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World, and now this is going to bring us when you throw in the state taxes back to average. we're going to achieve mediocrity with this cut, but that's fine. paul: it's still a little bit below. it's 24 for the oecd average, i think. >> right. so if you take the 20% federal in this bill, you add the state taxes, you're roughly in that ballpark which is good enough because there are so many other reasons to invest in the united states. if we can finally now get competitive on the tax side, you can really see that growth kick up. we got a couple of good quarters now, maybe it keeps going. and th...

Tax at low rate of 20%. that would be improvement for companies. paul: you still have the individual tax, unfortunately. [laughter] paul: okay, so 25, you can live with that or you don't get a big growth kick? >> right. right. no one should settle for anything above 25. we need a serious reform that gets us down to 20 or 15 that also changes the structure of the tax and should be proinvestment. the house, for example, has immediate wry-off of all tangible and intangible investments. fantastic provision. it should be territorial, we are the last country on the growth trying to tax and should ta...

Tax at low rate of 20%. that would be improvement for companies. paul: you still have the individual tax, unfortunately. [laughter] paul: okay, so 25, you can live with that or you don't get a big growth kick? >> right. right. no one should settle for anything above 25. we need a serious reform that gets us down to 20 or 15 that also changes the structure of the tax and should be proinvestment. the house, for example, has immediate wry-off of all tangible and intangible investments. fantastic provision. it should be territorial, we are the last country on the growth trying to tax and should ta...

Drag because they're not going to have the fiscal cliff, they will sort out some of the uncertainties we are probably weighing on some investment, you will get a little bit of growth kick from it, but the bigger issue is every time we have actually had either a government shutdown or a fight over the debt ceiling, where we edged close to the brink, consumer confidence has actually plunged in this country, for whatever reason. consumers in the u.s. do not like to see the government fighting this much and getting right to the edge. it was a bigger hit to consumer confidence the last time we did ...