for, would actually increase taxes on small businesses by $50 billion a year. in 2010, president obama extened all the tax cuts. now the economy is growing at 2%. mr. obama is forging ahead and senator reid argues he has a mandate to do so. >> the president campaigned around the country. saying we know what the problems are with the fiscal problem. we just need re-knew. >> the speaker of the house says the increased revenues are fine depending where they come from. >> for the purpose of the bipartisan agreement, begins to the problem, we are willing to accept new re-knew under the right conditions. >> reporter: meaning new revenue from growth and reform, not the tax increases. he points to the bipartisan 1986 reagan reform, which eliminated tax deductions to