The Daily Ticker's Aaron Task sat down with Steve Forbes, CEO of Forbes Media and noted Republican, to discuss some of the most pressing financial news stories of the week. Read below and watch the video above for Forbes' opinions on the IRS, Eliot Spitzer, Steve A. Cohen, the Federal Reserve and more.
Abolish the IRS
On Tuesday President Obama promoted what he called a “grand bargain,” where he would spend more on job creation in exchange for a rewrite and overhaul of the business tax code.
Obama’s proposed compromise comes on the heels of intense scrutiny surrounding the IRS after revelations that its agents targeted Tea Party members and growing concern about a complicated tax code in America.
Republican congress members have so far rejected the President’s proposal. “This proposal allows President Obama to support President Obama’s position on taxes and President Obama’s position on spending, while leaving small businesses and American families behind,” says Michael Steel, aRead More »from Abolish the IRS and Simplify Tax Code: Steve Forbes