marginal e tax rate, tax rate. those people you think are idiots have done an awful lot in the country and i think are people. they recognize tax rate, tax rate corporate linked with international that is tax structure destructive. so, the woman who thinks money on the military always wasteful, i think to keep strong enough peep frel throwing a punch at us is necessary and useful of money k. money be wasted on any department of government? absolutely. i've been talking to senator waste about how to reduce and duplication in the pentagon to free up money for taxpayers necessary defense spending and i think you misunderstand trump's commitment, donald trump ran on the idea we wouldn't run a endless war and occupying and running other countries, big stifrngz he made running.r people so that is a different position than you are articulating and i made it clear he wants to minimize wars and them.tion, not engage in host: away from border adjustment, but anything you to -- guest: it is border adjustment. host: adjusting

corporate tax it border adjustable and destination-based tax and also simple find the tax code, dealing with overseas, so you don't have space erosion. having the border adjustable tax allows for a lot of other reforms. is both the overall tax cut and the capacity to reform. host: you wanted to reply. guest: a couple things are little unrealistic here. the actual taxes paid by u.s. companies averages 22%, so there's a gap between what is in a lot of what we collect. it really comes down to cost and benefits. they may still be worth doing. the border tax is a particularly expensive way of paying for these costs. if all the things grover wants in terms of corporate tax reform , may or may not be a good idea, but the border tax allows you way to pay for it because it's not actually that simple. you're going to have carveouts for various industries. you're going to have an exchange rate moved to compensate or else he will have retaliation from our trading partners, which is frankly not about us being wimpy but about us being hurt. there are a lot of somewhere ways you can raise the revenue

we are doing tax reform. tax reform is going to happen. you know why tax reform is going to happen? because it has to happen. america has the worst tax code in the industrialized world. it is killing economic growth. it is driving companies to become foreign companies. more and more and more are u.s. -- more u.s. companies are going to leave this country because of our tax laws or get bought by foreign companies and we will lose our employers. we will lose economic growth. this is essential to our economy. we will get tax reform get done. there will be a whole bunch of drama you will cover between now and then. >> the affordable care act has refundable tax credits. how is the refundable tax credit in the house g.o.p. plan different and why is that -- speaker ryan: the affordable care act, they called them refundable tax credits. they're subsidies and they are subsidies that say we will pay some people some money if you do what the government makes you do. that is not a tax credit. that is not freedom. a tax credit is you get the freedom to do what you want and buy what you need. and

tax policy. polls was for an increased increase tax on imported goods and the house republicans plan for house reform. from washington journal, it is just under an hour. are joined by president of americans for tax reform. he is joined by the president of the peterson institute for discussion on a key proposal and the republican tax reform effort. it is called a border of justice. or just a border tax. start us off by giving us a basic of how a border tax works and how republican leaders see this working. a littlethink it is complicated. almost every country in the world has something called a value added tax. the way the value added tax is the only taxes you at each stage you something. it automatically does not punish exporters versus importers, it lets you use the mystic stuff. the specific proposal being put brady, houseairman speaker brian and the things we are hearing from president trump is confused. it is not the same is attacks. it is biased against imports in would be a big adjustment t

tax?enerally think it's not going to be so helpful to consumers or to anybody. stuart: are you vigorously pounding the table against it, lobbying against it? >> i have so many things going on in my life, including each of the public policy that i'm here to talk about that's not my core issue, but i hope that's going to be amended or changed. but the economy-- >> i'm sorry, you're against it. >> yes. stuart: pretty clean cut answers on that one. >> yes. stuart: daniel hates it, am i putting words in your mouth? >> i don't think it's sound policy. stuart: i like your product, by the way. >> 100% of our products are made in the united states. stuart: oh. you didn't tell me that. >> 100% of our products are made in the united states. we import some ingredients. almonds are grown in california so substantially all of our products is sourced from and made in the united states. maria: i would just say to you, if you were to see a 20% border tax would that move you to raise prices 20%? >> no, i me

