role but this report goes much deeper. >> let me ask you about the consumer. if people are spending a lot. that helps a lot with expanding the economy democrat have wanted to raise the minimum wage. if you raise the minimum wage, people are making more money and spending more. of course employers are paying more. what's your view on the minimum wage impact on consumer spending? >> it would be absolutely disastrous. your typical -- let's say your typical household 49%, 50% of people making minimum wage are teenagers. they live in a household with a combined income of 70 thowrges. 23 or 4 people in a house have a job. you take one of those people out, and that extra income will not make up the difference. that's on the consumer side. the small business side, which generates all of our job, the majority of our job growth, they can't continue, so now you have hurt them. have you hurt the root of our economy. once you hurt that then you get nothing right. how about this scenario? how about we lower corporate taxes? how about we remove some of the regulations so that businesses can keep more of the money they have and