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Carried through. this time though is different. i think xi jinping the chinese ruler will actually impose some sort of costs on the u.s., but because china needs the u.s. now much more than we need them, these measures are not going to be substantial. got to remember that china is going two some really severe crises right now, especially the debt matter so i'm sure chinese leaders don't feel very secure. >> do you think that this is right move by the biden administration? does a diplomatic boycott send a strong enough message? >> i think that -- it's a step in the right direction. it has to oc...

Details of the science. but this is tragic and future generations, they will look back on this administration and the united states for this and they where going to be as critical as anything else this administration is doing or not doing. >> well, it is an ongoing theme. s it the john maynard keynes theme. and the news article where donald trump said he didn't care about the $22 trillion debt. he didn't care about the record setting deficits. that the crash wasn't going to come until after he left office anyway. this seems to be the ongoing theme. and the challenge for other candidates trying...

Peace of mind and bigger paychecks. that's good for everybody. >> on the face, does debt matter to republicans? >> it matters. helping to get the debt down and control entitlements and unfortunately the senate couldn't pass the health care bill. they will keep working on the issues and grow the economy. this is a key component of the efforts that is growing the economy and the best thing we can possibly do to get this economy growing faster is tax reform and tax cuts. >> after meeting with the president, the president is all in. you look back over the course of the last 10 months, has there be...

Agenda is getting this economy growing faster and giving people peace of mind and bigger paychecks, that's good for everybody. >> but on its face does debt matter to americans? >> yeah, and in order to get it down you have to control entitlements. they couldn't pass the health care bill, but we also have to grow the economy. this is a key component of our debt reduction efforts which is growing the economy. >> let's go to jim acosta senior white house correspondent there for the announcement. but first on taxes we heard the president say that he is hoping for a christmas deadline to get this w...

We have if we do both at the same time? now, it may be the point where they do the tax cuts first and leave the wall second which may-- ments it's not just that though. >> if you could do the tax cuts first, you could probably see a very significant tax cut in corporate side. >> we know, ger ri, they talked about the tax cut coming it sparked the next leg of this rally. >> that's right. >> and wall street is clamoring for. >> wall street wants it and main street of america wants it and taxes combined with watson, the computer, to come up with advice on taxes. that's how complicated the tax cod...