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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 putting to work the same campaign organization that won him unprecedented turnout in november to now wi...

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 daughter is watching right now from the makeup room. i let her know that she will get 50 percent of h...

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, don't spend what you don't have. we look at our governmental leaders up to the president, and we are spending what we don't have. >> that is true. millionaires cannot p...

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. >> that is where we are headed. rather than being not a red america or blue america or united states ...

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 administration's recently outlined plan to rewrite the nation's gun laws. beginning with a campaign style tour to drum up support. doug, is the president's campaign-like approach to all of this a response to the tough partisan realities on capitol hill? >> that is a good statement. for example, republican senator rand paul has vowed to introduce legislation to nullify the president's 23 executive ac...