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The most important to address. wants equity for companies not c corps in the bill. house bill has more than the senate at the time. a constituency, small businesses, mid-size, family businesses. he's the one to watch. >> and if he goes, corker and flake might be comfortable having it back. a possibility that they're all a little working in concert here? >> that's possible, but the thing that makes me think about is, not saying that corker and flake would be willing to have their elbows bent by the president of the united states to pass something they obviously have substantive things they want...

It leaves out key ones, could it be enough to win senate vote? >> yes, it could. i heard ron johnson saying precisely that on the radio this morning. his concern is that the corporate tax cut takes the rate from 35% down to 20%. it is a huge cut for c-corps, for corporations that are incorporated that way. but for partnerships, proprie r proprietorsh proprietorships, the s-corps, the cut hasn't been as large. that was something ron johnson complained about. now, it is very important to understand that what we're talking about maps directly on to the problems ali was talking about regarding thi...

You can't judge that percentage. because absolutely corporations. c-corps are gone. but what happens is everything has moved to a pass through taking over the individual side. so there's been a shift. we know that shift. we can't just zero in and say these corporations are paying so much less. no, they're not. what they've done is they're moving their income. >> let me ask you this again. you're going to have to answer this question a million times. tell me why in an environment where interest rates are as low as they are and capital is available as it is, lowering the corporate tax rate will ...

Say to that and then you've got people like mick mulvaney from the omb saying it's not the federal governments fault that new yorkers and california taxes are so high that they're driving people out of the states. i don't think it's up to the federal government to save new york from its bad decisions so somethings got to give, right? >> well you know the interesting thing is that they threw in in the house bill $10,000 for property taxes which means that if you're mick mulvaney and you own a house in the carolinas, you've got a tax breakout of it but if you're a renter in new york you didn't g...

Pass-throughs, they get a deduction, and by the time they pay surcharges, it's more like 35. 7 wants -- he wants better treatment for them. some of the ideas for equalizing would, in fact, be good. >> you can lower to 35% from 38.5%, which would make the deduction more valuable against a he willer -- a lower rate. i think that ron johnson's case is a little thin because corporations are double taxed on dividends and well and much more disadvantag disadvantages. we see c corps wanting to become the pass-throughs. i don't think that you kill a bill over this. i think they will come to accommodat...