let's bring in president obama's former budget sheet, peter orszag. good morning.o talk about. do with corporate taxes. inversions would be a good place to begin. presumably, you gave this some thought when you are the budgets chafe under president obama a few years ago. carl levin had a bill that would claim to recover lost corporate tax revenue if it would be apply retroactively. is that credible? >> you started with legislation -- it is hard to tackle this problem without legislation. the limits of the idea that willess is polarized so we do things administratively or through regulation, we're seeing the limits of that. you can only do so much without legislation. jackat being the case, did lew take the right approach? both he and the president have spoken out against inversion. they talked about it being unpatriotic and felt he had to take action. from where you sit, did those new rules make sense? need to use inflammatory rhetoric. they tackle part of the problem you definedt -- if problem as the incentive to invert -- they only attack a modest part. they do n

there are so many special interests in washington that have won their fight through the years, as peter orszagd. to give itor them up. >> you have to prevent american companies from leaving this country. >> you do that by lowering taxes. >> thank you for both of you. both former congressman. they are coming out with a book in january. what is the title? divide --rtisan congress and crisis." >> send us a copy. >> will get it. >> thank you. coming up, ebay splitting off from paypal. big breaking news is mine. a victory for carl icahn. he has been calling for the breakup. what does it mean for investors and consumers? plus an ftc vote slated for later today could change when we watch our favorite football teams. the regulars vote in favor of fans of the nfl? that's today, "in the loop." ♪ >> the nfl could be handed another blow, with the fcc set to end a 40-year-old rule that gets games off television when -- doesn't sends sellout. >> the nfl no longer needs the government's help to remain viable. we have the fcc shouldn't be complicit in preventing sports fans from watching their favorite teams