>> things we're just going to have to accept. jenna: i apologize for cutting you off. we only have about 30 seconds and this issue of debt and tax reform is something you've talked a lot about. i was just curious, do you see higher taxes on the rise for all americans as a way to deal with our deficit? >> i don't think higher tax rates would be good. i do believe that tax reform that would eliminate some of the deductions, credits, exclusions, loopholes would be healthy, would make the country more competitive combined with actual reductions in rates. we know from the commission, the debt commission, that that could generate more revenue that could be used to reduce the deficit and, again, bring down rates to make america more competitive. so i don't think raising rates is the answer. jenna: senator conrad, so good of you to join us on a busy day. a vote could happen anytime this afternoon, sir. thank you for joining us on "happening now". >> you pet. jon: i am not in a hedge fund, but i'm told if you invest in