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Elderly americans, you concede they would, in fact, pay more. >> not the elderly. that's two different groups. let's talk about the eldly. you don't pay taxes on your social security income. it replaces the capital gains tax. many of the elderly make money off of their investments, they won't pay that. tax on dividends and tax on income generated from investments, you only pay once. so in that sense, it helps the elderly. >> the other defect in the plan comes from fellow conservatives who say, you got some problems here. this is what "the wall street journal" said about it this past week. the ...

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Rally behind him. last night was an important moment for perry. he didn't seize it. he struggled to stand out on stage vertually disappeared for much of the debate. when asked to explain his jobs plan or lack thereof, here's what perry said? >> i'm not going to lay it out for you tonight. mitt's had six years to be working on a plan. i've been in this for about eight weeks. >> this was a debate only about the economy and perry didn't seem to be ready for that. he didn't have to deal with immigration questions. he didn't have to deal with hpv questions and he still struggled. let's get to the m...

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Themselves to get into the hole. when i say if they had done this a year ago anticipating this it would have worked. he is right. >> chris: but is the cain plan right or wrong now? >> the cain plan can't work now. it cannot work now. simply because they waited too long. and this is part of the problem. they wait until the problem is at a disaster point and then go to the american people and say we have no choice. that is not leadership. decisionot good tee sition making. >> chris: we talked about this during the south carolina debate. you say abolish the irs and income tax and replace it with ...