| 00:00:03 |
Unidentified Speaker, -
CONGRESS TALKED ABOUT AVOIDING THE DEATH SEQUESTER. CONGRESSMAN LEVIN IS THE RANKING MEMBER ON HOUSE WAYS AND MEANS COMMITTEE. IS THAT THIS IS SPONSORED...
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| 00:00:28 |
Cook, David T. - Senior Editor and Bureau Chief
COMING. I AM DAVID COTE FROM THE MONITOR. OUR GUEST THIS MORNING IS REPRESENTATIVE SANDER LEVIN OF. HE IS A DETROIT NATIVE. HE HAS A MASTERS IN INTERNATIONAL...
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| 00:01:56 |
Levin, Sander Martin - U.S. Representative, [D] Michigan
ALL FOR JOINING US. I WAS THINKING YESTERDAY AS I WAS LISTENING TO THE PRESIDENT ABOUT PAST CONFLICTS OVER THE DEFICIT REDUCTION. MARK AND I WERE TALKING...
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| 00:10:02 |
Unidentified Speaker, -
PRESIDENT SAYS HE'S NOT GOING TO TALK ABOUT THE DEBT CEILING, SPEAKER BOEHNER SAID IT CAN BE DONE UNLESS WE CUT SPENDING AT THE SAME TIME. WHAT ARE THE...
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| 00:10:39 |
Unidentified Speaker, -
THEY ARE GOING WITH THE AMERICAN ECONOMY AND THE GLOBAL ECONOMY. CLOSER YOU GET TO THE FISCAL CLIFF, I THINK THE LESS LIKELY IT IS THAT THE U.S. WILL...
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| 00:11:06 |
Unidentified Speaker, -
TAX REFORM. MUTUAL POLITICAL LAST WEEK THAT A BALANCED APPROACH TO PLACING THE SEQUESTER WITH BENEFITS AND REVENUES SHOULD ACCELERATE TAX REFORM, AND...
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| 00:11:44 |
Unidentified Speaker, -
HAVE TO SOLVE THIS DEBT CRISIS IN TERMS OF SEQUESTRATION AND IN TERMS OF THE FULL FAITH AND CREDIT OF THE U.S. AND. WE ARE NOT GOING TO ACCOMPLISH TAX...
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| 00:12:58 |
Unidentified Speaker, -
ON. >> [INAUDIBLE QUESTION] I'D LIKE TO ASK YOU ABOUT ONE OF THE BIG THINGS INVOLVING ENTITLEMENT REFORM. HOW BIG OF A PACKAGE WOULD YOU NEED TO SEE...
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| 00:13:34 |
Unidentified Speaker, -
HAVE TO TAKE THE DEBT CEILING OFF THE TABLE FOR A CONSIDERABLE PERIOD OF TIME. SECONDLY, REGARDING ENTITLEMENT REFORM, LET'S TAKE MEDICARE AS AN EXAMPLE....
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| 00:15:52 |
Unidentified Speaker, -
WE WOULD LIKE TO BE PART OF THE FISSILE TALKS OVER SEQUESTRATION AND CONTINUING RESOLUTION. THESE ARE PART OF THE CRISIS IS THAT WE ARE FACING THE NEXT...
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| 00:16:29 |
Unidentified Speaker, -
LEGAL MERITS? THAT THERE IS NO WAY THE TREASURY CAN, YOU KNOW, EFFECTIVELY PREVENT THE CONSEQUENCES OF BREACHING THE DEBT CEILING IF IT'S NOT RAISED?...
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| 00:16:43 |
Unidentified Speaker, -
NO. TWO WELL, IT GETS BACK TO THE FIRST QUESTION ABOUT WHERE WE ARE. TO MY COMMENTS ABOUT THE CHANGE IN REPUBLICAN RANKS, REALLY THINK THE PRESIDENT...
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| 00:18:51 |
Unidentified Speaker, -
FINLAY LEWIS. >> I'M NOT
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| 00:19:03 |
Unidentified Speaker, -
SURPRISED. >> ASSUMING
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| 00:19:04 |
Unidentified Speaker, -
THAT THERE IS A NEGOTIATION THAT DOES RESOLVE A FAIRLY COMPREHENSIVE DEAL BETWEEN THE EUROPEAN UNION AND ITS, AND TAKING A LOOK AT THE ISSUES, THAT'S...
