Detailed text transcripts for TV channel - FOXNEWS - 20111003:06:26:00
We are not getting the jobs. let me just give you one example that goes back to your interview with mr. cain. the 9% sales tax that he is advocating is similar to a value added tax as they call it in europe and elsewhere. under the world trading rules, the value added tax is deductible from exports where our corporate income tax is not. so we are playing with one hand tied behind our back when it comes to exports which is one of the biggest potential growth areas that the united states has. that is why the corporate tax has to be lowered. it has to be configured for a worldwide economy and it ...