You're watching...

Compromise on Taxes Key to Fiscal Cliff Deal?

Details

  • Description

    Former Sen. Ted Kaufman, (D-Del.), on what is needed to reach a deal to avoid the fiscal cliff.

  • Duration 2:58
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

So former democratic senator Ted Kaufman expects -- arrested over the -- -- 2013 and he's urging congress to push for a plan to save a whopping four trillion dollars in the next ten years.

Let's bring in former senator confident.

Delaware he joins us now from -- Linkedin.

Before you get to that I wanna ask you -- your take -- someone that has been there and from hero to us.

We are getting very frustrated it looks like there is no progress going on that we're gonna go flying over this clip -- what.

Isn't really going on Monday are they getting closer behind closed doors and we just don't know -- Well most of what -- the basic problem we have is -- Washington -- that's what -- remarks aside and that's apartment in say the problem as the country is very very split.

And there are bunch of Republicans in the house that actually believed to the -- being under no circumstances have we ever increase taxes.

And until that is dealt with there's no way you're gonna get that -- to sit down and say Willer we're just gonna cut spending and we're not gonna cut taxes and I think.

What speaker Boehner did just showed how.

How recalcitrant or enact other Republicans in the house are gonna be they would not even -- -- senator all right I -- now -- -- -- -- everybody comes out today and they say we're gonna raise taxes -- everybody that makes more than 200 -- thousand dollars -- is doing get out of the way.

Run the government for eight days the last year for every don't -- government less and less than two dollars went out.

There is so much that needs to be warm there is such spending that needs to be cut this is a drop in the -- -- hanging our hat on an issue that doesn't get up close just a -- Melissa whatever you sit down and do a deal become of the table and say here's what I -- -- here's what I'm not.

Here for four years -- -- the Democrats have said look we're won't negotiate on spending but you've got to do something.

On on taxes and this what this last thing that -- of that plan -- banner that was turned out.

The American people get it you may not get -- some -- Wall Street may not get it the American people -- that they want -- What is that I don't get exactly tell me exactly what I don't get because I -- it and I can't not -- -- didn't -- -- -- let's I don't know that.

You gotta have the house -- represented -- got to say under some circumstances that they will vote to increase.

Taxes and that's the only way this is gonna happen.

And the reason we're sitting here is because for the first time the president has some control over this because what I predict is gonna happen in my column are a common -- -- news journal.

Every sunny afternoon for a while back that this is gonna we're gonna go over the fiscal cliff because after we crossed over the fiscal -- Melissa.

Then no one we'll have to vote for a tax increase what will happen as the bush tax cuts.

We'll all be eliminated and then what will happen on trust me.

They'll be a vote on the floor to pass everything except the top 2% the bill is basically pass the senate last July.

-- brother house all the house Republicans -- vote for because it's not a tax increase so.