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Looking, well be following up with the two of you, on the idea that if you triple the standard deduction and a number of senators of both Political Parties are interested in a significant increase in the standard deduction, you dont have so many people itemize and that is another possibility. But well follow up with you on the simplicity issue. I want to wrap up with one last question and that is, is there one thing you regret about what happened in 86 and you would counsel us in terms of what to do in the future . In other words, it is always easy to think about what is possible today in the ...

Thank you. Mr. Williams. Im going to take one of his second as he went on as you noted. I cut him off as well. I dont cut off director ellmendorf. I cut off members. [laughter] now you get the drill. Thank you mr. Chairman and doctor for your testimony. Im a smallbusiness owner 42 years, family man. Like a taxpayer and a smallbusiness owner rather than a politician. The economy and main street economy is not fixed. Its hurting. I can tell you that. And the 0 hasnt worked in the stimulus money has not worked. The effects are evident from the high unemployment. People are living from paycheck to...

A percent of gdp during that time. They are hire in each of those years than they are today, is the rights because thats right, congressman. And their higher, are they not do, in each of those years than it will be as a percent of economy 10 years from . Yes, thats right. My calculation is that the average amount of revenue as a percent of gdp when the last balance the budget was 19 of gdp. During those four years the average amount of revenue was 90 of gdp. Now, you have just testified that the main reason that were going to see an increase in the deficit in the out years is because we have t...

Programs that reduce the existence of poverty and the suffering associate with it. So i want to ask you, what policies are antipoverty initiatives tend to get the most bang for our buck in terms of boosting Economic Growth . For example, what is the impact of Economic Impact of not extending Unemployment Compensation for the 1. 7 Million People have lost their checks what theyre looking for a job . Will we see them fall into the ranks of the poor . Does raising the minimum wage boost Economic Growth and reduce poverty . Whats the impact on poverty and Economic Growth rate as a result of, unfor...

With that being said, my question to you would be what benefits would we be reforming the book and tax code by lowering taxes and tax rates and broadening the tax base on the individual and corporate basis which is revenue neutral as i have indicated . Congressman, when he and other analysts think that sort of tax reform that could you have described could boost Economic Growth. But the metal into the first depends specifically on the tax reform that the congress would consider. And we are standing by to do an Economic Analysis that approaches the tax reform. If you and others on the committee...