political economy, among elite african american business leaders, and elite institutions like africanerican banks. his work explodes simplistic buy-in areas of accommodation, protest, civil rights, and black power. doctor winford offers as my other colleagues have said it meticulously detailed, thoroughly research insights into the treacherous racial, class, and -- terrain that is biography reveals the multiple ways that african american elites argue for the critical role of economic justice in the fight for greater inclusion, and just u.s. society but into the economy. both doctor winford and i have spent more than a decade working on a remarkable black business leaders. passionate, committed social activists, and complicated human beings. so for me it's walker, the first black women made president, and he of course, we learn, we both understand the necessity of not becoming enamored of our subjects. but neither of us can deny the extraordinary miss of the people who have ignited our imaginations and ignited our scholarship. i cannot this miss this opportunity in the last couple of m

and to keep american business going in the face of the pandemic of the complete unknown. the fed's quick actions were important. the cares act investment they did helped the airlines, helped many people in the transportation and cargo business, helped companies that were connected to national defense, and the main street lending program helped hundreds of businesses. i think they could have made it more effective, and in that case in our report. they could have opened up that program better, helped more businesses, but the work they did was effective, and jobs were saved as a result. host: where you stand on the additional spending happening in the biden administration, most specifically the 1.9 show you dollar measure passed last month? guest: i voted against the -- $1.9 trillion measure passed last month? host: i voted against it. we had money that i partisan the appropriated in 2020 that was not in the economy that was finding its way to the american people in rental assistance and paycheck protection and unemployment benefits. i thought the $1.9 trillion was too much a

act a success for american business? >> two pieces of it. fed's actions in march were extremely effective in getting the economy and markets functioning. in the aftermath of their actions, we raised an outstanding amount of private capital in the debt and equity markets to save american business. and to keep american business going in the face of the pandemic with a complete unknown. so the fed's quick actions were important. the c.a.r.e.s. act investment they did helped the airlines, helped many people in the transportation and cargo business, helped companies that were connected to national defense, and the main street lending program helped hundreds of businesses. i think they could have made it more effective, and i made that case in our report. they could have opened up that program better, helped more businesses, but the work they did was effective, and jobs were saved as a result. >> where do you stand on the additional spending happening in the biden administration, most specifically the $1.9 trillion measure passed last month? >> i

he trying to save face because he caused many african-american businesses and others the opportunity to benefit during the major league baseball. so i don't even understand why he's coming here. he can come here but major league baseball can't come here. you see the hypocrisy? you know, he's coming really to take a tour of a disaster that was not caused by god but was caused by liberals and it's just an embarrassment and it's also a slap in the face to many of us here in georgia for him to even show his face here. >> almost going through the

. >> reporter: that's right, this is the biggest so of support and action from asian american business leaders. mostly from silicon valley but also across the country. one ceo told me this is the first time he's spoken up about this publicly. the headline is simply one word, taking up a page in today's wall street journal, the open letter from asian american business leaders says that they are committed to change and fighting violence and discrimination against asians. >> we've had enough of being beat up, being called names, being told our voices don't matter. being left out. it's just really overcoming this anger that is boiling up and many of us. >> reporter: the ceo of an sfo startup is among those executives and this has turned into a $10 million pledged action over the next year. among the dozens of his supporters, the ceo of zoom, door dash and cofounders of youtube and yahoo. >> we've been building the railroads for the last century and we are still doing that today in the internet world. yet, when our communities are hurt and we are not given the space and given the protection

one is the need for american business, american government, to disrupt the way we generate and use energy, to a cleaner way. and the other is the timeline from the natural world, which says, if you don't do that, the natural world is going to disrupt your world, and a very unpleasant way. we've got to win this race with the natural world and as americans, we gotta do it together. >> you started to get into it, but i'm going to ask for more details on how you think president biden's goals can be met, right? what changes need to be made? in terms of things we will see in our daily lives, is it electric cars, is it heating our homes differently? is it our factories are completely coal free? talk about the things we might see or need to see happen. >> there are five sectors that people focus on, kristin, which are electricity generation, transportation, manufacturing, the built environment, which is basically heating and air conditioning, and regenerative agriculture. but in the first 10 years, the most important thing we can do is clean up the way we generate electricity. and with the govern

