It is always about money. Melissa all right. First the days market headlines. A bad day for stocks just keeps getting worse. A News Conference by president obama only amplified fears about the fiscal cliff and down to a 4month low down 185 points. Banks of america led the slide, closing down more than 3 1 2 . One bright spot, cisco shares surged 5 on an earnings beat. Now to our top story, president obama may be a betting man because he is trying to double down on how much tax revenue will be raised as part of the fiscal cliff deal. After meeting with Business Leaders today and Union Leaders yesterday, the report president is reportedly takg a hardline with the gop, pushing for a 1. 6 trillion tax hike on corporations and the wealthy over the next 10 years. Here it comes. Joining me is union leader. Thanks so much for joining us. Youre the national, sorry, the president of the National Education association. You attended the president s meeting with labor leaders at the white house. Thanks for joining us. What was the tone of that meeting . Well the tone of the meeting was very positive. I think it was a time for people to express their interests and in areas tat they definitely want to have considered. Obviously as you mentioned it was just one of three meetings this week. I joked with him i wish i could have attended all three. I think they would be very different meetings and very interesting. Melissa what you dough mean about that . What do you think was differenfor the ceo meeting for example . I believe everybody has different perspective. I was High School Math teacher for 23 years. Now i serve as president of nea. Step one, if congress does nothing it will have devastating impact on education. The acrosstheboard cuts would cut 8. 2 from the federal education budget. Would impact nine million students. 76,000 educators laid off. Which means class size continue to go up. Needed programs are eliminated. For congress to do nothing the outlook is very bleak for students in america. Melissa i hear what youre saying but everybody is looking down the barrel of this thing and saying, that they dont want it to come from them. They all feel the same way you do, whether talking about tax hikes or cuts in different spots. Doesnt everybody have to give something here . Absolutely. In you look a year ago we gave, 1. 7 billion in cuts, with zero dollars of revenue to match it. Melissa i know but that is what everybody is saying as well. There are saying weve already been through severe cuts. Were looking at a huge gap what needs to be done here and what is actually out there. Is there anything more than you would be willing to give at this point . Well i think what we need to look at is there a way through this . There is 1. 2 trillion problem we have to solve. If the tax cuts, bush tax cuts for the wealthiest 2 a allowed to expire that 827 billion. Melissa that is the other side. That is not your side. I appreciate what youre saying. Seems like everybody has to put something on the table here. Just sort of soaking the rich isnt even going to close the whole gap. Well, we can close the whole gap. That 1. 7 billion did impact the middle class immensely. 400,000 educators lost their jobs. Class sizes went up. Programs were eliminated. So they have. But you know, not only the tax cuts on the wealthiest 2 if those expire, if we close loopholes that allow profits from offshore not be taxed at all. If we close loopholes that corporations who make billions pay zero, that is another 268 billion. Talk about tax fairness. Melissa that is still the other side. Is there one thing that you could get from your side . Is there a cut own your side . Is there anything you can contribute to the table . If we told everyone you have to put something on the table what would your thing be . My point that we already put it on the table and it has been cut. Melissa nothing. There is nothing you would put on the table from here . We put it on the table. We lost 400,000 jobs. We lost class size. We lost benefits. We lost contributions to pen ounce shuns. We paid. There were zero dollars of revenue. It is time to take balanced approach. One of the most unfair things about taxes in america if you earn your income by working, or if you earn your income by wealth they tax it differently. Warren buffett said why in the world. Melissa you sound exactly like the president. Youre not, youre making the same arguments again and again and not coming to the table with anything new. I mean, this is why americans are so frustrated right now. Because we hear all of this fighting in washington and everyone is sticking to their own point and not putting anything new on the table. No, what is not being put on the table is the fact that 1. 7 trillion in cuts where there was no matching revenue. I think a balanced approach is very fair. The American Public understands that. Melissa that is not a balanced approach. This is onesided approach. Youre saying lets raise taxes on wealthy and raise taxes on corporations. I mean do you understand that those people are then going to spend less in the economy, they will hire fewer people . This will stall the economy . Onesided approach would be if we were only looking at revenue side. But it is not. It is a balanced approach. Melissa so what are you putting on the table . What is balanced approach . Put one thing on the table . One thing that youre willing to cut spending on . They have cut spending by eliminating 400,000 jobs in education. They put their jobs on the line. They lost their homes. The middle class has paid. The problem is, there is no balance and there has been nothing on the revenue side. It ought to be balanced approach between cuts and revenue. Now theyre talking about the revenue side. A year ago they were talking only cuts. Melissa i agree needto be balanced approach and revenue and youre not putting any cuts on the table whatsoever. Youre on talking about soaking the other side for revenue. Thats why were in the position for the other side. Nobody is willing to compromise. Thanks for coming on the show, i appreciate it. You bet, thank