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Care of? >> no, n. it is not. the president had said originally he wanted $1.6 trillion in revenue. he took it down to 1.2 as a compromise in this legislation we get $620 billion. very significant, changing the high end tax rate. but that is not enough on the revenue side. >> steve: that's not enough. nancy pelosi admits she still is looking for more new revenue taxes and that's code for jacking up taxes on perhaps everybody. but the minority leader promises it would not hurt the middle class. is that a promise she can keep? peter johnson, jr. joins us on this monday. >> steve, america, did yo...

D.c. now and the battle over taxes and spending and the nation's crushing debt. top democrats are now signaling they want to go back and get more of your money in the debt ceiling debate that is coming, despite the fiscal cliff deal that saw taxes go up 77% of americans. nancy pelosi says it is not enough money really that was garnered through that deal but republicans vehemently disagree. they say it is time to get serious about cutting spending. watch some of this. >> in this legislation we get $620 billion, very significant, high-end tax, changing the high-end tax rate to 39.6% but that is ...

And i think to say that this was the easy part, since when is raising taxes, $620 billion, the easy part? i agree that there are flaws in this deal. there are things i wish it had done. the real question is what we do now. and in a sense, i would like to challenge the premise of this conversation. we could spend all of our time arguing about how to fix the debt in 2035, and what to do about 2035, or we can stabilize the debt at a rate that's way below greece, way below most countries, with a deal of about $600 billion in revenue, $600 billion in spending, and then we can start dealing with the...

And i think to say that this was the easy part, since when is raising taxes, $620 billion, the easy part? i agree that there are flaws in this deal. there are things i wish it had done. the real question is what we do now. and in a sense, i would like to challenge the premise of this conversation. we could spend all of our time arguing about how to fix the debt in 2035, and what to do about 2035, or we can stabilize the debt at a rate that's way below greece, way below most countries, with a deal of about $600 billion in revenue, $600 billion in spending, and then we can start dealing with the...

Base and win the game. you have to go for the big deal. and it's time for us to sit down, lock ourselves all in a room, not just a couple of folks, and come out with a deal. at the end of the day, you end up doing what ultimately happened, which is if you can't agree because you have the extreme sides, then put your best proposal on the table and let the best proposal win. >> ej, you think that view is too narrow. this is a better deal than it's gotten credit for. >> i think i'm the only person here who think it's a better deal than it's gotten credit for. if you keep hitting singles and scori...