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Speak with you. i want to switch gears to business. you say you're going to lower the marginal rates. my question s how do you do that and still manage to balance the budget? >> that's the rub always. the answer is, by lowering marginal rates across the board, we'll have two things we also do. one is to limit the deductions and exemptions that exist for particularly for people at the high end of the income spectrum so that one may maintain progressive in the code and keeping the revenue coming in by getting rid of some of exemptions, or limiting them. and secondly, we'll get a growth effect by...

Speak with you. i want to switch gears to business. you say you're going to lower the marginal rates. my question s how do you do that and still manage to balance the budget? >> that's the rub always. the answer is, by lowering marginal rates across the board, we'll have two things we also do. one is to limit the deductions and exemptions that exist for particularly for people at the high end of the income spectrum so that one may maintain progressive in the code and keeping the revenue coming in by getting rid of some of exemptions, or limiting them. and secondly, we'll get a growth effect by...

Is with us. >> first off it's a pleasure to speak to you. i want to switch gears to business a little bit. you say you are going to lower the marginal rate how do you do that and still manage to balance the budget. >> that's the rub always. the answer is by lowering marginal rates across the board we will have two things we also do. one is to limit the reductions and exemptions for people at the high end of the income spectrum so we maintain progress civet in the code and we are keeping the revenue coming in if by getting rid of some of the exemptions or deductions -- not getting rid of but li...

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