As the deadline to avert the fiscal cliff nears, fears of a shrinking paycheck for Americans continue to grow. On Sunday, Democrats and Republicans met to negotiate before large tax increases and spending cuts were to begin taking effect on New Year’s Day but failed to produce a deal. The House and Senate are expected to reconvene Monday morning at 10 and 11 o'clock respectively.
This morning, Rep. Michael Burgess (R-TX) joins "Starting Point" to weigh in on the latest fiscal cliff negotiations. Burgess says he will not vote for a bill that only expires the Bush-era tax cuts for households earning $450,000 or more.