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Compromise? >>reporter: we got a taste of what could pass in both houses today. here is what we could find agreement on. >> this is a moment we can do something about mental health, information sharing, maybe about background checks and other things but it has to be a plan that could work or the president will not get it done. >> we do not expect it all to pass but in elements of this that are critical. >> the president has vowed he will do everything he can to reduce gun related carnage and put...

Facing the estate tax in some cases but they do not have a formal financial plan and that is very interesting because that is what we have been told you need to have a sense of where you are going with your money. >>heather: you have daughters. how do you teach them about money? >> i tell you one thing i have done, on their allowance, one day i came to them and i said here is your $10. give me back $5. and they said, why? i said taxes, that is how much you will be taxed when you earn money. my d...

That has doubled during the recession. >>heather: there will be a decline based on the fiscal deal. >> absolutely, all the issue of taxes and all of that. but more important than that, really, they are saying one thing, doing another, and it will be interesting to see a study of how the children of millionaires do if they themselves become millionaires. >> it is like what our government is doing? i know my parents have told me, dont spend what you dont have. we look at our governmental leaders u...

And he had one position he hammered at every speech: raising taxes on the rich which he has done since the election. tell me, please, for the next four years, what is this presidency about? is it like the campaign, a seinfeld campaign, a campaign about nothing, so his second term will be a term about nothing? or is he going to make up a new agenda? we have guns. we have immigration. >>gregg: but he won the fiscal cliff argument by demonizing republicans and saying they are protecting the rich. >...

The second inauguration of ronald reagan and when eisenhower in 1957 was taking his second oath. >>gregg: as president obama prepares to kickoff the second concern there is growing concern over the administrations recently outlined plan to rewrite the nations gun laws. beginning with a campaign style tour to drum up support. doug, is the presidents campaign-like approach to all of this a response to the tough partisan realities on capitol hill? >> that is a good statement. for example, republica...

>> the g.o.p. is helping him do it by a lack of ideas. necessity have been negative, too, mcconnell saying, all i want to do if the entire first term is do everything i can to make obama a one-term president. that could be in private a good thing to say but for the senate minority leader to it polarizing everybody. >>gregg: and having lost the fiscal cliff argument the republicans are caving in on the debt ceiling with a short-term agreement for a grand plan. if they could not do a grand plan a ...

>> i disagree respectfully with john and i would say the american people are disappointed because they expect more and they know they can get more. there you are been senators who have risen above and we are not seeing people who put the peoples business ahead of their political interests. partisanship is standing in the way of solving problems which is why we have talked. >> a perfect example is the simpson-bowles debt reduction decision, both had a good plan, ignored bit establishment by both ...

Information sharing, maybe about background checks and other things, but it has to be a plan that could possibly work or the president wont get it done. >> president has promised to put to work videotape same campaign organizations that brought him unprecedented turnout last november to work now for a grassroot changes to gun laws. >> heather: doug mckelway, thank you. well have much more on the gun debate and whether the presidents governing style is too combative to get anything done coming up...