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Federal minimum wage of $7.25, a 39.3% increase, to be exact. and as the bill is written, it would be tied to inflation, so it would keep increasing automatically as the years go on. congressional republicans and major business groups like the u.s. chamber of commerce and the national retail federation say, no, that passing the minimum wage would cause businesses to higher fewer people, ultimately hurting low-wage workers and the economy. supporters of raising the wage saying putting more money into workers' pockets can only help the economy. and both sides have legitimate points, at least acc...

Awareness. our guest is program director for the avon walk for breast cancer and a survivor herself. plus she brought a whole bunch of friends with her in pink. i know you guys are going to put those feet to the pavement tomorrow to raise money for the avon breast cancer research. over 170,000 participants across the nation. your story is incredible. you were so young when you were diagnosed. correct? >> yes. i was 33 years old when i was diagnosed with breast cancer. no family history, was living a happy, active life. it was a big shock. >> how are you today? >> doing really well. eight-year ...

Become the united states with the highest corporate tax rate not world with japan cutting their rate by 5 percent and america takes the led over all other developed nations. what does it mean for small business? and now, our guest is a successful small business owner and mentor and know as thing or two of taxes. nice to see you this morning. explain how in the world this affects small businesses. what is the corporate tax rate? >>guest: well, the reality is this affects everyone. i am pulling my hair out. are you kidding me? here is what happens. now we completely have handcuffed our small bus...

Meaningful to americaning, when you have unemployment over 3%, - 7%, over 6%, this is disastrous to american families. bill: to your point, i had a guy in the elevator tell me, i said, how you doing, he said, doing all right. but we're going from terrible to awful, and i think it feels great. [laughter] i said, all right, i feel that a little bit. here's ott thing -- another thing x you believe this is the true barometer. median earnings over the past 11 years. put all three of them up, guys. that's from 2000, 2008 and 2011. screen left is the dollar amount increase, went from 29.9 up to 39.3....

It was ronald reagan. >> during the 1980s when that comment was made, president reagan believed that government and regulation were a hindrance to economic success. sounds familiar, doesn't it? and so he set about reducing taxes, deregulating the economy and privatizing government services. and it's now possible to look back and assess the effect of president reagan's policies. so here are the cold facts. between 1955 and 1970 the top marginal tax rate was a whopping 82.3%. between 1981 to 2010, this had come down to 39.3%. so if the orthodoxy is to be believed, growth must have gone up, right...