biden is proposing is going to hobble the americans business. this going to hobble american business because it is a global economic tax increase. guest: i didn't think i was writing lines in the washington times. when i give you my story on it, whether it makes some sense you, and appropriate way to accept the challenge. i, terribly -- i am terribly concerned about these tax increases. i know taxes were much higher, there are so many loopholes you can drive through, it is what you actually paid matters. today, there are not that many ways out of it. you have to pay it. also, the state exclusion, about 11 million, you have to pay it. if you have enough money, it is 40%. if you look at who does the investing in america, the water goes down and goes away. the investing the goes on in america is in small startups. they're the ones that go into apples, facebook, microsoft, so on and so forth. there are a lot of venture capitalists, they tend to be older people that have made a fortune. now, they spread it around. one out of 10 of those will succeed.

an agenda an approach that's going to cripple the economy and kill jobs and be very bad for american businesses as well well president biden has assured that's not the case this is a plan that's going to create jobs and he's looking for broad support there which he does have for most democrats so really the key is here going to be how he managed just a couple this plan with creating jobs and convince people that this really is good for the country since the misconduct in washington d.c. thank you for your reporting. now germany is of course taking part in the summit as well and chancellor america welcomed president biden's pledge here's what she said . i'm delighted to see that the united states is back and back to work together with us in climate politics because that can be no doubts about the well needing contribution if we really want to fulfill ambitious goals and the national contribution of the united states for 2030 is a clear is standish illustration of your ambitions that is a very key and important message to the international community thank you but they said thank you organizing th

you might remember about a week ago we reported this that hundreds of big american businesses like target and google, american airlines, bank of america, they took out a big splashy full two-page ad in "the new york times" and "washington post" declaring we stand for democracy. they promised in the ad that they would oppose any discriminatory legislation that makes it harder for people to vote. but as we have also reported, those companies published that clarion statement at the same time that the biggest business lobbying group in the country, the u.s. chamber of commerce, which has many of the same companies as members, when the chamber was actively pressuring u.s. senators to vote against the big federal voting rights bill in the senate. so there is the chamber of commerce whipping votes against voting rights while the members of the chamber of commerce are taking this public stand in favor of voting rights. it's an awkward thing, right? it's a contradiction. well, now those big american businesses who signed that statement while also being members of the chamber of commerce, are being

as jen said, my job as the commerce secretary is to do everything i can to enable american businesses of all sizes to compete. and at its core, the american jobs plan is about investing in american competitiveness, strengthening our workforce, rebuilding infrastructure, and leveling the playing field so all americans have a shot at a good job. prior to being commerce secretary i was governor for six years. prior to that i was in the private sector. over the course of my career, as an entrepreneur, as governor, now as commerce secretary, i have had many, many discussions with businesses. from the biggest to the smallest. and over the years, there is something that we all seem to agree on. which is that we need to make massive investments in our infrastructure if we are going to compete and ensure america's global competitiveness. and most recently, i have spent a lot of time in the past two weeks talking to business leaders, and i can report to you that there is a broad level of enthusiasm for big investments in infrastructure. and i think there is a recognition that president biden is

business. >>> the u.s. economy appears to be rebounding as more americans get back to work, and across our country, small businessesyou their stories in our ongoing series, "american comeback," at the start of the pandemic, cnbc spoke with three entrepreneurs in east austin, texas, their businesses were struggling mightily as covid caused a nightmare on main street now almost a year later, we're checking back in cnbc's andrea day with the stories of the american comeback. >> the one word that best describes this past year is challenging. >> for me it's been exhausting. >> for me, it is confusion >> reporter: one town, three small businesses and one year into the new normal. >> it was a constant worry. >> reporter: alta alexander owns altitudes, a women's clothing boutique, and when covid hit. >> it brought my sales to a screeching halt. >> reporter: alta was forced to shift her entire business online >> it was a constant, daily struggle thinking how am i going to make it. >> reporter: but it got worse in june after a fire destroyed her store. today, she's still running the business from home, and waiting for the la

as jen said, my job as the commerce secretary is to do everything i can to enable american businesses of all sizes to compete. at its core the american jobs plan is about investing in american competitiveness, strengthening our workforce, rebuilding infrastructure, and leveling the playing the old so all americans have a shot at a good job. prior to being commerce secretary i was governor for six years and prior to that i was in the private sector. over the course of my career as an entrepreneur and governor now commerce secretary i've had many discussions with businesses, from the biggest to smallest. over the years there is something we seem to agree on. we need to make massive investments in our infrastructure if we are going to compete and ensure americans global competitiveness. most recently i spent a lot of time in the past few weeks talking to business leaders, and i can report there is a broad level of enthusiasm -- -- that president biden is doing the right thing in pushing to conceive of infrastructure as broad, as including investments in stem, research and development, ba

