Dem Rep. Tim Ryan: Simplify The Tax Code, Lower Corporate Tax Rate

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Democratic Rep. Tim Ryan called for tax reform on Thursday's edition of Morning Joe.

"I think we need to simplify the tax code, I think we need to lower the corporate tax rate. We can't just be the party of redistribution of wealth, we've got to be the party of creation of wealth," he said.

REP. TIM RYAN (D-OH): Let me be clear, I don't think we can be hostile to business. I think, you know, while we can be for a progressive tax code, we can be for an increase in dividends and corporate - other kinds of business taxes - I think we need to simplify the tax code, I think we need to lower the corporate tax rate. We can't just be the party of redistribution of wealth, we've got to be the party of creation of wealth, and not just in Silicon Valley and Wall Street - In Youngstown, in the South - we have to create new wealth in this economy and I really want the Democrats to be the party that's going to get their arms around this big issue.

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