so i am proposing both property and income tax reform. property taxes are too high. between 2003 and 2013 property taxes have risen 137%. as cattle and crop prices decline it is important that assessments drop as well. taxes should correlate with income. this year we have a chance to achieve lasting, fair and structural reform by changing the way that we value ag land. it changes the methodology for assessing property value from a market based system. income potential is much more fair and will slow the growth of ag land evaluations. if this system were in place in 2017 it will reduce by $2.2 billion. income property tax is used in north dakota, kansas, iowa, wisconsin, illinois, indiana and ohio. this method is much more fair across ag states. which is why a number of producers suggested it to me. it gives plenty of time to prepare in the past nebraska is a by putting more money to the school aid formula. it has proved to be a failed policy additional spending, additional aid without spending restraint has only resulted in add digtsal spending and higher property ta

tax is all about, taxing our work and let's end this talk of tariffs, which is a massive tax on our work and productivity. >> rich, i agree that the smaller government is, the more freedom individuals have, so there's a human element besides the economic element. does it concern you that donald trump doesn't seem to be. he's talking about a bigger infrastructure plan, part of it private, but part of it invariably will lead to bigger government, won't it? >> well, the steve bannon wing of trump's administration is doing none of us any favors. it's bannon that's whispering in trump's ear about the border tax and you can imagine wal-mart is preparing a statement, attention customers, everything just went up 20%. i agree with john on these issues. >> sabrina, i call it trying to walk a dead dog. while some people may be whispering in trump's ear, he says he's not crazy about it, he says i don't love it, in trump speak he doesn't like it. >> that's the challenge right now, there's a policy concern and a political one and there's a lot of conservatives here in washington who are enthusias

lawmakers promised tax cuts will happen soon, intel ceo saying trump's lower tax agenda is a big reason why his company is investing $7 billion in the new arizona factory. trading around 10,000 jobs inside and outside intel. more proof that we need tax cuts now. charles gasperino, gerri willis, ben stein, kennedy is off this week. all right, charlie, do we need tax reform right now? >> i would say the sooner the better, particularly on corporate tax reform, which will, i think, be the immediate boost to jobs, although i like a tax cut and i think the more i spend and the more people like you spend and, definitely, the more ben spends, the better the economy. because he spends a lot. he's got a lot of money. when people with a lot of money spend a lot of money, that infuses the economy and i think we need corporate tax cutsment here is where the rubber meets the road. the president's going to have a plan and they're going to have a plan and then there's a competing plan called the infrastructure spending bill. and the wall. and how much of a tax cut can we have if we do both at the same

today we have the flat tax. fair tax the work has been done on tax low consumption tax. others, many other lawmakers. now, the third element has emerged which is a president willing to lead on tax reform and expend capital to make it done. i know this is difficult, but this is our once in a generation opportunity to do this and i'm absolutely convinced that a lot of hard work focused this year we can get this done. , thank you, very much. >> [applause] >> i just wanted to thank the chairman for taking time from what is an incredibly busy schedule on a friday but much more importantly, thank him for his leadership on maybe the most important transformational change in the history of our country on our business system. he and the speaker are really leading the charge. so thank you. [applause] sunday.r: in-depth will feature a live discussion with author and political commentator nick adams. taking your calls, tweets and facebook questions during the program. >> despite the cultural problems america may have right now, this is still by far and away the greatest country in t

tax policy or not.about a point and a half. nasdaq looking to open slightly down

tax. can i get a chair for that? no, you don't cheer for that. i asked the wrong question. >> [laughter] >> the 16th amendment is simple. it is just 30 words. congress shall have the power to collect taxes on incomes among the several states without regard to the census or enumeration. it is amazing to think what has come about from those simple 30 words. from those words we have the highest corporate income tax rate in the developed world. from those 30 words we have a tax system that puts made america products at a tax disadvantage in the united states and around the world. we have a tax code that favors foreign products over u.s. products and chases american jobs in manufacturing and research overseas. from the 30 words we have a tax code so complicated that according to the tax foundation of american businesses and families, they spend more than a combined 6 billion hours and $30 billion to file their taxes. from those 30 words we can all understand what will rogers meant when he said