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| 00:19:43 |
Unidentified Speaker, -
A MEETING OF A GROUP THAT IS LOOKING AT THIS. AND IN MY POSITION, SHOULD UNDERTAKE SERIOUS DISCUSSIONS BETWEEN THE UNITED STATES AND THE EUROPEAN UNION....
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| 00:21:14 |
Unidentified Speaker, -
NONTARIFF TRADE, IT IS FANCY LANGUAGE FOR REGULATIONS. WHETHER WE WILL ALLOW EUROPEAN BEEF THAT COULD BE CONTAMINATED WITH MAD COW DISEASE. INEVITABLY...
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| 00:22:02 |
Unidentified Speaker, -
ISSUES WITH SAFEGUARDING OTHER COUNTRIES. WE DID THAT IN THE NEGOTIATIONS WITH COLOMBIA. WE DID THAT IN NEGOTIATIONS WITH PANAMA. IF ANY TWO ENTITIES...
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| 00:23:18 |
Unidentified Speaker, -
TALK ABOUT THE REPUBLICAN PARTY CHANGING. WHEN THE DEMOCRATS WERE THE MAJORITY, THEY HAD BLUE DOG DEMOCRATS FROM SOUTH CAROLINA AND MISSISSIPPI AND...
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| 00:24:01 |
Unidentified Speaker, -
LOOKED OVER THE WAYS AND MEANS WHEN I ENTERED IN THE NEXT TWO YEARS. I DID THAT YESTERDAY. THAT WILL GIVE US A CHANGE IN BOTH DEMOCRATS AND REPUBLICANS....
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| 00:28:35 |
Unidentified Speaker, -
ARE GOING NEXT TO JOHN MCKENNA, MICHAEL WARNER, JENNIFER DEPAUL, PAIGE CUNNINGHAM, STEPHEN COOPER AND ROBERT SAUSAGE OR TWO AND. >> CAN YOU TALK MORE...
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| 00:28:47 |
Unidentified Speaker, -
TAX REFORM AND ENTITLEMENT REFORM, HOW YOU SEE THE PROCESS UNFOLDING, ARE THOSE TWO THINGS GOING TO THE LINK? DO YOU HAVE A TARGET IN MIND FOR THE...
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| 00:29:07 |
Unidentified Speaker, -
DEFICIT REDUCTION, HAVE INDICATED THAT I THINK IS A REASONABLE TARGET. I THINK WHAT WE ESSENTIALLY HAVE TO DO IS TO MOVE THE RATIO CLOSER TO 73% AND...
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| 00:33:51 |
Unidentified Speaker, -
I DON'T KNOW ABOUT EVERYBODY ELSE, BUT EVEN THOUGH WE'VE BEEN THROUGH THIS THEY STILL HAVE THIS TYPE TO INITIATE AND I'M WONDERING IF YOU CAN TELL ME...
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| 00:34:08 |
Unidentified Speaker, -
I THINK OUR CREDIT RATING WOULD GO DOWN. AND HOW WOULD WE PAY THE BILLS? HOW WOULD WE PAY SOCIAL SECURITY POINTS HOW WILL WE PAY VETERANS? [INAUDIBLE]...
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| 00:34:25 |
Unidentified Speaker, -
ARE SAYING PICK AND CHOOSE. AND SO, LET'S HAVE A VOTE HERE, WHICH ONES WOULD REPAIR IT? WHICH ONE WOULD NOT OCCUR RIGHT AWAY? I MEAN, THE PRESIDENT WAS...
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| 00:34:51 |
Unidentified Speaker, -
FIRE. >> WIFE? I DON'T UNDERSTAND I GUESS. WHY ARE THEY PLAYING WITH FIRE? WHAT WOULD HAPPEN? >> THOSE ARE TWO
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| 00:35:02 |
Unidentified Speaker, -
DIFFERENT QUESTIONS. THE REPUBLICANS HAVE SOME IDEA WHAT WOULD HAPPEN. WE'VE BEEN THROUGH THIS WITH THE CREDIT RATING AND I THINK ESSENTIALLY THEY...
