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Pressure to Reach Budget Deal Intensifies

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  • Description

    Republicans draw line in sand over taxes

  • Duration 4:39
  • Date

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This transcript is automatically generated

-- all of our.

Deficit problems and our debt problems in a way that's fair and balance.

And that shares sacrifice.

So the we're not -- -- on the backs of the poor.

We're not.

Acts of those without a voice.

Or those who.

And aboard a lobbyist in Washington.

The president addressing supporters at a York city fund raiser that was last night this after a colossal collapse into debt talks.

During yesterday's America's Newsroom we first -- we told you about house majority leader Eric Cantor.

Pulling out of the discussions.

Soon after six minority whip Jon Kyl withdrew two and other senior Republicans they came out -- -- stop spending money that we don't know.

And since the beginning -- the majority leader -- myself.

Along with senator McConnell and senator Kyl have been clear -- sites are off the table it's mystifying really.

The eleventh hour somewhat now proposed tax hike through the condition.

To any agreement.

Republican senator Jeff Sessions of Alabama is the ranking member on the Senate Budget Committee and he is gracious enough to join us today thank you so much for joining us.

Thank you so why is it going to take to come to an agreement and -- in fact a collapse or a colossal collapse is there any going back.

It's today big change in what's been happening all the I column masters of the universe.

This thought that a small secret meeting could produce a settlement that would fix the problems and everybody would vote -- I don't think that's true.

The did the administration is proposing substantial tax increases.

While resisting spending decreases.

That is not realistic we -- in a situation we cannot continue we have to change like.

Your previous report about New Jersey we need leadership from the president.

We need leadership from the democratic majority in the senate.

To acknowledge that fundamental reforms have to be undertaken.

I was proud of the Republican leaders who said no.

We need -- I'd like to know what it was the White House was proposing.

If they're so proud of their plan let's say what kind of taxes they were proposing and what kind of modest spending reductions that they were willing to accept.

I think this is an unhealthy situation.

It's a dangerous situation we need to do something significant.

And time is running.

Show -- so what if what -- the Democrats agreed to take.

Tax hikes off the table Republicans have said that's off the table.

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