Detailed text transcripts for TV channel - FOXNEWS - 20111230:10:41:00
On the flat tax, you are offering an option. i want you to explain to that people. >> it makes sense to me that we need to have a flatter and a fairer tax system. i mean, the idea that we spend almost a half trillion dollars, filling out, buying accountants' times and lawyers' times to deal with our taxes -- that's nuts. >> sean: right. >> why not have a flat 20 parings tax rate that clearly has the deductions for home mortgages, has the deductions for charitable, has the deductions for local sales taxes and a $12,500 independent deduction for each independent in your house. you take the deduc...