Detailed text transcripts for TV channel - FOXNEWS - 20101020:16:47:00 : vimarsana.com

Detailed text transcripts for TV channel - FOXNEWS - 20101020:16:47:00

talkers about 2012 already. everyone is skipping past the midterms. moving on. going on to 2012, wow! bring on the panel. former governor of virginia and senator george allen of. marie i can't core don't that, former advisor to hillary clinton campaign. nina easton. fox news contributor. ladies and gentleman, thank you so much. >> thanks for having us. >> we have seen a lot of questions about taxes. we had a great tax question coming from jamie. what is wrong with just having a flat tax? as we approach the lame-duck session and the bush-era tax cut question, why can't we have a flat tax? >> that's a great question. i think there's going to be a lot of attention after 2012, or after this election, 2010, sorry. about simplifying the tax code which is what the flat tax tries to do. the problem politically is that it can be regressive. our income tax code is set up now, it is called

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