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So the Iowa Caucuses a lesson for days away and we thought it would be a good -- -- about where all the candidates stand.
With their economic policies here to break it all down is Dan Henning there.
Deputy editor for the opinion page of the Wall Street Journal -- let's start with mister Gingrich because he's really running on -- trying to run -- -- Reagan redux.
But he's come out with some very specific ideas particularly on tax policy.
That put Mitt Romney in a somewhat vulnerable position.
-- -- and that's the point.
Gingrich did indeed come out this week representing himself as the reincarnation of Ronald Reagan and Jack Kemp.
That means supply side economics that means tax cuts to incentivize.
So Romney or Gingrich is proposing.
An optional 15% flat tax.
He's going to eliminate taxes on capital gains and dividends and is gonna reduce the corporate rate to twelve point 5%.
Now let's look at that and got art Laffer -- endorsed and he got the famous supply side economists are -- endorsement.
Corporate tax rates.
As Gingrich points out Romney.
It says he will reduce it from the current level of 35%.
And Gingrich immediately points out.
But that leaves us higher than Canada ten points higher than Canada does that make any sense that actually doesn't.
On individual tax rates -- Gingrich points out the -- Romney's proposals are very close to Obama's and in fact that's true.
This is Romney's all the tax policy on the -- the 57 points that he put out.
On page one of -- he attacked President Obama for categorizing.
Millionaires and billionaires as people with an adjusted gross income of more.
Of around 250000.
On -- -- to of this plan where the proposal comes in.
-- says he will cut cap gains and dividends only for people up to 200000.
That's the Obama plan.
So this is a very kind of confuse tax policy.
That Mitt Romney is running on and Gingrich is exposing that this week I don't think it's gonna help -- win the Iowa Caucuses.
But he is exposing some real vulnerabilities.
In the Romney game plan.
Did is it.
Is it enough to keep.
Newt Gingrich and the race after I know what you -- because it does it does put Mitt Romney in a position where he needs to offer up more.
Beyond what has become the baseline for conservatives as one of the Wall Street Journal articles point now.
-- well I think Gingrich is offering some very interesting ideas here it may be old.
A little bit late I mean the carpet bombing he endured from the Republican establishment.
Has had an effect I think it is scared off contributors.
And if he doesn't finish in the top three.
In in highway it's going to be difficult for -- the -- do think that Gingrich is going to drive his campaign at least in the South Carolina.
In Florida working strongest with this economic message which is the number one thing on voters' minds.
And he has to drive the message well that he has to be effective at communicating it yes stay on message he has to focus focus spoke he is good data at the one who's not very good about it is Romney who talks and a lot of President Obama and congress is about to learn something from -- because we're gonna ask you for your New Year's resolutions for.
The president and congress so first up the presidents well the president I have to what's the biggest thing that people want for Christmas or for the new year.
More jobs he could do two things he could approve the Keystone Pipeline -- could get the Environmental Protection Agency.
Off the back of the natural gas industry which is oddly enough the greatest boom industry in the United States with hydraulic fracturing of gas.
If Obama did those two things.
He would be a job creator for the GOP congress I think what they should do.
Is get together and speak with a unified voice on taxes.
On spending in on regulation rather than this kind of fractured.
Position at the Republicans have all this year and fighting Barack Obama they need to speak with a unified voice to help their nominee for president next year that was.
Very well said and with the Keystone Pipeline the Teamsters even want it public office slam dunk.
Existing -- on -- basically if you kick this can down the road illegally.
You are basically saying I AM kowtowing to the -- Analysts period to -- net debt that that unemployment rate below 8%.
And you've got to do it with good gas and pipelines -- weird but that's the new industries in the United States happy new year same view thank you so much for being hair.
On all of these major -- day I was waiting for some sort of something big hit can pay our little -- There's more -- you're booked on this stuff.
All of like -- wait regime falls let's not block the Strait of Hormuz that's and I don't think it's nine point damn.
Actually not because when -- here it means that there's always on somebody you know something that's so much about everything can't thank you get right -- of the -- count.
And that's -- -- bright -- today what is your economic resolution for the president and for congress.
In 2012 email -- they -- -- at foxbusiness.com.
Or veteran FaceBook page FaceBook dot com slash taken -- com.
We'll get to some your responses at the end of the show but.
Quick stock alert for you Verizon Wireless announcing --
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