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>> to demonstrate, he holds a company bank loan ince from 1962, written on single piece of pape every. similar loan from 1990s is an inch-thick binder. today would be three binders. the corporate tax code itself? >> 38,000 pages. the constitution is four pages and covers everything. it's idiotic. you can't run a railroad like that. >> adding to uncertainty is the debt. >> the amount of debt we have is unlikely to lead to massive increase in -- is likely to end to increased taxes in the future. >> there are is an agreement to simplify the corporate tax code. >> concept of corporate tax reform i...