need to say paul ryan, paul ryan, paul ryan, and i say do you know him and they say, no, but he has big idea, he wants big reform. he knows we face big problems. that is what the republican presidential candidate --. >>neil: when you look at their plans, they are sounding similar and if they preach from the same square you go to the guy who is running the choir, right? >>guest: maybe or at least if it picks united states in the economy you get nervous about the other guys taking over, the republican control the house, so make it is safer, for a small percentage. >>neil: the steady as show goes. >>guest: and it may not happen. but to boat an incumbent president you need a bill idea. >>neil: no one has a big idea. do they need it fast? >>guest: fast? maybe not but sooner ran their l.a. but meanwhile the congressional republicans should say, fine, well cut the corporate tax rate 28 percent toll. >>neil: with everything the president approached including keeping the special breaks. >>guest: just cut the top rate from 35 percent to 28 percent, the total revenue is 180 and -- call his blu

we will have house budget chairman paul ryan. he's going to join as you little later in the show, tell us all about the budget and perhaps the payroll tax holiday as well. >> i want to get back to this other story, the biggest corporate tax hike in the history of the earth. today tim geithner testified before the senate fans committee defending team obama's election year call for higher taxes on wealthy taxpayers. here he is on corporate tax reform. >> we're going to propose a broad reform that will lower rates, broaden the base and wipe out a very substantial fraction, dozens and dozens and dozens of special tax prercferences for businesses. >> while creating a lot of new ones? >> no. >> the obama budget has a $350 billion tax hike on american companies. that is crazy. and inside that according to the budget is a $150 billion tax hike on u.s. profits overseas, exactly wrong. there is talk about a goebbels minimum tax, which is perhaps where that $150 billion tax hike comes from. that is also wrong. essentially these measures are

the republicans and paul ryan's budget does this, it's a one-sided lopsided approach. they want to take it all out on middle-income amerans. the result is that you are going to have folks on medicare, seniors with a 23,000 median income taking in the burden for increased medical costs because they don't want to ask folks at the very high end to pitch in by closing corporate tax loopholes and by going back to the same top tax rate in place in the clinton years when the economy boomed and we balanced the budget by the end. they all signed a pledge saying they won't close one tax loophole for the purpose of deficit reduction. the first action taken by the house of representatives when the republicans took charge was to change the house rules to say that you don't have to pay for tax cuts for the folks at the very top. you can put that on your credit card. what we need to do is take a balanced approach to deficit reduction, and that's what simpson-bowles did and other bipartisan groups did. we need to make cuts and the administration's budget makes $2.50 in cuts per $1 in

. >> and paul ryan, republican of wisconsin and the ranking member, and chris van hollen. we are in the heat of a presidential campaign here, and a primary fight on the republican side and i want to ask more about the serial issues. rick santorum talked about a phoney theology, as he put it, that the president has, and he went on after that speech to stand by the remarks. here's what he had to say. >> the president has come to owe pressing religious freedom, and it's a position of his values over a church who has very clear theological reasons for opposing what the obama administration is forcing on them. >> chairman ryan, let me start with you. is that what we can expect from republicans in this campaign, as a faith-based broadside attack against the president's leadership? >> i could not hear all the click from rick santorum, but what we are getting from the white house, it's not an issue about contraception, it's an issue that reveals a political philosophy that the president is showing that basically treats the constitutional rights as if they are revokable privileges

we're talking to paul ryan today.e'll tell why he's concerned the feds are keeping the interest rates low until late 2014, could end up doing more harm than good. you're watching the "closing bell" on cnbc, first in business worldwide. >>> welcome back. bob pisani down on the floor of the new york stock exchange. low volatility, very low, little range here. we went into positive territory, then back into negative territory. we're getting modest breakouts in a number of sectors, including the airlines, the bank index, oil service, semiconductors. all these are four, five, six, seven-month breakouts. earnings halfway through earnings season, the company i want to hear most from, in the next 24 hours, simon property group. new historic high right now. their earnings will be out tomorrow. biggest small developer in the country with the choppy retail same-store numbers, i want to hear how things are doing in the retail space. they always have something interesting to say. guys, back to you. >> bob, let me ask you about thi

