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Unidentified Speaker, -
SENATOR CHUCK SCHUMER. THE VICE CHAIR OF THE DEMOCRATIC CONFERENCE, HOSTED BY THE CHRISTIAN SCIENCE MONITOR, TO TALK ABOUT THE ELECTION, AND THE PARTY'S...
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| 00:00:18 |
Unidentified Speaker, -
THANK YOU FOR COMING. CHARLES SCHUMER. HIS LAST VISIT WITH THE GROUP WAS WAIT TOO LONG AGO IN 2006, WHEN HE HAD JUST LED THE DEMOCRATIC SENATOR CAMPAIGN...
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| 00:01:48 |
Unidentified Speaker, -
YOU. >> THANK
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| 00:01:49 |
Unidentified Speaker, -
YOU, DAVE. THANKS FOR THE INTRODUCTION. I JUST LEARNED WE HAVE FOUR NOBEL LAUREATES. AT ONE POINT, WE HAD THREE U.S. SENATORS, EACH OF A DIFFERENT PARTY....
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| 00:12:16 |
Unidentified Speaker, -
ON WHAT YOU WERE SAYING ABOUT THE IMPACT. DOES IT CAUSE YOU TO REASSESS THE POSSIBLE DAMAGE OR THE IMPACT OF CITIZENS' UNITED? >> I WAS THINKING, WHAT...
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| 00:12:37 |
Unidentified Speaker, -
MY GREATEST SUPPLIES IN THE ELECTION? -- SURPRISE IN THE ELECTION? WHAT I SAY HERE IS I AM HOPEFUL IT HAS PAVED THE WAY FOR SOME REFORM. I THINK REPUBLICANS...
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| 00:13:42 |
Unidentified Speaker, -
TO AVOID A FISCAL CLIFF. YOUR TALK ABOUT -- YOU TALKED ABOUT BOEHNER. "WE NEED REVENUES, BUT TO AGREE ON THE HIGH-AND PEOPLE." DOESN'T MATTER WHERE IT...
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| 00:14:00 |
Unidentified Speaker, -
FROM? >> YES. THE MOST FAILING FACT OF OUR POLITICAL ECONOMY IN THE LAST DECADE IS THAT MIDDLE-CLASS INCOMES HAVE DECLINED. THAT ACCOUNTS FOR A LOT OF...
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| 00:15:39 |
Unidentified Speaker, -
ABOUT [INDISCERNIBLE] 3 NUMBERS [INDISCERNIBLE] DO YOU HAVE A STRATEGY FOR TRYING TO PASS THE MIDDLE CLASS TAX [INDISCERNIBLE] ARE YOU TRYING TO DO THAT...
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| 00:16:14 |
Unidentified Speaker, -
THRUST OF YOUR QUESTION. I THINK MOST OF OUR COLLEAGUES SAY THE SENATE NEEDS TO BE FIXED, THAT THERE IS SOMETHING WRONG WITH IT. THERE WILL BE A LOT...
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| 00:16:38 |
Unidentified Speaker, -
SENATE WORKING BETTER. >> [INDISCERNIBLE] >> ANY AGREEMENT,
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| 00:16:45 |
Unidentified Speaker, -
BECAUSE WE HAVE TO PASS THINGS IN THE HOUSE AND SENATE, PASSED THE BAR PARTISAN -- HAS TO BE BIPARTISAN. IT WILL NOT BE A HURDLE. BY DEFINITION, IT WILL...
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| 00:17:10 |
Unidentified Speaker, -
ABOUT THE NOISE. >> THAT
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| 00:17:14 |
Unidentified Speaker, -
IS OKAY. THIS IS JUST FINE. I WOULD SAY YOU NEED A BIPARTISAN SOLUTION. IT WILL HAVE TO BE TRULY BIPARTISAN FOR THE OBVIOUS REASON THAT IT HAS TO PASS...
