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>> shannon: in the wake of the weekend passage of the inflation reduction act, republicans are vowing to make democrats pay a political price for purportedly making middle-class americans pay the price for the big spending track dell my package. the president is touting the savings but republicans insist it's going to raise taxes on all americans. >> for some of us it's not going to kick in a little bit but it's all good. >> all it does is raise their hundred $26 billion, hundreds and hundreds of billions of dollars on taxes on the small, medium size businesses in this country and on energy. >...

And republicans continue to pick apart his 2012 budget. omb director jack lew went head to head with paul ryan, saying although this was the most difficult budget he's worked on, he's confident it puts the federal government on a spending track that is sustainable. treasury secretary timothy geithner went through the house ways and means committee arguing the corporate tax rate should be cut substantially and that we cannot slash social security benefits. president obama defended his budget at a press conference. >> part of the challenge here is that this town, let's face it, you guys are pret...

Children, the fbi, cdc, americorps, peace corps. >> so what if it's air traffic controllers that make the skies safe. so what if it is usda meat inspectors that make sure the food supply is safe. >> republicans attack the president for not supporting the budget commission plan, even though they don't support it either. >> hypocrisy in washington. >> you are about to witness what may prove to be an historic competition. good evening from washington. it was a day of defense for president obama and his administration as both democrats and republicans continue to pick apart his 2012 budget. omb ...

>> so what if it's air traffic controllers that make the skies safe. so what if it is usda meat inspectors that make sure the food supply is safe. >> republicans attack the president for not supporting the budget commission plan, even though they don't support it either. >> hypocrisy in washington. >> you are about to witness what may prove to be an historic competition. good evening from washington. it was a day of defense for president obama and his administration as both democrats and republicans continue to pick apart his 2012 budget. omb director jack lew went head to head with paul rya...