxes you gonna put at risk that economic growth.
So that does that not semi automatic you had a deal that revenues in -- whether they -- rate hikes are.
I don't know what this other idea closing loopholes -- -- exemptions allowances for the -- -- either one you'd be against.
-- I'm off for pro growth tax reform but what we actually need to see is a real plan proposal do do we know we're trying to compromise with.
And that's we're simply not getting out of this president.
That's what's required which we have to actually see in the should be debated in public this is absurd.
What's happening once again you got a couple of elected officials with their unelected staffs going behind closed doors trying to do backroom deal.
To what save the financial future American in the -- -- a couple weeks.
The senate should pass a budget we should have a budget resolution to committee should be -- -- the stuff debating these very serious issues we're -- and how rapidly this deadline on.
I -- -- -- what we need about.
All work -- be able to do here is because the president -- -- -- He holds all the cards he's the only man -- can sign a bill for preventing tax increases so.
We may have to do fault fallback position where we're just trying to minimize the damage I don't wanna -- complicit in raising any American's taxes -- -- harm economic growth.
That's good -- in the wrong direction.
Alright senator thank you very very much sudden it never -- shorthand on on that is we're not close we're not close at all mean.
