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Fierce that if governor romney wins he's inheriting an economy on the up swing and would be able to step in and start taking credit for it? >> well, probably one of the democrats' figurest feabiggest simply that romney wins. i have heard this argument. there's something to it. there are very much economic cycles embedded in our economy. and the next president is absolutely going to preside over an improved economy relative to the last four years. that said, i think the important thing there is to look at their different policies and how they might impact not just the economy but also the budge...

91% of people who use the deduction make less that $2 hundr $00,000 a year. let's turn to david stockman, former budget director and director of office and management of budget for president ronald reagan. great to have you on the program. >> great to be here. >> george will says the romney tax plan doesn't add up for the middle class. what's your assessment? >> that it doesn't add up and his budget plan doesn't add up. he has a secret plan to cut the budget. after all, the republicans were the party of fiscal rectitude. when you ask them in this budget what is it you're going to cut, it's not...

65% of people who use the mortgage interest deduction make less than $100,000 a year. let's turn to david stockman, former budget director and director of office and management of budget for president ronald reagan. great to have you on the program. >> great to be here. >> george will says the romney tax plan doesn't add up for the middle class. what's your assessment? >> that it doesn't add up and his budget plan doesn't add up. he has a secret plan to cut the budget. after all, the republicans were the party of fiscal rectitude. when you ask them in this budget what is it you're going to cut...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.