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Inside effort to avoid 'fiscal cliff'

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    Debate over tax reform battle

  • Duration 5:24
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So new efforts now on the hammering out of a deal to the debt the US a wave from the edge of the so called fiscal cliff President Obama.

Says he will push to raise taxes on the wealthy.

But he's open to alternatives just as long as the middle class does not get hurt.

House speaker John Boehner seems optimistic about these negotiations.

We can all imagine the -- we're we're going -- some fiscal fourth.

If if despite the election if despite.

Dangers of going over the fiscal cliff.

And and what that means for our economy.

That there's.

Too much.

-- us.

In congress that we can't even agree on your middle class families tax -- -- Middle class families are all gonna end up having a big tax -- There are no.

A bit barriers here.

To sitting down and -- -- -- to work through this process.

I don't think anyone.

On Yugoslavia -- under estimates of difficulty.

Of the faces us.

But I do think that the spirit of cooperation that you've seen.

Over the last week.

From.

A myself of my team.

Well from Democrats across the -- from the president.

Have created an atmosphere where I think that.

-- remain optimistic.

I was -- glass half full.

I have -- measure would be here.

And so let's get to it how close our way to the edge of that fiscal cliff Marjorie Clifton is a former consultant to the Obama campaign and a principal with -- consulting.

And -- -- allow on Fox News political analysts will have a fair and balanced debate about all is Marjorie I thought the president said in one of those final debates that we weren't gonna.

Have this fiscal -- problem.

That's what he promised in the debate some -- that's not gonna happen.

Now he's saying.

It could happen if congress doesn't go along.

Well his his mandate was that I will help to work across the album make -- happen not -- have to look back.

To win this deal was cut this was seen as the most ludicrous possible thing that could ever happen it's like putting a funny your kid you're grounded for life.

If you don't come home by curfew and and we think congress is not even stupid enough to make that happen but.

What is what we're seeing now is is I think in general and attitude in Washington that we haven't seen a long time this willingness to really try to to fix this I mean.

The volatility we're seeing in the market right now is indicative of this nervousness but we're also seeing the business community starting to rally around.

And support positions on this fiscal deal so there's a lot of hope and -- He the president yesterday met with CEOs of companies he did not meet with small business owners with these tax increases that's -- this will heart.

I'm so glad now that Obama -- he can't stand your way.

Into prosperity the -- can't raise taxes to help the economy JFK say he should not raise taxes during a recession.

Even Bill Clinton -- a millionaire surcharge.

Is not going to help I debt situation.

But both congress and the president seems to go to the negotiating table -- And work at a DL and not leave until we worked something out but but in the past they haven't exactly shown that ability I mean they haven't shown.

The ability get that done.

No it's a new day in new congress and -- look that different than it did before.

But I new attitude not in congress that -- now by the American people have spoken and they didn't change anything what Clinton did in the second Chad Campbell we also know is is that it's also new new day for Republicans because pew research as well the Washington Post -- search polls show.

The Republicans will take the hit.

And credit for deal not getting done if it does so there's there is that -- an -- as well.

And you know you have to look at Ronald Reagan as well as Henry Kissinger when they when -- negotiation I said you have to come minute willing to truly cut -- -- -- make it 90%.

Both side -- -- and Obama is very good with the liberal rhetoric and blaming Republicans and even an LA times is says that he Obama wants to up the middle class but the Republicans.

Don't want to get you know everything to the rich.

Which is not true and a lot of liberals are saying to -- that this is a mandate to raise taxes I think people can be pro choice pro gay marriage and have.

Fiscal responsibility and live within well what I mean did to be honest -- the president.

Campaigned on a platform saying I'm gonna you know I'm gonna go back to the Bill Clinton tax rates in the and the wealthiest you're gonna have to pay more money and he -- but I Bill Clinton worked with a Republican congress and our economy was not in dire straits that he is right now so if he really wants to go back to Bill Clinton days.

He should go to the table and work with the public.

Also you have to look at taxes were historical highs -- -- -- one of the things are talking I was trying to get tax rates back to the 1990s.

To compensate for and what we did well -- -- different -- what I will say is -- in the election what we did learn was that.

American people can do basic -- they understand that we actually have to cut programs and increase taxes in order to pay for the deficit the other thing we did see was.

As a -- -- did run on this.

Platform of raising taxes for the wealthy Americans supported this platform to get a run on pro gay marriage pro choice and -- -- issues too and this is not a -- day.

But it doesn't -- raising taxes from.

All right we'll have to leave the discussion there isn't a good to see in person Angela McGlowan Marjorie Clifton thank you -- Canadian.

A president of.

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