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We know how this is going to end. republicans will have to concede a deal largely on obama's terms and the question is when. >> professor peterson, one is almost tempted to feel sorry for speaker boehner. his party lost the presidential election, they failed to swin the senate, the jobs numbers continue to improve, the president is adamant he's not going to concede over raising taxes. is speaker boehner now on the wrong side of history? >> well, his entire party on a lot of issues is on the wrong side of history. we don't feel sorry for him because we're making progress economically as a natio...

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President obama trying to argue the republican plan wouldn't work suggested that the g.o.p. would eliminate charitable deductions altogether. >> if you eliminate charitable deductions, ever hospital and university and non-for profit agency, across the country would find themselves on the verge of collapse. >> destroying every charity in the country as a powerful political argument no republican plan to eliminate the charitable deductions. oddly enough the president himself long favored capping deductions at 28%. also in his current budget. >> a different way to do that, that would raise $600 b...

The tax cuts for the top 2%. this is very clear. mitt romney tried to parse it and say, well, maybe we'll get revenue from capping deductions. maybe we'll go after the mortgage interest or some other deductions. that was litigated. they lost. it's simple and clear to everyone that 98% of the tax cuts could go through tomorrow, today, any time if boehner got out of the way. but he still has the rejectionists in the lame duck caucus, and i think he's a little afraid the right flank might come at that speakership he has to reup for in january. he has to talk the tea party, talk even though he kno...

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