is done by this congress is that taxes are going to increase, so we're going to have increased taxes, a huge deficit looming, we've got washington basically issuing regulations on steroids, no wonder the private sector doesn't have any confidence. jenna: all right, final question -- >> and look what the president wants to do on that. he wants to raise the top bracket. that would tax fully 50% of the schedule c or proprietary business, small business income taxes. that's absolutely absurd to take half of the small businesses in the country and with state taxes push them into a modular rate of above -- >> can we talk about what the president wants to do? >> he wants to do that. he wants to do that. what the president wants to do, what the president wants to do -- jenna: peter, hold on a second and let jeffrey get in there with an answer, and then i have a final question for all of you. jeffrey, go ahead. >> president obama's proposal is precisely what he said would do which is to allow the bush tax