Boehner signals all options on table, including new revenues
Former debt commission co-chair Alan Simpson reacts
- Duration 5:53
- Date Nov 7, 2012
Former debt commission co-chair Alan Simpson reacts
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Oh well the election concluding the fiscal cliff looming and today today what could be the first signs.
Republicans are -- house speaker John Boehner saying moments ago.
That all options including tax hikes could be on the table listen to.
Because the American people expect us to find common ground -- -- into what's up some additional revenues via tax reform.
We're willing to accept -- revenue under the right conditions.
-- did you hear that.
What are those conditions to former debt commission co chair Alan Simpson who joins me on the phone senator I think that was.
But it even though a lot of your listeners today herculean leap.
Toward progress when John Boehner saying all right I'll throw it out there -- opened -- what do you think.
Well -- all of those.
Revenue through tax reform.
So he's he's gotten the message which is go into those tax expenditures.
Where they -- not found one pretty him.
100 billion of those babies over a hundred media -- only goal 20% of the American people use 80% up.
You know it's funny 7% of the American people itemize so -- walk them around business stuff.
If the guys -- -- the money guys are concerned.
Then let's do what we suggest that go in there and be a -- revenue by doing tax reform and then both of the steady rate of you know he spent seven B Brandon.
When we get but anyway it's good beer and talk and there'll be a great expansive.
I heard them for the Braves the dancing would -- can't -- look like Brett despair on steroids.
Well you know I -- Sergei in.
Did you Rodgers had a duel that backwards number but like it did -- -- reveal.
You -- eating -- But here's what I caught and -- maybe I'm over -- You missed -- because.
None of -- -- listed as a part of editing sleeps.
It could be just incoherence coming through but I'll take a senator when I heard him raise the loophole issue and all this other stuff.
That was verboten among the Tea Party years of the rest.
You even if you wanted to close a loophole get rid of a credit even though very few.
Would have been able to take advantage of that and it meant that someone should be -- -- weren't paying taxes or those who could pay more in taxes weren't paying them.
Because it would benefit a select few.
And and he's now saying I'm open to closing that down.
-- -- -- -- current fed said that's attack site he is now saying I don't care what you call it it is it is a negotiating.
What do you -- Well I do and I think feel and -- breeders say what he says but but remember.
To what we were just always urged Spain to read in the market we -- -- not today.
Was because they just simply couldn't believe that the congress could be so stupid.
As to let this goal of the fiscal clip because they've built they have -- -- draws on the sharks -- -- that do this request there.
But all they have to do is they plan.
If they can get a plan signed by Democrats Republicans kick and have ended July 4 when he thirteen or whatever just that -- -- that says.
Here's what two parties have agreed to do that announcement that would have a positive -- Well let me let me stop you -- senator you're gonna have to have more -- a promise that you've got -- plan today and address it seriously.
Down the road right it's got to be part of -- -- iron clad deal we're gonna stand us.
With the proviso being that when we.
When we conclude -- -- we've got whatever it is next year up firm deal to get this puppy under control.
I agree but it's got to be signed by -- that the leaders the leaders of both parties in the people.
-- I've been -- my friend is where where one Elizabeth something Harry Reid.
Said today about the consequence.
Of this elections and Harry Reid earlier.
I want to work together.
But I had I want everyone to also understand he can't push us around.
That but hey if there'll -- somebody a little push them around it won't be Democrats or Republicans really but it'll be a market that's examiner I must be even a couple prized by the Bulgarian going to be able to fight off the market -- -- You guys you're addicted to spending you're addicted to borrowing and here we are now we're gonna -- him more money in the interest rates are gonna go up and inflation will kick -- -- And interest rates -- go -- and guess who gets hurt.
The little guy that Perry and all the rest of all the rest talk of.
That's does that Iraq and -- I'll take another thing the markets are everyone thinks so this is are red crowd I think there I've always argue with the -- they're not red or blue they're just.
They're just -- they're greedy greed and god bless and port and they see both sides both parties screwing this up mightily.
You have better things seem to be telling him is you better get a handle on this guy's or this country's going down Moody's is already threatening another downgrade.
You've got others not questioning the stability of the dollar going forward cited today looking at alternative US investments.
This is the world telling us you guys are looking like a joke we don't care who's in charge we blame both parties right.
Well belligerence and -- do licked it bit.
And somebody's gotta pretend this real life.
That the word compromise does not mean your equipment if there compromised an issue without compromising yourself you shouldn't be in congress you should never get married.
-- -- Alan I don't think I could top that my friend senator Alan Simpson on a historic day on thing just.
On all these subliminal -- -- folks that would address something.
The good senator was trying to do.
More than a year ago -- Erskine Bowles to try to at least recognize the obvious that both sides have to get -- the markets might have precipitated this today.