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And we're replacing them with a 9% visible tax. for example, take a loaf of bread. the farmer pays taxes on his profits. the company that makes the flour, the baker, the delivery man. by the time that loaf of bread gets to the grocery store, there are a series of invisible taxes, ich are also called embedded taxes. so in reality, those taxes go away, and so the price of goods don't go up. >> you're saying they actually go down? >> yes, they actually go down. >> based on what? >> based upon competition. competition drives prices down. for example, suppose one breadmaker says i'm going to charge...

Invisible taxes that are built into everything we buy. we'll simply -- those invisible taxes are going to go away. and we're replacing them with a 9% visible tax. for example, take a loaf of bread. the farmer pays taxes on his profits. the company that makes the flour, the baker, the delivery man. by the time that loaf of bread gets to the grocery store, there are a series of invisible taxes, which are also called embedded taxes. so in reality, those taxes go away, and so the price of goods don't go up. >> you're saying they actually go down? >> yes, they actually go down. >> based on what? >>...

9% visible tax. for example, take a loaf of bread. the farmer pays taxes on his profits. the company that makes the flour, the baker, the delivery man. by the time that loaf of bread gets to the grocery store, there are a series of invisible taxes, ich are also called embedded taxes. so in reality, those taxes go away, and so the price of goods don't go up. >> you're saying they actually go down? >> yes, they actually go down. >> based on what? >> based upon competition. competition drives prices down. for example, suppose one breadmaker says i'm going to charge $2.20 for a loaf of bread, and ...

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