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Bring rates down to 28% top rate where reagan was. bring the lowest rate down to single digits. you'll get people revitalized. bring the business tax rate down. bring it down to 25% and repateerate the $2 billion. >> this is why it's so critical. we need big change in d.c. i agree with you, my concern is we not make this the new normal. four more years of this president's policies where it's about redistribution and class envy and government independence, then you have a whole generation of americans who thinks we can't grow the economy. the last quarter was negative. they call 2% growth a rec...

Does the u.s. corporate tax code actually work against u.s. corporations? that was the question of the day for senate investigative committee looking into whether the people best served by american policy are not even americans. here's correspondent rich edson. >> reporter: it's uncompetitive, a villain, a huge convoluted mess and a travesty. those are only a few of the recent reviews of the u.s. corporate tax code one that features the highest top rate in the industrialized world. this month the senate permanent subcommittee on investigations examined the impact of the u.s. tax code on the am...

So both the poorest and the richest improved their life standards. >> you know, there's a real moral imperative to keep taxes lower and flatter right now because they do -- it does create jobs and it instills a sense of fairness and right now this country is being torn apart because of this sense of unfairness. trust and government institutions is at an all time low. it's bipartisan across the board which is why everybody can support this. i'll answer rick's question why 20%? study after study after study, hoover institution and others show that the optimal size of the federal government is ab...

Help pull these kind of stunts because the tax code is basically asking for it. it's so complicated. our corporate tax rate, our top rate is too high. so we're almost forced to go to switzerland and pull these kind of stunts, these kind of schemes. at the same time yes while a lot of companies do this sort of thing, there is a question of scale. and i think what you have seen with apple and now with caterpillar is companies that went to extreme lengths to really get around the system and save just a ton of money. $2.4 billion over ten years is a really serious chunk of change. one thing that c...

Washington. it's just a beehive of groups that protect the empires they have built up in the tax system. look, i think the reason the stars might be getting alined to get this done is the economy has been lousy for so long. so you know, call me crazy, i think in the next year or two, we might be able to get something like this done or maybe when we get a new president. but the way i put it is, our tax code is like driving around in a mazda that was built in 1985. it just doesn't work anymore for us. >> i had a mazda in 1985. one thing i will give these guys credit for. they want to simplify it...