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Idea. a lot of people say, this is going to affect retailers, consumers, going to affect businesses unfairly. what is your take on it? >> all taxes affect consumers and hit consumers. at the end of the day, all taxes are taxes on consumption, even on investment. the only reason you invest is you plan to consume in the future. >> arguably, the wealthiest among us, all taxes are not consumption taxes. if you only spend a portion of what you earn -- >> well, if you never spend it, i guess you're sitting on money you invest in other people's businesses. >> right. >> if you spend the money, yes. so...

The pay force. our one-year plan was paid for. the one-year extension of payroll tax, unemployment with reforms and job creation policies. but the two-month deal, what will happen, the fees for loan guarantees for the government-sponsored enterprise, fannie and freddie, that will be the main way to pay for this. so, in other words if you are one of those americans, getting this $40 pentance that the president was talk walking back and forth on taj and you decide to buy a home and you go to a government-sponsored enterprise, you will see an increase in fees alcohol take away the money you are r...

The pay force. our one-year plan was paid for. the one-year extension of payroll tax, unemployment with reforms and job creation policies. but the two-month deal, what will happen, the fees for loan guarantees for the government-sponsored enterprise, fannie and freddie, that will be the main way to pay for this. so, in other words if you are one of those americans, getting this $40 pentance that the president was talk walking back and forth on taj and you decide to buy a home and you go to a government-sponsored enterprise, you will see an increase in fees alcohol take away the money you are r...

Problems or resolve, you know, the issue between you and the senate. the senate hasn't appointed anybody have they? has speaker pelosi appointed anybody from the democratic side in the house? >> well, to my knowledge they have not but we're on the job so it's a matter of, again being completely available. we're going to do all we can. we're not going to let americans wake up on january 1st with unpleasant news. we want to make sure they get the best news they can and we passed a great bill through the house of representatives, with democratic votes on december 13th. and that's the bill that we...

If it's a two-month extension and -- >> that's an important point, revere reverend. the president, i think, ever since that speech in kansas has positioned himself well. you're absolutely right, the victor are the american people. but these guys come back in a couple weeks and start arguing about the full-year extension, that comes right down to the pay force. there's no reason why that difficult argument argument becomes easy a couple weeks later. i think you'll hear a lot of jockeying how we pay for this, and we'll have another big fat. thank you for joining me tonight. >> merry christmas al...