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New search for middle ground as nation nears fiscal cliff

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    Obama fundraiser R. Donahue Peebles weighs in

  • Duration 5:17
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What do you get when you have one of the president's biggest backers saying this.

How did we get to -- this -- -- 47% pay no income taxes federal entities.

It's not the problem there's no question we have to broaden the base I could never have an argument to say to you we should not be broadening the base.

And then went -- governor Romney's biggest -- saying mass.

I think.

The more successful people of our society will probably place.

Slightly more in the way of taxes I think it's just fine so you Charles -- will end up paying more under Romney I probably wouldn't and I mean -- -- -- -- -- Perfectly fine if we can get this country turned around.

All right so I'd I'd take a closer to striking a deadly over the nation that's my sideline here -- to -- to bridge the divide in this country.

Just on people's agreed not that I'm up to that test.

But landed here is a bridge in here and and both of these guys might has -- it into different when it.

And simplify the tax code they might live with paying more.

I think -- -- what we're hearing to simplify the tax code but also that -- rotten at the economy rise for rising tide cures all on board.

None of us will have a problem paying a higher tax.

-- or more taxes -- we're making more money in the economy is moving along I think the frustrating part certainly from where I sit.

-- having a discussion about raising taxes at all.

At a time of economic and security and economic turmoil.

So right now would be the wrong time to raise taxes I do think a more simplified.

Tax code.

Would be more effective in terms of stimulating business activity because I can't even figure out when we look -- real estate deals what the various tax benefits.

Or tax consequences are.

You know you're going as far as I know -- my -- -- It is -- just -- -- coming back so what the debt commission recommended in the first place simple by the tax and get rid of special allowances breaks senator.

And we're well on our way and now you have to do different guys I'll be different vantage points who seem to be handing.

Yeah I think -- that's where I think that's where we're headed and I think that's -- in terms of business people.

I think it's almost bipartisan.

I don't think do business people on the democratic about a -- don't flip over your guys because they say that he doesn't get them.

Now you obviously backed strongly the president.

Even with your reservations about hiking taxes.

On the well to do you argue now's not the time but -- all of that we that we would all that done you still support him why.

Well the president's been a champion of small businesses to the degree that he's.

Been able to -- just taxes and reduce taxes eighteen times for us -- -- to talk to small businesses know that they never know with delegates each time.

They don't see it.

It's there where -- it's there in terms of their dates ain't easy throwing your credit that I don't take advantage of is that a tax cut.

And an aim and by the -- they.

Did their taxes are going -- -- -- so unpopular with them as a group.

I think there's.

I don't think he's that -- popular with small business owners I think he's much a little dressing as I had no accident I don't understand when I had them on in the small business surveys that are out.

They're not dance -- It did not that I -- but they're not -- for the discussion on taxes and I think the the Health Care Reform I think those two elements there put a heavy burden.

On businesses and also businesses don't understand what the rules are so how can.

Businesses go out here competing get jobs on this and the reality is those talking their come from we have one of our staff meetings the other day and we were joking around about politics.

And I -- what are you all think you're gonna happen here if our taxes go up at my taxes go up you know a million dollars because -- pay.

Even at the skill of our company I still -- individual level because almost all of our incomes from LC's.

And subchapter S corporations so I asked him what do you think's gonna happen and we dropped a million dollars they started putting each -- -- -- Daniels an elusive job or -- some sort of gonna lose his job were bears lose his job sort of gonna lose your job but they got it they understood that the company still gonna have to have the capital to invest.

And but eleven let's tabloid web left capital unless capital right but to make up for weapons -- jobs rather -- we can continue -- I -- so much sense in a minute.

The -- ages meet with the president say.

Here's my thoughts boom boom boom here's -- I think that's damaging here's -- I think it's creating ill will.

You make -- Nazis he might have bright cerebral fellow.

Just just let him know.

While but the president's advisors know some of my position they're not hearing -- -- I saw the president last night I thought the rhetoric and the issue about.

Bomb attack -- taxing the wealthy and burdening the wealthy with -- so that's he talks about -- but not as aggressively.

So either he's done it he relived reelected he's cool it.

I think that he would I don't think that there would be a congress that would get elected not I'm not an accident that he would personally -- that he doesn't really mean.

I think he means it I think he's gonna governance to different of -- running for office in governing isn't it.

So you think you might drop the whole thing if he gets elected no I think he would double down on -- I don't think he'll -- -- -- who trotted -- US says he's gonna do.

Don -- was pleases and thank you very much.

It anytime you think this is that it --

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