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To come back from this. they take us further, more deeply into debt. what can you do but raise taxes? >> dagen: armageddon? really? hi everybody i'm dagen mcdowell. this is bulls & bears. so bulls & bears this week, gary b. smith, jonas max ferris, john layfield along with stacey washington and adrian elrod. welcome to everybody. john? armageddon, really? >> look this political talk has reached a new level of crazy. where was this dooms day prediction when nancy pelosi with the rest of her congressman republicans and democrats watched debt go from 5 trillion in 2000 to over 20 trillion today. ...

And gary smith and heather. what would the fall-out be if companies take the tax cut and plow it back into their stock? >> that would be a big push-back against the gop in this plan. it's most likely to happen. while that will benefit stockholders or shareholders of the company by buying back shares and increasing the dividends, neil, that won't benefit the economy in the short run. it will take time in order to hire workers and invest in domestic plants property and equipments. >> neil: gary, i'm looking at the markets. a lot of it is fueled by better than expected earnings. i'm wondering how...

Neil. >> neil: so if you don't, heather, then what? >> it goes down. market declines 10 to 20% even. if we don't get corporate tax reform, this is already priced in to a lot of the earnings. we have corporate earnings right now. they're doing well. we also need tax renorm before year end to help market the markets go higher. >> neil: gary b. smith is saying it's not priced in. this could be that and ubs saying yes, this thing is a rocket if those tax cuts are approved. >> absolutely. i think it's a rocket either way. if you come in on a monday morning and all of a sudden it's approved, the mar...

>> david: frankly gary there was one bit of news in particular that spooked the markets and that was when we heard about the delay in the corporate tax cuts, then the markets you could see the markets come down markedly when that happened. if you delay the corporate tax cuts you delay business decisions and that could delay the economy right? >> gary: absolutely david look i'm of the opinion that once again the republicans have critterred away an easy sell. i was just, you already know the mainstream media is going to be against this. i was just doing a quick span of the headlines this morning...

Here is your timeline. the house votes on their bill next week, a senate vote could happen the week after thanksgiving, with the plan to get it on the president's desk david this year. >> david: good for you for really going through raking through that new york times report because so often the times headline is very different from what you actually see. >> lauren: i had to go to the last paragraph and the article was long. >> david: it's extraordinary and by the way senator told me yesterday he says that 500,000 on the top rate actually is a mill dollars for couples so 500,000 for singles a m...