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Be the strongest sign yet that the president, that the reaffirmed status quo, gridlock status quo in washington by voters can't work. that would be very bad news for everybody. megyn: it is not only tax hikes on everybody, first wally everybody but it is major, massive defense cut, defense cuts which the defense department is warning you can't do. it is payroll tax cut. it is jobless benefits will be cut. reimbursement rates for doctors who take medicare patients with the so-called doc fix. that will jeopardize potential care according to dr. seeing he will if. there are all sorts of things, i...

Issue? >> reporter: well, jon, it's a huge list of items that are now being saved until after election day. let's take a look. the sequester, those automatic cuts as part of last year's debt deal, income taxes, rates go up, the marriage penalty is due to return, the alternative minimum tax which would effect millions more people, the estate tax, size will drop. the rates on taxable estates will jump. capital rates and dividends will increase. social security payroll taxes due to a jump from 4.2% to 6.2%, and then you've got popular deductions and credits like the child tax credit, some adoptio...

The annual debate over the so-called doc fix. back in 1997 democrats and republicans agreed to a budget deal that included large reductions in fees for doctors who treat medicare patients. well, it soon became clear that these cuts would make it impossible for many doctors to keep treating medicare patients. so every year, like clockwork, congress postpones the cuts. some of us learned a lesson from that experience. top down, bureaucratic cuts to medicare just don't work. providers stop providing care. that's what happens. [applause] unfortunately, some democrats, including the president, lear...

We're going to have the sequester, the 1.2 trillion of additional spending cuts from the budget control act going to take effect next year. the alternative minimum tax is going to come back on, the doc fix is not in place. that means those doctors are going to take a 27% cut. there's a reality moment coming soon. >> let us hope that members of both sides embrace that reality. mr. chairman, thank you for coming. >> senator, thank you. >> come back. >> and thanks for not wearing a tie. >> yeah. i did that just for you. >> well, i think you look a little better than he does. >> yeah, mika's reall...

How he's going to deal with all the kick the can policies that expire at the end of the year, the tax breaks, the spending cuts that kick in, the medicare doc fix. this isn't make believe. it's real stuff, and we have two candidates who don't talk at all about it. on both sides. >> but, chris, if jim vandehei is correct, then you're going to see an eruption from the right unlike anything you have seen right now. if they start to believe that romney is just rolling them, that he's just saying that he'll govern as a conservative, then he's going to have an even bigger rebellion on his hands beca...