two-front battle. the fight over tax heats up on the campaign trail as the house prepares to vote against the president's health care law. fast and furious. the botched gun-running operation that's linked to the death of border agent brian terry, and now the government is looking for help capturing his suspected killers. and home run royalty. prince fielder slugs his way to the home run derby title. >> it goes back, back, back, back, and, yes! >> oh, my goodness. captioning funded by cbs and good morning, everybody. good to be with you. i'm terrell brown. the battle continues today over two contentious issues front and center in this year's election, health care and taxes.

the president will campaign in iowa, mitt romney in colorado. both candidates will be pushing their vision of tax fairness. the president is touting his proposal for a one-year extension of bush-era tax cuts on the first $250,000 of a family's income. republicans counter that by calling it a massive tax increase. danielle nottingham begins our coverage. >> reporter: president obama drew an election-year battle line over taxes. he wants to extend cuts for middle-income americans but thinks those who earn more should pay more. >> let's not hold the vast majority of americans and our entire economy hostage while we debate the merits of another tax cut for the wealthy. >> reporter: the president is calling for a one-year extension of the so-called bush-era tax cuts for households earning less than $250,000 a year and individuals earning less than $200,000. they're due to expire at the end of december. this will cost taxpayers $150

billion in 2013. >> folks like me don't need a tax cut. we can go ahead and go back to the breaks that were under bill clinton. >> reporter: but republicans say what the president is really doing is raising taxes, and they have a different plan. the gop wants to keep all the bush tax cuts, including those for households earning more than $250,000 a year. that will cost taxpayers an additional $850 billion over the next ten years. republican presidential candidate mitt romney says the president's plan is bad policy. >> we just saw a terrible jobs report just last week, and now to add a higher tax on job-creators and on small business is about the worst thing i could imagine to do. >> reporter: count on taxes being a top issue at the presidential debate. danielle nottingham, cbs news, the white house. and then there is health care. house republicans scheduled a vote this week to overturn the president's health care law,

even though they know the measure has no chance of passing in the democratic-controlled senate. susan mcginnis is in washington with that part of the story. susan, good morning to you. >> reporter: hi, good morning, terrell. yeah, this vote is fully symbolic. it gives the house republicans a chance to show their opposition and it puts them on record on this issue for the election. house republicans are making a move to repeal president obama's health care reform law. >> this has to be ripped out by its roots. this is government taking over the entire health insurance industry. >> reporter: just days after the supreme court upheld the law, the house begins debate today and will likely vote tomorrow on house resolution 6079, the repeal of obama care act. the vote will be the 31st time congress has voted to repeal, defund or dismantle the affordable care act. >> it's like groundhog day around here. >> reporter: the bill will likely pass the house, but it is virtually certain to fail in the senate. and even if it passes, the white

house has already said the president would veto it, leaving some wondering why they would hold yet another vote. a new kaiser foundation poll finds most republican voters want congress to keep trying to repeal the law. 41% of independents and just 14% of democrats feel the same way. >> the most obvious downside of obama care is that it's not affordable. his plan raises taxes by over $500 billion. >> reporter: mitt romney promises to repeal the health care law if he's elected in november. he's been able to raise millions of dollars for his campaign as a result of the supreme court ruling. >> this health care issue is definitely going to be firing up the grassroots base, and probably in a way that is going to be very beneficial to republicans. >> reporter: president obama says the health care law is good for america and that it's time for congress to move on. well, that's not going to happen. once this measure fails, mitt romney and his camp will campaign on them being the last final hope to get rid of the

president's health care law, terrell. >> all right. susan mcginnis in washington, got a long way to go. susan, thank you so much. some not-so-good campaign finance news for the president. for the second straight month, the romney campaign has raised more money than the president. the obama campaign raised $71 million last month. mitt romney says he earned $106 million in june. federal authorities have identified four men wanted in the death of u.s. border agent brian terry. terry's murder is linked to the botched gun-smuggling investigation known as "fast and furious." a $1 million reward has been offered for the four fugitives. terry was killed 18 months ago in a shoot-out at the u.s./mexican border in arizona. two of the guns found at the scene were among those the government had been trying to track but lost. eight months after formal charges were filed and sealed, the feds are going public. >> if we had gone out earlier, we might have jeopardized the ability to find these individuals. >> we will give everything to it and we will not rest until these individuals are brought to justice.

