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Ra rate. >> i think we may end up getting there. that's the way it's been in the past. i think it makes a lot of o sense. this, in effect, does that for the high income people who are taking advantage of that tax rate because that's the biggest loophole that allows people with multi-million-dollar annual incomes to pay these lower tax rates. >> and that's legal. governor mitt romney takes advantage of that. but that's the way the legal system is. >> warren buffett takes advantage of it. they show on average 18% tax rate that's used very widely by very high income earners. >> so this is a tough...

People. you want not nips and cuts but structural reform tone titlements. did yo sense, first of all, are you willing to give up one to get the other and did you get a sense he was? >> we already had a tax increase. we think it is unfair to ask hard working taxpayers to pay more so washington can spend more. we think we he should balance the budget. >> chris: but you know that is what he wants. >> we do have a difference of opinion on that. the other problem is this by continuing to raise taxes to fuel more spending you will never get tax reform which is critical for economic growth and job cr...