busy. we glance at the headlines. most americans are filled with work, family, commuting, sports and dealing with the house. and it takes a lot of effort to dig deep past the front page. but it's become so blatant now that even casual news consumers see the distortions. trust in the media hit an all-time low and now the majority of americans want to break up the big tech company. the american people need to communicate to their politicians that it's time to go back to the teddy roosevelt days of trump busting. the very essence of the youths america is at stake. joining me to react. glenn greenwald. author of "securing democracy." we could all see that corporate media has adopted the language and agenda of the democratic party and they are participating in partisan politics more than i have seen it in my lifetime and they do it under the guise of compassion and open-mindedness. but tell us what you think is really going on. >> a couple of things are going on. number one, i think all of those trends you just identified severely worsen

an infrastructure, in broadband, in job training, in basic research are absolutely vital for american businesses to remain competitive and necessary and have been delayed for far too long. mark: republicans called the increases a job killer and secretary remind those as it doesn't discourage investment. just an sec. gina raimondo says it doesn't discourage investment. the u.s. embassy in moscow says it will slash visa and consulate services. the services will be reduced to a minimum. russia imposed new limits after the u.s. announced new sanctions and expelled 10 russian diplomat. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton, this is bloomberg. ♪ amanda: welcome to bloomberg markets. matt: not you and i together, we have only been together since valentine's day but overall, we've been here for three years and we welcome our audiences together at the same time each day and here are the top stories we are following. u.s. personal income sword the most can margin monthly records since 1946

or certainly the largest companies in the american business fortune 500 say. >> there's a difference of business itself. is the republican party a party that believes in private sector in markets in capitalism yeah absolutely. and it has so succeed it will succeed only if it is effective advocate for them but let's not kid ourselves for decades ceo have been socially liberal and economically conservative and -- really sort of disstainful of politics so yeah there's a problem here but we're better off by standing saying you know what, if you have a problem, articulate that problem we're going hold you to account if you're doing what the head of coca-cola did and head of delta did and head of other companies merely making brush sames that don't have substance to them hold them to account what exactly are use complaining about. and discourage them there shall from engaging in name calling and labeling that they did in that ad in new york times in washington post. >> all right, karl thanks for coming in. appreciate it good to see you when we come back does disliet last week failure to or

an infrastructure, in broadband, in job training, in basic research are absolutely vital for american businessesin competitive and necessary and have been delayed for far too long. mark: republicans

so no one can outcompete to the american worker and american businesses if we have a level playing fieldhas been anti-competitive, coercive. frankly, they break the rules as it relates to ip. they have flooded our market and the european market with massive quantities of steel, making it impossible for us to compete. so it is true, we want to continue to do business with china and in china, and it does obviously make sense to continue doing that. but it is also true that we have to stick up for american workers and make sure that they have a chance to compete. as it relates to the supply chain, it is amazing how we've lost a lot of ground. i think 25% of small and medium-sized manufacturers have gone away in america in the past 20 plus years. so suddenly -- not suddenly, but we wake up today and realize we don't make leading semiconductor chips in america. we make none of them. that's a problem. so that is going to be a big focus of my work, which is working with industry to incentivize them to build factories in america so we can make. we can't be totally dependent on the chinese or the

own as administration and think a very shortsighted and they do not provide the certainty for american businesses that might want to do business in countries like iran. : : : >> it is a corrupt and illegitimate regime. so majority leader schumer has announced he plans to move the china bill in the senate this year that bipartisanship and the bird will you really can't be thinking about reconciliation. masking and i'm curious what you think are the possibilities for cooperation on china in the senate and give us a little bit of news or a sneak peek for the china bill. >> there is one area where i think they are pretty close to unified. and things like the covid-19 virus when it comes to the supply chain like ppe to semi conductors. that's something we can talk about more but senator warner and i who is now the chairman of the intelligence committee, this is a bipartisan concern. obviously concern about china cyberactivities the theft of intellectual property. they basically have been telling us what they are going to do made in china, 2025 and they want to get access to foreign investments in the

