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From the house of representatives as 40 votes to repeal obama care and i feel that maybe has a little bit of an effect on how seriously, how much the white house thinks they re getting a good give and take here. congressman jason chaffetz, i appreciate you coming on today. i d love to have you back any time you want to come. joining me now, david cay johnston, a columnist for taxanalyst.com. david cay johnston, this is what you hear in the argument about corporate tax rate. both from kind of center left economist, establishment types, republicans. they say, look, we have the highest corporate tax rate in the world. it s making us competitive. everybody believes we should bring it down. everybody believes in tax reform. are they right? well, we do live in a competitive world, chris, and other countries have lower rates. just lowering the rates doesn t solve anything. there s a proposal here in the president s speech today which had basically nothing new in it for a minimum tax on fo ....
You hear in the argument about corporate tax rate. both from kind of center left economist, establishment types, republicans. they say, look, we have the highest corporate tax rate in the world. it s making us competitive. everybody believes we should bring it down. everybody believes in tax reform. are they right? well, we do live in a competitive world, chris, and other countries have lower rates. just lowering the rates doesn t solve anything. there s a proposal here in the president s speech today which had basically nothing new in it for a minimum tax on foreign earnings. trust me, it will take somewhere between two and five years for the tax engineers to figure out how to turn that into the maximum tax. right. and pay less that s an iron law of tax policy. the minimum becomes the maximum. that s exactly right. so my question to you here s the problem i have with the way we talk about tax reform. people talk about tax reform like there s going to be some process in ....
this volatile republican nominating contest. since the last debate nearly a month ago, rick santorum has surged into the lead in the national polls. but it s a mitt romney-santorum dead heat in one of the states that votes next, that s michigan. and the polls here in arizona suggest a late shift here perhaps in governor romney s favor. our chief political analyst gloria borger is here to get us started. gloria let s focus on the poll here today. we had a poll out yesterday that showed a relatively close rates here. but if you look at the nbc marist poll they show governor romney with a pretty big lead, a healthy lead here. a lot of debates within the campaigns about the number. but why arizona apparently shifting in romney s favor? well, first of all, very very fluid as you know. and there s been a lot of changes in the last four or five days. and the shift has been to romney. you can t say it s because he s got a lot of ads on the air. you could also say perhaps an ....
we re in mesa, arizona, tonight s cnn arizona republican presidential debate. it s been about a among since they last faced off and since then even more upheaval. rick santorum is now the surging candidates and the one for mitt romney to beat tonight. both men we are campaigning down to the wire and may have given each other press ammunition. he s here with us, going through the details. what s the latest? for the top two candidates, the devil is in the debails. two potential flash points. tonight mitt romney s new tax plan and rick santorum s faith-based brand of politics. he made what could be a risky move, a plan that could come under fire. i m going to lower rates across the board for all americans by 20%. it will last setting the top bracket for the wealthier earners at 28%, and cut the corporate tax rate to 25%, lower than the 28% proposed by the president, but higher than his gop rivals. romney would offset some of those cuts by limiting popular deductions ....
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