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And debt problem and the key is the investments coming back into the u.s. encouraging exports, and the pass-throughs, all of the small businesses that are currently taxed at 39.6%, their tax rate would drop to 25. and small businesses invest every spare dollar they have in growth of their companies, which is jobs. it is sustainable and certainly, in western new york we've been devastated by the loss of the manufacturing jobs, which is what we need to come back. elizabeth: right. >> so i do believe that we can get to a 3 or 3 1/2% year over year growth just based on this kind of investment and ...

From various kinds of deductions. of course, the problem with that plan, as we've discussed, is that, if you only cut taxes and don't do actual reform, you end up costing a lot of money which means not only are you going to face opposition potentially from fiscal conservatives, but also you may not be able to get this plan through because of complicated senate rules. basically you can't increase deficits beyond the ten-year budget window, so you have to do reform or you have to sunset the plan. >> when it comes to the cuts, yamiche, republicans will say we're going to give cuts to these big do...

And in fact, bring down all business tax rates to only 15%, that's a huge tax cut but the question is, where is that money going to come from. >> they may increase the standard deduction families can take. they may give people a break on the perm side as well as the corporate side. it blows a big hole in the deficit so the question that has to be asked of republicans is, are you going to go along with this. because you believe as you were saying that a rising tide is going to lift all boats and you grow your way out of the huge deficit problem. there are lots of republicans who don't believe t...

How much this helps you. but i think there are other republicans out there and probably some other people who say the rich always get something. if i can get something out of this, maybe i'll be happy. but you've got to also compare this -- let's not do the 7 trillion. let's do 700 billion a year, which is still a whole lot of money. >> a lot of money. >> then the question becomes, if we do this, what in the world are we going to have to cut from government? what kind of benefit that i am counting on or that i get or what thing that i want the government to do is it going to have to stop doing...

Democrats to get on that sinking ship. >> charlie, is it sinking? >> i agree, but think how complicated this will be for conservatives in the house who railed for seven or eight years against the obama stimulus package. there is a deficit problem. >> so the republicans not wanting to fund the border wall, which the trump administration wants to be put into this debt limit talk that we're supposed to be having very soon. before you go, tara, i want to play a moment from last night. hillary clinton was in san francisco and she was giving the most political speech that she has given since losin...