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We'll follow it for -- we on ninety days from the falling off of the fiscal cliff that is the fiscal cliff clock for you.
The New York Times reports that senate leaders all walking on a budget compromise.
Saying the deal involves four trillion dollars worth of deficit reduction over ten years is.
Grover Norquist from Americans for Tax Reform is DC.
Drug like your around no tax guy I don't want to draw your attention to one line in the times story today which says.
It will get this deficit reduction reached through revenue raising it by an overhaul of the tax code.
Is that code for a tax increase which senate Republicans could agree to.
It's cut to a tax increase senate Republicans won't agree to it and they -- of the Ways and Means Committee in the house representatives.
I just made very clear yesterday there will be no tax increase this year by eliminating deductions or credits.
Those politic I -- why do you think the times is floating this story front page -- story of the day compromise here it comes on the budget tax increases.
For all of 2011.
They told us that the Simpson balls gang of six were about any moment now.
Chip chip put in writing some budget deal that would raise revenue than ever -- taxes oddly enough but raise taxes.
To get revenue.
And cut spending some way down the road maybe they think about it.
That -- now -- they talk about that all year it was never true when we finally made the gang of six.
Show us what they had written down it was a stack of paper with all work and no play makes Jack a -- -- scribbled on it and it did.
There wasn't anything they pretended to talk about it for a full.
Year the fact that they're doing this again I don't -- senators -- tell it like to do this but as the head of that.
House Ways and Means Committee said if you take a dollar out of deductions in credits to spend it which is what the senate talking about doing what Obama wants to do.
That dollars not available for tax reform and all tax increases.
To pay for more spending.
Undermine tax reform and therefore they're not going to allow it.
So this is that this is a non story because it'll never pass the senate it would never ever ever pass the house.
And as much as Obama might like to see it happened now.
No -- advice for -- Mitt Romney in tomorrow night's debate.
-- -- Obama has changed his previous promise which -- you wouldn't raise taxes on anyone who weren't.
Lesson 250000 dollars -- I broke at about eight times during his presidency.
But the new promises.
He won't raise any with income tax it's worth less than 250000.
So Obama himself in his campaign speeches sets.
If I get reelected president 2014.
Katie bar the door there is no protection for anybody.
So what -- -- -- -- attack on the tax issue that's what you say Mitt Romney can must and should do.
And spending and -- -- overall but -- tax and tax policy.
Of this administration which would only get worse in a second term all right -- -- all was always a pleasure thanks for joining us up.
Good to be there.
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