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and out front tonight, big ideas. ron paul wants to cut $1 trillion from the federal budget. herman cain wants to toss out the current tax plan and go to 9-9-9. some people have laughed at the candidates for these big ideas, but the reality is a bold idea, not necessarily cain's or paul's, is what we need to break through the paralysis in washington that's hurting americans and america's reputation. paul, cain, and the other republican candidates are gathering in nevada for tomorrow's debate. and nevada is a place that needs a really big idea. the state's unemployment, 13.4%, highest...

hello, everyone. welcome to monday. i'm erin burnett. and out front tonight, big ideas. ron paul wants to cut $1 trillion from the federal budget. herman cain wants to toss out the current tax plan and go to 9-9-9. some people have laughed at the candidates for these big ideas, but the reality is a bold idea, not necessarily cain's or paul's, is what we need to break through the paralysis in washington that's hurting americans and america's reputation. paul, cain, and the other republican candidates are gathering in nevada for tomorrow's debate. and nevada is a place that needs a rea...

explained his plan today. >> we have to prioritize. both parties agree that we need to reduce the deficit by the same amount, $4 trillion. so what choices are we going to make to reach that goal? either we ask the wealthiest americans to pay their fair share in taxes railroor ask seno pay more for medicare. we can't afford to do both. either we gut education and medical research or we've got to reform the tax code so that the most profitable corporations have to give up tax loophole that's other companies don't get. we can't afford to do both. this is not class warfare. it's math. >>...

the end of next year, beyond the election, with cuts and spending caps also on the table, house speaker john boehner wants all house members to weigh in. so he plans to hold a conference call with many of them sometime today. so we've got up to the minute coverage of what's happening in washington. cnn's kate bolduan is on capitol hill. dan lothian is at the white house. first to you, kate, senate leaders in both parties keep saying that they are, quote, very close to a deal. what more do we know? >> reporter: we don't have specifics of a final deal quite yet because as far as we kno...

>> are you ready to deal with taxes -- put that on the table as part of an effort to end this debt crisis right now, congressman? >> well, listen, taxes that the president is proposing is going to do nothing but crush jobs. second of all, he has absolutely no mechanism to ensure that these taxes don't fuel anything but even more government spending. he fundamentally doesn't deal with the problem. we are on the verge of being the first generation in america's history, leave the next generation with a lower standard of -- >> president says he won't sign into law an extension of the bush tax cuts...