this plan eliminates the most regressive tax on the books today, the state sales tax on groceries.[applause] >> this will benefit all oklahomans, eliminating the state sales tax on groceries is expected to result in an annual savings somewhere between $350 to $676 for a family of four.it also gets rid of one of the most volatile sources of revenue, the corporate income tax. [applause] it will work to reduce the paperwork and red tape burden of many small businesses in our state and boosts economic development. this tax provides more transparency and it also eliminates the need for this legislature to pick winners and losers space and specific tax credit. third, sales tax modernization. from any decade, when the legislature first publication, excuse me. contemplated the sales tax laws to reduce revenues, we did complicated too, by the way. >> an outdated system that has not changed much since its inception. this allows us to eliminate the state sales tax on grocery and corporate income tax and it may be possible to future lower the sales tax rate. [applause] >> to improve the health

you're not word about a tax cut? tax, tax, tax. tax border tax, tax, yes, we have a tax cut. yes.hter] stuart: it's all about taxes on this show. by the way f there's no tax reform, there's no chance of 4% growth and the trump rally takes a big hit, that's my opinion and that's why we deal about taxes all of the time. treasury secretary with maria this morning, roll tape. >> we think it's critical to getting the economic growth, we need to make sure that the middle income gets a tax cut, we need to make sure that businesses are competitive with the rest of the world, there's trillions of dollars offshore that will come back and this will create jobs, this will create investments and we need to make sure our u.s. businesses are competitive and our timeline is we are going to try to get this done by august, i think, that's aggressive but we are focused on an aggressive timeline. stuart: did you hear that by august, the market was watching, listening as maria was doing that interview dow futures start today go up and we are now up about what 40 od points for dow industrials. bryan is

we don't have to cut taxes. and we don't have to fund the maintenance of our buildings in a recurring basis -- can -- recurring basis. but all of these are key investments in the future of our state. [applause] just of those seven items makeup $900 million of the recommended spending for the $957 million of the new recurring revenue that we have for this year. in addition, we are recommending several other places that we believe merit investment in the budget. we are recommending increasing the daily reimbursement rate that we get to counties for housing state prisoners in county jails. public funding for defenders and investigators, more straight tubers and more statect attorneys -- more troopers and more district attorneys. [applause] it is also both smart and just to increase the amount of reimbursement we pay to some of the providers that take care of our most vulnerable citizens through the department of children's services. we are also opening up more places in the choices program for those we serve in the

tax policy or not.he s&p 500 up about a point and a half. nasdaq looking to open slightly down. what you're looking at now overnight in asia is a marginally down picture. stocks in hong kong and china fell by a third of a percent. look at european equities. looking at a mixed picture. i will call this all quite marginal. a quick look at crude. bouncing back after a drop of more than 1% yesterday. a barrel will cost you 54.30. >> here are the big stories we're watching. tesla posting a wider than expected loss, but the model 3 is on track for volume production in september. musk also announcing the cfo has decided to leave, and he will be replaced by the first cfo. weekless jobless claims out at 8:30 a.m. eastern time. claims have been below 300,000 for 102 straight weeks, the longest stretch since 1970. a pair of fed officials are speaking today. atlanta fed president dennis lockhart and dallas fed president, robert kaplan. as for earnings, hormel foods and kohl's report before the open, after the close

neil: much of this to darren's point fueling the tax cut with import tax, border tax and that upsets a lot of the big ceo's who fear that it could be counterproductive, we will be talking with the billionaire investor, products sold all over the world including the united states, he's concerned about that as many others. how big a battle wilthis be? >> it's a huge battle because you're pinning importers against exporters and very frustrating for a lot of people who have been waiting for tax cuts an waiting for tax reform. why did the house republican take provision and suddenly throw it into the mix. it's going to slow down good policy and could even sabotage it in the long run. now, i think they have their hearts in the right place. they want to finance a bigger tax cut but why not trim the growth of government spending. neil: i felt the same thing. i find it where questionable when we are paying for tax cut with a tax hike. leaving that aside, was it your sense that since the president isn't keen on this that i assume he's still not keen on it but he might be okay with it if it's a

