| 00:00:02 |
Witherspoon, Constance Sayers - Vice President
BUSH ERA TAX CUTS AND SCHEDULED MAJOR BUDGET CUTS AFTER THE ELECTIONS. THE COMBINATION OF THE EXPIRING TAX CUTS AND AUTOMATIC SPENDING CUTS TO DEFENSE...
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| 00:01:30 |
Knakmuhs, Sarah - Director
ABOUT 9,000 EMPLOYEES IN THE U.S., IS PLEASED TO BE PART OF TODAY'S DISCUSSION. WE ARE HERE BECAUSE WE BELIEVE A MORE SIMPLIFIED TAX CODE THAT INCLUDES...
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| 00:04:12 |
Witherspoon, Constance Sayers - Vice President
KEYNOTE PANEL WITH REPRESENTATIVE ALLYSON SCHWARTZ, AND JOINING US VIA SATELLITE THIS MORNING WE HAVE REPRESENTATIVE PETE ROSKAM, FOLLOWED BY AN INTERVIEW...
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| 00:06:14 |
Roberts, Kristin - Managing Editor
ARE BILLIONS OF DOLLARS WORTH OF TAX PROVISIONS UP FOR EXTENSION AS WELL AS THE BUSH ERA TAX RATES, NOT TO MENTION THE SEQUESTER AND THE POSSIBILITY...
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| 00:06:47 |
Schwartz, Allyson - U.S. Representative, [D] Pennsylvania
TO PETE, GOOD MORNING. LARGER THAN LIFE HERE. [LAUGHTER] RIGHT NEXT TO US. YOU LOOK GREAT. IT'S ALWAYS GOOD TO KNOW. [LAUGHTER] BEFORE WE START. AND...
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| 00:13:16 |
Roskam, Peter - U.S. Representative, [R] Illinois
SENATOR WYDEN AND OTHERS HAVE VOICED IN THE PAST, HAVE ARTICULATED -- [INAUDIBLE] A COMMONALITY. THE OTHER COMPONENT THOUGH, THERE IS A GREAT DEAL OF...
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| 00:16:58 |
Roberts, Kristin - Managing Editor
OPENING GAMBIT? >> I ACTUALLY DON'T THINK WE'LL GO OVER THE FISCAL CLIFF. I ACTUALLY THINK WE
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| 00:17:06 |
Schwartz, Allyson - U.S. Representative, [D] Pennsylvania
WILL FIGURE THIS OUT. I CERTAINLY HOPE SO. AGAIN, WE NEED TO HAVE SOME COMPROMISE. WE NEED TO BE ABLE TO GET SOME RAVENOUS. I MEAN, WHAT HE'D SAID...
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| 00:18:30 |
Roskam, Peter - U.S. Representative, [R] Illinois
ANYONE. THE FISCAL CLIFF IS AN EVENT WHERE TAXES ARE GOING TO GO UP. SO THE QUESTION IS, WHAT'S THE IMPACT OF THAT IMPACT FOR THE VERY MIDDLE CLASS...
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| 00:19:36 |
Roberts, Kristin - Managing Editor
1 MILLION INCOME THRESHOLD. RATHER THAN 250,000 THE WHITE HOUSE HAS BEEN USING. WHERE IS THE DEMOCRATIC CAUCUS ON THE THRESHOLD, CONGRESSWOMAN? >> IT...
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| 00:19:48 |
Schwartz, Allyson - U.S. Representative, [D] Pennsylvania
THAT. I CAN SAY, WHICH SHOW SPECIAL ROOM FOR DISCUSSION HERE, AND YOU KNOW, LOOK, I ACTUALLY, WE'VE MOSTLY BEEN USING THE $250,000 THRESHOLD FOR FAMILY...
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| 00:21:57 |
Roskam, Peter - U.S. Representative, [R] Illinois
LISTEN, IT HAS HISTORICAL BEEN A RELUCTANCE ON THE PART OF BOTH SIDES OF THE AISLE TO RAISE TAXES. IN OTHER WORDS, BOTH SIDES HAVE SAID YOU KNOW WHAT,...
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| 00:24:05 |
Schwartz, Allyson - U.S. Representative, [D] Pennsylvania
WE SEE AS BEING ABLE TO OFFER OPTIONS AND FLEXIBILITY AND TO DEMONSTRATE THAT WE'RE WILLING TO ENGAGE IN THIS CONVERSATION AND THAT WE ARE WILLING TO...
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| 00:28:16 |
Roberts, Kristin - Managing Editor
AT THIS POINT. BUT THERE'S SOME DANGEROUS UNDERTONES. THESE THINGS HAVE BECOME DEFINING ISSUES FOR BOTH PARTIES. THE DEMOCRATS RAISING TAXES ON THE...
