Krauthammer: Tax Reform ‘Not Impossible But It Is Without a President’

BAIER Charles KRAUTHAMMER Look ░░░░░░░░ is the one who ░░░░░░░░ the commission Simpson pols ░░░░░░░░ recommended exactly that And ░░░░░░░░ was the great success ░░░░░░░░ what Reagan and tipp ░░░░░░░░ Neal did in 1986 ░░░░░░░░ mean it s not ░░░░░░░░ obvious but it s ░░░░░░░░ one it s the ░░░░░░░░ grail of social policy ░░░░░░░░ it s the one ░░░░░░░░ one of the rare ░░░░░░░░ where it meets the ░░░░░░░░ of the left and ░░░░░░░░ It s a fairness ░░░░░░░░ which the left is ░░░░░░░░ looking for Because it ░░░░░░░░ the rich who can ░░░░░░░░ the lawyers and the ░░░░░░░░ who impose the loopholes ░░░░░░░░ then who are able ░░░░░░░░ find them On the ░░░░░░░░ hand for the right ░░░░░░░░ economic efficiency Every tax ░░░░░░░░ every deduction is a ░░░░░░░░ that slows down economic ░░░░░░░░ is I because efficiency ░░░░░░░░ is the perfect legislation ░░░░░░░░ it needs leadership You ░░░░░░░░ got to have a ░░░░░░░░ who campaigns on it ░░░░░░░░ on it and with ░░░░░░░░ like Paul Ryan running ░░░░░░░░ house it could be ░░░░░░░░ It s not impossible ░░░░░░░░ it is without a ░░░░░░░░ Obama ignored his commission ░░░░░░░░ s look at the ░░░░░░░░ two candidates in each ░░░░░░░░ about what the main ░░░░░░░░ on tax reform Donald ░░░░░░░░ says he wants to ░░░░░░░░ the current seven brackets ░░░░░░░░ four you just heard ░░░░░░░░ with the top marginal ░░░░░░░░ of 25 Tax long ░░░░░░░░ capital gains and qualified ░░░░░░░░ top marginal rate 20 ░░░░░░░░ a substantial zero bracket ░░░░░░░░ lower income individuals Lowers ░░░░░░░░ corporate tax rate to ░░░░░░░░ Ted Cruz has a ░░░░░░░░ flat tax on individual ░░░░░░░░ Replaces the corporate income ░░░░░░░░ and all payroll taxes ░░░░░░░░ 16 business transfer tax ░░░░░░░░ a number of complex ░░░░░░░░ of the current tax ░░░░░░░░ Lowers the rate on ░░░░░░░░ gains and dividends to ░░░░░░░░ Interesting Well I mean ░░░░░░░░ are a continuation I ░░░░░░░░ of a Republican line ░░░░░░░░ thinking that again the ░░░░░░░░ code is too simple ░░░░░░░░ need to be reduced ░░░░░░░░ combined with that there ░░░░░░░░ 2 trillion sitting overseas ░░░░░░░░ companies that won t ░░░░░░░░ it here because of ░░░░░░░░ high corporate tax rate ░░░░░░░░ think there is a ░░░░░░░░ sense that something has ░░░░░░░░ be done about that ░░░░░░░░ both capture that Donald ░░░░░░░░ has been critical of ░░░░░░░░ funds and so forth ░░░░░░░░ the tax rate This ░░░░░░░░ where the economic populism ░░░░░░░░ him starts to show ░░░░░░░░ has been very critical ░░░░░░░░ the level of taxes ░░░░░░░░ are paid by the ░░░░░░░░ wealthy hedge fund owners ░░░░░░░░ what you hear from ░░░░░░░░ G O P Is ░░░░░░░░ taxes left and right ░░░░░░░░ s wonderful But the ░░░░░░░░ half of that everybody ░░░░░░░░ what loopholes are you ░░░░░░░░ to eliminate in the ░░░░░░░░ nobody talks about it ░░░░░░░░ as Mara says they ░░░░░░░░ all popular The mortgage ░░░░░░░░ Charitable the employer provided ░░░░░░░░ Unless you cut the ░░░░░░░░ loopholes you are not ░░░░░░░░ to get anywhere with ░░░░░░░░ reform except to create ░░░░░░░░ huge deficit in the ░░░░░░░░ Which was Simpson bowls ░░░░░░░░ cap it across the ░░░░░░░░ Just capping it and ░░░░░░░░ t have to have ░░░░░░░░ fight with the mortgage ░░░░░░░░ You never hear from ░░░░░░░░ candidate And if you ░░░░░░░░ t run on it ░░░░░░░░ will never enact it ░░░░░░░░ ll have much more ░░░░░░░░ I assume to talk ░░░░░░░░ tax plans along the ░░░░░░░░ That s it for ░░░░░░░░ panel.