CSPAN Newsmakers December 16, 2012
. Othe clock is ticking, and weo not that far from december 31, the fiscal cliff. I think it is important that weo kind of take a step back and remember what the fiscal cliffo is all about. It is when the tax rate across the board, our current tax code expires. If congress does not take action, it would be a 3. 5 trillion tax increase oned American People. It would impact nearly everyone. It would cost us two million jobs, a doubledip recession, and in addition to that, we also have sequestration, which is looming. The acrosstheboard cuts would be a million jobs lost in the defense industry. ...