Consumption System News Today

Fun mental reform that chairman brady has laid out for us. >> neil: and the other thing is how to pay for the tax cuts. youd have a border or adjustment tax or something like that. is that part of this mix? >> yeah, absolutely but not necessarily a pay for. people are mischaracterizing that. what this is, because were going to a consumption system, it wouldnt be fair for us to tax businesses here in america but not tax businesses overseas sending products into this country. so everyone will get ...

Basically a 9% price increase on every automobile sold in america. that would pretty much -- that would be the most destructive thing anyone could think of for the american automobile industry, isnt it? >> its not just that. since theres no mention in cains plan about any exemptions, we have to assume that if you go to the hospital and you have a $100,000 operation, youre going to have to pay $9,000 more on top of that. all food, all clothing, rent, would have to be covered. but ive heard him sa...

America. that would pretty much -- that would be the most destructive thing anyone could think of for the american automobile industry, isnt it? >> its not just that. since theres no mention in cains plan about any exemptions, we have to assume that if you go to the hospital and you have a $100,000 operation, youre going to have to pay $9,000 more on top of that. all food, all clothing, rent, would have to be covered. but ive heard him say at the same time, i didnt read this in his plan, i heard...