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Breaking Down Romney's Tax Reform

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    Former Rep. Phil English (R-PA) on Mitt Romney's tax reform plan and the 2012 elections.

  • Duration 3:35
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Now we've been talking throughout the hour about the super committee in the fact that they're beating now.

-- tax reform's -- be a big part you'd think of those discussions also been a hot topic on the campaign trail with presidential.

A candidates but what wouldn't really look like what will tax reform really look like that happens Phil English former congressman from Pennsylvania.

-- of these days aren't fox he joins us right now congressman English good to have you back on that the show.

You're you're having them -- Romney supporter right in the campaign yes.

What would.

You know he's got 59 points -- McCain it's 999 we know and it's and it's a flat tax -- Perry but Romney's outline the whole thing you gotta.

Really reading and what would tax reform for Romney look like it seems like the current system just tweak around the edges or is -- more than that.

I I think -- is made very clear he is committed to.

Fundamental tax reform and he's laid out several particulars.

Including getting rid of the death tax and and reforming capital gains taxes.

I'll what Romney has not done is lay out and the kind of detailed proposal.

That frankly at this stage of the game would be unrealistic.

I think what he has done is more like what Ronald Reagan laid out during the 1980s.

And that is a process and a commitment to move forward.

To simplify the code to produce something that's much more pro growth and internationally competitive.

And provides the real relief to working for him do you think a flat tax is a good idea in theory are you supportive.

That kind of above.

I don't think that a flat tax per say is necessarily what we need out of the tax code you could design a flat tax.

Who would be a huge improvement on current law.

But for me the complexity of the tax code that needs to be fixed has -- to do with the bases and with the incentives.

And it does -- having multiple re so my in an ideal world I would have a flat tax and then the seventh day of creation.

I'd have a flat tax but I don't think a flat tax today is necessarily going to be that fees.

So what about then what Simpson -- already proposed and there -- deficit commission which did take on tax reform.

You've done a lot of -- about it seems to be able bait and tackle a lot of these issues and everybody ignored them should we just go back to that call today are now.

Now what Simpson Bowles -- I I think laid some important ground work but -- core.

We need to realize Simpson Bowles close tax loopholes but -- generate more revenue out of what is essentially the current system.

They suggested some changes having to do with territory Alan B -- support that.

I support the kind of tax reform that would use revenue generated from closing loopholes to bring rates down stimulate.

Growth final thing are Republicans boxing themselves is -- too much of a quarter.

By eight yes siding with -- or signing their Grover Norquist pledge saying we're not gonna raise taxes no matter what -- you talked about higher revenue couple times during this interview.

No I I will tell you I think Pat Toomey the former head of the Club for Growth.

What -- you made it very clear by putting forward a positive revenue proposal.

That conservatives can be for generating more revenue.

Provided that we do it in a realistic way which means moving toward the kind of tax reform that's gonna generate more revenues over time.

By helping the economy.

-- we'll keep you up to -- throughout the day on the on the super committee being -- former congressman Phil English thanks for joining us appreciate it.

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