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Between the president and speaker boehner and carney said the president laid out any deal has to have an increase in tax rates but he would not be specific suggesting there is flexibility. the top rate does nut have to be 39.6 back from clinton, but something to get a deal jump started. mitt romney was here for lunch the first meeting since after the election and it was awkward and the menu included turkey chili and a white house readout said they promised to "keep in touch" if the opportunity arises where their interests intersect, maybe another way of saying not so much. >>neil: turkey chili...

Consequences for investors if we go over the cliff. between the expiration of the bush tax cuts and higher taxes for obamacare, the top capital gains rate will jump from 15% to 23.8. the top rate on dividends to 43.4. >> you want clarity and with that comes in your personal economy at home, whether you're a c.e.o. or cfo, you want clarity on how to spend your cash. if you're the government, you want to figure out how to impact the spending at the federal level as well. americans are looking for clarity so they can make the decision that is matter in terms of purchasing short term christmas gif...

Consequences for investors if we go over the cliff. between the expiration of the bush tax cuts and higher taxes for obamacare, the top capital gains rate will jump from 15% to 23.8. the top rate on dividends to 43.4. >> you want clarity and with that comes in your personal economy at home, whether you're a c.e.o. or cfo, you want clarity on how to spend your cash. if you're the government, you want to figure out how to impact the spending at the federal level as well. americans are looking for clarity so they can make the decision that is matter in terms of purchasing short term christmas gif...

Right now from your perspective? >> they are taking place at different leve.w that the presi speaker of the housend meeting. i could tell you as a member o the senate finance committee, we've had discussions democratic and republican members of the senate finance committee as to how we could be helpful. but u' hurdle isd revenue. and how we're going to be able to achieve enough revenue to ma work. >> let's talk about this soluti, mentioned in the new york times today, raing tax revenue by taxing wealthy americans, entire income at the current top rate. is tso both sides could agree to? >> i...

But that presents some very difficult challenges in terms of the so-called tax expenditures, because if you don't go up on the top rate, you have to go deeper into tax expenditures. that means you start affecting very popular things like home mortgage deduction, the health care deduction. >> that's basically what bill clinton was saying, the math doesn't work. ken conrad can do that every day and other democrats are well versed in that, and the republicans, i get the feeling they realize that argument is working. >> i think that's right. one of the arguments about mitt romney, the math doesn't...