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i'm erin burnett and "outfront" tonight, rejection and dysfunction. the house today rejecting the senate's plan to extend the payroll tax cut. now, that means that your taxes are going to go up somewhere between $700 and $2,300 next year unless, ooh, the big unless an all new congressional committee and it is an all new committee comes to the agreement by the year's end. president obama's approval ratings are up as congress falls on this, and he seized the moment today. >> but now, even though republicans and democrats in the senate were willing to compromise for the good of the coun...

i'm erin burnett and "outfront" tonight, rejection and dysfunction. the house today rejecting the senate's plan to extend the payroll tax cut. now, that means that your taxes are going to go up somewhere between $700 and $2,300 next year unless, oh, the big unless an all new congressional committee and it is an all new committee comes to the agreement by the year's end. president obama's approval ratings are up as congress falls on this, and he seized the moment today. >> but now, even though republicans and democrats in the senate were willing to compromise for the good of the count...

dysfunction. dysfunction, dysfunction. let's go "outfront." i'm erin burnett and "outfront" tonight, rejection and dysfunction. the house today rejecting the senate's plan to extend the payroll tax cut. now, that means that your taxes are going to go up somewhere between $700 and $2,300 next year unless, oh, the big unless an all new congressional committee and it is an all new committee comes to the agreement by the year's end. president obama's approval ratings are up as congress falls on this, and he seized the moment today. >> but now, even though republicans and democrats in t...

cnn congressional correspondent kate bolduan joins us now from capitol hill, what is the latest? >> reporter: you know the cbo numbers, the congressional budget office, jessica, this office that scores, gives a cost estimate, for legislation, it's very critical, and this evening it came out the cbo brought out -- gave out its estimate, and it says that the speaker boehner's bill falls short of what its target was. it says that it would only reduce the deficit by $850 billion, rather than the more than a trillion dollars than the legislation said it was going to -- said it was going t...

We don't pay that on time. here is the corner quite frangly that representative boehner and others have painted themselves into. you need to have done this at the beginning of this crisis before getting this close. what has happened now is that they have allowed the timing to get so close to the end they may not be able to do the cain plan or the four things that i talked about. they may have allowed themselves to get into a corner where they may be forced to and i still call that they should have seen this coming which they did but it didn't move fast enough. >> chris: but even your plan -- >...