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china figured out they can attack american businesses.e your movies or we won't let you into your business markets. some american liberals are emulating the same tactics as china. they are attacking liberty at home for them. >> it's astonishing to seat parallels with what's happening in china and here with high-tech. what it has is a racket. it's controlled about it terrorist group known as the chinese communist party. if you want a piece of the action of the chinese communist party, you have to do their bidding which means trashing your own country and attack your own country as racist. as far as i'm concerned it's a price far too high to pay. we shouldn't be paying that price. dan: it's disturbing. thanks for joining us. i really appreciate it. how biden's weak policies at the border are making the u.s. a target for terror. dan: crisis at the southern border getting worse. it's so bad joe biden is quieting considering restarting the construction of the border wall. it's easier to come into the united states at the southern border than i

agenda an approach that's going to cripple the economy and kill jobs and the very a bad for american businesses as well well president biden has assured that's not the case this is a plan that's going to create jobs and he's looking for broad support there which he does have for most democrats so really the key is here going to be how he is managed just a couple of this plan with creating jobs and convince people that this really is good for the country simonson is kind of did have a correspondent in washington d.c. thank you for your reporting. and president biden's pledge is welcome news here in europe earlier we spoke to france to months the european commission vice president and commissioner for climate action and we began by asking him if the u.s. was overtaking europe as a global leader in the fight against climate change from the 1st to announce that we would be a climate util continent by 2050 we are also the 1st to assets in law this week. 2050 but also for $0.20 which would take a steward auction of. at least 55 percent compared to $9090.00 so i think we are trailblazers it was europe

competitive is one thing american businesses are always going to be competitive.id see benefits. >> so the race to the bottom is a real issue that's one of the reasons why the president's plan adjusts the issue they're incentivizing parking dollars overseas there's every evidence that american business can handle this this has been modeled. look at moody's analysis america creates more jobs if we do this plan than if we don't do this plan because the biggest thing holding america back right now at least in terms of our long-term outlook is the fact we've tolerated a deteriorating infrastructure you can't get something for nothing. when you add this all up, i think it's going to be a win not just for the american people but for businesses too even if some of the corporations that have paid zero taxes on billions of dollars of taxes have to pony up a little bit and make sure it happens. >> mr. secretary, question about the framing of this. right now the higher taxes are being framed as effectively pay fors for the infrastructure package and some of the other ambitio

to spread new mutations and variants which ultimately are going to put american citizens and american businesses at risk >> reporter: pro-india policy that could put america first. >> beyond the u.s., how are other countries helping out? >> reporter: britain is sending nine planes loaded with supplies and the european union announced today they're going to be sending aid as well. kate >> all right matt bradley, thank you. >>> also overseas, there was a massive and deadly fire at a hospital caring for covid patients in baghdad, iraq. 82 people were killed, dozens injured many were on ventilators and unable to escape the blaze that was sparked by an exploding oxygen cylinder >>> we're getting our first look tonight at that indonesian submarine that was found off the coast of bali, nearly 3,000 feet below the surface. there were 53 crew members on board all perished, and the accident is under investigation. >>> a decision could come as soon as tomorrow over whether or not a north carolina judge will release body camera video of andrew brown's deadly encounter with sheriff's deputies last week. the

the business community and the american public are not supportive of that even though our partisan politics don't seem to address this part. this is unspeakable. the business community has been in favor of all kinds of regulation through history from product finance and the rest is to have safe guidelines of fair play. when it comes to gun safety, we had a firearms control act of 1934. the business community was behind it and it got rid of the gangsters and semiautomatic of a sort we remember from the old movies. we also in 1994 are the violent crimes control act that the business community was behind. oddly, throughout most of american history the nra were in favor and a gun safety interruption. >> i have to interrupt and come back to where i began. very noble, in my opinion, that which you've just described, but nobody in the american populace elected any ceos and the job of the congress. i come back to where i began. why alienate second amendment purists? why is it good for the bottom line? >> there are companies that you find when you speak to social issues you can get a rally cry behin

