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Dress we're joined by top CEO to tell us what the business community wants to hear from the president Safeco OT its chairman and CEO.
-- -- -- What do you want -- to hear from the president tonight what do you need to -- to satisfy all your concerns about the economy right now.
While there's a lot of concerns but I can say from.
An American perspective what I would like to see is an American competitiveness agenda.
-- world has gone from a billion active participants in the global economy twenty years or go to four billion today when you look at China -- in the air CI AF states -- others.
We still act like we did twenty years ago and we need an agenda that addresses our debt comes up with a -- -- energy policy addresses math and science education.
Infrastructure free trade including a more comprehensive and -- relationship with China air and tort reform.
Of all six of those I mean the big dog in the room is we have to address the debt.
And my concern is I don't see either party talking about it and it needs to get discussed during this election year.
Because try to do stuff like this after the election when you didn't talk about it before the election will be a real problem let's go for.
The macro which you just outlined very nicely to them to the -- growth -- -- the cost of regulations.
We had of course TransCanada getting getting word that there there project is gonna be put on the way if ever it's already cost -- one point nine.
Billion dollars satisfy regulators Boeing of course their battle with the with the NL RC with regard to what -- -- on AT&T.
-- battle with the FCC they assume that deal was gonna go through it didn't they had to pay four billion dollar kill -- All of these costs are leading a lot of -- to say that there is something close to a war on business mentality in Washington do you sense that.
Well I don't know that I would say there's a war but I would say.
I can easily commiserate with -- each of the companies with what they're dealing -- there.
I wanna make sure I get this debt point across well -- because this is a huge issue and -- -- -- see the press talking about as much as they should.
Because the debt is going to grow from ten trillion today to twenty to 25000000000010.
Years far in excess of GDP.
And all the stuff we talk about today -- regulation our health care anything else that'll be dwarfed by that debt problem.
If we don't talk about it now it's going to be a problem we ought to take Simpson bulls.
Put it into legislative language and -- to get people voting.
All right so you know you mentioned the debt that headline today is is tax reform we have rotten these tax returns.
Released you have the symbol of the 99% Buffett's secretary sitting with the First Lady tonight's state in the union.
So how do you advise how would you like to see our debt reined in spending cuts tax is a combination of both.
Well I think they yes Simpson Bowles proposal that I should disclose I was a member of that.
Team and voted for it I think we got it right as we said this about it eight to nine trillion dollar problem the next ten years.
Let's take a four trillion dollar bite out of it today -- that occurs over ten years.
Split a trillion in taxes three trillion in spending.
And on the tax side we -- rather than just play with the existing system.
Scrap the whole thing eliminate all of the deductions.
And just lower the rate for everybody and make the top -- the same for individuals for companies and for capital gains treatment.
And by the way make -- a territorial system so that companies can access their cash and that would I think that would unleash.
-- -- economic dynamism and people would ever be willing to give -- credit for.
Right by the way I'm holding it in my hand this is the moment of truth I always carry a copy -- me.
Of course the positive president commissioned the the committee and he ignored the report -- -- chairman SC -- honey -- good to see a thank you for being here.
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