>> this latest turn comes after the house of representatives held attorney general eric holder in contempt of congress for withholding related documents. overseas, u.n. special envoy kofi annan is in iran this morning after meeting with syrian president bashar al assad. annan hopes to enlist the iranians in his efforts to end the fighting in syria. yesterday, annan met for two hours with assad. peace talks were described as positive. >> we agreed on an approach which we would also share -- which i will share with the armed opposition. i also stress the importance of moving ahead for the political dialogue. >> last week, annan admitted his peace plan for syria had failed. activists say more than 17,000 people have been killed since the uprising against assad began in march of 2011. most of the country is breathing easier this morning now that the blistering heat wave has passed. the government says the u.s.

broke its record for the hottest first six months ever in a calendar year. the average temperature during that time, 52.9 degrees. it's 4.5 degrees above normal since july 1st. more than 2,100 heat records were broken. and the recent heat wave is blamed for at least 65 deaths. and the government says the middle of the country is suffering through a widespread drought, hurting this year's corn crop. 30% of the corn produced in 18 states is now considered in poor or very poor condition. a week ago, it was 22%. take a quick break on a tuesday morning. coming up on the "morning news," drug bust. an elaborate drug-smuggling tunnel complete with electricity and ventilation is discovered in arizona leading to mexico. this is the "cbs morning news." arizona leading to mexico. this is the "cbs morning news."

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there they go, running for their lives, again. four people got some bumps and bruises during the annual running of the bulls in pamplona today.

yesterday, three people, including an american, were gored, none seriously injured. the bulls are then herded to a holding tent and then killed by matadors in the afternoon. mexican officials found a drug-smuggling tunnel running into an arizona border town. this tunnel has lights, ventilation and even small carts to haul the drugs. it's 700 feet long and runs into a shop in san luis, arizona, which hasn't even opened yet. in the past three years, 22 similar drug tunnels have been discovered. "cbs money watch" time. the euro summit has a plan for the banks. and a storm. ashley morrison is here in new york. good morning to you. >> you were right there with me. good morning to you, too, terrell. eurozone leaders came to an terms on a bailout of the troubled banks. the finance ministers says the rescue package, which is worth nearly $37 billion, will be ready by the end of the month. the banking crisis set off fears that spain's government could default on its loans.

weaker than expected growth for china's imports sent markets lower this morning. tokyo's nikkei fell 0.5%, while the hang seng lost a fraction. on wall street, investors were jittery. they expect second-quarter earnings of s&p companies to decline from last year. the dow was down 36 points while the nasdaq lost 5. a new report shows some homeowners are losing their homes because they owe as little as a few hundred dollars in back taxes. the national consumer law center says some state laws allow local governments to seize and sell a home if the owner falls behind on taxes and fees. often, banks buy these properties at a low cost and resell them at a higher price. the study found tax debts as small as $400 can cause someone to lose their home. boeing has completed a $7.2 billion deal for 75 of its 737 jets. the agreement was reached at an air show in england, where industry executives meet. the deal is a big win for boeing as it tries to catch up with

airbus in sales of passenger aircraft. at last year's show, airbus filled more orders. regulators say $220 million in customer funds are missing from the iowa brokerage peregrine financial group. a regulatory group has frozen the company's accounts and barred it from most trading activities. the investigation was launched monday after psg's founder and chairman, russell wasendorf sr. allegedly attempted suicide. and americans used their credit cards more in may than any single month since 2007. the federal reserve says consumer borrowing rose by more than $17 billion from april to may, but overall credit card use is still below where it was just before the recession. and terrell, my credit card use usually is pretty much the same, high. >> i was going to say. you don't remember taking a few extra trips in may, maybe? >> you know, i'm not going to talk about it, for everyone. >> as long as it wasn't my credit card. right, yeah. ashley morrison here in new york. ashley, thank you so much. coming up, your tuesday morning weather.

in sports, the kings of swing were making a big splash, rocking the long ball during the all-star home run derby. the all-star home run derby. [ male announcer ] it isn't just your mammogram. it's your teenager's first varsity game. it isn't just your annual exam. it's your daughter's wedding. did you know with your health insurance you may now have some preventive benefits with no co-pays or out-of-pocket costs? it isn't just your cholesterol screening.

it's all the tomorrows you're looking forward to. learn more at healthcare.gov. here's a look at weather around the country. in new york, partly sunny, 84. thunderstorms in miami, 88. partly sunny skies, 82 in chicago. afternoon thunderstorms in dallas, 90 degrees. mostly sunny skies in los angeles, 86. let's check your national forecast.

it will be dry from the midwest to new england. showers and thunderstorms will roll across the south. heavy downpours in some areas could cause flash flooding. afternoon thunderstorms could pop up from north dakota to michigan. most of the west will also be dry and severe storms will target new mexico, producing some locally heavy downpours. in sports this morning, it's the all-star break, and you know what that means, home run derby. detroit's prince fielder once again this year's king of swing. not only did he rock the longest shot of the night, 476 feet, but he out-slugged toronto's jose bautista 12-7. fielder is only the second player to ever win multiple titles in the all-star home run derby, but it was a horrible night for last year's winner, yankees' robinson cano. he came up homerless. the all-star game is tonight. cbs's "late show with david letterman" hooked up the remote for an all-star top ten. >> and number one fun fact from your new york yankees, ladies and gentlemen, all-star shortstop derek jeter.

