One - if nothing is done, the "Bush tax cuts" expire and taxes go up on everyone, including and especially the middle class and small business owners.
Two - we don't want that to happen. The president claims he doesn't want that to happen.
Three - I have here in my hand (he waves a single sheet of paper) a bill that will make the Bush tax Cuts permanent. He then reads the single sentence bill. And says he will bring it to the floor tomorrow and after it passes he will send it to the senate.
Four - he states if the senate refuses to consider it, then then the result will be the "Reid tax hikes"
The media will simply call it a tax cut for the rich as they have been doing for the last year.