>> i don't think it should be taxed -- raising any taxes.n our state, like other successful states around the country, particularly where there's been republican governors, revenues have gone up because the tax burden went down. in our state, it's been close to $5 billion since we took office. it's why yet again we have another positive budget outlook. when you lower taxes as ronald reagan showed us, revenues go up. i call it the kohl's curve. it's like buying and clothing items at kohl's, one of our stores in wisconsin. if you do more to lower the taxes, i'm convinced particularly if we have a competitive tax burden for our employers here, companies like harley-davids harley-davidson, we'll see more jobs come back to america. >> neil: certainly our best to you and your family. >> good to be with you. >> happy go red day. >> thank you. more to this. the president is in florida. asmy family tree,ing i discovered a woman named marianne gaspard... it was her french name. then she came to louisiana as a slave. i became curious where in africa sh

they don't tax worldwide. we double tax worldwide and they border adjust their tax.eir taxes off of products coming to the u.s. and slap one on ours. we're about the only country that doesn't do that. so today, a foreign product has a tax advantage over made in america products here and overseas. so what we're saying is, let's do away with that international tax code and have a simple test. if your product or service is consumed in the u.s., it's taxed at an equal rate. low 20% business rate. doesn't matter where it was produced, if it's u.s. or foreign company, for the first time, it's equal taxation. that has huge benefits. one, we finally get true competition. always good for the consumers. >> neil: do you know if the president is on board with that? >> he's had a couple different approaches. the latest is equal taxation. a huge benefit to this as well that most people i think will welcome, which is by doing this, we eliminate every tax incentive to move your u.s. jobs and headquarters overseas. just the opposite. we really re-establish us that magnet for new busi

, tax reform, getting copies of tax reform. >> no one lowered taxes? hard to believe. what about average american small business owners -- >> what they were not big on was having to pay for it. i don't know what i just asked but i am confused. ben stein, if it turns out we get the tax cuts delayed, we don't know what is retroactive, problematic rollout. >> i like the question why we are having it at all since it is $20 trillion federal debt but i approve the idea of gutting the corporate income tax to the owners who shouldn't be intermediate step but why we need to cut taxes on middle and upper middle income tax payers i don't understand as we are running huge deficits, and don't see the rationale of it. to cut taxes you need a more prosperous country. that is not been proved. >> not proven if you cut the corporate tax good things won't come to the economy? >> the corporate tax should not only be cut but eliminated. >> i agree with you but why is it good for the economy to cut the corporate tax but not if you could individual tax rates? >> it is more h

and the tax cuts, fabulous. we want them. we want tax reform. we want paul ryan's tax reform to come through. everybody's hoping for that. but is trump going to do it? because trump has started so many other fires that he has to put out, is he going to be able to do the tax reform? dagen: gary b, was that you moaning and groaning? >> look, first of all, kathy, welcome to the show. but if i hear this thank obama for the economy thing. yes, we're so thankful that hillary clinton couldn't even beat donald trump. >> she did win. >> every state and local. he admitted the -- yes, thank obama for making the republican party a lot more relevant. but the other point is i want to get back to jonas' point because this is a mentality. saying he can't afford these tax cuts. my gosh in other times when we've actually cut taxes, the revenues to the government have increased. we made it simple, we lowered the marginal rates, people like jonas out there will look for less tax loopholes and say, oh, my gosh i don't have to try to hide this money. i can afford to

tax. >> border adjustment. brad, i was going to ask you where you think interest rates are headed and what parts of the market you like here. >> i certainly see interest rates headed up a bit. the thing we have to remember here is it's not about the u.s. alone. we see u.s. inflation rising. that's fine. that's all about energy prices at the moment. core inflation is still fairly solid. around the world there is a lot of risk that could come back. the rest of the world is going to keep rates lower probably for longer than we think. i think the themes are deregulation and i would argue consumer spending will be big going forward, the unappreciated one. consumer discretionary continues to make sense as well as financials and energy. those will be the potentially the surprises going forward. >> brad, if you want to avoid political risk, which sectors do you avoid? >> i think you want to bet on the consumer. i kind of disagree. it's not about the election. it's about the fundamentals. the question is, are we going t

raiding the property tax credit relief fund, raising taxes, taxing food and groceries would be bad for citizens and would hurt our economy. second the budget must be balanced. third we must reduce government expenditures. and fourth, we target at keeping $500 million in the cash reserve so that we are in good position to address future uncertainty. now, having said that, there are certain priorities that we must continue to fund. that's why we propose increasing funding for the k-12 education. i know that education is an investment in our children and in our future. when most areas of the state budget are essentially flat, i am proposing a 2.7% increase, average increase for the next two years for k-12 education. that's a 5.4% increase for the bienyum. i also recommend an additional 3% biennial increase in the special education funding. this is significantly more than the overallstate sbumt growing and is responsible within our resources. now you all would be lobbying that this budget does not fully fund education. that is not true. that statement is based upon a flawed school aid form

