personal taxes if that is the right way to say that, they are getting a raw deal here, explain the difference between the corporate tax rate and what small businesses are going through. i support reducing the corporate tax rate to 20%. this is important to make sure american businesses are competitive. for americans to win creates more job to raise wages so this tax plan will put more dollars through lower taxes but increase wages through the economy by making american business more competitive. explain what you have done with the small business tax rate, how you made that better for small businesses. on the small business side, they pay the top individual rate at 39%.
that doesn t contribute to growth. maria: that s $650 billion. they could take that money and give relief to everybody across-the-board but particularly in the upper income levels that actually create jobs , create growth. you could see some concessions to ron johnson on the small business side but let s remember too, the nfib, which represents small businesses, is for this tax plan, so when ron johnson says he wants carve outs it s not just for the small businesses. you have companies like cargill also passthroughs 150,000 employees and $2 billion in net earnings. maria: and that s pass through. mary: that s a pass through so there are things that can be done so i think you can pick off guys like ron johnson, susan collins might be more difficult but you know we ll see. they have to get this done. they re going to pay next year. maria: they don t have a lot of wiggle room. ed: you have to get it down to two or three as opposed to seven. maria: let me switch gears look at
wasn t with healthcare reform earlier in the year but look maria. the three major objections just don t hold water, if you care about deficits well you aren t going to pass the entitlement reform so you have to get growth you care about healthcare reform fine. repeal the individual mandate, let s start down that path. you care about small businesses, fine. take that healthcare money, use it to lower rates on the individual side. none of these objections hold water and i think ed s right. i think look, it will be a tough slog, but there s deals to be done. the critical thing is this is the president s priority he has to get this through. all the rest of the stuff he s done so when he comes back to thanksgiving he has to get up on the details, know what he s selling, go to the country not just places that were favorable to him go to the country and convince people that this is beneficial. this has been a president whose been as good to business as anybody in the history of this country
wow! nice outfit. when i grow up, i m going to mars. we re working on that. some people know how far they want to go. a personalized financial strategy can help you get them there. see how access to j.p. morgan investment expertise can help you. chase. make more of what s yours. maria: ed rollins mary kissel talking about taxes and mary you mentioned you also think it will be different when they get together in conference, the house bill and the senate bill. what do you think could be changed? mary: well look maria i think they could bring the top individual rate down so that the individual side here actually contributes to growth. darrel issa earlier on this program complained all the growth was on the business side. maria: that s true. it s absolutely true. the child tax credit that is the ivanka trump memorial welfare program.
mortgage and bankers. on the top line of the bill there s no question about it a major cut on the corporate side of things, dropping things from 35 to 20%. the small business side of things, having the rate go from 39.6% to 29%. there is a reason they re doing that and a reason that $1 trillion of the tax cuts here are towards corporations and how republicans sell that is probably going to decide whether or not this actually moves through on the individual side of things, kate. let me just jump in one second. we are going to get back to taxes. breaking news i have to jump to. phil, thank you so much. this is cnn breaking news. this is just coming into cnn right now. a judge has reached a decision in the sentencing faze of the case against bowe bergdahl. of course the army sergeant who pleaded guilty last month to desertion and misbehavior before the enemy. bergdahl deserted his post in afghanistan in 2009. he was captured by the taliban a short time later. he was held for five ye