spending. so what guaranteed cuts is the president offering? nothing yet. he put a lot on the table in the summer of 2011 when it was john boehner again and obama, they almost got a grand bargain e. talked about raising the medicare eligibility age to 67 over a certain amount of time. making changes to cost of living. statements to soegt social security. right now there is nothing on the table. that was obama s opening bid. the republicans were miffed at him, they knew he wouldn t give them exactly what they d accept. a few said they were inch superintendented like that. again you don t want to negotiate with yourself, you want to start over here and get in the middle to set up some type of deal. don t expect any deal until christmas at the earliest. reporter: let s go back to the tax cuts you re talking about. president obama wants to raise revenue by taxing those making $250,000 or more a year. it rises from 33% and 35% today to 36% and 39.6%, i believe.