U.S. Taxes Disorganized, Dysfunctional: Rossotti

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Oct. 15 (Bloomberg) -- Charles Rossotti, operating executive at Carlyle Group and former IRS commissioner, discusses the lack of true tax reform by the U.S. government. He speaks on Bloomberg Television’s “Bloomberg Surveillance.”

Between the house and the senate on some kind of deal.

The former commissioner of the internal revenue service, this barely does justice to his public service.

1965 he was one of robert mcnamara's whiz kids.

This is not the washington of robert mcnamara or anyone else you knew.

This is a new world.

I have never seen anything this disorganized or dysfunctional.

The question i get constantly, where is tipper o'neill, where are ronald reagan?

Are they not out there?

I do not know.

I do not see ronald reagan on the scene.

He's the only one that did a true tax reform in 1986. excuse me -- the only time in the last 60 years there has been a true simplification.

Everyone hates the tax code except washington lobbyist.

Anytime you try to sell something on taxes, people use the word tax reform.

He had 16 special credits underneath.

The carlyle group, have you seen a drop in confidence?

On very short-term things related to the federal government?


Some contractors are obviously concerned, but it is odd how resilient most of the business actually is.

I/o like $14 and $.86 to the

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