This transcript is automatically generated
-- the skeleton.
If -- -- for a deal on the fiscal -- but congress still have to vote on it before this goes into effect let's bring in our panel of congressmen who have expertise and his -- -- South Carolina.
Tim -- -- -- Kansas and Dennis Kucinich.
Of Ohio and -- let's start with you because you're -- congress.
You've been kind of term limited by the voters here.
But you and I have dealt -- -- with these issues over the long -- I know that you're.
Generally in favor of what you would call a more fair -- -- -- but the top 3%.
Everybody earning 250000.
Dollars or more.
Pay about 60%.
Of all the federal income taxes that are paid.
3% paying 60%.
How much more -- do you think they should pay before it's fair.
Well the choices we are being given that there aren't the best choices time we'll tell you.
And we ought to be creating more tax payers will be talking about jobs in -- -- wellspring show they listen.
How how is it that we've avoided this discussion and -- -- talking about getting more money at people are working right now.
So you know you would there has to be some kind of a cut off about you know preserving the current tax cuts I oppose the bush tax cuts because I thought most of benefits for accelerated to the top.
We need a more fair tax system -- you know -- bottom line job creation wealth creation.
Get America back to -- get our economy moving again I this these -- nations we're doing right now I have nothing to do -- that.
And suddenly we're we're looking at putting off for a year -- the sequestration the actual cuts.
That would very much be a part of bringing down the deficit so do you congressman multi BUS said.
But there are certain feelings that you have where you would put them aside and say all right I'll give up on this if I can get.
Another harsh portion of this what would you say yes to that you would feel a little uncomfortable about that in that the spirit of compromise he would say okay.
Right and by the way what you've just said is the first I've heard about the sequester going away for a year I've heard.
Three months but that's the first I've heard about a year which would be very troublesome but the very -- -- -- yes what was -- like to see is something that's clean.
If we're gonna talk about tax rates -- that's where we are here in last couple of hours let's talk about tax rates.
Let's not add to all of this wish list of things the Democrats the president would like to see let's not add.
Additional stimulus let's not delay the sequestered if we're gonna focus on one thing that's focus on one thing.
And see we can at least agree on that so that what we're trying to figure out a way to get to yes but if this ends up being a Christmas tree bill.
On New Year's Eve -- I think it's gonna face a very difficult time in the house.
Tim yields can't your skeptic about the way things work in Washington -- -- Viagra clear your your kind of knew -- -- guess but the fact is is that some people are so skeptical about what's happening that they're saying the president wants us to go over the fiscal -- because.
That way taxes will go up for everybody.
And -- commanders say OK I want to have the Obama tax cuts for the middle class no more what we hear about the bush tax cuts from now on Monday will be the Obama.
Middle class tax cuts you believe that.
-- -- Don't forget Obama signed an extension of these very tax cuts as two years ago and -- -- you don't raise taxes and mental recession.
We estimate that a million small businesses will see their taxes go up and I can't find -- single small business -- this is if you raise my taxes I'm gonna hire more people.
We should be talking about growth and opportunity here but -- three strikes against the plan as I see it it's gonna raise taxes.
It possibly is gonna put off any spending cuts and that's gonna ignore -- finance -- question do you think yeah president used as a political tactic wants to -- -- the fiscal cliff.
So that he can come in as a tax cutter.
I think he does I think he he wants more revenue whether he wants -- Cut those taxes when he's done but when you're on and one point three trillion dollar deficits.
You gotta have more revenue if you gonna -- that -- yes so I don't get why is it up.