and paul ryan comes up with a plan and what do the democrats do?an old lady in a wheelchair and throw her over the cliff. >> if you really cared about the deficit. >> they are saying paul ryan.... >> he should have voted fom for them. it was one vote away from being passed. go ahead. >> you are saying that paul ryan does not care about old people. >> throwing over granny a cliff. does that cross a line? negative ads in this world. >> and you are okay with that? >> the negative ads like that. >> i. [ talking over each other ] >> you think paul ryan wants granny thrown over a cliff in a wheelchair? >> this plan, says when my grandmother, we give you a coupon, when it runs out you are on your own. what does that mean? >> this is it you are going to defend it. >> no you are going to win. >> no you are not. >> sean: we'll continue with the great american panel right after the break. as someone who uses insulin, i'm always looking for new ways to help me manage my diabetes. take a look at this. freestyle lite test strips? they need just a third the blood

might essentially throw in with paul ryan's budget, which will be very tough on spending, probably $6o trillion below the current services line. that a possibility, how to unite the whole republican party? >> look, the principles that congressman ryan espouse are very strong principles as related to fiscal conservatism. and i think governor romney as he has continued to go out and reach as many voters throughout this campaign, i mean he has talked about the very same principles. now i think that the tales may be different. but governor romney does believe if we have these type of reforms on the entitlement side, and that if we make taxes fairer, flatter, and broaden the base, that we're going to have the economic development, the economic growth that we need that is going to help create jobs in this country. >> just on that point, that tax point, last one for you, kevin. we appreciate your time as always. norquist has said that governor romney should essentially take paul ryan's tax reform plan, which is two brackets. 10% and 25%, get rid of the deductions and the flotsam and jetsam a

he'll tell you what you will really get and paul ryan, how republicans plan to respond. as rick santorum surge continues mitt romney is fighting back as a pro union big spending. washington insider. so is >>> part of our job is to bring down our deficit. so the cuts we've already made. we will be able to reduce our deficits by $4 trillion by the year 2022. >> welcome. >> that was president obama unveiling a $3 trillion for 2013. there are lots of promises in those 2,000 plus pages, including as you heard, a $4 trillion deficit reduction allegedly over ten years. so can the president deliver? paul ryan is chair of the house budget committee. he joins me now from capitol hill. so you have been severely critical for the spending increases and tax increases, what can house republicans do about it this year? >> we're going to after an alternative. it gives us $400 billion over ten years and it increases spending by $1.5 trillion and average $40 billion every year when we're racking up trillion dollar deficits. i don't know how to describe that it's not serious. we're going to

>> larry, it's not so much that they're scared of the paul ryan budget.hey don't want to show what the realistic alternative is, so instead of saying what the truth is, their plan for medicare is to have a board of bureaucrats denying care. they don't want to say that's the alternative to the ryan plan and they want to pretend that the alternative is a mythical world where everyone gets everything forever. by not putting anything on the table and by not defending anything they can attack paul ryan without making clear what the actual alternative is. >> i have to -- this is just falsehood. what democrats in the senate do is pass appropriations bills which pay for things and -- >> and where does it come from when they have no budget? >> it's interesting to note that when the white house sends up the budget under the budget act as it's about to do and it has done every year of the administration, that as you know, we understand theth legislative process on the show, right? it starts with the appropriations process and the -- >> that is not true. >> that is n

embracing paul ryan? >> or embracing paul ryan. but because he won't do that, because he's running an issues-free campaign and he's playing it safe, he catches himself in these problems instead of talking about issues that would excite conservatives like us. >> yeah. i'm out of time, i'm sorry. terrific conversation. i'd love to go longer. joe scarborough, thank you ever so much, robert costa, thank you, mike barnicle, thanks for coming back on. coming up tonight on "kudlow," jim demint is trying to ban earmarks and stop crony capitalism corporate welfare. that's the right idea, but it's a tough slog. he's going to join me right after the break. and joe scarborough said it, free market capitalism, it's the best path to prosperity. i'm kudlow, i'm still saying it. we'll be right back after this short break. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. i was worried it would be hard t

