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Too Late to Avoid Going Over the Fiscal Cliff?

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    Rep. Tom Cole, (R-Okla.), on the fiscal cliff negotiations.

  • Duration 2:42
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Our except talks in Washington appear to be -- is going nowhere so is it too late to avoid going under this fiscal cliff.

Republican congressman Tom -- made waves by saying the house.

Should it passed tax cuts on milk income Americans and -- they should do it now.

He joins us now -- -- think should be with us you also -- said that we should let the tax cuts expire on the wealthiest 2%.

That's 250000 -- up that's not an -- in new York New Jersey.

Well that's actually -- -- what I century okay what I said was.

Let's take the parts of the deal we agree with I'm not for tax rates going up for anybody.

Let's continue to fight on that issue the speakers actually put forward a proposal that would keep tax rates.

Constantly generate additional revenue and that's what -- -- but look if I can get 80% of the bush tax.

-- this issue has that this does not work.

Well I'm also small business -- investors so look I couldn't agree more -- that basic thought by.

Again you sometimes make deals and pieces this is a place where we agree there's no need to fight over this.

They get off the table are real leverage by the way the spending cuts that began on January 2 the so called sequester.

And then ultimately the debt ceiling further down the -- So we can solve some of this now let's do it but let's keep working let's try to come to a much bigger settlement.

That involves much more in ways spending cuts and entitlement reform because those are the drivers of the budget problem that we have right now.

You know do you worry about going against leadership on this to mean we've already seen representative Tim that Tim -- camp -- still off the Budget Committee mean there's a lot of fighting among the ranks.

In the GOP right now.

-- -- -- -- -- -- Well -- look at -- my friend is negotiate a lot of tough deals over the years.

Every time -- had one he needed to vote I've been very supportive.

Don't know what will end up with now but that probably will be again so.

And he's never -- tried to keep me from speaking my mind my original device was offered privately you know -- of with meeting you guys are amazing and way you figure out what is what said privately that I'm not gonna back off what I said just because it's now public is opposed to private.

A lot and your standup guy for that congressman called thanks -- there.

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