. >> and that is one year the gec industrial profits tracking at the high end for guidance for this year along with the above trend operates in the aviation business. despite profits in the oil and gas business once a growth driver, will decline as much as 5% this year. and so ge is cutting the unit expenses by $600 million. the first quarter results is their ability to drive initiatives in industrial businesses which it said will generate 98% of the profits by 2018 all part of the strategy by selling billions in assets over the next two years. >> and also the latest makeover by imelt, by creating an easier story for him to sell that of a high growth industrial firm. >> the change you are seeing in the cost every quarter these are indicative of a company that is transforming and very different today than it has been over the last 15 years. >> and with stock down over the last 15 years and they hope that generates a different return. for "nighlty business report," i'm mary thompson. >> and now to earning from honeywell. they reported a 5% drop in quarterly revenue because of that strong d

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. >> so president obama like the gec gekko of government. >> why on earth do politicians think after you work your whole life they can steal 40% more of it? >> well, partly because the government has to continually be fed. if there was ever a reason for tax reform, it is not just this one but this whole month, when everybody is working feverishly to pay their taxes, the date this year was april 18th everybody works from january 1st to april 18th all of that money up until then goes to the government and then you get to keep the rest of the money that you're earning. i think tax reform is the answer and so is economic growth. that's the most important thing. the more growth we have in the economy, the better the treasury would be and the better workers would be and the more money people would have to invest. >> i'm sorry. that's money that's already been taxed. >> yes. >> they've already been through the ringer once. >> it's double-dipping. this is how wrong president obama is. if it's only a few thousand families, so why should you care? if it is only 5,000 families, why should you c