15, 25, 35%. kevin brady said they want to stick to that kind of plan. no details but here s what he said. our goal, simplifying the tax code for everybody and getting rid of a lot of special exclusions, deductions, provisions for some so we can lower the rates on everybody at every income level. in my view, it drives growth. we know this works. we are expected to get some details of the new tax rates september 25. trace: what about the democrats? because the democrats are saying we are working with the president but we will not work with the president if there s any kind of tax break for the w. here s what nancy pelosi said. they are saying yesterday they re not going to give any tax breaks to the high-end. we will see when we see it in writing. that was news to me.
it is absolutely ludicrous we re talking about only increasing the retirement age, you know, by 2050 to age 68. americans are going to have to work to live to the 70th birthday, that counts for everybody, no special exclusions, including public sector workers and neither party is really willing to talk about those things because they re afraid of the political consequences. jenna: that gets us to a back and forth. jeffrey, we have time for one more quick comment and i apologize for the lack of time on this, but when we talk about cutting spending we get a reaction from the white house budget director that says if you cut spending you will cut off all job growth that s happening now in this very meager recovery right now, but does spaoeulment spending like medicare spending, does that create jobs? i think in the longer term, we certainly do have to address spwaoeuments. i disagree with peter, who implied that nancy pelosi somehow has to do with the increase in spwaoeument spending. th