includes more than $600 billion and in addition to the tobacco tax, capped tax deductions claimed by the wealthy at 28%. by the way, that idea has been in every single obama budget and has never made it into law. also put a $3 million limit on tax deferred retirement accounts. allow beneficiaries to receive and the president's saving through spending cuts. in the white house that adds up to $4.3 trillion in total deficit reduction since 2010. the republican leaders in the senate and the house, speaker boehner and mitch mcconnell have made it clear, revenues are a sticking point. >> the president understands we have some long-term spending that we need to deal with. but, he's going to hold hostage the fact that he wants to raise taxes on the american people, again.