here's abc's mary alice parks. >> reporter: tonight, american businesses optimistic. a new jobs report showing the nation added more than 900,000 jobs in march. with strong gains in hospitality and food service. still today, there are nearly 8.5 million fewer jobs in the u.s. economy compared to a year ago. that deep hole one reason president biden is casting his new infrastructure bill as a jobs plan. >> it's a blue collar blueprint for increasing the opportunity for people. >> reporter: the enormous $2 trillion proposal calls for rebuilding roads and bridges, expanding broadband and replacing lead pipes. by one estimate, it could create 2.3 million jobs by 2024. to help pay for it, the president would pare back tax cuts to corporations put in place by president trump. but that's a deal breaker for republicans. >> the last thing the economy needs right now is a big whopping tax increase on all the productive sections of our economy. >> reporter: the president friday saying he's still hopeful there's room for compromise. >> i think the republican voters are going to h

our international engagement president biden and i will stand up for the american people and american business as well as these core values that define america. i would like to spend time today discussing three key objectives to guide our economic engagement with the rest of the world which i believe are necessary to help her realize the vision of our nation. the first objective is a stable and growing world economy that benefits the u.s. economy. for the united states to prosper our neighbors must prosper. in the modern world recession, instability, and crime abroad find ways to wash upon our shore. strong and stable economies abroad make us safer. we will benefit if countries can maintain or create economic, social, and political conditions favorable to an open society. we will benefit if individuals around the world can pursue their aspirations regardless of conditions of birth and if women have truly equal rights and opportunity to be included in the economy, we will benefit while retaining cultural differences, share core values of free speech, free exercise of religion, and respect for d

an agenda an approach that's going to cripple the economy and kill jobs and be very bad for american businesses as well while president biden has assured that's not the case this is a plan that's going to create jobs and he's looking for broad support there which he does have for most democrats so really the key is here going to be how he manages to couple this plan with creating jobs and convince people that this really is good for the country so he's the most kind of correspondent in washington d.c. thank you for your reporting. and germany is of course taking part in the summit as well and just on america welcomes president biden's pledge this is what she said just moments ago i'm delighted to see that the united states is back is back to work together with us in climate politics because that can be no doubts about the well meeting contribution if we really want to fulfill our ambitious goals and the national contribution of the united states for 2030 is a clear is standish illustration of your ambitions that is a very key and important message to the international community thank you but th

populations in the world are going to spread new variants and automatically put american citizens and american businesseseporter: a pro-india policy that could put america first well, britain is sending nine planes loaded with medical supplies set to arrive on thursday and we heard heard from the european union today they're going to sending supplies, too frances. >> got everybody helping matt, thank you. >>> still to come, one short flight for a helicopter is one giant step for nasa. the new mission on mars. the couple who found a baby at a subway station and adopted him if i can eke out a win, it's going to be a miracle, baby! uh, mr. vitale? it wouldn't be a miracle because geico gives you a team of experts to help manage your claim. it's going to be a nail-biter. no, the geico team is there for you 24/7. geico is awesome, baby! (shouting) too much? i think we got it. yeah. thanks. thank you. geico. great service without all the drama. cranky-pated: a bad mood related to a sluggish gut. thanks. miralax is different. thank you. it works naturally with the water in your body to unblock your gut. free yo

that's things you probably never think about are causing huge problems in american business and backity issue. plus, apparently the third time is the charm why microsoft is paying 16

on thursday says russia is also looking at targeting american businesses with painful measures. police in the u.s. city of indianapolis say it's still premature to establish a motive behind thursday's mass shooting the government killed 8 people and injured several others as a fed ex facility who killed himself has not been identified. members of me out miles out of political parties ethnic leaders and to keep protesters have formed a national unity government they say it's aimed at restoring democracy up to the military overthrew the elected government and a coup in february. iran says it has successfully enriched uranium to 60 percent which is far beyond the limits set on that the term of the 2050 nuclear deal on thursday iran attended more talks in vienna aimed at reviving the accord where president joe biden wants iran to stop violating the terms if the u.s. is to rejoin to her arm once u.s. sanctions lifted a setback has more from to her on iran is doing that because it's a reaction to what they have called the act of sabotage last sunday their main nuclear facility not ton

we want american workers and american businesses to be winners in the global marketplace, and that starts at home. that is what the biden plan is about. we know we can do it and we know the science tells us we have to do it and we can see the benefits before our eyes. host: this is mike in dallas, north carolina, a republican. good morning. >> good morning, sir. how are you? host: doing well. caller: i want to ask the gentleman a couple questions. i am from a poorer state, and people drive a lot of these cars , and i don't know if you won't know what a junker or a clunker is, a car driving down the road and you look over and they might have two different vendors, two different colored fenders or doors, and you are wondering it how it is making a down the road. does he think this is a fashion statement? host: caller: do you think four e are driving these cars for a fashion statement? i'm driving a 12-year-old used car now. i can't afford an $80,000 tesla. you are not with me. you think money pops out of thin air. guest: i don't believe that at all. what i believe is it's a sin and a shame

