Page 5 - Static Analysis News Today

Some of the controversy thats surrounded 9-9-9 and make a go of this after a not very great debate. >> paul: jason, is this a better plan politically, lets talk about it than cain. >> a flatter code is preferable to what we have. it will attract more investment and economic growth. in that sense, sure. hes making it operational and trying to get ahead of some of the push back that hes expecting whether to raise enough revenue and that will be the key question here. the critics who are going afte...

Some of the controversy thats surrounded 9-9-9 and make a go of this after a not very great debate. >> paul: jason, is this a better plan politically, lets talk about it than cain. >> a flatter code is preferable to what we have. it will attract more investment and economic growth. in that sense, sure. hes making it operational and trying to get ahead of some of the push back that hes expecting whether to raise enough revenue and that will be the key question here. the critics who are going afte...

Raise enough revenue to finance the government. but it gives this man -- >> and let me ask, how could it? if you are paying more than 20%, you opt for his. if you are paying less than 30%, you opt for the old one. >> but if everybody gets a tax cut, you are going to end up with less revenue. >> right. by giving the option, you right away are guaranteeing you arent going to have enough money. >> the only thing that can cover that would be a surge in growth that would bring in a gusher of tax rece...

Those three taxes. >> mike: as you know im a strong advocate for the fair tax. see you see thises an an intermediate step ultimately having taxes on consumption and not punishing people for productivity which is what the fair tax is about. >> yes. >> mike: are you hoping thats the ultimate goal? >> that is the ultimate goal, but we needed to provide some certainty to the business community and to workers today. thats what the 9, 9, 9, plan. mike, its interesting ever since i proposed that and ge...

zandi and veteran political journalist ron brownstein of the "national journal" and peter baker of the "new york times." im candy crowley, and this is "state of the union." herman cain and michele bachmann were on this show the day after the iowa straw poll in august. she won, he was fifth, but unbowed. >> this campaign has encouraged and our momentum continues to grow. >> reporter: in an august quinnipiac poll, bachmann ranked third among republicans with 12%. cain just 5%. now in...

countries. the announcement comes on the same day france, belgium, and luxembourg agreed to rescue dexia, a major franco belgian bank. a couple of hours ago, i spoke with cnns senior international business correspondent, richard quest. he tells me that what is going on in europe is very similar to what happened in america back in 2008. >> you really dont want the investment bank to fail. why? because a big investment bank failing of this particular time would cause a ripple of crisis o...

analytics chief economist mark zandi and veteran political journalist ron brownstein of the "national journal" and peter baker of the "new york times." im candy crowley, and this is "state of the union." herman cain and michele bachmann were on this show the day after the iowa straw poll in august. she won, he was fifth but unbowed. >> this campaign has encouraged and our momentum continues to grow. >> in an august quinnipiac poll, bachmann ranked third among republicans with 12%. ca...

>> make it flat, more simple, less confusing, perhaps put lawyers and accountants out of business. is it possible, would each of you accept that if i could get a yes or no, that in the end the government got more money, more revenue as long as you were satisfied with the details of tax reform? >> i think the government would end up with more revenue under any analysis that i have seen that is not a static analysis. in other words, if you look at how the behaviors are going to change, you encoura...

Increases. its whats called a so-called static analysis. and i was talking about williams at the tox policy center, he said, well, if p you factor in behavior those rate hikes would have to be higher. >> goodness. howe how about -- >> thats not really tenable. >> yeah, yeah, yeah, yeah. so how about cutting spending? what would you have to cut, right? and lets start with discretionary spending, right, to reduce the deficit by whats necessary to reach the goal by 2015. >> discretionary spending i...

Were getting rid of it. >> melissa: the two guys that you saw up there, pardon my french, these are two bad ass guys from goldman sachs who understand math and accounting and how things work. they got up there and presented what they thought was going to be a lower effective tax rate for people. thats net net net. they also think the presidents goings to be able to get it through. listen to this. >> this isnt going to be easy. doing big things never is. we will be attacked from the left and we w...