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Cap on deductions per individual. first of all it's too late to do that. he's been talking about this 20% marginal tax cut, $5 trillion cut, be every single day of his whole campaign. but even if you took that $17,000 cap on deductions, it's not enough to avoid raising the burds on the middle class. if you do some math on for just mortgages and how big a mortgage you might have to have, especially if you haven't been able to refinance it to get up to $17,000 of deductions just on the mortgage interest, let alone other things like state and local taxes, that doesn't avoid raising the tax burden...

That last year we spent 6.5 billion hours filling out tax forms, the equivalent of 2 1/2 million full-time jobs. it cost the economy $300 billion a year. huge waste of brain power. so yes, tax simplification is absolutely essential. paul ryan, the vice presidential candidate, has an even better plan than romney has, and that's junk the code, have two rates after exemptions, 10% above $100,000, 25%. that would get the economy moving. >> what mike was talking about, all of these tax cuts just add to the tax code, they don't make it simpler or smaller. >> i can get behind a simpler tax code, but ...

On foreign policy and the wars. and he is -- he's right there when he says that we don't know what mr. romney would do if he became president. mr. romney has said recently and vaguely that he supports what president obama is doing in afghanistan in terms of there being a timeline for leaving but he has also said he was against a timeline for leaving in the past. so really who knows? he's not even trying. the closest we've gotten to any competing cogent republican position on the war is probably what we got from senator john mccain at the republican convention when he said that the afghanistan ...

Position, bibi netanyahu. he doesn't have a serious challenger to his authority in israel. ahmadinejad -- president obama has an economic crisis in his hand. you have a situation where you have three players and only one player is in the strong position. it is, again, something that the opposition is going to use against president obama over and over again. as long as mr. romney is not asked what he would do instead. he's never really communicated what he would do instead. he's in the happy position where he can criticize without being challenged on what he's doing. >> he said similar actions ...

Under george w. bush and senator joe mansion. gentlemen, thank you for joining us. let's get to the point. what do you anticipate from the first, in a series of debates? do you expect political fireworks from the candidates? chris, we begin with you? >> well, here's the thing, i think is interesting about debates. everyone thinks they are about answering the questions and who comes up with a better policy response. but they are not. they are momes. who defines and wins the momes. if you are governor romney, you are going into this debate, you are behind in the key polls and behind in the natio...