Katie Grant, 202-225-3130
WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) discussed the fiscal cliff on CNN's "The Starting Point" this morning. Below are excerpts and a link to the video.
Click here to watch the video.
“Everybody believes we ought not to go off the cliff. Sequester is not a good idea, and if we went off the cliff it would have substantial adverse effects on the economy. Nobody wants to go over the cliff including, in my opinion, [Speaker] John Boehner. However, we ought not to hold hostage middle-class tax cuts.”
“We all agree that middle-class taxpayers ought not to get a tax increase on January 1st…. The Senate's passed a bipartisan bill that called for that. Tom Cole, the former Chairman of the Republican Campaign Committee in the House of Representatives, said just earlier this week we ought to pass that. I agree with him.”
“Secondly, the Republicans have agreed that we need to have some sort of balance; more and more Republicans are saying we need to have revenues, you cannot do it simply with cutting spending. Thirdly, I don't think that anybody wants to hurt the vulnerable in America.”
“Has the President offered a plan? He has. That’s what [Republicans] said they wanted. Let’s see their plan. Let’s see if it adds up. [Former President] Bill Clinton made it very clear the arithmetic that they're using doesn't add up. They know that we're not going to do certain things. We know they're not going to do certain things. But you cannot get there without a balanced plan.”