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1% getting more taxes a at letter rate and more fairly if we eliminate loop holes. i think that's what most of them are saying. more importantly wbt pay for on these bills, we need to make sure that in fact we understand that government cannot simply collect less an be able to spend more. that has to change. that's what we are hoping to do in this bill. >> congressman darrell issa, thank you for your time. we look forward to having you on this show again. >>fully time. >> coming up, what do cracker barrel and whole foods have to do with the election? but after the break, will it be june befo...

I think we have a chart of them, that will give a huge tax breaks to the top 1%. i think newt gingrich has one that will give the average millionaire a tax break of $650,000 in 2015. yet there's no dialogue about sort of where that money comes from. i wonder what you make of the current field, vis-a-vis, struggles going on in the hill right now. >> i will try to be succinct in my answer. first of all, these tax proposals coming out of candidate for president, in most places where they want to lower the top rate, the scoring is based on what you would lower. it doesn't talk about filling or eli...

Coming together on what a sensible deficit reduction plan is about. and all of the polls say the exact same thing. the american people whether they are republicans, democrats, independents, conservatives, progressives, they say that when the wealthiest people are doing phenomenally well, when their effective tax rate has gone down, you've got to ask the wealthy to pay more taxes. the american people are saying, when you have these huge corporate loop holes so the companies made billions of dollars in a given year and pay nothing in federal income tax, you got to close those loop holes. and the...

In 16 years and led an effort that led unemployment to drop from 5.6 to 4.2 percent and create a national majority for the first time in four years and first reelected national majority. >> cut taxes. take out the loop holes and cut the federal spending, balance the budget by 2020 by those spending cuts and pro growth policy a balanced budget amendment. >> two candidates. mitt romney and herman cain did not attend. they are actively competing in the state. they gave economic speeches in washington promoting their political vision and going after the president. >> it is fundmental error, he bel...

situation room." herman cain has been flying high. a leader in the republican nomination. suddenly there are stunning allegations of sexual misconduct, threatening to potentially dramatically hurt his campaign. they date back to the 1990s, brought by two women who reportedly received a financial settlement. herm yan cane flatly denies the jl gagss. they were first reported in politico. he says the allegations are totally false but why was his campaign seemingly caught flat-fooded by something going back more than a decade. joe johns has been digging teeper into this for us. joe, wh...