For policy makers interested in using tax policy to stimulate investments or especially to smooth business cycle fluctuations, the results are not promising.

If a lobbyist sets up shop, or a lawyer, in which they're receiving income through what is something like a tax loophole so that it's not counting as corporate income, that is what this is counting as a small business.

I don't believe, the president doesn't believe, that the high income tax cuts work, period. I don't think the evidence supports that.

In this country, we have partnerships, we have S corps, we have LLCs, we have a series of entities that do not pay corporate income tax.

The president is 100 percent for extending the tax cuts for 98.7 percent of small businesses.

The data does not support that high-income tax cuts are the main drivers of growth, so I don't think that uncertainty over what the tax rate will be for someone that makes a million dollars a year has that big an impact on the economic growth rate in the country.