derek? >> oh, crap, the game's tomorrow? >> that's right, the game's tomorrow, ladies and gentlemen. >> of course, the 83rd all-star game is tonight in kansas city. the clock is ticking for lance armstrong. the seven-time winner of the tour de france has until saturday to fight charges he took performance-enhancing drugs. yesterday he went on the pcharges dropped. to get those but as seth doane reports, a judge quickly took the air out of that lawsuit. >> reporter: the lawsuit armstrong filed accuses usada of conducting a process that is rigged and that violates his constitutional rights, adding that the anti-doping agency has a vendetta. armstrong's legal team wants usada's case dropped because it could ban him from athletic competition and strip the cyclist of his unprecedented seven tour de france titles. the district court judge dismissed the case without prejudice and will allow armstrong's legal team to refile within 20 days. but in a strongly worded order,

the judge wrote, "this court is not inclined to indulge armstrong's desire for publicity, self-aggrandizement or vilification of defendants." usada has accused armstrong of using illegal performance-enhancing drugs and methods during the years he won the tour. a source close to the investigation says more than ten former teammates and associates of armstrong are prepared to testify under oath against him. one of those former riders is tyler hamilton, the subject of a "60 minutes" report on doping inside armstrong's cycling teams. he talked about the use of banned blood transfusions that increased endurance. >> did you see armstrong getting the blood transfusion? >> yeah. >> you didn't see them take his blood weeks before, but you saw the transfusion going back into his blood during the tour de france race in 2000. >> yeah, but i was transfusing

blood, my teammate was, and i guarantee you, every other team had probably two or three riders that were doing the same thing. >> reporter: the cancer survivor and champion vehemently denies ever having doped and says he's passed more than 500 drug tests in his career. armstrong is not the first athlete to sue the anti-doping agency. so far, none have been successful. seth doane, cbs news, new york. coming up on a tuesday, another look at this morning's top stories, and surprise attack. a florida teenager survives a dangerous encounter with a ♪ [ telephone rings ] how's the camping trip? well, the kids had fun, but i think i slept on a rock.

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top stories now on a tuesday morning. president obama is pushing his proposal to extend tax cuts for families making less than $250,000 a year. meanwhile, the house is preparing to vote on a measure to repeal the president's health care law. and the government has identified four fugitives accused in the shooting of border agent brian terry. terry's shooting is linked to the botched gun-smuggling investigation known as "fast and furious." the remains of six u.s. airmen lost over laos 47 years ago are finally home. they were buried yesterday in a single casket with full military honors at arlington national cemetery. the plane took off from vietnam on christmas eve 1965 and sent out a may day over laos. the crash site was discovered about a decade ago, but the remains weren't unearthed until recently. dental records and personal items were used to identify the airmen, not dna. the washington monument isn't going to be reopened for a couple of years. the monument sustained serious damage after a 5.8-magnitude quake hit d.c. last august.

the national park service says it may not open until 2014. the repair job is expected to cost $15 million with work beginning this fall and taking up to 18 months to complete. and in florida, a 17-year-old boy is recovering this morning after an alligator attack. kaleb langdale was swimming with some friends in morehaven yesterday when an 11-foot gator suddenly came right at him and ripped off part of his right arm. after the attack, the teen was taken by helicopter to a nearby hospital. his friends say he knew exactly what to do to survive. >> he's been around alligators all his life. he's smart enough to know that if he offers him his arm, he won't take his torso. so, he was smart. he took the risk. >> officials from the florida wildlife commission say they killed the alligator and found the boy's arm inside. they also say it's a bad time to go swimming because it's alligator mating season. coming up after your local news on "cbs this morning," actor elijah wood on his hit tv series "wilfred." i'm terrell brown. this is the "cbs morning news." brown.

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tuesday morning. a lovely half moon hanging overhead. >> if you look in the eastern sky, we still now have venus and jupiter like flashlights. to the right of venus is a star that is red. that is a big one. it's called aldabron. a cool vision in the eastern sky. you would never know it was a star unless venus was next to it. clear skies. i had to put it up there a symbol of a shower. it's only a mention in the shower, pop-up wildly scattered. it will be a nice day. high of 87. 85 this evening. a pleasant tuesday. >> here is what we have our eye on for you.

the house of representatives begin the debate on repealing the president's affordable care act. results of the statewide assessment tests are to be released and a mortgage workshop for struggling city homeowners. already in the news, a major decision in the case of anne arundel county john leopold as his defense pushes to get the charges dropped. this morning the lasting effects on local infrastructure. the president reignites the debate on tax cuts for the middle class. more news, first warning weather and your first traffic report in a couple of minutes. , these sweet honey clustery things have fiber?

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