Sen. Kelly Ayotte on 'Grand Bargain'

Ayotte: "Absolutely I think we need to do a big agreement for the country"
1:49 | 03/03/13

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Transcript for Sen. Kelly Ayotte on 'Grand Bargain'
Why not go for the big deal at this point you mentioned the president's position earlier -- this -- position always was. Two or three dollars and spending cuts for every dollar in new revenue right now -- -- you're going. At a rate of four dollars and spending cuts for every dollar in new revenue though are you prepared to sit down and talk about a much bigger deal. Well George what the president is -- what you push recently in the senate this week. The 85 billion small deal with tax increases. That's not gonna work -- for an increase revenue again it's got to go to the debt with a real entitlement reform and real tax reform when you actually lower rates. And I think that none -- that's been in this discussion so. Absolutely I think we need to do a big agreement for the country because. We haven't dealt with the fundamental drivers of our debt the entitlement programs and the tax reform has to be done uniformly. And lower -- So this thing but are you willing and let me just be clear -- you're willing if if if tax reform goes forward -- the president is willing to talk about entitlement reform in Medicare and Medicaid and other entitlement. Programs you're saying you willing to have. An agreement that actually raises revenue. What is -- revenue neutral tax. I am willing to say if we take the form but lowering rates so that we can focus on economic growth. And then we take a portion of that implied to the debt with a real entitlement reform but it has to go to the debt. I'm not -- agreed any more tax increases that are gonna go to increase more government I mean here we are. That's what the latest proposal is from the president this sequester have to be dealt with within existing spending an alternative cuts. And we need real entitlement reform and real tax reform that's what. We need for the country if we're gonna drive down our debt and also be focused on economic growth. And might be a little bit of an opening can BC's time later although it may not happen any time soon but senator I got. Thank you very much for your time this morning.

This transcript has been automatically generated and may not be 100% accurate.

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