| 00:00:15 |
Brawner, Greta Wodele - Host
WHAT DID YOU FIND OUT? HOST: IT WAS AN INTERESTING SERVICE. WE DO THIS REGULARLY. THEY'RE DESIGNED TO GET A SENSE OF THE PUBLIC IS ON VARIOUS ISSUES...
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| 00:00:32 |
Brawner, Greta Wodele - Host
PRETTY DEEP. IN THIS WEEK'S "NATIONAL DAILY JOURNAL" WE LOOK AT THE FISCAL CLIFF THAT CONGRESS IS FACING WHEN THEY COME BACK AFTER THE ELECTIONS. SOMETHINGS...
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| 00:01:44 |
Brawner, Greta Wodele - Host
AT THE WEALTHIEST AMERICANS, 55% SAID YES, PUT THEM ON THE TABLE. 36% SAID NO. WERE YOU SURPRISED BY THOSE NUMBERS? GUEST: NOT TOTALLY. IT IS PRETTY...
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| 00:02:02 |
Cooper, Matthew - Managing Editor
ABOUT THESE KIND OF TAX SITES -- THESE KIND OF TAX HIKES. IT WILL ALL BE AFFECTED BY THE PRESIDENTIAL RACE, BECAUSE PRESIDENT OBAMA IS COMMITTED TO LETTING...
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| 00:02:28 |
Brawner, Greta Wodele - Host
AS PART OF THE DEFICIT DEAL -- 57% SAID, NO, I SHALL NOT BE PART OF A DEAL. 39% SAID YES. WHAT DO YOU THINK OF THAT? GUEST: I THINK WHAT IS INTERESTING...
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| 00:02:48 |
Cooper, Matthew - Managing Editor
THERE IS A PRETTY BROAD CONSENSUS IN CONGRESS IN BOTH PARTIES -- MAYBE MORE ON THE REPUBLICAN SIDE, ABOUT DOING SOMETHING ABOUT MEDICARE IN TERMS OF...
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| 00:03:11 |
Brawner, Greta Wodele - Host
FOR MEDICARE AND SOCIAL SECURITY, PEOPLE WERE SPLIT. GUEST: YEAH, A LITTLE MORE SPLIT ON THAT. YOU KNOW, I THINK THAT IS ONE OF THOSE ONES THAT HAS TO...
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| 00:03:23 |
Cooper, Matthew - Managing Editor
IT WILL BE A LITTLE MORE COMFORTABLE WITH CUTTING MEDICARE SPENDING WHEN IT COMES TO REIMBURSING HOSPITALS AND PHYSICIANS. A LITTLE LESS SO WHEN IT...
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| 00:03:43 |
Brawner, Greta Wodele - Host
PEOPLE AND ASK THEM ABOUT WHAT CONGRESS FACES WHEN THEY COME BACK DURING THIS LAME DUCK. YOU HAVE HEARD A LOT ABOUT THE FISCAL CLIFF. ASKED PEOPLE WHAT...
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| 00:04:47 |
Brawner, Greta Wodele - Host
BE A DEAL ON THIS WHOLE FISCAL CLIFF QUESTION. YOU KNOW, IF THE PUBLIC
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| 00:04:52 |
Cooper, Matthew - Managing Editor
IS GETTING THEIR MEMBERS OF CONGRESS, A KIND OF, ROOM TO CUT A DEAL AND TO BACK UP SOME OF THE THINGS THEY MAY HAVE PROMISED WHEN THEY RAN, THAT IS MORE...
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| 00:05:30 |
Brawner, Greta Wodele - Host
OVERWHELMINGLY, THE PEOPLE SAID IT ALL PARTIES EQUALLY WILL GET THE BLAME. GUEST: YEAH, I WAS NOT AS SURPRISED BY THAT. I THINK THERE IS A POX ON ALL...
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| 00:05:44 |
Cooper, Matthew - Managing Editor
THE PUBLIC. WHEN YOU DELVE EVEN DEEPER, YOU SEE THAT THEY WERE MORE LIKELY TO BLAME REPUBLICANS AND CONGRESSIONAL REPUBLICANS THAN PRESIDENT OBAMA AND...
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| 00:06:29 |
Brawner, Greta Wodele - Host
A PUBLIC THAT, IN THE ABSTRACT, WANTS COMPROMISE. IN TERMS OF THE
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| 00:06:35 |
Cooper, Matthew - Managing Editor
SPECIFICS, NOT AS MUCH. THEY HATE THESE AUTOMATIC CUTS, BUT THEY ARE LOOMING. I DO NOT THINK THERE IS TONS OF ROOM HERE FOR, YOU KNOW, AT LEAST IN TERMS...
