"The question on future profits is how much and when."

"I think in the end you're going to have to deal with the reality of pressure on profits."

"For us, it will mean a lot of pressure on profits if we have to add staff to stay open late."

Limits would also be set on profits from private business.

The effective tax rate on corporate profits has been cut in half since the 1960's.

But his focus on profits made some television industry people nervous.

Executives can no longer focus only on profits, he said.

Taxes on companies' profits are also now far less than they used to be (down by over a third).

Most corporations pay a 35 percent tax on their profits.

When they do, they'll pay a 30 percent flip tax on the profits.