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It would be better named the unfair tax. >> and going to the spending side of things, where kevin mccarthy is saying that he wants spending cuts,, he actually wants to for spending cuts as part of the debt ceiling agreement that the president and chuck schumer say they absolutely will not participate in. but when he says that we absolutely will not touch medicare and social security, let's just for the moment, for hypothetical, except that. what is left in what he would have to do to the budget in order to get to his balance in ten years? >> the math simply does not add up, lawrence. if you sa...

>> tell me how you look at it. >> yes, so first of all, remember, let's not lose sight of what we're talking about here. the trump tax cuts added almost $2 trillion to the deficit, trump republicans then went on to add another $2-plus trillion on the spending side, all while republicans, including kevin mccarthy, voted for three increases in the debt ceiling. all right? so i think it is a great question as to why now is different than then. as was mentioned, the debt ceiling has been raised 78 times, i think 49 times with republicans as president, the rest with democrats, so that is sort of a ...

In the last few days is different than what i've seen in three years. more unified than ever and we have the same priorities and strive to be the no drama option, the no drama solution for the nation. as an appropriateor my focus is on making sure we get back to regular order and stop the bleeding on the spending side. stop the bleeding and aggravating our nation's debt. get lower taxes, less spending. return the dollars back to the american taxpayers rather than bureaucrats in washington, d.c. that's my focus as well as all things national security. we have 218 now votes, maybe 220, 221. what...

£70 billion to fill that so—called black hole in five years' time and much of that depends on how the economy first but it is a large sum. 0n the taxes side we could see various tax rates rise on things we earned or spent on but we could see changes in what is called stealth taxes. that is when for example the band at which you stop paying a higher rate of income tax doesn't rise even though your income is rising, so it may sound like a positive but actually it means you are liable for more tax. equally on the spending side, we already know schools, libraries, the police are all struggling ...

Bill? >> better than the last two years with all the spending and so forth. so i think it's progress. just joe biden really can't get more progressive, at least on the spending side. there is a check there. i think that's an achievement but, of course, not the same as actually putting good policies in. we're blocking bad policies but we don't yet have enough people to force good policies. >> bill: dana and i are big fans of your editorial page because you seem to go after issues that sort of intersect with our jobs and lives here. we log on the night before to read what's coming up. last night...