Also in this playlist...
This transcript is automatically generated
It is clear -- to the president.
That I would put a trillion dollar total revenue -- the table if you're willing to put a trillion dollars.
I was spending reductions on the table.
That at this point.
It would be my version to a balanced approach.
Well not to be that -- bucks -- taxes its 200 day about more than speaker Boehner first -- -- the president.
What he's trying to prove of choruses that he's the one making offers not the president.
But it's the kind of offers the number one player in the house is making.
That has a very influential player in the senate -- North to go to Republican John -- says.
-- -- real concerns about this proposal senator welcome to you.
I guess first and foremost is the fact that right away.
He's he's propose revenues -- Well the reality is we need a four trillion dollar deal we need meaningful tax reform pro growth tax reform that gets our economy going and growing.
We need entitlement reform and we need to find real savings.
It needs to be on the order of four trillion dollars.
To get on top of the deficit and the debt and -- our economy back on -- That's what we should be doing.
The president is just not willing to engage in meaningful discussion of how we find the kind of savings and the kind of reforms we need.
To really get the job done so in other words you're not opposed to.
Revenues that a deal you just wanna see -- balanced out with spending cuts -- that -- -- Well what we understand they're asked to be revenues.
Speaker Boehner has offered to close loopholes and -- limit deductions.
And the real revenue comes from growth from economic growth of it isn't done right.
And your economy doesn't grow you don't gain in -- not only address that he's going more than that's the deductibility.
He is saying of those one million and up.
Back to the Clinton -- 39 point 6% rate would -- get -- right.
Well no I think what what he's trying to do now is -- that he's put revenue on the table.
And the president has got to engage on the savings side on controlling.
Spending and that's -- continuing to make offers.
And even as a plan B to put in front of -- house.
And you know obviously we're -- everything we can't avoid going over this fiscal -- But the president has got to engage on the spending side of the equation in on the reform side it's just not doing.
You know what I read candidates senators that this might be John -- -- saying.
If we go over this cliff.
It's not on my hands I offer proposals that go ahead and raise taxes.
Up against my better judgment and against my core.
Group of supporters being.
To try to secure a deal so that if we do it the -- and everything goes.
-- You can't blame it even.
Well that's why you're seeing the two pronged approach on the one -- he continues to make offers to the president to try to get some kind of meaningful reform and control of spending but at the same time he's also saying.
He's gonna put a -- -- from in front of the house that make sure that we don't have tax rates go up on anybody that makes under a million dollars -- is.
I think he's trying every way he -- to get a deal I -- I think there's a good chance he loses speakership for this to you.
Wow and I think at this point he is negotiating trying to get a deal and -- so we understand -- putting a lot of the more conservative members.
Particularly Tea Party members.
Museum did you what your thoughts well -- Not at this point I think he is trying to show that the president has got to engage in this negotiation and we're doing everything we can.
To avoid the fiscal plan and what -- -- just ignore if you look at your druthers senator what would that breakdown review accepted.
Revenues you were saying earlier through loopholes not permanent -- mouth -- -- what would you rate shall be free -- that would be acceptable.
-- remember back when speaker Boehner.
And and the president negotiated before it was a four trillion dollar deal with somewhere about 800 billion.
And all the speakers come back said there it is he's even gone beyond that time and so again -- -- President unless you've got a little bit it is three to one spending cuts -- writes this what is looking well at one to one best case scenario that cannot -- -- it.
But -- here's a key point remember revenue comes with economic growth and you'll get revenue not from higher taxes but.
What economic growth that's not factored into this equation which is why you -- when you do that racial keep that in mind senator important part of it.
Thank you very much its -- again.
Filter by section