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Based on specific things they've done just in the past three years. >> that is correct. and we've done it at exactly the wrong time. i think many would argue. if we take a look at the next chart. i'll show you why. typically high deficits are associated with times of recession or high unemployment. 2009, we hit 9.3% unemployment. look at 1983, we had 9.6% unemployment. those were all periods of high deficits. but now we're sitting here at an estimated 4% unemployment as we sit here today, but estimated to go down to 3.3 and yet we're also looking at a deficit that's still over 4% as a percent ...

The taxes hit joseph's cookie company. >> it's huge, steve. so what happens is, for every dollar that a small business company brings in, 40 cents for just the federal, and 39.6 cents has to go into a separate bucket and taken out of the economy all together so they can pay their taxes at that next tax cycle. steve: sure. now with this tax cut that was passed by congress, how is that going to impact your cookie business? >> well so, what we did when we z. those funds, we went to our most dedicated team members and offered raises from $3,250 to a little over $5,000 per person. i went to one of ...

Which is pretty good. we have the highest marginal income tax from 39.6 to 37. a lot of the pass-throughs to get a 20% write-off on their taxes which is 26%. we have -- we have all of these wonderful features that i'm really excited about and i think this will lead to a lot of prosperity. >> bill: hope you come back soon. you are doing stand-up tonight. where is that in nashville? we'll come and see you. >> colbert hasn't invited me. >> bill: not yet. >> thank you very much. bill. >> sandra: i fully admit to looking up on that one. a meeting at the white house to get an immigration deal done. ...

The democrats are saying, shame on those republicans, cutting your taxes. we should have raised taxes. we should have raised them on corporations. i'm very anxious to go do an ad next year apologizing that we cut taxes, apologizing job growth is up. apologizing the stock market's up. >> you missed it. >> i like the debate but let me go to -- >> so should have brought my popcorn here. >> this is important because it is a fight for the middle. and that's where the votes are. we all know this is about that wedge thing that joy mentioned which i forgot i taught. but it is a very important question...

Know about it. the beating heart of our plan is is a tax cut for working families. >> but the "washington post" point out that the president will save millions under the tax bill personally, which will insure a financial windfall for him and his family in a way that is virtually unprecedented in american political history. the article quotes a tax professor who says he's not even aware of a single provision in the bill that disadvantages the president or his family. other than the change to state and local tax deductibility. anyway, the benefits the president will get include a lower tax rate ...