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-- we got to go back down to DC right now because -- talk about tax reform there on the show and really on the channel all over the place.
We need tax reform.
Promised seems to me at least nobody nobody's doing it right nobody wants to put their foot down and say you know throw the book out maybe I'm wrong.
Christian days with a -- as senior policy analyst at The Heritage Foundation.
-- -- didn't -- to -- with us today.
No problem to be here so what's -- thought because -- -- the way I see it is we're -- on this thing that it you know -- we keep trying to.
Make -- quick fixes and at the end.
We had -- Start over.
Yet that's right we do need are from star for scrap.
You read -- our task of from the bottom up we do you see a lot of plans ever out there and you know it's good news that there are tax from his plans out there.
There's tax reform plans in congress -- tax reform plans -- put forward by -- presidential candidates Netscape news the more plans to better it raises the temperature for reform.
It points out the relative weaknesses and strengths of the respective plans and it makes it more likely will get tax form in the end.
But we have to keep in mind that we can't just nickel and dime a task -- -- -- is we do have a certain scratched.
So what do we do because -- even I don't know the exact good is a political -- -- favors.
And the lobbyists and the politicians love this thing because they can sneak something in to get to -- for their constituents at home to know want to get rid of.
Well known Washington want to hear it right in the face date date -- -- that's a fair there are people who want to get rid of the -- code but it makes it really hardly have all these special interest that.
Our syllable hole into the current -- have so much at stake.
But they're not that they're not willing to see the task -- go away it certainly does make it more difficult but I it would it takes it takes a bipartisan effort it takes it.
Congress it in the White House it to everyone working towards the same goal.
Which is ultimately.
Our forecast -- has lower marginal rates but doesn't have -- investing.
Does not encourage nor discourage certain economic activities and doesn't raise any more revenue -- the current tax as the that's what all tax reform plan should be starting for those four goals.
-- do that I mean at the gold reform should be showing our economy I get that right shouldn't hinder us it should help us.
But then the other on the Republican side they would say that means keeping rates low.
Let and that's an important goal attacks from but it's not the only want you have to get the base right you have to get what you're -- right for.
So it's it's a little bit is putting up good the cart before the horse when we say the first step doesn't wanna get the marginal tax are down -- -- 25%.
That's given all but why donation -- for that we can get even lower but with let's worry about what's worry about that secondary let's get the base right because when you get the base rate then.
Did you more about the rate because the big what determines how much we tax.
Economic to simulate saving investing and risk taking and that that matters as much as the rate.
So let me ask you are you in favor of a flat tax.
I'm I'm a -- and here's a favor of it and any tax reform effort that.
Does those four things I talked about earlier reflect -- -- -- that but you can achieve those singles with any number of different has -- plans.
What's what's important is that we get a informed pass -- because our current task orders so.
A punitive it's so it's its attention it's a shall wait our economy.
So we need it we need to reform but how we get there's less important -- we do have that those ultimate goals are reached.
But how we get there and I think is really important on so many levels because you need somebody to spearhead this.
And you need people to listen you know we have Paul -- trial one point we had since symbols at one point trying to all got shot down hill kinda -- You know they kind of person aside because they don't want to hear it maybe it's because they don't understand it.
Well it's again it's very good there's all -- have plans out there because we can look at the relative strengths and weaknesses of them all.
The Simpson Bowles plan to -- example.
It sounds really gonna surface but it's scrap all.
All credits and deductions and exemptions when it.
When you haven't come to some of those are very just the are justified like a charitable exempt a deduction if you if you earn money and give it to a charity you shouldn't pay tax on it.
So that was a little bit of blood type task form -- -- we could cobble something a better a better system.
Then just get -- scraping everything.
Because you don't think through what they did deductions that you do want to code because it was something worse at the end even if it even if you do -- and that's greatly reformed.
No one harmony says it's you know we can't do that now we have to do some quick fix is in we'll get to that eventually down the road but you know laugh -- -- could you just.
Why don't have to keep bringing up my guess is my question why do we have to say -- after the election -- reform the code but prior to the election let's do these quick fixes.
Well unfortunately in the reason is there isn't one person -- -- spearhead the effort you really need.
Leadership from the presidential level we need a president who's out there spearheading the effort -- talking about it pretty out.
His or her own clan and President Obama hasn't wanted to do daddy's wanna talk about tax form but He had -- doesn't plan He isn't champion foreign -- And there's another big obstacle.
-- from my house is that they want to use tax reform as a way to raise taxes one and a fundamental hundreds of tax form is.
That it's not used to raise taxes it's about economic efficiency.
-- it seems to me like we're a long way off from the speakers.
Well you know I think if you look back in 1986 that was always impossible until it the second it was signed by President Reagan so.
This thing is always gonna be impossible until it finally happens.
And you don't know we don't know what forces will come together do you actually -- going.
Of course I don't think it's gonna be there at the super commend your over the calling it the first report a few weeks -- -- enough time to put together.
Comprehensive -- -- in that window of a hopefully to -- coming in you know the next six months or so.
Yes the -- they were set up to fell as far as that goes because there what you right there is no time.
I know we have a full screen of your tips and tax reform needs in order to stay focused.
And I and I think you're right I think the goal should be to strengthen the economy not hinder it.
And unfortunately I think much of our tax could bring out hinders economic growth but your point and we don't have a leader on this project it's not gone anywhere.
Well you know there are some efforts in congress chairman Paul Ryan chairman Dave Camp and are trying to you get cash from going -- how.
Ron white and organ -- a Democrat.
Judd Gregg of New Hampshire they put together a -- from -- now Judd Gregg is out of the senate and his partisan taken over by.
I Dan Coats from Indiana that there are plans out there.
I just in it in I think we are seeing movement towards has -- If we weren't we would see every every presidential candidate putting out their own plan.
The F finally -- -- you wonder if that's because Herman Cain came out.
God is -- would that 999 plan Chris today senior policy analyst there is foundation thank you please come back I want to talk about this.
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