could paul ryan be the party favorite that gets drafted last minute to unit the gop? we'll ask congressman ryan about all that when he joins me next. >>> but, first, a look ahead at the president's schedule. you're watching the "daily rundown" only on msnbc. [ male announcer ] this is lois. the day starts with arthritis pain... a load of new listings... and two pills. after a morning of walk-ups, it's back to more pain, back to more pills. the evening showings bring more pain and more pills. sealing the deal... when, hang on... her doctor recommended aleve. it can relieve pain all day with fewer pills than tylenol. this is lois... who chose two aleve and fewer pills for a day free of pain. [ female announcer ] try aleve d for strong all day sinus and headache relief. i'm going to own my own restaurant. i want to be a volunteer firefighter. when i grow up, i want to write a novel. i want to go on a road trip. when i grow up, i'm going to go there. i want to fix up old houses. [ female announcer ] at aarp we believe you're never done growing. i want to fall in love again

. >> let me ask you, i was reading he did tackle entitlements, sounded like paul ryan, paul ryan wantshear them all sound like. did he communicate that, that he has a broad base plan, not just a narrow plan? >> he did hint at it. was not the key part of the speech but he sounded like paul ryan. talking to republican operatives, the message was santorum may not speak in the same tile, he may not be mitt romney when it comes to detailed on entitlements but has the same core message. >> how did the business crowd listening to him react to the blue collar spin, i know it's hear heart-felt and zero tax on manufacturing, how did they react? >> wariness about santorum, not just talking about increasing competitiveness, going after wall street, zinged romney, he supported wall street bail out but not the auto industry. they are saying is he on our side? we're okay with being competitive but we don't want picking winners and losers in every part of the process. >> maybe you don't want a presidential candidate on wall street's side, what about those politics, mr. costa? >> that is a key point. t

and, then, paul ryan on what we know will be a big presidential budget. then completing our power hour today, joe lieberman on what is shaping up to be the president's biggest problem of all: iran. indications that the president is ready to at least partly dial back what mitt romney calls "his biggest overreach." telling religious employers to cover bitter control in their employee health plan. it may not be enough, the devil is not details but the governor romney telling me "too little too late." >> the white house has shown its hand already. they began with an assault suggesting that the government should determine who a minister is and not a religion making that choice. the supreme court turned them down on that one 9-0. and this effort with regard to contraception and the day after pill, and sterilizing is outrageous assault on religious conscience and they have suffered enormously at the hands of the people in the catholic church who were affected directly but people of all faiths and they will have to retreat or suffer enormous consequence and they

lew, thank you very much for your time this morning. >>> and let's get more on this now with paul ryanthe chairman of the house budget committee, he's from wisconsin this morning. you heard jack lew right there. say get this payroll tax extension done, will they? >> i think we will. we're trying to cut spending. you got to remember, george, this payroll tax holiday loses money to the social security trust fund, and if you just extend this by cutting spending you're accelerating the bankruptcy of social security. we want to make sure that social security is left unharmed. while we extend this payroll tax holiday. >> and the white house agrees with that, the point is, it seems like you're stuck on how to pay for this extension? >> yeah, it seems as if the part -- the president's party leaders aren't engaging in these conversations. we have offered literally scores of different offsets. we have taken provisions from the president's own budgets for ways to pay for this payroll tax holiday. so, i don't know where this is going to come down to. i believe this will get extended. but when we m

area, and chairman paul ryan. he will be delivering cpac conference remarks with his remarks to get under way at 7:30 eastern time, and you can check out the scheduling information on our website cspan.org. today, we are looking at corporate tax policy and hearing from a number of executives including fedex and time warner and executives saying they would be in favor of all tax benefits in exchange to lowering the corporate tax rate to 25%. they testifieded on on the panel before the house ways and means committee today which is the chief tax writing committee in the house of representatives all of the witnesses who testified today described the u.s. tax code as something that imposes challenges to businesses, because of the complexity and uncertainty, and michael frit is with fedex and also mark shicktell with time warner school, and also an associate professor joining us from m.i.t., and also, an investor from ernst & young. and diane black is a member of the republican committee from tennessee. >> i do want to

