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July 11th, 2011
10:30 AM ET

Rep. Tom Price: 'No tax increase ever created a job'

After a 75-minute negotiation session yesterday, congressional leaders are set to meet again today to attempt to come to a deal on deficit-reduction.

Republicans have been pushing for a combination of drastically reduced spending and no tax hikes before they agree to raise the nation's debt ceiling.

Obama has responded to their requests by saying that he backs an ambitious plan to reach $4 trillion, mostly through cuts but also with revenue increases.

Representative Tom Price (R-Ga), member of the House Ways & Means Committee, joins Ali Velshi today to talk about the status of the negotiations and where the GOP stands on various compromises proposed by the Democrats.

Filed under: Budget • Debt • Debt ceiling • Politics
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