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And you know 40 or 50 percent of the budget is social security and medicaid. they have got to make reforms . i hope they come up with proposal to bring the tax holds down and get rid of the loop holes. there is a decent chance we might get something good out of the committee in that regard. if we want to bring the debt down we have to get the economy growing again. and the u.s. tax system is an tross. and what does it mean if there is not a break. >> the technical term is sequester . that means automatic across the board cut in domestic and defense spending to reach that trillion in savingin...

The united states treasury. you will not have corporation setting off foreign trust. tim gehner, the treas secretary can't figure out his taxings. flat tax is simpler and generate more revenue. >> go and soak the rich on the flat tax. >> i testified before congress about i.r.s. reform and menging the flat tax. i think that the rich could pay more under it. it would stop them doing tax evaluation with a higher rate. russia and estonia and lithionia. and we are stuck with the i.r.s. that makes war and piece look easy. and congress drilled so many loop holes and russia and estonia. you need a o...

Lengthen prison sentences so they can make money in the prison industrial complexes or move jobs offlore or putting loop holes in the tax law so i don't have to pay taxes. these are things that need to be addressed. the reason that i don't pay tax is because there's someone pushing a politician to leave a loophole or promote a hole in the market that i can squeeze my company through. no one will ma -- the conservatives always say, why don't i write a check for more taxes. well, no, i won't give my money to the war machines and other things, but if it helps the education and health care for peo...

From being with the administration side. that being said. small businesses are paying the high corporate income tax. because of the loop holes there is a 72,000 page that is add for loop holes and for big business. it may not be 9, but take it down, we would spur hire negligent country. >> wayne, you said it would get rid of congress and that would be a nice thing to have. but at the same time it is not simple as snapping a finger. our tax code is massive for a reason. there is companies and going back to the worry that it hurts job creation or not create jobs. do you understand the other side...

Ideological. i think when we go out, i don't care whether we're talking to a synagogue in fort lauderdale, florida or talking in south alabama to a -- at a conservative christian church. we're stunned by the agreement of the most liberal and the most conservative saying, okay. our entitlement programs are going belly up. why are we spending $2 billion a week in wars all across the globe? and they just take off -- why aren't the rich paying? why do we have all these loop holes? why isn't there more tax fairness? why are we depending on the federal government to grow the economy instead of trust...