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December 5th, 2012
11:17 AM ET

Texas Republican Rep. Jeb Hensarling weighs in on fiscal cliff talks: ‘You can’t solve this problem through revenue’

The U.S. is just 27 days away from falling over the fiscal cliff, but there is still no deal in sight. Texas Republican Congressman Jeb Hensarling offers his take on the stalemate this morning on “Starting Point”. Hensarling is the newly-named Chairman of the House Financial Services Committee and he Co-Chaired the Super Committee on Deficit Reduction.

Hensarling refuses to budge on raising revenue, though he thinks the president will achieve it regardless. “There’s nothing we can do to stop that,” he says, “but the bottom line is you can’t solve this problem through revenue.”

Hensarling refuses to raise tax rates because he says “the fiscal cliff, relative to our nation’s spending driven debt crisis, is a pothole...What’s changed is on the spending side, and yet all this discussion is on the tax revenues.”


Filed under: Congress • Crisis • Debt • Fiscal cliff • Jeb Hensarling • Politics • President Barack Obama • Revenue • Tax cuts • Taxes
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