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Cuts for everybody. >> a line in the sand or what would the compromise be? what would the republicans put up with? would they give anything? >> sure. i think if there was a sense there was a real grand bargain to be done, a real big deal to be done, i think you would see a lot of compromise on both sides. i want to say, though, a lot of what you're talking about, mike, was basically you're articulating the rationale for the buffet rule and one thing striking about the buffet rule how little money it would raise for our government. it was inconsequential amount of money. this isn't actually abo...

If the tension is between the sense of fairness and potential to grow the economy drawing in capital, which would you choose? >> i don't think the fairness of having a rule like a buffet rule is really going to destroy capital formation in this country. it hasn't for the past 80 years leading up to the present period. >> i have a question off what you were talking about. and it's probably unanswerable. but why has this president and the past president, george w. bush, been seemingly so afraid to use the word, we have to sacrifice, the word sacrifice. you know, have they never gone back and lis...

Compared to last year, half that, 3000 people renouncing. >> alisyn: that's horrible, right? it's cheating, it's cheating. this is the country that gave you your fame and fortune and able to make millions of dollars because of the entrepreneurial spirit here able to leave it. >> mike: ali, if we decide to tax you to death. don't you see why they might want to do it. >> alisyn: no, no, because america is the best country in the world, obviously, i mean, it gives you so much freedom to achieve your destiny, number one. >> mike: all right. >> alisyn: and number two, taxing you to death you say, y...

That is not necessarily true. >> you are not going the buffet rule. that is not true either. what buffet pays is different than what most wealthy americans pay. i don't think you consider razing taxings we need job growth and bring up revenues. until that people who have money should contribute money. >> why raise taxes dear debt and spending we did not ask for. you don't cut your way in prosperity. you get less of them . so when you destroy capitol and midsize businesses, guess what, we all suffer for it. look at europe. >> and bottom line is a compromise depends on the politicians philadelph...

Megyn: under reagan when they gave tax cuts to the rich revenue went up. >> incoming revenues to the federal reserve went up under reagan and george w. bush. megyn: ronald reagan did raise taxes on the rich after he gave them historic cuts. >> we have the highest corporate rate in the world right now. all these businesses are leaving the country because of that. if you raise taxes even more, and the buffet rule, it would in one year accrue enough for three day's interest on the debt. >> we are spending a lot of time talking about rich people. what the president is doing is