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'Fiscal cliff' stalemate heats up

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    Where are negotiations headed?

  • Duration 2:55
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Good evening I'm Bret -- the gloves are slowly coming off in the battle over how to get off the fiscal cliff.

Republicans call president Obama's opening proposal ludicrous and -- The president is going public to try to ridicule GOP lawmakers into accepting tax hikes now and spending cuts later.

Chief White House correspondent Ed Henry has the tale of the tape.

I'm -- missing the time that I spent.

On the campaign visiting towns like this President Obama got his wish rather than negotiating with Republicans he was hammering them back on the campaign trail at a factory in Pennsylvania that makes angry bird choice it's not acceptable to me and I don't think it's acceptable -- For just a handful of Republicans in congress the whole middle class.

Tax cuts hostage.

Simply because they don't want tax rates -- Upper income folks to go up within minutes speaker John Boehner fired back that the talks are now on life support their system it.

Well let's secular -- -- the president for sending Treasury Secretary Tim Geithner to Capitol Hill.

With a proposal that led senate Republican leader Mitch McConnell to literally burst out laughing the White House took three weeks to respond.

What any -- proposal.

In much -- my disappointment.

It wasn't a serious more their -- is the president campaigned on 800 billion dollars in tax increases by ending the bush tax cuts for the wealthy.

But is now proposing double that one point six trillion dollars by adding tax hikes on dividends and capital gains.

Plus the White House wants fifty billion dollars in new spending next year alone in a long term deal that is supposed to be about cutting spending.

Not even 400 billion dollars in cuts.

And that what they wanna have this extra spending that's actually greater than him out there willing to cut manage -- it.

Was not serious proposal.

Yet the president may have the upper hand because the fiscal cliff talks allow him to back the opposition into a corner -- framing this as Republicans raising taxes if congress does not.

Every family in America will see their income taxes automatically go up on January 1 that's sort of like the lump of coal.

You get for Christmas big congressional Democrats are operating like they don't have to compromise on spending or taxes.

Elections.

Have consequences the president campaigned he made it very clear.

He made it very clear that he was in supporting.

-- tax cut for the middle class.

And that he -- the expiration of the tax cuts for the high end.

With very little progress among the inside -- so far the president now plans to keep pressuring Republicans from the outside -- will be meeting with the nation's governors next Tuesday and then he'll address the business roundtable on Wednesday -- And a lot of north lawn Ed thank you.

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