. >> tom: and finally martin feld stein. >> and 2011, why marlty today? >> well, for fourlt years, he's been a deficit hawk for 40 years. and concerned about forming policy, and studying the effects of government spending as an academic in the reagan white house, and studying the effects of the government budget and the downside of that. some of these issue that is come to the fore, and marty feldman is right in the thick of it. it's a conservative reagan and considers himself a core republican. the trick is whether he can get a hearing from fellow republicans and his ideas on tax policy at the moment are getting a better hear for example democrats. >> tom: his ideas have been there for 40 years, but the politics have changed significantly. >> moving on beyond that, >> tom: our guest is rob deiterich with bloomberg market magazine. >> susie: here's what we're watching for tomorrow: as we mentioned, federal reserve officials release their interest rate decision. we'll also see the august reports for existing home sales and weekly mortgage applications. hil

martin feld stein served as chairman of the white house council of economic advisors in the reagan administration written more than 300 research articles in the field of economics, founded the national bureau of economic research and is currently a professor at harvard. john ingler, three-term governor of michigan, president of the business round table. he was president and c.e.o. of the national association of manufacturers. and edward kleinbar, chief of staff of the joint committee of taxation from 2007 to 2009. he has 20 years of experience practicing tax law in new york and is currently the professor of law at the university of southern california. it's an extraordinary panel. thank you for honoring us with your presence. senator crepo. >> thank you, mr. chairman. i appreciate your holding this hearing as well. i want to focus at the outset on one of your early comments that as any part of the important needed changes we need to be making in america today with regard to economic and fiscal policy, tax reform is one of the key pieces that we must not allow to be ignored. as you know, i've been