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bad idea as representative ryan say. you tax something more, you get less of it. i couldn t have said it any better than representative ryan. it is a bad idea. secondly, if you were to tack the millionaires more using that bad idea, it still doesn t solve the problem of how do you reduce spending? that s just class warfare flowering, in my opinion. and it is not going to help. chris: generally speak wag do you think of the president s deficit rediagnostic plan? he is going to address entitles entitlements. he s going to ask for supposedly 800 billion dollars, including this millionaire s tax in new revenue. right. the speech that he gave that was supposed to be a jobs plan was not. he put one thing this there to take the payroll tax down by 50% for the employer and employee. that is small potatoes compared to what the big problems are. my anticipation with a lot of other people, when he comes ....
Even which is fifteen.3%. if you don t on a corporation your tax guess from 15.3 to 9. on the national chris: what about 45% who don t pay any income tax now? a good economic growth plan should not be designed to help more people not pay taxes. let me give you the statistic as to why. 50% of the taxpayers, pay 97% of the taxes. what are we supposed to do get that number 50% paying 100%? no. chris: i m not saying it is wrong. they are going to end up paying some taxes but not necessarily more. here s why, the individual taxpayer will decide, how they spend their money in terms of the 9% sales tax. their behavior will determine how much tax they pay. only if they spend every dime ....
They make will they pay the full 9%. it will encourage savings and people to be more responsible for their own decision-making. chris list mr. cain, two leave it there. it chris mr. cain, we have to leave it there. we ll have to color it more. we will have it officially scored. i m going to try to get my advisers to allow know use their name. chris: we would like to have them and you back. see you thursday in florida. i ll be there. chris: more on the gop presidential contest as the new front-runner cop unheavy fire. we ll ask our sunday group if rick perry can hold up to all the attacks. ....
Think about the fact that corporations now are looking at for the next year and few months, a 35% corporate tax rate. to wake up and say you mean the tax rate is going to be 9%? that is going to inspire the business community. secondly, small businesses which generate most jobs are going to be excited. it is going to treat subchapter s and s corporations the same. the president doesn t understand and a lot of people don t understand when he throws around numbers like everybody making over $250,000 impose another tax, he s punishing small business. with the subchapter s corporation, if you eke out a profit, you have to run it through your personal income tax and you could be penalized, if you make too much money. chris: you say this plan would be revenue neutral. reduce rates, lower rates, eliminate deductions and we would end up with the same amount of total revenue for the government as what we currently have. we went to your website to try ....