do you have a question for grover norquist? caller: not so much a question, but i would like to congratulate him and his fellow republicans for winning the class war. ronald reagan gave the wealthiest americans and corporations the biggest tax cut in the history of the united states. on the premise that, well, if they have all these tax cuts, they will create jobs. well, we had one of the biggest deficits under reagan, one of the biggest recessions in 1983. so much for triple-down economic theory. host: we will get a response. guest: tim, a couple of things. first of all, when we reduced marginal tax rates, the reagan tax cuts, it was parallel to the kennedy tax cuts. kennedy had tax cuts of 22% across the board at all tax rate. ronald reagan's was 25% across the board on all rates. so if you want to make a partisan point, ragan's tax reduction looked very -- was parallel to the one that john f. kennedy performed. second, there was tremendous job creation. you talk about the recession of 1983. that may be the democratic party's

also, grover norquist on the economy, and the state department's acting inspector general of the costerating the u.s. embassy in iraq. also, u.s. policy in afghanistan with a senior fellow at the center for american progress. "washington journal" begins live at the 7:00 a.m.. later a look at the economic impact of obesity. we will have to live here on c- span at kennecott 55 eastern. -- at 10:55 eastern. >> tomorrow, u.s. relations with china. they will be joined by their chinese counterparts to discuss ongoing challenges and opportunities for the two countries. that is live at 9:00 a.m. eastern on c-span2. u.s. relations with outages here and the muslim world. the speakers are the -- live coverage begins at 12:15. >> have a c-span funded? >> publicly funded. >> donations? i have no idea. >> suspended its funding through the taxes. >> federal funding. >> how c-span funded? america's cable companies created c-span as a public service, a private business initiative, n

also, grover norquist, president of americans for tax reform, on the economy and the state department's acting inspector general on the cost of

also grover norquist and the state department's acting inspector general on the cost of operating the u.s. embassy and iraq. also u.s. policy in afghanistan with the senior fellow for peace center for american progress. "washington journal" begins live at 7:00 a.m. eastern on c-span. the centers for disease control and prevention is releasing a new report and we will have that live here on c-span at 10:55 a.m. eastern. >> how is c-span funded? >> publicly funded. >> detonations, maybe. i have no idea. >> the government. >> maybe, i do not know. >> how is c-span funded? america's cable companies created c-span as a public service, a private business.

also, grover norquist and harry geisel. also, u.s. policy in afghanistan with a senior fellow with the center for american progress. washington journal begins live at 7:00 a.m. eastern. later, a look at the economic impact of obesity. the centers for disease control and prevention will be live here on c-span at 10:55 a.m. eastern. >> how is c-span funded? >> publicly funded. >> donations may be? i have no idea. >> government? >> c-span's gets its funding through the taxes. >> source of a public funding thing -- c-span gets its funding. >> america's cable companies created c-span as a public service, a private business initiative, no government m&a, no government money. -- no government m&a. >> earlier today, sarah palin stepped down. earlier this month, she announced her intention to resign, citing ethics complaints filed against her and personal attacks against her family. just a short while ago, she transferred power to be a lieutenant governor sean parnell. here is that ceremony courtesy of playstation in anchorage. >> one thing yo

do you have a question for grover norquist? caller: not so much a question, but i would like to congratulate him and his fellow republicans for winning the class war. ronald reagan gave the wealthiest americans and corporations the biggest tax cut in the history of the united states. on the premise that, well, if they have all these tax cuts, they will create jobs. well, we had one of the biggest deficits under reagan, one of the biggest recessions in 1983. so much for triple-down economic theory. host: we will get a response. guest: tim, a couple of things. first of all, when we reduced marginal tax rates, the reagan tax cuts, it was parallel to the kennedy tax cuts. kennedy had tax cuts of 22% across the board at all tax rate. ronald reagan's was 25% across the board on all rates. so if you want to make a partisan point, ragan's tax reduction looked very -- was parallel to the one that john f. kennedy performed. second, there was tremendous job creation. you talk about the recession of 1983. that may be the democratic party's

we made an effort to get bush 41 on the right side of the tax issue, that grover norquist no tax increase, which under extreme pressure and over the objections of the ovp, we persuaded vice president bush to sign that in 1987. that was a fight. the good news is we thought we created campaign promises, i was from ideological wing from inside the campaign i don't think we would have gotten him nominated against jack kemp, and bob dole who had the moderate establishment. we would not have gotten through. the problem is that when you have the situation like that, where he is nominated, and then the general election campaign was much more the true george h. w. bush, a thousand points of light, kinder and gentler, we had a program called -- which never even had a policy paper behind it. it became points of life -- points of light, then you get to the white house. this is where i believe that the bush 41 white house was tested to anticipate professor jacobs very smart book a decade or so ago, politicians don't pander. when they get in, they say what do i really think and what ought to be done. n

. >> >> on tomorrow's washington journal, matthew lee on foreign policy, also, grover norquist, the president of americans for tax reform and inspector general. also, u.s. policy in afghanistan with larry korb. washington journal begins live at 7:00 a.m. eastern. later, a look at the economic impact of obesity. the center for disease control and prevention released a report and we will have to live here on c-span at 1055 eastern. >> now, a senate hearing on regulating large financial firms. it witnesses include the vice chairman of the federal reserve. chris dodd of connecticut chairs this 40 minute portion in the senate banking committee. " i am going to go ahead and introduce our panel, even though there in the midst of still being seated. bentsen reinhart has spent more than two decades working on domestic and international aspects of modern policy. he has served in a variety of positions. thank you for being here. peter stevens has served of president of the institute since june of 2004. his career has included buried -- has include various roles. mr. stevens, thank you for being here as