So whats the first thing we do . We tax it. We call it earned income. While another category of income called unearned gets a preferential rate. This is a discussion we need to have. Second point, simplification. A few years back we had a Tax Reform Act here, a number of, it was controversial a number of us voted for it, it passed. Before doing that, i decided to run up the road and see someone who lives near where i do, his name is warren buffett. Warren buffett and i have different philosophical approaches on many things, but he was generous to welcome me to his office, we spept about an hour together, and i wanted to get his look at that tax bill and some other things. In an interesting exchange, he turned around to his credenza, pulled out a file, an old file, pulled out a single piece of paper, and said, jeff, do this. Lets do this. Put the tax code on a piece of paper. Simplification. Now, a tax coat in reality cannot always be cut. It has to be optimized. We have to run the gove
28 National Systems would produce important benefit if we wouldnt deal with it in 28 different jurisdictions, but together in the European Union you could argue if it can be made that there is potential benefit in having one set of rules on one rather than 28. Then its being met. The other way around is of course also correct. Then the question is are we still respecting the principal which with the proportionality is one of the principals that should guide legislation in the European Union level. The fourth reason is why it can be beneficial. It provides again an understandable narrative about why are we integrating in the European Union. We had these in the past. We had the enlargement and these stories. We had a story in the last five years. Its a precondition for everything else. We have been able to survive. This is a number of positive stories like digital europe and energy union. Like the internal market and like corporations in defense and many others. They will wemore into det
It is probably not as many times as you have used the word illegal. So backwards. One person is all it takes. Hopefully you will look in the mirror tomorrow and see who that one person is. We are not going backwards. [applause] we are not. We have one more question. I just want to respond to your statement, and i want to say it is interesting that there is one person that is attracting everyone. That is what the tea party is doing. That is why we are where we are at. And we just have to go out and vote, people. That is all i will say. Thank you, everyone, for being here, thank you to all the panelists for coming. It was a lively discussion. Thank you very much. Appreciate it. [captions Copyright National cable satellite corp. 2014] [captioning performed by the national captioning institute] next, reporters and correspondents talk about their experiences and challenges covering the white house. After that, a forum on the money intelligence x. And then former secretaries of state at the
To make sure we get it full discussion and i feel sure we will leave with a lot more to say but we have plans for together meeting. I appreciate everyone coming in on a surveillance Transparency Act especially when there is so many Football Games you can be watching. I will get us out for the tennessee game tonight. If you feel like you need to see the tennessee alabama game. This event is just important to us as the wch dinner. This means a lot to you, too. You have shown up by turning out on your weekend day and we appreciate that. The waca is devoted to two big things that we talk about all of time. We talk about access, press access and pushing together as a group to increase the access we get at the whitehouse to people and information. And that is our primary goal. We also try to help each other be better individual, com pet c com compe compe competiors and we will talk about about covering the whitehouse and how to get good stories. Helping us with that we have veterans of the w
Interesting. Kevin corke is interested and live in seoul, south korea with more, hey, kevin. Let my say it this way the world is waiting and wondering will he meet with the president at the dmz, we do know this, we dont know if reclusive leader of kingdom of north korea will meet with the president , but we can only say this, very interesting day one way or the another. The president talked about this idea to north side and then to south side, interesting idea if it happens, makes his way here with south koreas president moon jaein but also trip to dmz, now the president s trip to dmz will come affairly eventful g20 summit in japan where he was asked if in fact, he would be willing to meet with chairman kim. We wont call it a summit, we will call it a handshake, i think he would like to do it, i dont mind doing it at all. Im literally visiting the dmz. If you do meet kim jong un, would you step across the border into north korean . Yeah, i would be comfortable doing that. The president