they're worried about taxmageddon. it's going to get worse.to get worse because taxmageddon is getting closer. the president is perfectly content for them to all wait until after the election. of course they're nervous. they're going to get more nervous. >> the budget office says we're expecting a recession next year because of this. >> right. i mean, dean, let's face it, are you going to hire new work fers you don't know what your tax rates are going to be next year? are you going to hire new workers -- >> well, we're nonprofit, but i'm happy to hire. >> hypothetically speaking, why would anybody hire heads to the payroll when you have no idea -- >> you have a lot of evidence -- >> excuse me. >> go ahead and finish. >> why would anyone hire new jobs when they have no idea what their tax rates will be and no idea what agency will oversee them because the regulatory environment is still lacking clarity? >> far and away, the most important criteria for businesses and hiring people is the demand for labor. when they see demand for labor, they hir

we have taxmageddon coming down the pike.action from washington. >> let me get one point in, allison. >> just one more. third, we have a massive debt and deficit issue and business doesn't have to get to your point doesn't have confidence that washington will solve it. >> i have a point of agreement with you. >> euro ka. >> you will like this. the statutory tax rate is too high but what corporations pay puts us fourth from the bottom. this is the effective tax rate puts us in a competitive range. the difference has to go. we agree on this. >> right. >> i want to hear folks like you specify what tax increases you're behind. don't say broaden the base. tell me where you will raise taxes. i don't hear enough of it from conservatives like yourself. >> i will talk about the heritage foundation's flat tax where we get rid of our current tax system and replace it with a flat tax of 25 to 28% rate. it's a much different. >> somebody's paying more. >> some people pay more, some pay less. the rate is lower and the base is broadened. >>

wish you the best of luck in getting something didn't before we reach taxmageddon. >> absolutely. in a few moments.t a live shot at u.n. world headquarters in new york city. we'll bring you his remarks live ahead on "now." with the spark miles card from capital one, thor'souture the most wards oy l ness credit card. your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics, put it on my spark card. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve e most rewards! manner tharsi c fr capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] we create easy to use, powerful trading tools for all. look at these streaming charts th'rtotall d louua atight happen next. that's genius! stragies, chains, positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? open an account today and get a free 13-month e ibd™ subription optionsxpress by charles schwab.