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Well we're here at square in San Francisco with that chairman Max Baucus chairman Dave Camp thank you very much for joining us this afternoon.
Did you anticipate a statement of support for each other when you come out with your chance we're -- Working for -- angles.
-- this simple the case throughout the course much worse wanna make American companies that much more competitive.
Most of the major learn in ovals we're we're all agreements.
Each slice -- there's -- bill.
And I think this would.
House passes this -- in -- captain -- has this committee.
That -- him an opportunity for me and others say good work on the right track and frankly I expect us and we come up.
We do have similar benchmarks and obviously you know economic growth jobs higher wages those are all -- -- factor -- simplicity and and growth.
Making sure competitive and that's the approach that -- contained both.
And those of -- and.
And -- point here is to create jobs.
We just want help create more jobs than it's very competitive world and unemployment rate US citizens to a time when -- that unemployment rate.
And the more we can just help businesses.
And help individuals.
That do what they want to do that is.
Do stuff that products sell stuff.
And while they're paying their brokerage -- taxes the better.
But it's all that -- -- this comes down to jobs and growth and that's the -- How in the world do you get beyond the revenue question on the one -- either they're Democrats in the senate calling for.
A trillion dollars over ten years Republicans are in the neighborhood of zero dollars over ten years and additional revenue because of tax reform.
Is there a reasonable revenue number whether it be a -- down or whether it be over the -- your score.
We will solve that I think there will be some revenue.
-- I talked and democratic leadership.
Indeed revenue -- -- and then come talk to them well if you trillion I can't give a number I don't think you'll be that I.
But I can't get the number but I do you think he'll be some revenue because it has -- -- -- -- There's certainly will be revenue from economic growth what's that we're going to have a score of this bill from the joint committee on taxation will tell us whether we do that and I think at this point.
What we're trying to do is get the policies -- obviously in the house this afternoon more -- not -- that we think is necessary but I think the real focus of both that this is.
Get the policy right for those reasons we mentioned simplicity.
In some making sure competitive economic growth jobs wages those things are really what we need to address will address those other issues as we move.
And it is added that I think frankly that is as important revenue is it's not -- -- -- -- -- stick it -- hours.
I say that because.
As we move ahead.
With the foreign -- bodies and through market.
-- -- -- There's going to be a sense that ability to distribute sense that paid -- -- the -- as you get tipping point.
We're senators and house members -- -- themselves port on the part of this because we're going to be lowered taxes review current rates and that's a good thing.
So they -- be part of this once that happens then them.
It's easier to work out about issues which earlier seemed to be that difficult and revenues one of those I don't -- -- -- -- typical Sunday.
Hello and we go 25% to low I remember I can't get hurt nobody -- its earliest which -- can't you even numbered fine.
Well I have because I think you need to have a goal.
So the goal is how can we get rates as low as possible and will do that by closing off.
Some of the fourth thousands of innocent parties not a -- it will Willet 25% -- -- working there certainly might discussion draft and internationals -- when he signed my small business draft decisions when he -- then I'm listening and as I move forward on this whole process.
There were proposals floated during the presidential campaign cap on deductions instead of clearing out the preferences you would instead -- lower rates from there.
-- that's on a simpler it's actually more complicated have you ruled that out as a cap on deductions something that that you don't believe is the way to go.
It's not been my preference that we have been very careful not to make declared statements about what the whole thing they look like because.
In the committee's gonna be involved and numbers are going to be involved in this because what we found is if two or three people get together and throw something out there generally doesn't move very -- Trying to build that political consensus and policy consensus to actually be successful here.
At a very good point because.
This will work the more there's agreement from where this consensus all the way to find out is talk.
Other members of the committee about the -- provisions and find out where that consensus is.
-- otherwise we're just and have up to clap and don't forget to.
And protection from -- very comfort -- controversy.
President Reagan's or congress and on and on -- like 86 does this feel like 1986 it's it's it's similar in the sense that.
There's a real need for four back then there is -- Today there's and -- similar momentum do you believe behind and I think it's gonna it started to develop -- we'll start.
Reach that tipping point.
We move away from -- my -- this stuff over to America.
-- -- -- -- I think clearly the complexity resonates -- every American and 90% higher prepares or buy software small businesses the same thing.
So there is a real desire to to do something in the sense that you know.
The other guys get a better deal because they either have access to -- the expertise to know what to do.
And so that is I think -- really troubling aspect that many people want fair.
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