individuals actually pay that tax, the taxes paid by employees with lower salaries, consumers with higher prices and investors with lower returns. >> south carolina senator tim scott defending the republican plan to cut the corporate tax rate to 20%. joining me now congressman john from california. always good to see you, sir. thank you for joining me. >> good morning. >> do you agree? do you agree with essentially the trickle down economics theory? >> absolutely not. there's no evidence of that. take a look, let's take a real-time experience, at&t corporation, i think most of us know it, over the last eight years, they've reduced their tax rate effective tax rate to 8%. guess how many people they've hired? they've laid off 80,000 people and yet their tax rate is at 8%. take a look across the s&p 500