business people is even higher than the rate corporations pay. so we definitely need to bring these rates down if we're going to be competitive internationally. >> matt, the tax foundation which advocates lower tax rates says that the cost of trump's cuts could easily total more than $7 trillion over the next decade. >> depends on what happens to the deductions. >> i'm glad matt brought up question of the deductions. we aren't flying blind here. ever since bowles and simpson made the big push for tax reform in 2010, we've been studying all different types of tax plans. we have a pretty good idea of what are the possibilities on deductions. mr. trump has taken the chair ability deduction and the mortgage interest deduction off of the table. so there really are not -- once you take those off the table, there really aren't a lot of deductions and tax breaks left to make up the difference. in fact, even for the romney plan which was much less generous, it was very, very