you. Melissa all right speakg of having no confidence in solving our financial problems, now i have no confidence in solving our financial problems after that covers. One republican state representative from montana has lost so much faith in the u. S. Dollar, thanks to the deficit, that he is asked the state legislature to pay his salary in gold. Representative jerry oneill joins me now by phone in a fox business exclusive. Thanks so much for joining us. Did you hear that last conversation by the way . Yes i herd most of it. Very frustrating. How do you feel about that . This is sort of, this is the stalemate. This is the position that were in. Everybody thinks they have contributed and dont want to have anything more. I feel like well fly off the cliff. We have onl got two choices. One is the federal government is going to tighten their belt and pay down the debt. Or two, theyre going to continue running up the debt like theyre doing now and well go bankrupt. If they tighten their belt and pay down the debt well be hungry but at least well pass freedom on to our kids. If they continue on like now, i dont know who will take over the government in the next 10 years. Melissa i just dont understand. If this were my household i was staring down the barrel of this problem i would say, listen, guys, we have to spend less money. Anyway, this is not what im supposed to be talking to you about. Im supposed to ask you about why you want to be paid in gold. Why are yo losing faith in the dollar . That is absolutely what youre talking about is why i want to be paid in gold because the we continue spending all this money that we dont have and we continue printing money to pay for it and some day somebody will lose faith in it and money will be worthless. The way it is money is devaluing very fast. In about the year 2,000 i bought a role of Gold American eagles. I paid 3600 for it. In 2006 i ran for justice of the peace in northwest montana. I needed money. So i sold the role of double eagles, Gold American eagles, sold them for 6,000. So they inflated 2400 in six years. If i had that roll of american gold eagles now they would be worth about 18,000. Melissa no. Definitely. A lot of people are saying right now, especially, i mean you heard that last gentleman. If you want to raise taxes on Capital Gains and on investment income, then no one is going to invest as well. There is no poi putting your money in stocks. Youre right, everybody will be hiding in gold. What makes you think the devaluation of the dollar is coming anytime soon . I hear what youre saying about inflation but as it is right now, were still paying our bills and were still sort of the best security in the world. Others are closer to having their currency be worthless than us. So people are still willing to back the dollar. What making you think it is coming to an end anytime soon . I know lots of friends are waiting for the Second Coming of christ too. Is it going to come tomorrow . Is it going to come in our lifetimes . I dont know. But it seems to me, well, for the value of, when my roll of Gold American eagles that went up from 3600 to 18,000, that was actually the dollar devaluing. The dollar is devaluing. It devalued that much between 2000 and 2012, in 12 years. It went from 3600 to, it went from, basically, the it went down that much. And, i, as long as congress, the government spends as much money as theyre spending there is no way other than the value of the dollar is going down. Melissa yeah. Jerry oneill, thanks so much for joining us. Interesting perspective. Okay, thank you for having me. Lissa here is our question of the day. Should elected officials be paid in gold . I might want to be paid in gold from now on. Im not sure. Have to think about this. Like us on facebook. Co facebook. Com melissafrancisfox. Or follow me on twitter, on melissaafrancis. Stil irritated from the first interview. Will take the commercial to calm down. Hanging over the fiscal cliff, how the carbon tax could be slipped in to seal a final deal. Plus drivers love to find the cheapest place for gas. But just one florida gas station just doesnt care, charging 3 above its competition. They are raking it in. And theyre not alone. This could be happening near you, if youre not careful. Well explain it. More money coming up. Melissa one of the ideas being floated as part of a deal on the fiscal cliff to start taxing companies for their Carbon Emissions of the why not . Let just tax the hell out of them. A new report finds a carbon tax could cut the debt 12 to 50 next 10 years without raisin anyones income tax. But if the companies who get hit with the tax just pass them onto the consumer, duh, who is it helping . Here for more is charles bustany, republican congressman from louisiana. Member of the house ways and Means Committee. Sorry from the sarcasm. Im getting a little frustrated this evening. What do you thinkbout th issue . Is this a good idea . Is this a solution . That is a dead issue. That is not even under consideration. We need to do tax reform to lower rates across the board for famili. I dont want to raise taxes on south louisiana famies or American Families, i can tell you that. If we dont deal with the fiscal cliff the average family wl see 3500 tax increase. And very well could throw us into recession. Bottom line is, we need to get the fundamental tax reform, to lower rates across the board, to simplify the code and really modernize the code so american businesses can be competitive. And we could take the tax burden off of families. That will help this economy grow. Melissa yeah. You know it feels like at this point everyone sort of keeps repeating the same thing from their side and were all talking past each other. Is there any way were coming to a solution here . Well, Speaker Boehner will be meeting with the president on friday. And well hear some of the basic outlines what is being put on the table at that point in time. We on the ways and Means Committee will be very actively engaged in working with our chairman, dave camp, to provide good information to the chairman and to Speaker