There is a growing concern that lawmakers might not be able to complete any work on an extension of the tax cuts during the lame-duck session. Policy watchers predict that action won't happen until the 112th Congress meets in January.
Camp has been a vocal opponent of the new healthcare law and will probably help determine the course his party will take on either a wholesale repeal or changes of certain provisions.
One issue already on the table is the requirement of businesses to file 1099 forms for purchases made of more than $600. The repeal of the provision has Democratic and Republican support, but the clash has come on how to replace billions in pay-fors included in the healthcare law.
Obama said on Wednesday that the 1099 provision "appears to be too burdensome for small businesses."
"It just involves too much paperwork, too much filing. It’s probably counterproductive," he said. "It was designed to make sure that revenue was raised to help pay for some of the other provisions, but if it ends up just being so much trouble that small businesses find it difficult to manage, that's something that we should take a look at it."