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Will Democrats make good on 'fiscal cliff' threat?

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    Democrats open door to letting taxes rise in 2013 to reset debate with GOP

  • Duration 3:33
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Democrats on Capitol Hill appear to be ready to take a page from the godfather making Republicans and offer they can't refuse.

Either agree to raise taxes on the wealthy or the Democrats will let taxes go up for everybody.

Potentially sending the economy over a fiscal -- -- there is the anchor of special report so what's going on here we're getting this word from senator Patty Murray.

Who says okay if Republicans don't want to raise taxes on the wealthiest Americans will just.

Raise taxes on everybody.

Essentially using that January 1 deadline when all of those tax cuts expire the bush -- tax cuts is and dozens of other provisions.

Would go away thereby raising everyone's.

Tax rates the Democrats now in the form of senator Patty Murray the Democrat from Washington there's not just another senator talking she's also the number four.

In the senate democratic leadership and the head of the Democratic Senatorial Campaign Committee.

So this is really kind of the thought process in the caucus one would assume.

In a prepared speech today she'll lay out that if Republicans don't get off the dime on dealing on raising taxes for the wealthy.

The Democrats think it might be worthwhile.

To let all the tax cuts expire and then that after the first of the year.

Force Republicans hands and then they would be voting on what would be a tax -- Across the board.

And that's the only way she says that if Democrats don't negotiate they might have to go there I guess that comes from a senator who sounds pretty confident that that the senate is going to remain in democratic control after the first of the year.

-- has definitely and you know that is this is all let's just be clear about this this is all about the election and positioning and semantics remember that the president's proposal.

Is to have a one year extension.

Of the bush era tax cuts.

For those making 250000.

Dollars or less families making two and 50000 dollars -- Individuals 200000 or less and then raise taxes on -- -- else basically.

To keep what is in place.

41 more year for a middle class families this is different than what President Obama said back in 2010.

And he said raising taxes on anyone in a bad economy would be a bad idea what so.

That's the difference.

And that seems to be the consensus -- among you know most of the economists and people like that who have looked at this thing that that letting the bush tax cuts expire.

In this economy could potentially be catastrophic some Democrats are saying they're willing to do that.

Just in order to.

I guess -- have a second vote and make Republicans raise taxes on the wealthy.

Right and this is very similar John to the standing on principle that Republicans made in.

Raising the debt ceiling and all the back and forth about.

The the threatening of the economy based on that stand eventually Republicans backed down and did not play well for the Republican caucus in the house.

Whether this is this is Dicey politics no matter how you look at it but if Democrats are saying they're willing to go to this life.

A lot to see how it plays as we get closer and closer again this is all about semantics setting up for the November election.

More than it is about the lame duck session now it seems like a strange.

Policy make everybody unhappy and then blame Republicans but we will see if they get there and whether works.

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