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Cable companies 35 years ago and brought to you today is a Public Service by your local cable or satellite provider. Tomorrow morning on washington journal, house andg and on senate races in next yours collection. Discussion on the mccutchen versus sec decision that struck down limits on the total amount of money a person can contribute to federal elections. Our guest is the chairman of the federal election commission, lee goodman. Of foreignn policy magazine joins us. Washington journal is live on cspan every morning at 7 00 a. M. Eastern. Right now on cspan, a conversation from this mornings washington journal on proposes to change the tax code. Our conversation on this tax day takes a look at the fairness of the tax system. Andguests, Rebecca Wilkins william mcbride. To both of you, thank you for joining us. One of the reasons we wanted to come on was a question pull pose ....
I have to agree with the deputy general, i dont know what i dont know which 106 out of how many . Someone over 300. The third, i would hope that it is true that not every swiss bank engaged in this kind of conduct. So i think about onethird was a remarkable response to the program. Yours in the department of justice has made no explanation whatsoever . We really dont measure . Were at the atc been finalized i believe that narrative glosses over the years of widespread misconduct across the bank. They asserted that they would have turned over the name of account holders but they were prevented from doing so by swiss bank. Secrecy laws. However it appears that fa tc loopholes in the 2009 protocol wont permit u. S. Authorities to give names for accounts close before 2009. This means its highly unlikely the United States will be able to collect much of the loss tax revenues from aliens hidden overseas. I dont buy their narrative. The < ....
If you go to our facebook page, and informal whole will let you participate in the question were doing this morning. We will show you the results of that hole the morning. It can also tweet us your responses. If you want to email us your , you can do so at cspan. Org. Do you consider the amount of tax have to pay too high, about right, or too low. Are asking you the same thing about your taxes. Facebook is available to you as well, not only to leave your comments, but you can also participate in the poll. It is not scientific, just a responding poll. To those who have artie, though saying to high, 100 71 people. Those hearing about right are 76 people, and though saying their tax bill is too low, about 11 people so far. You can participate in that poll. You can tweet us your responses. You can also send this email. Send us email. Aaron fisher starts it off on twitter. From some of you this morning. William in cypress, texas says his taxes are too high. First of all, william, thanks for ....
Improvement in that the guard. Would be ao brackets further simplification. But youre right that we have software now and most people use turbotax and Something Like that. That is not the biggest sort source of complexity. Biggest source is the stuff is mrs. Have to put up with current that is arcane stuff like how many right off for your investments. Over other complexity for individuals, the credits they received, the earned income tax very little understanding of that by the recipients. Fraud in that of program as a result. Qwest should it be maintained yaks . Guest should it be maintained . Guest no. There is 11 billion a year due to improper payments. You make changes to it as far as businesses and how they are tax . The complexity there is many fold. Labor cost in businesses, they write is off immediately. Expenses,investment equipment, machines, computers, must be written off in years and decades. This is complex. I do not ....
That woman here and then the gentleman in the back near the camera. Thank you. As china embarks on its economic reforms, im wondering if mr. Paulson could talk about the secrecy of these reforms especially in the financial reform area. The secrecy is very important of a reform because, for instance, if you normalize the labor market with, you know, and let everyone migrate to the big cities and take their benefits with them, you have them flooding beijing. They cannot accommodate more people. How do they do that . They are going to normalize the market for second and third tier cities first. The Financial Market reform, you know, they are going to need a budget responsibility. They have to be held accountable and have sources of revenue that they can call on, but right now mayors dont have budget responsibility and they dont have Financial Statements that are transpar ....