Dynamic Accounting News Today

Point than that one. we have seen every time theres significant tax reform passed, you see huge growth in the economy that ends up increasing the coffers in a way that is not evidenced when you score these things. >> neil: in other words, use dynamic accounting rather than static accounting. >> and i have a background in economics. we do know in this case that tax reform usually correlates -- it always has in our history -- correlated in increases in revenues that you get from taxes. if he wants...

Well, the economy, the first quarter. not withstanding that typical development. a lot of people are hanging a lot on these tax cuts and the republicans will get the job done. even among the republicans, jack, theres some difference back and forth as to whether they should be paid for right away or whether dynamic accounting will help and create revenues of their own. if you were the president, advising the president, what would you be saying? theyre loggerheads on that issue. >> id focus on it ...

Get to a big tax cut. the growth will make up for the shortcomings. are you in that camp? >> yes, we need to stimulate the economy and put people back to work. people can get better wages and were manufacturing things here in the united states of america. so if you can deal with the healthcare, which will help the small businesses, the average americans, the low income americans, thats where it will help them. then you do the tax reform so that our -- the united states of america can be competit...

The childcare deduction. we simplify simplify simplify, leading these things in. leave that door open opening up the door to more of these things, the more standard deduction the less complex. melissa: immediately the fighting begins over what the deficit looks like and how much more debt we are going to be in. one thing that drives me crazy is when we do this, it is hard 20 survey going forward. how much growth created as a result of lower taxes, static versus dynamic accounting which means are...

Starting to create new jobs. im thrilled with that. it doesnt surprise me, sand i believe its going to continue. >> neil: youre right by the memorable image of ronald reagan and you espoused a lot of his principles and theres a raging debate of whether or not the tax cuts have to be paid for or revenue neutral and static accounting versus dynamic accounting. i dont want to get you in my nerdy world. but do you think that could be a problem for republicans? they could torpedo there? >> no. the re...