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Detailed text transcripts for TV channel - FOXNEWS - 20100417:09:46:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20100417:09:46:00

U.s. tax code can be excruciating. new online video exposes complying with the code can be costly for you and your family. >> just complying with the tact code will cost us 338 billion dollars this year. the reason for this punitive compliance cost is politicians keep making the tax system more complicated. the chart you see on the screen shows the number of words of tax law and regulation just for the income tax has jumped from 718 in 1955 to more than 7 million in 2005. who knows how high it is now. dealing with that complexity is time-consuming. irs estimates we spend 7.6 billion hours each...

Detailed text transcripts for TV channel - FOXNEWS - 20110425:02:06:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20110425:02:06:00

Economy and economic growth. we want to reform the tax system make it flatter, fairer and more simple and internationally competitive. we have big companies today that don't pay any taxes because they have special loopholes in the tact code they can legally use to avoid taxes. then you have others struggling paying a lot of taxes. we want to reform the tax code so job creators can create jobs so you get higher revenues. with believe the secret is spending cut in controls and followed by economic growth. it gets us economic growth. >> i think it's great and i appreciate you being honest. when a...