as albert brooks recently said, complexity is itself a subsidy. it is a subsidy for the wrong kinds of things. our tax code actively punishes people for getting married and having children and doing all kinds of things that we generally regard is good that we generally should not be punishing through our tax code or otherwise. on the individual side, we have come up with a two-rate system. going from seven to two is not simple. under this new framework the overwhelming majority of all americans, about 80% would pay under -- one flat rate of 15%. subject to deductions, one for morgan -- mortgage interest and the other for charitable contributions and all others who would pay at a rate of 35%. these rates begin, the higher rate begins at $75,000 for a single file or or $150,000 for married couple filing jointly. on the individual side, we have added a child tax credit, a new child tax credit of 2500 dollars per child per year. this is there to get rid of the parent tax penalty. we are familiar with the marriage tax penalty. that is a very -- an obvi