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We ve given them a number to hit, a savings number that they are responsible to secure. and on the social security piece, what are the savings that you achieve there? what we have called for is 75-year solvency. again, none of the savings from social security go to deficit reduction, it all goes to extend the life of social security itself. and on the tax piece, which is the part that it s hard to see how house republicans can accept any version of it, is there something in what you re doing with tax revenues in your plan that you think would somehow suddenly be acceptable to eric cantor? yeah, three things i would say. first of all, it is fundamental, sweeping tax reform to make america more competitive, to try to provide a lift to the economy by broadening the base, by reducing races, including the corporate rate that is paid for by eliminating other corporate ....
About, what do you do in terms of the adjustments you make to medicare? medicare and the other health care accounts in total, we save $500 billion over the next ten years. remember, as you so well know, we ll be spending more than $10 trillion over the next ten years, so these are relatively modest savings out of medicare and the other health care accounts. do you take those savings out of providers or do they come from beneficiaries also? i think we would say that they should come from providers, but ultimately, the finance committee will come back with a proposal. it s their responsibility to do that. we ve given them a number to hit, a savings number that they are responsible to secure. and on the social security piece, what are the savings that you achieve there? what we have called for is 75-year solvency. again, none of the savings from social security go to deficit reduction, it all goes to extend ....
Hit. a savings number that they are responsible to secure. on the social security spees, what are the savings you achieve there? what we have called for is 75-year col vensy. again, ask the finance committee to come back with a nan would do that. none of the save frgs social security go for deficit reduction. it goes to extent the life of social security itself. and on the tax piece which is the part that it s hard to see how house republicans can accept any version of it. is there something you are doing with your plan that you think would somehow be acceptable to eric kantor? three things i would say. first of all, it is fundamental sweeping reform to make america more competitive to provide a lift to the economy and broaden the base and reduce rates including the corporate rate. ....
Hit, a savings number that they are responsible to secure. and on the social security piece, what are the savings that you achieve there? what we have called for is 75-year solvency. again, none of the savings from social security go to deficit reduction, it all goes to extend the life of social security itself. and on the tax piece, which is the part that it s hard to see how house republicans can accept any version of it, is there something in what you re doing with tax revenues in your plan that you think would somehow suddenly be acceptable to eric cantor? yeah, three things i would say. first of all, it is fundamental, sweeping tax reform to make america more competitive, to try to provide a lift to the economy by broadening the base, by reducing races, including the ....
Those costs. this hits americans in the wallet. they are not getting jobs. they are not keeping jobs itch that s the big worry. the unknown and health care bill something no one focused on. some warning about it ahead of time. huge corporate write-downs. we ve seen, two, three, four billion dollars already. is that i think so, i saw the white house today pooh-poohed it they said it wasn t that big a deal if you look at the health care overall and what the cbo said what the savings were, 138 billion over 10 years that comes out to roughly 13 billion dollars a year that s not a lot. when you have corporate write-downs they have to impact that savings number. they will say that is not real money just an an accounting number. it is not an accounting number. they are going to have other costs too. my big fear is some companies are going to say i m just ....