paul ryan's put forward a budget which essentially entrenched taxes.e had our opportunity to address the real budget, but he took a cut in medicare, cutting programs like medicaid that are there for low-income children and mothers, and he dramatically cut taxes for the very wealthy. but you're talking about a bipartisan approach anything like that, it is an extreme budget. what i think it is interesting is how republicans like mitt romney have tried to run away from that budget. paul ryan's is very disingenuous on these issues, i'm sad to say, and it is unfortunate. he talks about bipartisan support but he supports a very partisan approach. you know what? i applaud the president for rejecting the idea of cutting taxes of the wealthy. he is asking for a balanced approach. the biggest driver for our deficit and our debt right now is the bush tax cuts. when you look at what is happening with the debt, and every economist says it is the bush tax cuts. but keep the tax cut for middle- income americans and raise them for the top 2% which is what drives grove

also congressman paul ryan's going to be with us in a little bit. big, bold reform. he's targeting massive spending. we'll talk about some of his specifics straight ahead when he shares his plan with us. plus a $25 billion deal that could help nearly a million homeowners. we'll tell you what that deal could mean for individuals. "starting point" begins right now. ♪ >> congressman paul ryan's play list. a little led zeplin. he'll join us to talk about a budget and speech that he'll be delivering at cpac. we have our panel with us. utah congressman jason schafis, ron brown is back. let's talk about some of the news that's been broken on this show in the last hour. we'll start with listening to -- let's go first to congressman walker because i thought what he said about how this could all end up, he supports, of course, newt gingrich, so there's some spin to that. here's what he said. >> i'm suggesting that there will be a contest where mitt romney will not end up with the majority of votes headed into tampa and where we will have an election that will

and we got 240 votes for paul ryan's budget. that's an amazing accomplishment when we knew what it would run into in the senate. some folks have very difficult congressional districts who won as freshmen in districts that president obama carried by a substantial margin did the right thing and supported that piece of legislation. i think it's remarkable. when we present that conservative legislation, we get the people supporting us. >> and i'm a good follow-up to mike's comments, because i came from one of those districts. do you know what it's like to be a conservative in new york? but i am here to tell you, and i voted against -- i voted for cut, cap and balance. but the budget control act i thought was not the right way to go for this country. i think what we need to do a better job of, and this is the challenge for all of you as well as for us, we need to let the american people know that our principles -- it's not a republican or a democratic or conservative -- our principles, the principles upon which this country was found

romney has a very strong entitlement reform plan that paul ryan has praised. is we're right at this moment in sort of a bubble for the president and we have the first good economic news and he's benefiting from it and the republicans are fighting with each other which is the nature of the primary campaign. >> dick armey, mr. armey's tack plan is leave the bush rates alone. rick santorum has a 28% flatter tax plan. isn't santorum's more pro growth? >> sure it is more pro growth. let me just tell you, vin, i love you, man, but both larry and i are watching a lot more carefully than most of the american people and if we don't see the governor's plan, it will be hard for anybody else. >> i'm larry kudlow. "why did i roll over my i.r.a. to scottrade?" "for starters, it didn't cost me anything." "and i got a one-hundred dollar cash bonus for rolling over by april 16th." "i like bonuses." "plus at scottrade, there are thousands of commission-free investments." "and if i need help, i can find it online, by phone or at one of over five-hundred scottrade locations." "it

you just heard about paul ryan. where the deficit is going.nk conservative principles as far as our economy is concerned. they are america's principles. i think whether you are republican, democratic, independent, we can all agree that the deficit and this garbage that the president delivered on monday doesn't do the trick. i think we're going lose america unless we get serious. my point is that these candidates, all of them have addressed these concerns. i think they are speaking directly to our base. i think at different times in the campaign, different candidates have appealed the most to our base. it's a matter of the fact it's early. four states that have awarded delegates. >> greta: i'm surprised, with all the republican enthusiasm that i hear the candidates talk about, it doesn't seem like the number of voters going to the polls, going to the caucuses is flat than last time around. >> it's a lot different than last time around. you had record turnout in iowa, in 10 percent less than in florida but last time, you the rudy guliani last st

