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Tax battle looming following election?

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    Reaction to political dynamic ahead

  • Duration 3:53
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That's right let's talk about some of what John was just mentioning those exit poll results they come from interviews with voters as -- -- leaving the polling places on Election Day now to big things we are watching.

The critical voting bloc of women.

And the economy when asked who would better handle the economy governor Romney had the edge.

Fox exit polls showing he had 49%.

Of the vote compared with president Obama's 48%.

Among women fox exit polls show President Obama won the women's vote by -- bigger gap than governor Romney won the men's vote 55% of women.

Voting for President Obama 44%.

Backing governor Romney.

52%.

Of men voting for governor Romney 45%.

For President Obama.

Let's bring in Bob Cusack managing editor of the hill some some strange things happened in this election first of all that the the president reelected by.

Well I'm a wider margin than some thought especially in those -- states.

The senate gets more democratic and -- house gets more Republican.

-- have -- very stunning that.

Obama won basically all the battlegrounds other than.

North Carolina and you knew when North Carolina was not called early.

It was going to be a rough night for the GOP and other stunner.

That Democrats expanding their majority in the senate when they had to -- 23 seats to the Republicans ten.

Now John Boehner will remain speaker it looks like that that margin can be roughly the same maybe Democrats pick up this couple seats -- a lot of races still to be called.

But John Boehner is still the top Republican elected leader and he's gonna have to go against Harry Reid and -- Obama again.

To strike some type of deal on taxes and spend.

Yes and he has as some have put -- most difficult job in Washington now because he's got a substantial number of Tea Party supporters in his caucus.

Who are not going to be inclined to go along with tax increases but the president and and Harry Reid.

Are going to be pushing what they've been pushing throughout this election which is tax increases on high -- That's right and and -- Reid and Obama are gonna claim a mandate this this election was a lot about taxes and tax policy now John Boehner has said.

We will retain a house we're not gonna raise taxes -- there's going to be a lot of rank me a lot of leverage gains but -- Obama because he won a second term.

As a leverage advantage and member if nothing.

Is done all the taxes on the bush tax rates wolf go back to it to pre that 2001 loss so.

Right now John Boehner I think he's gonna have to leave his conference because in the last congress basically he -- They will leading him and and I think he needs to grab their trust and say you've got to trust me because when I make a deal I need you behind.

Whatever he strikes but that's going to be so hard because a lot of these -- play Republicans like we have to fight we can't.

We can't strike a deal this is the worst time to strike -- -- so John Boehner you know his job unbelievably just got harder.

So many questions being asked including how Republicans appealed to other.

Demographic groups going forward real quickly if we take a look at the age break down.

Of those who were voting young people eighteen to well 44.

Went largely for President Obama from 45 on up.

Especially in the 65 and up category they went for governor Romney I guess not a surprise.

But that's the way the country looks right now.

Now that's true and and and Republicans need to look at -- these stats they need to look at what -- -- on the use though especially let's Latino vote.

The remember Ron Paul never endorsed.

Governor Romney and Ron Paul had a lot of young supporters.

That hurt Romney so they're gonna have to expand.

There what how they're attracted to these different demographics because the those stats are troubling and it only gets worse and -- in as far as Latino growth and 4016 Texas could be a purple states you know while Bob Cusack from bill.

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