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Grover Norquist of Americans for Tax Reform discusses whether Herman Cain’s call for a “Flat Tax” can help the economy.
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Herman Cain was this prize winner Florida straw poll did the flat tax have anything to do with the take a listen.
-- -- the current tax code.
And pass the -- -- -- The 9% personal personal income tax and -- 9% -- and sales tax.
Let me now president of Americans for Tax Reform Grover Norquist thanks for joining us again sir.
Certainly going to -- -- -- so tell me but you you don't like our McCain's 999 flat tax proposal.
I was down in Orlando when He gave the speech it was a good speech and it's a good proposal in that it goes to a flat rate tax.
It dramatically simplifies the tax cut it makes the rates lower.
I'm a little bit nervous about creating even -- -- Sales tax in addition.
To the income tax I have a fear that the wrong guy gets into the White House in the future the wrong congress gets going and you have to.
Tax income taxes they can grow rapidly but.
I know what he's trying to deal and that's moving in the right direction what -- -- this Norquist -- -- keep -- McCain at one point.
Was a fair tax guy we spent a great amount of time on the show talking about the fair tax -- I personally want the idea of the fair tax.
What what's wrong with what -- would say let me ask you do you would you agree to a fair tax.
Well the fair taxes ultimately we're Herman -- wants to get to he's actually got sort of -- three phase phase -- Take phase one take income tax to 25%.
-- capital gains tax face to -- and 999.
-- three got a retail sales tax.
So the direction he's moving and since you don't get to do everything overnight in the key thing you can ask an elected official.
You want lower rates do you want flatter rates you know where they hope to be in 510 or twenty years is vaguely interesting.
The direction they're moving and is very interesting.
And Herman Cain is in sync with the modern Republican Party in wind up.
Laura were rates broader base simpler tax code.
And moved towards taxing only consumption.
Not savings and investment -- -- Chris of all -- the nine candidates that appeared on on that Fox News debate.
-- or all of them in the same camp by keeping tax rates lower lower going forward.
Yes all except senator governor Huntsman had signed the taxpayer protection pledge promising never to raise taxes.
Governor husband's tax reform proposal doesn't raise taxes it's a very good tax reform.
All of them have are moving in the direction of lower rates simpler code.
Tax consumption not investment.
And move in the direction of where Paul Ryan's legislation.
Has put the modern Republican Party in the house and senate so.
-- -- -- even though Herman -- made his case more dramatically perhaps and others all the Republican candidates for president.
-- 99% of the Republicans in the house and senate.
Overall moving in the same direction I think that's very healthy.
For those of us would like to see taxes lower simpler less painful are -- of their Grover Norquist thank you very much there.
Thank you my.
