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Deadline or late-night negotiations yet. >> washington heads towards yet another budget debate, the stakes couldn't be higher. >> reporter: we're in the pregame and the president is trying to box in his opponent early. >> we should be doing everything we can as a country to create more good jobs that pay good wages period. today i came here to offer a framework that might help break through some of the political log jam in washington. >> reporter: what's that framework? >> a deal that simplifies the tax codes for our businesses and creates good jobs with good wages. >> reporter: corporate tax ...

Creating a bizarre and byzantine tax code that runs into the tens of thousands of pages, for creating a tax code that simply doesn't compete with the rest of the world. >> senators rand paul makes a very good point. congress writes these laws. congress is the owner of those volumes and volumes of books the tax code full of loopholes and some of those tax codes and loopholes written by industries that benefit from them. want to bring in laura tyson president of president clinton's economic council and today economic advisor for competitive taxation. you say forming the corporate tax system coul...

Bring and mortar stores whose owners have grown accustomed to seeing customers browse the showroom only to dash off to a computer or hand held device. >> that's not fair. that's discriminating against the local merchant. the local merchant who hires local people. the local merchant who pays property taxes. >> nine states have enacted online sales taxes. enforcement thus far has been lax. the marketplace fairness act would require the states to provide online retailers with new software to process the new transactions. >> this bill has nothing to do with federal taxes. nothing. secondly, this b...

Trillions and dollars. they cut all of the health care subsidies in the obama care, 30 million people not getting insurance, cut another $750 billion-ish from medicaid, cut a variety of smalling programs in addition. they cut a number of low-income supports. there is a -- you can make an argument about the importance of getting a budget to balance, although i don't think it is particularly important and certainly not within the next ten years. you cannot argue this is good for the poor. all of the cuts come from programs that help the poor. >> also, ezra, it raises tax, doesn't it? in order fo...

Well to do to keep special tax loopholes an exemptions in the tax codes achieved largely through look beists work and not ask them to pay a little bit more. that doesn't make any sense. jenna: for the good of the country. if it's for the good of everybody why not senior consider it. >> what is good for the country is balance. if you don't have balance, jenna you have what we see in the ryan budget, the tax policy center policy said tk the tax cuts that go to the wealthy in the ryan budget would cost $5.7 trillion. guess who pays for that? middle class families. there is no way to get revenue n...