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Taxes go up for everybody. it's not the worth thing. it's not going to be good for poor families, but it does raise a lot of revenue. his current plan to raise taxes only on the rich, it doesn't raise that much. $1.5 trillion over ten years, which is a lot of money, but it doesn't actually solve the deficit problem. if the bush tax cuts entirely expire, it does that. a lot of folks in congress think that would be too much of a burden. >> i've got a lot of stuff here highlights and there are tax experts who say the changes are like using a baseball bat with a scalpel. is it too complicated? >> ...

wealthiest americans at thfrt point in time looking at the economy as it is should pay more in taxes. he is of the same mind on that front at george soros who we spoke with here in davos as well who also believes the wealthy should pay more in taxes. two of the many headlines today. we've got a lot more coverage on c nnnmoney.co cnnmoney.com. brooke. >> thank you very much? a snowy switzerland for us today. for more details and all kinds of other money stories, cnnmoney.com. and we continue here, top of the hour. the republican presidential candidates hours away from squaring off i...

Deficit problem. the facts are this. the president would never say yes to fundamental fund of our tax code. he asked for more revenues. i will put revenue on the table only if we have fundamental reform of our tax revenue. the problem in washington is there is too much spending we have to get our hararms around . republicans in the house and senate are committed to real reform of entitlement rprograms and control in spending in washington. >> what about extending the payroll tax cut holiday for a full year not in two months runs out in february are you going to attach the keystone pipeline app...

Our long-term deficit problem. and the facts are this -- the president would never say yes to fundamental reform of our tax code. he asked for more revenue. i told the president i will put revenues on the table but only if we are going to have fundamental reform of the entitlement programs. he would never say yes and then wanted a trillion dollars worth of new taxes. the problem is washington is there is too much spending and we have to get our arms around it. the republicans in the house and senate are committed to real reform of our entitlement programs and real controls on spending here in ...

Our long-term deficit problem. and the facts are this -- the president would never say yes to fundamental reform of our tax code. he asked for more revenue. i told the president i will put revenues on the table but only if we are going to have fundamental reform of the entitlement programs. he would never say yes and then wanted a trillion dollars worth of new taxes. the problem is washington is there is too much spending and we have to get our arms around it. the republicans in the house and senate are committed to real reform of our entitlement programs and real controls on spending here in ...