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They cheat me. the republicans couldn't even hear them. couldn't even hear them, instead they said man, we got a show return on investment for our donors. that's, that's what's happened in washington. >> you know, they are now walking to this tax fight and i wonder what you make of it. just talk about a little bit back and forth on 401ks. you've got the president who has good political instincts frankly saying don't go after 401ks, they're like we might go after 401ks, are they going to come over state deductions, things that a lot of people use and comfortable so they can cut taxes on the top...

Good political instincts frankly saying don't go after 401ks, they're like we might go after 401ks, are they going to come over state deductions, things that a lot of people use and comfortable so they can cut taxes on the top? >> so i'm just going to turn your question the other way. they start by saying we've got to cut taxes for the richest in this country. for the biggest corporations for the richest americans. because that's what our donors expect us to do. that's what the people who fund all of these think tanks and all of these bought and paid for experts and all of these lobbyists, tha...

Knocking out state deductions. >> dana: right. lot of them in the northeast are also in california. you've got a lot of members of congress saying i don't think we can do that, but they have to pay for it some way. president trump said they're much more united as a party than the democrats. >> not at all. no. we have a very good relationship. honestly, when you look at -- when you take a look at what's happened with hillary clinton and bernie sanders and the hatred and the division and the animosity, i'll tell you what. honestly, the republicans are very, very, well united. >> dana: republican...

Company and not employees, we could deduct a lot of our expenses and then under this plan pay 15% when somebody sitting next to us is paying 35% under this plan, or 35.6. there is a built-in unfairness right on the top of this one. >> ali, you saw that steve mnuchin wouldn't guarantee the middle class wouldn't be affected by this. what do you make of his lack of a guarantee there? >> it depends where you are and who you are. if you deduct, like, student interest or you deduct a student loan interest or you live in a state where you can deduct certain state deductions like we were just talking ...

Could be a good idea at this stage. many deductions could expire. take all you can now and don't take them in increments. you should also make up for lost time. that means considering catching up contributions to retirement funds. take a look at that. you should also take state deductions on lease income. even states with no income tax may offer a deduction on that income. they call it free money for a reason. you are always better off putting the maximum amounts allowed into your 401 k. think about that. what happens if you owe the irs and can't pay. not a great situation. firstly, file any p...