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the payroll tax cut. it's set to expire at the end of this year. president obama called john boehner today and the white house has even put a counterdown clock on the home page of its website. it says if the house does not act, taxes on the middle class will increase starting the first of the year. let's go to the white house. our chief white house correspondent, jessica yellin, is standing by with the latest on this dramatic political showdown. what is the latest? >> the latest is that the white house believes there is only one way for the nation to avoid an increase in the payroll ...

Than the previous challengers? whether you talk about rick perry, herman cain, or michele bachmann? the others who have passed through the spot, do they view him as a stronger challenger? or is it because it's closer to the caucuses? >> i think because it's closer. so he's the biggest threat because it was only 30 days. the others rose and fell pretty quickly. there was distance between that in iowa and new hampshire. newt's a threat because he's better on stage than others, he has a track record for being able to come up with zingers and an ability to connect with conservative voters. they ju...

Just get rid of them all. don't pay for it. just get rid of it. let's listen. >> what happened was we became uncompetitive so we need to be competitive. that's why i proposed taking the corporate tax for manufacturers and processors, taking it from 35% and eliminating it. 0% tax, allow this to be the manufacturing capital of the world again. >> this is just in line with what bachmann said the other night in the last debate saying we shouldn't have to pay any taxes. >> first i think i should say that i'm hear to make a citizen's arrest of barney frank, if i have a chance. i mean, they are biddi...

>> i don't think so. you can have more than one female candidate. sarah palin has transcended politics into celebrity. she has to deal with highly polarizing numbers, the fact, to your point, she does not appeal to independents. she has her own challenges. michele bachmann can take advantage of that. the point is, there are more candidates that are aggressively appealing to -- these outsider candidates who are appealing to this concern about the direction of the country, and it's good for all republicans to have a healthy debate right now. >> there was an interesting article in the "l.a. times...

development of alternative fuels. his warning to arab oil producer comes amid a chilling prediction. goldman sachs says gas will reach $5 a gallon this summer. and remembering the sacrifice s at arlington nationl cemetery. this morning, president obama takes part in ceremonies there, including a wreath-laying ceremony at the tomb of the unknowns. let's talk politics now. presidential candidates, those who have declared, and those likely to, are reaching out to voters on this memorial day. oh, yeah, sarah palin is using the holiday to kick off her nationwide bus tour. she rode int...