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Detailed text transcripts for TV channel - FOXNEWS - 20130127:20:15:00

that you can raise and royalties. that s how wyoming and alaska got rid of their income tax. you said the swap from income to tax sales tax politically difficult. economically it makes a lot of sense. because you are taxing consumption instead of taxing investment andse work and effort. yeah, thank you for clarifying that it s an important point. what i was. saying is sometimes it s a hard sell to the people saying when you go to the 7/11 or go to the grocery store, you might have to pay a little higher tax. the problem is people say well, maybe i will take the double i know, the income tax over the double i don t know these higher sales taxes. meanwhile, kim, there is a movement in the opposite direction in states that are controlled by democrats devol patrick proposing a big tax increase. something similar going on in minnesota that follows california, illinois, new york,so maryland, virginia mark warner and connecticut and so-called blue states which

Detailed text transcripts for TV channel - FOXNEWS - 20130127:20:04:00

bit about that. steve, so is this a regulatory agenda because i don t think cap and trade, the old program can pass even a democratic senate. it couldn t the first time when they controlled everything. yeah, there isra a reason that president obama almost never mentions the words climate change and cap and trade during the campaign, paul, that s because they are political losers. they are big tax increases on workers, on union workers, on manufacturing workers. so the democrats have avoided that issue now that they have won this election. they have sort of sprung it out on people. i still don t believe the votes are there in the united states senate and the house to pass anything like either the carbon tax or by the way the democrats are also talking about maybe an energy tax, like a gasoline tax. there is no political support there. that s why i think kim is right. if they are going to do this it s going to have to be through the regulatory angle trying to outlaw carbon in that way.

Detailed text transcripts for TV channel - FOXNEWS - 20130127:20:02:00

Detailed text transcripts for TV channel - FOXNEWS - 20130127:20:02:00
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Detailed text transcripts for TV channel - FOXNEWS - 20130127:20:03:00

Detailed text transcripts for TV channel - FOXNEWS - 20130127:20:03:00
comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.

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