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What s in it. four,000 changes. it s beyond redemption. why not junk it and start over? i like a single-rate system. others valid two rates. but you could do your tax return on a sheet of paper. we spend, 6 1/2 billion hours filling out tax forms. $300 billion directly or indirectly complying with the tax code. imagine if we free that up, have a low rate, have more hour and it is only one who is lose, washington. greta: couple of quick questions. jason was when was the last time you did your own tax return? never. never. nope. i did in the late 70s, early 80s. do you understand the code and your business enough to do your own? no. i wouldn t try it. only if it was the ez form and that was simplified. i tried once and i gave it up halfway through. how did that work out for tim ....
Us. greta: that s the same issue, the prediction aspect. you say we don t know what the rules will be with the natural gas. we don t know what the rules will be with the health care. congress needs to set the rules for you and you can accommodate your businesses, but you don t know what they are? we don t. that s why you get the crazy thing with the natural gas $2.50 here and in europe, it s $12 to $15. you would think people would put in the infrastructure to get a convergence of prices with that difference. but nobody s going to make the investments until they know, what are the rules of the game? greta: how about the regulations for you, nick? do they get in your way you say yes. you would think we wouldn t, we re a small webcasting. but our clients are investment banks, pharmaceuticals, law firms and accounting firms. they are all highly regulating exclude that rolls downscmil we are having to tweak or technology, features, remitting ....
Government has now. and so, to me, you know, the tax code is certainly very important oneful i think we can get the tax code fixed, flattened out, simplified, that would be very positive not just for our business but for the american economy. greta: is fixing the tax code the place to start? we have a panel of business leaders. steve forbes, carly rony, devoted to weddings, and pregnancy. nick waletta, talk points, a new media couple of business-to-business webcasting. and jason ackerman, director of fresh direct. steve, i know that tax is one of your favorites. is the tax code where to start? that s giving you one. [chuckles] yeah, you know the numbers. the tax code when you take the attendant rules and regulations, 9 million words, nobody knows ....
Government has now. and so, to me, you know, the tax code is certainly very important oneful i think we can get the tax code fixed, flattened out, simplified, that would be very positive not just for our business but for the american economy. greta: is fixing the tax code the place to start? we have a panel of business leaders. steve forbes, carly rony, devoted to weddings, and pregnancy. nick waletta, talk points, a new media couple of business-to-business webcasting. and jason ackerman, director of fresh direct. steve, i know that tax is one of your favorites. is the tax code where to start? that s giving you one. [chuckles] yeah, you know the numbers. the tax code when you take the attendant rules and regulations, 9 million words, nobody knows ....
Is insulting to every entrepreneur in america. greta: welcome to a special hour of on the record, open for business. now, what are the biggest challenges facing businesses right now in how can they create more jobs and boost our economy? who would know more than the business leaders themselves? we have a very successful panel of guests for this special edition of on the record, open for business. how are the health care law regulations, european crisis and our president helping or hurring our businesses. they will tell you themselves. steve forbes, carly rony, ceo and founder, content officer of xo group, formerly, the knot, devoted to weddings, pregnancy and home planning. nick waletta, a new media company that focusing on bbso business-to-business web casting. and fresh direct, a grocery ....