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And welcome to fox is -- panel plus with Bill -- Joseph Trippi Karl Rove and Juan Williams -- as promised.
Why is Carl wrong.
Well Carl makes it at that somehow you know the bit that the -- Romney is going to pay.
Have for all these tax cuts that are gonna drive up the deficit is just this purely wrong in fact they have not the -- team has not laid out.
Where these cuts would that would accrue just as having done it.
Well I look.
He says he's gonna play.
But it's clear he has not laid out the specific loopholes deductions that he would close the tax expenditures to pay for this dramatic 20% -- In all the tax -- does he need to do that.
Well he needs to be directional that I do think right now's the time to be respectful and if you want to be a successful president start thinking like -- successful present now.
So it's right for him to -- respectfully house Ways and Means Committee and Dave Camp and his people and say look.
This is my principal and he -- he's artists on thank you Greg thank you harbored and Glenn Hubbard of Columbia to work with house ways and means as -- as an old line of communication and I think it's right to push the Republicans in -- house ways and means where this would.
Have to start to say I want you to be my partners we've agreed on this principle now let's begin the process have been the best they run the risk because.
The failure to -- listen -- it to spout these out and allows the president as he has to say he's gonna give these dramatic cuts.
88 you know in tax cuts for the wealthy and he's not paying informants gonna explode the -- -- look I don't look at us -- and -- also on the spending side.
You know he's calling for the black forget how much it is trillions of dollars in spending cuts and he doesn't -- where -- so then Obama sits there and says of the Democrats.
Well let's just take -- across the board that would mean 200000.
Jobs here in this big a -- on the National Institutes of Health I -- he does racing.
Problem you know first of all I do think that that American people except that he needs to talk more about here's my concept of tax reform -- the principles are probably enough for most of the American people.
And it may need that you may need to pick out and a couple egregious things it's a you don't.
This of that -- -- why what are you get to take your mortgage deduction up to a million dollars on your second home your vacation.
Mean a couple of those suffice but the principle will stand is better than the president who's got it ought to take care of all of the Buffett rule which will quote.
You don't sustain you know get take care of our ability to deal with the debt and deficit for the coming decade.
Didn't answer the ground -- -- yes I did you did that.
In the book that -- that's what we have ever open a period over and over your years when I thought hit the buffet rule is once symbolized the idea that.
Everybody should share in the senate allies needed to -- everybody does everybody does what everybody -- we got in the form of paying taxes in this says we will set a new principal that we will punish -- -- it -- Carlo with a little while -- let -- -- it will pay -- taxes let -- finish and then I'll give you -- -- to this establishes a new principle that we -- that we what will.
More heavily tax savings and investment at a time -- the country.
Needs to YouTube to have more savings and investment and we will do so -- -- -- a will generate 47.
Billion dollars over the next decade when the president wants to spend 47.
Trillion dollars which is 47.
Thousand billions of dollars it is not a real answer and and Romney has laid out a concept for conference -- tax reform.
The president has not he's laid out a gimmick they can't even get a vote in the Democrat house at the Democrats' Senate.
Finance committee Bob let me just another disaster this question in response I asked David -- -- sad.
Do you have anything else does this what he's basically saying is the jobs -- that he had announced congress.
Last September a year ago which according to independent accounts that only create a quarter of a million jobs over two years.
And -- they have.
I hope they have a plan that is being instructed by -- totally obstructionist Republican majority in the house of represent they can't get anything done.
And I think he has to be very clear here -- ideas that I think can ignite the -- You think his ideas that they were all passed would ignite the economy you have to give it a shot I think clearly a and by the way I will acknowledge that -- -- -- what is now considered to be toxic stimulus spending right.
Note politically not available -- doesn't work in the marketplace but did it impact.
Help us avoid the tragedy of depression I would argue it did I would argue that if you look at GDP and other economic indicators the stimulus.
Have helped -- the apartment -- ever improve -- felony that that's where I worked.
Six and all of the interest of fairness and balance.
Who say we're more got it -- about the Romney campaigns ahead of this petty partisan debate here.
At all mr.
Now I I I knew I think Romney I've set for tomorrow for the Mitt Romney's religious with a presence is -- -- -- so biggest the end of the day president -- not been very successful present.
But I was parish -- Gallup poll this week that asked who -- but when most -- of -- sad state of the economy.
A bush was 68%.
Romney 52 but what was most don't Obama -- talk again about to teach him some people still blame President Bush more than present a problem if they think.
-- the huge financial crisis happen -- President Bush's watch.
And we can re litigate why that happened but voters sort of have this of one if you that if he was president was present -- -- was president and what's most likely is that hasn't changed.
Over the last year and a half that is that sort of locked in that it is good for President Obama and Edwards that the -- and Romney does bear that burden it may be totally unfair.
But he -- that burden which is all the more reason I think he needs to have a forward looking agenda.
I I think.
People like me who just think that attack on bush -- gotten ridiculous.
How effective it could be out there -- swing -- -- swing voters that line that present about repeated a five times in that speech.
About hey -- we'll just take us back.
To the bush years and have of the bush years and that is not and I think and and an ineffective line and the best way to counter is not to litigate the bush years Carl and I and others to do that on behalf of President Bush but for Mitt -- -- here's my agenda going forward what.
And it's -- as speaking of the agenda going forward though I and I don't think it was just happenstance.
Cloth and our interview talks specifically about the fact that Romney is going to be would Boehner today and and this is a fanatic gonna hear a lot.
Romney will rubber stamp the Republican house Republican agenda you don't like those house Republicans and their numbers are very -- You put in Romney he'll just signed whatever they pass that that's exactly right but I think -- part of this discussion reasons we're having it and it seems so patties because.
People understand that these.
Problems racked up over decades this wasn't this is -- all George Bush's fault it started it or obamas -- a long time ago.
And and mommy had it's not his site he did ideas he articulates our out of the past they are.
Keep passing tax extend tax cuts for the rich you mean -- -- these kinds of issues well if Obama can.
Can transmit can sort of focus people on the future.
And look -- been held up by Boehner and Republicans.
From taking the steps that we need to tape we've done the best we can we've created private sector jobs were moving forward.
How do we go from here.
That's how it it -- -- -- Romney fails to project some positive forward thinking it's going to be a problem form it's gonna look like he's going backwards plays -- bombs.
Thank you panel everybody come down our pretty ready to -- The rest of their son had a -- problematic rather than.
Check in with us throughout -- -- let us know what you think of this conversation look for my Monday edition of Wallace unplug.
Which you can find right here at Fox News on a dot com and we'll see you back here that's.