john: he said as much more important to kill bad bills band pass good one. you wrote that to his father who was a law maker. he said give the administration a chance to catch up with legislation don t write too many laws. these phrases sound so foreign. he is a bit different and he believed an austerity that the economy would grow and his evidence shows he was correct. john: he is blamed for the depression. it is weird history if you don t want to hurt roosevelt you have to hurt the people who come before. but hoover came in between and increased spending. that s right. i blamed hoover more but coolidge was the antithesis of roosevelt. theodore and franklin especially. if you like expanding government you will like to undermine coolidge. john: he took naps every
trains will come. the principal from business. make it up on the volume and charge what the traffic will bear and the government did get extra money and in addition the rich paid more taxes with lower rates. john: when there was a disaster and the mississippi river flooded he did not rush there to say we will help and government solves this. it is difficult for the president to say no because they want to be loved and be reelected but he thought at that moment people wanted a lot of disasters spending and infrastructure spending and history repeats itself and he knew he could not veto that spending if he went to the disaster it would overwhelm him politically so he did not go history played a tragic trick then his own state was flooded and of course, you wanted to go we could not go to be fair and he did not go
15 countries across the globe have moved to the flat tax. hong kong has so low rate, a broad base no negative tax or capital gains or other taxes that create the economic inefficiency. john: to be clear they don t have a flat tax but it is a simple tax. russia, estonia have 15 or 20 percent flat tax. exactly. john: hong kong women from poor to rich in a few years. they grew out of poverty because of simple rules. that made them one of the most business friendly economically efficient countries on the globe. john: the tax foundation says we have no deductions? there are a few there are some like having a deduction for savings we should not tax back or capital gains but get rid of the
to the small base with a high rate that is the most damaging does not get the money. look at california they have the highest tax rates in the world slowing in growth dramatically, the revenues are not coming and the division of public service is the worst in the country. john: you can save them with your book your rica fix california but the way to fix it is to leave? if they don t fix i have to leave i was on governor schwarzenegger s of counsel of economic advisers he turned to the dark side reid tried some propositions but we lost the teachers association beat us to a pulp but then he became part of the problem and i said i am out. then moved to tennessee 2006 because of taxes and state economic policy. look what has happened since then. not that i make many forecast but that was a good one.
not insure my people i will just pay the penalty. it is the tax. the supreme court says it is a tax. the will raise about $50 billion over 10 years and penalties paid by businesses who don t buy insurance. you have to or pay the penalty. john: we just cover four or five out of 20. it is so complex h&r block made a commercial to capitalize on the complications of obamacare. be affordable care act means big changes when you file your taxes. i read the whole 900 pages. i will give you a tax and health care review. i know the law. i have the solutions and can help you figure it out. john: she is smiling. a big grin. i invited h&r block to talk