Detailed text transcripts for TV channel - FOXNEWS - 20120326:04:23:00
>> we can bring in the same amount of revenue with the new kind of tax system. there is a trillion dollars a year of loopholes built into the tax system. you don't have to get rid of all of them. >> chris: how much do you have to get rid? >> you do have to get rid of a lot of them. >> chris: can you give me a number? >> those decisions haven't been made because you have to decide where the tax rates apply. the point i'm trying to make is the boles simpson commission said top 23% and we are saying 25%. you can still keep the middle income tax write-offs for some people and we want to have a dia...