Power Play Video: A Tax on Christmas Trees?

Chris Stirewalt discusses a proposal by the Obama Administration that would tack a 15 cent tax onto every Christmas tree sold across the country this holiday season.

Chris also talks with Utah Senator Mike Lee (R) about Fannie May and Freddie Mac requesting $7.8 billion to cover their losses over the past three months.

"We shouldn't [do that] until we have some kind of exit strategy," said Lee. "It's a dangerous precedent."

Regarding the supercommittee and their looming deadline Lee said, "From day one I've been a little more in the bound to fail camp."