. >> and here is the problem with that deduction when they're loking to buy a house. >> they're looking, but the health care, you're wrong. ear not going to come out and say, geez, i have a heart attack and oo, wit a minute it's going to be taxable income. that's not how it t works. >> it would act on a tax increase on a lot of people. >> a you can't tax-- >> and you if, phase it-- >> hold on. >> a $300,000 home-- >> this benefit primarily, it arts to phase out. over like a million dollars all of a sudden you're paying the marginal rate and the deduction, en the mortgage deduction, 1 million dollars. the point is, the effect is to make the tax code lets progressive, ultimately somebody making $100,000 a year with a house with health care plan paid by the company is going to pay a higher rate and making 2 million dollars, those deductis got phased out after 2, 300,000, to the higher and lower rates-- >> hold on, that's got to be the last word. i love you guys, you get so passionate about taxes, i am so lucky. all right, no within's been following what this election means to your money, y

how we find out to g into thos binders that governor romney was loking at because there are a lot women out there who would loveethe opportunity to work for such a strong, moral courageous leader like mitt romney. neil: that binder comment, you would think he was like, going through penthouse here because the president was izing on th today in virginia. want you to react to this al quick. >> sure. >> when the next president and congressould tip the balance of the highest court in the land in a way that turns back the clock for wome and families for decades to come, you don't want someone who nds to ask for binders of women. you want a president who is alread appointed 2 unbelievable women to the supreme court of the united ptates neil: what do you mke of that? >> well, i think it is just pretty pathetic the democra party and this pathetic women whining brigade are out there actually trying to convinceomen we're so helpless and so needy and so pathetii we nee a man ii e white house making decisionfor us. theris o such thing as going backwards. women are the largest minority in this count

those folks are sitting there loking at what are the orders that are coming out of the businesskiow? what are the investments we need to make in our work force and in our facilities to support the next level of navy shipbuilding? >> reporter: military contracts oen look at least five years ahead because it takes a long time to build things like ships and submarines. >> the politics are interesting. the election is important.en i encourage everybody to participate but when it comes to our business, the things that we do, we're doing for the president after next. >> reporter: quinten kidd is a professor of public policy at the university. >> whether you're in the military or not in hampton roads you're aware of th impact of the military's spe iing in hampton roads. you're aware of the potential devastating impact of cuts either slow cuts or dramatici cuts. >> reporter: in this battle ground state the issue is on the minds of voters eyeing close races for the house, senate and white house. president obama and former governor mitt romney's campaigns have devoted time and money here in ho

in the past decade has been looking at what happened in bank regulation in the united states, and lokingt what happens in canada.at matt has just spoken about bank mergers. with mind sight one of the great grave decisions taken by the canadian government was to not allow the canadian banks to merge. they wantedto. huge lobbying effort and they made the same arguments about h, if we can't merge we'll never operate on a global scale, canada will be left behind. we'll be a prudential backwater and the government just said no. and that decision, i think, flows directly into the canadian government's ability to regulate the financial sector, leverage at u.s. levels was not allowed. and the consequence was canada didn't have a financial crisis. it's the only g-7 country that didn't have to bail out its banks. so government can actually -- >> not if it's captured. >> not if it's captured. >> and it is captured. >> now we're completely captured with the banking example now we that are ban literally too big to fail in america because we didn't do the hame thing. >> but government can act. i think