Boehner about what we want to do with tax reform. Bottom line is this. We have to stop this massive tax hike that will hit American Families and businesses at the end of the year. Melissa yeah. Then pivot to fundamental tax reform. And theyre going to be things on the table but increasing tax rates is not one of them. I will not vote to encrease tax rates. Melissa you know, congressman, this segment was supposed to be about the carbon tax, like Everything Else we cant talk about anything beyond this fiscal cliff. I mean it is getting in the way of everything iluding this segment. We had somebody on from the Teachers Union or teachers education, National Education association i should say at beginning of the show who was completely stuck on this idea of we absolutely have to raise tas on the wealthy and on corporations. You heard the president earlier today. He echoed the same thing. He really doubled down with a hardline. What im hearing from you is a pretty hardline as well. It makes me think, im not sure were going to get to a solution here . It is starting like were really going to go careening over the cliff . That is a concern and i think what we need to do is get to the negotiation table. The prident needs to hear our side very clearly. Raising tax rates on families and businesses right now in this very sluggish economy is a disaster. It is a disaster. Because, it could very well throw us back into recession, number one and secondly, jobs. If you want to create jobs, let businesses keep more of their hardearned money and invest it in things they do best. So i think the focus really has to be on jobs and the economy right now. Raising taxes is the definitely the wrong approach. That is why we need to, extend these rates, the current rates, lower rates, for the timebeg. Melissa yeah. Extend them for a year. Lets pivot into real tax reform where we have more time to have real discussion how to do that. Melissa i hear what youre saying. You said the president has to hear us. I heard him earlier today. He does not hear you. I mean he is absolutely adamant. If anything he doubled down today on his threat to raise taxes on the wealthy. Where do you go from there . You say he has to hear you. He is not going to hear you. So then what . Well, i think he had meetings today with the ceos of companies. I hope he heard the message loud and clearly, that raising taxes right now is not a good thing for business and for job creation. So were going to stick to our guns on this. Well have to have Speaker Boehner get to the negotiating table and well see what the initial parameters are on this discussion. Melissa i dont know. I saw that crew walking in. It was the same crew of ceos that has been in there talking to him forever. I dont know what they said but they have never changed his mind before if they even tried. Im starting to get really scared about this. Thanks for coming on the show. We certainly appreciate your time. Great to be with you, thanks. Melissa dont know well solve this, right . Coming up on money, would you go to a gas station charging 3 more a gallon than all the others in your area . It sound like a really stupid business model, right . One florida station does it and theyre cashing in. Plus what sanctions . Irans oil exports reportedly spiked 30 . It is not stopping the government from starting their own gas rationing. Well explain all this coming up. Do you ever have too much money . You might, you might, you need gold i think is the problem melissa no one wants to pay high gas prices. Why would any gas station charge twice as much as others in the area . Case in point, one shell station in orlando, florida, is charging 5. 99 for a gallon of regular gas. Earlier this week the price was as high as 6. 44. Average price in the area. 3. 27. Conventional wisdom theyre taking advantage of tourists but not according to florida law as the price is clearly priced along the side of the road. We have an analyst from gas bud di. Com. How do i say your last name . Leskowsky. Melissa thank you. Is this a Winning Strategy . Melissasa, this is something that has a lot of people perplexed but apparently working for this particular retailer. Because they have a captive audience. Theyre right at disneys doorstep. Mostly unsuspecting tourists are getting clobbered with these prices. When people go to return the car they rented they have to fill up the tank and this is where theyre making their money. Melissa i would look at the sign and say 6. 44, no way. There is something wrong here, no way. It doesnt dawn on people when they pull up . It should. A lot of people are in too much of a hurry or dont feel comfortable trying to drive around looking for another place to go, you know. Its an unfortunate situation. I wish that the local convention and Visitors Bureau or chamber of commerce could kind of persuade that gas station to do business in a different way. Melissa what do you think they could do about it though . Were looking at a map. There are gas stations all around this guy, that are, charging iean, essentially almost half the price, not quite. What could local authorities or, Visitors Bureau, whatever, really do . Theyre really powerless. The city of orlando is not in a position legally to do anything and even the state of floridas own laws would say that theyre not, there is no pricegouging that occurs because the state law is so weak, pricegouging can only occur if the governor declare as state of emergency. So given the absence of that there is no price gouging. There is nothing that can be prosecuted. The other problem with the florida law, even when there is a state of emergency, the law doesnt define, it doesnt quantify what pricegouging is or isnt. It just says when the price of a commodity grossly exceeds the average price for the 30days prior to when the declaration of an emergency is made. It is too vague. It is pointless. Melissa this goes on all over the place, right . This is an extreme example which is why we brought it up. Were talking about it to everyone because this happens inther places right . Where are you likely to see Some