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How we move into fiscal 2014. we have this temporary spending bill, but they need to come up with a deal that will last through 2014 and that will deal with remember the sequester that is the automatic budget cuts that come down every year. it is $110 billion automatically on january 15th. they want to stop that a from happening on the democratic side. on the republican side they want to shuffle the cuts around so they are more targeted to the things they favor. so the two sides will be focusing on that. with democrats it is going to be how do we restore the spending cuts. maybe through tax in...

Billionaire class -- >> that's true. that's true. it is not -- it isn't a fair tax code. the way to get a fair tax code is to lower rates and get rid of deductions so people don't have to avoid their taxes. but i will say, in google's defense, the corporate income tax in our country is 35%. in canada, it's 15%. in bermuda, i think it's 9%. across europe, alternates in the 20s. money goes to where it's welcome, money is not welcome in the united states. what the president's trying to do is make it worse so money and people will flee. people will flee if you raise their taxes. they won't work as...

I want to thank the president and tim geithner for reuniting and reenergizing the republican caucus because that offer, they must think john boehner is santa claus because that's a christmas wish list. we're going to have a discussion. i don't think we need to put a formal proposal on the table. the speaker's already said revenue is on the table. he has an idea how to get there in terms of not raising rates but finding it in other ways through tax code reform. i think that makes sense and that's a doable thing. beyond that, we'll wait and see how the negotiations go. >> joining us now from was...

Would provide large tax cuts to high-income households and increase the tax burdens on middle and/or lower-income taxpayers. and yet, mitt romney is still steering the conversation towards taxes. he was in colorado talking about tax code reform. >> our tax code is extraordinarily complicated. i understand that there are seven times as many pages in the tax code than in the bible. so i want to simplify our tax code. >> romney is walking right into the president of the united states's wheelhouse when it comes to the discussion of tax fairness. the president has been hammering this message of tax...

Is that a revenue-knew ral individual income tax change would provide large tax cuts to high-income households and increase the tax burdens on middle and/or lower-income taxpayers. and yet, mitt romney is still steering the conversation towards taxes. he was in colorado talking about tax code reform. >> our tax code is extraordinarily complicated. i understand that there are seven times as many pages in the tax code than in the bible. so i want to simplify our tax code. >> romney is walking right into the president of the united states's wheelhouse when it comes to the discussion of tax fairne...