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Term forward looking, not loss in a sea of economic fear and people would blame him for taking away unemployment benefits, no dock fix. letting taxes go up on everything. that's not what he wants. >> chris: payroll taxes. >> right. both sides have strong incentives to make a deal. not to mention they want to get out of town for christmas. >> bill, given all of that, and you were one of the early people who said republicans -- i just felt we would remind those who may have missed it, you said republicans don't want to fight over tax increases for millionaires. what's the smart play for republic...

Term forward looking, not loss in a sea of economic fear and people would blame him for taking away unemployment benefits, no dock fix. letting taxes go up on everything. that's not what he wants. >> chris: payroll taxes. >> right. both sides have strong incentives to make a deal. not to mention they want to get out of town for christmas. >> bill, given all of that, and you were one of the early people who said republicans -- i just felt we would remind those who may have missed it, you said republicans don't want to fight over tax increases for millionaires. what's the smart play for republic...

Term forward looking, not loss in a sea of economic fear and people would blame him for taking away unemployment benefits, no dock fix. letting taxes go up on everything. that's not what he wants. >> chris: payroll taxes. >> right. both sides have strong incentives to make a deal. not to mention they want to get out of town for christmas. >> bill, given all of that, and you were one of the early people who said republicans -- i just felt we would remind those who may have missed it, you said republicans don't want to fight over tax increases for millionaires. what's the smart play for republic...

It adds tens of millions of people getting bitten by this thing. i know that the insiders are more worried about that actually getting fixed than the cliff at this point. >> yeah. when i started covering capitol hill in washington, there were two things that people talked about, which was the amt patch and the dock fix. everyone is like where are we on the amt fix. they adjust the payments and do this thing with the amt. we were asking early on, is there a way? this seems like a strange way to legislation the things. when you look at the difference between the baseline, which is current law an...

With the compensation being given to doctors, reimbursement. >> arthel: the so-called dock fix you're talking about. >> yeah. and so i think what's going to happen eventually is that both sides probably in closed door sessions, where you and i nay not know what's going on, are going to have to sit there on a bipartisan basis so that nobody gets the blame and come up with some spending cuts. the truth is that even if you hate billionaires, there aren't enough of them. you can't raise taxes enough to get us out of this crisis solely on the basis of revenue increases. >> arthel: you're feeling at...