Page 42 - Rate Increase News Today

Forth a theory, and i actually think it has merit where you go ahead and give the president the 2% increase that hes talking about, the rate increase on the top 2%, and all of a sudden the shift goes back to entitlements. i actually am beginning to believe that is the best route for us to take. >> thats significant, and jon, thats from your home state of tennessee. youve got two republicans that are -- two republican senators who are -- havent been the most active in trying to seek out deals, yo...

Boehner must reach some framework of an agreement by december 14 or 15 if theres going to be a deal. what does that mean? lots of serious talks have to begin now. we can put the posturing finally aside. weve run out the clock on this posturing phase. bob corker joined a growing number of republicans who argue that agreeing to the presidents position on raising tax rates will actually give the republicans an upper hand in budget negotiations going forward. >> a lot of people are putting forth a...

To make as part of the balanced approach he promised the american people. that said, an increasingly limber group of republicans are showing flekx 5eb89 on higher rates for top earners arguing raising rates on the rich will give them greater leverage on spending cuts. >> a lot of people are putting forth a theory and i actually think it has merit where you go ahead and give the president the 2% increase that hes talking about, the rate increase on the top 2%. and all of a sudden the shift goes b...

Telephone. now they have sat down face to face. this top level meeting is important in any negotiating process in washington, dc. the fact they met on a sunday underscores the urgency. the white house confirmed the talks were held to discuss efforts to resolve the fiscal cliff and lines of communication remain open. the white house beating is the same day republicans appeared to be moving closer to the presidents position on raising taxes for the wealthy. a senator appeared on fox news sunday al...

I think it has merit. you go in and give the president the 2% increase that hes talking about. the rate increase on the top 2%. all of a sudden, the shift goes back to entitlements. >> what corker is also saying, what he went on to say is when we hit the debt ceiling next year, in february, then republicans are going to have the leverage then. thats something the president dispu disputed. one problem, bob corker is a senator, hes not in the house of representatives. thats what we keep waiting to...

Terms of the meeting today? >> any time the parties are talking face to face and not picking up the phone and having short conversations is a good thing. occasionally a deal gets done. weve been down this road before. boehner thought he had a deal with the president and president thought he could deliver on it and lo and behold the democrats caved in and president didnt have the authority to make the promises he did. it takes three to tango in washington. house, senate and president. its nice to...

>> theres a growing group of folks looking at this and realizing we dont have a lot of cards as it relates to the tax issues. so a lot of people are putting forth a theory and i think it has merit. you give the president the 2% increase hes talking about, the rate increase on the top 2% and all of a sudden the shift goes back to entitlements. >> if speaker boehner ends up where senator corker said he is, we will get a large agreement. and but speaker boehner hasnt said that. and so we democrats ...

Cards and that way we can live to cut another day and cutting spending. >> heres bob corker the republican from tennessee. >> a lot of people are putting forth a theory and i actually think it has merit. where you go ahead and give the president the 2% increase that hes talking about. the rate increase on the top 2%. and all of a sudden the shift goes back to entitlements. >> and so corker went on to say, the debt is growing, congress is going to have to vote early next year. perhaps in february...

>> chris, theres a growing group of folks that are looking at this and realizing we dont have a lot of cards as a relates to the tax issue before year end. we have one house, thats it. the presidency and the senates in the democrats hands. i think it has merit, you give the president the 2% increase that hes talking about, the rate increase on the top 2%. and all of a sudden the shift goes back to entitlements. all of a sudden once you give him the rate on the top 2% its actually lesser tax incr...

We have one house. thats it. a lot of people are putting forth a theory. i actually think it has merit, when you give the president the 2% increase that hes talking about, the rate increase on the top 2%. all of the sudden, the shift goes back to entitlements. >> is that what happens, dave? >> youve heard that described in some quarters as a doomsday strategy, although its quite good for republicans. they would basically punt, like he described it, on tax rates and say that in january, now that ...