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When the democrats talk about tax reform and say they want to replace the sequester and almost all the defense cuts with revenues, what they are saying specifically is they want to limit itemized deductions for the rich. now those words, that is kind of policy term. doesn't mean much to most people. but when you hear it, this is what you should hear politicians say. they want to limit tax policies, to donate the charity, pay their state and local taxes and to buy homes. that is what the itemized deductions are for the rich, the state and local tax deduction, overwhelmingly. we're talking about...

Government. because of that, there is an unwiliness with the house and leadership of the republican party to do anything along those lines, because that will be sold as a retreat to be really fiscally conservative. we saw that under george w. bush, laying the seeds of the tea party. >> but wasn't what happened in the previous decade, they made a bunch of decisions around spending because they wouldn't touch taxes, and blew up the deficit, that was at least part of the narrative. underneath that is the other question, when they are looking at a deal like this and saying we don't believe that ou...

Armed military forces. >> and the president laid out no plan for the sequester. >> that we're convinced would hollow out the force and inflict serious damage to the national defense. >> all right. if the sequester goes into effect, the full cut to the defense budget will be about 31%. think about that, the war on terror increased, and the cut to the defense budget, even with the sequester, will be less than it was either of those. it kind of puts all the doom saying in perspective, doesn't it? now, sequester is a really stupid way to cut the defense budget. i'm not arguing that point. it is br...

All spending is created equal. the medicare, social security spending, the white house would be able to get into those programs. but they are not without going outside of the boundaries of the sequester. so what about the rest of that? >> the problem is you have to have an assumption of competence on the conservative base, the republicans as a whole, when it comes time to negotiate with the white house they will come out with a better deal. and i think that frankly the base believes they're not capable of doing such a thing, they have their doubts about the ability of republicans to negotiate ...

And other allergy symptoms -- all in one pill. zyrtec-d®. at the pharmacy counter. i stand by those commitments, to make the reforms for smart spending cuts. but we also need republicans to adopt the same approach to tax reform as speaker boehner championed just two months ago. >> the president says we have to have another tax increase in order to avoid the sequester. well, mr. president, you got your tax increase. it is time to cut spending here in washington. >> i don't understand this debate. i don't understand the republican position on the sequester. and i don't mean the politics and t...