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| 00:07:09 |
Brawner, Greta Wodele - Host
WAS WATCHING CNN AND PRESIDENT OBAMA SAID THAT
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| 00:07:15 |
CALLER, -
HE WOULD VETO CONGRESS IF THEY VOTED AGAINST GOING AHEAD WITH THE FISCAL CLIFF AND OBJECTING TO IT. I WAS WONDERING IF YOU KNOW ANYTHING ABOUT THAT....
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| 00:07:58 |
Cooper, Matthew - Managing Editor
GOING TO HAPPEN AUTOMATICALLY UNLESS CONGRESS DOES SOMETHING TO STOP IT. PRESIDENT OBAMA HAS BASICALLY SAID HE WANTS TO KEEP THEM E FOR A LOWER THEM...
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| 00:09:16 |
Brawner, Greta Wodele - Host
TERMS OF THE BIPARTISAN DEBT REDUCTION DEAL. IF HE LOSES, OBAMA COULD MAKE SURE THAT THE TAX RATES RISE BEFORE HE HANDS OVER THE KEY TO THE WHITE HOUSE...
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| 00:09:50 |
CALLER, -
UP A BUDGET PROPOSAL TO THIS ADMINISTRATION. IT IS IRRELEVANT. THEY CANNOT RUN AN ADMINISTRATION WITHOUT THIS. THEY HAVE TO PASS A BUDGET. HOST: WE GOT...
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| 00:10:25 |
Brawner, Greta Wodele - Host
GRETA, THIS IS A FREQUENT COMPLAINT ABOUT THE U.S. SENATE, WHICH IS CONTROLLED BY DEMOCRATS, THAT THEY'RE NOT PASSING
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| 00:10:35 |
Cooper, Matthew - Managing Editor
BUDGETS. YOU KNOW, IT IS ONE THAT CONTINUES. CONGRESS AND THE GOVERNMENT CAN CONTINUE TO FUNCTION. WE STILL HAVE NATIONAL PARKS AND THE NAVY AND ALL...
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| 00:11:09 |
Brawner, Greta Wodele - Host
GUEST: GOOD. CALLER: SPEAKING
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| 00:11:13 |
CALLER, -
OF THE FISCAL CLIFF, I THINK ONE OF THE GREATEST COMPLIMENTS WAS DONE WHEN THEY ATTACHED THE SEQUESTRATION WITH THE EXPIRATION
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| 00:11:21 |
CALLER, -
OF THOSE TAX CUTS. CORRECT ME IF I AM WRONG, THE AMOUNT OF REVENUE FROM THE BUSH TAX CUTS WILL BE MORE THAN WHAT WILL COME IN FOR THE SEQUESTRATION....
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| 00:12:08 |
Brawner, Greta Wodele - Host
YOU? CALLER: RIGHT NOW, A DISABLED VETERAN. I HAVE SOCIAL SECURITY. I HAVE THAT AND INVESTMENTS OF MY OWN, SO I AM DOING OK. UNLESS,
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| 00:12:20 |
CALLER, -
OF COURSE, THEY DECIDE TO CUT THE BENEFITS THAT I WORKED FOR AND THAT I SERVED FOR. OTHER THAN THAT, I AM OK. I WAS OK THROUGH THIS RECESSION. EVEN...
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| 00:12:47 |
Brawner, Greta Wodele - Host
I OWN MY HOME OUT RIGHT. I JUST PAY TAXES. HOST: WHAT DO YOU MAKE OF THAT PHONE CALL?
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| 00:12:55 |
CALLER, -
GUEST: I THINK THE CALLER EXPRESSES A POPULAR SENTIMENT, WHICH IS THE COUNTRY WANTS TO SEE SOMETHING DONE ABOUT THE DEFICIT.
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| 00:13:04 |
Cooper, Matthew - Managing Editor
NOW, IN OUR POLL, THAT WAS SORT OF LESS CONCERN ABOUT THE DEFICIT THAN CUTTING ENTITLEMENTS. IN SOME WAYS, THAT WAS IMPLIED BY THE COLLAR -- CALLER'S...
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| 00:14:18 |
CALLER, -
SIX REPUBLICAN MEMBERS OF CONGRESS HAD VOTED FOR REVENUE INCREASES SINCE SOMETIME IN THE 1990'S, AND ONE HAPPENED TO BE LUGAR, WHO IS LEAVING CONGRESS....
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| 00:14:46 |
Cooper, Matthew - Managing Editor
TAX INCREASE. SOME OF IT COMES DOWN TO SEMANTICS. CAN YOU CUT A DEAL WHERE YOU MAY NOT RAISE CURRENT INCOME TAX RATES AND YOU PROBABLY LOWER THEM BUT...
