Rep. Gingrey: Fiscal cliff deal does 'very little, if anything, about cutting spending'

In an interview with CNN's Wolf Blitzer last night, Americans for Tax Reform president Grover Norquist said that the Senate’s plan to raise taxes on those earning $400,000 or more does not violate his anti-tax pledge.

Ali Velshi asks Rep. Phil Gingrey, who has signed the pledge, about Norquist's support of the fiscal cliff deal brokered by Vice President Biden and Minority Leader Mitch McConnell on Early Start this morning.

"I guess Grover could say that theoretically we've gone over the cliff. So, everybody's taxes have gone up, at least for 12 hours, and a vote would be actually a vote to lower taxes for everybody under $400,000," Gingrey says. "But I'm just not sure the people in the 11th district of Georgia will see it that way. I'm concerned that they will think that this is just more smoke and mirrors and Congress pulls these stunts all the time."

Gingrey also explains that while he thinks it's too early to commit to a definitive vote on the measure, he thinks the bill looks like it's raising revenue, but doing "very little if anything about cutting spending."

"At one point in this business of living to fight another day, you have to dig in your heels, and say by golly, I'm going to die over this today because it's important to the people of my district and this country," Rep. Gingrey explains.