taxes, we need more disclosure on exactly on what is his tax plan.oes he do the business tax first? and the timetable of that. nafta is another story. one of the problems with trump is the friendsy of doing so much, you don't prioritize. one of the priorities the market was looking for is tax and regulatory reform right off the bat. >> you said you were talking to investors. and one of the reasons the stock market stalled out was this wasn't something -- so did they get what they wanted friday morning? >> i think if you look at the market, they got some of what they wanted. bank stocks responded positively. i just think it's one day and you have to see how this pans out. is there not a lot of daylight into what they are going to do. there is no daylight into what they are going to do with taxes yet. liz: paul ryan would say maybe by august. if they maybe cut corporate taxes. but then that border tax is still there. >> it's so complicated and intertwined. he has done so much. is he going to cut taxes first? maybe. do it all in one step through persona

bush tax cuts, the bill clinton tax plan, the reagan tax cuts, they were already on the table at this point in those administrations. and i think they're missing the window. part of it is the priorities they set and the first priority they made clear on is the affordable care act, the obamacare, and they're struggling with that. i'm skeptical that they're going to proceed on it. it's consuming a lot of time. they're late in doing big reform, i want to emphasize that i'm not talking cutting in rate or that rate, but big reform, is late. >> john boehner said that he predicted that a full repeal/replacement of obamacare is not going to happen. he started laughing when he heard president trump and the republicans promise swift action on undoing and replacing the health law. he said, quote, republicans never, ever agree on health care. >> yeah, well, boehner knows a thing or two. roger makes many good points here. look, i would split off the business side from the big package. >> i agree with you. >> business side has a big bang for their buck. >> including repatriation. >> lower rates, ex

tax policy. polls was for an increased increase tax on imported goods and the house republicans plan for house reform. from washington journal, it is just under an hour. are joined by president of americans for tax reform. he is joined by the president of the peterson institute for discussion on a key proposal and the republican tax reform effort.

-- jeopardize tax form question mark -- tax or?ld agree that it's not a good idea to pick winners and losers. utilizing retailers, helping out penalizing- retailers, helping out exporters , but the point is many of those conservative people shouldst -- would say that there shouldn't be that kind of conservative decision-making. the budget is still important, but corporate taxes are not a huge part of tax revenue. if you drop it from 35% to 25%, maybe $100 billion. repatriation would pay for that over a year or two. alix: take a look at a bloomberg. these are the high tax rate companies, the white line versus the blue line, the s&p on a normalized basis. havean see how much they outperformed. is that outperformance pricing in the 25% tax rate? or the 15% tax rate? at this stage the s&p is pricing in the benefit for corporate tax reform. if it went from 35% to 25%, forget 15% or 20%, with most of the tax code left unchanged, it would provide about a $10 benefit s&p earnings at the companies that have the most the mystic businesses. n

own taxes, especially their income taxes. if we think about especially states that are relying on income taxes, often they conform to the federal system. as we change the federal tax system, it's going to trickle through and effect what states do. if i go through broadly some of these areas and we can get into details as we go along. on the tax system, we think there is going to be a lowering of rates. there's some discussion of getting rid of some of the deductions like the state and local tax deduction. there's some talk, although not a lot of detail about broadening the base. so if we change rates, that's not going to directly effect states. if we broaden the base, that could help states. however, it could also -- the uncertainty is what's kind of killing states right now. i think part of the reason states' revenues are below where they thought they were going to be is because people are waiting to see what's going to happen, especially for taxes on capital gains and corporate taxes as they're expecting those to go down. i

tax. so why were they short in the last two years? are the answer is because economic forecasts were overstated. growth in income and output and other things didn't reach what underpin state revenue forecast. so a couple of numbers. last year, state general funds tax revenues grew 1.8%. that's very low despite low unemployment. this year, states have revised their eesmalingts expected to grow 2.3%. next year the budgets putting together right now project a little sunnier ref new situation at 2.9%. so still historicically low numbers. personal income taxes took a hit. nonwage income came in lower than everybody estimated. sales tax revenues are weak given the recovery. you're going to see under 2 prt sales tax growth this year for almost a back-to-back year. economists give explanation things like lower prices on goods and a gap between what consumed and what's being taxed of that consumption online sales tax for example not being collected for states. you're going to see corporate income t

