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and deductions that have a lot of vocal constituencies or are we talking about a tax cut plan, cut corporate taxes for individuals which would also affect many small businesses that file as individual taxpayers. and so that to me is the key there. what exactly is the president going to introduce? and are we going to find out for the first time -- and we've known for a long time that he favors tax cuts in reducing regulations broadly but we've never really been given an indication about where he stands on broad reform that would overhaul a lot of the ways in which people file their taxes, get things deducted and things of that nature. >> so a simplification of the taxing system? >> that is correct. and don't forget, house republicans have been working on a plan that would include border adjustability and completely

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