crisis would occur. but we think it might be quite soon. therefore, reining in the debt is an imperative. >> reporter: a 6.5% sales tax dedicated to deficit reduction. a one-year tax holiday for social security. and emflowers which they estimate will create several million jobs and significant changes in medicare to make all seniors pay more if medical costs grow faster than the economy which they always do. replace deductions for mortgage interest and charitable contributions with a 16% tax credit. they will cut individual income tax rates to 22%.