Page 18 - Tax Decrease News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Republicans to try and talk america into raising taxes when he signed on august 13 of 1981 at the ranch in santa barbara the largest tax decrease in american history. megyn: the economy was in trouble. your dad takes office. he passes this huge tax reduction. but they were being phased in in over time so the relief was felt instantly. there is pressure on him to raise tax. the deficit is ballooning. he says i'll raise in particular corporate taxes. i'm going to raise them modestly in exchange for $3 worth of spending cuts. but the $3 worth of spending cuts never come. the tax hikes do come and...

That's only 4,500 dlrs$4,500 d.z if you go and look at what they -- how much of it they would probably spend on sales taxes for new goods, not used, used goods, they don't pay sales tax, they are still going to have money left over, chuck. so what i asked people to do. go through the math for your situation, because not all situations are the same, and for most people, they're going to have a net-net tax decrease because we've expanded the base. >> now, how do you handle this issue with demand? by essentially raising the price of new goods and having so, instead of going back to the state of f...

What is your take away? >> i think he looks strong. there have been no gaffes, no stumbles of any significance by mitt romney in any of the debates we've had thus far. a long process, slow and steady wins this race. i've often said that he doesn't need to win the debates. he just needs to survive this whole primary process and so far he is doing that. >> he is doing that. something else getting a lot of buzz is herman cain getting attacked for his 999 plan to fix the economy. he defended it on the daily run-down. take a look at this and we'll talk on the other side. >> the fact that i got atta...

Servant. he doesn't represent the government. he represents the beauty of-- >> and i hear double pizza expert, double cheese, peppero pepperoni. >> i got a free pizza out of that. >> i hear a guy who start add business who has right and only person in the field on the right or left, obama right idea in taxes, 999, 9% personal income tax, 9 percent capital gain tax, 9 income tax. >> what happens with the next president? the next administration? >> then the next president and the-- >> and goes in the senate. >> think about the huge tax hike that americans would be subject to. >> and a tax decrea...

Servant. he doesn't represent the government. he represents the beauty of-- >> and i hear double pizza expert, double cheese, peppero pepperoni. >> i got a free pizza out of that. >> i hear a guy who start add business who has right and only person in the field on the right or left, obama right idea in taxes, 999, 9% personal income tax, 9 percent capital gain tax, 9 income tax. >> what happens with the next president? the next administration? >> then the next president and the-- >> and goes in the senate. >> think about the huge tax hike that americans would be subject to. >> and a tax decrea...