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Reputable economists and studies. they'll certainly get economic growth from this. >> like whom? >> no question we will. american enterprise. the heritage foundation. like our own independent studies coming out of the congressional budget office. very clear when you cut taxes, you get economic growth in that. look, you don't have to be an economist to understand this. it is common sense. if we have the highest corporate tax rate in the industrialized world, you have to know that that's not good for business. >> you know that's not true, right? when you talk about these groups you talk about, e...

Flynn and not because flynn is a good guy and a friend and a pal and loyal, but because flynn has lied. >> lived a strong life. >> lived a strong life, yeah. >> not sure what that is. >> in 2000/2001, when you were working at wall street and i was a financial reporter, there were all these scandals. a bill came in that said a ceo or a senior officer of a company can no longer say they didn't know about the shenanigans that were happening below them. >> the buck stops with them. >> does it matter that the president's lawyer, john dowd, comes out and says, i dictated that tweet to a third person...

New jersey, and california. also states that typically voted democrat. "the wall street journal" also reports that the plan is to eliminate the medical expense deduction. this only generally kicks in for people with fairly high medical expenses. but if you're one of those, that's a big deal. it also eliminates the student loan interest deduction which is also a big deal for people. the other is doing away with the deduction for 401(k) contributions. we have learned in the past hour that there are to be no changes to something that president trump had promised would remain. no changes to the 40...

13th, have the finance committee mark it up. the goal here, of course, get everything done by the end of november, in the senate, end of december in the house. the white house is pushing to cut the corporate tax rate. it claims that's going to raise wages. right now the corporate tax rate, the statutory rate, is at 35%. often you hear people say highest in the world. that's because it is, at least one of. not the highest, one of the highest in the industrialized world except most don't pay that. pay a different rate depending how many loopholes. we calculate to be about 18.5%. they want to bri...

We know that. if you don't fix all the loopholes and bring the 35% amounts to call it 18%. we can find whatever number we want. i come out to about 18.5%. 35% statutory paying something like 18.5% bring down to 20% statutory don't you have the same problem ultimately companies will be paying 10%, 12% or 15%? >> don't forget, which you locate the activity offshore you're doing something inefficient. better to have it here. invented it here. people who know it best are here but going to ireland, someplace else with a lower rate and training people to do it at great cost to yourself and shipping ...