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I say this without any criticism, it was an eat your spinach speech, saying we've got to do some tough things on the entitlement side, spending side, tax cuts, tax side. you were one of the few republican leaders saying all of the above. do you think -- i mean, cuff an influence on mitt romney being more realistic about taxes and what kind of taxes that he, himself, might have to give um? >> maybe. again, i think we have, generally, the same view about these things. maybe a slightly different way of saying it. my own intent, at least, was to give an optimistic speech. we've got huge problems, ...

if they fail -- and that's expected -- what happens? >> reporter: it seems that despite the very -- we call it the super committee and they had super powers. this committee written in law had the power to bypass many of the procedural hurdles that slow down and hold up legislation up here on capitol hill. despite having the power these 12 committee members were not able to bridge the gap on a philosophical difference on what they believe. a big issue that's held up negotiations to this point, the issue of taxes. democrats increase the tax revenue increased taxes need to be part of an...

we're talking about on wealthy americans. some of the taxes we have talked about before, limiting those itemized deductions that the wealthy take. closing loopholes on hedge fund managers, oil and gas companies, corporate jet owners and also letting the bush era tax cuts for the wealthiest americans expire when they are set to. also a little more than $1 trillion in war savings. of course, we do know that the wars in afghanistan and iraq are already going to be winding down. and that's something that republicans are hitting on. and frequently both sides have used this when they do th...

increases are a job killer, particularly when you have over 9% unemployment. >> norm orn steen, that is disingenuous to say the least, that he realized they were a job killer, why he extended the bush era tax cuts. there's one reason only the president extended those bush era tax cuts and that's because he needed a deal to extend unemployment. this is the kind of misinformation campaign that is continuing on capitol hill. i sent out a tweet a couple of hours ago, i said, could anybody, anybody provide me with research, not opinion, but research that tax increases kill jobs. please se...

Very -- you know, they're not ready to take heat on taxes, but the democrats aren't ready to take heat on any kind of broad-based taxes or on spending cuts for real. >> actually, that's not true, mike. you know that. a broad-based tax is exactly what the president and democrats proposed. we said let's go back to the same things in place for the clinton administration from the very top -- >> that's not -- [ everyone talking at once ] >> no, no. everybody making over $100,000 -- [ everyone talking at once ] >> that's over $700 billion. that's a big chunk of the money. now look, the bipartisan gr...