borrowing of the united states and has strong bipartisan support. >> gregg: i spent the morning rereading simpson-boles and it includes revenue increases of $995 billion. so you are advocating a tax increase, aren't you? >> i think the key features of this bill are number one to cap spending and generated savings there. number two, the reform of entitlements including social security and medicare. then number three, tax reform that wipes out all tax expenditures but defend mortgage interest and charitable interest deductions. that goes from 39% and 28% and share the revenue between deficit reduction and the lowering of taxes. >> gregg: simpson-boles which you advdvocate calls for a tax