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Understand that these tax cuts are going to go away at the end of the year if they don't get reasonable. once they go away, then we can come back in and pass tax cuts for the middle class and leave the very wealthy out of that equation. so, there is pressure here on both sides of the equation. we've got a real debt and deficit problem. we need to be serious about it, while we protect the middle class. i'm hopeful we can find some combination of an increase in rates for the wealthy, some limitation on deductions for the wealthy and some kind of means testing for medicare that would -- you know,...

Come back in and pass tax cuts for the middle class and leave the very wealthy out of that equation. so, there is pressure here on both sides of the equation. we've got a real debt and deficit problem. we need to be serious about it, while we protect the middle class. i'm hopeful we can find some combination of an increase in rates for the wealthy, some limitation on deductions for the wealthy and some kind of means testing for medicare that would -- you know, we don't need to be buying donald trump's prescription drugs, chris. we can do this -- >> for a number of reasons. >> for a number of r...

Cut some deductions how much money do you bring in? you can't tell until you know which deductions will be cut and by how much. you do know if you raise tax rates on upper income earners, you will bring in '82 ball a year. that is only -- $82 billion. that is 10 weeks interest on the national debt. raising tax rates does not address the debt problem. we don't know how much we address the deficit problem by closing loopholes. impasse. martha: we'll see where that goes. stuart, thanks very much. we'll talk to chris van hollen moments away. bob,er is also here today. we'll get to some of that wit...

Thanks for watching tonight. a powerful group of ceos are giving advice on how to solve the deficit problem. they suggest cutting entitlements but say nothing about their own corporate welfare. here's lloyd blankfein taking aim at entitlements. >> you have to do something to lower people's expectations and what people think they are going to get because they are not going to get it. social security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career. so there will be certain things that the retirement age has to be changed, benefits have been to be ...

E need to understand that these tax cuts are going to go away at the reasonable. once they go away, then we can come back in and pass tax cuts for the middle class and leave the very wealthy4r so, there is pressure here on both sides of t equation. we've got a real debt and deficit problem. we need to be serious about it, while we protect the middle class. i'm hopeful we can find some in rates for the mitation on deduce wealthy and some kwould -- you prescription drugs, do this -- >> for a number of reasons. >> for a num o although he may need the drugs we don't need to be buying them. we need...