'This Week' Transcript: Tax Deal

AMANPOUR (voice-over): Welcome to viewers here and around the world. I'm Christiane Amanpour. And at the top of the news this week, deal...

OBAMA: My job is to do whatever I can to get this economy moving.

AMANPOUR: ... or no deal?

SANDERS: Do we really need to give tax breaks to the rich?

(UNKNOWN): Our caucus will not submit to hostage-taking. We will not submit to this deal.

AMANPOUR: Democrats rebel against the president's tax cut plan, and he calls in reinforcements.

B. CLINTON: If I were in office now, I would have done what the president has done.

AMANPOUR: Can Obama get Democrats on side? Our headliner this morning, the president's top political adviser, David Axelrod.

Then, roadblock to peace.

H. CLINTON: I regret that we have not gotten farther faster.

AMANPOUR: As talks falter, the Palestinian prime minister, Salam Fayyad, and Israeli opposition leader Tzipi Livni in a rare joint television interview only on "This Week." Can they map out a path to peace?

Plus, in the line of fire, royals caught up in riots over drastic spending cut.

(UNKNOWN): Hey, Charles, how are you doing tonight?

AMANPOUR: I'll talk exclusively to former British Prime Minister Gordon Brown. Is today's U.K. tomorrow's USA?

And analysis of all the week's politics on our roundtable, with George Will, Nobel Prize-winning economist Paul Krugman, political strategist Matthew Dowd, and ABC's Cokie Roberts. Plus, the Sunday funnies.

LENO: The worst drivers in the country in Washington, D.C. Well, yeah, Republicans can only turn right, Democrats can only turn left, and Obama weaving all over the place.


ANNOUNCER: From all across our world to the heart of our nation's capital, ABC "This Week" with Christiane Amanpour starts now.

AMANPOUR: Hello again. The Senate is expected to begin voting on the president's $860 billion tax cut plan on Monday. In the House, Democrats say not so fast. They want to make significant changes to the bill.

The president is pressuring those in his own party to vote for the deal. And on Friday, he even brought former President Clinton into the briefing room to sell the plan.

Joining me now, White House senior adviser David Axelrod.

Thank you for joining me.

AXELROD: Good to be here.

AMANPOUR: You heard, as we started, that some of your congressional Democrats are saying they're not going to be held hostage to this and that they will not submit to it. Will they?

AXELROD: Well, look, I don't put it in those terms. I think every single person in that building does not want taxes to go up on January 1st, does not want to see 2 million people lose their unemployment insurance. Everybody understands what the implications for the economy would be -- every economist has spoken to it -- if that package doesn't move forward. So I believe that there will be a coming together around it.

AMANPOUR: Where is the room to negotiate? What can you offer them?

AXELROD: I'm not -- first of all, I'm not here to negotiate. And, secondly, we have a framework, we have an agreement, and I don't anticipate that it's going to change greatly.

There have been some changes that folks in the House were concerned about, the absence of an extension of an energy -- renewable energy tax credit. That is now included in the package. But in the main, I don't see major changes.

AMANPOUR: So not on the -- the estate tax?

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