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Detailed text transcripts for TV channel - FOXNEWS - 20111023:03:04:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20111023:03:04:00

Income tax which we have now and high sales tax nationally that's a problem. initially, if you actually enacted it just like what i expect to be the perry plan, you have a lower rate, you have some simplicity versus the current system, you get more economic growth. >> why go to that problem when you go just go to the flat tax. >> without introducintroducing. take the income, subtract out investments and pay tax on what's left. it's so much cleaner, simpler, not, you know, aen doesn't run the risk that james is describing. >> paul: kim, let's get you in here. you've got john huntsman and newt g...

Detailed text transcripts for TV channel - FOXNEWS - 20111022:18:04:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20111022:18:04:00

Income tax which we have now and high sales tax nationally that's a problem. initially, if you actually enacted it just like what i expect to be the perry plan, you have a lower rate, you have some simplicity versus the current system, you get more economic growth. >> why go to that problem when you go just go to the flat tax. >> without introducintroducing. take the income, subtract out investments and pay tax on what's left. it's so much cleaner, simpler, not, you know, aen doesn't run the risk that james is describing. >> paul: kim, let's get you in here. you've got john huntsman and newt g...