Reid also underscored that allowing the tax cuts to expire and automatic spending cuts to hit next year is not Democrats’ preferred position, but he said it is something they are willing to do given that all efforts to reach a bipartisan deal on deficit reduction have failed because of Republican opposition to raising taxes.
“All that anyone asked on the Democratic side is just a little bit of help with revenue,” Reid said. “There doesn’t have to be a fiscal cliff. We could do it before we leave here in August, we could do it when we come back in September, all they have to do is give some revenue and we can do this. The fiscal cliff does not have to be there. It’s all up to the Republicans.”