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Lower the corporate rates close a lot of those loopholes. >> that sounds on what mitt romney lost on. >> it's part of sim southern bowles. -- simpson-bowles. >> what dick durbin has signed off on. >> jonathan i want to go back to you, ezra klein has a good analysis in "the washington post" about what kind of game of hardball we're playing here. the president announced $1.6 trillion he wants to raise in new revenue more than you can feesbly as tim geithner put it raise than just closing loopholes. that is a reputation of what john boehner suggested in the days since the president has been re-el...

What they're fighting for and what the republicans are trying to do. >> j.p., republican shaking in their boots after this? >> no. and i actually think that this is a pretty interesting discussion. we just heard from the president who talked about how this wasn't really a political thing, this certainly should have been a form formality. now taking agent whether this was humbling for the republicans, we're talking about how flpt independents are now totally regretting their vote for tea party candidates. this is, in fact, political, which shouldn't be a surprise to no one. that's fine. there a...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

Romney ran and lost on, that the republicans tried to negotiate with the white house. it is incredible. and the only way i can explain this, the only way i can possibly figure it is that maybe boehner feels like he has to protect his caucus to the end, look like he fought to the last dog died for those two 2% rates because then when he caves at the end, which he's going to have to do, he can at least say he tried. >> right. by the way, the white house has rejected his latest offer which is where he was in august of 2011. by the way, here is the details of what boehner put forward. consists of ...