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20%. and you just heard david plouffe say that would give the richest americans a tax break of $150,000 a year or more. your response, sir? >> we are taking away the tax shelters that people in the top tax brackets use. clean up the tax code and have a flatter simpler tax system. 8 out of 10 businesses in america file taxes as individuals. the president is saying he wants the top tax rate to go as high as 44.8% in january. you can't compete like that. canada just lowered to 15%. we are saying get rid of the special interest loopholes and tax shelters to lower tax rates for everybody and make u...

>> we can bring in the same amount of revenue with the new kind of tax system. there is a trillion dollars a year of loopholes built into the tax system. you don't have to get rid of all of them. >> chris: how much do you have to get rid? >> you do have to get rid of a lot of them. >> chris: can you give me a number? >> those decisions haven't been made because you have to decide where the tax rates apply. the point i'm trying to make is the boles simpson commission said top 23% and we are saying 25%. you can still keep the middle income tax write-offs for some people and we want to have a dia...

20%. and you just heard david plouffe say that would give the richest americans a tax break of $150,000 a year or more. your response, sir? >> we are taking away the tax shelters that people in the top tax brackets use. clean up the tax code and have a flatter simpler tax system. 8 out of 10 businesses in america file taxes as individuals. the president is saying he wants the top tax rate to go as high as 44.8% in january. you can't compete like that. canada just lowered to 15%. we are saying get rid of the special interest loopholes and tax shelters to lower tax rates for everybody and make u...

>> we can bring in the same amount of revenue with the new kind of tax system. there is a trillion dollars a year of loopholes built into the tax system. you don't have to get rid of all of them. >> chris: how much do you have to get rid? >> you do have to get rid of a lot of them. >> chris: can you give me a number? >> those decisions haven't been made because you have to decide where the tax rates apply. the point i'm trying to make is the boles simpson commission said top 23% and we are saying 25%. you can still keep the middle income tax write-offs for some people and we want to have a dia...