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Jon Huntsman on the 2012 Election, Taxes

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    Republican Presidential Candidate Jon Huntsman on the 2012 presidential election and the need to reform the tax code.

  • Duration 5:18
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So far he's the Mormon well not storm and in fact dead last in the latest Gallup presidential poll out today.

The same -- that now puts Rick Perry ahead of Mitt Romney's.

My double digits Huntsman telling me relaxing it is still early very early.

Can I say -- I like my chances.

If if this had been the reality.

Last go around and 2008 Fred Thompson would be president if you kind of read the polls then.

Howard -- dean would have been the president in 2004.

How many front runners of we had in this race already in several months probably 45.

I wouldn't hesitate to call.

On -- sacrifice from all of our people even those at the very highest end of the income spectrum.

A lot of Tea Party is read that -- to say well.

-- maybe they should pay more in -- -- I don't believe in more taxes at this time in our nation's history is the worst thing we could do we've got to get back on her feet.

But are we all gonna have to step up and recognize the reality of where we are and that is.

Entitlements cannot continue as they are today.

It will bankrupt our future generation we've got to change Medicare we've got to change Social Security we've got -- -- defensive -- mentioned the news upper income have to do their part -- you saying that they how does that that was in response to a question you gotta be careful about that all I was saying is every -- in this country is gonna have to recognize the new reality and that -- we've got to fundamentally change the way we do business does that and got a -- -- -- -- government if it's if there are only so many cuts -- get.

-- it means reforming our tax code I mean we have a broken dilapidated tax code that's got to be completely revamped for the 21 century.

Do we need to phase out loopholes and deductions and get rid of corporate welfare.

Absolutely we do when you -- that in your reinvested back into the tax code that's exactly what I would do we do that the stadium job creating effectively a flat tax.

And you buy down the rate -- -- broaden the base by down the rate in what it is it's people.

-- governor or the more conservative members of congress who say now you don't.

Do that or or even.

Address subsidies are special allowances.

At this time because that is substitute tax increase -- attacks increased.

So what by hook or crook they don't entertain -- don't even put it out there.

Don't even.

Issue.

May I say that I live in the real world.

In the real world you've got to get things you corridors to now I'm just half just saying let's recognize the reality of the situation we're now you know it.

He extreme ends of politics you know the president's on one extreme we've got people on another extreme of the kind of shouting past one another.

At the end of the day we've got to make this concrete work we've got to get a tax code that actually is 21 century competitive you can't market each other and expect to get results.

Some of the more conservative members of -- we will always tend to call them tea parties may be just a general.

Extreme conservative part of the party governor.

Doesn't see that because that's not in the real world thing echoes a comment you admitted that Michelle Bachmann and her idea that -- may -- As she could force two dollar to two dollar guess you would responded at the time I just don't know what world that comment would come.

You know everybody gets into personality politics all.

All I wanna tell you in the -- is this country is broken and it breaks my heart.

We are not creating jobs we are caring fourteen point five trillion bucks and going up and get 5152 trillion.

A pot private and public combined.

We've got to get this country moving again everything else is a side show personality politics what one person says about the other governor you're there is so.

-- dependent student -- I mean you're you're.

We have an ambassador that the governor speak variety of languages you -- you know the power of your comments so when you.

Come out with a comment like that regarding.

Michelle Bachmann are you you you talk about -- some in the party who don't even believe in global warming and you call them out on it you must know.

How people gonna respond to that and you must know.

That it might not put you in favor with the more conservative elements in the party but maybe by design you you don't care.

-- I don't care.

I live in the real world and I'm gonna save what the truth is how I see the truth I'm gonna run on my record it is what it is is saying.

Of real.

Hardened since conservative.

With the views that maybe you do not a spouse.

Can get elected president.

You know if this is a discussion about.

Jobs and it's about economic expansions you don't entertain some of those views that you -- -- yeah electable I think -- I think a lot of what we're talking about here is part of the political side -- I'm going to respond.

Two questions -- based upon reality.

But I'm here to tell you that the American people would have looked in well job of our nominate -- not an economic -- -- but it there nominated are you saying as a warning to Republicans.

We go down that route.

We're gonna lose absolutely.

We've got to have numbers on our side to win elections you've got to be realistic about the world in which you live in order to win elections.