Con Sumption Tax News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Same page. i don't think there should be a jobs czar. if there is picking a guy that is just gaming government that shows what obama thinks the private sector is for. not creating twelve match demand but trying to profit off of whatever the government is telling them them what to do. fitting. >> tim carney from washington, d.c. thank you very much. corporations aren't paying, and the white house wants us to pay. who should be paying? to discuss the solution to this question, the question is who should be paying, neil? look, you are a fair tax guy. explain to us the, what would happen to a g.e....

In fact, we will be at $21 trillion in debt by 2021. who is going to pay for all of this? it ain't going to be the 47% of americans who pay zero or less federal income tax, households that is. end of the day it's you and me picking up the tab for all the spending. maybe that's why it's infuriating when you hear the big corporations with close ties to the white house aren't paying their fair share. companies like g.e., google. boeing. here to break all this down is tim carney, senior political columnist for the "washington examiner." you know, tim, the big one, the mack daddy of them all right ...

Dollars so we can build a jet engine, the military doesn't want. >> eric: neal, i have to do it before i let you go. i have to ask you. a lot of people say the problem with fair tax or flat tax, any consumption tax, vat tax it creates black market for goods. avoid a tax by doing barter trading. >> real quick. you can avoid income tax as a solo act. if you want to avoid the fair tax, it takes two for that dance. the penalties are harsh. remember, 86% of all consumer purchases of services, and goods, come from major corporations, major businesses, who are not going to take that chance breaking t...

>> absolutely salacious. >> lansing michigan where you have to lay off people or make cuts. >> eric: that is false. that study is not apples to apples. it is exactly apples to apple. >> the reason that the federal budget is broken you did away with inhair tans tax and we're tired of the trickle-down. that's what people are protesting. we want to see bottom-up. take care of the grassroots and let growth happen from bottom up instead of hoping if we let people get rich enough, some of it might trickle down. tired of being trickled on. >> eric: or the bloated salary package thatos offer state and...

The only people who pay taxes in this country are at all are individual consumers. all business tax, all corporate taxes. they all end up reflected in the price of whatever item or service that business provided. >> eric: go ahead. take it to the next step. why -- let's point this out. i should have written that a little bit better. a fair tax basically, taxes consumption, not income. so if you go ahead and buy a pack of cigarettes or a loaf of bread, six-pack of beer you are taxed on that. but you're not taxed when you get your paycheck, right, neil? >> exactly so. if you live in a state with...