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| 00:17:35 |
Unidentified Speaker, -
SAY BOEHNER [INDISCERNIBLE] >> SPEAK
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| 00:17:41 |
Unidentified Speaker, -
UP A LITTLE? >> REPUBLICANS WILL STILL
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| 00:17:44 |
Unidentified Speaker, -
DEMAND DOLLAR FOR DOLLAR CUTS. IS A STRATEGY FOR DEALING? -- WHAT IS A STRATEGY FOR DEALING? >>
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| 00:17:56 |
Unidentified Speaker, -
THAT WILL NOT WORK. IT WILL NOT PRODUCE A COMPROMISE. IT IS A NO-REVENUE STRATEGY. A NO-CUT STRATEGY WOULD NOT PRODUCE A COMPROMISE, EITHER. >> THE COST
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| 00:18:09 |
Unidentified Speaker, -
OF LIVING IS HIGH. THE $250,000 PART INCOME PER FAMILY IS NOT A LOT OF MONEY. THE YOU THINK THE PRESIDENT IS FLEXIBLE ON THAT NUMBER? $500,000 OR $1 MILLION?...
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| 00:18:23 |
Unidentified Speaker, -
POSITION HAS BEEN, THAT I PREFER THE $1 MILLION MARK. THE MAIN POINT IS NOT WHETHER IT IS A MILLION -- $1 MILLION OR $250,000. WHETHER THAT IS GOING...
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| 00:18:47 |
Unidentified Speaker, -
GET THE REVENUES YOU NEED? DO YOU HAVE TO RAISE THE INCOME TAX ON THE WEALTHY TO GET THE REVENUES YOU NEED? >> IF YOU REDUCE THE RATES,
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| 00:19:00 |
Unidentified Speaker, -
YOU CANNOT GET THE REVENUES YOU NEED TO GET SIGNIFICANT DEFICIT REDUCTION WITHOUT FROHURTING THE MIDDLE CLASS, AS I SAID THAT IS THE REAL. THAT IS THE...
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| 00:20:10 |
Unidentified Speaker, -
QUESTIONS WAS, DESPITE YOUR OPTIMISM ABOUT SPEAKER BOEHNER, WHEN HE IS TALKING ABOUT REVENUES AND THE DEMOCRATS ARE TALKING ABOUT CHANGING THE RATES,...
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| 00:21:06 |
Unidentified Speaker, -
TO ME, AND I HAVE SAID THIS BEFORE, THE BEST THING TO DO IS COME UP WITH A SO-CALLED GRAND BARGAIN IN THE LAME-DUCK SESSION. THAT IS WHEN THE PRESSURE...
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| 00:22:10 |
Unidentified Speaker, -
BRIAN. >>
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| 00:22:12 |
Unidentified Speaker, -
HIGH. . TWO QUESTIONS. WHAT DO SEE THE SENATOR DOING QUITE HER SECOND TERM? DO YOU SEE HER AS A POSSIBLE CHAIR? OR SOMEONE ELSE? NUMBER TWO, WHAT IS...
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| 00:23:07 |
Unidentified Speaker, -
IT IS THE DAY AFTER THE ELECTION. I DO NOT KNOW WHAT WILL HAPPEN. YOU HAVE TO ASK PEOPLE, INCLUDING THE SENATOR, WHETHER SHE WOULD WANT IT. I HAVE NOT...
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| 00:25:50 |
Unidentified Speaker, -
OF THE SENATE CHANGED SIGNIFICANTLY WITH THIS ELECTION. I AM NOT TALKING ABOUT DEMOCRAT OR REPUBLICAN, BUT THE ELECTION OF WOMEN, THE MOST IN HISTORY....
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| 00:26:09 |
Unidentified Speaker, -
GREAT FOR POLITICAL AND SUBSTANTIVE REASONS. I PREFERRED WOMEN CANDIDATES. IN THE FOUR YEARS WHEN I WAS HEAD OF THE DFCC, WE INCREASED THE NUMBER OF DEMOCRATS...
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| 00:27:54 |
Unidentified Speaker, -
WITH THE DEMOCRATIC CONGRESSMAN AND EXPRESSED ADMIRATION FOR SOME SYMBOLS. -- FOR SIMPSON-BOWLES. I AM WONDERING IF YOU WOULD SHARE THOSE SENTIMENTS OR...
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| 00:28:20 |
Unidentified Speaker, -
SIMPSON- BOWLES DID THE COUNTRY A REAL SERVICE IN THREE BASIC WAYS. ONE, COMING UP WITH A BALANCED PACKAGE THAT HAS REVENUES. AROUND THE EDGES, YOU CAN...
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| 00:29:43 |
Unidentified Speaker, -
ON THAT ISSUE. >> -- OVERALL, THE BASIC STRUCTURE IS THE RIGHT WAY TO GO. SECOND QUESTION WAS -- LOOK, IT HAS TO BE A BALANCED APPROACH. ENTITLEMENTS...
