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First one it was the white house idea. >> how do we know that? >> a book heavily sourced in the white house says gene brought it forward last year. the republicans didn't understand and it it took a couple days for them to figure out what is was. across the board cut. >> republicans right there cat quick. >> the second whopper is the defense budget for 2013 cuts the budget in nominal terms for the first time since then 90s. they reduced defense consistently for the last four years. the one federal program that has clearly not liked. >> i thought it was a totally politicized statement. he said ...

Romney to get out of his obligation to answer how he's going to pay for this tax cut. he simply lied outright about the size of his tax cut. >> over and over and over again. it is not complicated math here. this isn't one of those fact check things that you have to look things up and get a graph. mitt romney is proposing a 20% across the board cut in tax rates. that costs $5 trillion. and he's saying it doesn't cost that. like that's the only thing you need to know about what mitt romney is proposing. you don't need a phd to know that's the factual implication from what he's talking about. >> ...

To anticipate. we've been asking for months, how is mitt romney going to explain the deduction side of his $5 trillion tax cut. he's going to do a $5 trillion tax cut. he says he's going to pay for it by closing deductions. who among us anticipated that mitt romney's answer would be, i will not do a $5 trillion tax cut? that is not -- i could not anticipate it. i don't know if anyone on the obama team anticipated it, but that was a stunning way for mitt romney to get out of his obligation to answer how he's going to pay for this tax cut. he simply lied outright about the size of his tax cut. >...

Came out. how much of that will governor romney sign onto and where are the areas where governor romney would cut spending to deal with the 16 trillion-dollar debt that you talk about? what would he cut? >> governor romney has talked about an across the board cut for some of the discretionary spending. if you remember back in the primary one of the most important arguments that he made that helped him win in the republican primary was that he would adhere to a cut, cap and balance strategy for the economy. that is one of the things where we have probably the clearest contrast with this adminis...

That's simply not true, ed. mitt romney's tax plan calls for a 20% across the board cut in all tax rates. and that's accomplished without reducing revenue by getting rid of exemptions and deductions particularly for the wealthy. he has acknowledged many times there are many wealthy americans who would end up paying more because you get fewer deductions and excemptions. >> you're telling me i'm wrong when i hear and read in the tax plan that mitt romney wants to raise the taxes on people making under $30,000 a year? >> you are absolutely wrong. >> i am not wrong. ari? >> i'm not wrong. >> it's ...