Making 40000 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Reform who received a 73% cut in her taxes, her taxes are going to go back up by 73%. neil: a bad idea in your eyes? >> that does not sound like-- does not sound like a tax on the wealthy to me, it sounds like a tax on someone making $40,000 a year. neil: we'll look at it closely. senator, thank you again. have a good weekend. thank you, neil, have a great day. neil: to the senator's point on the quid pro quo thing. constitutional lawyer, katie. does it have to be something like a financial item raised or dangled, could it be the goods on perspective opponent. when is it a quid pro quo and whe...

Anybody? >> sure. one thing that obama care did is that it had younger enrollees subsidize -- the senate and house bills are rolling that back, so you have a 27-year-old in south carolina making $40,000 a year they're going to pay there $1500 or 38% less. that's a good benefit. you also have healthy people who don't want all of this coverage. they don't take prescription drugs, they don't need mental health care, for instance, maybe they don't want maternity, so they won't have to buy these robust plans that obamacare provided. the individual market before obamacare, there was a lot of concern...

We're going to get rid of all these horrible regulations. we're going to open up, do business, we're going to have fun, create jobs, be taking jobs back from all over the world. >> you can see that this tax plan, the simple flat tax would produce 4.9 million new jobs, increase capital investment by 44% and every income group in america would see your after-tax income grow by at least 14%. so if you're a single mom making $40,000 a year, it means your after-tax income is an additional $5,600 a year. >> if we can make it easier, faster and cheaper for americans to access the skills that they nee...

10% flat tax rate on personal income. eliminate all corporate taxes. 16% business flat tax, universal savings accounts by the way and the death tax which is double and triple taxation. would that come into balance in your view and how does it get into balance and what would the percentage of growth need to be for it to be in balance? >> so it absolutely comes into balance. i would encourage your viewers if you go to our web site, tedcruise.org we have detailed numbers there. you can see this tax plan, the simple flat tax, would produce 4.9 million new jobs, would increase capital investment by...

10% flat tax rate on personal income. eliminate all corporate taxes. 16% business flat tax, universal savings accounts by the way and the death tax which is double and triple taxation. would that come into balance in your view and how does it get into balance and what would the percentage of growth need to be for it to be in balance? >> so it absolutely comes into balance. i would encourage your viewers if you go to our web site, tedcruise.org we have detailed numbers there. you can see this tax plan, the simple flat tax, would produce 4.9 million new jobs, would increase capital investment by...