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| 00:31:36 |
Unidentified Speaker, -
ME. JOHN. >> SPEAKER BOEHNER
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| 00:31:42 |
Unidentified Speaker, -
TALKED ABOUT NOT INCREASING TAX RATES FOR SMALL BUSINESSES. IF THAT FRAMEWORK COULD BE ACCOMPLISHED, WHAT KIND OF REVENUES COULD BE RAISED WITHIN THAT...
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| 00:32:03 |
Unidentified Speaker, -
BUSINESSES, HOW DO YOU DEFINE A SMALL BUSINESS? THAT IS ONE OF THE SLIPPERY SLOPES. DO YOU DEFINE A MULTIBILLION- DOLLAR ENTERTAINMENT COMPANY, SPORTS...
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| 00:33:30 |
Unidentified Speaker, -
THE SPEAKER BONNER HAS MADE HIS FIRST OFFER, WHEN DO YOU THINK IT IS APPROPRIATE AND EXPECTED THAT THE PRESIDENT WOULD COME FORWARD ON THE FISCAL CLIFF...
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| 00:33:52 |
Unidentified Speaker, -
KNOW WHERE THE PRESIDENT IS. HE HAS PUT TOGETHER A PLAN THAT DEALS WITH THE FISCAL CLIFF IN HIS BUDGET. HE HAS DONE SOME THINGS THAT ARE NOT POPULAR...
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| 00:35:37 |
Unidentified Speaker, -
TO GET TO THAT POINT? IS THERE A CONCERN THAT THE WHITE HOUSE COULD CUT A DEAL WITH THE REPUBLICANS? >> WHEN YOU
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| 00:35:53 |
Unidentified Speaker, -
HAVE GRAND BARGAINS, PEOPLE ON BOTH SIDES OF THE AISLE WILL NOT BE COMPLETELY HAPPY. THE IDEA IS TO GET AS MANY OF THEM HAPPY AS POSSIBLE. 60 OF THEM...
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| 00:37:15 |
Unidentified Speaker, -
ARGUMENT, LET'S ENVISION A PROCESS IN WHICH YOU GUYS DO GET SOME DEAL BY THE MIDDLE OF NEXT YEAR. THEN WHAT? WHAT IS THE DEMOCRATIC AGENDA, WHAT DEFINES...
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| 00:37:36 |
Unidentified Speaker, -
HAVE TO DO -- WE REALLY HAVE TO DO IS IMMIGRATION REFORM. IT IS A LITTLE BIT OF A MIRROR IMAGE LIKE THE FISCAL CLIFF. A LARGE NUMBER OF REPUBLICANS WANT...
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| 00:40:23 |
Unidentified Speaker, -
NEW YORK. >> EXACTLY. WHY? CALIFORNIA'S PER CAPITA CONSUMPTION -- 44% OF OUR ENERGY CONSUMPTION IS HEATING AND COOLING BUILDINGS, WHETHER RESIDENTIAL,...
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| 00:42:31 |
Unidentified Speaker, -
DEAL IS REACHED BEFORE THE END OF THE YEAR, DOES THAT REMOVE THE NEED FOR TAX REFORM, MORE COMPREHENSIVE TAX REFORM NEXT YEAR? >> MY VIEW IS
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| 00:42:41 |
Unidentified Speaker, -
THAT CORPORATE TAX REFORM SHOULD BE TREATED SEPARATELY. WHY? TO MAKE CORPORATE TAX REFORM WORK, YOU SHOULD NOT HAVE REVENUE INCREASES. YOU ARE PUTTING...
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| 00:44:20 |
Unidentified Speaker, -
IN RAISING MORE REVENUE FOR UPPER-INCOME AMERICANS. IT IS CLEAR THAT THE BIGGEST SINGLE ITEM IS THE CAPITAL GAINS. >> DID YOU HEAR THE SPEECH
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| 00:44:40 |
Unidentified Speaker, -
AND GIVE A COUPLE OF WEEKS AGO? EVEN I BELIEVE THE RATES SHOULD NOT GO UP -- IF WE ARE GOING TO RAISE THE TOP RATE ON PEOPLE ABOVE 250, CAPITAL GAINS...
