The US Tax Code Is Broken

Andy Peake: We have 2.1 million in offshore corporate cash sitting there not being brought home we have the highest corporate tax rates in the world and for high income earners in the us other than hedge fund managers in states like New York and California. I think both Ron Wyden and Oren Hatch the two members of ranking members Senate Finance Committee are capable of working out something that they neither one of them likes but they both like it better than what exists now, he says. Andy Peake: If we're going to spend 21 or 2% of GDP we should probably raise 19% of GDP so you can take a gap with a couple percent without getting further into debt as a proportion