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The President Obama he's heading to Martha's Vineyard of vacation now all this the tenth he heads out that.
Staying at a magnate Tony results I'm only available to the -- wealthy and he's not going along.
75 rooms reserved for his staff his trip coming justice federal Fuller whose -- to take effect former Clinton pollster Doug Allen help.
I wanna get to corporate profits the taxation -- their -- look at the festival.
When you in the Clinton White House this what did you do before the president went on vacation.
Well we've tried to figure out where he could go would send the best possible message and we suggested.
Martha's Vineyard particularly during an election year 1996.
Was not the right place to go I think.
He went out to Wyoming or Montana if my memory serves and didn't go camping -- we went camping and it was a very rustic vacate.
What do you make of the president from Obama go to -- rich varied Tony often well he was there last year I would.
Remember when I was there a week after though he didn't call me.
And I'm not waiting for a call this summer.
You go to law has been absolutely have to -- -- -- pretty -- -- -- familiar with this totally result of the president's -- of course Stewart used that.
Not yet but I'm Villanova -- still a Democrat.
Let up but here's the thing what.
A couple of -- sources bottlers were complaining about was that.
Valerie Jarrett came to a dinner party for six with six it's Secret Service people and you know Martha's vineyards of pretty secure place it's hard to see why the president and -- senior policy advisor needed six so security people on Martha's been.
Suffice to decided if -- still in the White House who would not advise President Obama go to Martha's Vineyard correct okay.
Now we've got this suggestion that today to speak to Amazon he's gonna say corporate profits no matter whether emanate right no matter whether money is tax them.
We're gonna take -- -- in return will Lola corporate.
Tax rates this seems to me to be big news yeah it is big news I think as you were saying before it's the first time he's proposed a tax.
Cut and a -- -- -- the said it will mean more revenue now you can.
Object to what he wants to do with it as many Republicans would he -- that.
Spend on infrastructure and Community Colleges but the fact that he is at least extending an olive branch to the Republicans.
When the form of tax cuts and -- offering a disincentive to keep money overseas I think that's -- -- -- -- that's an opening gambit yes negotiation tool is some kind of new economic policy I think that's right now in fairness.
With Harry Reid the democratic leader in the senate talking about personal rights and saying.
Unless they continue to go up and raise three trillion dollars he's not doing tax reform.
Well that's pretty much of a downer that's very discouraging but the president's speech today has to be seen as a small step in the right correct.
Well -- I IC is to -- -- where one negative long may be a plus the negative is that for the first time apple would -- attacks overseas corporate profits by American corporations never done that before the right knowledge.
Now we're gonna do it.
And this is good you low all corporate tax heart rates did you say they talk with maybe down -- put him.
I think it's 28 that's what I read I think that's a step in the right direction could you imagine if the Obama administration were willing to consider.
It's sort of -- -- flat tax where the highest marginal rate was 28 -- and say eighteen.
In exchange for eliminating the vast majority of deductions those that would be very very good news.
Hopefully we're moving in that direction.
Hopefully hopefully -- dream ball well but you know post springs eternal -- -- is a recent movie hope springs I have not to -- I thought well.
But I'm not on Martha's Vineyard vindictive -- figure much -- Go to my cup of -- he'll be at the top of the -- we talk about president Obama's.
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