the treasury, eric, wrote a transformative plan. it was as close to an income tax as you could probably get. and it swung for the fences. it swung hard enough for the fences that the white house itself was made a little uncomfortable, at the white house modified it and send it up to congress. that's an important step because if the white house isn't sending up something, congressman can go and say look, i do want to do this but the president asked, you need that. you need to give them cover. you need to ask them to do hard things. you need to give them some cover, as they could to fix it. it's all flawed to each committee gets to take credit for fixing it. i think swing for the fences in the process is important thing. it's not what comes out of the and probably but there's a place for it. >> well, maybe i'm too much of a creature of his former swamp, and i apologize if my vision of swing for the fences is more of a bunt. but i actually thought that dave camp kind of swung for, if not the fences, you know, hit something that looks li

the third piece, the treasury eric wrote a transformative plan. ose to an income tax as you can get and it swung for the fences. it's swung hard enough for the fences that the white house itself -- but the white house modified it and sent to congress. i think that's an important step because at of the white house isn't sending up something congressman can't go home and say look i don't want to do this but the president asked. you need to give them cover. ask them to do hard things plus they get to fi fix it. this bill is flawed in each committee gets -- so i think swinging for the fences and important thing. it's not what comes out in the end but there's a place for it. >> maybe i'm too much of a creature of -- and i apologize if my vision of swinging for the offense fence is more of a bond that i actually thought that dave camp kind of swung for not the fences but hit something that looked like a -- i was critical of the plan for as much as i praised some of the courage because the way it was structured it actually started out revenue-neutral and

the treasury, eric, wrote a transformative plan. kykyk kx to an x as you could probably get. ard enough for the white house itself was made a little uncomfortable, but the white house modified it and sent it up to congress. that's an important step. up something congressmen can't go home and say look, i don't want to do this, but the president asked, you need that. you need to give them cover. you need to ask them to do hard things. you need to give them cover, plus they get to fix 9xúqit. it's all flawed. each committee gets to take credit for fixing it. i think swinging for the fences is an important thing. it's not what comes out at the end probably, but there's a place for it. >> maybe i'm too much of a creature of this former thing, and i apologize if i, if my vision of swinging for the fences is more of a bunt. but i actually thought that dave camp kind of swung for, if not the fences, you know, hit something that looks like a double. now i was critical oft2ñ the pl for as much as i praise some of the courage because the way it was structured, it actually started out re

the treasury, eric, wrote a transformative plan. t was as close to an income tax as you could probably get. and it swung for the fences. it swung hard enough for the fences that the white house itself was made a little uncomfortable, but the white house modified it and send it up to congress. that's an important step because if the white house isn't sending up something, congressman can go and say look, i don't want to do this but the president asked, you need that. you need to give them cover. you need to ask them to do hard things. you need to give them some cover, as they could to fix it. it's all flawed to each committee gets to take credit for fixing it. i think swinging for the fences in the process is important thing. it's not what comes out of the and probably but there's a place for it. >> well, maybe i'm too much of a creature of this former swamp, and i apologize if my vision of swinging for the fences is more of a bunt. but i actually thought that dave camp kind of swung for, if not the fences, you know, hit something tha

tool, and i remember under george shultz when he was secretary of the treasury he was adamant that there be no intervention from the irs. eric holder and the justice department have not kept that principal. stuart: you remember the days of richard nixon during watergate when he wanted to use the irs against his political opponents, the irs said no, we are not going to do that. may be that is different this time around because eric holder has not appointed a special prosecutor to look into this. back to the election for a second. on this show you often said the republican sweep of the senate would have a positive impact on wall street. maybe we can come back from this sell-off today if republicans sweep the senate in november. are you holding to that? >> very much so. we can get a lot of good policy in. i think we will get some corporate tax reform lowering that rate, broadening the base. keystone pipeline will be a slam dunk eliminating the tax on medical devices. we will for sure be done. we eliminate the sequester on government spending especially defense spending so there are a lot of good things that can happen when repu

the president. robert w. holleyman ii to be deputy united states state trade representative. department of defense, eric rosenbach of pennsylvania to be an assistant secretary. department of the treasury. d. nathan sheets of maryland to be an undersecretary. department of homeland security, charles h. fulghum of north carolina to be chief financial officer. united states agency for international development. alfonso elheart to be deputy administrator. the presiding officer: the majority leader. mr. reid: on these nominations, i would ask unanimous consent that all time be yielded back. the presiding officer: is there objection? seeing, hearing no objection. mr. reid: mr. president, i also ask unanimous consent that executive calendar consent agreed to wednesday september 17 be modified to include executive calendar numbers 1053 through -- i'm sorry, 1053 following executive number 925, and all the previous order remaining in effect including yielding back the time for debate on the matter. the presiding officer: without objection. the clerk will report the nominations. the clerk: department of state, thomas friedman of new york to be representative of the united states on the executiv

jack lew is the treasury secretary, i don't think he's quite an idea -- ideologue, does eric holder agree with barack obama on fundamental things like social justice and public policy? yes. but he was also an extremely effective --. >> i think he was, you might not like him. >> yes. neil: not saying you, in particular, but very effective what he did. >> very polarizing too. neil: i will agree readily, do you think that's going to be an issue for success or right or left going to urge whatever you do mr. president, we don't need a polarizing figure? >> it could be, you definitely know his name no matter what side you fall on the issue, you know this guy has a lot of brand recognition, so to speak. the next guy, man or woman, the president may not want such a high-profile person. >> president obama is polarizing. >> i'm not worried about that. >> what you need is, listen, dick cheney was incredibly polarizing, right? i don't care which side you agree, disagree, he got the job done, and sometimes this comes down to who's going to carry the water and do it right? neil: deval patrick we've got

the deal, eric, if you run a small business, watch out. you can expect an irs crackdown. that is the message coming out of a new report from the treasury inspector general for tax administration which audits the irs. now the ig says the irs is missing out on potentially collecting billions of dollars in delinquent back taxes from mom-and-pop shops because it closes out cases too early without doing the necessary probes. specifically the ig says in more than half the tax cases studied, the irs did not investigate things like a small business's u.s. postal records or its department of motor vehicle documents or court records and ig also found nearly one out of 10 times the irs did not even file the required liens against small business. the irs is now under scrutiny for stopping investigations of about half a million small businesses without doing those required probes. so, if you run a mom-and-pop company, here's what you can expect. more irs notices and why? well, the irs is under the gun to collect estimated $385 billion in taxes and fines it says it is owed but that are not paid by all sorts of taxpayers including many small business