Detailed text transcripts for TV channel - MSNBC - 20111025:13:10:00
It will work out, i'm not your guy. >> joining me now from gray court, south carolina where the governor will formally unveil his plan. walk me through. he wants to make the tax code a choice. flat tax is not a mandatory implementation, but is there a way to incentivize people to go the flat tax route? >> most people will get a tax cut, but by preserving it is option of the old system, he makes sure nobody will get a tax increase. he is going to a 20% flat rate on corporations and individual income, preserves the big deductions for charity and mortgage interest and state and local taxes if you...