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Transcripts For CNNW Fareed Zakaria GPS 20120325



many claims to bank. i ll talk to him about the global economy and more. later a. look at the silicon valley facebook, pay pal, zynga. reed hoffman has been at the ground floor of all of them. and why is one of america s friends, india, friends with one of its sworn enemies? i ll explain. but, first, here s my take. we re going to hear a lot of polarized rhetoric over the next few months. the republicans and democrats will seem to disagree about everything. but there is one huge and important area where there is a possibility, a possibility of bipartisan action. that s tax reform. most americans, republicans and democrats, dislike the tax code. their right to do so. america has what is arguably the world s most complex tax code. the federal code plus irs rulings is now 70,000 pages long. the code itself is 16,000 pages. the state of france has only 1,909, only 10% of ours. and then there are others that have innovated and moved to a flat tax with considerable succ ....

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