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Overwhelmingly our viewers wanted to know what you think about flat tax.
I think and the the approach it.
A flat tax.
The assumption by a flat tax is meritorious why because it's rooted in simplicity if people want simpler system.
Fed up with what we -- They think the other guys getting a break that there are not sort of pure flat taxes you're flat tax -- the practical result.
Critics of winners and losers under pure flat tax if one were raised segment -- industries today -- -- government.
Corporate income taxpayers will get the breaks.
Those -- little or who planned to pay taxes the goal here is there's -- move.
Toward a system where there fewer brackets -- currently.
One maybe 20.
But it certainly if you're there -- have simplicity.
Rather base tolerates or simplicity -- court.
Clearly flatter fair those -- the goals that we're trying to reach and ultimately -- -- -- practical.
-- it it's difficult to have one rate because.
Certainly that is fair he's an income levels and we have a progressive tax system and I think for most Americans I think they would agree that that's an appropriate.
Texas and -- half but the reason that.
Flat tax is it's.
Viewed very favorably because it is simple as -- said and we want to try to simplify and that's legal and that.
It's -- this talk to a bit off topic here of Janet Yellen vs Larry Summers.
I've noticed and and so -- are you are you supportive of the Janet -- efforts over Larry Summers -- do you have an opinion on on who would you rather see is that this.
It is a very important decisions presence made.
It's just expect that -- strong support -- -- decision.
Because we need confidence in the financial markets do you think they're both good candidate I I think they're both good candidates and I think it's very important that the process.
The slash and resulted that confidence just -- a personal note and if you become closer as as this has gone on and did you consider yourselves.
Friends in this.
Well we have for a long time.
Haven parks so we call each other up and talk about stuff that's -- -- related to tax reform is so and so forth.
-- -- Well we -- weekly.
And we make that regularly and -- and we talked.
Outside of those as well because -- there's a lot of business it comes before ways and means and finance that we've gone past that where else talk about our families and things are -- as well so yeah I think we have become closer friends throughout this and you were the highest profile are bipartisan.
Team I I think I don't I can't think of anybody else is working on a bipartisan that addresses.
This list features we're distracted.
Question especially with CR dancing and -- Is this the catalyst in necessary catalyst to get tax reform done first and if you don't on its own and second is it appropriate to -- -- -- -- We you know it's hard to know -- -- -- -- those discussions but I've always had any avenue that will allow us to complete.
Fundamental tax reform.
-- -- -- So -- our debt limit if that's what it takes to get it done -- it's -- now.
Well personal I I think it's more appropriate that.
We've got to clean them.
Frankly I think -- Structures have been critique.
It's -- because we're probably missiles.
Having said that my magical protection from past and is very hard to predict what -- Right combination would be what the chemistry will be much what the pieces will be what that even the shape -- the pieces.
Our rent for a couple more months there will be -- that's the question.
Well I think it's true -- we don't know how -- that's gonna play out.
Typically do woman has had policy attached to it and I think we're gonna.
-- discussion and debate that we'll we'll get there and it's hard to know exactly when because treasury has on the information we think now it's early November.
It's not clear exactly when which can do without the catalyst as we do tax reform I think we should -- I think we can and I think it's and frankly.
Over time I think former members of congress and saying -- is a good thing to do.
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