and where obama campaign is outspending him. how critical are the spending wars? >> extremely critical but here is the important point. the obama campaign is spending more money right now but voters won't tune in until very much until after labor day. at that point the projections of the fund-raising so far the romney campaign and romney allies will outspend the president. >> gregg: thank you so much. >> president obama and republicans are trading jabs on extending the bush-era tax rates. they are calling the president's plan a tax increase on small businesses and job creators. >> today instead of lifting the burden on job creators, president is calling for a massive tax increase on one million small businesses. i go eggs he still thinks the