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Accounts to other types of retirement accounts, and there may be a tax savings now, but there is a -- an additional taxes down the line. so, in some ways, it is the same sort of thing. we're not facing what we need to do now, pushing it off to the future. i mean, look, we have to get rid of our regulations, and if we want to do something, why not suspend the payroll tax for six months or a year or two... >> gregg: congressman engel, your response. >> we have to do something. obviously, unemployment is up, and the jobs market is difficult. and, we have to do something. the problem is really not...

Business groups, is a bill that can help stimulate the economy and we ought to be working to do it. it is fully paid for and we ought to be using it to gets the economy going again. >> gregg: the centerpiece of the president's solution was the stimulus bill and he promised, unemployment will not get above 8%, and it is almost 10% now and when he stands in front of the white house as he did on thursday and said now i want you to pass this jobs bill, doesn't he lack credibility among the american people? >> well, the question is this: not a matter of credibility. it is what kind of credibility d...

Joining us to talk about it, fair and balanced debate, a democrat from new york eliot engel and republican from california, dan lundgren, let me start with you, congressman lundgren, will the job cut taxes for small businesses as the president claims or will the larger bill actually increase taxes? i've read up to $19 billion. >> well, of course, we don't know what the bill will be, until the senate finishes its product and presents it. what we know is what they talked about before we went on our break, and one of the things it includes is what we call the -- in the house bill, t.a.r.p.-3. $32...

Than to put their heads together. >> gregg: congressman lundgren. >> do something positive. >> this is the typical response, unfortunately, yes. small business supports part of the bill but the total bill destroys the overall effect and the net result is, you'll have a greater call on taxpayers, or more debt, or more of t.a.r.p.-3. and i don't know how my -- >> gregg: congressmen, thank you for being with us this sunday. >> thank you. >> julie: the proposed site for the ground zero mosque becoming the fronts lines in the debate over building it, today, backers and opponents facing off at compe...