>> i don't want -- it's hard to know how that legislation would be creailted, what it might be attached to, so it's difficult to anticipate. it's important to note as was the case last year, that this is a one-year payout. it's not a significant contributor to the deficit. >> does he feel -- >> i don't know yet and we don't know how that will play out, but he believes it's very important that we do extend the payroll tax cuts to give americans more money in their paychecks next year the same as they had this year. >> does the president believe that enough time between now and the end of november for a special committee to craft a full tax reform proposal that would deal with the bush tax cuts and take care of this whole battle? >> as we learned through the negotiating process, there was a variety of ways to skin that cat and ways to enact entitlement reform whether setting targets the way it was envisioned and one proposal was that the congress would be tasked with creating tax reform or else revenues would be generated through the expiration of the high income -- high end bush tax cuts