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| 00:28:53 |
Roskam, Peter - U.S. Representative, [R] Illinois
THAT SOMEHOW THE GOP IS ARGUING DON'T HAVE ANY NEW REVENUE. AND THIS WAS DEBATED BETWEEN THE CANDIDATES THE OTHER EVENING. I THINK THE POINT EARLIER,...
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| 00:32:12 |
Schwartz, Allyson - U.S. Representative, [D] Pennsylvania
I WILL SAY FROM MYSELF AND WE DON'T WANT TO RAISE TAXES. BUT AS PETE POINTED OUT, THE ISSUE IS DO WE EXTEND TAX CUTS ARE NOT, FOR SOME AMERICANS? IN...
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| 00:36:26 |
Roskam, Peter - U.S. Representative, [R] Illinois
REVIEWING. SO ON THE ONE HAND, BAD ARGUMENTS AS WELL, EASY RAISE THE TAXES, THEN THAT MONEY IS SO NOT GOING TO BE THE REMEDY TO INCREASE INFRASTRUCTURE...
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| 00:39:05 |
Schwartz, Allyson - U.S. Representative, [D] Pennsylvania
HAVE THAT ON THE TABLE, THAT IT ACTUALLY WON'T HURT THE ECONOMY. WE'VE ALSO BEEN SAYING, I THINK WE AGREE ON THIS, KEITH HAS SAID THE ECONOMIC RECOVERY,...
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| 00:40:15 |
Roberts, Kristin - Managing Editor
FUTURE. >> LONG-TERM DISCUSSION HAS TO TALK ABOUT THE OTHER SIDE OF THE LEDGER. WE'VE BEEN TALKING A TAXES. WE DO NEED TO TALK ABOUT ENTITLEMENT SPENDING....
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| 00:40:38 |
Q&A with audience, -
CONGRESSMAN ROSKAM, YOU SIGNED A NORDQVIST PLEDGE. HOW CAN YOU POSSIBLY COME TO ANY KIND OF COMPROMISE WITHOUT BEING THE ONE CONGRESSMAN OUT OF, I DON'T...
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| 00:41:01 |
Roskam, Peter - U.S. Representative, [R] Illinois
REVENUES, REVENUES ARE ABUNDANT. [INAUDIBLE] WHERE MITT ROMNEY SPOKE DIRECTLY TO PRESENT OBAMA ABOUT THIS. THE PRESIDENT SAID YOU DON'T WANT REVENUES?...
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| 00:42:12 |
Roskam, Peter - U.S. Representative, [R] Illinois
CONGRESS AND TO THINK IT'S LOOKING VERY STRONG RIGHT NOW. THE VOTERS WILL MAKE THAT DETERMINATION. >> ANOTHER QUESTION FROM THE AUDIENCE. >> THEN LET'S...
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| 00:42:40 |
Schwartz, Allyson - U.S. Representative, [D] Pennsylvania
COMMITMENT TO MEET THE PROMISE OF MEDICARE AND SOCIAL SECURITY. THAT HAS TO BE THE BEGINNING OF THE DEBATE. WE WILL NOT ACCEPT TURNING MEDICARE INTO...
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| 00:45:11 |
Roskam, Peter - U.S. Representative, [R] Illinois
MEDICARE? [INAUDIBLE] REPUBLICANS CARE ABOUT MEDICARE AND WANT TO SOLVE, THAT IS, WE CARE ABOUT MEDICARE AND WE WANT TO MAKE SURE IT IS ALL THE. [INAUDIBLE]...
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| 00:48:03 |
Schwartz, Allyson - U.S. Representative, [D] Pennsylvania
CREATED, HAS LED BY BEING WILLING TO TALK TO BOTH SIDES OF THE AISLE. THE NUMBER OF TIMES HE AND THE REPUBLICANS TO THE WHITE HOUSE, THE NUMBER OF...
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| 00:51:19 |
Roskam, Peter - U.S. Representative, [R] Illinois
ME TALK ABOUT WHAT I DO AGREE WITH. WHERE WE HAVE AN OPPORTUNITY IS FOR PRESIDENT OBAMA TO BE WILLING TO REEVALUATE HOW HE'S CONDUCTED HIMSELF UNDER...
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| 00:53:35 |
Schwartz, Allyson - U.S. Representative, [D] Pennsylvania
PETE, REALLY DID COME INTO THE BEYOND THE RHETORIC AND HOPEFULLY THE ELECTION WILL MAKE ABSOLUTELY CLEAR WHAT THE AMERICAN PEOPLE ARE HOPING FOR US...
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| 00:53:51 |
Panel Change, -
US. [APPLAUSE] >> THANK YOU. THAT WAS A TERRIFIC PANEL. OUR NEXT KEYNOTE INTERVIEW THIS MORNING WHILE
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.