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November 7th, 2012
09:16 AM ET

Rep. Van Hollen: 'Balanced approach,' compromise necessary to control the deficit

The verdict is in and Democrats are celebrating a remarkable strategic victory today with President Obama's decisive election win. Rep. Chris Van Hollen (D-MD), a major Obama supporter who also played Rep. Paul Ryan in debate prep with Vice President Joe Biden, talks with Soledad O’Brien this morning on what’s next after the president’s reelection.

Soledad O’Brien asks Van Hollen how lawmakers can move forward with issues like the fiscal cliff given that the balance of power hasn't changed much. Van Hollen says President Obama made it clear in his victory speech that “he was looking forward to working with Republicans.” He says the president’s answer is a “balanced approach” with a “combination of cuts, but also revenue” and that Americans voted for that by voting for Obama in this "decisive election."

“It’s very clear from the exit polling that a majority of Americans recognize that we need to share responsibility in reducing the deficit. That means asking higher income earners to contribute more to reducing the deficit,” he adds.

With the impending fiscal cliff deadline, Van Hollen hopes Republicans are willing to compromise or they “face a very serious question on the fiscal cliff.”

“Are they going to drive off the fiscal cliff...with the message that nobody in the country gets tax relief unless very high income earners get a bonus tax break?” he asks. “If that’s the message they want to send to the American people, I just think it’s unsustainable.”

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Filed under: 2012 Race • Fiscal cliff • Politics
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