all government have value-added taxes and corporate income tax into evaluated tax, they rebate the tax on their exports which means they haven't been taxed. we are at a disadvantage and they tax goods when we go in. this levels the playing field. trish: what happens to american retailers? >> why not address the retailers cuecue-to criticism of each of these retailers very disingenuous because if walmart has to pay more for imported goods, it will not be at a disadvantage like target because they are facing the same tax. it is on the retail. when we start to shift production of middle range goods back to the united states, there's more income or gdp, more customers, you look at the whole consequence. trish: what happens to you and i pay for goods? i have to assume the price of everything would go up. giving me the signal, it has got to go up because the company needs to cover their costs. >> to unwind this method is going to be painless was the reality is american manufacturers are at a dramatic disadvantage. trish: i hear you and i agree. i'm wondering if there is something we haven't

two and number three is taxes, tax reform and cutting the corporate tax.x, you move america forward, you create more jobs. you'll see the stock market really boom. maria: it's already up, what, 13% since election night. >> and that's what he has to do. and it has to come into effect this year, and they can do it during budget reconciliation. if they don't do it, i am very fearful that we could lose the congress. if he does it and if he sticks to it and fights for it and gets it, we all win. the country wins, the people win. maria: steven mnuchin, the treasury secretary, jessica, just told us that both are important, obamacare repeal and replace, tax reform -- >> tax reform is more important to americans. yeah, no, i totally agree. i think, and i've said this all along that if donald trump can deliver 4%gdp growth or 3 and americans can feel better about how much money is in their pockets, republicans can do well. elections are won and lost on the economy, obviously, obamacare has repercussions for the economy. but i think if he stands up there and says thi

adjustment tax could be part of the tax reform.t we want to do is work constructively with the administration around tax reform that helps bolster and build a strong manufacturing presence, helps the u.s. economy. >> that was chuck stephens in response to whether or not they'd change their production plans in mexico. the reason i asked that question, general motors is number one in terms of the number of vehicles built in mexico and then sold in the u.s. david, as we talked about, those aren't small cars only that they're building down there. yeah, some of those, but you're also talking about high content, high profitability pickup trucks built down there. it is concerns over that production, as well as things slowing down eventually, that have investors saying, let's hold off on general motors. >> not to mention the supply chain, phil. i don't know if you've done work on it, but the border tax adjustment being phased in over a number of years if, in fact, it sees the light of day, the idea would be to bring the supply chain back.

tax reform.t prescriptive. as far as why the president is saying it that way, we've got that option available to us and i think the president is commit today making sure that the promise he made to repealing obamacare is first and foremost. it's not we can walk and chew gum kind of thing. [inaudible] >> there's a few things that are going to happen. there's a budget plan that you guys are going to present on march 13thish. >> ish. >> the health care -- something from him and something from them, is that the way it works? >> look, when we are ready to announce stuff -- you have obamacare and the budget and tax reform, it's going to be a very busy march and april for us and we continue to work in congress to make sure that that's implemented. >> yeah. the president -- you were talking about fulfilling its promises. a total of complete shutdown of muslims entering the country. there were a lot of people in his party who thought that was a very good proposal. can you explain evolution and backing dow

when charlie says gives us the tax cuts. there will be a border tax.: he is the father of border adjustment tax. he runs the department at uc berkeley. that is on lizclaman.com. it is fascinating on this and with the president and feels it's a good one. we have 30 seconds left and we are cueing the confetti. we want to thank david smith of rockland trust. the dow is gaining 15 points. as i said, this is now the 12th record in a row. [closing bell rings] last time we saw that, 30 years ago, january 20th of 1987. that is also a record for the s&p 500. the trump boost continues. of course the atlanta fed he predicted that the gdp for q1 will come in at 2.5%. so, david and melissa, decent news here. david: we have new record. melissa: there you go. whoo-hoo. the dow ending the day at at brand new high. 12th day in a row, most consecutive records in 30 years. one more and we make history. new close for the s&p 500 as well. all major averages ending higher. welcome, everyone, i'm melissa francis. david: it was 120 years, that's when the dow jones industrial

