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Well to do to keep special tax loopholes an exemptions in the tax codes achieved largely through look beists work and not ask them to pay a little bit more. that doesn't make any sense. jenna: for the good of the country. if it's for the good of everybody why not senior consider it. >> what is good for the country is balance. if you don't have balance, jenna you have what we see in the ryan budget, the tax policy center policy said tk the tax cuts that go to the wealthy in the ryan budget would cost $5.7 trillion. guess who pays for that? middle class families. there is no way to get revenue n...

Make sure the math works. >> but congressman, how much farther can the democrats go? aren't the democrats bound by the success of the obama team in the election and the number of seats that were picked up by the house and the number of seats in the pickup in the senate and two seats by the democrats? aren't you bound by the election results not to give in anymore? the president has reduced the price a couple of times. he also put social security on the table, which was something i think you said wasn't going to happen. so how much more can the democrats give? >> ed, i don't think there's much ...

That can in fact be adopted by the house of representatives, passed by the united states senate, and signed by the president of the united states. that will require what we haven't seen in this republican majority, the willingness to compromise and be reasonable and make sure the math works. >> but congressman, how much farther can the democrats go? aren't the democrats bound by the success of the obama team in the election and the number of seats that were picked up by the house and the number of seats in the pickup in the senate and two seats by the democrats? aren't you bound by the electio...

Work. the speaker and others will work to try to get to an agreement that can in fact be adopted by the house of representatives, passed by the united states senate, and signed by the president of the united states. that will require what we haven't seen in this republican majority, the willingness to compromise and be reasonable and make sure the math works. >> but congressman, how much farther can the democrats go? aren't the democrats bound by the success of the obama team in the election and the number of seats that were picked up by the house and the number of seats in the pickup in the s...

>> there you go. after rice's announcement yesterday, the massachusetts democratic party tweeted this. bring it on. in case you're wondering, the way the math works, assuming john kerry's resigned the senate seat after he's confirmed and that happens around january 20th, 21st. we're looking at a mid to late june special election in massachusetts. finally, another day, another rhetorical standoff if you will between president obama and house speaker john boehner as the country moves another day closer to tumbling off this fiscal cliff. boehner met with the president for 50 minutes in the oval o...