Hoyer Press Conference on the Fiscal Cliff

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Transcript: 

“We could be considering [the Senate] bill today and passing it so every working American and indeed every American would know that their taxes would not increase on the first $200,000 [for] individuals, or $250,000 as families. One hundred percent of Americans would not get a tax increase on that income. We could be working on that and passing it today.”

“The American people have a right to be very upset with this Congress, that we are not carrying out the business that is before this country, that we are not meeting our responsibilities to each and every one of them and each and every family, each and every business, and addressing the challenges that they know are before us.”

“[The American people] know [the fiscal cliff] will have a negative impact on the economy, and they know it will have a negative impact on them and their families, and they are expecting us to be here to work and we’re not…. We have four days to avert a crisis that could harm our fragile recovery, cost us another credit downgrade, initiate a drop in the markets, and impose arbitrary spending cuts that will undermine our national security and slash vital programs for the vulnerable. I hope the Speaker and his Republican party will be here with Democrats, working to finish the task before us in reaching an agreement to avert the fiscal cliff. Democrats are ready to work and, yes, ready to compromise. We understand we won't get it all our way. The legislative process is about compromise; democracy is about compromise…. I would hope the Speaker today would call the House back into session to address these serious challenges confronting our country and giving confidence to our people, that their government is at work, that their government can work, and that their government will work.”