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Not there's any merit to the notion that u.s. corporate rates have made american corporations compared to corporate rates in other. developed democracies. >> it's a very tiny difference. the reason is there's a head line rate of 35%. then there's what we call the effective rate, which is what companies really pay. that's much, much lower. and people can get online and look at the study of the congressional research service, which shows if you look at the effective rate, it's basically the same as the other high income countries. so the head line is misleading to begin with. why? because under ...

Competing with china. 15% in canada. 18% in britain, european average around low 20s. we're taking our corporate rate from 35 down to 20. of course, many states have corporate rates so that takes it up to about 25 on average. this makes us competitive with the rest of the world. if we don't bring the corporate rate down, we'll continue to hemorrhage companies that get bought up by other companies. as burger king was bought by a canadian company. it's a very important competitive question, job creation issue. if you're asking for how we deal with the middle class, the most important thing we ca...

You actually let them keep the money they earned. and there's not a cost to tax cuts. a tax cut is a pay increase. so you have to decide whether you're standing in the feet of the government or the american people. and lower taxes are better for the american people because they get to keep the money that they earn. the president obama said he was going to bring the corporate rate down because he realized that we're at 35%. socialist china is at 25% and we wonder why we have trouble competing with china. 15% in canada. 18% in european average around low 20s. we're taking our corporate rate from...

Historically low job approval numbers. 38% approve of the job he's doing as president. 46% say they're going to vote for more democrats next year. for a check and balance there. so susan, are these numbers going to get worse or better if the gop passes its tax plan that involves possibly cutting 401(k) benefits? >> i don't -- all right, two separate questions. i don't -- i think it will help republicans say they have achieved something. the 401 tax break is a whole separate issue. at the end of the day, we may see a little tweak at it, but if the republicans basically say they're going to pass...

To 15, you will see tre tremends changes investment, all that lovely money overseas, that will flow back to united states this year. it is really going to spike economic growth. one reason you can be pretty sure that the republicans are going to do something very bold as trump put forward, if they want to maintain the house of representatives in 2018 election, they need to be able to demonstrate not just progress on regulation on other issues, but growth in jobs and gdp, that will glow flow from taking corporate rate down, and individual rates down. allowing that money overseas to be brought b...