. >> mike allen and it jim vandehei wrote a fascinati ece and a liti about this. "the politicians with good jobs and in this town would agree in private at sure, there is a way to do this -- tax reform, entitlement reform." why don't they do it? >> let's give credit to the people who had something on the line and voted for something as tough as of scandals and alan simpson's plan, and that would include -- as erskine bowles and alan simpson's plan, and that would include big durbin, tom coburn, mike crapo from wyoming. there are a handful of people who did. what you are confronted with right now is the reality that not since 1990 has any republican and a house or this and -- the house or the senate voted for any tax increase. what they are terrified of is a primary challenge. they have all of these bedwetters and nervous nellies in the caucus who are terrified ey will be primary ihey vo to incase t taxesf donald trump by a dime. >> when you listen to mark, you think this is a republic governed by the house of representatives. aptly, we have a president. as evan in

neil: dave and i talk with the dell i gudeli guy down the block >>t was fascinati, he says they are trimtock perspectives, taking them out of commodity. one said they are trimming them down by a third. neil: what does that mean. >> stock, overall allocation in custer portfolio. il: to what? >> bonds or cash, that is last thing that the market needs rightow. neil: dad. >> the one thing we all have to remember, a keep this in your memory bank we'llearga, maybe twoea or tee years from now people like warr buffet saying, tax increasing or decreases do not affect my, strategy. look at what shaping now, they are chaed all over as a result ofaxes going up, yes, they do, strategies dependn whether you pay more pore l or less inn tax. ne: we could remember, wel she was not born, all fears about clinton taxike, it would lead to,evere recession, now, i know he mixed it with other goodies toounter the blow but he had a boom. >> we d not have a boom uutil lf way through. taxes witness up in 1993. neil: my point is, it wasot financial armeddon. what if wre wrong? >> it has been pven time again, 28% t

. >> that's so fascinatie infasci >> index funds by definition. >> california said yesterday they wereteachers like mad in california who did not like that. >> where is your money invested? you should know. >>> still ahead this morning on "starting point" we're going to be talking to south carolina congressman tim scott. he's taking outgoing senator jim demint's seat. we'll tell you why his appointment is making history in the senate. ♪ (announcer) when subaru owners look in the mirror, they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd. >>> welcome back, everybody. this morning we've been talking about the fiscal cliff, the future of paying more taxes. all that up in the air. if republicans find the votes to pass plan "b" it would be on those who make more than $1 million. the new senator from south carolina received v