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Detailed text transcripts for TV channel - FOXNEWS - 20111025:13:02:00

Does mitt romney and herman cain, do they have an obligation to respond to this this. it certainly puts pressure on myth rom now because two of the leading three republican candidates have adopted some form of radical tax reform, simplification and lower flat tax rates. governor romney has come out with a 59-point plan. it will be hard to rationize 59 points, simplify it and come out with a fair tax of his own, but he might try, he might feel pressured 20 pressure to try because of the ground gained by herman cain and governor perry, with their own proposals on taxes. bill: back to perry specifically, it s a voluntary idea? why do you believe that the voluntary principle is so critical? i think it would make it easier to pass this idea politically, because you re not forcing anybody to either pay more tax or to pay a certain rate of tax. you re offering a choice. the all-tax system or the new flat rate system. so that half of the ....

Mitt Romney , Tax Reform , Herman Cain , Myth Rom , His New Mortgage Plan , Flat Tax Rates , A Little Bit , Flat Rate System ,