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There is the question what exactly is a fashion.
When it comes to paying federal income taxes let's bring in.
Drove at all -- from Americans for Tax Reform -- in DC.
He is missed attacks not mister tax man I would never say if that's the -- gawkers but he's with the -- Look at -- want what is 35% now the president wants it to go -- If Grover Norquist had his druthers what will be a fat tax -- the top tax rate on federal income.
Well let's remember there was a bipartisan agreement the 28%.
Was a reasonable.
Top rate back when the Democrats.
Voted along with Republicans for Reagan's tax reform.
So we're a long way past what was considered reasonable.
When Reagan was president we had both bush 41 and then.
Clinton and now -- -- -- each one trying to push up.
The top marginal tax rate.
Going to 25%.
As Ryan and Romney have talked about.
Only gets us back to Reagan levels and I think that's too high but that's not a bad place to start you know.
I said on this program that I would be prepared to pay that I because there's -- there's a moral thing -- Is it mall role for a government to take a -- if you income or half view income.
And I said no it's not but I said I would draw the line at one -- I would -- EU could get me to -- thug is the top tax rate -- -- 3% -- the top tax rate I will be satisfied with that but that that's not good enough for you you wanna go way down to a quarter up all last night.
Again given your relatives of -- you would have been happy peasant during the Middle Ages -- there's about 25%.
There so you're willing to pay more than the surface had to pay during the middle -- -- was.
I didn't 5% 25%.
-- surface yeah.
What way would you put it you would you go to 20%.
Would you go to fifteen what you -- I think you start by going to 25 and and and moving there.
And then I think we need to take it down their -- several.
-- you look at the American people believe no 175% of Americans -- no it should pay more than 25%.
Of their income in all taxes that includes state and local taxes as well.
So the American sense of fairness has most Americans arguing for something significantly.
Less than 25%.
-- but what about consumption taxes because that hits everybody regardless of your income act the same rate.
Are you in -- about kind of flat tax on consumption.
It we can take the income tax and make it a consumption tax by expanding IRAs and four -- case so you don't need a new tax to.
Eliminate the double and triple and quadruple taxation we have on savings investment in America.
But let's keep an -- where Obama and the Democrats want to -- All this talk about taxing the rich.
Is nonsense the Buffett tax raises 47 billion dollars over ten years at a time when Obama's planning on spending.
-- getting eleven trillion in new debt -- So he's gonna fund -- -- half of 1% of his new debt.
By taxing rich people.
The rest is coming out of everybody in America how a value added tax or an energy tax.
An energy tax a carbon tax is a value added tax on training wheels it will immediately go to -- across the board.
Tax on consumption of that and when we have of that.
We are irrevocably on the path to Europe you know.
You -- the best to last you should you know you burying the lead you gotta put it right up front group you know you and you know these things you gonna do it right.
But Grover Norquist it is always a pleasure thanks for joining us frightening so yep we is good to --
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