generates less revenue whereas lower tax rates produce higher revenue. you would replace the personal income tax with a flat tax -- at what rates? >> at 10 and 25%. you do your income tax on one page at 10-25% rate and then for businesses we get rid of all the taxes and replace it something similar to the fair tax. laffer curve is playing out in california. they continue to raise taxes, my home state. what is happening that tax revenue to the government is decreasing and now we're facing a $20 billion budget deficit out of roughly $100 billion budget. >> gregg: you would replace the corporate tax with a business consumption tax and abole wouldish taxes on capital gains, lots in the book including immigration and a whole lot of other things. name of the book "restoring the
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