revenues, maybe just not in the format or the way that democrats want because something that charles krauthammer pointed out earlier in the week, last week and said it s as if they won t take yes for an answer because you are offering revenue increases but it s not in a way they want to see it done. yeah, that s exactly right. what the republicans are proposing, like i say, as has been proposed by the commissions and others that have analyzed it is so reform the tax code and in the process of reforming it, generate that additional revenue that the democrats are demanding and generate it from the higher income categories but do so in a way that makes our tax code much more simple, lowers the broadens the base and lowers the rates and then actually generates a powerful growth in revenue for the entire country. all right. senator, thank you very much for your time. we ll see how this plays out this weekend, whether the gang of six is back in business. thank you. thanks. we want
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of the future budget. and the super committee was set up to try to figure out if more should be done or how to rebalance that $1.2 trillion. so no matter what happens there s a cut, a deficit reduction of $1.2 trillion. now on our side, we wanted to do big, bold and balanced. that is try to go and use the super committee to solve this problem going forward with the $4 trillion package of cuts and taxes. that s not going to happen. so going forward, yes, the deficit is being dealt with. across-the-board cuts are going to be very difficult but we have one year until next january to solve this problem. next january, 2013. so it s not the end of the world. shannon: i want to bring in congressman sweirat today, one of the main problems is fact that the republicans will not give up the bush tax cuts that benefit the highest earners in this country. we ve got a poll that came out at the end of last week, and
overtake hope. talks have taken place over the weekend. they will continue to take place. but the reality is we need to come to an agreement. we have to get it drafted and it has to be estimated by the congressional budget office by the end of monday. i think we are deep into the fourth quarter but there is still time on the clock. i don t think any of us wants to let the time run out without trying everything possible to get there. if the supercommittee fails then the law says a set of automatic spending cuts goes into effect in 2013. about $1 trillion in cuts and almost half of that is cuts to defense spending. shannon? shannon: that is raising a lot of concerns. thank you very much. the supercommittee wednesday deadline is fast approaching. i caught up with republican senator mike lee from utah to talk to the supreme court decision this week to take up the legal fight over the president s healthcare law. thank you very much for making time for us today.
efforts on preventing child abuse, atgeting folks to report it and what plays out with the supercommittee this week. thank you. shannon: a new investigation into actress natalie woods mysterious death. her sister makes a surprise call to judge jeanine. what she is saying about the case. airlines are stuffing their pockets with backag baggage fe. yout until you hear how muchif they are making off of you. opes recommend most for arthritis pain, think again. and take aleve. it s the one doctors recommend most for arthritis pain. two pills can last all day. try smart balance buttery sead. s heart-healthier than butter. with omega-3s. 64% less saturated fat. andlinically proven to help support healthy cholesterol. put a little love in your heart
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