look at president coolidge, rornld reagan spurred the economy, when he lowered them, he later raised them, but to get the economy going, he lowered taxes. waart said they're hurt by lower income sales. a 2% payroll tax increase, the payroll tax cut was put in place. it hurts lower income. if you're in the upper middle class, if you're higher, it doesn't affect you at all. with high gas prices, lowest labor participation rate since the 1980s and the economy stagnant, it hurts consumers significantly, yes. >> it's not just lower economy because we saw macy's, nordstroms, they have to fire their piano player or something, this is really hitting everyone. >> it's simple, right? you tax me more, there's less money in my paycheck. that's the bottom line. that means they're less disposable income for me to go to nordstrom's and buy a pair of shoes. instead what i have has to go to pay my bills. taxes hurt, bottom line. they'll continue raising them, which means this economy is not going to get better. >> steve, you buy that? >> nope, it's completely i will logical. our greatest economic pro