>> i've never been shy about leading. but you know, leaders need followers. we've got 89 brand new members. we've got a press disparite caucus. >> some say they're leading stkpwhraou and it's hard to keep 218 frogs in the while barrow long enough to get a bill passed. >> we all know we have to reduce the decifit. we have to do it in a balanced way. the speaker wants to go over the edge. martha: that expression about the 218 frogs in the wheel barrow, so basically they're saying if nothing is done before the election, it really is going to leave little time to cut a deal before the deadline. so joining us now is stuart varney, host of varney & company on fbn. so stuart, what does this mean for american taxpayers. >> let me pelst out for you. as of january 1st if nothing changes, everybody who works will pay more in social security tax, everybody who pays federal income tax will pay more in federal income tax, the tax on capital gains, dividends, and interest, all go up.