Detailed text transcripts for TV channel - FOXNEWS - 2011101

Detailed text transcripts for TV channel - FOXNEWS - 20111014:08:16:00

you want an efficient tax code people won't cheat on. his plan does that and lowers the rate. it's important to get rid of the corporate rate, a silly tax. >> bret: critics of this say it's regressive and would hit the poor. what do you say to that? >> i don't think it's true. it gets rid of the payroll tax that is regressive and gets rid of other taxes in the system as well. for those below the poverty level it replaces some of them so they get the taxes back. i don't think it's regressive at all. >> bret: what about the critics on the right saying once you open a spigot to washington you could have a 20-20-20 plan, because there is no, because lawmakers want to tax more down the road. >> you have got the problem with politicians. if they want to pass

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