 forget about selling may and go away right stock surging this month the major averages all on track for solid gains led by tech and smaller companies some good news there but will these gains really go away if Democrats get their way a bill just introduced aimed at repealing the GOP tax cuts should investors be worried about it let's ask market watchers Melissa Armo Dan Geltrude and Gary B Smith great to see all Gary starting with you I mean my goodness if you get no tax cuts or if they go away what happens you know to all those people who started spending a little bit more and feeling a little bit more optimistic about their future because they had a few more bucks in their pocket each week exactly Trish it's gonna be Obama 2.0 we just went through previous the Trump eight years of what I call the economic malaise there was no incentive out there because of all the regulations in the government spending everything ground to a halt people weren't optimistic all that change when Trump came into office not only cutting the regulation but as we're talking about right here cutting the taxes it gave people hope out there and now optimisms almost at an all-time high you can't you you take those tax cuts back and say hey we're the big government will spend your money as we see fit we're right back into that malaise I think politically speaking it's not the smartest thing to do Melissa only in that you know I don't care who you talk to most Americans would tell you you know they work pretty hard and they like to keep most of what they make yeah I have I have no idea why the Democrats are doing this first of all the tax law just past five months ago so doesn't make any sense to even think about repealing it but then again they wanted to impeach Trump the day after it was elected so I don't understand what they're doing but the market would not have a positive reaction to any change in this and the market has had a positive reaction since the tax plan was passed and the market has rallied we've had a strong rally this year in 2018 and expected to continue hopefully into 2019 so Dan what does that tell you about 2018 and you know if the Democrats are able to claim more seats then the current polls predict what happens to the market what happens to tax I think it would be bad business for the Democrats to the gain the majority and the first thing they do is to say listen we got to get rid of tax cuts it's very very simple raising taxes bad tax cuts good so I think that's basic math everybody understands if the Democrats go in a different direction I think they're gonna have a lot of problems yeah you know actually Steve Forbes gave my kids that he met him in the green room that kind of lesson and when he laughed at me said so remember taxes higher taxes good or bad and they were like bad mr. Ford is definitely bad but that's the reality right I mean we need the stimulus for the economy at the same time though Gary I understand when people say they're a little concerned that you know we're spending more than we have and we better get something we better get some GDP growth out of this this plan to lower taxes and and do you think we'll get it well you know I hope so but here's the kind of the that straw man fallacy in that argument it's not the government's responsibility to manage the economy they're like the I think of the government like your condo board but make the building safe you know make sure adjudicate disputes and then get out of the way the condo board doesn't say you know what you're not earning enough you should earn more really let's redistribute the income that's not the job of the government the job of the government is to build highways provide for our national defense be the judicial court the Supreme Court and that's it they keep on taking more and more responsibility which means look we need your money to spend again like I said what we see fit that's not the government's job let the people have their money the economy is going to go up and down stay out of it and then Melissa don't forget I mean what is that due to our competitiveness right as a nation we got the highest tax rates in the world that's right we they wanted this new plan that came out that they're gonna try to do something with I don't know Nancy Pelosi and Chuck Schumer want to do something where they increase now that corporate tax rates they just decrease them and you think about this they've already given some of that money and bonuses what are they gonna do if they change it that would be horrible the market would have a terrible reaction if they change anything with that and remember you maybe the tax plan has some tweaking to do we don't know but it's not these big big things and remember this we haven't even gone to full tax season no one has filed no individual has filed no corporation has filed yet you've got to give it at least a year I just take a little time you know it's gonna work its way to the economy and as a Dan and Steve Forbes say higher taxes bad lower taxes good that's the lesson of the day thank you so much it's great to see you guys happy Memorial Day all right you want your teenager working out and out of the house you might want to take that phone out of their hands my work more next