Bill Clinton: “First of all, let's just take somebody's running a family restaurant and they make $20,000 a year. The following things…”

“First of all, let's just take somebody's running a family restaurant and they make $20,000 a year. The following things will happen to them: First of all, they'll be capped at 3.5. Secondly, their expensing provision of the Tax Code went from $10,000 to $17,500. Thirdly, they're going to get a tax cut under the new tax bill because their family's working for a living and because of their low income. So those folks are going to do fine. The people that I'm concerned about here are people who have--people like him, say people who net between $50,000 and $100,000 income, have more than 50 employees, and aren't eligible for the cap the way the bill's now drawn. Anybody who is under 50 employees with anything like in the wage range we're talking about, I think will probably recover between the caps and the expensing provision, will probably be able to manage through this okay in the early years. The people that I'm most worried about are the people in the category of this gentleman here who spoke.”