a cliff dive means blaming president obama for a big dive in the short term. jonathan allen goes on to say ooh an easier sell to constituents than a pre-cliff deal. are there members holding out to gain political ground back home, marte in? i don t think so. i think think that s an awfully cynical view and there are pressures on members that some of your other guests have talked about, some of the tea party members who feel like they might get a primary against them or they might not be able to be reelected if they went down this road. here s the problem. if i understand correctly what happened recently, there are 190 republicans who are ready to vote for plan b. there are 50 republicans who will vote no in the republican conference and so boehner said because he being aren t get 218 votes he would let the 50 who would vote no overrule the 190 who would vote yes. that s an enormous problem from
court. all right. thanks to you. today s news nation gut check. the fiscal cliff specifically an article today of why they want to go over the cliff. there s the article. he writes in part, for many republicans a cliff dive is blaming president obama for a big tax hike in the short term and then voting to cut taxes for most americans next month. for democrats, better than setting a rich man s cutoff in the million dollar range or extending tax cuts for all earners and slashing entitlem t entitlements to appease republicans. what does your gut tell you? do they want to go off the fiscal cliff? go to facebook.com/newsnation to vote. that does it for us. i m craig melvin in for tamron hall. the cycle up next and go skins.
i mean, what happens if we go over this cliff? well, you really have to distinguish between going over the cliff and quickly reversing the damage, meaning in a matter of weeks, which is still impossible. if we go over and stay over, a couple of million people will lose their unemployment benefits. eventually, taxes will increase for millions of others. the payroll tax holiday will probably be gone either way. once we go over the cliff, the economic pain will be forthcoming. and can be significant. give me a yes or no. are we going over the cliff? or will it be a last-minute deal? i think we re going over. yes and i m hope it s not a cliff dive. i m with jared. all right, we ll be watching to see if your predictions come true.
former chief economist and economic policy adviser to vice president joe biden. that s just some of the details as you so well know here but let s remind ourselves, though, of this word that we have been using. that was termed by mr. bernanke. he called it a cliff. but really right. it is like falling down stairs, isn t it? right. more so a staircase or a slope in the sense that some of the damage you just described actually takes a while to arrive and if congress is able to quickly reverse the cliff dive, it could be more and i have heard folks use this, more of a bungee yump to get back up to the cliff. at the end of the day, right. the tax increases you noticed, these are tax increase that is are fazed in over the course of 2013. so it s not until april 2014 when you re filling out the tax bill for the prior year that you would be looking at some of the increases you just described. now, a couple of nuances,
morphin power rangers. actually what she really should have said is i m hillary clinton and i approve this me message. up next, how a treaty intended to protect the rights of people with disabilities is showcasing an angel divide in the republican party. plus, we re expecting some breaking news this hour. will the supreme court agree to take up the issue of gay marriage and how did it plan on taking it up? we can find out any minute. we re going to be live at the supreme court. and could going over the fiscal cliff actually be the fiscally smart move? a deep dive into what a cliff dive means for washington and millions of american families. but first, a look ahead at the president s schedule today. a public speech today at the threat reduction symposium. some interesting remarks about dick lugar, i m sure. also more about nuclear proliferation. perhaps iran. should be interesting, an interesting speech to watch and