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| 00:15:36 |
Brawner, Greta Wodele - Host
BEGAN THEIR WORK LAST YEAR. THEY INCLUDE TOM COBURN OF OKLAHOMA, SAID XP CHAN WAS
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| 00:15:42 |
Cooper, Matthew - Managing Editor
OF GEORGIA, MARK WARNER OF VIRGINIA, AND OTHERS -- SAXBY CHAMBLISS OF GEORGIA, AND OTHERS. THEY HAVE NOT BEEN ABLE TO AGREE ON THIS YET EITHER, EVEN...
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| 00:16:26 |
CALLER, -
YEAR? I THINK THAT IS THE BIGGEST WASTE OF MONEY THAT IS IN GOVERNMENT. WE SHOULD NOT HAVE ANY DEBT AT ALL. GUEST: WELL, THE CALLER ASK A VERY IMPORTANT...
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| 00:16:45 |
Cooper, Matthew - Managing Editor
FORGET THE PERCENTAGE OF THE FEDERAL BUDGET THAT IS ACTUALLY GOING TO SERVICING THAT DEBT. IT IS PRETTY LARGE. IT MIGHT EVEN BE AS MUCH AS A QUARTER...
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| 00:17:58 |
Cooper, Matthew - Managing Editor
DEDUCTIONS LIMIT FOR UPPER- INCOME TAXPAYERS. THAT ECHOES THE ROMNEY POSITION. THE OBAMA POSITION CAME OUT THE OTHER NIGHT IN THE DEBATES AND SAID YOU...
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| 00:18:34 |
Brawner, Greta Wodele - Host
GUEST: WELL, IT ALL DEPENDS ON HOW YOU SEE THE DEBT. IT IS TRUE THAT, YOU KNOW, A FEDERAL WORK FORCE AS A
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| 00:18:48 |
Cooper, Matthew - Managing Editor
PERCENTAGE OF THE WORLD ECONOMY IS DOWN. FEDERAL SPENDING AS A PERCENTAGE OF GDP IS COMING DOWN. BUT IT IS STILL A VERY LARGE NATIONAL DEBT. $16 TRILLION,...
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| 00:19:32 |
CALLER, -
CALLING IN AND I THINK SOME ARE LEANING MORE REPUBLICAN OR DEMOCRATIC. I DID VOTE FOR CLINTON. WHEN OBAMA RAN FOR OFFICE, I DID CONSIDER HIM. BUT AFTER...
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| 00:20:21 |
Brawner, Greta Wodele - Host
FISCAL CLIFF AND THE LAME DUCK. HAVE WE HEARD FROM REPUBLICAN LEADERSHIP IN THE HOUSE ABOUT WHAT THEY'RE PLANNING TO DO ON THE FISCAL CLOUGH --- CLIFF?...
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| 00:20:40 |
Cooper, Matthew - Managing Editor
OUT, THEY TRIED TO DEFER THESE DEFENSE CUTS. THAT IS WHAT THEY FOCUSED MOST OF THEIR ENERGY ON. IN RESPONSE, OUR POLL DOES SHOW THAT PEOPLE ARE SLIGHTLY...
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| 00:21:45 |
Brawner, Greta Wodele - Host
WHICH IS THAT THEY REALLY WANT THESE BUSH TAX RATES ELIMINATED FOR THE UPPER INCOME
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| 00:21:50 |
Cooper, Matthew - Managing Editor
BRACKET. YOU KNOW, THEY'RE TALKING GENERALLY ABOUT SPENDING CUTS. BUT THAT IS THE SPECIFIC THAT THEY HAVE REALLY HONED IN ON. HOST: PENNSYLVANIA, CHASTITY....
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| 00:22:18 |
CALLER, -
DURING THE PASSING OF DIFFERENT BILLS THROUGH THE OFFICE OF THE SENATE TO THE CONGRESS THAT IS NOW UNDER REPUBLICAN CONTROL, THEY VETOED EVERYTHING. THEY...
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| 00:23:21 |
Cooper, Matthew - Managing Editor
SAYING, OVERWHELMINGLY, THEY WANT COMPROMISE. THEY THINK IT IS MORE IMPORTANT THAN THEIR MEMBER OF CONGRESS STICKING BY A POSITION THEY MAY HAVE ENUNCIATED...
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| 00:23:52 |
Brawner, Greta Wodele - Host
GUEST: THAT IS PART OF IT, BUT IT IS ALSO -- PART OF THE DISPOSITION ON THE PART OF
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| 00:24:01 |
Cooper, Matthew - Managing Editor
CONGRESS NOT TO WANT TO SAY DO BIG MILITARY CUTS. SO THERE IS NO CONSENSUS FOR THAT KIND OF THING. AND, YOU KNOW, THERE IS A LOT OF MONEY GOING TO MIDDLE-CLASS...
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| 00:24:39 |
CALLER, -
COUNTY, AND STATE, I FIND IT IRONIC THAT THESE CRA'S ARE PUSHED FOR IN THE ECONOMIC DEVELOPMENT ZONES -- BUSINESSES GET TAX BREAKS AND THEN LOCAL TAX...
