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>> well, if you go back, if you go back to even this weekend, it was reported bob woodward in his book, of course, that was, he wrote an op-ed this weekend where he basically said the president's moved the goal post and tax increases weren't a part of the budget control act. there was a spending reductions and the super committee didn't reach a solution and these across the board spending cuts. it was all spending. and what he's essentially doing is saying, now, i want taxes out of this. and he did get taxes, he got 620 billion dollars in new taxes on january the 1st. so, right now, greta for ...

>> well, if you go back, if you go back to even this weekend, it was reported bob woodward in his book, of course, that was, he wrote an op-ed this weekend where he basically said the president's moved the goal post and tax increases weren't a part of the budget control act. there was a spending reductions and the super committee didn't reach a solution and these across the board spending cuts. it was all spending. and what he's essentially doing is saying, now, i want taxes out of this. and he did get taxes, he got 620 billion dollars in new taxes on january the 1st. so, right now, greta for ...

Tax issue over this week, saying it's now time to focus on washington's spending program. but president obama insists any cut must be be accompanied by more tax revenue. and mouse minority leader nancy pelosi says future tax hikes are not off the table. >> the president had said originally he wanted 1.6 trillion in revenue and he took it down to 1.2 as a compromise and this legislation will get 620 billion dollars, very significant, high end tax, changing the high end tax rate to 39.6%, but that's not enough on the revenue side. >> paul: joining the panel, dan henninger, editorial board member...

Taken care of. >> no, the president said originally he wanted 1.6 trillion dollars in revenue. he took it down to 1.2 as a compromise and this legislation again, 620 billion dollars, very significant, high end tax, high end tax rate to 39.6%, but that's not enough on the revenue side. we're already agreed to a trillion dollars in spending cuts, over a trillion dollars in spending cuts. >> so are you then saying to the upper classes, get ready, you're going to have to pay some more, this is not the end of it? >> well, i'm saying that's not off the table. >> that's not off the table. but not in ...

Taken care of. >> no, the president said originally he wanted 1.6 trillion dollars in revenue. he took it down to 1.2 as a compromise and this legislation again, 620 billion dollars, very significant, high end tax, high end tax rate to 39.6%, but that's not enough on the revenue side. we're already agreed to a trillion dollars in spending cuts, over a trillion dollars in spending cuts. >> so are you then saying to the upper classes, get ready, you're going to have to pay some more, this is not the end of it? >> well, i'm saying that's not off the table. >> that's not off the table. but not in ...