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CSPAN Key Capitol Hill Hearings December 3, 2014

Herman it expansion on section 179 and other longerterm extensions and the president blew it up so we will do a clean one year deal. Does that, kate your task next year . Yes we will have more work to do but this has more uncertainty. One question on that part of the president s objection is the income tax not being extended here which is some thing you talked about and supported. Even if youre unhappy with him on this point you take the point on income tax credit . I do intend taking up the issue on reforming income tax credit i put up a lot of put up a plan on a lot of issues surrounding poverty and i think it needs to be improved and there is some issue that needs to be addressed but those were stimulus parts of the tax code which if you recall the pitch arry summers and other made, deal. In that atmosphere what is our honest assessment of the chances for good tax reform really taking shape. It will not be for a lack of trying. We think it is fundamentally the key cornerstone for fa ....

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