Pete and Karen joins Jim as they celebrate the life of their friend and colleague, John Berthoud, who died at the much-too-young age of 45. John was a long-time Brain Trust member and a tireless champion of economic freedom, tax reform and efficient government.

Jim and Peter discuss national tax issues and what decisions the next president will have to make about tax policy.

Peter joins Jim while he broadcasts live from Washington, D.C. They talk about the tax refunds Enron and other companies want on the money they didn't even earn.