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What will it take for Democrats and Republicans to reach an agreement to avert the fiscal cliff
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House majority whip Kevin McCarthy says senate majority leader Harry Reid is -- walking us off the clip what does he mean by that we ask congressman McCarthy earlier tonight.
Thanks to season.
Things -- happening.
Today -- senator Harry Reid took to the floor and he said quote we could some of the greatest economic emergency facing the nation today if only the house would consider the senate passed bill freezing tax rates.
For 90% of American families and 97% a small businesses.
-- as a Harry Reid we have more than thirty bills we have a bill sitting on his desk that extends all the tax rates.
And we could sit down find a special interest loopholes to bring the revenue the president wants but actually look at and tax reform overall in 2014.
But also find the places to cut the spending where the president says he wants a balanced approach at least two and a half cuts for everyone.
Those are the things we can start working on together I mean this is politics what Harry Reid is doing an American public are tired of politics this time we sit down and solve the problem.
Thinking games by going to the Florence and I mean I listen to today and we took that slab at the house the first half I was really you know you -- -- this any chance.
-- trying to negotiate some video both sides to stop you know showing that he just listening to let me.
That is approach to take you off the fiscal cliff.
I think what the president is doing what the speaker doing what they do we -- they talk together on the phone.
Would you see them sitting down.
At a table together some shaking hands.
He watched the president right are you watch the speaker right after election sit down say here's revenues we want to continue to tax rate that you need revenues.
Republicans are putting revenues on the table now where are the cuts to government to get is to solve the problem.
Because you just to the -- -- you solve anything he got to bring more revenue in the same time -- got to control.
The spending of government.
That's the best way to solve the problem once and.
From what your position about -- -- tax rates in the very wealthy.
Well I think the tax -- solve the problems -- minute now.
Well I think what has haven't revenue we say where the president was it will give you more revenue.
But closing loopholes you watch the stylist to the tax rates I think the thing is you want to solve the problem and I'm tired of just saying.
If you do the tax rates that gives you 31 billion dollars this year eight and a half days a year after I didn't have become and I -- recipe and you are also -- point wouldn't it.
Whether people are gonna come off that pledge -- not -- but.
If you sitting -- -- solve the problem.
What what what do you pick a little things such as that when you want to harm the economy the president had that same decision two years ago when Democrats controlled all they said.
Don't raise the tax -- -- a down economy because most economists will tell you you could harm the economy.
But he wants revenue so we put revenue on the table you can actually get more revenue.
What did you ever find the cuts in government he could start solving the problem.
Don't you want to solve the problem overall -- have rhetoric.
A cash and that senator Harry Reid's position we -- in the floor.
-- making that statement and it's pretty clear that day he you know it's a shot across the -- on a handshake when he needs and curious the president has said that he will not sign.
Any bill.
That doesn't increase the tax rates would do you think he's gonna come -- that if you if you are.
-- was Texas -- I realize your rear revenues statement but if if he won't come off and that.
How we had a stalemate.
I also saw the president in his members last press conference he was asked that specific question and that wasn't as answer.
His answer was he's willing to sit down and listen to any ideas that the Republicans have found ways to gain revenues which is starting.
And that's the right approach -- look at approach that the speaker took.
Cure revenues that you asked for.
Now Mr.
President when we start talking about the spending cuts which you said you wanted to balance approach two and a half to one.
We're spending a lot of time on this revenue -- eight days and no time on how we're gonna really reform that you have to take two and a -- more times of cuts.
We should start spinning some little time on that -- sending what to do.
Has the president or any Democrat come -- with some spending cuts at all.
I haven't seen them yet I'm more than willing to listen to and I wanna see him and I think.
That doesn't sell the -- problem yet to set up we have overall tax reform and 2014 but this is a great start this is this is a way to start the process -- you can't continue to borrow.
About 8% of you GDP -- -- 2% growth.
You don't make that up in volume even get worse and that's the process that we're in we're spending way too much time.
On a small item when you should solve the overall.
I remember I tell myself -- -- because this is this is probably serve erupted in in its latest eruption in July and August of 2011 a year and a half ago.
We're now coming up against this deadline and the sequestration.
Wasn't anything done in the meantime I mean I know that that was December committed they couldn't do something in November but it didn't stop anybody else.
Anyone in the house and the -- the president from every single want to doing something until now -- now are pushed up against a step by pull.
Just -- -- on what they did they did pass a bill that.
-- sequestration.
They did pass a bill that make sure the tax cuts would go up.
Those are all sitting -- Danielle about the senate like you know as those months and days and yell about the present those months and days went by and nothing -- -- -- -- -- I didn't sometimes even on your show.
I have a frustration with the senate but look.
I wanna sit here and bash the senate I -- solve the problem that's why we've come to the table what really has to happen there's three weeks to go here.
What Harry Reid -- did did did today was -- that's walking off the -- we've offered.
Revenue we need to see spending cuts -- -- small business drives this economy this economy is weak.
If you raise rates majority small business run as an S corporation to their taxes will go as high as 43%.
You know what we're at our lowest point in seventeen years -- starting new jobs through small business small start up.
That means economy looks bad.
So let's help them grow new jobs so you don't have to raise the rates let's give the revenue the president wants that we sat down and said this is a better way to do it while protecting the economy.
But let's see the spending cuts were at the table we want to solve the problem.
Harry Reid looking like a different path but you leave it up to Republicans will get the job done kinda nice to see you sir and good luck -- -- its sixth very -- strengths --
