CODES, LET'S TAKE THEM OUT,

LET'S SEE WHAT STEVE MOORE

THINKS OF THE IDEA.

THANK YOU FOR BEING HERE.

>> THANK YOU, DAVID.

DAVID: WE KNOW THAT EVEN A

GREAT PLAN CAN'T EXIST IN A

UNFUNCTIONAL CONGRESS.

IT LOOKS LIKE THAT IS WHAT

IS HAPPENING.

WE'LL GET TO DETAILS OF WHAT

IS GOING ON INSIDE HOUSE.

BUT FIRST, I LOVE HOW

DEMOCRATS ARE NOW TALKING

ABOUT THE UNFAIRNESS OF OUR

TAX CODE.

WHEN THEY HAVE DONE SO MUCH

TO LOAD IT UP WITH THE

UNFAIR DEDUCTIONS.

HOW DID -- DO YOU THINK

THERE WOULD BE ANY OF THOSE

DEMOCRATS WHO JOINED A

REPUBLICAN MAJORITY IN AN

ACTUAL FLAT TAX?

>> WE HAVE BEEN TALKING

ABOUT THIS FOR 20 YEARS

SINCE WE WORKED TOGETHER AT

"WALL STREET JOURNAL" MANY

YEARS AGO, IT IS SUCH A

WONDERFUL IDEA.

I DON'T HAVE TO EXPOUND OUT

VIRTUES OF A SIMPLE LOW RATE

FLAT TAX SYSTEM.

MY WIFE WAS JUST TELLING ME,

IT'S THE NEW YEAR, WE HAVE

TO WORRY ABOUT OUR TAXES

NOW, SHE DOES THE ACCOUNTING

THAT DOES NOT PUT HER IN A

GOOD MOOD.

I THINK THAT THE TIME IS

RIPE FOR THIS.

WE HAVE DONE UNDER BIDEN IN

FIRST TWO YEARS, IS CONTINUE

TO ADD THIS MANURE TO TAX

SYSTEM, AND CRAZY LOOPHOLES

AND DEDUCTIONS, THEN YOU

HAVE TO HIRE LEGIONS OF TACK

LAWYER -- TAX LAWYERS AND

ACCOUNTANTS AND GOVERNMENT

SIDE HAS TO HIRE MORE IRS

AGENTS, THERE IS ONE

OTHER ELEMENT TO THIS, WHICH

MAY BE MOST IMPORTANT, IF

YOU SIMPLIFY THE TAX SYSTEM,

GET RID OF THE LOOPHOLES AND

TAX DEDUCTIONS, THEN YOU CAN

LOWER THE AMERICAN TAX RATES

WHICH REAGAN AND TRUMP HAVE

PROVED THAT WHEN DO YOU

THAT, YOU GET MORE GROWTH,

MORE CAPITAL COMING TO

UNITED STATES, MORE BUSINESS

FORMATION WHAT IS

NOT TO LIKE.

DAVID: THERE WAS A LOT OF

HOPE IN BEGINNING OF TRUMP

ADMINISTRATION EFFORTS WOULD

BE MADE TO SIMPLIFY IT, TO

GET DOWN TO A FLAT TAX TAXES

DID GET FLATTER, BUT

THIS SIMPLIFICATION WAS

NEVER PANNED OUT THE WAY A

LOT OF US HOPED.

WHY WAS THAT?

WAS IT LAWYERED AND

ACCOUNTANTSES AND LOBBIES

THAT PUSHED AGAINST IT.

>> YOU BETTER BELIEVE THAT,

IT IS A MIRACLE WE GOT

ACCOMPLISHED WHEN WE DI

REMEMBER THAT FIRST MEETING

WITH DONALD TRUMP, LARRY

KUDLOW AND I LAID OUT A PLAN

AND TRUMP LOVED IT, WE GOT

ABOUT 50% OF WHAT WE WANTED.

MANAGE THAT SIMPLIFIED TAX

SYSTEM AND ALL SPECIAL

INTERESTING HATED IT WE

INCREASES STANDARD

DEDUCTION, YOU JUST CHECK

THE BOX AND TAKE THE NUMBER,

BUT THAT MEANT, YOU DIDN'T

HAVE TO ITEMIZE YOUR

DEDUCTIONS, SPECIAL

INTERESTS HATED THAT DAVID,

THEY LIKE THE PEOPLE TAKING

ADVANTAGE OF ALL OF THESE

LOP HOLES, THAT -- LOOPHOLES

THAT MEANT FOR ABOUT 70% OF

AMERICAN TAX FILERS THEY NO

LONGER HAVE TO ITEMIZE

DEDUCTIONS.

