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trajectory which i think the 2010 and 2012 elections can do to get us ascending rather than declining. one of the key issues was the first issue and that's taxes. it is fine to have a freedom to choose flat tax and so forth but most people are worried about the taxes that are looming on the horizon. income tax increases. capital-gains tax increases. tax increases on dividends. in fact we now have the worst, highest corporate income tax in the world. if we want to make sure america is a capital of innovation and making sure there's more investment and more jobs, we need to make sure our tax laws are competitive and our tax burden competitively low. and what is going on in washington right now is obviously contrary to making sure that everyone has that equal opportunity to compete and succeed. jenna: governor allen, i'm going to have to stop you there. we'll be back to the town hall in just a second. we do have breaking news we have to get to here real quick. jon: that's right, jenna. in texas a middle school is
obama will be running on the democratic side. there is no question that he is leader of the democratic party. there has been absolutely no movement or frankly anyone saying otherwise in terms of people running against him in the party. we believe that most democrats believe that democrats will retain control of congress after these elections in the next two weeks, and then moving into 2012, that the economy will continue to recover and president obama will actually be in a pretty strong position to run for reelection. jenna: governor allen, go ahead and take on that question. wrap this in as well. this is from twitter. if the republicans do win both houses will we really see a change or will we be waiting on a republican president to bring in some of the change that the republican candidates are promising this year? >> i think that we need to see change right away. now obviously some measures will get vetoed by president obama but i think the people of america want to see change. they realize this country is going in the wrong direction and they want to change the
talkers about 2012 already. everyone is skipping past the midterms. moving on. going on to 2012, wow! bring on the panel. former governor of virginia and senator george allen of. marie i can't core don't that, former advisor to hillary clinton campaign. nina easton. fox news contributor. ladies and gentleman, thank you so much. >> thanks for having us. >> we have seen a lot of questions about taxes. we had a great tax question coming from jamie. what is wrong with just having a flat tax? as we approach the lame-duck session and the bush-era tax cut question, why can't we have a flat tax? >> that's a great question. i think there's going to be a lot of attention after 2012, or after this election, 2010, sorry. about simplifying the tax code which is what the flat tax tries to do. the problem politically is that it can be regressive. our income tax code is set up now, it is called