Stephen Moore talked about his recent Wall Street Journal opinion piece that perhaps the current economic climate is a good time for tax reform similar to changes made during the Reagan administration in which the top tax rate was reduced from 50 to 28 percent. He responded to telephone calls and electronic communications. Other topics included the new Joint Select Committee on Deficit Reduction and a flat tax rate.

C-SPAN Radio's Nancy Calo read news headlines at the end of the program.