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Transcripts For CNBC The Kudlow Report 20121201

Thats a scrooge christmas. And the republicans they say that the democratic offer is not a serious one. Check it out. Lets not kid ourselves. So where do we go from here . And the Business World itself is waiting to see if we drive off the cliff. Theyre taking action right away. Deals are being done to sell companies. Stocks, homes, dividends, almost anything to avoid a big tax wallop after the first of the year. You see, folks, as ive said for so long, taxes do matter. Later on were going to tell you exactly why. First up the president place santa claus. White House Press Secretary finds spending cuts deeply irresponsible. For all this and more joining us now is katie pavlich. What Speaker John Boehner has always said, a dollar tax increase, a dollar spending cuts. President obama who jay carney represents during his Daily Press Briefings at the white house wants an unlimited debt limit. He wants no debt ceiling on the amount of money that he can spend. So jay carney is taking shots a

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