Con Sumption Tax News Today

Same page. i dont think there should be a jobs czar. if there is picking a guy that is just gaming government that shows what obama thinks the private sector is for. not creating twelve match demand but trying to profit off of whatever the government is telling them them what to do. fitting. >> tim carney from washington, d.c. thank you very much. corporations arent paying, and the white house wants us to pay. who should be paying? to discuss the solution to this question, the question is who sh...

In fact, we will be at $21 trillion in debt by 2021. who is going to pay for all of this? it aint going to be the 47% of americans who pay zero or less federal income tax, households that is. end of the day its you and me picking up the tab for all the spending. maybe thats why its infuriating when you hear the big corporations with close ties to the white house arent paying their fair share. companies like g.e., google. boeing. here to break all this down is tim carney, senior political columni...

Dollars so we can build a jet engine, the military doesnt want. >> eric: neal, i have to do it before i let you go. i have to ask you. a lot of people say the problem with fair tax or flat tax, any consumption tax, vat tax it creates black market for goods. avoid a tax by doing barter trading. >> real quick. you can avoid income tax as a solo act. if you want to avoid the fair tax, it takes two for that dance. the penalties are harsh. remember, 86% of all consumer purchases of services, and good...

>> absolutely salacious. >> lansing michigan where you have to lay off people or make cuts. >> eric: that is false. that study is not apples to apples. it is exactly apples to apple. >> the reason that the federal budget is broken you did away with inhair tans tax and were tired of the trickle-down. thats what people are protesting. we want to see bottom-up. take care of the grassroots and let growth happen from bottom up instead of hoping if we let people get rich enough, some of it might trick...

The only people who pay taxes in this country are at all are individual consumers. all business tax, all corporate taxes. they all end up reflected in the price of whatever item or service that business provided. >> eric: go ahead. take it to the next step. why -- lets point this out. i should have written that a little bit better. a fair tax basically, taxes consumption, not income. so if you go ahead and buy a pack of cigarettes or a loaf of bread, six-pack of beer you are taxed on that. but y...

In fact, we will be at $21 trillion in debt by 2021. who is going to pay for all of this? it aint going to be the 47% of americans who pay zero or less federal income tax, households that is. end of the day its you and me picking up the tab for all the spending. maybe thats why its infuriating when you hear the big corporations with close ties to the white house arent paying their fair share. companies like g.e., google. boeing. here to break all this down is tim carney, senior political columni...

Dollars so we can build a jet engine, the military doesnt want. >> eric: neal, i have to do it before i let you go. i have to ask you. a lot of people say the problem with fair tax or flat tax, any consumption tax, vat tax it creates black market for goods. avoid a tax by doing barter trading. >> real quick. you can avoid income tax as a solo act. if you want to avoid the fair tax, it takes two for that dance. the penalties are harsh. remember, 86% of all consumer purchases of services, and good...

Lowering a tax, you are not giving them anything. you are not spending more. i dont see how you make that leap. you are giving revenues away you cant afford to give away. we have to balance the budget. the president moves the address the deficit reduction by $4 trillion. you look at all the choices out there. they were looking at the millionaires and billionaires who have not provided the triple-down that everyone anticipated twice over, reagan years and the second bush presidency. what were say...

>> absolutely salacious. >> lansing michigan where you have to lay off people or make cuts. >> eric: that is false. that study is not apples to apples. it is exactly apples to apple. >> the reason that the federal budget is broken you did away with inhair tans tax and were tired of the trickle-down. thats what people are protesting. we want to see bottom-up. take care of the grassroots and let growth happen from bottom up instead of hoping if we let people get rich enough, some of it might trick...

The only people who pay taxes in this country are at all are individual consumers. all business tax, all corporate taxes. they all end up reflected in the price of whatever item or service that business provided. >> eric: go ahead. take it to the next step. why -- lets point this out. i should have written that a little bit better. a fair tax basically, taxes consumption, not income. so if you go ahead and buy a pack of cigarettes or a loaf of bread, six-pack of beer you are taxed on that. but y...