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| 00:36:04 |
Unidentified Speaker, -
GO ANOTHER PERSON. >> DEMOCRATS AS
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| 00:36:08 |
Unidentified Speaker, -
DANGEROUS. IS IT TO THE REPUBLICAN STRATEGIC ADVANTAGE TO GET TO THAT POINT AND GET AS MUCH AS THEY CAN OUT OF YOUR PARTY? >> NO, BECAUSE I DON'T
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| 00:36:18 |
Unidentified Speaker, -
THINK THAT IS A WEAPON THAT WILL MOVE US. >> SO IT'S NOT
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| 00:36:26 |
Unidentified Speaker, -
THAT DANGEROUS -- >> NO, IT IS
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| 00:36:29 |
Unidentified Speaker, -
DEEMED DANGEROUS. IT IS VERY DANGEROUS. IT IS SO DANGEROUS THAT THIS COUNTRY SHOULD NOT PLAY WITH IT AND THE PRESIDENT ESSENTIALLY SAYS, I DON'T WANT...
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| 00:36:54 |
Unidentified Speaker, -
THE WYOMING LEGISLATURE WANT TO USE THE UNEMPLOYMENT REFORM IN THE PAYROLL TAX CUT BILL FROM LAST YEAR SO THEY CAN DRUG TEST UNEMPLOYED PEOPLE. THE LABOR...
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| 00:37:15 |
Unidentified Speaker, -
THE ONLY TWO PROVISIONS THAT WE ARGUED ABOUT IN THE CONFERENCE COMMITTEE, RIGHT, IT ONLY MAKES APPROPRIATE IF YOU CAN DRUG TEST SOMEBODY WHO WAS LET...
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| 00:37:55 |
Unidentified Speaker, -
THE LABOR DEPARTMENT IS TRYING TO FIGURE OUT RIGHT NOW. IT WILL BE RELATIVELY FEW, NOT A MAJORITY? >>
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| 00:38:05 |
Unidentified Speaker, -
THE NOTION THAT IT WAS A MATURITY WAS A FIGMENT OF SOME OF HIS IMAGINATION. THERE IS NO EVIDENCE THAT MOST PEOPLE WHO WOULD BE COVERED BY A, THAT THAT...
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| 00:38:46 |
Unidentified Speaker, -
DAVOL EXPRESSED CONCERNS WITH LETTERS TO YOU AND YOUR COLLEAGUES REGARDING AS YOU TALK ABOUT SEQUESTRATION, SHIFTING THE BURDEN FROM FEDERAL GOVERNMENT...
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| 00:39:24 |
Unidentified Speaker, -
VERY CONFIDENT. I AM HOPEFUL. SECONDLY, IN TERMS OF 28%, AND THAT'S WHY WE NEED TO HAVE A SERIOUS DISCUSSION. THE ADMINISTRATION'S PROPOSAL HAD ITEMIZED...
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| 00:42:24 |
Unidentified Speaker, -
MEDICAID REFORM. HE SAID UTAH'S RED THESEUS INEVITABLY FROM FEE-FOR-SERVICE MODELS, BUT WHEN I ASK REPUBLICANS, IT SEEMS AS THOUGH THEY'RE SKEPTICAL....
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| 00:42:57 |
Unidentified Speaker, -
THOSE. I MENTIONED MY CONCERN ABOUT AGE. I THINK WE NEED TO HAVE A VERY SERIOUS DISCUSSION ABOUT IT AND HOW IT WOULD HELP -- HOW WOULD FIT IN HOW PREFORM...
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| 00:45:19 |
Unidentified Speaker, -
READY TO CONSIDER ROE MEANS TESTING. WHEN PEOPLE SAY LET'S DO MEANS TESTING, WE DO IT FOR PART E. AS YOU KNOW. WE DO FOR PRESCRIPTION DRUGS. SHOULD...
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| 00:45:51 |
Unidentified Speaker, -
JARGON AND DCS TAX REFORMS BROUGHT A SLOW RETURN RATES. THE POSTER THIS OVER AND OVER. SO THE IDEA OF TAX REFORM SHOULD BE REVENUE NEUTRAL, IS THAT...
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| 00:46:10 |
Unidentified Speaker, -
KNOW, BUT WE NEED TO MOVE AWAY FROM THE WRITER ERIC. I MEAN, I SENT THIS AT THE BEGINNING. 25% TOP RATE AND NOT DAVE CAMP HAS SUGGESTED THAT NEEDS TO...
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| 00:47:12 |
Unidentified Speaker, -
IS THE PRESIDENT WILL STICK AS I'M NOT GOING TO DISCUSS OR NEGOTIATE THE DEBT CEILING STANDS AS WE APPROACH THEM IN FEBRUARY OR MARCH DEADLINE? AND...