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| 00:25:56 |
Cooper, Matthew - Managing Editor
GOOD CONSENSUS ON CHLORINE CORPORATE TAX RATES. WE HAVE -- ON LOWERING CORPORATE TAX RATES. EFFECTIVELY, THE RATES ARE NOT AS HIGH AS SOME COUNTRIES...
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| 00:27:41 |
CALLER, -
ABOUT -- ARE YOU BETTER OFF THAN YOU WERE FOUR YEARS AGO? I THINK THE QUESTION SHOULD BE REVAMPED TO -- ARE WE BETTER OFF IN THIS COUNTRY AS OPPOSED TO...
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| 00:28:34 |
Brawner, Greta Wodele - Host
POLLED ON THOSE QUESTIONS. BUT THERE IS NO QUESTION THAT SOME EUROPEAN COUNTRIES
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| 00:28:38 |
Cooper, Matthew - Managing Editor
HAVE TRIED A MUCH GREATER DEGREE OF AUSTERITY THEN WE HAVE. IT HAS NOT NECESSARILY RESULTED IN THEY'RE DOING BETTER. THEY'RE STILL SUFFERING FROM PROBLEMS...
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| 00:29:42 |
CALLER, -
TO DO BAD -- TO DO THAT IS WRONG AND IT IS CAPITULATION ON THE PART OF THE PERSON THAT GIVES UP, WHICH SEEMS TO BE THE DESIRE OF OUR ADMINISTRATION. AND...
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| 00:30:37 |
Cooper, Matthew - Managing Editor
AND THE ADMINISTRATION -- YOU KNOW, THE ADMINISTRATION EXTENDED THE BUSH TAX CUTS IN 2010 AND THEY NEGLECTED TO CUT A DEAL THAT INCLUDED RAISING THE...
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| 00:31:48 |
Brawner, Greta Wodele - Host
THE TWO PARTIES? GUEST: WELL, THE COMMON GROUND, AS IT IS GENERALLY CONSIDERED, HAS BEEN TAKING CARE OF
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| 00:31:59 |
Cooper, Matthew - Managing Editor
ALL OF THIS IN THE CONTEXT OF OVERALL TAX REFORM. YOU BASICALLY DO KIND OF WHAT YOU DID IN 1986. YOU TRY TO GET RATES DOWN FOR EVERYBODY AND YOU CLOSE...
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| 00:33:07 |
Brawner, Greta Wodele - Host
CONNECTION PAUL LOOKING AT THE SO-CALLED FISCAL CLIFF -- CONGRESSIONAL CONNECTION POULT LOOKING AT THE SO-CALLED FISCAL CLIFF. NEXT, INDEPENDENT CALLER...
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| 00:33:30 |
CALLER, -
IF YOU GO INTO BUSINESS, ONE OF THE FIRST THINGS YOU FIND OUT IS WHOEVER YOU RENTED THE BUILDING FROM, THEY ARE GOING INTO BUSINESS WITH YOU BECAUSE...
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| 00:34:44 |
Cooper, Matthew - Managing Editor
BUSINESS. IT IS A BUSINESS EXPENSE. IT CAN BE ITEMIZED DIFFERENT WAYS. THERE'S NO QUESTION -- JUST TO USE WHAT HE SAID, THERE ARE A LOT OF THINGS THAT...
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| 00:35:34 |
Brawner, Greta Wodele - Host
YEARS, MR. COOPER. YOU DO GOOD WORK. GUEST: THANK YOU.
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| 00:35:40 |
CALLER, -
CALLER: LOOKING BACK AT ALL OF THIS, I REALLY THINK THAT WHEN THEY LOOK BACK IN THERE WAS NOT A BUDGET PASSED BY HARRY
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| 00:35:49 |
CALLER, -
REID OR OBAMA FOR THE LAST FOUR YEARS, I REALLY THINK HISTORY WILL SAY IT HAD A LOT TO DO -- PEOPLE DO NOT REALIZE, IF THEY WOULD HAVE PASSED A BUDGET...
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| 00:36:50 |
Cooper, Matthew - Managing Editor
AGREE THAT BUDGET-PASSING -- WE WOULD BE IN A VERY DIFFERENT PACE. -- IN A VERY DIFFERENT PLACE. YOU'LL NEVER KNOW. THE ISSUE IS NOT ENTIRELY WHETHER...
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| 00:37:56 |
Brawner, Greta Wodele - Host
CONVERSATION TODAY, FOR YOUR PHONE CALLS, EMAILS. WE WILL BE BACK TOMORROW MORNING 7:00 A.M. EASTERN TIME FOR MORE. [CAPTIONING PERFORMED BY NATIONAL...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.