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Pols Still Butting Heads On Fiscal Cliff

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    FNC’s Bret Baier on the continued debate over the fiscal cliff.

  • Duration 4:57
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Anything but Bret -- is the host of special report Fox News Channel he's with us now from.

From DC.

What's the analysis of that mean -- what's going on here.

-- and I don't think this is just public.

Pronouncements.

I don't think this is just.

Bluffing.

For the microphone I I do think that this is really where Republicans are.

In that they don't believe that the White House that the president has put forward.

Significant spending -- anywhere near want they would like to see him prior to.

Jumping off a point where they're going to.

-- raise any tax rates I mean if they get to that point which they're not saying there at that point but if they came off these strict.

Line that they weren't going to raise tax rates they've already got to the 800 billion dollar in revenue as we talked about many times by closing loopholes and and deductions.

But to go beyond that maybe get -- up 37%.

Instead of 39 point 6%.

On the top tier.

You would have to see some significant.

Significant changes to entitlements or significant spending cuts announcing that.

And I think there's a real frustration out there on Capitol Hill -- Republicans will point out.

It just incidentally that the president would gain about seventy billion dollars next year.

For the tax increases he wants on the wealthy about seventy billion dollars specifically next year.

That's roughly about the same the administration is requesting four -- sandy -- Right next six to.

Right -- never then zones 65 okay.

What that does put it in some perspective in addition idea what they're thinking but the question is what are they do about it in mean.

There are few interesting exchanges mean one was I don't know which reporter who was the microphone was a little below that is -- Why don't we do this every Christmas and why is this and it's always something another -- and that's one of the concerns we cover markets all the time it's like.

-- can these guys function emitted every year it's something and the pushing it to the end of the looks like it's gonna happen again.

But how the Republicans.

-- -- get out of this is the right phrase but what I don't I don't -- a few days ago maybe I did see it but now I don't see this end game at all how this thing wraps up.

I agree with you I mean you have a new poll out from Fox News polling that 65% of Americans believe that the federal government is broken.

82% of Republicans 71%.

Of independents believe the federal government is broken.

I think it's -- 47% of Democrats.

That's suggest that people don't trust how the federal government is spending their money once the federal government gets that money.

So you have inherent problem.

In the way the government is working period the fact that they have to come to a crisis situation for every major decision.

Is a big problem and that actually was -- program mar producer up on Capitol Hill who -- asking that question about.

Deadlines every time for a big decision.

But you're right and I don't see it yet I I agree with you I thought -- -- 5050 coming into this week.

I think it's 7030.

Now that we're going over the cliff.

And maybe even higher than that as you listen and you talk to people -- behind the scenes.

It's I know was -- -- -- nodding along the whole time thinking -- this is what regular people are thinking and then watching and saying -- you know every single time minute gets to be.

That's why you get that people get tired of it let's listen to -- speaker Boehner very quickly here on what he had to say about a spending cuts moments ago here's the speaker.

I've been pushing all year for us to address this problem.

But here we are at the eleventh hour and the president still is -- serious about -- -- this issue right here.

It's this issue.

Spending.

You don't want that that's actually when he had when he was the most animated -- I thought I was referring to a chart that Paul Ryan and I guess to put together that was next him but that was during the question.

When he turned and -- this issue its spending.

And earlier -- -- -- Welsh was in from recent magazine he thinks the speaker's job is on the line the speaker got the questions that now I'm not worried about my job but he's clearly under a lot of pressure to get.

To get more spending cuts and you don't know how he's gonna do.

Listen the bottom line Connell is that he has to get the votes he can make all kinds of deals he could say sure I agree to XY and Z.

Yes men you know count me and we we do this -- -- really gets 218 votes in the house chamber it's not.

A deal and it's not going to become law so if he can't convince the Republicans in that chamber.

That the deal is the right deal.

Then.

He's not going to be the leader of that chamber for very long that's one of the big gap political side source knowledge thanks -- as always -- -- Bret -- tonight 6 PM eastern Fox News Channel special report and.

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