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| 00:47:40 |
Unidentified Speaker, -
IT'S A MATTER OF SAVING FACE REALLY. I THINK AGAIN THE PRESIDENT WAS RIGHT TO BE BLUNT AND I THINK WHAT WILL HAPPEN IS THE REPUBLICANS EVENTUALLY WILL...
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| 00:48:23 |
Unidentified Speaker, -
NOT GOING GOING TO DISCUSS IT. >> HE SAID HE DIDN'T
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| 00:48:28 |
Unidentified Speaker, -
WANT TO DISCUSS THE DEBT CEILING. HE SAID HE WANTED TO DISCUSS WHAT IT WOULD TAKE TO AVOID SEQUESTRATION. >> I WANTED TO CHANGE
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| 00:48:41 |
Unidentified Speaker, -
THE SUBJECT. I WANTED TO CHANGE THE SUBJECT TO GUN CONTROL. YOU ARE HERE WHEN THE ASSAULT WEAPONS BAN PASSED. I'M CURIOUS IF THIS DEEP DIVIDE BETWEEN...
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| 00:49:06 |
Unidentified Speaker, -
REALISTIC. YOU KNOW, I THINK THE GROUND IS SHIFTING. I THINK THE GROUND SHIFTED WHEN IT CAME TO HOW WE DEAL WITH THE DEFICIT IN THIS COUNTRY. I THINK...
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| 00:52:06 |
Unidentified Speaker, -
ONE. YES, MA'AM. >>
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| 00:52:12 |
Unidentified Speaker, -
POSSIBLE LOOPHOLES YOU MIGHT INCLUDE IN THIS TAX REFORM PACKAGE. WHAT MIGHT BE IN THERE FOR ENERGY IN TERMS OF TARGETING OIL AND GAS TAX BREAKS IN THESE...
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| 00:52:34 |
Unidentified Speaker, -
YOU KNOW, IS THIS LAST QUESTION? >> I'LL BE
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| 00:52:42 |
Unidentified Speaker, -
REALLY QUICK. OIL AND GAS CAME WITHIN A PROVISION THAT WE PASS TO REPLACE THE PROVISION WE HAVE FOR MANUFACTURING IN THIS COUNTRY BECAUSE THE WTO HOBBIT...
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| 00:53:47 |
Unidentified Speaker, -
LAST QUESTION. >> WE HAVE TO ASK,
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| 00:53:53 |
Unidentified Speaker, -
RIGHT? >> I'M SORRY,
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| 00:53:56 |
Unidentified Speaker, -
FRANCINE. MY ABILITY TO SEE AROUND CORNERS. [INAUDIBLE] >> EVERYTHING
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| 00:54:06 |
Unidentified Speaker, -
YOU WOULD'VE RUN OUT OF THE TAX REFORM PROCESS HAS BEEN DEALT WITH THE LEAST AND I HALFSTEP MASHER TO MAKE IT MAYBE NOT IMPOSSIBLE, BUT MUCH LESS LIKELY...
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| 00:54:31 |
Unidentified Speaker, -
THAT. WHAT I'M SAYING IS I THINK WE TOOK SOME STEPS IN THE LAST PACKAGE THAT HAS SOME RAMIFICATIONS FOR TAX REFORM. BUT I'M NOT SAYING THAT WE SHOULD...
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| 00:56:56 |
Unidentified Speaker, -
WE HAVE ABOUT TWO MINUTES LEFT. FRANCINE. >> THE QUESTION
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| 00:57:01 |
Unidentified Speaker, -
ITEMIZED REDUCTIONS. WHAT IS YOUR THOUGHT OF HAVING A CAP AND ITEMIZED DEDUCTIONS THAT PEOPLE USE FOR WHATEVER THEY WANT. MORTGAGE OR A CHARITY OR...
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| 00:57:16 |
Unidentified Speaker, -
A CAT IS THAT IT HAS TO SERIOUSLY CONSEQUENCE, ESPECIALLY FOR CHARITABLE CONTRIBUTIONS. BECAUSE A SUBSTANTIAL PORTION OF THE CHARITABLE CONTRIBUTIONS...
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| 01:02:12 |
Unidentified Speaker, -
THANK YOU FOR TAKING ALL THE TIME AT THIS. >> MY PLEASURE. >>
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.