Is Boehner caving on tax hikes?
Will the president get his way on higher rates for the wealthy?
- Duration 5:54
- Date Dec 17, 2012
Will the president get his way on higher rates for the wealthy?
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This transcript is automatically generated
And this is a -- -- alert we are now learning the president Barack Obama and house speaker John Boehner -- getting close to a final deal to avert the so called fiscal cliff.
Now we're learning tonight the president just presented a counter offered a speaker Boehner now some of the biggest provisions include.
One point two trillion and revenues which means tax increases for those earning 400000.
Dollars or more per year.
A potential two year debt ceiling increase and an end to certain.
Sequestration spending cuts and we are just now hearing from the speaker's office which says that Obama.
And -- offer quote cannot be considered balanced but as a step in the right direction here to help sort through all of those Fox News contributor.
The ever shy Pat -- former congressional candidate Sarasota springs mayor he should be congresswoman should be senator maybe president.
-- of how -- the CNN your curry Il fit the -- I'm doing great well I said on the radio today that speaker Boehner really doing a great job and negotiate.
But as a talk about the fiscal -- the -- and he's given up on everything.
And this is the first movement at all we hear from the president I don't like two years -- Of not dealing with the debt -- I think that that is actually the only leverage that the Republicans have a right now and to give that up will be absolutely devastating to me.
Really the cards are all with the administration with the Democrats and we're getting up to one leverage that we half and that's really concerned this is that.
Look look -- this is a piece -- surrender.
The bottom of debater he's been doing for two weeks I mean this -- mourned him -- getting a deal.
The knees and fighting for principle we're down to the president wants more stimulus spending in his proposal.
He wants more tax revenue -- cuts.
When you -- sorted out the more importantly and I wrote a piece a couple of weeks go right part today.
When it you don't look you're gonna have to raise taxes take to Schumer idea of a million dollars make a public say okay we're gonna go with that.
Hey by the way you start the cuts must present a member of Simpson Bowles for -- one.
And remember the fact and by the way -- issued a debt limit make the issue because that is it over.
Reach -- elaborate on his part if they give up on the debt limit which is their only leverage but -- give it when they're given this president media.
Two years a blank check blank check for two years it's actually devastating and it we've got to remember what we're dealing with here.
We don't have a revenue probably a major spending problem ordinary citizens like myself like you have to balance -- budget we have to live within our means.
Let's not forget that Ernst and young said that if we attack the top two brackets that's going to cost 700000.
Those jobs coming from they're not -- out -- -- of the quarter misses you know piecemeal surrender.
Well I think you know we've lost every every -- -- I like the bad and annoying yeah sounds that do indeed get away get away.
If Republicans -- an honest -- stand as the conservative alternative.
Voice in the country the what are they therefore well it -- bad deal I had I just -- -- -- he's given up nothing you go from 200 taxing people that make.
Dollars now taxing people that make over 400000 dollars and if it if they don't have the -- users can actually eliminated.
You say he's gonna get revenue increases because he won the election now -- went from 800 billion he wants a 1000000000004.
Boehner is already raised it 50% of -- billion to truly do but here's the point this is about spending we're talking about this tragedy -- children.
We have a sixteen trillion dollar deficit he gets the authority to just continue to take us wherever he wants for two years.
Would no restraint from congress the American people are -- what they do happen.
Republic brought -- all of our children.
This is licensed stealing this is about the future of my grandchildren -- -- -- -- popping -- pretty important Robin of them blockage in war on camera this is taken a sledge -- to their piggy bank we absolutely are and we have to look at the bigger picture here -- I mean he were trying to make public policy.
Without even getting out to the American people and talk informing public opinion.
-- -- -- that the American people but trying to ask me we have the talking a language in which they understand and understand.
That these are going to affect that.
We're going to look.
-- next year and we're going to see unemployment go -- lap.
We're going to see that our economy is going to go -- further -- what are you said the Republicans and they go along with that this is the deal they're gonna give up on the debt ceiling when he said that.
You know we will.
-- I say may I say they surrendered my piece of.
I went out.
I'm brave face it this is the deal they have surrendered -- -- yet given up.
We eat we cannot be certain we live in a country for crying out -- we've never been a country if he that's you policy under for God's sake get -- backbone -- you expand conservative by important not only get a fight but -- Case to the American people would only do is talk to each other Obama the president's out there saying I'm taking -- of the middle consummate meanwhile.
Boehner just talks to himself they talk while walking one note that you walk also wind vote them -- to office two rubber stamp Obama -- -- doesn't support.
More spending they want this fight -- so stocks so being the party's old savings and -- and evolving market economic -- and ended badly for Republicans either way you might as well go as far as you possibly get and get whatever you can't and hold -- to the leverage and actually app I don't think they should go beyond six months ever with the debt ceiling because this president is arm.
They give us eight trillion more in new debt in the next four years -- gives him unilateral power to raise that we're not talking about -- -- This he funeral with the words are the McConnell mechanism what that means is he gets -- raging unilaterally.
-- that two -- no stop -- that's that that is dude that's.
-- -- -- He may lose a -- I don't I federal 42 I we got to go but hey it's gradual comfort town were awfully lucky we've done that I thought I wish you want.