Glenn Hubbard

What Governor Romney is proposing is an across-the-board cut in marginal tax rates for households, every household in America by 20 percent. And we'll have to broaden the base to pay for that. Also, a very deep cut in the corporate rate.

We pursued the wrong policies. George Bush is not on the ballot. Bill Clinton is not on the ballot. Mitt Romney is on the ballot, and Barack Obama is on the ballot. And Mitt Romney is proposing tax reform, regulatory reform, a wise budget strategy and trade. The president has proposed tax increases.

The way you have bipartisan negotiations, you sit down across the table, as we did with Ted Kennedy, as I've done with many other members, and you say, 'OK, here's what I want, here's what you want. We'll adhere to your principles, but we'll make concessions.'

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