up, especially in an election year, politicians dust off their three-point plans for $2 gas. i have guess this year they decide we re going to make it $2.50. i don t know where why not $2.40. why not $2.10. that s the field so far. you got your brackets filled out? it s march madness of a different sort. president obama is taking north carolina. who are you taking? i m not betti inting on this sorry. you re going to be sit this one out? i m going to sit it out. you can t win unless you play and fill out those brackets along be way the joining us is krystal ball and jonathan capehart and david corn. good day to you all. we have a lot to talk about on
why not $2.40? why not $2.10? but they but they tell the same story, they head down to the gas station, they make sure a few cameras are following them, and then they start acting like we ve got a magic wand and we will give you cheap gas forever if you just elect us. every time. been the same script for 30 years. it s like a bad rerun. the president repeated what we already know. now, this is a fact, and i know that the republicans have a hard time with facts. the united states of america is producing more oil today than it has in the last eight years. he also repeated his call for an end to oil subsidies, which, of course, republicans don t like, and, of course, talked about developing alternative energy sources, which they think is a cop-out.
and we re replacing them with a 9% visible tax. for example, take a loaf of bread. the farmer pays taxes on his profits. the company that makes the flour, the baker, the delivery man. by the time that loaf of bread gets to the grocery store, there are a series of invisible taxes, ich are also called embedded taxes. so in reality, those taxes go away, and so the price of goods don t go up. you re saying they actually go down? yes, they actually go down. based on what? based upon competition. competition drives prices down. for example, suppose one breadmaker says i m going to charge $2.20 for a loaf of bread, and the other one says he s going to charge $2.40 for a loaf of bread. well, guess which one is going to win out based on the quality of being the same? my question had to do, however, with the reality of this plan. the wealthiest americans would pay less, the poorest americans and middle-class would pay more. you don t dispute that? i do dispute that.
invisible taxes that are built into everything we buy. we ll simply those invisible taxes are going to go away. and we re replacing them with a 9% visible tax. for example, take a loaf of bread. the farmer pays taxes on his profits. the company that makes the flour, the baker, the delivery man. by the time that loaf of bread gets to the grocery store, there are a series of invisible taxes, which are also called embedded taxes. so in reality, those taxes go away, and so the price of goods don t go up. you re saying they actually go down? yes, they actually go down. based on what? based upon competition. competition drives prices down. for example, suppose one breadmaker says i m going to charge $2.20 for a loaf of bread, and the other one says he s going to charge $2.40 for a loaf of bread. well, guess which one is going to win out based upon the quality of being the same?
9% visible tax. for example, take a loaf of bread. the farmer pays taxes on his profits. the company that makes the flour, the baker, the delivery man. by the time that loaf of bread gets to the grocery store, there are a series of invisible taxes, ich are also called embedded taxes. so in reality, those taxes go away, and so the price of goods don t go up. you re saying they actually go down? yes, they actually go down. based on what? based upon competition. competition drives prices down. for example, suppose one breadmaker says i m going to charge $2.20 for a loaf of bread, and the other one says he s going to charge $2.40 for a loaf of bread. well, guess which one is going to win out based on the quality of being the same? my question had to do, however, with the reality of this plan. the wealthiest americans would pay less, the poorest americans and middle-class would pay more. you don t dispute that? i do dispute that.