DAVID: AMAZING HOW A SMALL

GROUP OF PEOPLE CAN PUSH

AGAINST SOMETHING THAT IF

YOU EXPLAIN IT TO FOLKS, IN

A SIMPLE WAY, IT IS A

SIMPLIFICATION.

IT IS NOT

DIFFICULT TO EXPLAIN IT WOW

WOULD UNDERSTAND THIS IT.

BUT THE SMALL GROUP OF

PEOPLE CAN THEY STILL --

WOULD THEY AGAIN BE ABLE TO

PREVENT IT FROM HAPPENING

THE LOBBYISTS?

>> I SAID, REMEMBER WHEN

TRUMP RAN FOR PRESIDENT ONE

OF HIS MOST MEMORABLE

PHRASES, HE USED TO SAY

DRAIN THE SWAMP.

WE DID SOME DRAINING BUT NOT

A LOT.

IF YOU WANT TO DRAIN THE

SWAMP, I CAME TO THE

RECOGNITION YOU HAVE TO

CLEAN UP THE TAX

SYSTEM, THAT IS WHERE ALL OF

THE BUYING AND SELLING OF

POLITICAL FAVORS IS DONE.

GIVEN THE FACT THAT BIDEN

NOW IS SAYING, LIKE WE HAVE

TO DOUBLE THE SIZE OF IRS,

PEOPLE SAYING WHAT?

YOU WANT TO BUILD BANKING

STADIUM WITH MORE IRS AGENTS

IN THERE HAS TO BE A BETTER

WAY, THE MOMENT MIGHT BE

RIGHT IT USED TO BE, A LOT

OF DEMOCRATS, I CALL JFK

DEMOCRATS OF YESTERYEAR,

THEY WERE FOR THAT.

>> THIS BRINGS US TO TODAY,

WE HAD EVERYONE FROM KEVIN

McCARTHY TO JIM JORDAN AT

ONE POINT WAS RUNNING

AGAINST KEVIN, HE PUT HIS

NAME UP FOR A NOMINATION

DURING SECOND ROUND.

THIS COULD BE ONE ISSUE THAT

COULD BRING THE REPUBLICANS

TERK RIGHT NOW.

TOGETHER RIGHT NOW.

COULD THAT BE -- COULD

SOMETHING LIKE THAT BE WHAT

WOULD BRING REPUBLICANS TO

TOGETHER IN THE HOUSE?

>> A GREAT IDEA, LIVE THE

WAY YOU THINK, I THINK THERE

IS SOMETHING TO THAT, A

UNIFYING MESSAGE THAT WOULD

REACTION RESONATE WITH THE

AMERICAN PUBLIC.

REPUBLICANS NEED THAT

RIGHT NOW AFTER THE ATROCITY

OF THE -- I CALL IT OMNI

BUSTED BILL IT BUSTED OUR

COUNTRY.

ACTIVISTS ARE ANGRY AT

PEOPLE IN WASHINGTON FOR

DOE, THAT THIS WOULD BE A

WAY OF MAYBE WINNING BACK

PEOPLE'S TRUST.

DAVID: YOUR NEWS LETTER THAT

I GET EVERY DAY IS

UNVALUABLE, THE LEAD STORY

ON THIS IS FROM THE

WASHINGTON EXAMINER, MITCH

MCCONNELL WHO WAS FOR THIS

OMNI BILL AND PUSHED IT IN

SENATE, HE WILL HOST

PRESIDENT BIDEN IN KENTUCKY

FOR AN EVENT CELEBRATING THE

PRESIDENT'S ECONOMIC PLAN,

WHAT IS THAT ABOUT?

>> THAT -- GOOD QUESTION.

THE BIDEN WANTS TO

BIPARTISAN -- QUOTE VICTORY

TOUR FOR A BILL THAT ADDED

HUNDREDS OF BILLIONS OF

DOLLARS MORE TO OUR DEBT,

REPUBLICANS SHOULD NOT GET

NEAR, THAT ANY REPUBLICAN

THAT VOTE FORWARD THAT BILL

SHOULD GO TO CONFESSION.

IT IS A TERRIBLE BILL, TIME

TO -- NOW THAT REPUBLICANS

ARE TAKING OVER THE HOUSE,

WE DON'T KNOW YET WHO

SPEAKER WILL BE, BUT IT

BETTER BE SOMEONE THAT WANTS

TO SIMPLIFY TAX SYSTEM

AND CUT WITH A CHAINSAW THE

OUT OF CONTROL SPENDING.

DAVID: THE LINE WOULD GO

AROUND THE CAPITOL.

I DON'T THINK THAT WILL

HAPPEN.

STEVE MOORE GR