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Mayors Discuss Education and Legislation

Detailed text transcripts for TV channel - FOXNEWS - 20151112:21:54:00

lots of goldmines. and lots of precious federal lands. if we put them up for auction, we could balance our debt. not tomorrow, but by the day after tomorrow. he didn t say that but art laffler joins us now. let s go through some of the things that you think that right away, you could start paying down debt with here what are we talking about? a tax amnesty program, federal, state and local, i think if a good tax plan were put in place you could collect as much as $350 billion federal on unpaid taxes for the last decade. $225 billion state and local. ongoing, you could probably get $35 billion extra a year because these people would be above ground and paying taxes. you ve got land there. i think the omb lists 7,000 properties, worth $350 billion. we ve got all that gold in fort knox, all of that gold. about $288 billion. no one has ever seen it. if it is there i ve seen it.

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