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[inaudible conversations] you can watch this again anytime on the website, cspan. Org. And now we want to introduce you to the Lieutenant Colonel director of the marine band. What is your job, Lieutenant Colonel . Im the 28th director of the marine band and my job is to lead the band and performances and im the Commanding Officer of this unit as well. And how big is the unit lacks we have 154 dedicated members and its designed to cover multiple commitments at the same time and to cover a wide span of different types of performances that we are required to do for the white house and across the capital region. In a practicin the practice l we saw about 50 members and the band is about 154 mark 154 . That includes the musicians and a Chamber Orchestra an ....
And its been a while since we didnt have any the irs is going to become increasingly dysfunctional in terms of its basic mission. And my concern is not what do we collect with our own efforts, my concern is at some point the voluntary Tax Compliance system begins to erode. And thats not an on off switch. And you cant wake up one day and say, wow, i didnt know that was going to happen, heres some more money. So part of the reason im so serious about this is that people need to understand the fiveyear implications and ramifications of where were headed. And as ive said in other contexts, i dont want anybody to say we didnt warn you. So you should treat this as your warning that this is a real problem, and its a serious problem, and were beyond the simplicity of saying well, well cut your budget and youll be more efficient. Or well make sure you know what youre doing, you know . Cut our budget again and i know what were going to do. ....
If they are putting something comprehensive, what do you think the must dos art deco are . We want to broaden the base, get rid of as many deductions as we can and get the rates as low as we can. The tricky part is Corporate Tax reform and individual tax reform. The ambitious list that chairman baucus and chairman camp set out is to do both simultaneously. That is difficult, even in the house where they have the votes and the political support. In the senate it was an uphill battle. With chairman baucus leading the charge. Now that we are shifting to a new chairman, the of the climb got a lot steeper. Host if you want to talk to Brandon Arnold and eric toder about tax reform efforts, our phone lines are open. While folks are dialing in, it eric toder of the urban brookings tax policy center. Talk about when the last time such a big list was taken by congress. In the corporate ....
We take you through the details and impact of that announcement. We are asking our viewers what you think Ben Bernankes legacy will be when he steps down from the fed. Give us a call. Epublicans, 202 5853881 democrats, 202 5853880. Independents, 202 5853882. Outside the u. S. , 202 5853883. You can also catch up with us on twitter, facebook, or email us. A very good thursday morning to you. Ofwant to begin with some the front pages about that ben bernanke press conference. Here is the financial times. A picture of ben bernanke. A historic end to the tenure. Over to the front page of usa today money section. A bit from the front page of the wall street journal. That is the lead to that story on the front page of the wall street journal. Here he is announcing the decision to taper monthly asset buying. [video clip] let me just say that one of the things i am proud of and i have tried to accomplish over the past eight years is to incr ....