if you collect the same total revenue in an efficient way, none of these systems will lead to higher or lower prices than the others. it just won t make any difference in the overall price level. bret: bottom line, you a supporter? this is better than the current tax code. the current taxes are venomous and filled with awful ducks, chicken, pigs, turkeys in there. they just got to be cleaned out and we have to completely revamp the code. i would love to site done. bret: thank you for your time. thank you. pleasure. bret: herman cain will be a guest soon in the new center seat segment for presidential candidates. the next installment is friday with former new mexico governor gary johnson. next week, rick santorum. jon huntsman is here tuesday, 25. herman cain stops by november 1. we re working to schedule all the candidates if for center seat with the panel.
legislation in ten years they can do that. but you can t control the future congresss or presiden presidents. i think this is a good and efficient plan. if i could do anything to stop future politicians from raising taxes i d love to figure it out. bret: cain says in the second phase he would phase out income tax for individuals and corporation in favor of the national sales tax. that could get fairly high. critics say, you know, people on the fixed incomes and people worried about the price of things going up, how do you respond? i don t know about the long-term phase. i just look at 9-9-9 myself. you have to believe that taxes are all the prices. they always are. it s jest how they get in that price. if you tax a corporation, it will charge higher price for product that you buy.
and strong conservatives are thrilled with herman cain. bret: you have a problem with thumbs. ten seconds. i think it continues until mitt romney figures out how to stop it. bret: that is it for the panel. stay tuned for not exactly a comforting kic
that. but the general bret: finish your thought. it s simple on paper. but every one of the questions we are discussing would have to be hashed out when the legislative process bret: but there is a hunger for that, isn t there? a hunger for saying you know what? forget this stuff about the deductions here and deductions there, paying the guy to do your taxes that can t figure it out. and make it simple. that is why some kind of tax reform is going to have to cop next year. the u.s. tax code, federal tax code is 70,000 pages. we had the chairman of the tax writing committee in congress not able to figure it out. the treasury secretary not able to figure it out. head of the i.r.s. admit he goes to somebody else. to have his taxes done. you have 82 p.c. of the country that spends money in one way or another on having their taxes done, whether it s 60% that pay an account tant or 22% that using software to prepare their taxes. that is a huge problem. bret: ten seconds, do
very centrally. i like him. and i like it for that point. bret: chuck? i agree with juan in the sense i think it s terrific politics. it s easy to understand. attractive and so forth. i have to say i have a lot of questions about it. i ve been jotting them down as we talk. eliminate the payroll tax. that means the social security is no longer a social insurance program? it s a pure welfare program to be funded out of current general revenues. what about that? what does herman cain say about that? ditto for medicare, by the way. what about the 9% sales tax. does it go to your utility bill? i did back of the envelope thing with steve before the show. we figured out that would make a federal gas tax of 30 cents a gallon if applied to gallon of gas, which is higher than they re taking now. by the way, it would increase as the gas price going up. bret: we have questions for herman cain on center seat when he sits on the panel there are questions about internet sales. that opens up a d