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GOP softening anti-tax stance?

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    South Carolina Congressman Tim Scott explains

  • Duration 3:40
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Well summer may be heating up a new reports are that the Giambi could be cooling it with their anti tax led to check out these headlines -- It's also its anti tax rhetoric cracks in the at a tax walls so Republicans about -- -- -- -- while not itself.

Since god has anything to do -- it agency right now congressman good to have you.

They -- good you have with your -- -- tax debate is going to be a serious debate as we head into tax again.

During the lame duck session looks like.

-- that -- accessible have to take up against the expiration of -- Tax rates the bush tax rates the payroll tax -- so -- -- that expire at the end of the year.

But there does seem to be something to this argument that some of your colleagues congressman.

Are getting antsy about it and and don't want to.

Even think about it right now what what's going on.

It -- no doubt that some some folks seem to be at least somewhat interested in having -- -- conversation about revenue increases.

I would not be in that minority in the conference I think there's no doubt that.

We look at January 2013.

Obama care.

Brings with it.

And a half a trillion dollars of new taxes so you're looking for new tax revenues look no further than Obama -- look no further than January 2013.

And that's -- tomorrow's conference is so important that we bring the job creators to DC and have a serious conversation.

About what we can do to move this economy forward as a team -- just common common ground between Republicans and Democrats on the corporate tax rate.

I hope that we can find common ground on repatriation.

And move this conversation forward.

Because tax increases are coming it's inevitable was -- in the last congress and now we have to find a way to stimulate revitalize our economy.

All right -- you just said that.

They weren't going to be coming you're you're you're now seem to resign yourself that there are coming with accidents.

We'll know them some would say and that there's no doubt that sort of in January 2013.

A lot of -- unless there is something already got -- Yeah now as a civilian court does something understood -- -- this this revitalizing American conference that the -- you're leaving with some business leaders of the tonight.

There are many of those same leaders are who who say.

Pop -- they're not fans of hiking taxes but that they say in balance.

If it most of which are offering spending cuts and they could live with it -- other words that -- -- -- -- -- -- much more spending cuts -- doing away with allowances and credits that would have effectively.

Raise some folks taxes but in the name of simpler.

Clean air on government did before that.

Or any of those guys going to your company.

Yeah I think so we we certainly have a good cross section of the business community coming we certainly have the CEO.

Honeywell beta code you'll probably there we have -- CEO -- dole and a host of other folks like do you walk the founder priceline.com.

I'm not just Steve Forbes will be on that page is our lunch speaker tomorrow.

We certainly have a cross section of the business community both Republicans and Democrats and I've actually invited my friends on the left.

As all of my good friends of the Republican conference will all be intense that a lunch tomorrow as -- -- all -- seminar will give folks an opportunity to have this conversation.

I do believe that we have found common ground and lower and incorporate the question is do we have.

The courage to move forward and address the loopholes and other things that may be necessary for us to get to achieve a lower rate.

At the end of the day I would not personally support.

Any new tax increases.

Our constant good luck with the conference they have much to stuff.

Okay coming up.

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