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Accounts to other types of retirement accounts, and there may be a tax savings now, but there is a -- an additional taxes down the line. so, in some ways, it is the same sort of thing. were not facing what we need to do now, pushing it off to the future. i mean, look, we have to get rid of our regulations, and if we want to do something, why not suspend the payroll tax for six months or a year or two... >> gregg: congressman engel, your response. >> we have to do something. obviously, unemployme...

Business groups, is a bill that can help stimulate the economy and we ought to be working to do it. it is fully paid for and we ought to be using it to gets the economy going again. >> gregg: the centerpiece of the presidents solution was the stimulus bill and he promised, unemployment will not get above 8%, and it is almost 10% now and when he stands in front of the white house as he did on thursday and said now i want you to pass this jobs bill, doesnt he lack credibility among the american pe...

Joining us to talk about it, fair and balanced debate, a democrat from new york eliot engel and republican from california, dan lundgren, let me start with you, congressman lundgren, will the job cut taxes for small businesses as the president claims or will the larger bill actually increase taxes? ive read up to $19 billion. >> well, of course, we dont know what the bill will be, until the senate finishes its product and presents it. what we know is what they talked about before we went on our ...

Than to put their heads together. >> gregg: congressman lundgren. >> do something positive. >> this is the typical response, unfortunately, yes. small business supports part of the bill but the total bill destroys the overall effect and the net result is, youll have a greater call on taxpayers, or more debt, or more of t.a.r.p.-3. and i dont know how my -- >> gregg: congressmen, thank you for being with us this sunday. >> thank you. >> julie: the proposed site for the ground zero mosque becoming...