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taxes on anything people are going to spend less money. i am open for a flat tax. that is where i am going with this. aviate tax. it is regressive the you harm those who cannot afford to pay more. warren buffet can afford to pay more with the vat but those who are unemployed or the poorhouse hold or fixed income, they cannot affords it. we already have high food prices high energy costs. >>neil: this is compounding. >>guest: absolutely. >>neil: so it is not an immediate issue and the president will make the big announcement on jobs after labor day. what do you expect? >>guest: he is late to the game with that and what he should do is implement regulatory reform if you look at what the epa is doing, and there are five new regulations that will cause job losses and higher energy prices, and that is where his focus should be and that is something he can do now, he does not need congress do do that.