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But he's proposing something different here. he's proposing tax cuts. and i think this argument with him and "the wall s(zqqá journal" over what is essentially 2% of the rate, içó think it's slightly overexaggerated. it's not going to mqhq any difference in the real world if there's 1 or 2% lower rate. and i think what he's doing, obviously, is to try to win votes with the sweetener of the child tax credit. there's nothing particularly wrong with that. and it is true that a pudding has to have a theme and a tax plan doesn't have to have a theme. particularly on the corporate side, you're lo...

Of support from senator mike lee who is backed by the tea party and conservative side of the party. listen to president obama today on tax day and we'll get a quick reaction from the panel. >> if you listened to some of my political critics, they always want to paint me or the democratic party as this tax expand and irresponsible and let me say this. since i came into office, the federal deficit has come done by two-thirds. it hasn't gone up. >> charles? >> i'm sorry but i didn't hear that and perhaps you could give me a break. >> wow. we'll come back to you. >> yeah. >> because i thought you ...

>> $..9 trillion. deficits are not falling. deficits are not getting cut. he's exploded the deficit side of the ledger. -- [overlapping dialogue] >> if you had anything idea -- >> i don't get the $1.41 trillion is bush. that is october of 2008. >> what about the $1.29. >> that's -- that's the fastest rate in history -- [overlapping dialogue] >> didn't obama say the scandals were important and he would look into them and now they are figments of our imagination. >> president obama did an unprecedented live appearance in the east room to say that the irs scandal was one of the most disturbing th...

Billion. president obama is elected, $1.4 trillion, $1.29 trillion, $1.3 trillion, $1.09 trillion. deficits aren't falling, deficits aren't getting cut, he exploded the deficit side of the ledger. >> if you had any idea how things worked in washington. >> if i had any idea -- what don't you get? >> $1.41 trillion was the last bush submission, goes to october of 2008 to october, 2009. >> 1.29 trillion, 1.09 trillion. they're not dropping at the fastest rate in history. he has more debt than all presidents combined. >> he said they're figu-- >> he did an unprecedented live appearance in the east...

Cuts, the brutal approach favored by many republicans in the house. what has this done to things like gdp and unemployment? >> it led to slower gdp growth and that led to higher unemployment. i was in a city that you know about, london, and you could very much sense from talking to policy makers over there that this austerity program is in a lot of trouble in terms of slowing growth and the economy and jobs and also because when the economy grows more slowly, you end up with less revenue. it's not helping much on the deficit side. the other thing you saw from the office of budget responsibilit...