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I think the lowest paying job at carrier was $14 an hour, the next tier went over $15 an hour, then you look at the different other positions that paid way over $50,000 a year. it's incredible he was able to save those jobs. he has not even been sworn into office yet. he's assembling a group of business leaders and u.s. leaders that are known around the world and these are going to unleash an economic engine that people haven't seen for decades in this country. you have got a businessman that's going to be back at the helm that understands how tough it is just like i do in my business, what re...

Large engine-related, automotive, aerospace, part of the economy. let me ask you about tax reform. as the leader of a multinational business, and we see so many of your colleagues in business saying, look, we're going to move our headquarters to switzerland, because the u.s. has the highest corporate tax rate, what do you think tax reform would do in terms of impact on the economy? >> well, the reality is, it would be good if we had a more modern and more competitive tax system. the details would need to be hammered out in washington. but if we had a tax level that would be more closer to the ...

On that is there is the possibility the house passes this woke-long extension. we could still be talking about the next saturday. you made a point that maybe boehner needs the shutdown. the republican establishment needs the shutdown to convince their members that hey, we need to back off. i guess talking about the political dynamics that we did in the last blocks i'm wondering, would even a shut down do that, you think? >> we'll see, we're all trying to predict something here that feels very unpredictable. it's unprecedented in many ways. can you see in the fiscal cliff, john boehner tried to...

The power that they used to. and one of the pieces of evidence for that is in the capital gains and the dividends part of this, which was not a big part of the conversation. but a major concession that republicans got was that dividends were going to go up to 39.6% tomorrow. as part of this deal, instead, they will be taxed to 20%. that is a huge cut for the extremely wealthy. and it is only the kind of thing that congress could do if there was no organized labor opposing it. because you have the investment class on one side, and nobody kind of making the case for higher taxes on dividends. so...

>> sure can. yeah, the white house has been very focused on what do we have to do to just get past the fiscal cliff. let's get over this bump and keep spend and keep going. in the house we're actually trying to solve the debt and deficit. let me illustrate this. we have a trillion dollars in deficit spending last four years. president says let's go back to the clinton levels of taxation. if we went back to the clinton levels of taxation we're still double the highest bush era of deficit spending still because spending was accelerated so much in 2009 and 2010. we're trying to bring the spending...