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The 11th Hour Fiscal Cliff Talks

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    Sen. John Hoeven, (R-ND), on the last-minute negotiations to avoid the fiscal cliff.

  • Duration 4:14
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This transcript is automatically generated

Why does it always seemed to come down to the wire.

Republican senator John -- of North Dakota joins us now from Capitol -- sir we appreciate your being with -- -- -- on Fox Business just the other day.

Are we going to have a deal or as some people are saying.

Do both sides really want us to go over the cliff because it's much easier to restore spending cuts and to cut taxes -- to avert the Clinton.

Bottom -- in that camp that you -- just keep pushing and that's where I'm coming from nowadays you said the president.

And the leadership of the congress we'll have a meeting today at 3 o'clock so by floor dot com -- we'll have a better idea.

As to whether or not they've come up with something but regardless.

For myself and I think a lot of the senators and members of congress.

We're just gonna keep portion because we've got to come together and get people do agree on some kind of package.

So are you hearing anything from the White House side the other day -- Scott Brown the senator from Massachusetts who will be leaving in the new congress but.

He was saying -- deal was coming from the White House are you hearing any idea of what this might look like perhaps a scaled down deal from President Obama.

Yeah I believe we need a big deal but.

The more likely possibility at this point as it did it's really focused on a tax deal.

Where they come up with us some number between what's speaker Boehner and President Obama talked about.

That they address some things like Alternative Minimum Tax made -- S state tax.

And put together a deal that we either try to pass before the end of the year or get agreement.

Not to come back right after the first of the year and actually pass it through both houses.

So let's look at I think the numbers -- something like the president at -- point it said he'd be willing to raise his bottom line from raising taxes on people earning.

200000 -- 250000 for married couples to 400000.

If that's the deal.

Can you guys -- the men and women AA and our political leadership pass something before midnight January December 30 month.

Well I think so I mean and you're going exactly the right direction if you take what's been put on the table you've got.

The senate bill you've got the house bill and you've got what president.

Obama and speaker Boehner talked about somewhere in the middle I think is a deal that we could pass before year end and as you say it -- and that.

400000 to 500000 range but then -- has to be a commitment.

Any revenue generated goes to savings not more spending and so that's the other part of the equation I think the president really has to step up on.

In order to get a deal.

But senator we -- going to have a guest on during this hour who's -- point out that nobody Republican Democrat president or congress going all the way back to the mid 1950s.

Has ever cut government spending we have -- continued -- ad spending every year in both parties guilty.

Why should that change why should anyone watching us right now believe that anybody in Washington is going to be fiscally responsible.

Adam I mean that's the right question and that's -- -- just a minute ago we need a big deal if we end up with -- smaller deal.

Then remember we have got to go to the debt ceiling discussion and some of these other trigger points.

And make sure that we get the savings and the entitlement reform and the things we need.

To get this deficit and debt under control it's about getting the economy on track.

And also -- the deficit -- Dear colleagues let me ask you this so I know you are a moderate you are highly popular in your state of North Dakota and you have compromised with both sides on these issues.

But the vast majority of the American public is looking at congress all of you with the house representatives and the senate.

And they're looking at you guys we've discussed is that coming across in the halls of the capitol -- the people there.

Understand.

What the people out -- the 310 million of us are considering when we think about our political leadership.

I think that is absolutely what's pushing the negotiation why we have to stay at it as they sent -- -- -- I mean that can't where we have to continue to push.

You tell you get the job done I'd like -- big deal -- we don't get to be a big deal as good as much as we can't and then continue to go after the things we're talking about the reforms in the savings.

That we need.

Senator John -- of North Dakota we appreciate your being with us here on Fox Business -- present.

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