very position. >> what congressional republicans are proposing is permanent extension of tax cuts for wealthy. 80% of the people who get those tax cuts are millionaire. in a recession i understand those who say maybe for a year we should consider this. my view would be and i'm not an economist and i'm not involved -- if we're going borrow money from the chinese to give further tax cuts, it ought not go to millionaires. we ought to do more for small business. what the president is proposing is permanent extensions for tax cuts for the middle class. a small business plan in front of the united states senate that would provide huge tax relief, incentive for lending and incentive for expansion. >> will the president entertain the idea of extending the tax cuts for a period of two years? >> i don't no what his final position is going to be. what he's been pretty clear on is the middle class and small businesses ought to be the target of our tax relief. that those at the very top -- again, we're not talking about