contrast, the foreign jurisdiction, they have their tax removed, and it's not taxed when it comes in here. these things are all -- when strongest biggest, economy in the world, you can endure a lot of pain and missteps, and i think that we've been able to endure those things in the past and basically muscle them, but i'm telling and those days are gone, what we need to do is heed these signals. these companies that are not leaving 're based on a natural disaster. this is not as if there is a hurricane. as if it's a flood. t's not as if it's a catastrophe that can't be mitigated. these are all rules that have are created, and if they rules that have been created, they are rules that can be recreated. making e just close by one point, and that's this: and i s a disposition, think an attitude, that we need embody. and one of the saints -- one of of the fourthhers century, i think, was saint context of in the his faith, he has acontributed this theme. e says, we don't impose on the world. we propose a more excellent way. we don't impose. propose a more excellent way. so i think the bluep

tax code. his speech from earlier today at the heritage foundation in washington is about 40 minutes. [applause] >> good afternoon. on behalf of our president, welcome to the heritage foundation. it is my pleasure to introduce to you our guest today, congressman peter roskam. congressman roskam is serving in his sixth term representing illinois six congressional district. he is a graduate of the university of illinois and earned a law degree from the college of law at the illinois institute of technology. the congressman is a member of the house committee where he thees as chairman of the panel tax committee. we are fortunate to have the congressman with us today because in this role he will no doubt be playing an important role in the effort to develop androle in the effort to develop debate and pass fundamental tax reform. in his remarks today he will discuss three main goals that will animate his work in the 105th congress. job opportunities for all americans. it should simplify the tax code

oklahoma currently ranks 48th in diesel tax in the nation and 49th in gasoline tax. so i'm proposing a new revenue stream by increasing our gas and diesel taxes to the regional state average but below the national average. by trading out the use of individual income tax to a gas and diesel tax dedicated to roads and bridges, this budget change dramatically improves the percentage of revenue collectiones this legislature will be able to control. as we've discussed for decades, let's put fuel taxes to roads and bridges. [ applause ] my working together and avoiding distractions, we can solve today's problems and make oklahoma grow and prosper. first to improve the work force and education. i want to talk about that. as of august 31, 2016, there were more than 71,000 open jobs in the state of oklahoma. of these jobs, almost 18,000 of what we call critical occupations such as engineers, teachers, nurses, chemists, accountants and truck drivers. therefore in my budget i'm providing $20 million for critical occupations. a thriving prosperous economy must have a skilled edu

you could do a refundable gasoline tax, carbon tax. if you need the money she did that way.hole point of tax reform is to eliminate loopholes, favors, all kinds of cutouts. simplify. that was the secret of the reagan tax reform and to simplify the entire scheme, you lower rates. you take out the loopholes. that's the program. to complicate it with something that has tremendous resistance in the senate is a huge mistake. >> bret: what did you take from the interview? these are complicated thing and there was a major tax overhaul. it took a consensous to come together and they were facing cent percent income individual tax rates. something that people wanted to change. and it will be difficult to get done in a short period of time. >> up next, saying gooddddd >> finally tonight, the fox family lost two of its own. allen combes and brenda buckener host of bull and bears, back in october 7th, a prime time debate show hit the air waves that helped to send fox news to the top. >> bob dole proved a better future of america. >> and drive the deficit up. sometimes to be successful al

we are here to talk about one of them, our tax code. our tax code is not working for us anymore. our tax code was created in 1986 as we all know. and we've got an opportunity now to reflect back on that. and let me just sort of go a freeze frame discussion. the election in november nationally the monday after the election in november we came out the to the house of representatives obviously and i interacted with a number of democratic colleagues. they were truhunder struck, thunder struck, they couldn't believe they had lost the election to donald trump. they were thunder struck. almost to the point of disorientation. when something jarring like that happens to you, what's the smart thing to do? reflect? contemplate? and move forward? in my opinion democrats are not reflecting they're reacting, doubling down, that's their problem, not our problem right now, but it is a word to us in other words, it's what to avoid. we need to reflect on the fact that our tax code is not working for us anymore. my home state of illinois is an example of avoidance behavior that gets completely out