According to ABC news the President will propose a three year hard freeze on everything except defense, veteran affairs, and entitlement programs. 

If you watch the video that might sound a bit familiar. 

Here are some quotes from candidate Obama from last year when he was against an across the board tax freeze. 

Now either the President has changed his mind, or he had some talks with the folks that were running the McCain campaign, or he decided to buy a hatchet.