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It is the difference between reagan '81 and reagan '86. tax cuts were easy. in '86 heated tax reform. it took negotiation and it was a tremendous success. they can't do it in a few weeks because you have to deal with all these constituencies who are against removing the loopholes, some of which a lot of people like, for instance state and local tax deductions. you get a lot of pushback from republicans in the states so i think we are looking at cuts which will be cheap to do politically and very difficult in terms of economics because how do you make up for the revenue? >> bret: we have talked...

It is the difference between reagan '81 and reagan '86. tax cuts were easy. in '86 heated tax reform. it took negotiation and it was a tremendous success. they can't do it in a few weeks because you have to deal with all these constituencies who are against removing the loopholes, some of which a lot of people like, for instance state and local tax deductions. you get a lot of pushback from republicans in the states so i think we are looking at cuts which will be cheap to do politically and very difficult in terms of economics because how do you make up for the revenue? >> bret: we have talked...