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Is there a path to 'fiscal cliff' deal?

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    Bret Baier weighs in on talks

  • Duration 4:28
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Right now President Obama is on his way to Michigan to continue his campaign to raise taxes on the wealthy.

He'll be meeting with some auto workers asking them to support his plan to avoid the fiscal cliff.

Yesterday the president invited house speaker John Boehner -- White House for their first face to face meeting in weeks.

Neither party releasing any details of what transpired in that meeting.

Reuters is reporting the house Republican offer issued last week quote remains the Republican offer.

Speaker Boehner is still waiting for a new proposal from President Obama that's all according to an unnamed aide to the speaker.

Meanwhile some Republicans are calling on speaker Boehner to give the president what he wants on taxes so the party can focus on cutting entitlement programs.

A lot of people are putting forth a theory and I actually think it has merit where you go letting -- the president the 2%.

Increase that he's talking about the right increase on the top 2%.

And -- -- the shift goes back to entitlement.

If speaker Boehner ends up where -- senator Corcoran has just said he is we will get a large agreement.

And -- but speaker Boehner hasn't said that and so we Democrats realize that there have to be two sides to this market.

Special report anchor Bret Bair joins us now in Washington -- if if people like senator core per saying that tax of increases.

Would be okay with them on the highest income earners in this country and it seems like that is bound to be part.

Of the deal the transpires here.

-- John -- senator walker is not in the house guy he's not a house Republican good point and he does not have a vote there and John Boehner is here in the negotiation.

And he has to convince 218 house Republicans.

To vote for this deal and they really steer the ship here.

-- -- -- can can talk about possible compromises and obviously he's influential when he speaks about it.

But in them the bottom line it's about those votes.

In the house chamber you know behind me you could usually see the the capitol dome.

It's very foggy here and it's very foggy the hard seeing the picture.

-- how exactly this all comes together on the fiscal cliff negotiations.

While there are outlines.

Of what a possible compromise could look like like instead of raising tax rates the 39 point 6%.

Which is the Clinton error rate maybe go to 37%.

And close some loopholes and deductions.

There are still not indications that house Republicans are willing to do that and on the spending side which really.

If you look at the media across the board there hasn't been a lot of focus on it at all.

The spending side.

And what spending cuts are on the table.

We haven't heard anything specific.

About what it's is in addition to.

What's been out there are.

You know from the very begin.

Right because Republicans claim the country doesn't have.

And income -- revenue problem it has a spending problem and and that's where Republicans say.

The bulk of the savings are of the of the rescue plan for this you know this budget is going to help.

Sure I mean you have some proposals that are out there for example means testing.

Medicare.

Social Security.

You have adjustments to Consumer Price Index with -- security not to get too in the weeds here but all of these things add up.

Two significant numbers.

At the end of the day and you also have raising retirement age those things are not things that the Democratic Caucus has been -- willing to talk about.

Or two to touch.

So you have this standoff and it is continuing and we don't have specifics of that meeting between President Obama and house speaker Boehner.

But here's another thing to remember is that despite the fact that you have this deadline at the end of the year the deadline really.

Is about five days before Christmas right about the nineteenth -- to twenty.

Because you need legislative days to make the legislative sausage work up here -- on Capitol Hill even -- you can't see it behind me.

They need time.

To make it all come together.

Legislative.

Foggy bottom living up to its name red -- repair thank you.

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