a those are gone and that is hundreds of billions of tax revenues with le be getting. >> jonathan ability the tax c--, ability those tax cuts, that will be an issue ability the extension of the tax cuts and if you think that the democratic senators those up for re-election are going to block that and obama is going to say, i'm going to veto those, and make those taxes go back up all across the middle-class and everyone? i don't think so. i think it is going to be a showdown and we have seen obama tend toss tbama tend toss to tend toss t capitulate. >> well, assumption he caves on everything, but if he loses, he for sure will let them expire and unlikely that a lame duck congress in the period of the election and the inauguration will take action. remember, it is easier to block something than to do something. so, with the great likelihood that the taxes will expire.

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