i don't see the paul ryan budget having any legs at all.obama's new budget will have many legs either. he's clearly taking a different approach. we sort of got almost our head in the sand about fiscal austerity in this country. i think we're seeing we can finance our budget deficits because we can borrow at 2%, 3% long term rates. as long as the market is allowing us to do that, why not take that money and invest it in seriously important projects. i think that's the philosophy behind the president's budget. whether or not that will be allowed to continue is the question. >> testimony president is making the case that his policies are working. listen to this. >> when a plane has lifted off the ground, you don't ease up on the throttle. you keep going. our plane is up there, but we're not at cruising altitude yet. >> the statistics are right. the economy is improving. >> slightly. the economy is down slightly. it's a question whether it's seasonally adjusted and whether or not they pull up when they go to readjusted again. i think we're begi

what paul ryan is saying doesn't make sense.usiastic, this is one of the ways they keep the working class and middle class folks who are voting against their own self-interest economically with the republican party, they use this as a culture war tribal clip to keep them in the party, frankly. >> today both of maine's republican senators broke with mcconnell on this issue, joan, what do you make of that, both susan collins and olympia snowe. >> i expected it, frankly, i think it's terrific. i'm excited for elizabeth warren, because scott brown announced today that he is supporting roy blunt's ridiculously broad legislation. he did a great favor to elizabeth warren. >> does she run commercials on that issue, do you think? >> i think so, yeah, i do. >> can i just point out one other thing here? the importance of having more women in office, i think it's notable that the two republicans who are breaking ranks here are two women! and right now we have 83% of the legislature is men and that is not to say women always vote the right w

that is just fantastic i am so glad that's the rationale now i am not saying paul ryan is off the hook ok congress has been a disaster at dealing with the fiscal side of things but listen to ryan advocating for savers. are you concerned at all about the very very very low interest payments that these savers are getting from these kinds of fixed income assets which are which are hitting our savings and investment side of the economy we are but here's bernanke you defending his policies saying the purpose of it is a stronger economy. if you don't have a strong economy if you have weak economy you're not going to get good returns on all the other assets ok so there's his rationale now this is a conversation we often have on this show and in fact we were just debating it yesterday and you know the fact is we're not central bankers here we're not economists we don't have ph d.'s we're not billionaire investor we don't have a financial show where we are trying to get to the bottom of all of this economic craziness the very best we can because we care desperately we think a lot is at stake th

during the exchange he was challenged by a couple of members including paul ryan who was a wisconsinepublican saying that the fed's move would risk higher inflation, hurt growth but ben bernanke disagreed. he said prices have stabilized and spiking in 2011 and the dollar have shown no signs of weakening. let's go to part of that testimony and questions. this is mike simpson, republican of idaho to ben bernanke, the fed chairman. >> i've been a member of this committee and the chairman has also for eight years. we've had economists and other experts come and tell us we have a structural deficit problem that is unsustainable and we need to do something about it. so far we failed to heed the warning. we're now at a situation where i think if we don't heed the warning there's going to be consequences that nobody is willing to accept. the sad thing about it is that both parties, republicans and democrats want to demonize one another no matter what we do to try to address this problem. we call democrats tax and spend liberals and they show us pictures of paul ryan pushing grandma off the c

house republicans, the con trast with paul ryan, is they want to remake this into a voucher program. and medicaid into a state grant. so there is a big difference there. and that's what they'll debate. gwen: ok. now moving on to the foreign policy front. worries are percolating again about what iran is up to. israelis are nervous about an apparent iranian nuclear buildup. new economic sanctions are being imposed against iran. and the drama is plague out in the strait of hormuz. a waterway that carries one fifth of the world's oil supply. martha is just back from a new navy destroyer that steamed through the strait this week which is very dramatic. how tense was it there? >> i was on a destroyer, a carrier, back and forth. you have briefings from all sorts of admirals and commanders and the one message they wanted to get out is this is just business as usual. it's not tense here. it's fine. of course the iranian navy will come out and check us out. we're going through this waterway. which makes me believe they're pretty tense. because everybody is saying they're not tense. gwen: prote