on thursday says russia is also looking at targeting american businesses with painful measures. police in the u.s. city of indianapolis say it's still premature to establish a motive behind the state's mass shooting a gunman killed 8 people and injured several others at a fed ex facility the attacker who killed himself has not been identified. members of myanmar's alsa political parties ethnic leaders and anti q protesters have formed a national unity government they say it's aimed at restoring democracy on to the ministry overthrew the exit government in a coup back in february. hong kong's 9 most prominent pro-democracy activists have been sentenced for taking part in anti-government protests in 2019 among them on veteran campaign i'm martin me and media tycoon to me live from hong kong agent brown reports what you think but it was not only helped found hong kong's pro-democracy movement and co-wrote the city's mini constitution which is why he's often called the father of hong kong's democracy now $82.00 the lawyer arrived at court saying whatever happens i can take it in his

well as crown princess she earned a real hard name with the the american business community. this is one of my favorite pictures in 1887 liliuokalani who is standing by the way that diamond butterfly in her hair is on display in the iolani palace today and kalaco's wife queen kapiolani. now the british had long been friends of the hawaiian monarchy and this is where that value of the boston parlor that is so criticized came in. there's a reception and queen kapiolani who spoke very limited english did not realize that she's the highest lady in the room and nobody could sit down. and when lily who got there a german grand duchess after why does her majesty not sit so we can sit down. well, you know lily who would have known an instant that if you're the queen you sit down and you so other people can sit down, but she didn't know that by the way that dress that copy ilani is wearing they get there. of course every crown head in europe is at queen victoria's jubilee by the way in the procession the life guards the guys in the silver breast plates and the gold helmets with the pl

the american people, businesses were blindsided, they got shut down, and this is something we've never experienced before, and it's going to take a while to get back up and running. people don't know what to do, business owners don't know what to do, and when you don't have the supply and you can't have people sitting around doing nothing, you start laying off people again. we're going of to have to deal with this issue, and we're going to have to deal with it fast. liz: tom maoli of celebrity motor, he says we need to be chip inch dependent. i like that term. -- independent. good luck, tom. >> good to see you, thank you. liz: cryptos lighting it up as the crypto brokerage of record prepares to go public. add to that big banks 48 hours away from kicking off earnings season, and we've got the user's guide on how you should be playing all of the action in your portfolio to come out a sparkling winner. closing bell ringing in about 49 minutes. we've got the dow jones industrials down 108 and, of course, there's red on the screen for the s&p which earlier was positive. it's down 7 points r

example they are continuing to fight the tariffs we have in place we have a situation where american business people can't travel to china with business visas right now and yet we're continuing to allow them to come here and do business so that the by the administration needs to tough up on some fronts but at least they're showing support for taiwan and hopefully will start speaking more for freedom and a return to normalcy in hong kong but let's talk about that stevens to about the buying support is it one thing to say you know what we think that you need to obviously taiwan needs to be free it needs to remain independent but is it another to actually put military force order promised to have some sort of support decided and do you think the bottom ministration would actually go that far and get involved especially considering right now that how reliant the u.s. is on china and so many different levels. well that's a mutual situation where both countries are reliant upon the other in terms of economics and trade you're going to see a lot of tough talk and word blurs the line if you start cro

. $2.5 trillion according to the treasury department coming from gouging business which means americankers will eventually get the shaft. so much for america first, the national association of manufacturers estimates biden's tax plan will eliminate 1 million jobs in just two years. joining me is larry kudlow, former white house economic advisor to donald trump and the man who helped bring so many american jobs back home. you say these tax hikes would cause major damage not just at home or abroad. explain to the audience. >> major damage. your estimate, the two professors for rice university which is a very good school are saying we will lose million jobs in two years if this thing goes through, the tax foundation has similar estimates. this idea the these taxes are going to somehow help the economy and this idea that they will raise lots of revenue to pay for all the social welfare democrats want is nonsense, it is not going to happen and if you start packing american business, there's more coming when the budget is finalized, you will be above $3 trillion in taxes. you are going after