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Manufacturers in the united states. at these current tax rates, if they are not extended, we will pay our taxes on the individual rate up to 40 percent on the federal level. >>stuart: that is very important. you are a subchapter s, which means, doesn't it, the profits go to you and are taxed as personal income to you, not like any other kind of corporation. so, you pay personal income tax rates, right? >>guest: that is correct. >>stuart: do you think there is a good shot that the maximum rate goes from 35 percent to 39 percent january 1st? ocean it truly is and coupled with doing business in t...

And why you think lowering taxes has been the key to your success. >> when governor brown back and i came into office 18 months ago we had a $500 million deficit. we had been losing jobs over the last decade, actually losing population to other states. we just couldn't do that. we were the highest taxed state in many states around us. so we just couldn't do that anymore. we were losing private sector jobs. what we've done, we made an approach, let's work with business and small businesses. so we're cutting taxes on all small businesses. if you're an llc or a subchapter s, you come to kansas, z...

Overreliance on that one percent in a second. mike, people do have the option of moving. there is a guy named richard vettter in ohio university. he found 1100 people a day including sundays and holidays moved out to high tax states moved to florida or texas. >> that's rightt. that is the millionaire's tax in new york state. it is reallyy for incomes of $250,000 or more. it is not just millionaires. $250,000 for a small business owner who has a subchapter s is a very small business and these are the big job creators. you are hurting the small business and individuals that create. >> they can't...

Wealthiest at its lowest level in a century. should everything be on the table in how do you make up the revenue here? >> you actually go back to somewhat where i'm hoping the president was leading, which is from his own deficit commission saying, look, we're going to have to lower marginal rates, broaden out the base, take away a lot of the special exceptions, these special lobbyist-driven tax cuts. but you also now got to deal with another problem from the president's own state of the union speech and now this speech. if we're lowering corporate income taxes how do you deal with our brothers...

People working. i'm not sure it can change just because somebody throws something in there. >> gregg: the problem with almost 10% unemployment is jobs, there aren't enough out there. since small businesses account for roughly 70% of job growth and since most small businesses actually pay individual tax rates under the subchapter s, would allowing the bush tax cuts to expire only make unemployment worse? >> they have to. we talk about the word business, it is not business, it's people. people make their decisions based on how much money they think not only they are going to make but how much th...