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| 00:45:52 |
Unidentified Speaker, -
OF SPEAKER BOEHNER. I AM WONDERING WHAT YOU HEARD AND WHAT YOU THINK HIS ROLE IS GOING TO BE. >> I WOULD HOPE
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| 00:46:02 |
Unidentified Speaker, -
THAT HE AND SPEAKER BOEHNER WORK TOGETHER. ON FISCAL REFORM, SPEAKER BOEHNER HAS TAKEN THE LEAD. MY VIEW IS THAT IF WE WOULD HEAR SOME VOICES FROM THE...
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| 00:46:33 |
Unidentified Speaker, -
SAM. >> A BROAD QUESTION
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| 00:46:41 |
Unidentified Speaker, -
ON HOW YOU SEE THE DEMOCRATIC PARTY AND TURNING THE STAGE OF GOVERNMENT VERSUS TWO YEARS AGO OR SUMMER OF 2011. >> FIRST, DEMOCRATS --
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| 00:47:00 |
Unidentified Speaker, -
I THINK WE HAVE GOT MUCH BETTER ON FOCUSING BOTH OUR POLICIES AND OUR MESSAGE ON THE MIDDLE CLASS FOLKS. WE UNDERSTAND THE DILEMMA -- LET ME TAKE A STEP...
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| 00:48:59 |
Unidentified Speaker, -
THE REPUBLICANS? AFTER 2010 -- >>
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| 00:49:03 |
Unidentified Speaker, -
WE READJUSTED. USUALLY, POLITICAL FORCES ARE VERY POWERFUL. THEY ARE ALMOST LIKE SANDY BUT IN A POSITIVE SENSE. THERE WAS A LOT OF RESISTANCE TO GOING...
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| 00:50:55 |
Unidentified Speaker, -
ABOUT THREE MINUTES LEFT. WE HAVE TWO NEW YORK INSTITUTIONS THAT NEED TO ASK QUESTIONS. WE'RE GOING TO START WITH TOM DID FRANK. >>
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| 00:51:04 |
Unidentified Speaker, -
HE IS AN INSTITUTION. >> THE NEXT QUESTION
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| 00:51:10 |
Unidentified Speaker, -
WILL BE FROM, FROM NEWS 8. >> SENATOR MCCONNELL IS
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| 00:51:16 |
Unidentified Speaker, -
ONE OF THE SMARTEST REPUBLICAN LEADERS, AS YOU HAVE TALKED ABOUT. WHY WAS THE STATEMENT TOTALLY DIFFERENT FROM BOEHNER? IS IT BECAUSE HE IS WORRIED ABOUT...
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| 00:51:37 |
Unidentified Speaker, -
MCCONNELL -- WE HAVE DISAGREED ON A LOT OF ISSUES. HE IS VERY GOOD AT READING THE POLITICAL WINDS. I THINK HE WILL, IN THIS CASE. >> WE
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| 00:51:50 |
Unidentified Speaker, -
ARE IN THE MIDST OF TALKING ABOUT ALL THESE SPENDING CUTS AND WAYS OF SHRINKING GOVERNMENT A LITTLE BIT. JUST RECENTLY, THE NOR'EASTER BLEW OUT MORE...
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| 00:52:22 |
Unidentified Speaker, -
TO BE A LITTLE BROADER ON THIS. DISASTER RELIEF HAS BEEN A FEDERAL GOVERNMENT RESPONSIBILITY FOR A LONG TIME. THIS IS NOT BRAND NEW. IT HAS BEEN HERE...
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| 00:54:36 |
Unidentified Speaker, -
HAVE SAID THAT THERE MAY BE SHOULD BE A DOLLAR-TO-DOLLAR CUT. >>
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| 00:54:42 |
Unidentified Speaker, -
ABSOLUTELY. THE REASON IS VERY SIMPLE. YOU ARE GOING TO DELAY THE RELEASE. THE QUICKER YOU DO RELIEF, THE CHEAPER IT GETS AND THE QUICKER THE RECOVERY....
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| 00:55:15 |
Unidentified Speaker, -
THANK SENATOR SCHUMER FOR DOING THIS. THANK YOU SO MUCH. APPRECIATE IT. >>
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| 00:55:20 |
Unidentified Speaker, -
THANK YOU, DAVE. I AM GOING DATA A LITTLE COLD EGGS. -- TO HAVE A LITTLE COLD EGGS. [CAPTIONING PERFORMED BY NATIONAL CAPTIONING INSTITUTE] [CAPTIONS...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.