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Drilling off shore, drilling in certain parts of alaska, and drilling in the gulf. bill: that's an all the above energy poll glee yes sir. bill: and gibbs says the white house supports that. does the evidence back it up? >> i don't know if the evidence backs it up. they say they're increasing the permits but that's not what they're diagnose. they're saying one thing and doing another. the permitting of drills going into the ground has slowed. i'll give you the other one, bill. if you support it, then there's absolutely no reason in the world to say no to the xl pipeline. you don't want to dril...

That would be a concern about that out come. bill: that baghdad embassy is basically imper just. that is one solid structure. dempsey makes the argument the economic sanctions are strange lynn iran and beginning to work or effectively working now. do you agree with that? >> i think the iranians are the best test of that. it hasn't detered them whatsoever. i think economic sanctions should be done simultaneously. no trade whatsoever from the international community we can influence. no oil trade specifically. crush the central bank and other banking facilities, you know, to be sure. and seize t...

Selloff in stocks in november and december, ahead of those big tax increases. that means stocks may really fall in value. bill: i'm looking at a figure here, stephen, nearly 5 trillion dollars next 10 years. that is the amount of the tax increase? is that what your numbers say? >> well, look, that is assuming, bill that all of the bush tax cuts expire on january 2013. i do not believe bill, that is going to happen. the president and whoever the republican candidate is will not allow the big tax increase on the middle class. even if you allah just a tax increase on people making over 200,000, y...

Get your first fl prescription free and save on refills at advaircopd.com. bill: got some breaking news right now and sad news too. three expert skiers killed in a massive avalanche at a popular resort in washington state. they were sking in an out of bounds area. three did not make it out alive. that's where we start our brand new hour here on "america's newsroom." good

Will jump to 15%. and the social security payroll tax will jump back to 6.2%, a rise of more than 2%. stephen moore, senior economic writer for "the wall street journal" with me now. stephen, good morning. >> hi, bill. bill: "taxageddon", biggest tax increase in history. >> i don't know if biggest tax increase in history. but certainly biggest tax increase in 50 years. people call it taxmageddon. i call it tax doomsday. that will happen january 1st, 2013. you mentioned a few of the taxes. you mentioned child credit and some of the others. remember, amt, alternative minimum tax will hit 30 mill...