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Transcripts For CNBC Squawk Box 20121219

400,000. At this point, having a backup plan to make sure that as few american taxpayers are affected by this increase as possible. Now no one expects that the gop bill will pass the democraticcontrolled senate. In fact, harry reid said forget it, theyre not going to be passing any of these things. But this is another option out this. And it does change the dynamics in terms of whos going to be blamed for raising taxes. Well see how this plays out. Among our guests on the topic this morning is dccc chairman steve israel, congressman from new york. Plus, well also be talking more about whats at stake in washington and how the fiscal cliff is likely to effect Investment Decisions. We have Value Investor leon cooperman, hes going to join us on set starting at 7 00 eastern time. Then at 8 00 eastern, we have black op cofounder and ceo Ralph Schlosstein. And Lynn Hutchins will join us. Well talk about what they see playing out and what they think is working when it comes to the markets now.

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