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>> you need to tie the flat tax to a true economic indicator which would be how much andrea spends on shoes. >> we're in trouble then. >> i think that would work. the other thing is our tax system right now has made it so you need to hire somebody like h&r block in order to keep yourself out of jail. it's almost like buying health care. >> dana's point is very well taken. if there ever was a time to get tax reform pushed through, it would be in the after math of this. i happen to think a flat tax is something worth while to look at it. i don't understand it, but i've talked to steve forbes. he...

Warren buffet earned. he's largest shareholder of a company $18 earns 40 million dollars individually he earns 4 billion that's personal share of the earnings and bircher hath away played 29 percent income tax last year. the top corporate rate is 35 percent. warren buffet spent a lot of money with all kind of loop hole to lower the effective rate from 35 to 29 percent and if you want to pay mr. taxes company of just paid 35 percen percent. the fact of the matter is if warren buffet wants the money and pay as dividend to himself or shares share of stock the rate is 45 percent and that's much hi...

The gentlemen from maryland knows all too well. he and i were in discussions for almost seven weeks when i said again and again that we would be happy to engage in a discussion of tax reform to get rid of those loop holes. i know it makes for good politics to go throw the shiny ball out there, madam speaker. >> would the gentlemen yield in. >> i will not yield. to throw the shiny ball out there that somehow republicans are wed to that kind of policy to sustain these prempss. >> i wish the gentlemen yielded, because i think it would be very clear that the republican position is they won't close...

He and i were in discussions for almost seven weeks when i said again and again that we would be happy to engage in a discussion of tax reform to get rid of those loop holes. i know it makes for good politics to go throw the shiny ball out there, madam speaker. >> would the gentlemen yield in. >> i will not yield. to throw the shiny ball out there that somehow republicans are wed to that kind of policy to sustain these prempss. >> i wish the gentlemen yielded, because i think it would be very clear that the republican position is they won't close a tax loop hole that generates one penny for de...

Penny for deficit reduction, not one penny, so you can't close a corporate jet loop hole if it's going to deficit reduction. >> the house vote is scheduled to take place within the hour. we're watching the house floor and we'll bring you that vote live when it happens. president obama returns to the press briefing room today to publicly support the sudden emergence of yet another possible solution to the standoff. >> the good news is that today, a group of senators, the gang of six, democrats and republicans, i guess now the gang of seven because one additional republican senator added on, put...